Analyzing Corteva (CTVA) & Its Rivals

Corteva (NYSE:CTVAGet Rating) is one of 32 public companies in the “Agricultural production – crops” industry, but how does it contrast to its rivals? We will compare Corteva to similar companies based on the strength of its analyst recommendations, earnings, profitability, institutional ownership, risk, valuation and dividends.

Institutional & Insider Ownership

79.0% of Corteva shares are owned by institutional investors. Comparatively, 28.0% of shares of all “Agricultural production – crops” companies are owned by institutional investors. 0.1% of Corteva shares are owned by company insiders. Comparatively, 22.1% of shares of all “Agricultural production – crops” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Analyst Ratings

This is a summary of recent ratings and price targets for Corteva and its rivals, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Corteva 0 1 15 0 2.94
Corteva Competitors 38 127 424 23 2.71

Corteva currently has a consensus price target of $69.00, suggesting a potential upside of 20.50%. As a group, “Agricultural production – crops” companies have a potential upside of 209.32%. Given Corteva’s rivals higher possible upside, analysts clearly believe Corteva has less favorable growth aspects than its rivals.

Earnings and Valuation

This table compares Corteva and its rivals top-line revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Corteva $15.66 billion $1.76 billion 24.19
Corteva Competitors $1.63 billion $92.76 million 1.03

Corteva has higher revenue and earnings than its rivals. Corteva is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.

Profitability

This table compares Corteva and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Corteva 10.31% 7.26% 4.46%
Corteva Competitors -180.98% -13.81% -9.50%

Risk and Volatility

Corteva has a beta of 0.68, meaning that its share price is 32% less volatile than the S&P 500. Comparatively, Corteva’s rivals have a beta of -28.78, meaning that their average share price is 2,978% less volatile than the S&P 500.

Dividends

Corteva pays an annual dividend of $0.60 per share and has a dividend yield of 1.0%. Corteva pays out 25.3% of its earnings in the form of a dividend. As a group, “Agricultural production – crops” companies pay a dividend yield of 3.2% and pay out 45.4% of their earnings in the form of a dividend. Corteva has increased its dividend for 2 consecutive years.

Summary

Corteva beats its rivals on 11 of the 15 factors compared.

About Corteva

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Corteva, Inc. operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics. This segment also provides digital solutions that assist farmer decision-making with a view to optimize product selection, and maximize yield and profitability. The Crop Protection segment offers products that protect against weeds, insects and other pests, and diseases, as well as enhances crop health above and below ground through nitrogen management and seed-applied technologies. This segment provides herbicides, insecticides, nitrogen stabilizers, and pasture and range management herbicides. It serves agricultural input industry. The company operates in the United States, Canada, Latin America, the Asia Pacific, Europe, the Middle East, and Africa. Corteva, Inc. was incorporated in 2018 and is headquartered in Indianapolis, Indiana.

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