Corteva Stock Current Valuation
| CTVA Stock | USD 54.92 0.22 0.40% |
Valuation analysis of Corteva helps investors to measure Corteva's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns. As of April 28, 2024, Enterprise Value Over EBITDA is expected to decline to 8.65. In addition to that, Enterprise Value Multiple is expected to decline to 8.65. Fundamental drivers impacting Corteva's valuation include:
Price Book 1.5007 | Enterprise Value 39 B | Enterprise Value Ebitda 14.7098 | Price Sales 2.1811 | Forward PE 19.1205 |
Undervalued
Today
Please note that Corteva's price fluctuation is very steady at this time. Calculation of the real value of Corteva is based on 3 months time horizon. Increasing Corteva's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Our valuation method for Corteva is useful when determining the fair value of the Corteva stock, which is usually determined by what a typical buyer is willing to pay for full or partial control of Corteva. Since Corteva is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Corteva Stock. However, Corteva's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 54.92 | Real 65.57 | Target 68.63 | Hype 55.09 |
The real value of Corteva Stock, also known as its intrinsic value, is the underlying worth of Corteva Company, which is reflected in its stock price. It is based on Corteva's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Corteva's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Corteva's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Corteva helps investors to forecast how Corteva stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Corteva more accurately as focusing exclusively on Corteva's fundamentals will not take into account other important factors: Corteva Company Current Valuation Analysis
Corteva's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Corteva Current Valuation | 39.02 B |
Most of Corteva's fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Corteva is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Corteva Current Valuation Driver Correlations
Understanding the fundamental principles of building solid financial models for Corteva is extremely important. It helps to project a fair market value of Corteva Stock properly, considering its historical fundamentals such as Current Valuation. Since Corteva's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Corteva's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Corteva's interrelated accounts and indicators.
Click cells to compare fundamentals
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Corteva has a Current Valuation of 39.02 B. This is 241.97% higher than that of the Chemicals sector and significantly higher than that of the Materials industry. The current valuation for all United States stocks is 134.7% lower than that of the firm.
Corteva is the top company in current valuation category among related companies. After adjusting for long-term liabilities, total market size of Materials industry is currently estimated at about 39.15 Billion. Corteva totals roughly 39.02 Billion in current valuation claiming about 100% of all equities under Materials industry.Corteva Fundamentals
| Return On Equity | 0.037 | ||||
| Return On Asset | 0.0293 | ||||
| Profit Margin | 0.04 % | ||||
| Operating Margin | 0.02 % | ||||
| Current Valuation | 39.02 B | ||||
| Shares Outstanding | 698.88 M | ||||
| Shares Owned By Insiders | 0.09 % | ||||
| Shares Owned By Institutions | 82.58 % | ||||
| Number Of Shares Shorted | 9.58 M | ||||
| Price To Earning | 29.88 X | ||||
| Price To Book | 1.50 X | ||||
| Price To Sales | 2.18 X | ||||
| Revenue | 17.23 B | ||||
| Gross Profit | 7.03 B | ||||
| EBITDA | 941 M | ||||
| Net Income | 941 M | ||||
| Cash And Equivalents | 2.66 B | ||||
| Cash Per Share | 3.69 X | ||||
| Total Debt | 2.49 B | ||||
| Debt To Equity | 0.08 % | ||||
| Current Ratio | 1.88 X | ||||
| Book Value Per Share | 35.70 X | ||||
| Cash Flow From Operations | 1.77 B | ||||
| Short Ratio | 3.03 X | ||||
| Earnings Per Share | 1.30 X | ||||
| Price To Earnings To Growth | 2.35 X | ||||
| Target Price | 61.95 | ||||
| Number Of Employees | 22.5 K | ||||
| Beta | 0.77 | ||||
| Market Capitalization | 38.38 B | ||||
| Total Asset | 43 B | ||||
| Retained Earnings | (41 M) | ||||
| Working Capital | 5.85 B | ||||
| Current Asset | 14.8 B | ||||
| Current Liabilities | 8.87 B | ||||
| Annual Yield | 0.01 % | ||||
| Net Asset | 43 B | ||||
| Last Dividend Paid | 0.63 |
About Corteva Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Corteva's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Corteva using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Corteva based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Corteva
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Corteva position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Corteva will appreciate offsetting losses from the drop in the long position's value.Moving together with Corteva Stock
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Moving against Corteva Stock
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| 0.51 | X | United States Steel Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Corteva could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Corteva when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Corteva - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Corteva to buy it.
The correlation of Corteva is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Corteva moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Corteva moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Corteva can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Corteva Piotroski F Score and Corteva Altman Z Score analysis. For information on how to trade Corteva Stock refer to our How to Trade Corteva Stock guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Corteva Stock analysis
When running Corteva's price analysis, check to measure Corteva's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Corteva is operating at the current time. Most of Corteva's value examination focuses on studying past and present price action to predict the probability of Corteva's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corteva's price. Additionally, you may evaluate how the addition of Corteva to your portfolios can decrease your overall portfolio volatility.
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Is Corteva's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Corteva. If investors know Corteva will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Corteva listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.25) | Dividend Share 0.63 | Earnings Share 1.3 | Revenue Per Share 24.296 | Quarterly Revenue Growth (0.03) |
The market value of Corteva is measured differently than its book value, which is the value of Corteva that is recorded on the company's balance sheet. Investors also form their own opinion of Corteva's value that differs from its market value or its book value, called intrinsic value, which is Corteva's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Corteva's market value can be influenced by many factors that don't directly affect Corteva's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Corteva's value and its price as these two are different measures arrived at by different means. Investors typically determine if Corteva is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Corteva's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.