Corteva: Our Fair Value Estimate Is $20 Following Vylor Seeds Spinoff
On Oct. 1, Corteva completed the spinoff of its seeds business, which will be a publicly traded company named Vylor.
Corteva Inc CTVA
Bulls Say, Bears Say
Bulls
Management’s plan to separate the seed and crop protection businesses will create shareholder value as it will allow the crop protection company to develop its best products rather than focus on complementing the seed business.
Bears
Management's plan to separate the seed and crop protection businesses will hurt shareholder value as it will create dissynergies from operating two publicly traded companies instead of one.
News
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Vylor Added to the S&P 500; Twilio Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600
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Corteva Begins New Chapter as Focused, Innovation-Led, Global Crop Protection Leader
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Corteva Announces Expiration and Final Results of Private Exchange Offers and Consent Solicitations for EIDP's 2.300% Senior Notes Due 2030, 5.125% Senior Notes Due 2032 and 4.800% Senior Notes Due 2033
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Corteva Announces Extension of Expiration Date in Private Exchange Offers and Consent Solicitations for EIDP's 2.300% Senior Notes Due 2030, 5.125% Senior Notes Due 2032 and 4.800% Senior Notes Due 2033
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Corteva and Inari Reach Settlement Agreement
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FTC Reaches Settlement With Corteva
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Corteva Announces Effectiveness of Vylor's Form 10 Registration Statement
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Vylor to Expand Soybean Leadership: Next-Gen Tech Platforms Maintain North America Yield Advantage, Accelerate Latin America Lineup via Broad Spectrum Insect Control
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Trading Information
- Previous Close Price
- $12.57
- Day Range
- $11.87–13.04
- 52-Week Range
- $9.08–14.44
- Bid/Ask
- $11.91 / $11.92
- Shares Outstanding
- 667.20M
- Market Cap
- $7.95B
- Volume/Avg
- 79M / 31M
Key Statistics
- Price/Earnings (Normalized)
- 3.32
- Price/Sales
- 0.48
- Dividend Yield (Trailing)
- 5.73%
- Dividend Yield (Forward)
- 5.73%
- Dividend Payment Schedule
- Mar, Jun, Sep, Dec
- Total Yield
- 18.26%
Company Profile
Corteva is a crop protection pure play. The company was formed in 2019 when it was spun off from DowDuPont and spun off its seeds business, Vylor, in 2026. Corteva is a leader in the development of new crop protection products, including herbicides, insecticides, fungicides, biologicals, and plant health products. Corteva operates globally. North America generates nearly 40% of revenue while Latin America generates over 30%.
- Sector
- Basic Materials
- Industry
- Agricultural Inputs
- Stock Style Box
- Mid Core
- Total Number of Employees
- 21,500
- Website
- https://www.corteva.com
Competitors
Valuation
|
Metric
|
CTVA
|
NUF
|
BAYRY
|
|---|---|---|---|
Price/Earnings (Normalized) | 3.32 | 805.54 | 10.38 |
Price/Book Value | 0.33 | 0.66 | 1.48 |
Price/Sales | 0.48 | 0.36 | 0.95 |
Price/Cash Flow | 3.66 | 4.42 | 29.55 |
Price/Earnings
CTVA
NUF
BAYRY
Financial Strength
|
Metric
|
CTVA
|
NUF
|
BAYRY
|
|---|---|---|---|
Quick Ratio | 1.03 | 1.16 | 0.67 |
Current Ratio | 1.52 | 2.08 | 1.04 |
Interest Coverage | 9.28 | −0.66 | 0.27 |
Quick Ratio
CTVA
NUF
BAYRY
Profitability
|
Metric
|
CTVA
|
NUF
|
BAYRY
|
|---|---|---|---|
Return on Assets (Normalized) | 6.03% | 0.03% | 4.50% |
Return on Equity (Normalized) | 10.20% | 0.08% | 16.50% |
Return on Invested Capital (Normalized) | 8.89% | 1.81% | 9.34% |
Return on Assets
CTVA
NUF
BAYRY
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United States