AGCO Corp AGCO

Morningstar Rating
$114.61 +2.80 (2.50%)
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Company Report

Precision Agriculture Supports Agco Through Cyclical Trough

Agco was founded in 1990 and built up through a series of acquisitions. It has expanded into precision agriculture via further acquisitions: primarily Precision Planting in 2017 and a joint venture with the agriculture assets of Trimble, in which Agco bought a controlling interest in 2024. Those assets have been rebranded as PTx, which has approximately 1,000 points of distribution in North America. The company is actively adding PTx distribution. The company’s sales and profits are over-indexed to Europe, though management is trying to grow in larger, more lucrative North and South American markets.

Price vs Fair Value

AGCO is trading within a range we consider fairly valued.
Price
$111.81
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Fendt will gain some market share in the US.

Bears

The Trimble acquisition will flop, resulting in write-downs and potential financial distress.

News

Articles & Videos

Trading Information

Previous Close Price
$111.81
Day Range
$111.64–114.86
52-Week Range
$98.22–143.78
Bid/Ask
$101.69 / $117.59
Shares Outstanding
70.03M
Market Cap
$8.03B
Volume/Avg
886,122 / 995,636

Key Statistics

Price/Earnings (Normalized)
18.98
Price/Sales
0.79
Dividend Yield (Trailing)
1.06%
Dividend Yield (Forward)
1.07%
Dividend Payment Schedule
Mar, Jun, Sep, Dec
Total Yield
4.25%

Company Profile

Agco is a global manufacturer of agricultural equipment. Its main machine brands are Fendt, Massey Ferguson, and Valtra; its initiatives in precision agriculture have been organized under the PTx umbrella following a series of acquisitions. While a global business, Agco’s sales skew heavily toward Europe/Middle East, representing 50%-60% of sales and even more of operating profits. The company is trying to increase its exposure to the larger North and South American markets. Its products are available through a global dealer network, which includes over 3,000 dealers and distribution locations and reaches into over 140 countries. Additionally, Agco offers retail and wholesale financing to customers through its partnership with Rabobank of the Netherlands, having exited their JV in 2026.
Sector
Industrials
Industry
Farm & Heavy Construction Machinery
Stock Style Box
Small Core
Total Number of Employees
22,000

Competitors

Valuation

Metric
AGCO
DE
CNH
Price/Earnings (Normalized)
18.9837.3431.39
Price/Book Value
1.926.442.66
Price/Sales
0.793.860.88
Price/Cash Flow
16.1124.309.79
Price/Earnings
AGCO
DE
CNH

Financial Strength

Metric
AGCO
DE
CNH
Quick Ratio
0.451.985.73
Current Ratio
1.322.207.06
Interest Coverage
6.023.221.25
Quick Ratio
AGCO
DE
CNH

Profitability

Metric
AGCO
DE
CNH
Return on Assets (Normalized)
3.56%4.68%2.32%
Return on Equity (Normalized)
10.14%18.74%12.84%
Return on Invested Capital (Normalized)
6.47%7.86%5.90%
Return on Assets
AGCO
DE
CNH

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