Corteva, Inc. operates in the agriculture business. The company operates through two segments, Seed and Crop Protection.
Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation. The dashed forward point is the forward P/E — today's price ÷ analyst consensus EPS. Shaded region = analyst consensus for the current and next fiscal year (22 analysts).
| Parameter | BaseValue |
|---|---|
Initial Cash Flow | |
| Growth Rate (Yr 1-5) | % |
| Growth Rate (Yr 6-10) | % |
| Terminal Growth Rate | % |
| Discount Rate | % |
Base Case $59.73 Implied EV: $41.34B |
What growth rate is the market pricing in at $79?
The market implies +13.9% Owner Earnings growth, above historical trends.
Standard FCF implies a demanding +8.3%, reflecting heavy growth investment.
Narrow moat with revenue predictability as the key competitive advantage. Improving roic consistency would strengthen the moat.
"Market is optimistic — be cautious and ensure you have a margin of safety"
Price appears to exceed estimated intrinsic value — limited margin of safety at current levels
