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Intrinsic Value of Corteva, Inc. (CTVA)

Previous Close$50.34
Intrinsic Value
Upside potential
Previous Close
$50.34

VALUATION INPUT DATA

This valuation is based on fiscal year data as of 2022-12-31 and quarterly data as of 2023-06-30.

  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2022(a)2023202420252026202720282029203020312032203320342035203620372038203920402041204220432044204520462047

INCOME STATEMENT

Revenue growth rate, %11.5NaN
Revenue, $17455NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m15950NaN
Operating income, $m1505NaN
EBITDA, $m2728NaN
Interest expense (income), $mNaN
Earnings before tax, $m1357NaN
Tax expense, $m210NaN
Net income, $m1147NaN

BALANCE SHEET

Cash and short-term investments, $m3315NaN
Total assets, $m42618NaN
Adjusted assets (=assets-cash), $m39303NaN
Average production assets, $m24018NaN
Working capital, $m6051NaN
Total debt, $m1307NaN
Total liabilities, $m17077NaN
Total equity, $m25541NaN
Debt-to-equity ratio0.051NaN
Adjusted equity ratio0.566NaN

CASH FLOW

Net income, $m1147NaN
Depreciation, amort., depletion, $m1223NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m872NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-532NaN
Free cash flow, $m1404NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m6051
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN

Company description

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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