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CNH Industrial NV CNH

Morningstar Rating
$10.44 +0.04 (0.38%)
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Company Report

Management Lowers Ag Guidance for 2024 as Ag Demand Continues to Normalize

CNH Industrial provides customers with an extensive portfolio of off-highway products. We believe it will continue to be a top-two player in the agriculture industry. For generations, the company’s agriculture equipment has garnered intense brand loyalty among farmers. Customers value CNH’s high-quality and strong-performing products, in addition to its robust dealer network. In developed markets, CNH helps customers reduce the total cost of ownership through improved fuel efficiency, limited machine downtime, and consistent parts availability.

Price vs Fair Value

CNH is trading at a 838% premium.
Price
$10.44
Fair Value
$12.30
Uncertainty
High
1-Star Price
$83.11
5-Star Price
$5.24
Economic Moat
Xhvdw
Capital Allocation
Zktnkwn

Bulls Say, Bears Say

Bulls

Higher crop prices increase farmers’ profitability, allowing them to purchase new agriculture equipment, which substantially boosts CNH's revenue growth.

Bears

China could pull back on agriculture imports, weakening global demand for crops. The fallout would lead to lower crop prices, largely due to higher supplies, pushing farmers to delay equipment purchases.

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News

Trading Information

Previous Close Price
$10.40
Day Range
$10.2110.46
52-Week Range
$9.7715.74
Bid/Ask
$10.37 / $10.41
Market Cap
$13.13 Bil
Volume/Avg
2 / 9.4 Mil

Key Statistics

Price/Earnings (Normalized)
6.16
Price/Sales
0.57
Dividend Yield (Trailing)
4.50%
Dividend Yield (Forward)
4.50%
Total Yield
13.35%

Company Profile

CNH Industrial is a global manufacturer of heavy machinery, with a range of products including agricultural and construction equipment. One of its most recognizable brands, Case IH, has served farmers for generations. The company's products are available through a robust dealer network, which includes over 3,600 dealer and distribution locations worldwide. CNH’s finance arm provides retail financing for equipment to its customers in addition to wholesale financing for dealers, which increases the likelihood of product sales.
Sector
Industrials
Industry
Farm & Heavy Construction Machinery
Stock Style Box
Mid Value
Total Number of Employees
40,220

Competitors

Valuation

Metric
CNH
DE
CAT
Price/Earnings (Normalized)
6.1611.6814.72
Price/Book Value
1.664.618.94
Price/Sales
0.571.872.44
Price/Cash Flow
4.989.3312.58
Price/Earnings
CNH
DE
CAT

Financial Strength

Metric
CNH
DE
CAT
Quick Ratio
5.291.800.73
Current Ratio
6.612.011.35
Interest Coverage
2.694.9526.54
Quick Ratio
CNH
DE
CAT

Profitability

Metric
CNH
DE
CAT
Return on Assets (Normalized)
5.17%9.09%13.02%
Return on Equity (Normalized)
29.09%41.64%59.16%
Return on Invested Capital (Normalized)
10.13%13.75%19.73%
Return on Assets
CNH
DE
CAT
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