Corteva Inc
CTVA: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$35.00 | Kvp | Gqwkhpd |
Corteva's Growing Premium Seed and Crop Protection Products Should Drive Long-Term Margin Expansion
Business Strategy and Outlook
Corteva is an agriculture pure play that was formed in 2019 when it was spun out of DowDuPont. The company is a global leader in seeds and crop protection products. In 2022, seeds and crop protection each generated around half of total company profits. Corteva develops its pipeline through the investment of around 8% of sales in research and development, which should allow sales and profits to grow from new products even as patents expire and generic products come to market.