CNH Industrial reported flat third-quarter sales of $4.4 billion amid ongoing weakness in global agricultural markets, but adjusted net income of $205 million ($0.16 EPS), up from $109 million last year. CNH announced a joint venture with Kobelco Construction Machinery and will retain a 30% stake.
CNH will keep up with technological developments in precision agriculture and narrow its performance gap versus Deere.
The company loses share because it can’t keep up as the “fast follower.”
Metric | CNH | AGCO | CAT |
|---|---|---|---|
Price/Earnings (Normalized) | 29.95 | 19.21 | 22.43 |
Price/Book Value | 2.53 | 1.92 | 12.45 |
Price/Sales | 0.84 | 0.80 | 3.49 |
Price/Cash Flow | 9.38 | 15.42 | 17.63 |
Metric | CNH | AGCO | CAT |
|---|---|---|---|
Quick Ratio | 5.99 | 0.42 | 0.80 |
Current Ratio | 7.41 | 1.32 | 1.42 |
Interest Coverage | 1.37 | 3.71 | 29.60 |
Metric | CNH | AGCO | CAT |
|---|---|---|---|
Return on Assets (Normalized) | 0.75% | 3.36% | 12.17% |
Return on Equity (Normalized) | 4.07% | 9.52% | 59.61% |
Return on Invested Capital (Normalized) | 4.10% | 6.03% | 19.56% |
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|---|---|---|---|---|---|---|
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| AGCO Corp AGCO | LOCK|Nc%>NX@ | LOCK|ng | $8B | |||
| Terex Corp TEX | LOCK|^ct#s%% | LOCK|FLfq | $6B |
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