Morningstar

CNH Industrial NV CNH

Morningstar Rating
Unlock
Stock XNYS Rating as of
$10.68 +0.08 (0.75%)
View Full Chart
As of Cboe BZX Real-Time Price Closed

Company Report

View Archive

Fast Follower CNH Industrial to Benefit From Precision Agriculture

George Maglares

CNH Industrial has a somewhat complicated history dating back to 2013 when the legacy Case New Holland business was combined with the nonautomotive activities of Italy’s Fiat Group to form CNH Industrial. After the pandemic, CNH’s management decided to further separate the company’s off-road and on-road assets. This resulted in the 2022 demerger of Iveco Group, which represented the remaining “on-road” commercial vehicle and powertrain assets. Remaining CNH Industrial is now focused on its agriculture business (most of its industrial sales), construction, and the captive finance subsidiary. Management is also exploring construction options, which are subscale and weigh on group returns.

Read Full Report

Price vs Fair Value

View History
CNH is trading at a 399% premium.
Price
$10.60
Fair Value
$31.50
Uncertainty
Yqrltx
1-Star Price
$57.48
5-Star Price
$16.63
Economic Moat
Zgcnnl
Capital Allocation
Kxkdmfcj

Bulls Say, Bears Say

Bulls

CNH will keep up with technological developments in precision agriculture and narrow its performance gap versus Deere.

Bears

The company loses share because it can’t keep up as the “fast follower.”

Show More

News

View All

Articles & Videos

Trading Information

Previous Close Price
$10.60
Day Range
$10.68–11.05
52-Week Range
$9.00–14.26
Bid/Ask
$10.58 / $11.34
Shares Outstanding
1.24B
Market Cap
$13.31B
Volume/Avg
6M / 15M

Key Statistics

Price/Earnings (Normalized)
23.58
Price/Sales
0.73
Dividend Yield (Trailing)
0.93%
Dividend Yield (Forward)
0.93%
Total Yield
1.86%

Company Profile

CNH Industrial is the world’s second largest manufacturer of agricultural machinery (82% of industrial net sales) as well as a major player in construction equipment (18% of industrial net sales). Its Case and New Holland brands have served farmers for generations. Geographically, agricultural sales are 40% in North America, 32% in Europe, the Middle East, and Africa, 18% in South America, and 10% in Asia-Pacific. CNH’s products are available through a robust independent dealer network, which includes over 2,600 dealer and distribution locations and reach into 164 countries. The construction business leverages over 400 dealers. The company’s captive finance arm provides retail financing to its customers and wholesale financing to dealers to maintain inventory, thereby supporting sales.
Sector
Industrials
Industry
Farm & Heavy Construction Machinery
Stock Style Box
Small Core
Total Number of Employees
34,197
Website
https://www.cnh.com

Competitors

Valuation

View More
Metric
CNH
AGCO
CAT
Price/Earnings (Normalized)
 23.5819.3644.70
Price/Book Value
 1.691.9022.48
Price/Sales
 0.730.806.04
Price/Cash Flow
 7.6615.3232.27
Price/Earnings
CNH
AGCO
CAT

Financial Strength

Metric
CNH
AGCO
CAT
Quick Ratio
 5.780.430.72
Current Ratio
 7.191.291.35
Interest Coverage
 1.325.8924.43
Quick Ratio
CNH
AGCO
CAT

Profitability

Metric
CNH
AGCO
CAT
Return on Assets (Normalized)
 2.44%3.57%10.32%
Return on Equity (Normalized)
 13.47%10.22%49.08%
Return on Invested Capital (Normalized)
 5.99%6.50%16.34%
Return on Assets
CNH
AGCO
CAT

Farm & Heavy Construction Machinery Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Caterpillar Inc
CAT
YtpkztjmWrfl$419B
 Deere & Co
DE
ZsvsjyxzYwb$156B
 Volvo AB Class B
VOLVF
—Cdfdnv$68B
 Volvo AB Class A
VOLAF
—Kqsmxb$68B
 Volvo AB ADR
VLVLY
—Kfxbgq$68B
 PACCAR Inc
PCAR
LntglwdcjJdjdrj$62B
 Oshkosh Corp
OSK
LkhstlygKtgjkzc$8B
 AGCO Corp
AGCO
TgphwhpgzNfv$8B
 Terex Corp
TEX
DmqpwsdvDjfczn$7B

Sponsor Center