Corteva, Inc. — Intrinsic Value & Fair Price

CTVA

NYSEBasic MaterialsAgricultural InputsCIK 0001755672corteva.comAbout CTVA

Last close · Oct 16, 202612.88+0.00 (+0.00%)

Market cap$8.6B

Model value · DCF · Perpetuity growth · 5y

36.54

Corteva closed at $12.88 — undervalued by 65% vs model.

27.12the model's range75.73

DCF · Perpetuity growth · 5y leads for dividend payer — positive operating income and three years of positive free cash flow. From a five-year discounted cash flow.

Other models

4.57 – 51.60

Wall St. target

17.00 24% below

Below model, 1y

7 of 20 days

Price and model value

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What the marks mean

Daily close

Valuation models

price $12.88 · as of Oct 17, 2026

DCF · Perpetuity growth · 5yused27.12 – 75.7336.5465% undervalued DCF · Perpetuity growth · 10y24.30 – 53.6930.2557% undervalued DCF · EBITDA exit · 5y19.78 – 35.7527.0952% undervalued DCF · EBITDA exit · 10y21.05 – 32.2725.8450% undervalued P/E · peers20.91 – 54.2237.5666% undervalued P/E · own history34.08 – 56.9251.6075% undervalued PEG—4.57182% overvalued EV/EBITDA · peers—33.8362% undervalued EV/Revenue · peers8.23 – 31.3611.938% overvalued Earnings power value5.05 – 6.185.50134% overvalued Dividend discount11.17 – 28.5816.6423% undervalued Wall St. consensus target—17.0024% below Cost of capital (WACC)—7.35%—

DCF · Perpetuity growth · 5y leads for dividend payer — positive operating income and three years of positive free cash flow. How we value a stock walks through every input.

engine pkg:0.1.0

Dividends

Quarterly · as of Oct 16, 2026

Yield, trailing 12 months

5.59%

#18 · Highest dividend yield

Past 2 years

low 0.80%high 6.04%

Dividends per share, a year at a time

Dividends / free cash flow, FY2025: 16.9%
Raised: 5 years in a row
Growth, 5 yrs: 6.3% a year
Last change: +5.9% · Sep 2025

Every payment, with ex-dates · latest $0.18, paid Sep 15, 2026

Research on CTVA

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How it is valued

Valued asDividend Payer

Low/slowing growth (~1% recent)Moderate margins (6% net margin)Strong dividend yieldHighly cyclical earningsStrong FCF yield (32.8%)

What growth the price implies: the reverse DCF

Key figures

FY2025

P/E

8.1×

EV / EBITDA

2.2×

FCF yield

32.1%

Dividend yield, TTM

5.59%

Beta

0.58

Cost of capital (WACC)

7.35%

On the lists: #18 Highest dividend yield · #1 Highest free cash flow yield · #10 Lowest P/E · #1 Worst performing this year

Full financials

Superinvestors

13F · Q2 2026

Bill NygrenHarris Associates L P$1.4B BridgewaterBridgewater Associates, LP$20.6M Robert OlsteinOlstein Capital Management, L.P.$5.5M Dodge & CoxDodge & Cox$1.7M

All 4 holders

Analyst actions

third-party, quoted

10-12UBS · target15.00

10-08Goldman Sachs · target20.00

10-07Keybanc · “Overweight” from “Sector Weight”upgrade

10-07RBC Capital · target17.00

Ratings, targets and estimates

Recent

filings, insider trades and key news

10-138-K · 8.01Other Events 10-078-K · 5.02Departure/Election of Directors or Officers 10-078-K · 3.03Modification to Security-Holder Rights 10-058-K · 1.01Entry into a Material Agreement 10-018-K · 9.01Financial Statements and Exhibits 10-01Form 4 · JTITUS BRIAN · 13,315 sh@ 0.00

65 filings · 36 insider transactions

Comparable companies

by business, not by industry label

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The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just CTVA. No account.

About Corteva

Corteva, Inc. operates in the agriculture business. The company 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 founded in 1802 and is headquartered in Indianapolis, Indiana.

CEO: Charles Victor Magro
Headquarters: Indianapolis, IN
Employees: 21,500
IPO: 2019-05-24

Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.