Agco Corp

Industrials
Industrial Machinery/Components
www.agcocorp.com

Earnings Score
Moat Score
Safety Score

Market Cap $7.10B
PE -11
Debt $3.01B
Cash $562.60M
EV $9.54B
FCF $501.20M

Earnings

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Sales & Net Margins

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Earnings	-$644.90M
EBIT	-$346.30M
ROE	-17%
ROA	-3%
FCF	$501.20M
Equity	$3.81B
Growth Stability	-50%
PE	-11
PEG	-0.65
PB	1.86
P/FCF	14.16
P/S	0.66
Price/Cash	0.08
Debt/Equity	0.79
Debt/FCF	6
Net Margins	0%
Gross Margins	25%
Op. Margins	-3%
Earnings CAGR	17%
Sales Growth YoY	-30%
Sales Growth QoQ	-29%
Sales CAGR	8%
FCF CAGR	10%
Equity CAGR	4%
Earnings Stability	0.32
Earnings Growth YoY	-95%
Earnings Growth QoQ	-103%
Earnings CAGR 5Y	17%

Sales CAGR 5Y	9%
FCF CAGR 5Y	-1%
Equity CAGR 5Y	9%
Earnings CAGR 3Y	-1%
Sales CAGR 3Y	-1%
FCF CAGR 3Y	-8%
Equity CAGR 3Y	4%
Market Cap	$7.10B
Revenue	$10.78B
Dividend Yield	4%
Payout Ratio	-42%
Assets	$11.48B
Total Debt	$3.01B
Cash	$562.60M
Shares Outstanding	74.58M
EV	9.54B
Earnings Score	21%
Moat Score	18%
Safety Score	51%
Final Score	30%
Working Capital	1.83B
Current Ratio	1.53
Gross Profit	$2.65B
Shares Growth 3y	1%
Equity Growth QoQ	2%
Equity Growth YoY	-20%

Assets & ROA

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Stockholders Equity & ROE

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Agco is a global manufacturer of agricultural equipment. The company has five principal brands: Fendt, Massey Ferguson, Challenger, Valtra, and GSI. Unlike its competitors, Agco's product line extends beyond self-propelled equipment and implements by offering grain handling systems and livestock management solutions. Its products are available through a global dealer network, which includes over 3,200 dealer and distribution locations. Additionally, Agco offers both retail and wholesale financing to customers through its joint venture with Rabobank, a European food and agriculture focused bank.

SEC Filings

Direct access to Agco Corp (AGCO) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Mar 31
2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Agco Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Agco Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 17%

Stability 32%

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Agco Corp Discounted Cash Flow

Fully customizable DCF calculator online for Agco Corp .

Years

Calculation mode

= $10B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$501M	$552M	$608M	$669M	$736M	$811M	$893M	$983M	$1.1B	$1.2B	$1.3B	$13B
DCF		$502M	$502M	$503M	$503M	$503M	$504M	$504M	$505M	$505M	$506M	$5.1B
Value	$10B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	4%	2%	2%	3%	1%	5%	8%	7%	8%	-4%	0%
ROA	-	4%	5%	6%	4%	7%	11%	13%	15%	-1%	-3%
ROE	-	6%	6%	9%	4%	14%	26%	23%	25%	-13%	-17%

Bad Net Margins (0.42%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	10.57	4.84	4.19	3.18	3.05	3.85	3.66	2.38	10.02	6
Debt over Equity	0.46	0.63	0.58	0.55	0.46	0.63	0.44	0.42	0.3	0.79	0.79
Growth Stability	-	-	-	100%	58%	100%	100%	100%	100%	-50%	-50%

Bad Debt/FCF ratio (6)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.79)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-50%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	-1%	12%	13%	-3%	1%	22%	14%	14%	-19%	9%
Earnings YoY growth	-	-39%	16%	52%	-57%	242%	114%	-2%	34%	-141%	17%
Equity YoY growth	-	-2%	9%	-3%	-3%	4%	14%	13%	20%	-20%	9%
FCF YoY growth	-	-46%	122%	5%	8%	48%	-38%	15%	30%	-49%	-1%