CF Industries Holdings, Inc. (CF) vs Corteva, Inc. (CTVA)

CF Industries Holdings, Inc. and Corteva, Inc. are both Agricultural Inputs companies. CF Industries Holdings, Inc. is the larger, with a market value of $18.1B against $8.6B — 2.1× the size. Corteva, Inc. trades at the lower P/E: 8.5× against 8.9×. CF Industries Holdings, Inc. grew revenue faster over the last twelve months: 20.0% against 3.70%. CF Industries Holdings, Inc. has the higher net margin (27.1% vs 5.66%) and the higher return on invested capital (20.6% vs 3.94%). Both pay a dividend; Corteva, Inc. yields more (5.59% vs 1.74%). Across the 23 metrics below, CF Industries Holdings, Inc. leads on 13 and Corteva, Inc. on 10.

Valuation

Metric CF CTVA Agricultural Inputs median
P/E 8.94 8.53 11.68
P/S 2.40 0.48 0.66
P/B 2.08 0.34 0.51
Price to free cash flow 9.71 13.07 10.89
EV/EBITDA 4.87 3.71 5.64
EV/Sales 2.56 0.62 0.84
Earnings yield 11.19% 11.72% 0.00%
Free cash flow yield 10.29% 7.65% 4.69%

Profitability

Metric CF CTVA Agricultural Inputs median
Gross margin 42.49% 49.54% 30.83%
Operating margin 41.10% 9.87% 0.30%
Net margin 27.12% 5.66% (7.81%)
Free cash flow margin 24.69% 3.70% 1.46%
Return on equity 25.08% 3.91% (2.64%)
Return on assets 14.55% 2.42% (5.16%)
Return on invested capital 20.59% 3.94% 0.00%

Growth

Metric CF CTVA Agricultural Inputs median
Revenue growth (TTM) 20.04% 3.70% 8.74%
EPS growth (last fiscal year) 33.09% 23.08% 33.58%
Revenue growth, 5-year CAGR 11.43% 4.12% 3.77%
Net income growth, 5-year CAGR 35.63% 9.94% 0.00%

Health

Metric CF CTVA Agricultural Inputs median
Debt to equity 0.36 0.19 0.47
Current ratio 4.86 1.52 1.55
Net debt to EBITDA 0.39 (0.63) 0.16

Dividend

Metric CF CTVA Agricultural Inputs median
Dividend yield 1.74% 5.59% 4.68%
Payout ratio 0.16 0.48 0.67

Size

Metric CF CTVA Agricultural Inputs median
Market cap 18.13b 8.59b 235.56m

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