Intrinsic value of AGCO - AGCO

Previous Close

$57.40

  Intrinsic Value

$186.35

stock screener

  Rating & Target

str. buy

+225%

Previous close

$57.40

 
Intrinsic value

$186.35

 
Up/down potential

+225%

 
Rating

str. buy

We calculate the intrinsic value of AGCO stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 4.5

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  17.20
  15.98
  14.88
  13.89
  13.00
  12.20
  11.48
  10.84
  10.25
  9.73
  9.25
  8.83
  8.45
  8.10
  7.79
  7.51
  7.26
  7.03
  6.83
  6.65
  6.48
  6.33
  6.20
  6.08
  5.97
  5.88
  5.79
  5.71
  5.64
  5.57
Revenue, $m
  9,735
  11,291
  12,971
  14,773
  16,695
  18,732
  20,883
  23,146
  25,519
  28,001
  30,592
  33,293
  36,105
  39,029
  42,070
  45,230
  48,514
  51,927
  55,474
  59,162
  62,998
  66,989
  71,143
  75,470
  79,978
  84,677
  89,578
  94,693
  100,032
  105,608
Variable operating expenses, $m
  8,442
  9,756
  11,175
  12,697
  14,320
  16,041
  17,858
  19,769
  21,773
  23,869
  25,839
  28,120
  30,495
  32,965
  35,534
  38,203
  40,977
  43,859
  46,855
  49,970
  53,210
  56,581
  60,090
  63,744
  67,551
  71,521
  75,660
  79,980
  84,490
  89,200
Fixed operating expenses, $m
  695
  710
  726
  742
  758
  775
  792
  809
  827
  845
  864
  883
  902
  922
  942
  963
  984
  1,006
  1,028
  1,051
  1,074
  1,098
  1,122
  1,146
  1,172
  1,197
  1,224
  1,251
  1,278
  1,306
Total operating expenses, $m
  9,137
  10,466
  11,901
  13,439
  15,078
  16,816
  18,650
  20,578
  22,600
  24,714
  26,703
  29,003
  31,397
  33,887
  36,476
  39,166
  41,961
  44,865
  47,883
  51,021
  54,284
  57,679
  61,212
  64,890
  68,723
  72,718
  76,884
  81,231
  85,768
  90,506
Operating income, $m
  599
  825
  1,070
  1,334
  1,617
  1,917
  2,234
  2,568
  2,919
  3,286
  3,889
  4,290
  4,707
  5,142
  5,594
  6,064
  6,553
  7,062
  7,591
  8,141
  8,714
  9,310
  9,932
  10,579
  11,254
  11,959
  12,694
  13,462
  14,264
  15,102
EBITDA, $m
  1,049
  1,312
  1,598
  1,905
  2,232
  2,581
  2,949
  3,337
  3,744
  4,170
  4,616
  5,081
  5,565
  6,069
  6,594
  7,139
  7,706
  8,296
  8,909
  9,547
  10,211
  10,902
  11,622
  12,372
  13,155
  13,971
  14,822
  15,712
  16,641
  17,611
Interest expense (income), $m
  0
  94
  140
  190
  244
  301
  363
  429
  498
  570
  647
  726
  810
  896
  987
  1,081
  1,178
  1,280
  1,386
  1,495
  1,609
  1,728
  1,851
  1,979
  2,113
  2,252
  2,396
  2,547
  2,705
  2,869
  3,041
Earnings before tax, $m
  505
  685
  881
  1,091
  1,315
  1,553
  1,805
  2,070
  2,348
  2,639
  3,163
  3,480
  3,811
  4,155
  4,513
  4,886
  5,273
  5,676
  6,096
  6,532
  6,986
  7,460
  7,953
  8,467
  9,003
  9,562
  10,147
  10,757
  11,394
  12,061
Tax expense, $m
  136
  185
  238
  295
  355
  419
  487
  559
  634
  713
  854
  940
  1,029
  1,122
  1,219
  1,319
  1,424
  1,533
  1,646
  1,764
  1,886
  2,014
  2,147
  2,286
  2,431
  2,582
  2,740
  2,904
  3,077
  3,257
Net income, $m
  369
  500
  643
  796
  960
  1,134
  1,318
  1,511
  1,714
  1,927
  2,309
  2,540
  2,782
  3,033
  3,295
  3,567
  3,849
  4,144
  4,450
  4,768
  5,100
  5,445
  5,805
  6,181
  6,572
  6,981
  7,407
  7,852
  8,318
  8,805

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  9,343
  10,836
  12,448
  14,178
  16,022
  17,977
  20,041
  22,213
  24,490
  26,872
  29,359
  31,951
  34,649
  37,456
  40,374
  43,407
  46,559
  49,834
  53,238
  56,778
  60,459
  64,289
  68,276
  72,428
  76,754
  81,264
  85,968
  90,876
  96,000
  101,352
Adjusted assets (=assets-cash), $m
  9,343
  10,836
  12,448
  14,178
  16,022
  17,977
  20,041
  22,213
  24,490
  26,872
  29,359
  31,951
  34,649
  37,456
  40,374
  43,407
  46,559
  49,834
  53,238
  56,778
  60,459
  64,289
  68,276
  72,428
  76,754
  81,264
  85,968
  90,876
  96,000
  101,352
Revenue / Adjusted assets
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
  1.042
Average production assets, $m
  2,891
  3,353
  3,852
  4,388
  4,958
  5,563
  6,202
  6,874
  7,579
  8,316
  9,086
  9,888
  10,723
  11,592
  12,495
  13,433
  14,409
  15,422
  16,476
  17,571
  18,710
  19,896
  21,130
  22,414
  23,753
  25,149
  26,605
  28,124
  29,709
  31,366
Working capital, $m
  847
  982
  1,128
  1,285
  1,452
  1,630
  1,817
  2,014
  2,220
  2,436
  2,661
  2,896
  3,141
  3,396
  3,660
  3,935
  4,221
  4,518
  4,826
  5,147
  5,481
  5,828
  6,189
  6,566
  6,958
  7,367
  7,793
  8,238
  8,703
  9,188
Total debt, $m
  2,584
  3,510
  4,510
  5,582
  6,725
  7,937
  9,217
  10,564
  11,975
  13,452
  14,994
  16,601
  18,274
  20,014
  21,824
  23,704
  25,658
  27,689
  29,799
  31,994
  34,276
  36,651
  39,123
  41,697
  44,379
  47,175
  50,092
  53,135
  56,312
  59,630
Total liabilities, $m
  5,793
  6,718
  7,718
  8,790
  9,933
  11,146
  12,426
  13,772
  15,184
  16,661
  18,202
  19,810
  21,483
  23,223
  25,032
  26,913
  28,867
  30,897
  33,008
  35,202
  37,484
  39,859
  42,331
  44,905
  47,587
  50,384
  53,300
  56,343
  59,520
  62,838
Total equity, $m
  3,550
  4,118
  4,730
  5,388
  6,088
  6,831
  7,616
  8,441
  9,306
  10,211
  11,156
  12,141
  13,167
  14,233
  15,342
  16,495
  17,692
  18,937
  20,231
  21,576
  22,974
  24,430
  25,945
  27,523
  29,166
  30,880
  32,668
  34,533
  36,480
  38,514
Total liabilities and equity, $m
  9,343
  10,836
  12,448
  14,178
  16,021
  17,977
  20,042
  22,213
  24,490
  26,872
  29,358
  31,951
  34,650
  37,456
  40,374
  43,408
  46,559
  49,834
  53,239
  56,778
  60,458
  64,289
  68,276
  72,428
  76,753
  81,264
  85,968
  90,876
  96,000
  101,352
Debt-to-equity ratio
  0.730
  0.850
  0.950
  1.040
  1.100
  1.160
  1.210
  1.250
  1.290
  1.320
  1.340
  1.370
  1.390
  1.410
  1.420
  1.440
  1.450
  1.460
  1.470
  1.480
  1.490
  1.500
  1.510
  1.520
  1.520
  1.530
  1.530
  1.540
  1.540
  1.550
Adjusted equity ratio
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  369
  500
  643
  796
  960
  1,134
  1,318
  1,511
  1,714
  1,927
  2,309
  2,540
  2,782
  3,033
  3,295
  3,567
  3,849
  4,144
  4,450
  4,768
  5,100
  5,445
  5,805
  6,181
  6,572
  6,981
  7,407
  7,852
  8,318
  8,805
Depreciation, amort., depletion, $m
  450
  487
  527
  570
  616
  664
  715
  769
  825
  884
  727
  791
  858
  927
  1,000
  1,075
  1,153
  1,234
  1,318
  1,406
  1,497
  1,592
  1,690
  1,793
  1,900
  2,012
  2,128
  2,250
  2,377
  2,509
Funds from operations, $m
  819
  988
  1,170
  1,366
  1,576
  1,798
  2,033
  2,280
  2,540
  2,811
  3,036
  3,331
  3,640
  3,960
  4,294
  4,641
  5,002
  5,378
  5,768
  6,174
  6,597
  7,037
  7,496
  7,974
  8,472
  8,992
  9,535
  10,102
  10,695
  11,314
Change in working capital, $m
  124
  135
  146
  157
  167
  177
  187
  197
  206
  216
  225
  235
  245
  254
  265
  275
  286
  297
  309
  321
  334
  347
  361
  376
  392
  409
  426
  445
  465
  485
Cash from operations, $m
  695
  852
  1,024
  1,210
  1,409
  1,621
  1,846
  2,083
  2,333
  2,595
  2,810
  3,097
  3,395
  3,706
  4,030
  4,366
  4,716
  5,081
  5,459
  5,853
  6,263
  6,690
  7,134
  7,597
  8,080
  8,584
  9,109
  9,657
  10,230
  10,829
Maintenance CAPEX, $m
  -197
  -231
  -268
  -308
  -351
  -397
  -445
  -496
  -550
  -606
  -665
  -727
  -791
  -858
  -927
  -1,000
  -1,075
  -1,153
  -1,234
  -1,318
  -1,406
  -1,497
  -1,592
  -1,690
  -1,793
  -1,900
  -2,012
  -2,128
  -2,250
  -2,377
New CAPEX, $m
  -425
  -462
  -499
  -535
  -571
  -605
  -639
  -672
  -705
  -737
  -770
  -802
  -835
  -869
  -903
  -939
  -975
  -1,014
  -1,054
  -1,095
  -1,139
  -1,185
  -1,234
  -1,285
  -1,339
  -1,396
  -1,456
  -1,519
  -1,586
  -1,656
Cash from investing activities, $m
  -622
  -693
  -767
  -843
  -922
  -1,002
  -1,084
  -1,168
  -1,255
  -1,343
  -1,435
  -1,529
  -1,626
  -1,727
  -1,830
  -1,939
  -2,050
  -2,167
  -2,288
  -2,413
  -2,545
  -2,682
  -2,826
  -2,975
  -3,132
  -3,296
  -3,468
  -3,647
  -3,836
  -4,033
Free cash flow, $m
  73
  159
  257
  366
  487
  619
  762
  915
  1,078
  1,252
  1,375
  1,568
  1,769
  1,979
  2,199
  2,428
  2,666
  2,914
  3,172
  3,440
  3,718
  4,008
  4,309
  4,622
  4,948
  5,288
  5,641
  6,010
  6,395
  6,796
Issuance/(repayment) of debt, $m
  850
  926
  1,000
  1,072
  1,143
  1,212
  1,280
  1,346
  1,412
  1,477
  1,542
  1,607
  1,673
  1,740
  1,809
  1,880
  1,954
  2,031
  2,111
  2,194
  2,282
  2,375
  2,472
  2,574
  2,682
  2,796
  2,916
  3,043
  3,177
  3,318
Issuance/(repurchase) of shares, $m
  152
  67
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  1,002
  993
  1,000
  1,072
  1,143
  1,212
  1,280
  1,346
  1,412
  1,477
  1,542
  1,607
  1,673
  1,740
  1,809
  1,880
  1,954
  2,031
  2,111
  2,194
  2,282
  2,375
  2,472
  2,574
  2,682
  2,796
  2,916
  3,043
  3,177
  3,318
Total cash flow (excl. dividends), $m
  1,075
  1,152
  1,257
  1,439
  1,630
  1,831
  2,042
  2,261
  2,490
  2,729
  2,917
  3,175
  3,442
  3,720
  4,008
  4,309
  4,620
  4,945
  5,283
  5,634
  6,001
  6,382
  6,781
  7,196
  7,630
  8,084
  8,558
  9,053
  9,571
  10,114
Retained Cash Flow (-), $m
  -521
  -567
  -613
  -657
  -701
  -743
  -784
  -825
  -865
  -905
  -945
  -985
  -1,025
  -1,067
  -1,109
  -1,152
  -1,198
  -1,245
  -1,294
  -1,345
  -1,399
  -1,455
  -1,515
  -1,578
  -1,644
  -1,714
  -1,787
  -1,865
  -1,947
  -2,034
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  555
  584
  644
  781
  930
  1,088
  1,257
  1,436
  1,625
  1,823
  1,972
  2,190
  2,417
  2,653
  2,900
  3,156
  3,423
  3,700
  3,989
  4,289
  4,602
  4,927
  5,266
  5,619
  5,986
  6,370
  6,770
  7,188
  7,624
  8,080
Discount rate, %
  4.90
  5.15
  5.40
  5.67
  5.96
  6.25
  6.57
  6.89
  7.24
  7.60
  7.98
  8.38
  8.80
  9.24
  9.70
  10.19
  10.70
  11.23
  11.79
  12.38
  13.00
  13.65
  14.33
  15.05
  15.80
  16.59
  17.42
  18.29
  19.21
  20.17
PV of cash for distribution, $m
  529
  528
  550
  627
  696
  756
  806
  843
  866
  876
  847
  834
  807
  770
  723
  668
  608
  545
  480
  415
  353
  295
  242
  194
  153
  118
  89
  65
  47
  33
Current shareholders' claim on cash, %
  96.8
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6
  95.6

AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems. The Company's segments are North America, South America, Europe/Middle East, and Asia/Pacific/Africa. The Company's products are marketed under various brands, including Challenger, Fendt, GSI, Massey Ferguson and Valtra. As of December 31, 2016, the Company distributed its products through over 3,000 independent dealers and distributors in more than 150 countries. In addition, the Company also provides retail and wholesale financing through its finance joint ventures with Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank). The Company's AGCO Power engines division produces diesel engines, gears and generating sets.

FINANCIAL RATIOS  of  AGCO (AGCO)

Valuation Ratios
P/E Ratio 28.5
Price to Sales 0.6
Price to Book 1.6
Price to Tangible Book
Price to Cash Flow 12.3
Price to Free Cash Flow 27
Growth Rates
Sales Growth Rate -0.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -4.7%
Cap. Spend. - 3 Yr. Gr. Rate -12.5%
Financial Strength
Quick Ratio 5
Current Ratio 0.2
LT Debt to Equity 58%
Total Debt to Equity 61.1%
Interest Coverage 0
Management Effectiveness
Return On Assets 2.3%
Ret/ On Assets - 3 Yr. Avg. 3.8%
Return On Total Capital 3.7%
Ret/ On T. Cap. - 3 Yr. Avg. 6.1%
Return On Equity 5.7%
Return On Equity - 3 Yr. Avg. 8.4%
Asset Turnover 1.1
Profitability Ratios
Gross Margin 20.5%
Gross Margin - 3 Yr. Avg. 20.9%
EBITDA Margin 6.5%
EBITDA Margin - 3 Yr. Avg. 7.4%
Operating Margin 3.9%
Oper. Margin - 3 Yr. Avg. 5.1%
Pre-Tax Margin 2.8%
Pre-Tax Margin - 3 Yr. Avg. 4%
Net Profit Margin 2.2%
Net Profit Margin - 3 Yr. Avg. 3.3%
Effective Tax Rate 44.9%
Eff/ Tax Rate - 3 Yr. Avg. 35.2%
Payout Ratio 26.9%

AGCO stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the AGCO stock intrinsic value calculation we used $8306.5 million for the last fiscal year's total revenue generated by AGCO. The default revenue input number comes from 0001 income statement of AGCO. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our AGCO stock valuation model: a) initial revenue growth rate of 17.2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.9%, whose default value for AGCO is calculated based on our internal credit rating of AGCO, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of AGCO.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of AGCO stock the variable cost ratio is equal to 87.1%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $680 million in the base year in the intrinsic value calculation for AGCO stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for AGCO.

Corporate tax rate of 27% is the nominal tax rate for AGCO. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the AGCO stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for AGCO are equal to 29.7%.

Life of production assets of 12.5 years is the average useful life of capital assets used in AGCO operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for AGCO is equal to 8.7%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $3029.6 million for AGCO - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 79.119 million for AGCO is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of AGCO at the current share price and the inputted number of shares is $4.5 billion.

RELATED COMPANIES Price Int.Val. Rating
ARTW Art's Way 2.34 0.93  str.sell
LNN Lindsay 97.97 36.41  str.sell

COMPANY NEWS

▶ Agco: 3Q Earnings Snapshot   [07:51AM  Associated Press]
▶ AGCO Reports Third Quarter Results   [07:45AM  Business Wire]
▶ AGCO Announces Quarterly Dividend   [Oct-25-18 02:45PM  Business Wire]
▶ AGCO Launches AGCO Agriculture Foundation   [Sep-18-18 09:00AM  Business Wire]
▶ Agco: 2Q Earnings Snapshot   [07:59AM  Associated Press]
▶ AGCO Reports Improved Second Quarter Results   [07:45AM  Business Wire]
▶ AGCO Announces Quarterly Dividend   [Jul-26-18 03:30PM  Business Wire]
▶ AGCO Corp. - I'm Not Ready to Become a Buyer   [May-02-18 12:49PM  TheStreet.com]
▶ Agco: 1Q Earnings Snapshot   [08:03AM  Associated Press]
▶ AGCO Reports Improved First Quarter Results   [07:30AM  Business Wire]
▶ AGCO Announces Quarterly Dividend   [Apr-26-18 05:00PM  Business Wire]
▶ AGCO Power Celebrates its 75th Anniversary   [Apr-19-18 03:00AM  Business Wire]
▶ AGCOs Brands Win Red Dot Design Award 2018   [Apr-09-18 03:00AM  Business Wire]
▶ Company News For Feb 7, 2018   [09:13AM  Zacks]
▶ Agco misses 4Q profit forecasts   [08:01AM  Associated Press]
▶ AGCO Reports Fourth Quarter Results   [07:45AM  Business Wire]
▶ AGCO Announces Dividend Increase   [Jan-25-18 08:45PM  Business Wire]
▶ ETFs with exposure to AGCO Corp. : December 29, 2017   [Dec-29-17 11:26AM  Capital Cube]
▶ AGCO to Host Analyst Meeting   [Dec-04-17 04:15PM  Business Wire]
▶ Stocks Showing Improved Relative Strength: AGCO   [03:00AM  Investor's Business Daily]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.