CNH

CNH Industrial N.V.

$11.54

+2.85% 2026-10-20

IndustrialsS&P 400

1M 3M 6M 1Y 2Y

CNHSPY

-5.2%

-14.2%

+11.5%

+8.0%

YTD

+26.4%

+10.9%

Live chart

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Grades vs sector

Momentum

69th pct in sector

12-1 return: +23.7%
Percentile within its GICS sector across the S&P 1500.

Growth

15th pct in sector

D-

Revenue growth (YoY): +2.0%
Percentile within its GICS sector across the S&P 1500.

Value

29th pct in sector

D+

Forward E/P: 6.0% · EBITDA/EV: 2.7%
Percentile within its GICS sector across the S&P 1500.

Profitability

14th pct in sector

D-

Profit margin: +1.7% · Return on equity: +3.9%
Percentile within its GICS sector across the S&P 1500.

Revisions

Not enough data yet

–

EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth

not ranked (outside this model's universe or screens)

Momentum Top 15

not ranked (outside this model's universe or screens)

Momentum Blend

not in the current book

New Highs Growth

not ranked (outside this model's universe or screens)

Conviction 20

not in the current book

News

More news

CNH to announce 2026 Q3 results on November 9

GlobeNewswire · Oct 19

Australia Agricultural Equipment Market Report 2026-2031 | Precision Farming, Electrification, and Crop Exports Drive Growth to USD 2.73 Billion

GlobeNewswire · Oct 19

CNH’s AI-Powered, Data-Driven Farm Equipment Push Might Change The Case For Investing In CNH Industrial (CNH)

Simply Wall St. · Oct 15

Ag Equipment’s Recovery Trade Meets Washington’s Scrutiny

MarketBeat · Oct 13

Deere (DE) vs CNH (CNH): Is Deere’s Tech Advantage Worth Paying For?

Insider Monkey · Oct 10

Key stats

Market cap$18.6B

P/E (trailing)46.2

P/E (forward)16.8

52-week range9.00 – 14.46

Revenue growth (YoY, latest qtr)+2.0%

Dividend yield0.89%

Analyst consensusBuy (19)

Mean price target$14.25 (+24%)

Valuation and fundamentals

Valuation & fundamentals

Bottom line

Leans undervalued

Model read-out from the numbers below, not advice. Score +1 (DCF counts double).

•DCF (base case)below the price by 1%

•Forward P/E vs sector16.8x vs median 17.1x

•Piotroski F-score5/9

▲Analyst target+24% (19 analysts)

Discounted cash flow

Bear

-30%

growth -8% · disc. 11.6% · term. 2.0%

Base

$11

-1%

growth -3% · disc. 10.6% · term. 2.5%

Bull

$16

+36%

growth -0% · disc. 9.6% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal

Today's price implies shrinking cash flows: about -2% a year for 10 years.

Implied

-2%/yr

FCF, last 3 yrs

+66%/yr

FCF, last 5 yrs

-14%/yr

Revenue, last 3 yrs

-8%/yr

Revenue, last 5 yrs

+4%/yr

Same inputs as the DCF above: trailing free cash flow 1.8B, 10.6% discount rate, 2.5% growth after year 10, net cash and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.

Edit assumptions · recalculates instantly

Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.26 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Industrials

P/E (trailing)

sector median 26.4× · 87th pct

46.2×
pricier

Forward P/E

sector median 17.1× · 48th pct

16.8×
cheaper

EV / EBITDA

sector median 14.8×

–

Price / sales

sector median 2.1× · 26th pct

1.0×
cheaper

Price / book

sector median 3.5×

–

FCF yield

sector median 4.5% · 84th pct

9.6%
cheaper

Forward EPS $0.69 vs trailing $0.25 (+175% expected growth). Forward P/E uses analysts' next-12-month estimate.

Backlog (remaining performance obligations)

RPO

$141.0M

as of 2026-06-30

vs a year ago

+52%

YoY

× TTM revenue

0.01×

coverage

24-09

24-12

25-03

25-06

25-09

25-12

26-03

26-06

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin

30.6%

Operating margin

–

FCF margin

9.8%

Net margin

1.7%

Return on equity

–

Return on invested capital

–

Net debt / EBITDA

–

Current ratio

–

Interest cover

–

Cash conversion (OCF/NI)

5.7×

Piotroski F-score 5/9 · last two fiscal years

✓ Positive net income✓ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✗ Current ratio improved✓ No share dilution✗ Gross margin improved✗ Asset turnover improved

Analysts

Mean target

$14

+24%

Analysts

Buy

Range

$9–$21

low – high

● price · ◆ mean target

Annual history

FY	Revenue	Net income	Free cash flow
2025	$18.1B	$510.0M	$2.5B
2024	$19.8B	$1.2B	$2.0B
2023	$24.7B	$2.3B	$907.0M
2022	$23.6B	$2.0B	$557.0M
2021	$19.5B	$1.7B	$4.1B
2020	$14.8B	$-493.0M	$5.5B

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR -8.4%.

Earnings

Next report: 2026-11-09 · before open · EPS est 0.10

EstimateActual (beat)Actual (miss)

Report	EPS est	Actual	Surprise
2026-08-03	0.11	0.13	+22.4%
2026-04-30	–	0.01	+190.7%
2026-02-17	0.11	0.19	+74.7%
2025-11-07	0.14	0.08	-41.5%
2025-08-01	0.14	0.17	+20.6%
2025-05-01	0.10	0.10	-1.8%
2025-02-04	0.19	0.15	-20.8%
2024-11-07	0.28	0.24	-13.9%

Quarterly revenue

Quarter	Revenue	YoY
2026-06-30	$4.8B	+2.0%
2026-03-31	$3.8B	–
2025-12-31	$5.2B	–
2025-09-30	$4.4B	–
2025-06-30	$4.7B	–

Analyst actions

Barclays

2026-10-19 · main

Overweight → Overweight
PT $14

JP Morgan

2026-10-08 · main

Underweight → Underweight
PT $11

Truist Securities

2026-10-05 · main

Buy → Buy
PT $17

Evercore ISI Group

2026-09-03 · up

In-Line → Outperform
PT $18

DA Davidson

2026-08-20 · main

Neutral → Neutral
PT $12

DA Davidson

2026-08-19 · main

Neutral → Neutral
PT $12

Recent dividends

2026-05-21: $0.100 · 2025-05-21: $0.250 · 2024-05-10: $0.470 · 2023-04-24: $0.396 · 2022-04-19: $0.302 · 2021-04-19: $0.115 · 2019-04-23: $0.177 · 2018-04-23: $0.150

Stats refreshed 2026-10-20 18:03:35 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

coteau

Coteau Systematic Strategies publishes stock research and model portfolios. It doesn't manage money or give investment advice. Results are hypothetical unless marked Live. Data: Yahoo Finance (delayed) and SEC EDGAR.

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