Corteva, Inc. Financial Ratios — CTVA Stock

Profitability (USD)

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	-13.57	-1.94	2.77	7.01	4.53	2.92	3.72	4.56
Return on Assets (%)	- -	- -	-9.32	-1.27	1.6	4.14	2.7	1.72	2.16	2.62
Return on Capital (%)	- -	- -	- -	- -	- -	6.7	4.49	3.38	3.86	4.51
Return on Invested Capital (%)	- -	- -	- -	- -	- -	3.86	6.14	6.66	5.21	6.97
Gross Margin (%)	40.24	41	30.37	38.07	40.16	41.11	40.21	42.41	43.64	47.29
EBITDA Margin (%)	6.31	1.32	16.39	15.77	14.21	16.35	18.05	19.28	19.65	21.96
Operating Margin (%)	6.31	1.32	-3.14	4.22	5.93	8.41	11.05	12.25	12.4	15.05
Incremental Operating Margin (%)	- -	-350.75	- -	-234.01	69.81	32.96	33.94	-79.48	4.4	106.09
Pretax Margin (%)	1.84	-2.63	-47.64	-2.28	4.75	14.99	8.17	6.35	7.54	9.7
Profit Margin (%)	3.58	17.79	-35.45	-6.93	4.79	11.24	6.57	4.27	5.36	6.29
Net Income to Common Margin (%)	3.58	17.79	-35.45	-6.93	4.79	11.24	6.57	4.27	5.36	6.29
Effective Tax Rate (%)	- -	- -	- -	- -	- -	22.34	14.73	13.91	32.31	28.67
Dvd Payout Ratio (%)	- -	- -	-41.65	-202.78	50	21.67	34.07	46.07	52.34	39.09
Sustainable Growth Rate (%)	- -	- -	-19.22	-5.87	1.39	5.49	2.98	1.58	1.77	2.78

Credit (USD)

API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	- -	7,938	122	1,105	1,117	1,307	2,489	2,703	2,580
ST Debt	- -	- -	2,154	7	3	17	24	198	750	894
LT Debt	- -	- -	5,784	115	1,102	1,100	1,283	2,291	1,953	1,686
Total Debt/EBITDA	- -	- -	3.39	0.06	0.55	0.44	0.41	0.75	0.81	0.68
Net Debt/EBITDA	- -	- -	2.38	-0.75	-1.2	-1.31	-0.6	-0.05	-0.12	-0.51
Total Debt/EBIT	- -	- -	-17.72	0.21	1.31	0.85	0.68	1.18	1.29	0.99
Net Debt/EBIT	- -	- -	-12.45	-2.82	-2.87	-2.54	-0.98	-0.07	-0.19	-0.74
EBITDA to Interest Expense	8.77	2.54	6.95	16.05	44.89	85.33	39.89	14.25	14.26	21.23
EBITDA-CapEx/Interest Expense	8.77	2.54	6.95	16.05	44.89	85.33	39.89	14.25	14.26	21.23
EBIT to Interest Expense	8.77	2.54	-1.33	4.29	18.73	43.9	24.41	9.06	9	14.55
Interest Expense	101	74	337	136	45	30	79	233	233	180
Common Equity/Total Assets	- -	- -	68.7	57.34	58.21	59.95	59.37	58.23	58.27	56.35
Long-Term Debt/Equity (%)	- -	- -	7.7	0.47	4.4	4.29	5.02	9.06	8.13	6.91
Long-Term Debt/Capital (%)	- -	- -	6.96	0.47	4.21	4.11	4.78	8.25	7.31	6.25
Long-Term Debt/Total Assets (%)	- -	- -	5.32	0.27	2.58	2.6	3.01	5.33	4.78	3.94
Total Debt/Equity (%)	- -	- -	10.56	0.5	4.41	4.36	5.12	9.85	11.25	10.58
Total Debt/Capital (%)	- -	- -	9.55	0.49	4.22	4.18	4.87	8.96	10.11	9.57
Total Debt/Total Assets (%)	- -	- -	7.3	0.29	2.59	2.64	3.07	5.79	6.62	6.02
Net Debt to Equity	- -	- -	7.42	-6.7	-9.66	-13.04	-7.39	-0.62	-1.68	-7.96
Net Debt/Capital (%)	- -	- -	6.9	-7.18	-10.69	-15	-7.98	-0.62	-1.71	-8.65
EBITDA	886	188	2,342	2,183	2,020	2,560	3,151	3,321	3,323	3,822
EBITDA-CapEx	886	188	2,342	2,183	2,020	2,560	3,151	3,321	3,323	3,822
Operating Income (Loss)	886	188	-448	584	843	1,317	1,928	2,110	2,096	2,619

Liquidity (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	0.17	0.21	0.44	0.48	0.31	0.26	0.31	0.37
Current Ratio	- -	- -	1.73	1.64	1.73	1.63	1.56	1.56	1.45	1.43
Quick Ratio	- -	- -	0.57	0.89	1.02	0.98	0.84	0.79	0.85	0.9
CFO/Avg Current Liab	- -	- -	0.07	0.1	0.25	0.3	0.09	0.17	0.21	0.3
Common Equity/Total Assets	- -	- -	68.7	57.34	58.21	59.95	59.37	58.23	58.27	56.35
Long-Term Debt/Equity (%)	- -	- -	7.7	0.47	4.4	4.29	5.02	9.06	8.13	6.91
Long-Term Debt/Capital (%)	- -	- -	6.96	0.47	4.21	4.11	4.78	8.25	7.31	6.25
Long-Term Debt/Total Assets (%)	- -	- -	5.32	0.27	2.58	2.6	3.01	5.33	4.78	3.94
Total Debt/Equity (%)	- -	- -	10.56	0.5	4.41	4.36	5.12	9.85	11.25	10.58
Total Debt/Capital (%)	- -	- -	9.55	0.49	4.22	4.18	4.87	8.96	10.11	9.57
Total Debt/Total Assets (%)	- -	- -	7.3	0.29	2.59	2.64	3.07	5.79	6.62	6.02
CFO/Total Liabilities	- -	- -	1.44	6	11.74	16.31	5.11	9.98	12.77	18.45
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	- -	0.28	1.78	2.11	2.49	2.82	2.51	2.77	2.8

Working Capital (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	- -	7.83	3.52	3.56	4.35	4.53	4.01	3.78	3.61
Days Sales Outstanding	- -	- -	46.61	103.78	102.42	83.88	80.53	91.01	96.54	101.2
Inventory Turnover	- -	- -	3.75	1.66	1.72	1.83	1.74	1.45	1.55	1.65
Days Inventory Outstanding	- -	- -	97.41	220.11	212.68	199.17	209.69	252.23	236.16	220.84
Accounts Payable Turnover	- -	- -	11.73	2.63	2.28	2.46	2.68	2.18	1.94	2.23
Accounts Payable Turnover Days	- -	- -	31.12	138.66	159.79	148.43	136.43	167.31	188.32	163.68
Cash Conversion Cycle	- -	- -	112.9	185.23	155.32	134.62	153.79	175.92	144.39	158.36
Inventory to Cash Days	- -	- -	-50.8	-116.32	-110.26	-115.29	-129.17	-161.22	-139.63	-119.64
Inventories	- -	- -	5,310	5,032	4,882	5,180	6,811	6,899	5,432	5,667
Raw Materials	- -	- -	467	498	485	607	862	851	486	435
Work In Process	- -	- -	1,821	1,850	1,813	2,076	2,689	2,775	2,297	2,276
Finished Goods	- -	- -	3,022	2,684	2,584	2,497	3,260	3,273	2,649	2,956
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	22,128	28,787	34,350	41,935	33,604	39,051	45,055
- Cash & Cash Equivalents	- -	- -	2,270	1,764	3,526	4,459	3,191	2,644	3,106	4,521
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	493	246	239	239	239	242	241	242
+ Total Debt	- -	- -	7,938	122	1,105	1,117	1,307	2,489	2,703	2,580
Enterprise Value	- -	- -	6,156	20,727	26,336	31,161	40,166	33,593	38,826	43,347
Total Capital	- -	- -	83,091	24,677	26,168	26,740	26,848	27,768	26,733	26,966
Total Debt/Capital (%)	- -	- -	9.55	0.49	4.22	4.18	4.87	8.96	10.11	9.57
Total Debt / EV	- -	- -	1.29	0.01	0.04	0.04	0.03	0.07	0.07	0.06
EV/Sales	- -	- -	0.43	1.5	1.85	1.99	2.3	1.95	2.3	2.49
EV/EBITDA	- -	- -	2.63	9.49	13.04	12.17	12.75	10.12	11.68	11.34
EV/EBIT	- -	- -	- -	35.49	31.24	23.66	20.83	15.92	18.52	16.55
EV/Cash Flow to Firm	- -	- -	7.52	17.47	12.46	11.33	42.76	17.06	16.86	12.26
EV/Free Cash Flow to Firm	- -	- -	7.52	17.47	12.46	11.33	42.76	17.06	16.86	12.26
Diluted Market Cap	- -	- -	- -	22,155	29,086	35,063	42,586	34,114	39,644	45,674
Diluted Enterprise Value	- -	- -	6,161	20,759	26,904	31,960	40,941	34,201	39,482	43,975
EV per Share	- -	- -	8.21	27.69	35.42	42.89	56.3	47.9	56.63	64.49
TTM Sales	14,041	14,240	14,287	13,846	14,217	15,655	17,455	17,226	16,908	17,401
TTM EBITDA	886	188	2,342	2,183	2,020	2,560	3,151	3,321	3,323	3,822
TTM Operating Income	886	188	-448	584	843	1,317	1,928	2,110	2,096	2,619
TTM Cash Flow to Firm	207	-508	818	1,186	2,114	2,750	939	1,970	2,303	3,534
TTM Free Cash Flow to Firm	207	-508	818	1,186	2,114	2,750	939	1,970	2,303	3,534

Multiples (USD)

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	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	20.71	14.09	12.86	48.84	19.28	18.48	13.41
EV/EBIT	- -	- -	- -	35.49	31.24	23.66	20.83	15.92	18.52	16.55
Enterprise Value	- -	- -	6,156	20,727	26,336	31,161	40,166	33,593	38,826	43,347
Low Price	- -	- -	- -	24.1	20.38	36.54	43.74	43.22	44.01	53.4
EV/Sales	- -	- -	0.43	1.5	1.85	1.99	2.3	1.95	2.3	2.49
EV/EBITDA	- -	- -	2.63	9.49	13.04	12.17	12.75	10.12	11.68	11.34
Price/Earnings	- -	- -	- -	- -	42.57	19.78	36.94	46.22	43.56	41.66
Price/Earnings Average	- -	- -	- -	-21.58	32.3	18.75	36.27	53.04	42.18	41.31
Price/Earnings High	- -	- -	- -	-25.62	44.23	20.91	43	62.9	49.1	48.12
Price/Earnings Low	- -	- -	- -	-18.84	22.41	15.29	27.49	41.69	33.66	33.19
Price/Book Value	- -	- -	- -	0.91	1.16	1.35	1.66	1.34	1.64	1.87
Price/Book Value Average	- -	- -	- -	0.85	0.88	1.28	1.63	1.54	1.59	1.85
Price/Book Value High	- -	- -	- -	1.01	1.2	1.43	1.93	1.83	1.85	2.16
Price/Book Value Low	- -	- -	- -	0.74	0.61	1.05	1.23	1.21	1.27	1.49
Price/Tangible Book Value	- -	- -	- -	8.33	7.56	6.56	6.99	6.99	8.67	8.38
Price/Tangible Book Value Average	- -	- -	- -	7.78	5.74	6.22	6.86	8.02	8.39	8.31
Price/Tangible Book Value High	- -	- -	- -	9.24	7.85	6.94	8.14	9.52	9.77	9.67
Price/Tangible Book Value Low	- -	- -	- -	6.79	3.98	5.07	5.2	6.31	6.7	6.67
Price/Sales	- -	- -	- -	1.6	2.04	2.22	2.43	1.97	2.34	2.62
Price/Sales Average	- -	- -	- -	1.49	1.55	2.11	2.38	2.26	2.26	2.6
Price/Sales High	- -	- -	- -	1.77	2.12	2.35	2.83	2.68	2.63	3.03
Price/Sales Low	- -	- -	- -	1.3	1.07	1.72	1.81	1.78	1.81	2.09
Price/Cash Flow	- -	- -	- -	20.71	14.05	12.76	48.59	19.21	18.42	13.38
Price/Cash Flow Average	- -	- -	- -	19.34	10.66	12.09	47.71	22.04	17.84	13.27
Price/Cash Flow High	- -	- -	- -	22.96	14.59	13.49	56.56	26.14	20.76	15.45
Price/Cash Flow Low	- -	- -	- -	16.88	7.39	9.86	36.16	17.32	14.23	10.66
Price/Free Cash Flow Average	- -	- -	- -	19.34	10.69	12.19	47.95	22.13	17.9	13.3
Price/Free Cash Flow High	- -	- -	- -	22.96	14.64	13.59	56.85	26.24	20.83	15.49
Price/Free Cash Flow Low	- -	- -	- -	16.88	7.42	9.94	36.34	17.39	14.28	10.68
EV/Sales Average	- -	- -	0.43	1.39	1.38	1.88	2.26	2.24	2.23	2.47
EV/Sales High	- -	- -	0.43	1.67	1.95	2.12	2.7	2.66	2.59	2.89
EV/Sales Low	- -	- -	0.43	1.2	0.91	1.5	1.69	1.76	1.77	1.97
EV/EBITDA Average	- -	- -	2.63	8.83	9.73	11.51	12.54	11.64	11.33	11.24
EV/EBITDA High	- -	- -	2.63	10.6	13.73	12.97	14.97	13.8	13.2	13.17
EV/EBITDA Low	- -	- -	2.63	7.62	6.42	9.16	9.38	9.15	9.03	8.95
EV/EBIT Average	- -	- -	-13.75	33.01	23.32	22.36	20.5	18.32	17.96	16.41
EV/EBIT High	- -	- -	-13.75	39.63	32.89	25.22	24.47	21.71	20.92	19.22
EV/EBIT Low	- -	- -	-13.75	28.5	15.39	17.8	15.33	14.41	14.32	13.06
Last Price	- -	- -	- -	29.56	38.72	47.28	58.78	47.92	56.96	67.03
High Price	- -	- -	- -	32.78	40.23	49.98	68.43	65.21	64.2	77.41
Enterprise Value Average	- -	- -	6,161	19,275	19,662	29,454	39,528	38,645	37,652	42,975
Enterprise Value High	- -	- -	6,161	23,142	27,727	33,209	47,174	45,816	43,853	50,333
Enterprise Value Low	- -	- -	6,161	16,645	12,970	23,444	29,560	30,395	30,011	34,195

Shares Outstanding	- -	- -	750	749	743	727	713	701	686	672
Diluted Weighted Avg Shares	749	749	749	750	751	742	724	712	696	681
Basic Weighted Avg Shares	749	749	749	750	749	736	721	709	694	680
Revenue per Share	18.74	19	19.06	18.47	18.99	21.27	24.22	24.3	24.37	25.59
EBITDA per Share	1.18	0.25	3.13	2.91	2.7	3.48	4.37	4.68	4.79	5.62
Operating Income per Share	1.18	0.25	-0.6	0.78	1.13	1.79	2.67	2.98	3.02	3.85
Basic EPS, GAAP	0.67	3.38	-6.76	-1.28	0.91	2.39	1.59	1.04	1.31	1.61
Basic EPS from Cont Ops	0.7	3.43	-9.04	-0.36	1.01	2.48	1.69	1.33	1.24	1.77
Diluted EPS, GAAP	0.67	3.38	-6.76	-1.28	0.91	2.37	1.58	1.03	1.3	1.61
Diluted EPS from Cont Ops	0.7	3.43	-9.04	-0.36	1.01	2.46	1.68	1.32	1.24	1.77
Dividend per Share	- -	- -	3.74	0.68	0.52	0.54	0.58	0.62	0.66	0.7
Cash Flow per Share	- -	- -	0.64	1.43	2.76	3.71	1.21	2.5	3.09	5.01
Free Cash Flow per Basic Share	- -	- -	0.64	1.43	2.76	3.71	1.21	2.5	3.09	5.01
Cash & Equivalents per Share	- -	- -	3.03	2.36	5.1	6.26	4.65	3.91	4.62	6.74
Book Value per Share	- -	- -	99.55	32.47	33.39	34.94	35.47	35.7	34.7	35.92
Tangible Book Value per Share	- -	- -	69.88	3.55	5.12	7.2	8.41	6.85	6.57	8

Corteva, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)