Professional
Added to YB: 2024-09-23
Pitch date: 2024-09-23
CNH [bullish]
CNH Industrial N.V.
-9.47%
current return
Author Info
No bio for this author
Company Info
CNH Industrial N.V., an equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific.
Market Cap
$16.2B
Pitch Price
$10.94
Price Target
20.00 (+102%)
Dividend
1.93%
EV/EBITDA
20.03
P/E
16.21
EV/Sales
2.19
Sector
Machinery
Category
turnaround
CNH Industrial ($CNH)
CNH: Ag machinery co at 6.5x PE, 14x discount to S&P. Strong ROE, underlevered. Ag cycle downturn, but factors suggest muted duration. Improved margins, cost savings. Construction segment improving. Buybacks, dividends. 2026 EPS >$2. 10-12x PE rerating = 100%+ return in 2yrs. New CEO July 2024. Long-term outlook positive despite near-term challenges.