Added to YB: 2026-08-19
Pitch date: 2026-05-31
CNH [bullish]
CNH Industrial N.V.
Author Info
No bio for this author
Company Info
CNH Industrial N.V., an equipment company, engages in the develops, manufacture, and sale agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific.
Market Cap
$12.9B
Pitch Price
N/A
Price Target
24.00
Dividend
0.96%
EV/EBITDA
31.23
P/E
41.74
EV/Sales
2.09
Sector
Machinery
Category
turnaround
CNH Industrial N.V. - $CNH
CNH: #2 global ag equipment OEM at ~5x EV/EBIT mid-cycle (22yr low), ~70% EV/Sales discount to Deere (widest ever). Turnaround CEO Marx (ex-Iveco, 85% equity comp) targets +350-450bps margin via self-help sourcing/quality by 2030. Cycle bottoming; oil/Iran a tailwind via farmer income. Base ~$24 (2.3x, 40% IRR) by YE28, bull 4x, bear ~flat. Key risk: Marx departs, low crop prices.
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