CTVA - Corteva, Inc.
Price:
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$38.64
DETAILS
HIGH:
$101.00
LOW:
$15.00
MEDIAN:
$17.00
CONSENSUS:
$38.64
UPSIDE:
210.36%
AlphaVal
Deterministic, archetype-aware fair value
Cyclical & Capital-Intensive
80% confidence
Primary model: Normalized Earnings × Cycle Multiple
Adjust Assumptions
9.5x
0.24$
Key Value Driver
Through-cycle normalized EPS ($0.24)
Implied Market Multiple
52.5x
Plain-Language Summary
Using 7-year normalized EPS of $0.24 at a 10x cycle multiple, the base-case value is $2.25 per share. P/TBV cross-check: 1.5x.
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.
Average Target (37 analysts)
$38.64
Analyst Range
$15.00 – $101.00
Divergence from AlphaVal
94%
Warnings
Wall Street's average price target is $38.64 (from 37 analysts). Our estimate is 94% below the consensus -- consider that gap carefully.
Key Risks
- Standard 10-year DCF produces unreliable terminal values for cyclicals
- 'Cheap' P/E at cycle peak is the most common value trap — normalize first
- Captive finance subsidiaries have different risk profiles from manufacturing