Corteva, Inc. logo CTVA - Corteva, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 25
HOLD 10
SELL 2
STRONG
SELL
0
| PRICE TARGET: $38.64 DETAILS
HIGH: $101.00
LOW: $15.00
MEDIAN: $17.00
CONSENSUS: $38.64
UPSIDE: 210.36%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Cyclical & Capital-Intensive 80% confidence

Primary model: Normalized Earnings × Cycle Multiple

Valuation Signal Overvalued Strong
Trading 452.7% above fair value
Current Price $12.45
Bear Case $1.66 86.7% downside ($1.66 - $12.45) / $12.45 = -86.7% $0.24 × 7x
Fair Value $2.25 81.9% downside ($2.25 - $12.45) / $12.45 = -81.9% $0.24 × 10x
Bull Case $2.85 77.1% downside ($2.85 - $12.45) / $12.45 = -77.1% $0.24 × 12x

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

ℹ 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