AGCO Corporation: Turnaround Quarter Has Come

Nov. 08, 2022 1:55 AM ETAGCO Corporation (AGCO)CNHI, DE
Luca Socci profile picture
Luca Socci
1.54K Followers

Summary

  • AGCO finally reached double-digit operating margin.
  • Fendt is gaining market share in the U.S.
  • It is diversifying its markets with lower exposure to Europe.

Trattore Fendt con carro caricatore, al lavoro su un impianto di biogas

huettenhoelscher/iStock Editorial via Getty Images

Introduction

The agriculture and farming machinery industry is linked mainly to net farmer income and commodity prices. These two are, in turn, driven by three great macro-trends that are taking place:

  1. increasing world population
  2. scarcity
AGCO stock, AGCO results, Invest in AGCO

AGCO Q3 2022 Results Presentation

AGCO stock, AGCO margin, AGCO, Invest in AGCO

AGCO Q3 2022 Results Presentation

AGCO valuation

Author, with data from SA

This article was written by

Luca Socci profile picture
1.54K Followers
I focus on long term growth and dividend growth investing. I follow both the US and the European stock markets, looking for undervalued stock and/or for high quality dividend growing companies that provide me with cash to reinvest. I invest only in stock of companies that run a business I understand through direct experience.

Disclosure: I/we have a beneficial long position in the shares of CNHI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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