Recommendation: Buy
| Entry Date | Symbol | Recommendation | Entry Price (USD) | Target 1 (USD) | Target 2 (USD) | Holding Duration | Position Status | Return(%)* |
|---|---|---|---|---|---|---|---|---|
| 19 Aug, 25 | CTVA | Buy | USD 72.29 | USD 75.9 | USD 79.0 | 24 days | Closed |
4.99%
|
*Return(%) represent the percentage change between the entry price and exit price of the recommendation.
Data Powered by EOD Historical Data (“EODHD”).
Corteva, Inc. operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics. This segment also provides digital solutions that assist farmer decision-making with a view to optimize product selection, and maximize yield and profitability. The Crop Protection segment offers products that protect against weeds, insects and other pests, and diseases, as well as enhances crop health above and below ground through nitrogen management and seed-applied technologies. This segment provides herbicides, insecticides, nitrogen stabilizers, and pasture and range management herbicides. It serves agricultural input industry. The company operates in the United States, Canada, Latin America, the Asia Pacific, Europe, the Middle East, and Africa. Corteva, Inc. was incorporated in 2018 and is headquartered in Indianapolis, Indiana.
Operating EBITDA: Increased 14% to USD 3.35 billion (vs. USD 2.94 billion in 1H 2024)
GAAP EPS growth: Up 47% to USD 2.98 per share (vs. USD 2.03 in 1H 2024)
EMEA net sales: Declined 2% to USD 2.22 billion (vs. USD 2.26 billion in 1H 2024)
Latin America net sales: Declined 4% to USD 1.11 billion (vs. USD 1.17 billion in 1H 2024)
Corteva faces material risk from pricing pressures in Latin America and adverse currency fluctuations, which could erode margins despite volume growth in seeds and crop protection
| Entry Price | Support* | Target 1** | Target 2** |
|---|---|---|---|
| 72.29 | 65.0 | 75.9 | 79.0 |
Data Source: REFINITIV, Analysis: StockNextt
*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.
**Target prices may vary by ±0.5% depending on market volatility.
Strong First Half Performance: Corteva, Inc. (NYSE: CTVA) reported robust financial results for the second quarter and first half of 2025, highlighting its market leadership in seeds and crop protection solutions. Net sales for the first half grew 3% year-over-year to USD 10.87 billion, while organic sales advanced 5%. GAAP income from continuing operations increased 43% to USD 2.05 billion, translating to USD 2.98 per share, while operating EBITDA rose 14% to USD 3.35 billion.
Second Quarter Growth Drivers: In the second quarter, net sales rose 6% to USD 6.46 billion, supported by a 7% organic sales increase. Growth was broad-based, with seed volume up 3% and crop protection volume up 11%, driven by strong demand in Latin America. Operating EBITDA reached USD 2.16 billion, marking a 13% increase compared to the prior year, with margins improving by 215 basis points.
Seed Segment Momentum: Seed sales advanced 5% year-over-year in the second quarter, totaling USD 4.54 billion, supported by stronger corn demand and higher pricing in North America and EMEA. Despite unfavorable currency impacts, segment operating EBITDA improved 10% to USD 1.86 billion. For the first half, seed net sales rose 2% to USD 7.24 billion, and operating EBITDA grew 11% to USD 2.71 billion, reflecting effective price execution and productivity gains.
Crop Protection Expansion: Crop Protection delivered USD 1.92 billion in net sales during the second quarter, an 8% increase versus the prior year, driven by 11% volume growth in Latin America. While competitive pricing led to a 2% price decline, segment operating EBITDA surged 31% to USD 334 million. For the first half, crop protection sales grew 3% to USD 3.63 billion, with EBITDA climbing 26% to USD 711 million, supported by raw material cost savings and operational efficiencies.
Geographic Contributions: Regional performance was mixed in the first half of 2025. North America sales increased 5% to USD 6.84 billion, while EMEA sales declined 2% to USD 2.22 billion. Latin America reported a 4% drop in net sales to USD 1.11 billion, impacted by pricing pressures, although organic growth was positive at 6%. Asia Pacific delivered modest growth, with sales rising 1% to USD 696 million.
Guidance Upgrade and Shareholder Returns: On the back of its strong results, Corteva raised its full-year 2025 guidance, projecting net sales between USD 17.6 billion and USD 17.8 billion, operating EBITDA of USD 3.75 billion to USD 3.85 billion, and operating EPS between USD 3.00 and USD 3.20, representing 21% growth at the mid-point. The company also reaffirmed its commitment to shareholder value, announcing plans to repurchase approximately USD 1 billion of shares and increase its dividend.
Considering recent key business, financial updates, current trading levels, and key business risks, a ‘Buy’ recommendation has been given on Corteva, Inc. (NYSE: CTVA) at the closing market price of USD 72.29, as on August 18, 2025.
Data Powered by EOD Historical Data (“EODHD”).
Sector: Basic Materials Industry: Agricultural Inputs
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| CTVA Corteva Inc |
0.71 1.08% | 66.19 | 30.23 | 15.58 | 1.89 | 1.30 | 2.10 | 13.87 |
| NTR Nutrien Ltd |
1.22 1.97% | 63.07 | 54.62 | 15.27 | 1.14 | 1.17 | 1.64 | 10.45 |
| CF CF Industries Holdings Inc |
0.86 1.12% | 78.42 | 14.08 | 13.59 | 2.58 | 2.96 | 2.80 | 5.90 |
| MOS The Mosaic Company |
0.67 2.86% | 24.13 | 9.17 | 11.07 | 0.78 | 0.98 | 1.00 | 5.38 |
| YARIY Yara International ASA |
0.15 0.76% | 19.76 | 16.03 | 10.56 | 0.52 | 1.25 | 0.71 | 5.89 |
Data Powered by EOD Historical Data (“EODHD”).
Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is August 18,2025. The reference data in this report has been partly sourced from REFINITIV
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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