Corteva, Inc.
Orin's own judgment of how firmly the evidence points one way — not the chance the price goes up.
Corteva completed the spin-off of its seed business into Vylor Inc. on October 1, 2026, leaving a standalone crop protection company trading at $13.24 as of October 9 with an RSI of 9.2 — deeply oversold.
Pre-spin FY2025 fundamentals showed real improvement, with operating margin reaching 15.1% and FCF of $2.815B, and the stock trades at a PE of 8.76 versus a peer median of 15.84, but all current multiples reflect the combined entity and are not yet meaningful for the standalone business. JPMorgan upgraded to Overweight with a $19 price target on October 6, yet without post-spin financials and with 24-month insider net selling of approximately $7.2M, the risk/reward remains balanced pending clarity on the standalone crop protection franchise.
What could go wrong
- Post-spin financials unknown. All reported metrics — PE of 8.76, FY2025 revenue of $17.4B, operating margin of 15.1% — reflect the combined seed-plus-crop-protection entity; the standalone crop protection business has no public financials yet.
- Moving averages distorted by spin-off. The 50-day MA of 71.30 and 200-day MA of 76.83 reflect pre-spin prices and are not meaningful post-distribution; technical signals are unreliable until the averages reset.
- Persistent insider selling. Over 24 months, insiders net sold approximately 100,833 shares for a net value of roughly -$7.2M, with zero open-market acquisitions; the CEO and other executives reported dispositions around the spin-off date.
- Smart money slightly negative. The smart money score was -0.00 as of the quarter ended 30 Jun, down from a positive 0.04 as of 31 Dec 2025, suggesting institutional positioning has softened into the spin-off.
What would change my mind
Where this comes from: news, 7 Oct · fundamentals, year to 31 Dec 2025 · peer comparison · technicals, 9 Oct. Orin's read on CTVA; not advice.
How has the share price moved?
Up 21.2% over twelve months, from $9.59 on 27 Oct 2025 to $11.63 at the Tue 27 Oct 2026 close. Its highest close in that time was $14.45 on 7 Oct 2026; the last close is 19.5% below it.
- Green line: the closing price each trading day.
- Grey line: the average closing price over the last 50 trading days.
- Dashed amber line: the same over the last 200 trading days — a slower, smoother line.
- Bars along the bottom: shares traded each day — green when it closed higher than the day before, rose when lower (the most, 236.6M, on 11 Sep 2026).
- Flags: the company's filings, on the day they were made (an 8-K reports a major event).
On file
All CTVA filingsLargest holders · 13F Q2 2026
Money flow| Filer | Position | Of fund |
|---|---|---|
| BlackRock | $4.6B | 0.1% |
| Vanguard Capital Management | $3.7B | 0.1% |
| Capital World Investors | $3.6B | 0.4% |
| FMR | $3.5B | 0.2% |
| State Street | $3.2B | 0.1% |
| Vanguard Portfolio Management | $2.5B | 0.1% |
| Franklin Resources | $1.9B | 0.4% |
| Geode Capital Management | $1.6B | 0.1% |
| Harris Associates | $1.4B | 1.8% |
| Northern Trust | $1.0B | 0.1% |
97 of the 815 filers we track · quarter ended Q2 2026 · positions, not flows
Insiders, last 24 months: 105 Form 4 filings; open-market trades net −$7.2M. Of the 50 on hand, 0 were open-market purchases and 1 a sale — the rest are grants, option exercises and tax withholding.
Ask Orin about CTVA
Orin answers questions about CTVA from its filings, transcripts and numbers — with the source behind every claim. Your own desk starts with 3 free days, card required.
Start 3 free days →How profitable is it, and how much does it owe?
Keeps 5.7 cents of each $1 of sales as profit, after every cost.
- ROIC
- 6.2%
- ROE
- 4.1%
- Operating margin
- 17.1%
- Net margin
- 5.7%
- Current ratio
- 1.52×
- Debt / equity
- 0.19×
- Interest coverage
- 17×
- Net debt / EBITDA
- 0.77×
profit for each $1 put into the business by its lenders and shareholders.
return on equity: one year of profit as a share of the shareholders' money in the business (its book value).
the share of sales left after the costs of running the business.
the share of each $1 of sales kept as profit after every cost. Below zero, the company lost money.
what it owns that turns into cash within a year, divided by the bills due within a year.
its debt for each $1 of the shareholders' own money.
operating profit divided by the interest it pays — how many times over profit covers it.
debt minus cash, divided by one year of operating profit before write-downs — roughly the years it would take to repay.
As filed
| Year | Revenue | Gross profit | Net income | EPS | Free cash flow | Total debt | Equity |
|---|---|---|---|---|---|---|---|
| FY25 | $17.4B | $8.2B | $1.1B | $0.24 | $2.8B | $2.6B | $24.1B |
| FY24 | $16.9B | $7.4B | $907M | $0.20 | $1.5B | $2.7B | $23.8B |
| FY23 | $17.2B | $7.3B | $735M | $0.15 | $1.2B | $2.5B | $25.0B |
| FY22 | $17.5B | $7.0B | $1.1B | $0.24 | $267M | $1.3B | $25.3B |
| FY21 | $15.7B | $6.4B | $1.8B | $0.36 | $2.2B | $1.1B | $25.4B |
Fiscal years as the company filed them, newest first. No growth rate is computed here — the Growth tab carries those, and two answers to one question is worse than one.
What the chief executive was paid
Not available right now — the SEC data service we use couldn't give us this. That doesn't mean there's nothing to show; check back later.