Corteva Inc
CTVA: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$35.00 | Sxp | Cgsfbwcx |
Corteva's Growing Premium Seed and Crop Protection Products Should Drive Long-Term Margin Expansion
Business Strategy and Outlook
Corteva is an agriculture pure play that was formed in 2019 when it was spun out of DowDuPont. The company is a global leader in seeds and crop protection products. In 2021, seeds generated a little more than half of total company profits. Corteva develops its pipeline through the investment of around 8% of sales in research and development, which should allow sales and profits to grow from new products even as patents expire and generic products come to market.