AGCO Corporation
Rank #330ValueAGCO · NYSE · Industrials
AGCO Corporation (AGCO) — Rank #330 by gross profitability (GP/assets 0.22) · ROE 17.8% · Piotroski F-Score 8 / 9.
As-of 2026-09-15 · CIK 0000880266 · all metrics point-in-time as of the filing date.
About
AGCO Corporation manufactures and distributes agricultural equipment and replacement parts worldwide.
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It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses. The company also provides grain storage bins and related drying and handling equipment systems; seed-processing systems; swine and poultry feed storage and delivery systems; ventilation and watering systems; and egg production systems and broiler production equipment. In addition, it offers round and rectangular balers, loader wagons, self-propelled windrowers, forage harvesters, disc mowers, spreaders, rakes, tedders, and mower conditioners for harvesting and packaging vegetative feeds used in cattle, dairy, horse, and renewable fuel industries. Further, the company provides implements, including disc harrows leveling seed beds and mixing chemicals with the soils; heavy tillage to break up soil and mix crop residue into topsoil; field cultivators that prepare smooth seed bed and destroy weeds; drills for small grain seeding; planters and other planting equipment; and loaders. Additionally, it offers combines for harvesting grain crops, such as corn, wheat, soybeans, and rice; and application equipment, including self-propelled, three- and four-wheeled vehicles, and related equipment for liquid and dry fertilizers and crop protection chemicals, and for after crops emerge from the ground, as well as produces diesel engines, gears, and generating sets. The company markets its products under the Fendt, Massey Ferguson, PTx, and Valtra brands through a network of independent dealers and distributors.
AGCO Corporation was founded in 1990 and is headquartered in Duluth, Georgia.
- Industry
- Farm & Heavy Construction Machinery
- Sector
- Industrials
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- agcocorp.com
Price History
Company Snapshot
P/E and dividend yield are the primary valuation lenses for mature businesses.
Market Cap
$8.74B
P/E (annual)
12.8
P/S (annual)
0.9
P/B
2.1
P/OCF (annual)
8.8
Shareholder Yield
1.3%
Employees
22,000
Industry
Farm & Heavy Construction Machinery
Exchange
NYSE
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
1/2 passTerry Smith quality gate
Passes 1/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
1.3%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Buyback tailwind: -0.3% — per-share value needs a total required return of 1.1% once share-count change is priced in.
vs. own 6-year median revenue growth: 7.4%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
-2.6%
r = 10% (base)
1.3%
r = 12%
4.7%
Net debt / market cap: 23.2%
Note: current FCF margin is 1.9σ above its historical mean — implied growth may understate valuation risk if the margin reverts.
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Earnings bubble check
Current margins may be above sustainable levels — a P/E based on peak earnings can overstate cheapness.
Dividend yield and payout ratio are the primary reads at this stage (trailing P/E — see valuation above).
Profitability
Gross profitability (GP / assets)
0.22
Primary signal (Novy-Marx).
26th pctl of 36 SIC 35 peers
Return on equity
17.8%
Gross margin
25.5%
6th pctl of 36 SIC 35 peers
Revenue growth (YoY)
-13.5%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
-7.3%
Revenue CAGR (5Y)
2.0%
Earnings CAGR (3Y)
-6.5%
FCF CAGR (3Y)
18.1%
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
1.84
3rd pctl of 36 SIC 35 peers (best = lowest)
Current ratio
1.32×
17th pctl of 36 SIC 35 peers
Quick ratio
—
Net cash
-$2.15B
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$740.20M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.02
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.3%
Stock-based comp intensity.
Dividend safety
Composite score
2.8 / 5
Piotroski F-Score
F-Score
8 / 9
Fundamental-strength score (0-9).