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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.08
CNHI's Cash to Debt is ranked lower than
91% of the 136 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 0.54 vs. CNHI: 0.08 )
Ranked among companies with meaningful Cash to Debt only.
CNHI' s 10-Year Cash to Debt Range
Min: 0.08  Med: 0.19 Max: N/A
Current: 0.08
Equity to Asset 0.10
CNHI's Equity to Asset is ranked lower than
96% of the 123 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 0.49 vs. CNHI: 0.10 )
Ranked among companies with meaningful Equity to Asset only.
CNHI' s 10-Year Equity to Asset Range
Min: 0.08  Med: 0.10 Max: 0.14
Current: 0.1
0.08
0.14
Interest Coverage 2.13
CNHI's Interest Coverage is ranked lower than
92% of the 76 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 24.76 vs. CNHI: 2.13 )
Ranked among companies with meaningful Interest Coverage only.
CNHI' s 10-Year Interest Coverage Range
Min: 2.13  Med: 2.25 Max: 2.42
Current: 2.13
2.13
2.42
Z-Score: 0.78
WACC vs ROIC
1.75%
4.77%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 3/10

vs
industry
vs
history
Operating margin (%) 9.27
CNHI's Operating margin (%) is ranked higher than
73% of the 135 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 5.38 vs. CNHI: 9.27 )
Ranked among companies with meaningful Operating margin (%) only.
CNHI' s 10-Year Operating margin (%) Range
Min: 8.48  Med: 8.59 Max: 8.65
Current: 9.27
8.48
8.65
Net-margin (%) 1.06
CNHI's Net-margin (%) is ranked lower than
65% of the 135 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 3.32 vs. CNHI: 1.06 )
Ranked among companies with meaningful Net-margin (%) only.
CNHI' s 10-Year Net-margin (%) Range
Min: 1.63  Med: 2.09 Max: 2.3
Current: 1.06
1.63
2.3
ROE (%) 5.67
CNHI's ROE (%) is ranked lower than
53% of the 135 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 6.25 vs. CNHI: 5.67 )
Ranked among companies with meaningful ROE (%) only.
CNHI' s 10-Year ROE (%) Range
Min: 15.04  Med: 15.22 Max: 38.53
Current: 5.67
15.04
38.53
ROA (%) 0.60
CNHI's ROA (%) is ranked lower than
68% of the 138 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 3.08 vs. CNHI: 0.60 )
Ranked among companies with meaningful ROA (%) only.
CNHI' s 10-Year ROA (%) Range
Min: 1.29  Med: 1.42 Max: 3.09
Current: 0.6
1.29
3.09
ROC (Joel Greenblatt) (%) 5.68
CNHI's ROC (Joel Greenblatt) (%) is ranked lower than
62% of the 138 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 9.07 vs. CNHI: 5.68 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
CNHI' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 5.3  Med: 8.18 Max: 17.36
Current: 5.68
5.3
17.36
» CNHI's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2014

CNHI Guru Trades in Q3 2014

Paul Singer 1,920,317 sh (New)
Mason Hawkins 29,049,995 sh (New)
HOTCHKIS & WILEY 11,376,095 sh (+369.41%)
Mario Gabelli 7,725,330 sh (+0.71%)
David Dreman Sold Out
» More
Q4 2014

CNHI Guru Trades in Q4 2014

David Dreman 3,407 sh (New)
Mason Hawkins 37,977,686 sh (+30.73%)
HOTCHKIS & WILEY 11,692,897 sh (+2.78%)
Paul Singer Sold Out
Mario Gabelli 7,530,728 sh (-2.52%)
» More
Q1 2015

CNHI Guru Trades in Q1 2015

James Barrow 1,884,461 sh (New)
Jim Simons 27,455 sh (New)
HOTCHKIS & WILEY 32,751,706 sh (+180.10%)
Mason Hawkins 43,287,960 sh (+13.98%)
David Dreman Sold Out
Mario Gabelli 7,484,713 sh (-0.61%)
» More
Q2 2015

CNHI Guru Trades in Q2 2015

Third Avenue Management 325,215 sh (New)
James Barrow 19,068,406 sh (+911.88%)
Jim Simons Sold Out
Mario Gabelli 7,301,929 sh (-2.44%)
HOTCHKIS & WILEY 31,763,179 sh (-3.02%)
Mason Hawkins 41,277,595 sh (-4.64%)
» More
» Details

Insider Trades

Latest Guru Trades with CNHI

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Guru Investment Theses on CNH Industrial NV

David Herro and Bill Nygren Comment on CNH Industrial - Jan 13, 2014

The largest detractor for the quarter was CNH Industrial (CNHI), a global agricultural and construction equipment manufacturer, which fell 11%.  CNH released its nine-month results, which showed revenue growth of 0.6%, but the company’s margins were adversely affected by Iveco, its trucks and commercial vehicles segment.  Iveco’s margins fell short of expectations due to tough pricing, high launch costs, negative mix and increases in bad debt provisions.  Management maintains full-year guidance of 3-4% revenue growth.  We believe improvements in the Iveco division will help CNH Industrial achieve its long-term margin targets. 



 



From the Oakmark Global Select Fund fourth quarter 2013 commentary.



Check out David Herro,Bill Nygren latest stock trades

David Herro Comments on CNH Industrial - Jan 09, 2014

The largest detractor for the quarter was CNH Industrial (CNHI), a global agricultural and construction equipment manufacturer, which fell 11%.  CNH released its nine-month results, which showed revenue growth of 0.6%, but the company’s margins were adversely affected by Iveco, its trucks and commercial vehicles segment.  Iveco’s margins fell short of expectations due to tough pricing, high launch costs, negative mix and increases in bad debt provisions.  Management maintains full-year guidance of 3-4% revenue growth.  We believe improvements in the Iveco division will help CNH Industrial achieve its long-term margin targets. 

From David Herro (Trades, Portfolio)’s fourth quarter 2013 commentary.

Check out David Herro latest stock trades

Top Ranked Articles about CNH Industrial NV

Mason Hawkins Quadruples Stakes in Three Companies
Value investor Mason Hawkins (Trades, Portfolio), founder, chairman and CEO of Southeastern Asset Management, Inc., has said he looks for three things from potential investments: strong businesses with good people at deeply discounted prices. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 37.66
CNHI's P/E(ttm) is ranked lower than
67% of the 102 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 16.90 vs. CNHI: 37.66 )
Ranked among companies with meaningful P/E(ttm) only.
CNHI' s 10-Year P/E(ttm) Range
Min: 18.48  Med: 22.26 Max: 45.69
Current: 37.66
18.48
45.69
Forward P/E 14.77
CNHI's Forward P/E is ranked lower than
58% of the 53 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 13.16 vs. CNHI: 14.77 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 36.70
CNHI's PE(NRI) is ranked lower than
68% of the 102 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 16.90 vs. CNHI: 36.70 )
Ranked among companies with meaningful PE(NRI) only.
CNHI' s 10-Year PE(NRI) Range
Min: 18.57  Med: 22.34 Max: 46.08
Current: 36.7
18.57
46.08
P/B 2.25
CNHI's P/B is ranked lower than
62% of the 130 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 1.51 vs. CNHI: 2.25 )
Ranked among companies with meaningful P/B only.
CNHI' s 10-Year P/B Range
Min: 1.31  Med: 2.33 Max: 3.29
Current: 2.25
1.31
3.29
P/S 0.38
CNHI's P/S is ranked higher than
84% of the 137 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 0.98 vs. CNHI: 0.38 )
Ranked among companies with meaningful P/S only.
CNHI' s 10-Year P/S Range
Min: 0.33  Med: 0.41 Max: 0.49
Current: 0.38
0.33
0.49
PFCF 6.86
CNHI's PFCF is ranked higher than
82% of the 62 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 21.38 vs. CNHI: 6.86 )
Ranked among companies with meaningful PFCF only.
CNHI' s 10-Year PFCF Range
Min: 6.57  Med: 14.61 Max: 124.5
Current: 6.86
6.57
124.5
POCF 4.56
CNHI's POCF is ranked higher than
87% of the 86 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 15.80 vs. CNHI: 4.56 )
Ranked among companies with meaningful POCF only.
CNHI' s 10-Year POCF Range
Min: 4.34  Med: 9.96 Max: 25.7
Current: 4.56
4.34
25.7
EV-to-EBIT 31.62
CNHI's EV-to-EBIT is ranked lower than
64% of the 112 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 14.47 vs. CNHI: 31.62 )
Ranked among companies with meaningful EV-to-EBIT only.
CNHI' s 10-Year EV-to-EBIT Range
Min: 12.2  Med: 12.90 Max: 25.2
Current: 31.62
12.2
25.2
Current Ratio 0.91
CNHI's Current Ratio is ranked lower than
93% of the 126 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 1.79 vs. CNHI: 0.91 )
Ranked among companies with meaningful Current Ratio only.
CNHI' s 10-Year Current Ratio Range
Min: 0.91  Med: 4.80 Max: 5.54
Current: 0.91
0.91
5.54
Quick Ratio 0.71
CNHI's Quick Ratio is ranked lower than
80% of the 126 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 1.08 vs. CNHI: 0.71 )
Ranked among companies with meaningful Quick Ratio only.
CNHI' s 10-Year Quick Ratio Range
Min: 0.71  Med: 3.85 Max: 4.46
Current: 0.71
0.71
4.46
Days Inventory 123.63
CNHI's Days Inventory is ranked lower than
52% of the 133 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 120.12 vs. CNHI: 123.63 )
Ranked among companies with meaningful Days Inventory only.
CNHI' s 10-Year Days Inventory Range
Min: 44.68  Med: 95.91 Max: 97.69
Current: 123.63
44.68
97.69
Days Sales Outstanding 11.13
CNHI's Days Sales Outstanding is ranked higher than
92% of the 111 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 80.40 vs. CNHI: 11.13 )
Ranked among companies with meaningful Days Sales Outstanding only.
CNHI' s 10-Year Days Sales Outstanding Range
Min: 11.82  Med: 14.69 Max: 21.08
Current: 11.13
11.82
21.08

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.73
CNHI's Dividend Yield is ranked higher than
68% of the 163 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 1.83 vs. CNHI: 2.73 )
Ranked among companies with meaningful Dividend Yield only.
CNHI' s 10-Year Dividend Yield Range
Min: 2.26  Med: 2.86 Max: 3.43
Current: 2.73
2.26
3.43
Dividend Payout 0.75
CNHI's Dividend Payout is ranked lower than
81% of the 98 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 0.32 vs. CNHI: 0.75 )
Ranked among companies with meaningful Dividend Payout only.
CNHI' s 10-Year Dividend Payout Range
Min: 1.06  Med: 1.76 Max: 2.47
Current: 0.75
1.06
2.47
Yield on cost (5-Year) 2.74
CNHI's Yield on cost (5-Year) is ranked higher than
55% of the 163 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 2.63 vs. CNHI: 2.74 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
CNHI' s 10-Year Yield on cost (5-Year) Range
Min: 2.26  Med: 2.86 Max: 3.43
Current: 2.74
2.26
3.43

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.24
CNHI's Price/Tangible Book is ranked lower than
84% of the 125 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 1.82 vs. CNHI: 0.24 )
Ranked among companies with meaningful Price/Tangible Book only.
CNHI' s 10-Year Price/Tangible Book Range
Min: 5.78  Med: 7.96 Max: 10.42
Current: 0.24
5.78
10.42
Price/Median PS Value 0.97
CNHI's Price/Median PS Value is ranked higher than
62% of the 125 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 1.08 vs. CNHI: 0.97 )
Ranked among companies with meaningful Price/Median PS Value only.
CNHI' s 10-Year Price/Median PS Value Range
Min: 0.85  Med: 1.01 Max: 1.12
Current: 0.97
0.85
1.12
Price/Graham Number 0.62
CNHI's Price/Graham Number is ranked lower than
81% of the 89 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 1.25 vs. CNHI: 0.62 )
Ranked among companies with meaningful Price/Graham Number only.
CNHI' s 10-Year Price/Graham Number Range
Min: 2.29  Med: 2.83 Max: 4.05
Current: 0.62
2.29
4.05
Earnings Yield (Greenblatt) (%) 3.18
CNHI's Earnings Yield (Greenblatt) (%) is ranked lower than
53% of the 137 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 5.20 vs. CNHI: 3.18 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
CNHI' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 3.17  Med: 7.70 Max: 8.2
Current: 3.18
3.17
8.2

Analyst Estimate

Dec15 Dec16 Dec17
Revenue(Mil) 27,405 28,155 29,224
EPS($) 0.42 0.54 0.70
EPS without NRI($) 0.42 0.54 0.70

Business Description

Industry: Farm & Construction Machinery » Farm & Construction Equipment
Compare: » details
Traded in other countries:37C.Germany, CNHI.Italy, 0QGU.UK,
CNH Industrial NV was incorporated in November 2012 and became operational in September 2013 as a result of the mergers of Fiat Industrial S.p.A. and CNH Global N.V. The Company is a capital goods company engaged in the design, production, marketing, sale and financing of agricultural and construction equipment, trucks, commercial vehicles, buses and specialty vehicles for firefighting, defense and other uses, as well as engines and transmissions for those vehicles and engines for marine and power generation applications. It has industrial and financial services companies located in 44 countries and a commercial presence in approximately 190 countries around the world. The Company's segments are: Agricultural Equipment which designs, manufactures and distributes a full line of farm machinery and implements, including two-wheel and four-wheel drive tractors, crawler tractors (Quadtrac), combines, cotton pickers, grape and sugar cane harvesters, hay and forage equipment, planting and seeding equipment, soil preparation and cultivation implements and material handling equipment. Agricultural equipment is sold under the New Holland Agriculture and Case IH Agriculture brands, as well as the Steyr brand in Europe. Construction Equipment which designs, manufactures and distributes a full line of construction equipment including excavators, crawler dozers, graders, wheel loaders, backhoe loaders, skid steer loaders, telehandlers and trenchers. Construction equipment is sold under the New Holland Construction and Case Construction brands. Commercial Vehicles which designs, produces and sells light, medium and heavy vehicles for the transportation and distribution of goods through the Iveco brand, commuter buses and touring coaches through the Iveco Bus and Heuliez Bus brands, quarry and mining equipment through Iveco Astra, and firefighting vehicles through the Magirus brand and vehicles for civil defense and peace-keeping missions under the Iveco Defence Vehicles brand. Powertrainwhich designs, manufactures and offers propulsion and transmission systems for on- and off-road applications, as well as engines for marine application and power generation through FPT Industrial brand. Financial Services which offers financial services to dealers and customers. Financial Services provides and administers retail financing to customers for the purchase or lease of new and used industrial equipment or vehicles and other equipment sold by the Company's dealers. In addition, Financial Services provides wholesale financing to the Company's dealers. Wholesale financing consists primarily of floor plan financing and allows the dealers to purchase and maintain a representative inventory of products.
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