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Also traded in: Germany, Italy, UK

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 : 5/10

vs
industry
vs
history
Cash to Debt 0.17
CNHI's Cash to Debt is ranked lower than
88% of the 139 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 0.52 vs. CNHI: 0.17 )
Ranked among companies with meaningful Cash to Debt only.
CNHI' s Cash to Debt Range Over the Past 10 Years
Min: 0.1  Med: 0.18 Max: N/A
Current: 0.17
Equity to Asset 0.09
CNHI's Equity to Asset is ranked lower than
97% of the 136 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 0.52 vs. CNHI: 0.09 )
Ranked among companies with meaningful Equity to Asset only.
CNHI' s Equity to Asset Range Over the Past 10 Years
Min: 0.08  Med: 0.10 Max: 0.14
Current: 0.09
0.08
0.14
Interest Coverage 2.15
CNHI's Interest Coverage is ranked lower than
79% of the 86 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 10.87 vs. CNHI: 2.15 )
Ranked among companies with meaningful Interest Coverage only.
CNHI' s Interest Coverage Range Over the Past 10 Years
Min: 2.13  Med: 2.15 Max: 2.42
Current: 2.15
2.13
2.42
F-Score: 5
Z-Score: 1.43
M-Score: -2.85
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 : 5/10

vs
industry
vs
history
Operating margin (%) 8.94
CNHI's Operating margin (%) is ranked higher than
78% of the 138 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 3.64 vs. CNHI: 8.94 )
Ranked among companies with meaningful Operating margin (%) only.
CNHI' s Operating margin (%) Range Over the Past 10 Years
Min: 8.48  Med: 8.62 Max: 9.19
Current: 8.94
8.48
9.19
Net-margin (%) -1.09
CNHI's Net-margin (%) is ranked lower than
62% of the 138 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 2.39 vs. CNHI: -1.09 )
Ranked among companies with meaningful Net-margin (%) only.
CNHI' s Net-margin (%) Range Over the Past 10 Years
Min: 0.98  Med: 2.00 Max: 2.3
Current: -1.09
0.98
2.3
ROE (%) -5.88
CNHI's ROE (%) is ranked higher than
54% of the 138 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 4.29 vs. CNHI: -5.88 )
Ranked among companies with meaningful ROE (%) only.
CNHI' s ROE (%) Range Over the Past 10 Years
Min: 5.53  Med: 15.13 Max: 38.53
Current: -5.88
5.53
38.53
ROA (%) -0.58
CNHI's ROA (%) is ranked lower than
63% of the 140 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 1.86 vs. CNHI: -0.58 )
Ranked among companies with meaningful ROA (%) only.
CNHI' s ROA (%) Range Over the Past 10 Years
Min: 0.55  Med: 1.36 Max: 3.09
Current: -0.58
0.55
3.09
ROC (Joel Greenblatt) (%) 3.11
CNHI's ROC (Joel Greenblatt) (%) is ranked lower than
64% of the 140 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 7.73 vs. CNHI: 3.11 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
CNHI' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: 3.99  Med: 8.02 Max: 17.36
Current: 3.11
3.99
17.36
» CNHI's 10-Y Financials

Financials (Next Earnings Date: Est. 2016-07-29)


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

» Details

Guru Trades

Q1 2015

CNHI Guru Trades in Q1 2015

Barrow, Hanley, Mewhinney & Strauss 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)
Barrow, Hanley, Mewhinney & Strauss 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
Q3 2015

CNHI Guru Trades in Q3 2015

Jim Simons 2,142,465 sh (New)
Third Avenue Management 617,057 sh (+89.74%)
Barrow, Hanley, Mewhinney & Strauss 25,622,317 sh (+34.37%)
HOTCHKIS & WILEY 35,495,773 sh (+11.75%)
Mario Gabelli 6,506,255 sh (-10.90%)
Mason Hawkins 34,802,209 sh (-15.69%)
» More
Q4 2015

CNHI Guru Trades in Q4 2015

Louis Moore Bacon 118,669 sh (New)
Mason Hawkins 40,974,982 sh (+17.74%)
HOTCHKIS & WILEY 36,301,692 sh (+2.27%)
Barrow, Hanley, Mewhinney & Strauss 25,718,324 sh (+0.37%)
Mario Gabelli 6,334,749 sh (-2.64%)
Third Avenue Management 600,777 sh (-2.64%)
Jim Simons 126,240 sh (-94.11%)
» More
» Details

Insider Trades

Latest Guru Trades with CNHI

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Guru Investment Theses on CNH Industrial NV

Bill Nygren and David Herro Comments on CNH Industrial - Oct 08, 2015

Another large detractor from performance for the quarter was CNH Industrial (NYSE:CNHI) (Netherlands), a manufacturer of agricultural and construction equipment. CNH Industrial’s fiscal first-half revenue decline of 22% (-11% in constant currency) was larger than we estimated, as revenues dropped across segments. Earnings and margins also dropped more substantially than we expected. The core agriculture segment was the driving force behind these poor results as demand for tractors and combines fell across all geographies. In response, management reduced agriculture equipment production by 33% in the second quarter year-over-year. Conversely, the Iveco segment performed better than we anticipated, as revenue declined less than our forecasts (and gained 9% in constant currency) while margins expanded. Management updated full-year guidance with a reduced operating profit margin (to a range of 5.6%-6% owing to production cuts) and unchanged sales projections. Management continues to cut costs across the board, and in light of very challenging market conditions, we believe CNH Industrial’s leadership team is executing relatively well. Therefore, our investment thesis for this company remains intact.

From Biill Nygren and David Herro (Trades, Portfolio)'s Q3 Oakmark Global Select Fund commentary.

Check out Bill Nygren,David Herro latest stock trades

Top Ranked Articles about CNH Industrial NV

Bill Nygren and David Herro Comments on CNH Industrial Guru stock highlight
Another large detractor from performance for the quarter was CNH Industrial (NYSE:CNHI) (Netherlands), a manufacturer of agricultural and construction equipment. CNH Industrial’s fiscal first-half revenue decline of 22% (-11% in constant currency) was larger than we estimated, as revenues dropped across segments. Earnings and margins also dropped more substantially than we expected. The core agriculture segment was the driving force behind these poor results as demand for tractors and combines fell across all geographies. In response, management reduced agriculture equipment production by 33% in the second quarter year-over-year. Conversely, the Iveco segment performed better than we anticipated, as revenue declined less than our forecasts (and gained 9% in constant currency) while margins expanded. Management updated full-year guidance with a reduced operating profit margin (to a range of 5.6%-6% owing to production cuts) and unchanged sales projections. Management continues to cut costs across the board, and in light of very challenging market conditions, we believe CNH Industrial’s leadership team is executing relatively well. Read more...

Ratios

vs
industry
vs
history
Forward P/E 14.60
CNHI's Forward P/E is ranked lower than
99.99% of the 21 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 13.39 vs. CNHI: 14.60 )
Ranked among companies with meaningful Forward P/E only.
N/A
P/B 2.17
CNHI's P/B is ranked lower than
66% of the 137 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 1.33 vs. CNHI: 2.17 )
Ranked among companies with meaningful P/B only.
CNHI' s P/B Range Over the Past 10 Years
Min: 1.31  Med: 2.24 Max: 3.3
Current: 2.17
1.31
3.3
P/S 0.38
CNHI's P/S is ranked higher than
78% of the 136 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 0.99 vs. CNHI: 0.38 )
Ranked among companies with meaningful P/S only.
CNHI' s P/S Range Over the Past 10 Years
Min: 0.31  Med: 0.38 Max: 0.49
Current: 0.38
0.31
0.49
PFCF 3.42
CNHI's PFCF is ranked higher than
78% of the 45 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 15.38 vs. CNHI: 3.42 )
Ranked among companies with meaningful PFCF only.
CNHI' s PFCF Range Over the Past 10 Years
Min: 3.04  Med: 7.90 Max: 76.49
Current: 3.42
3.04
76.49
POCF 2.76
CNHI's POCF is ranked higher than
79% of the 57 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 8.81 vs. CNHI: 2.76 )
Ranked among companies with meaningful POCF only.
CNHI' s POCF Range Over the Past 10 Years
Min: 2.46  Med: 7.13 Max: 22.49
Current: 2.76
2.46
22.49
EV-to-EBIT 29.47
CNHI's EV-to-EBIT is ranked lower than
77% of the 106 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 16.25 vs. CNHI: 29.47 )
Ranked among companies with meaningful EV-to-EBIT only.
CNHI' s EV-to-EBIT Range Over the Past 10 Years
Min: 13.8  Med: 16.40 Max: 34.7
Current: 29.47
13.8
34.7
EV-to-EBITDA 16.23
CNHI's EV-to-EBITDA is ranked lower than
71% of the 112 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 11.44 vs. CNHI: 16.23 )
Ranked among companies with meaningful EV-to-EBITDA only.
CNHI' s EV-to-EBITDA Range Over the Past 10 Years
Min: 9.7  Med: 11.10 Max: 23.1
Current: 16.23
9.7
23.1
Current Ratio 5.49
CNHI's Current Ratio is ranked higher than
93% of the 129 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 1.83 vs. CNHI: 5.49 )
Ranked among companies with meaningful Current Ratio only.
CNHI' s Current Ratio Range Over the Past 10 Years
Min: 0.89  Med: 4.95 Max: 5.56
Current: 5.49
0.89
5.56
Quick Ratio 4.33
CNHI's Quick Ratio is ranked higher than
94% of the 129 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 1.11 vs. CNHI: 4.33 )
Ranked among companies with meaningful Quick Ratio only.
CNHI' s Quick Ratio Range Over the Past 10 Years
Min: 0.69  Med: 3.89 Max: 4.56
Current: 4.33
0.69
4.56
Days Inventory 123.59
CNHI's Days Inventory is ranked lower than
51% of the 134 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 117.53 vs. CNHI: 123.59 )
Ranked among companies with meaningful Days Inventory only.
CNHI' s Days Inventory Range Over the Past 10 Years
Min: 44.68  Med: 96.80 Max: 106.52
Current: 123.59
44.68
106.52
Days Sales Outstanding 9.23
CNHI's Days Sales Outstanding is ranked higher than
93% of the 112 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 74.30 vs. CNHI: 9.23 )
Ranked among companies with meaningful Days Sales Outstanding only.
CNHI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 8.17  Med: 13.26 Max: 21.08
Current: 9.23
8.17
21.08
Days Payable 102.73
CNHI's Days Payable is ranked higher than
65% of the 112 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 72.53 vs. CNHI: 102.73 )
Ranked among companies with meaningful Days Payable only.
CNHI' s Days Payable Range Over the Past 10 Years
Min: 85.51  Med: 93.49 Max: 101.3
Current: 102.73
85.51
101.3

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.08
CNHI's Dividend Yield is ranked higher than
72% of the 148 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 2.26 vs. CNHI: 2.08 )
Ranked among companies with meaningful Dividend Yield only.
CNHI' s Dividend Yield Range Over the Past 10 Years
Min: 2.02  Med: 3.05 Max: 3.67
Current: 2.08
2.02
3.67
Forward Dividend Yield 2.06
CNHI's Forward Dividend Yield is ranked higher than
52% of the 141 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 2.26 vs. CNHI: 2.06 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 2.08
CNHI's Yield on cost (5-Year) is ranked higher than
52% of the 161 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 3.38 vs. CNHI: 2.08 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
CNHI' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 2.02  Med: 3.05 Max: 3.67
Current: 2.08
2.02
3.67

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 8.64
CNHI's Price/Tangible Book is ranked lower than
86% of the 133 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 1.58 vs. CNHI: 8.64 )
Ranked among companies with meaningful Price/Tangible Book only.
CNHI' s Price/Tangible Book Range Over the Past 10 Years
Min: 5.8  Med: 7.66 Max: 10.37
Current: 8.64
5.8
10.37
Price/Median PS Value 0.98
CNHI's Price/Median PS Value is ranked higher than
53% of the 133 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 1.08 vs. CNHI: 0.98 )
Ranked among companies with meaningful Price/Median PS Value only.
CNHI' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.88  Med: 1.03 Max: 1.21
Current: 0.98
0.88
1.21
Price/Graham Number 3.08
CNHI's Price/Graham Number is ranked lower than
78% of the 88 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 1.35 vs. CNHI: 3.08 )
Ranked among companies with meaningful Price/Graham Number only.
CNHI' s Price/Graham Number Range Over the Past 10 Years
Min: 2.32  Med: 3.10 Max: 5.45
Current: 3.08
2.32
5.45
Earnings Yield (Greenblatt) (%) 3.43
CNHI's Earnings Yield (Greenblatt) (%) is ranked lower than
61% of the 137 Companies
in the Global Farm & Construction Equipment industry.

( Industry Median: 4.50 vs. CNHI: 3.43 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
CNHI' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 2.9  Med: 6.10 Max: 7.3
Current: 3.43
2.9
7.3

More Statistics

Revenue(Mil) $25912
EPS $ 0.19
Short Percentage of Float5.40%
52-Week Range $5.67 - 9.72
Shares Outstanding(Mil)1362.05

Analyst Estimate

Dec16 Dec17 Dec18
Revenue(Mil) 23,671 24,459 27,634
EPS($) 0.37 0.50 0.75
EPS without NRI($) 0.37 0.50 0.75

Business Description

Industry: Farm & Construction Machinery » Farm & Construction Equipment
Compare:NYSE:CAT, NYSE:DE, TSE:6326, TSE:6301 » 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.
» More Articles for CNHI

Headlines

Articles On GuruFocus.com
Bill Nygren and David Herro Comments on CNH Industrial Oct 08 2015 
Bill Nygren and David Herro Q3 Commentary on Oakmark Global Select Fund Oct 07 2015 
David Herro's Q3 Commentary for Oakmark International Fund Oct 07 2015 
Longleaf Partners Fund Shareholder Letter Sep 12 2015 
Mason Hawkins' Highest Performing Stocks Jul 22 2015 
Longleaf Partners Fund Commentary Q2 2015 Jul 13 2015 
Mason Hawkins Buys More Than 27 Million Shares of Royal Phillips Jul 12 2015 
Deere & Co. Stocks Climb Despite Lackluster Q2 Results May 26 2015 
Deere & Co. Q2 Earnings Preview May 18 2015 
Mason Hawkins Quadruples Stakes in Three Companies Nov 14 2014 

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