Agco Corp. (AGCO) intrinsic value & 10-year financials
Agco Corp. (AGCO) has a Graham intrinsic value of $323.85 per share. At $103.72 on Oct 17, 2026, the stock trades 68% below that value. Over the last 10 fiscal years revenue grew 3.5% a year to $10.1B, with an average return on invested capital of 11.6%.
- Graham intrinsic value
- $323.85
- Share price (Oct 17, 2026)
- $103.72
- Price vs Graham value
- 68% below
- Market cap
- $7.7B
- Revenue (FY2025)
- $10.1B
- Revenue growth (10-yr CAGR)
- 3.5%
- ROIC (10-yr avg)
- 11.6%
- Free cash flow (FY2025)
- $740.2M
AGCO 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $10.1B | $726.5M | $9.75 | $740.2M | 5.9% | 10.5% |
| FY2024 | $11.7B | -$424.8M | -$5.69 | $296.6M | -1.0% | -2.2% |
| FY2023 | $14.4B | $1.2B | $15.63 | $585.0M | 11.8% | 27.7% |
| FY2022 | $12.7B | $889.6M | $11.87 | $449.9M | 10.0% | 21.7% |
| FY2021 | $11.1B | $897.0M | $11.85 | $390.4M | 9.0% | 23.4% |
| FY2020 | $9.1B | $427.1M | $5.65 | $626.6M | 6.6% | 11.3% |
| FY2019 | $9.0B | $125.2M | $1.63 | $422.5M | 3.9% | 4.5% |
| FY2018 | $9.4B | $285.5M | $3.58 | $392.6M | 5.2% | 8.5% |
| FY2017 | $8.3B | $186.4M | $2.32 | $373.7M | 4.9% | 5.6% |
| FY2016 | $7.4B | $160.1M | $1.96 | $168.5M | 3.9% | 4.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
AGCO CORP /DE has demonstrated mature, steady growth, with revenue compounding at 3.5% annually over the past decade.
AGCO CORP /DE returns on capital have been average, hovering around 11.6% ROIC over the decade.
AGCO CORP /DE has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, AGCO CORP /DE is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $323.85 per share.