CNHI (CNH Industrial NV) vs DAX Index Comparison

CNHI

DAX Index

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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CNHI

DAX Index

Difference

1Y 3Y 5Y 10Y 15Y 20Y

CNHI

DAX Index

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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DAX Index

CNHI

6326

TTC

AGCO

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1Y 3Y 5Y 10Y 15Y 20Y

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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CNH Industrial NV
Glance View

Market Cap

14.6B EUR

Industry

Machinery

CNH Industrial NV is a global powerhouse in the realm of capital goods, intricately weaving its operations through the fabric of essential sectors such as agriculture, construction, commercial vehicles, and powertrain technologies. The company, which emerged from a historic merger of Fiat Industrial and CNH Global in 2013, thrives on its robust portfolio of brands like Case IH, New Holland, and Iveco—synonymous with innovative equipment and vehicles that drive efficiency in farming, construction, and industry. By manufacturing and selling a dynamic range of tractors, combine harvesters, excavators, and commercial vehicles, CNH Industrial propels vital economic activities around the globe. Its business model hinges on crafting machinery that not only serves essential industries but also enhances productivity and sustainability, meeting the ever-evolving demands of its diverse clientele. In navigating the intricacies of the modern marketplace, CNH Industrial harnesses its keen focus on technological advancement and sustainability to carve out competitive edges. The company's commitment to R&D channels significant resources into creating next-gen machinery and cutting-edge powertrain solutions, which are vital for reducing environmental impact while maximizing operational efficiency. Meanwhile, the financial performance of CNH Industrial is bolstered not just by equipment sales, but also through a comprehensive array of after-sales services and a robust dealer network that ensures customer satisfaction and brand loyalty worldwide. By strategically positioning itself as an innovator and supportive partner to its clients, CNH Industrial manages to cultivate a symbiotic relationship with industries responsible for feeding, building, and transporting the world.

View CNHI Analysis

CNHI Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

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IN		Escorts Kubota Ltd NSE:ESCORTS	Add
SE		Husqvarna AB STO:HUSQ B	Add
TR		Turk Traktor ve Ziraat Makineleri AS IST:TTRAK.E	Add
CN	F	First Tractor Co Ltd SSE:601038	Add
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IT		Comer Industries SpA MIL:COM	Add

US		Deere & Co NYSE:DE	Select
JP		Kubota Corp TSE:6326	Select
US		Toro Co NYSE:TTC	Select
US		AGCO Corp NYSE:AGCO	Select
IN		Escorts Kubota Ltd NSE:ESCORTS	Select
SE		Husqvarna AB STO:HUSQ B	Select
TR		Turk Traktor ve Ziraat Makineleri AS IST:TTRAK.E	Select
CN	F	First Tractor Co Ltd SSE:601038	Select
US		Lindsay Corp NYSE:LNN	Select
IT		Comer Industries SpA MIL:COM	Select

US		Deere & Co NYSE:DE	Add
JP		Kubota Corp TSE:6326	Add
US		Toro Co NYSE:TTC	Add
US		AGCO Corp NYSE:AGCO	Add
IN		Escorts Kubota Ltd NSE:ESCORTS	Add
SE		Husqvarna AB STO:HUSQ B	Add
TR		Turk Traktor ve Ziraat Makineleri AS IST:TTRAK.E	Add
CN	F	First Tractor Co Ltd SSE:601038	Add
US		Lindsay Corp NYSE:LNN	Add
IT		Comer Industries SpA MIL:COM	Add

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CNHI

vs

DAX Index

Stocks Performance
CNHI vs DAX Index

Performance Gap
CNHI vs DAX Index

Performance By Year
CNHI vs DAX Index

Competitors Performance
CNH Industrial NV vs Peers

CNH Industrial NV
Glance View

Company

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CNHI vs DAX Index

Stocks Performance CNHI vs DAX Index

Performance Gap CNHI vs DAX Index

Performance By Year CNHI vs DAX Index

Competitors Performance CNH Industrial NV vs Peers

CNH Industrial NV Glance View

Company

Help

Tools

Stocks

CNHI

vs

DAX Index

Stocks Performance
CNHI vs DAX Index

Performance Gap
CNHI vs DAX Index

Performance By Year
CNHI vs DAX Index

Competitors Performance
CNH Industrial NV vs Peers

CNH Industrial NV
Glance View