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AGCO AGCO Argentia — Net monetary assets

Discontinued — last reported Q1 '23

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$475M+8.7%
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AESARGENTINA — Financing Receivable, after Allowance for Credit Loss
$5M-50.0%
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AESARGENTINA — Financing Receivable, before Allowance for Credit Loss
$5M-54.5%
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AESARGENTINA — Revenue
$91.5M+15.1%
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CNHArgentina — Net Sales
$136.75M-3.4%

Other financials

Income statement

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Revenue$2.3B+14.3%
Gross profit$581.4M+11.7%
Operating income$80.7M+63.4%
Net income$55.0M+424%
EPS (diluted)$0.76+443%

Balance sheet

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Cash & equivalents$514.9M-8.5%
Total debt$2.7B-12.3%
Total equity$4.3B+12.8%
Total assets$12.0B+4.9%

Cash flow

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Operating cash flow-$410.4M-93.4%
CapEx$44.6M-7.5%
Free cash flow-$455.0M-74.7%

Valuation

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Market cap$8.23B+21.5%
Enterprise value$10.46B+12.1%
P/E10.7×
P/S0.8×+0.2×

Profitability

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Gross margin25.3%+0.8pp
Operating margin6%+4.5pp
Net margin7.4%+5.2pp
FCF margin5.3%+0.6pp

Returns & leverage

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Return on equity19%+13.4pp
Debt / equity0.6×-0.2×
Current ratio1.3×-0.2×

Where this comes from

Reported directly by AGCO in its filing.

Tagged under the XBRL concept us-gaap:AssetsNet.

The official record: AGCO’s 10-Q, filed May 9, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is AGCO's argentia — net monetary assets?
AGCO (AGCO) reported argentia — net monetary assets of $3.9B in Q1 2023.
What does argentia — net monetary assets mean?
The net value of cash and receivables minus monetary liabilities held in the Argentina segment.
How do you interpret argentia — net monetary assets?
An increase in net monetary assets in a high-inflation environment typically signals exposure to potential purchasing power loss, while a decrease may indicate active hedging or capital repatriation strategies.
How does argentia — net monetary assets compare across companies?
Similar to net monetary position metrics used by multinational corporations operating in hyperinflationary economies like Turkey or Argentina.