Added to YB: 2026-07-31
Pitch date: 2026-07-29
FMC [bullish]
FMC Corporation
+12.67%
current return
Author Info
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Company Info
FMC Corporation, an agricultural sciences company, develops, markets, and sells crop protection chemicals in Latin America, North America, Europe, the Middle East, Africa, and Asia.
Market Cap
$1.3B
Pitch Price
$10.50
Price Target
35.00 (+196%)
Dividend
3.20%
EV/EBITDA
17.20
P/E
-0.47
EV/Sales
1.56
Sector
Chemicals
Category
turnaround
FMC Corporation may be too ugly to ignore.
FMC (calls): Distressed 148yr agrochem co, stock -70% Y/Y, -85% 5yr to $11, below GFC lows. $2.5B loss on $3.4B rev, $4.5B debt, booted from S&P500, 86% div cut. Diamide patent cliff vs China/India generics. Thesis: Brondeau return + $1B deleveraging = M&A target $25-35/sh. 0.8x P/B, 8.1x EV/EBITDA vs 12x peers. Playing 2028 OTM calls.
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