Stock fact sheet · data as of
FMC Corporation (FMC): fair value, margin of safety and Wheel Score
Basic Materials · Agricultural Inputs · United States · Speculative / Distressed
Is FMC undervalued?
FMC Corporation (FMC) closed at 5.62 on 16 Oct 2026. The GLS average fair value - the simple average of the 2 valuation models that produced a positive number - is 40.34, which puts the price 86% below it. 1 of the 2 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
Only 2 of the nine models produced a value (10 Cap, DDM); the others need a dividend, positive free cash flow or positive book value the company does not have yet, so the average rests on a narrow base.
The nightly engine files FMC under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for FMC
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | 75.96 | +1252% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 4.71 | -16% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | -21.00 | -474% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 13.10 | +133% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: FMC passes 4 of the nine Piotroski tests. Our screens drop the stock at the health rule; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is low at 1.5 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are thin or negative - ROIC -35.7%, ROE -108.1%, ROA -23.1% - with debt at 2.03 times equity and a free-cash-flow yield of 23.5%. Debt of 2.03 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
The dividend yield is high at 5.69% (payout ratio -6%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Insecticides 49%, Herbicides 37%, Fungicides 10% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 9/10 and Congressional trading 1/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | -35.7% |
|---|---|---|---|
| GLS Moat | 1.5 / 10 | ROE | -108.1% |
| Debt / equity | 2.03 | ROA | -23.1% |
| Free-cash-flow yield | 23.5% | Payout ratio | -6% |
| Institutions | 10 / 10 | Insiders · Congress | 9 · 1 / 10 |
Wheel Score 45: Weak
FMC scores 45 out of 100 on the Wheel Score, in the Weak band (under 50), capped at 45 because the engine files it as Speculative / Distressed. Value 25/25, Health 9/20, Moat 2/15, Premium 14/20, Stability 15/20. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 85% on the near-the-money contracts 20-60 days out - above the 60% ceiling of the sweet spot. Premiums are large, but the Wheel Score tapers the Premium points (14 of 20) because volatility this high usually comes with a reason. The option chain is deep: 90,216 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 32.6M shares a day on a market cap of $704M, with a beta of 0.46 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 15 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 86% margin of safety | |
| Health | 9 / 20 | Piotroski 4/9 | |
| Moat | 2 / 15 | moat 1.5/10 | |
| Premium | 14 / 20 | implied volatility 85% | |
| Stability | 15 / 20 | 32.6M shares/day, $704M cap, beta 0.46 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
FMC Corporation reports earnings on 29 Oct 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Agricultural Inputs
The 12 companies below are the closest to FMC Corporation by market cap within the Agricultural Inputs industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| BWEL JG Boswell Company | 587.05 | 275.89 | -113% | 10No options | $566M |
| IPI Intrepid Potash, Inc. | 32.27 | 28.36 | -14% | 54Fair | $434M |
| UAN CVR Partners, LP | 127.58 | 203.86 | +37% | 72Good | $1.3B |
| ITFS Itafos Inc. | 1.42 | 2.57 | +45% | 39No options | $277M |
| SMG The Scotts Miracle-Gro Company | 49.72 | 62.11 | +20% | 68Good | $2.9B |
| MOS The Mosaic Company | 18.95 | 9.58 | -98% | 57Fair | $6.0B |
| ICL ICL Group Ltd | 4.97 | 3.95 | -26% | 61Fair | $6.4B |
| CTVA Corteva, Inc. | 12.87 | 34.22 | +62% | 91Prime | $8.6B |
| AVD American Vanguard Corporation | 1.25 | - | - | 40Weak | $37M |
| CF CF Industries Holdings, Inc. | 119.77 | 165.20 | +27% | 88Prime | $18.1B |
| BIOX Bioceres Crop Solutions Corp. | 0.2939 | 18.65 | +98% | 45Weak | $19M |
| NTR Nutrien Ltd. | 69.58 | 63.31 | -10% | 72Good | $33.2B |
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Start free See the Sunday ScanQuestions about FMC
Is FMC undervalued right now?
By the GLS models, yes: at 5.62 the stock is 86% below the average fair value of 40.34 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of FMC and what does it mean?
FMC scores 45 out of 100 (Weak). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for FMC?
40.34 per share as of 16 Oct 2026 - the simple average of the 2 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does FMC Corporation report earnings next?
The next earnings report is due on 29 Oct 2026 (after the close), 13 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does FMC have listed options, and how liquid are they?
Yes. The nightly snapshot found 204 listed contracts with 90,216 open interest across all expiries and implied volatility of 85% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.