Positive context积极背景
Stocks股票 / Industrials / CNH
CNH Industrial · Industrials
CNH US listed · USD美股 · 美元
CNH Industrial NV is an American-Britishmultinational corporation with global headquarters in Basildon, United Kingdom, but controlled and mostly owned by the Dutch investment company Exor, which in turn is controlled by the Agnelli family.凯斯纽荷兰工业集团（CNH Industrial NV）是一家美英跨国企业，全球总部位于英国巴西尔登，但由荷兰投资公司Exor控股并拥有大部分股权，而Exor又由阿涅利家族控制。
Large cap大盘 · $16B
Industrials
S&P 400标普400中盘
Cyclical周期股
$13.09
-$0.19 · -1.43%
52w low52周低 $9.00high高 $14.75
Lagging — relative weakness落后 — 相对弱势
The bottoming setup is not yet confirmed (price still below the 10-day average) and oscillators are already extended/overbought — not a safe entry. Wait for…筑底形态尚未确认（价格仍位于 10 日均线下方），且摆动指标已过热——此处入场风险较高。等待价格收复 10 日均线且动量趋于稳定后再考虑建仓。
As of 2026-09-28截至 2026-09-28
Company intelligence公司情报
The latest call, in context把最新财报放回历史脉络
A synthesized event record across management commentary and recorded metrics. Read as context; verify exact wording in the transcript before relying.综合管理层表述与记录指标形成事件档案。仅供参考；使用前请在电话会原文中核对准确措辞。
Live company record实时公司记录
JavaScript loads the source-bounded event record here. Open Terminal if the live module does not start.JavaScript 会在此加载受来源约束的事件记录。如实时模块未启动，请打开终端。
Continue with full transcript history继续查看完整电话会历史 ↗Pressure context压力背景
History mode历史模式
Context only仅供参考 · not a signal or recommendation不构成信号或建议
Narrative claims may await line-level citation; verify in the transcript.叙述性内容可能仍待逐行引用，请在电话会原文中核对。
Price chart价格图表
daily · interactive日线 · 可交互
Open in Terminal打开终端 ↗
Loading chart…图表加载中…
The interactive chart could not load here.互动图表暂时无法在此加载。
Open the live chart in Terminal在终端中打开实时图表 ↗
Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗
Technicals技术面
daily bars日线数据 · 2026-09-28
Momentum (RSI 14)动量（RSI 14）
53
Neutral zone中性区域
vs 50-day average相对50日均线
+10.4% above上方
Uptrend intact趋势完好
vs 200-day average相对200日均线
+19.3% above上方
Long trend up长期向上
Volatility波动率
87th percentile第87百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
next report下次财报 2026-11-0639
Estimates being cut预期下调
Mixed — beat 2 of last 4 quarters表现不稳 — 近 4 季中 2 季超预期
EPS surprise vs consensus, last quarters每股收益相对预期的超预期幅度（近几个季度） · average平均 13.1%
Valuation估值
Looks cheap vs sector相对行业偏便宜| Multiple指标 | CNH | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/E (trailing)市盈率（历史） | 31.88x | 27.93 | |
| P/S市销率 | 0.90x | 2.07 | |
| Earnings yield盈利收益率 | 3.14% | 3.38 |
"Cheaper than" = share of sector peers trading richer on that multiple.「相对便宜」= 行业中该指标估值更高的同行占比。
Financials财务数据
fiscal years财年Revenue营业收入
$18.1B2025
20202025
5-yr growth5年复合增速 -7.0%
Earnings per share每股收益
$0.412025
20202025
Net margin净利率
2.8%
FCF margin自由现金流利润率
14.0%
Balance-sheet quality财务体质 3/7
Watch关注
Capital allocation资本配置
Stock-based comp股权薪酬$45.0M
Share count change (1y)股数变化（1年）-0.5%
Debt coming due到期债务
FY2017 20-FIn the 12-month bucket following fiscal period end 2017-12-31, it reported $11.5B due — about 44% of its disclosed principal.在财年期末 2017-12-31 之后12个月的区间内，已披露到期本金为 $11.5B，约占其披露本金的 44%。
All maturity buckets are measured from fiscal period end 2017-12-31, not from today.所有到期区间均从财年期末 2017-12-31 起算，而非从今天起算。
First 12 months after period end报告期末之后首12个月
$11.5B
Year 2第2年
$4.1B
Year 3第3年
$3.0B
Year 4第4年
$2.9B
Year 5第5年
$1.5B
After year 55年以后
$2.9B
A cash-flow scenario is unavailable until the filing inputs are verified.报告数据核实前，现金流情景暂不可用。
Capital-need coverage is partial; incomplete or incompatible filing inputs are not combined.资本需求覆盖信息不完整；不会合并不完整或不兼容的报告数据。
Any available cash-flow scenario is context only. Missing or incompatible inputs are not replaced with zero or a financing forecast.可用现金流情景仅供参考；缺失或不兼容的输入不以零值或融资预测替代。
Sources and cash-flow calculation来源与现金流计算
Figures are XBRL facts from one filing — no two years are mixed. Filing数据取自同一份文件中的 XBRL 事实，不跨文件拼接。文件
0001564590-18-004221, period ending报告期截至 2017-12-31, unit单位 USD.
Cache acquired缓存获取时间: 2026-09-23T08:00:07.094791+00:00.
6/6 buckets reported.个区间有披露。
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsLongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwoLongTermDebtMaturitiesRepaymentsOfPrincipalInYearThreeLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFourLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFiveLongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
Research context only — reported figures from SEC filings, not a rating, a signal or investment advice.仅供研究参考 — 数据摘自 SEC 文件披露口径，不构成评级、信号或投资建议。
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Macro宏观
Rate risk runs through its market / growth beta, not a distinct duration leg.其利率风险通过市场／成长beta体现，并无独立的久期暴露。
Positioning持仓
Short interest changed -13.1%空头仓位变动 -13.1%
Technical技术面
CNH took relative-strength leadershipCNH 取得相对强弱领先
Ownership & smart money持仓与聪明钱
13FInsider activity:内部人动向： -$0.5M net (0 buyers, 1 sellers)-$0.5M 净值（0 买家，1 卖家）
Signal history信号历史
engine events引擎事件
NEARING A HIGH → BOTTOMING接近高点 → 筑底中
BUY SETUP. Buyers rejected the 2026-08-27 low (swing low printed) but price hasn't reclaimed its 10-day average — first box ticked, not all买入预备。买方拒绝了 2026-08-27 的低点（摆动低点已现），但价格尚未收复 10 日均线——第一项条件达成，并非全部
Sep 23, 2026
CNH took relative-strength leadershipCNH 取得相对强弱领先
Relative strength vs SPY crossed above the 90th percentile of the last 90 days — leadership tends to persist. $13.75.相对标普500的强弱上穿近90日的第90百分位 — 领先往往延续。$13.75。
Sep 18, 2026
CNH daily MACD crossed downCNH 日线MACD下穿
The daily MACD histogram turned negative — fast and noisy, context rather than a standalone trigger. $13.45.日线MACD柱状图转负 — 快速且嘈杂，仅作背景。$13.45。
Sep 16, 2026
NEARING A HIGH → BOTTOMING接近高点 → 筑底中
BUY SETUP买入预备
Sep 10, 2026
BUY ZONE → NEARING A HIGH买入区 → 接近高点
TAKE PROFITS止盈
Sep 9, 2026
UPTREND → BUY ZONE上涨趋势 → 买入区
BUY买入
Sep 8, 2026
NEARING A HIGH → UPTREND接近高点 → 上涨趋势
HOLD持有
Sep 2, 2026
BOTTOMING → NEARING A HIGH筑底中 → 接近高点
TAKE PROFITS止盈
Sep 2, 2026
CNH made a new 52-week highCNH 创52周新高
Price reached a fresh 52-week high — a momentum / trend extreme the whole market watches. $13.65.价格创出52周新高 — 全市场关注的动量/趋势极值。$13.65。
Sep 2, 2026
CNH RSI reached overboughtCNH RSI进入超买
RSI(14) crossed above 70 — stretched to the upside; context, not a timing trigger alone. $13.65.RSI(14)上穿70 — 上行过度；仅作背景，单独不构成择时。$13.65。
Showing the last 15 of显示最近15条，共 294 signals条信号
Company profile公司档案
CNH Industrial NV is an American-Britishmultinational corporation with global headquarters in Basildon, United Kingdom, but controlled and mostly owned by the Dutch investment company Exor, which in turn is controlled by the Agnelli family.凯斯纽荷兰工业集团（CNH Industrial NV）是一家美英跨国企业，全球总部位于英国巴西尔登，但由荷兰投资公司Exor控股并拥有大部分股权，而Exor又由阿涅利家族控制。
Style DNA — how it trades vs the market风格基因 — 相对市场的交易特征
Value价值
Below market低于市场
Quality质量
Below market低于市场
Investment资本投入
Above market高于市场
Low volatility低波动
Below market低于市场
Low market beta低市场敏感度
Below market低于市场
Earnings quality盈利质量
Below market低于市场
Short interest空头兴趣
Below market低于市场
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Valuation vs sector估值对比行业
| Multiple指标 | This stock本股 | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/E (trailing)市盈率（静态） | 31.9× | 27.9× | 39% |
| Price / Sales市销率 | 0.9× | 2.1× | 79% |
| Earnings yield盈利收益率 | 3.1% | 3.4% | 44% |
| Free-cash-flow yield自由现金流收益率 | 15.6% | 6.0% | 91% |
Relative strength相对强度
vs market, 1 month相对大盘（1个月）
29/100 — weaker than most弱于多数
vs market, 3 months相对大盘（3个月）
88/100 — stronger than most强于多数
vs market, 6 months相对大盘（6个月）
73/100 — stronger than most强于多数
vs market, 12 months相对大盘（12个月）
67/100 — middle of the pack居中
Rank in sector行业内排名
#185 / 263
0–100 percentile of total return vs all covered stocks.总回报在全部覆盖股票中的百分位（0–100）。
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | -2.7% | +1.3% |
| 1 Month近1月 | +12.7% | +0.9% |
| 3 Months近3月 | +18.7% | +6.1% |
| 6 Months近6月 | +23.3% | +22.3% |
| Year to date年初至今 | +41.4% | +13.8% |
| 1 Year近1年 | +22.4% | +18.5% |
| 3 Years近3年 | +16.2% | +87.8% |
Trading information交易信息
Beta vs market贝塔
1.09
Volatility rank波动率分位
87th pctile
Short interest空头占比
4.2% of float
Market cap市值
$16B
EPS (trailing)每股收益
$0.41
Off 52-week high距52周高点
-9.1%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20202020 | 20212021 | 20222022 | 20232023 | 20242024 | 20252025 | |
|---|---|---|---|---|---|---|
| Revenue营业收入 | $26.0B | $33.4B | $23.6B | $24.7B | $19.8B | $18.1B |
| EPS每股收益 | $-0.36 | $1.27 | $1.49 | $1.76 | $0.99 | $0.41 |
| Free cash flow自由现金流 | — | — | — | — | — | — |
| Gross margin毛利率 | 18.1% | 22.4% | 28.7% | 31.8% | 32.7% | 31.5% |
| Net margin净利率 | -1.9% | 5.2% | 8.6% | 9.6% | 6.3% | 2.8% |
| FCF margin自由现金流利润率 | — | — | — | — | — | — |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$18.1B
Net income净利润
$510M
Operating cash flow经营现金流
$2.5B
Total assets总资产
$42.7B
Shares outstanding总股本
1.24B
Returns & growth回报与增长
Return on assets资产回报率
1.2%
Profit growth利润增速
-59.1%
Asset growth资产增速
-0.4%
Accounting quality checks会计质量检查
- Earnings quality: accruals trending up over 6 fiscal years — earnings increasingly not cash-backed盈利质量：应计利润在 6 个财年间走高——盈利的现金支撑减弱
- Working capital: working capital roughly in line with sales营运资本：营运资本与销售大致同步
- Pricing power: gross margin +13.4pts over 6 years定价能力：毛利率 6 年上升 13.4 个百分点
- Capital discipline: disciplined growth, returning cash资本纪律：增长克制、回报股东
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
53
RSI (2-day)RSI（2日）
10
vs 20-day average相对20日均线
-2.3%
vs 50-day average相对50日均线
+10.4%
vs 200-day average相对200日均线
+19.3%
Golden cross (50>200)金叉（50>200）
in effect生效中
MACDMACD
below signal位于信号线下方
Timeframe alignment多周期共振
Daily日线
momentum down动能向下
3-day3日线
momentum up动能向上
Weekly周线
momentum up动能向上
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range state波幅状态
expanding — range opening up扩张中 — 波幅放大
Range width percentile波幅宽度分位
77/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Earnings — full detail财务业绩 — 完整明细
Surprise history超预期历史
| Quarter季度 | Reported实际 | Expected预期 | Surprise超预期 |
|---|---|---|---|
| Jun 2026 | $0.13 | $0.11 | +18.2% |
| Mar 2026 | $0.01 | $0.01 | 0.0% |
| Dec 2025 | $0.19 | $0.11 | +72.7% |
| Sep 2025 | $0.08 | $0.13 | -38.5% |
Estimate revisions预期修正
Analysts covering覆盖分析师
5
Estimate direction预期调整方向
mostly cutting多数下调
Estimate change, 90 days预期变化（90天）
-6.0%
Net upgrades, 30 days净上调（30天）
-3
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Insiders & shorts内部人与空头
Insider net buying (6 months)内部人净买入（6个月）
-$0.5M
Insider buyers vs sellers内部人买家vs卖家
0 : 1
Short interest空头占流通盘
4.2%
Days to cover回补天数
2.0
Short interest change空头变化
-13.1%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Seasonality — full detail季节性 — 完整明细
Strongest month最强月份
Feb · 100%
Weakest month最弱月份
Apr · 0%
Month by month逐月统计
| Month月份 | Closed higher收涨占比 | Median move中位涨跌 | Years年数 |
|---|---|---|---|
| Jan1月 | 67% | +13.1% | 3 |
| Feb2月 | 100% | +0.3% | 3 |
| Mar3月 | 33% | -3.8% | 3 |
| Apr4月 | 0% | -4.2% | 3 |
| May5月 | 33% | -3.3% | 3 |
| Jun6月 | 67% | +3.7% | 3 |
| Jul7月 | 67% | +0.4% | 3 |
| Aug8月 | 50% | +6.7% | 4 |
| Sep9月 | 50% | +7.6% | 4 |
| Oct10月 | 33% | -3.1% | 3 |
| Nov11月 | 33% | -1.2% | 3 |
| Dec12月 | 33% | -2.0% | 3 |
History is a tendency, not a promise — small samples wobble.历史规律只是倾向而非保证 — 样本少时波动大。
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。