Deere & Co

  • Earnings Score
  • Moat Score
  • Safety Score
  • Final Score
  • Market Cap $123.15B
  • PE 15
  • Debt $15.29B
  • Cash $7.29B
  • EV $131.15B
  • FCF $8.18B

Earnings

Sales & Net Margins

Earnings$8.21B
EBIT$14.02B
ROE36%
ROA13%
FCF$8.18B
Equity$23.07B
Growth Stability100%
PE14.99
PEG0.43
PB5.34
P/FCF15.06
P/S2.2
Price/Cash0.06
Debt/Equity0.66
Debt/FCF1.87
Net Margins14%
Op. Margins25%
Earnings CAGR28%
Sales Growth YoY-17%
Sales Growth QoQ-14%
Sales CAGR11%
FCF CAGR27%
Equity CAGR15%
Earnings Stability0.89
Earnings Growth YoY-42%
Earnings Growth QoQ-27%
Earnings CAGR 5Y35%
Sales CAGR 5Y14%
FCF CAGR 5Y10%
Equity CAGR 5Y18%
Earnings CAGR 3Y13%
Sales CAGR 3Y13%
FCF CAGR 3Y31%
Equity CAGR 3Y10%
Market Cap$123.15B
Revenue$55.98B
Dividend Yield1%
Payout Ratio20%
Assets$107.84B
Total Debt$15.29B
Cash$7.29B
Shares Outstanding273.6M
EV131.15B
Earnings Score95%
Moat Score95%
Safety Score93%
Final Score94%
Shares Growth 3y-5%
Equity Growth QoQ2%
Equity Growth YoY0%

Assets & ROA

Stockholders Equity & ROE

Deere is the world's leading manufacturer of agricultural equipment, producing some of the most recognizable machines in the heavy machinery industry. The company is divided into four reportable segments: production and precision agriculture, small agriculture and turf, construction and forestry, and John Deere Capital. Its products are available through a robust dealer network, which includes over 1,900 dealer locations in North America and approximately 3,700 locations globally. John Deere Capital provides retail financing for machinery to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Deere product sales.

SEC Filings

Direct access to Deere & Co (DE) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2024
    • 10-Q Jul 28
    • 10-Q Apr 28
    • 10-Q Jan 28
  • 2023
    • 10-K Oct 29
    • 10-Q Jul 30
    • 10-Q Apr 30
    • 10-Q Jan 29
  • 2022
    • 10-K Oct 30
    • 10-Q Jul 31
    • 10-Q May 01
    • 10-Q Jan 30

Sector Comparison

How does Deere & Co compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Deere & Co compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 28%
Stability 89%

Deere & Co Discounted Cash Flow

Fully customizable DCF calculator online for Deere & Co.

= $546B
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fcf$8.2B$10B$13B$17B$21B$27B$35B$44B$56B$71B$90B$903B
DCF$9.5B$11B$13B$15B$17B$20B$23B$26B$30B$35B$348B
Value$546B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years10/201510/201610/201710/201811/201910/202010/202110/202210/2023TTM
Net Margins7%6%7%6%8%8%14%14%17%14%
ROA-5%6%8%8%7%10%11%15%13%
ROE-23%23%21%28%21%32%35%47%36%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years10/201510/201610/201710/201811/201910/202010/202110/202210/2023TTM
Debt over FCF--16.1329.4813.196.26.373.532.531.87
Debt over Equity3.53-2.712.412.653.192.380.620.820.66
Growth Stability---100%100%100%100%100%100%100%

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years10/201510/201610/201710/201811/201910/202010/202110/202210/2023CAGR 5Y
Revenue YoY growth--8%12%26%5%-9%24%19%16%14%
Earnings YoY growth--22%42%10%37%-15%117%20%42%35%
Equity YoY growth--3%46%18%1%13%42%10%8%18%
FCF YoY growth-2%-49%-42%148%191%3%-48%99%10%