Financials Deere & Company

Equities

DE

US2441991054

Heavy Machinery & Vehicles

Real-time Estimate Cboe BZX 14:41:10 22/07/2024 BST 5-day change 1st Jan Change
377.2 USD -0.23% Intraday chart for Deere & Company +3.48% -5.45%

Valuation

Fiscal Period: Oktober 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 54,823 71,456 106,137 119,777 104,011 104,182 - -
Enterprise Value (EV) 1 95,719 109,747 145,804 166,168 159,018 159,771 159,769 157,643
P/E ratio 17.2 x 26.2 x 18 x 17 x 10.4 x 15 x 15.2 x 13.2 x
Yield 1.75% 1.33% 0.97% 1.08% 1.34% 1.52% 1.56% 2.03%
Capitalization / Revenue 1.57 x 2.28 x 2.67 x 2.5 x 1.87 x 2.3 x 2.33 x 2.23 x
EV / Revenue 2.74 x 3.51 x 3.67 x 3.47 x 2.86 x 3.52 x 3.57 x 3.37 x
EV / EBITDA 17.6 x 20.6 x 16.1 x 15.8 x 11.3 x 15.4 x 15.4 x 13.8 x
EV / FCF 46 x 16.5 x 21.2 x 32.5 x 22.4 x 30.2 x 25.7 x 23 x
FCF Yield 2.18% 6.07% 4.72% 3.07% 4.46% 3.31% 3.89% 4.35%
Price to Book 4.78 x 5.53 x 5.79 x 5.96 x 4.84 x 4.81 x 4.67 x 3.82 x
Nbr of stocks (in thousands) 314,873 313,375 310,061 301,820 288,001 275,570 - -
Reference price 2 174.1 228.0 342.3 396.8 361.2 378.1 378.1 378.1
Announcement Date 27/11/19 25/11/20 24/11/21 23/11/22 22/11/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Ottobre 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 34,886 31,272 39,737 47,917 55,565 45,326 44,703 46,748
EBITDA 1 5,430 5,321 9,055 10,549 14,081 10,396 10,345 11,405
EBIT 1 4,415 4,305 8,012 9,508 12,958 9,027 8,788 9,664
Operating Margin 12.66% 13.77% 20.16% 19.84% 23.32% 19.92% 19.66% 20.67%
Earnings before Tax (EBT) 1 4,088 3,883 7,602 9,127 13,019 9,090 8,929 9,573
Net income 1 3,253 2,751 5,963 7,131 10,166 6,970 6,562 7,251
Net margin 9.32% 8.8% 15.01% 14.88% 18.3% 15.38% 14.68% 15.51%
EPS 2 10.15 8.690 18.99 23.28 34.63 25.26 24.82 28.60
Free Cash Flow 1 2,082 6,667 6,878 5,108 7,091 5,289 6,219 6,860
FCF margin 5.97% 21.32% 17.31% 10.66% 12.76% 11.67% 13.91% 14.67%
FCF Conversion (EBITDA) 38.34% 125.3% 75.96% 48.42% 50.36% 50.88% 60.11% 60.15%
FCF Conversion (Net income) 64% 242.35% 115.34% 71.63% 69.75% 75.89% 94.76% 94.61%
Dividend per Share 2 3.040 3.040 3.320 4.280 4.830 5.764 5.889 7.672
Announcement Date 27/11/19 25/11/20 24/11/21 23/11/22 22/11/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: October 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3
Net sales 1 8,531 12,034 13,000 14,351 11,402 16,079 14,284 13,801 10,486 13,610 10,969 10,236 9,688 12,910 11,649
EBITDA 1 1,492 2,931 3,156 3,192 2,797 4,184 3,773 3,276 2,496 3,404 2,376 1,955 2,388 3,326 2,978
EBIT 1 1,235 2,670 2,646 2,957 2,518 3,898 3,516 3,025 2,194 3,098 2,045 1,638 1,852 2,769 2,407
Operating Margin 14.48% 22.19% 20.35% 20.6% 22.08% 24.24% 24.61% 21.92% 20.92% 22.76% 18.64% 16% 19.11% 21.45% 20.66%
Earnings before Tax (EBT) 1 1,151 2,552 2,539 2,886 2,493 3,848 3,606 3,073 2,215 3,117 2,114 1,782 1,555 2,578 2,160
Net income 1 903 2,098 1,884 2,246 1,959 2,860 2,978 2,369 1,751 2,370 1,633 1,264 1,260 2,000 1,716
Net margin 10.58% 17.43% 14.49% 15.65% 17.18% 17.79% 20.85% 17.17% 16.7% 17.41% 14.88% 12.35% 13.01% 15.49% 14.73%
EPS 2 2.920 6.810 6.160 7.440 6.550 9.650 10.20 8.260 6.230 8.530 5.771 4.757 5.064 7.726 6.843
Dividend per Share 2 1.050 1.050 1.050 1.130 1.130 1.200 1.250 1.250 1.470 1.470 1.460 1.466 0.9161 0.9517 0.9517
Announcement Date 18/02/22 20/05/22 19/08/22 23/11/22 17/02/23 19/05/23 18/08/23 22/11/23 15/02/24 16/05/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 40,896 38,291 39,667 46,391 55,007 55,589 55,587 53,461
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 7.531 x 7.196 x 4.381 x 4.398 x 3.906 x 5.347 x 5.373 x 4.688 x
Free Cash Flow 1 2,082 6,667 6,878 5,108 7,091 5,289 6,219 6,860
ROE (net income / shareholders' equity) 28.7% 22.6% 38% 36.9% 48.4% 31.5% 29% 30.6%
ROA (Net income/ Total Assets) 4.45% 3.72% 7.49% 8.19% 10.5% 11.7% 10.3% 15.3%
Assets 1 73,088 74,051 79,603 87,072 97,058 59,457 63,465 47,394
Book Value Per Share 2 36.50 41.30 59.10 66.50 74.60 78.60 81.00 99.10
Cash Flow per Share 2 15.70 16.60 24.50 15.30 29.30 34.30 35.90 34.70
Capex 1 1,118 816 848 1,134 1,498 1,875 1,540 1,347
Capex / Sales 3.2% 2.61% 2.13% 2.37% 2.7% 4.14% 3.45% 2.88%
Announcement Date 27/11/19 25/11/20 24/11/21 23/11/22 22/11/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
25
Last Close Price
378.1 USD
Average target price
420.4 USD
Spread / Average Target
+11.20%
Consensus
  1. Stock Market
  2. Equities
  3. DE Stock
  4. Financials Deere & Company