Deere & Co.
DE
Market Cap$133.7B
Close$
Earnings Call Q1 2025
February 13, 2025 - AI Summary
Decline in Earnings and Sales: Deere & Company reported a 30% decline in net sales to $8.508 billion for the first quarter, with equipment operations sales down 35% to $6.809 billion. Net income was $869 million, or $3.19 per diluted share, which reflects a year-over-year decrease, impacting overall performance significantly.
Forecast for Production and Precision Ag: The forecast for production and precision agriculture net sales is now projected to decline between 15% and 20% for the full year, primarily due to a stronger dollar affecting currency translation. The segment is expected to maintain an operating margin between 16% and 17%.
Outlook for Agriculture and Turf Markets: The US and Canada large ag equipment industry sales are expected to decrease approximately 30% due to macroeconomic uncertainties, elevated interest rates, and higher used inventory levels. Small ag and turf industry demand is anticipated to remain down around 10%. Positive influence from government support and improved farm net income may provide some insulation from further declines.
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$225.36
54.8% downside
Current Fair Value
54.8% downsideOvervalued by 54.8% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $133.70 Billion |
|---|---|
| Enterprise Value | $139.91 Billion |
| Dividend Yield | $6.18 (1.25456760048721%) |
| Earnings per Share | $25.72 |
| Beta | 1.09 |
| Outstanding Shares | 271,600,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 21.52 |
|---|---|
| PEG | -42.72 |
| Price to Sales | 2.95 |
| Price to Book Ratio | 6.01 |
| Enterprise Value to Revenue | 3.04 |
| Enterprise Value to EBIT | 14.34 |
| Enterprise Value to Net Income | 22 |
| Total Debt to Enterprise | 0.09 |
| Debt to Equity | 0.57 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Deere & Co.
74,412 employees
CEO: John May Deere & Company is a world leader in providing advanced products, technology and services for customers whose work is revolutionizing agriculture and construction - those who cultivate, harvest, transform, enrich and build upon the land ...