Deere & Co.
DE
Market Cap$114.92B
Close$
Earnings Call Q1 2024
February 15, 2024 - AI Summary
Deere & Company reported solid execution and strong financial results for the first quarter, with an 18.5% margin for the equipment operations.
The company expects farm fundamentals to moderate but remain supportive of equipment replacement demand, with U.S. net cash farm income forecasted to be down over 20% from 2023 levels.
Deere's order books remain healthy, reflecting normalized volumes, although fleet replenishment is moderating.
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$233.45
41.7% downside
Current Fair Value
41.7% downsideOvervalued by 41.7% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $114.92 Billion |
|---|---|
| Enterprise Value | $171.81 Billion |
| Dividend Yield | $5.5111 (1.33%) |
| Earnings per Share | $34.44 |
| Beta | 0.9 |
| Outstanding Shares | 278,358,210 |
| Avg 30 Day Volume | 1,435,496 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 11.54 |
|---|---|
| PEG | -108.69 |
| Price to Sales | 1.84 |
| Price to Book Ratio | 5.07 |
| Enterprise Value to Revenue | 2.83 |
| Enterprise Value to EBIT | 13.15 |
| Enterprise Value to Net Income | 17 |
| Total Debt to Enterprise | 0.37 |
| Debt to Equity | 2.86 |
Revenue Sources
No data
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 ...