Deere & Co Stock Research

Market Summary

USD393.01+6.51

Delayed

1.68%

DE Alerts

Big jump in Revenue (Y/Y)
Big jump in Earnings (Y/Y)

DE Stock Price

DE RSI Chart

DE Valuation

Market Cap

117.0B

Price/Earnings (Trailing)

14.29

Price/Sales (Trailing)

2.1

EV/EBITDA

8.26

Price/Free Cashflow

24.62

DE Price/Sales (Trailing)

DE Profitability

EBT Margin

18.81%

Return on Equity

38.38%

Return on Assets

8.94%

Free Cashflow Yield

4.06%

DE Fundamentals

DE Revenue

Revenue (TTM)

55.7B

Revenue Y/Y

32.22%

Revenue Q/Q

-18.56%

DE Earnings

Earnings (TTM)

8.2B

Earnings Y/Y

116.94%

Earnings Q/Q

-12.78%

Price Action

52 Week Range

283.81448.40

(Low)(High)

Last 7 days

-0.4%

Last 30 days

-5.9%

Last 90 days

-9.6%

Trailing 12 Months

-9.4%

DE Financial Health

DE Investor Care

Dividend Yield

1.15%

Dividend/Share (TTM)

4.51

Buy Backs (1Y)

3.19%

Diluted EPS (TTM)

26.92

Peers (Alternatives to Deere)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
DE	117.0B	55.7B	-5.85%	-9.39%	14.29	2.1	25.13%	45.08%
CMI	32.0B	28.1B	-7.03%	11.16%	14.67	1.14	16.87%	0.88%
DOV	20.3B	8.5B	-3.47%	-8.46%	19.1	2.39	7.60%	-5.20%
TTC	11.3B	4.7B	-1.35%	27.66%	25.59	2.4	17.70%	8.16%
MID-CAP
AGCO	9.4B	12.7B	-7.92%	-9.32%	10.58	0.74	13.58%	-0.82%
LECO	9.4B	3.8B	-2.19%	21.49%	19.9	2.5	16.30%	70.81%
PNR	8.7B	4.1B	-4.85%	-3.63%	18.04	2.1	9.48%	-13.04%
JBT	3.3B	2.2B	-3.25%	-9.20%	24.9	1.5	15.93%	10.39%
TEX	3.2B	4.4B	-20.55%	24.06%	10.72	0.73	13.66%	35.81%
ALG	2.1B	1.5B	-0.44%	20.63%	20.7	1.39	13.45%	27.02%
KMT	2.1B	2.0B	-6.96%	-10.33%	16.25	1.02	3.22%	2.22%
SMALL-CAP
LNN	1.6B	704.6M	-1.91%	-5.45%	21.05	2.26	6.02%	74.71%
CMCO	1.0B	935.8M	-2.79%	-22.96%	21.63	1.07	11.48%	69.08%
HY	772.7M	3.5B	51.31%	39.73%	-10.43	0.22	15.37%	57.17%
ARTW	9.7M	28.4M	-10.91%	-67.39%	41.49	0.36	13.76%	-54.01%

Financials for Deere

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	5.9%	55,660	52,577	48,368	45,793	44,481
S&GA Expenses	4.4%	4,034	3,863	3,607	3,489	3,395
R&D Expenses	4.9%	2,005	1,912	1,786	1,699	1,623
Costs and Expenses	4.0%	45,191	43,450	40,513	38,327	37,255
EBITDA	13.2%	13,683	12,084	10,701	10,265	10,175
EBITDA Margin	7.0%	0.25*	0.23*	0.22*	0.22*	0.23*
Earnings Before Taxes	14.7%	10,469	9,127	7,855	7,466	7,226
EBT Margin	8.3%	0.19*	0.17*	0.16*	0.16*	0.16*
Interest Expenses	23.4%	1,311	1,062	922	870	951
Net Income	14.8%	8,187	7,131	6,168	5,951	5,643
Net Income Margin	8.4%	0.15*	0.14*	0.13*	0.13*	0.13*
Free Cahsflow	33.2%	4,750	3,565	2,878	3,304	4,143

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	1.8%	91,620	90,030	86,817	84,099	79,614
Cash Equivalents	-16.7%	3,976	4,774	4,359	3,878	4,472
Inventory	18.4%	10,056	8,495	9,121	9,030	7,935
Goodwill	5.5%	3,891	3,687	3,754	3,812	3,192
Liabilities	0.7%	70,184	69,673	67,686	65,093	61,806
LT Debt, Non Current	-1.2%	32,447	32,838	-	-	-
Shareholder's Equity	5.3%	21,332	20,262	19,033	18,907	17,804
Retained Earnings	3.8%	43,846	42,247	40,346	38,805	37,029
Shares Outstanding	-2.1%	298	304	306	307	-
Minority Interest	33.3%	4.00	3.00	3.00	3.00	4.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	27.8%	6,006	4,699	3,830	4,178	5,030
Share Based Compensation	5.9%	90.00	85.00	82.00	81.00	85.00
Cashflow From Investing	1.3%	-8,373	-8,485	-7,078	-6,251	-5,681
Cashflow From Financing	149.9%	2,064	826	288	-1,023	-1,722
Dividend Payments	1.1%	1,327	1,313	1,250	1,209	1,125
Buy Backs	17.6%	4,231	3,597	3,235	2,720	2,809

Risks for DE

What is the probability of a big loss on DE?

60.4%

Probability that Deere stock will be more than 20% underwater in next one year

34.6%

Probability that Deere stock will be more than 30% underwater in next one year.

Probability that Deere stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does DE drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Deere was unfortunately bought at previous high price.

Drawdowns

Returns for DE

Cumulative Returns on DE

18.7%

10-Year Cumulative Returns

27.6%

7-Year Cumulative Returns

22.7%

5-Year Cumulative Returns

44.4%

3-Year Cumulative Returns

What are the long-term rolling returns for DE?

FIve years rolling returns for Deere.

Annualized Returns

Which funds bought or sold DE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-24	Freemont Management S.A.	unchanged	-	1,271,380	5,745,380	0.90%
2023-03-24	Longbow Finance SA	new	-	12,828,100	12,828,100	1.73%
2023-03-23	ETF MANAGERS GROUP, LLC	reduced	-37.55	-182,533	737,467	0.04%
2023-03-23	MetLife Investment Management, LLC	reduced	-3.24	6,924,290	35,476,900	0.28%
2023-03-17	American Portfolios Advisors	reduced	-4.38	133,881	2,163,150	0.09%
2023-03-15	B. Riley Wealth Advisors, Inc.	added	2.25	2,084,870	8,669,870	0.24%
2023-03-13	Claro Advisors LLC	added	34.27	197,090	410,090	0.13%
2023-03-10	MATHER GROUP, LLC.	added	88.68	482,921	821,921	0.02%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-14.07	6,382,650	68,056,600	0.07%
2023-03-10	BAILLIE GIFFORD & CO	reduced	-13.93	47,367,500	497,134,000	0.52%

Latest Funds Activity

Are funds buying DE calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own DE

No. of Funds

Deere News

Schedule 13G FIlings of Deere

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	7.42%	22,117,165	SC 13G/A
Feb 07, 2023	blackrock inc.	6.4%	18,960,134	SC 13G/A
Jul 22, 2022	cascade investment, l.l.c.	6.5%	19,771,964	SC 13D/A
Mar 11, 2022	blackrock inc.	5.7%	17,536,466	SC 13G/A
Feb 09, 2022	vanguard group inc	6.99%	21,484,587	SC 13G/A
Feb 08, 2022	blackrock inc.	5.7%	17,536,466	SC 13G
Aug 06, 2021	cascade investment, l.l.c.	8.5%	26,446,073	SC 13D/A
Feb 10, 2021	vanguard group inc	7.01%	21,972,786	SC 13G/A
Feb 04, 2021	wellington management group llp	3.58%	11,211,907	SC 13G/A
Jan 29, 2021	blackrock inc.	6.4%	20,066,592	SC 13G/A

DE Fair Value

Deere fair value in different scenarios

The table shows the Fair Value estimates for Deere for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	405.17 3.09%	513.07 30.55%	711.10 80.94%	972.45 147.44%	1258.66 220.26%
Current Inflation	369.99 -5.86%	461.46 17.42%	627.09 59.56%	845.58 115.15%	1084.14 175.86%
Very High Inflation	326.83 -16.84%	399.47 1.64%	528.61 34.50%	699.25 77.92%	884.82 125.14%

Historical Deere Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Deere

View All Filings

Date Filed	Form Type	Document
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading

Latest Insider Trading transactions for DE

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-01	STOCKTON DMITRI L	acquired	-	-	393	-
2023-03-01	PAGE GREGORY R	acquired	-	-	393	-
2023-03-01	SMITH SHERRY M	acquired	-	-	393	-
2023-03-01	Erwin Tami A.	acquired	-	-	393	-
2023-03-01	JONES CLAYTON M	acquired	-	-	393	-
2023-03-01	HOLLIDAY CHARLES O JR	acquired	-	-	393	-
2023-03-01	Caret Leanne G	acquired	-	-	393	-
2023-03-01	Talton Sheila	acquired	-	-	393	-
2023-03-01	Heuberger Alan Cletus	acquired	-	-	393	-
2023-03-01	Johanns Michael O.	acquired	-	-	393	-

About Deere

John C. May

www.deere.com

65535

Deere & Company manufactures and distributes various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers. The Small Agriculture and Turf segment offers utility tractors, and related loaders and attachments; turf and utility equipment, including riding lawn equipment, commercial mowing equipment, golf course equipment, and utility vehicles, as well as implements for mowing, tilling, snow and debris handling, aerating, residential, commercial, golf, and sports turf care applications; other outdoor power products; and hay and forage equipment. This segment also resells products from other manufacturers. It serves dairy and livestock producers, crop producers, and turf and utility customers. The Construction and Forestry segment provides a range of backhoe loaders, crawler dozers and loaders, four-wheel-drive loaders, excavators, motor graders, articulated dump trucks, landscape and skid-steer loaders, milling machines, pavers, compactors, rollers, crushers, screens, asphalt plants, log skidders, log feller bunchers, log loaders and forwarders, log harvesters, and attachments; and roadbuilding equipment. The Financial Services segment finances sales and leases agriculture and turf, and construction and forestry equipment. It also offers wholesale financing to dealers of the foregoing equipment; and extended equipment warranties, as well as finances retail revolving charge accounts. Deere & Company was founded in 1837 and is headquartered in Moline, Illinois.

DE Income Statement

2023-01-29

STATEMENTS OF CONSOLIDATED INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Jan. 29, 2023	Jan. 30, 2022
Net Sales and Revenues
Net sales and revenues	$ 12,652	$ 9,569
Costs and Expenses
Research and development expenses	495	402
Selling, administrative and general expenses	952	781
Interest expense	479	229
Other operating expenses	299	311
Total	10,159	8,418
Income of Consolidated Group before Income Taxes	2,493	1,151
Provision for income taxes	537	250
Income of Consolidated Group	1,956	901
Equity in income of unconsolidated affiliates	1	3
Net Income	1,957	904
Less: Net income (loss) attributable to noncontrolling interests	(2)	1
Net Income Attributable to Deere & Company	$ 1,959	$ 903
Per Share Data
Basic (in dollars per share)	$ 6.58	$ 2.94
Diluted (in dollars per share)	6.55	2.92
Dividends declared (in dollars per share)	1.20	1.05
Dividends paid (in dollars per share)	$ 1.13	$ 1.05
Average Shares Outstanding
Basic (in shares)	297.6	307.4
Diluted (in shares)	299.1	309.4
Net Sales
Net Sales and Revenues
Net sales and revenues	$ 11,402	$ 8,531
Cost of Sales
Cost of sales	7,934	6,695
Finance and Interest Income
Net Sales and Revenues
Net sales and revenues	994	800
Other income
Net Sales and Revenues
Net sales and revenues	$ 256	$ 238

DE Balance Sheet

2023-01-29

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jan. 29, 2023	Oct. 30, 2022	Jan. 30, 2022
ASSETS
Cash and cash equivalents	$ 3,976	$ 4,774	$ 4,472
Marketable securities	852	734	735
Trade accounts and notes receivable - net	7,609	6,410	4,855
Other receivables	1,992	2,492	1,936
Equipment on operating leases - net	6,502	6,623	6,624
Inventories	10,056	8,495	7,935
Property and equipment - net	6,212	6,056	5,665
Goodwill	3,891	3,687	3,192
Other intangible assets - net	1,255	1,218	1,209
Retirement benefits	3,793	3,730	3,158
Deferred income taxes	914	824	923
Other assets	2,597	2,417	2,203
Total Assets	91,620	90,030	79,614
LIABILITIES
Short-term borrowings	14,129	12,592	10,990
Short-term securitization borrowings	4,864	5,711	3,482
Accounts payable and accrued expenses	13,108	14,822	10,651
Deferred income taxes	519	495	556
Long-term borrowings	35,071	33,596	32,838
Retirement benefits and other liabilities	2,493	2,457	3,289
Total liabilities	70,184	69,673	61,806
Commitments and contingencies (Note 16)
Redeemable noncontrolling interest	100	92
STOCKHOLDERS' EQUITY
Common stock, $1 par value (issued shares at January 29, 2023 - 536,431,204)	5,191	5,165	5,066
Common stock in treasury	(25,333)	(24,094)	(21,139)
Retained earnings	43,846	42,247	37,029
Accumulated other comprehensive income (loss)	(2,372)	(3,056)	(3,152)
Total Deere & Company stockholders' equity	21,332	20,262	17,804
Noncontrolling interests	4	3	4
Total stockholders' equity	21,336	20,265	17,808
Total Liabilities and Stockholders' Equity	91,620	90,030	79,614
Unrestricted
ASSETS
Financing receivables - net	36,882	36,634	33,191
Securitized
ASSETS
Financing receivables - net	$ 5,089	$ 5,936	$ 3,516
Location of liability for pledged asset	Short-term securitization borrowings	Short-term securitization borrowings	Short-term securitization borrowings
Other assets	$ 97	$ 155	$ 100
Total Assets	$ 5,186	$ 6,091	$ 3,616