Market Cap
US$105.9b
Last Updated
2021/03/05 00:56 UTC
Data Sources
Company Financials +
Executive Summary
Deere & Company, together with its subsidiaries, manufactures and distributes various equipment worldwide. More Details
Snowflake Analysis
Proven track record with adequate balance sheet and pays a dividend.
Similar Companies
Share Price & News
How has Deere's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: DE's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-2.9%
DE
-1.3%
US Machinery
-2.4%
US Market
1 Year Return
112.5%
DE
50.7%
US Machinery
31.2%
US Market
Return vs Industry: DE exceeded the US Machinery industry which returned 50.7% over the past year.
Return vs Market: DE exceeded the US Market which returned 31.2% over the past year.
Shareholder returns
| DE | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.9% | -1.3% | -2.4% |
| 30 Day | 11.7% | 4.9% | -3.0% |
| 90 Day | 33.4% | 10.8% | 3.2% |
| 1 Year | 116.1%112.5% | 54.4%50.7% | 34.1%31.2% |
| 3 Year | 121.5%109.8% | 44.7%34.4% | 48.1%38.6% |
| 5 Year | 353.9%310.2% | 154.9%128.8% | 116.5%92.3% |
Long-Term Price Volatility Vs. Market
How volatile is Deere's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Do Deere's (NYSE:DE) Earnings Warrant Your Attention?2 weeks ago | Simply Wall St
What To Know Before Buying Deere & Company (NYSE:DE) For Its Dividend1 month ago | Simply Wall St
What Can The Trends At Deere (NYSE:DE) Tell Us About Their Returns?Valuation
Is Deere undervalued compared to its fair value and its price relative to the market?
30.64x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: DE ($337.95) is trading above our estimate of fair value ($180.67)
Significantly Below Fair Value: DE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: DE is good value based on its PE Ratio (30.6x) compared to the US Machinery industry average (33.4x).
PE vs Market: DE is poor value based on its PE Ratio (30.6x) compared to the US market (21x).
Price to Earnings Growth Ratio
PEG Ratio: DE is poor value based on its PEG Ratio (16.2x)
Price to Book Ratio
PB vs Industry: DE is overvalued based on its PB Ratio (7.5x) compared to the US Machinery industry average (3.1x).
Next Steps
Future Growth
How is Deere forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
1.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DE's forecast earnings growth (1.9% per year) is below the savings rate (2%).
Earnings vs Market: DE's earnings (1.9% per year) are forecast to grow slower than the US market (19.5% per year).
High Growth Earnings: DE's earnings are forecast to grow, but not significantly.
Revenue vs Market: DE's revenue (7.6% per year) is forecast to grow slower than the US market (10.1% per year).
High Growth Revenue: DE's revenue (7.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DE's Return on Equity is forecast to be high in 3 years time (35.4%)
Next Steps
Past Performance
How has Deere performed over the past 5 years?
16.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DE has high quality earnings.
Growing Profit Margin: DE's current net profit margins (9.3%) are higher than last year (8.4%).
Past Earnings Growth Analysis
Earnings Trend: DE's earnings have grown by 16.7% per year over the past 5 years.
Accelerating Growth: DE's earnings growth over the past year (5.7%) is below its 5-year average (16.7% per year).
Earnings vs Industry: DE earnings growth over the past year (5.7%) exceeded the Machinery industry -12.2%.
Return on Equity
High ROE: Whilst DE's Return on Equity (24.56%) is high, this metric is skewed due to their high level of debt.
Next Steps
Financial Health
How is Deere's financial position?
Financial Position Analysis
Short Term Liabilities: DE's short term assets ($53.9B) exceed its short term liabilities ($22.3B).
Long Term Liabilities: DE's short term assets ($53.9B) exceed its long term liabilities ($39.1B).
Debt to Equity History and Analysis
Debt Level: DE's debt to equity ratio (326.6%) is considered high.
Reducing Debt: DE's debt to equity ratio has reduced from 549.2% to 326.6% over the past 5 years.
Debt Coverage: DE's debt is not well covered by operating cash flow (17.7%).
Interest Coverage: DE's interest payments on its debt are well covered by EBIT (18.5x coverage).
Balance Sheet
Next Steps
Dividend
What is Deere current dividend yield, its reliability and sustainability?
1.07%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: DE's dividend (1.07%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: DE's dividend (1.07%) is low compared to the top 25% of dividend payers in the US market (3.72%).
Stability and Growth of Payments
Stable Dividend: DE's dividends per share have been stable in the past 10 years.
Growing Dividend: DE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (27.6%), DE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: DE's dividends in 3 years are forecast to be well covered by earnings (18.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
John May (51 yo)
1.33yrs
Tenure
US$15,588,384
Compensation
Mr. John C. May II is Chairman of the Board of Directors and Chief Executive Officer of Deere & Company since November 2019 and May 2020 respectively. He was named President & Chief Operating Officer earli...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD15.59M) is above average for companies of similar size in the US market ($USD10.58M).
Compensation vs Earnings: John's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 1.33yrs | US$15.59m | 0.016% $ 17.0m | |
| Senior VP & CFO | 1.92yrs | US$5.62m | 0.0014% $ 1.4m | |
| Chief Information Officer | 2.33yrs | US$6.51m | 0.016% $ 16.5m | |
| Chief Legal Officer | 8.17yrs | US$6.40m | 0.014% $ 14.5m | |
| President of Worldwide Ag & Turf Division | 1.92yrs | US$6.19m | 0.0056% $ 5.9m | |
| Vice President of Pension Fund & Investments | 6.08yrs | no data | no data | |
| Chief Technology Officer | 0.67yr | no data | no data | |
| Group President of Lifecycle Solutions & Chief Administrative Officer | 4.33yrs | no data | 0.0033% $ 3.5m | |
| Director of Investor Relations | no data | no data | no data | |
| VP & Chief Compliance Officer | 5.83yrs | no data | no data | |
| Director of Global Public Relations | no data | no data | no data | |
| Director of Public Relations | no data | no data | no data |
2.3yrs
Average Tenure
51.5yo
Average Age
Experienced Management: DE's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 1.33yrs | US$15.59m | 0.016% $ 17.0m | |
| Independent Presiding Director | no data | US$314.86k | 0.0038% $ 4.0m | |
| Independent Director | 9.25yrs | US$322.55k | 0% $ 0 | |
| Independent Director | 13.58yrs | US$309.86k | 0.00026% $ 275.4k | |
| Independent Director | 8.17yrs | US$310.83k | 0.00035% $ 370.7k | |
| Independent Director | 19.17yrs | US$346.67k | 0.0042% $ 4.5m | |
| Independent Director | 5.25yrs | US$294.86k | 0% $ 0 | |
| Independent Director | 4.25yrs | US$294.86k | 0.000030% $ 31.8k | |
| Independent Director | 6.17yrs | US$308.19k | 0% $ 0 | |
| Independent Director | 0.83yr | US$181.10k | 0% $ 0 | |
| Independent Director | 6.17yrs | US$294.86k | 0% $ 0 |
6.2yrs
Average Tenure
63yo
Average Age
Experienced Board: DE's board of directors are considered experienced (6.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Deere & Company's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Deere & Company
- Ticker: DE
- Exchange: NYSE
- Founded: 1837
- Industry: Agricultural and Farm Machinery
- Sector: Capital Goods
- Market Cap: US$105.927b
- Shares outstanding: 313.44m
- Website: https://www.deere.com
Number of Employees
Location
- Deere & Company
- One John Deere Place
- Moline
- Illinois
- 61265
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DE | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Jan 1968 |
| DCO | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jan 1968 |
| DCO | XTRA (XETRA Trading Platform) | Yes | Common Shares | DE | EUR | Jan 1968 |
| DE | SWX (SIX Swiss Exchange) | Yes | Common Shares | CH | CHF | Jan 1968 |
| 0R2P | LSE (London Stock Exchange) | Yes | Common Shares | GB | USD | Jan 1968 |
| DEER | WBAG (Wiener Boerse AG) | Yes | Common Shares | AT | EUR | Jan 1968 |
| DCO | ETLX (Eurotlx) | Yes | Common Shares | IT | EUR | Jan 1968 |
| DE * | BMV (Bolsa Mexicana de Valores) | Yes | Common Shares | MX | MXN | Jan 1968 |
| DE | BASE (Buenos Aires Stock Exchange) | CEDEAR EACH 10 REP 1 | AR | ARS | Nov 2002 | |
| DEEC34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 2 REP 1 COM | BR | BRL | May 2019 |
Biography
Deere & Company, together with its subsidiaries, manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/05 00:56 |
| End of Day Share Price | 2021/03/04 00:00 |
| Earnings | 2021/01/31 |
| Annual Earnings | 2020/11/01 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.