- Investing.com
Deere & Company engages in the manufacture and distribution of 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 large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, 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. The company was founded in 1837 and is headquartered in Moline, Illinois.
Cyclical Resilience | Deere navigates market headwinds while maintaining strong financial performance, with net income guidance around $7 billion for fiscal year 2024 |
Tech-Driven Future | Explore Deere's commitment to innovation, leveraging AI and IoT to enhance its product offerings and maintain a competitive edge in evolving markets |
Operational Efficiency | Deere implements strategic cost-cutting measures, including headcount reductions, yielding an estimated $230 million in cost tailwinds for fiscal year 2025 |
Market Outlook | Analysts project average price target of $400, with EPS estimates of $25.37 for FY2024 and $21.82 for FY2025, reflecting mixed sentiment on Deere's prospects |
Metrics to compare | DE | Sector Sector - Average of metrics from a broad group of related Industrials sector companies | Relationship RelationshipDEPeersSector | |
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P/E Ratio | 13.1x | 8.3x | 12.0x | |
PEG Ratio | −1.04 | 0.00 | 0.03 | |
Price/Book | 4.7x | 1.0x | 1.4x | |
Price / LTM Sales | 1.9x | 0.4x | 1.2x | |
Upside (Analyst Target) | 4.0% | 435.0% | 19.0% | |
Fair Value Upside | Unlock | 15.6% | 5.3% | Unlock |