(DE) Deere - Ratings and Ratios
Tractors, Combines, Loaders, Mowers, Excavators
Dividends
| Dividend Yield | 1.38% |
| Yield on Cost 5y | 2.74% |
| Yield CAGR 5y | 18.68% |
| Payout Consistency | 92.3% |
| Payout Ratio | 28.1% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 26.5% |
| Value at Risk 5%th | 41.2% |
| Relative Tail Risk | -5.54% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.05 |
| Alpha | -9.23 |
| CAGR/Max DD | 0.18 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.253 |
| Beta | 0.766 |
| Beta Downside | 0.809 |
| Drawdowns 3y | |
|---|---|
| Max DD | 21.59% |
| Mean DD | 9.48% |
| Median DD | 9.59% |
Description: DE Deere September 25, 2025
Deere & Company (NYSE: DE) manufactures and distributes a broad portfolio of equipment across four operating segments: Production & Precision Agriculture, Small Agriculture & Turf, Construction & Forestry, and Financial Services. The firm, founded in 1837 and headquartered in Moline, Illinois, serves global customers ranging from large grain growers to construction contractors and turf managers.
In FY 2024 the company reported revenue of roughly **$55 billion**, with an operating margin of **≈ 12 %** and free cash flow of **$8 billion**. The Production & Precision Agriculture segment remains the revenue engine, accounting for about **55 %** of total sales, while the Construction & Forestry segment contributed roughly **20 %**. The Financial Services arm generated **$1.3 billion** in net interest income, reflecting a **backlog of ≈ $30 billion** in equipment orders that provides visibility into near-term demand.
Key economic drivers for DE include: (1) **Commodity price trends**-higher corn and soybean prices boost farmer capital spending on high-margin precision equipment; (2) **U.S. construction spending**, which is sensitive to Federal Reserve policy-recently, a 3-point rise in 10-year Treasury yields has modestly dampened new-equipment orders; and (3) **Supply-chain resilience**, where Deere’s vertical integration and strong dealer network give it a competitive edge in a market still recovering from semiconductor shortages. Assuming commodity prices stay above the 5-year average and construction activity stabilizes, the company’s earnings outlook remains favorable, though a sustained rise in interest rates could pressure financing volumes.
For a deeper quantitative dive into DE’s valuation sensitivities, the ValueRay platform offers a transparent, data-driven model worth exploring.
Piotroski VR‑10 (Strict, 0-10) 3.5
| Net Income (5.03b TTM) > 0 and > 6% of Revenue (6% = 2.70b TTM) |
| FCFTA 0.03 (>2.0%) and ΔFCFTA -1.08pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -21.10% (prev 81.67%; Δ -102.8pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.07 (>3.0%) and CFO 7.46b > Net Income 5.03b (YES >=105%, WARN >=100%) |
| Net Debt (55.66b) to EBITDA (11.65b) ratio: 4.78 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.72 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (271.1m) change vs 12m ago -0.91% (target <= -2.0% for YES) |
| Gross Margin 37.37% (prev 38.59%; Δ -1.22pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 42.16% (prev 47.07%; Δ -4.92pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 2.97 (EBITDA TTM 11.65b / Interest Expense TTM 3.17b) >= 6 (WARN >= 3) |
Altman Z'' 2.16
| (A) -0.09 = (Total Current Assets 24.81b - Total Current Liabilities 34.30b) / Total Assets 106.00b |
| (B) 0.56 = Retained Earnings (Balance) 59.02b / Total Assets 106.00b |
| (C) 0.09 = EBIT TTM 9.43b / Avg Total Assets 106.66b |
| (D) 0.32 = Book Value of Equity 25.95b / Total Liabilities 79.99b |
| Total Rating: 2.16 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 49.68
| 1. Piotroski 3.50pt |
| 2. FCF Yield 1.78% |
| 3. FCF Margin 7.19% |
| 4. Debt/Equity 2.46 |
| 5. Debt/Ebitda 4.78 |
| 6. ROIC - WACC (= 1.70)% |
| 7. RoE 20.54% |
| 8. Rev. Trend -22.80% |
| 9. EPS Trend -23.76% |
What is the price of DE shares?
Over the past week, the price has changed by -3.92%, over one month by +1.34%, over three months by -1.48% and over the past year by +2.54%.
Is DE a buy, sell or hold?
- Strong Buy: 5
- Buy: 5
- Hold: 14
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the DE price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 524.7 | 12.1% |
| Analysts Target Price | 524.7 | 12.1% |
| ValueRay Target Price | 488 | 4.2% |
DE Fundamental Data Overview November 29, 2025
P/E Trailing = 25.3847
P/E Forward = 24.3902
P/S = 2.7804
P/B = 4.8948
P/EG = 1.6892
Beta = 1.008
Revenue TTM = 44.96b USD
EBIT TTM = 9.43b USD
EBITDA TTM = 11.65b USD
Long Term Debt = 44.43b USD (from longTermDebt, two quarters ago)
Short Term Debt = 20.39b USD (from shortTermDebt, last quarter)
Debt = 63.94b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 55.66b USD (from netDebt column, last quarter)
Enterprise Value = 181.27b USD (127.02b + Debt 63.94b - CCE 9.69b)
Interest Coverage Ratio = 2.97 (Ebit TTM 9.43b / Interest Expense TTM 3.17b)
FCF Yield = 1.78% (FCF TTM 3.23b / Enterprise Value 181.27b)
FCF Margin = 7.19% (FCF TTM 3.23b / Revenue TTM 44.96b)
Net Margin = 11.18% (Net Income TTM 5.03b / Revenue TTM 44.96b)
Gross Margin = 37.37% ((Revenue TTM 44.96b - Cost of Revenue TTM 28.16b) / Revenue TTM)
Gross Margin QoQ = 35.90% (prev 35.75%)
Tobins Q-Ratio = 1.71 (Enterprise Value 181.27b / Total Assets 106.00b)
Interest Expense / Debt = 1.19% (Interest Expense 762.0m / Debt 63.94b)
Taxrate = 25.04% (354.0m / 1.41b)
NOPAT = 7.07b (EBIT 9.43b * (1 - 25.04%))
Current Ratio = 0.72 (Total Current Assets 24.81b / Total Current Liabilities 34.30b)
Debt / Equity = 2.46 (Debt 63.94b / totalStockholderEquity, last quarter 25.95b)
Debt / EBITDA = 4.78 (Net Debt 55.66b / EBITDA 11.65b)
Debt / FCF = 17.23 (Net Debt 55.66b / FCF TTM 3.23b)
Total Stockholder Equity = 24.47b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.74% (Net Income 5.03b / Total Assets 106.00b)
RoE = 20.54% (Net Income TTM 5.03b / Total Stockholder Equity 24.47b)
RoCE = 13.68% (EBIT 9.43b / Capital Employed (Equity 24.47b + L.T.Debt 44.43b))
RoIC = 7.87% (NOPAT 7.07b / Invested Capital 89.72b)
WACC = 6.18% (E(127.02b)/V(190.96b) * Re(8.84%) + D(63.94b)/V(190.96b) * Rd(1.19%) * (1-Tc(0.25)))
Discount Rate = 8.84% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.79%
[DCF Debug] Terminal Value 78.90% ; FCFE base≈3.71b ; Y1≈4.58b ; Y5≈7.81b
Fair Price DCF = 422.8 (DCF Value 114.29b / Shares Outstanding 270.3m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: -23.76 | EPS CAGR: 8.24% | SUE: 0.25 | # QB: 0
Revenue Correlation: -22.80 | Revenue CAGR: 7.86% | SUE: 2.49 | # QB: 1
EPS next Quarter (2026-01-31): EPS=2.14 | Chg30d=-0.771 | Revisions Net=-2 | Analysts=15
EPS current Year (2026-10-31): EPS=17.04 | Chg30d=-3.458 | Revisions Net=-6 | Growth EPS=-7.9% | Growth Revenue=+2.0%
EPS next Year (2027-10-31): EPS=23.56 | Chg30d=-2.389 | Revisions Net=-4 | Growth EPS=+38.3% | Growth Revenue=+9.2%
Additional Sources for DE Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle