(DE) Deere - NYSE
Sector: Industrials | Industry: Farm & Heavy Construction Machinery | Exchange: NYSE (USA) | Market Cap: 161.582m USD | Total Return: 22.2% in 12m
Avg Turnover: 819M
EPS Trend: -97.4%
Qual. Beats: 1
Rev. Trend: -90.2%
Qual. Beats: 3
Warnings
Beneish M-Score -1.46 > -1.5 - likely earnings manipulation
Tailwinds
No distinct edge detected
Deere & Company (NYSE: DE), founded in 1837 and headquartered in Moline, Illinois, is a global manufacturer and distributor of equipment operating through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. Its equipment portfolio spans row-crop tractors, harvesters, sprayers, tillage and seeding tools, turf and compact utility equipment, as well as a broad range of construction and forestry machinery such as excavators, dozers, loaders, pavers, and log harvesters. The Financial Services segment supports equipment sales through retail and lease financing for end users, wholesale financing for dealers, and extended equipment warranties, reflecting a common business model in the farm and heavy-equipment industry where captive finance arms help stabilize demand through cyclical markets. Deere also holds a strategic partnership with Tarter USA to develop and produce flex wing rotary cutters, further extending its reach into the agricultural and turf-care customer base.
- Farm commodity prices fall, pressuring equipment demand
- Precision agriculture adoption accelerates margin expansion
- Infrastructure spending lifts construction equipment orders
| Net Income: 4.78b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -0.55 > 1.0 |
| NWC/Revenue: -16.09% < 20% (prev 94.37%; Δ -110.5% < -1%) |
| CFO/TA 0.07 > 3% & CFO 7.93b > Net Income 4.78b |
| Net Debt (55.2b) to EBITDA (11.5b): 4.82 < 3 |
| Current Ratio: 0.79 > 1.5 & < 3 |
| Outstanding Shares: last quarter (270.8m) vs 12m ago -0.37% < -2% |
| Gross Margin: 35.40% > 18% (prev 38.57%; Δ -3.18% > 0.5%) |
| Asset Turnover: 43.93% > 50% (prev 41.83%; Δ 2.11% > 0%) |
| Interest Coverage Ratio: 3.06 > 6 (EBIT TTM 9.15b / Interest Expense TTM 2.99b) |
| A: -0.07 (Total Current Assets 27.7b - Total Current Liabilities 35.2b) / Total Assets 107b |
| B: 0.57 (Retained Earnings 61.2b / Total Assets 107b) |
| C: 0.09 (EBIT TTM 9.15b / Avg Total Assets 107b) |
| D: 0.34 (Book Value of Equity 27.4b / Total Liabilities 79.5b) |
| Altman-Z'' = 2.34 = BBB |
| DSRI: 0.16 (Receivables 10.2b/60.5b, Revenue 46.9b/44.5b) |
| GMI: 1.09 (GM 38.57% / 35.40%) |
| AQI: 4.60 (AQ_t 0.60 / AQ_t-1 0.13) |
| SGI: 1.05 (Revenue 46.9b / 44.5b) |
| TATA: -0.03 (NI 4.78b - CFO 7.93b) / TA 107b) |
| Beneish M = -1.46 (Cap -4..+1) = D |
As of June 27, 2026, the stock is trading at USD 613.24 with a total of 2,319,200 shares traded. Over the past week, the price has changed by +4.07%, over one month by +15.90%, over three months by +5.82% and over the past year by +22.17%.
Current recommended Stop Loss: 582.10 (which is 5.1% or 1.7 ATR below the current price).
Deere has received a consensus analysts rating of 3.63. Therefore, it is recommended to hold DE.
- StrongBuy: 5
- Buy: 5
- Hold: 14
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 644.2 | 5.1% |
P/E Trailing = 33.8952
P/E Forward = 33.557
P/S = 3.4134
P/B = 5.8959
P/EG = 1.8217
Revenue TTM = 46.9b USD
EBIT TTM = 9.15b USD
EBITDA TTM = 11.5b USD
Long Term Debt = 42.3b USD (from longTermDebt, last quarter)
Short Term Debt = 21.9b USD (from shortTermDebt, last quarter)
Debt = 64.5b USD (from shortLongTermDebtTotal, last quarter) + Leases 381.0m
Net Debt = 55.2b USD (calculated: Debt 64.5b - CCE 9.34b)
Enterprise Value = 217b USD (162b + Debt 64.5b - CCE 9.34b)
Interest Coverage Ratio = 3.06 (Ebit TTM 9.15b / Interest Expense TTM 2.99b)
EV/FCF = 57.53x (Enterprise Value 217b / FCF TTM 3.77b)
FCF Yield = 1.74% (FCF TTM 3.77b / Enterprise Value 217b)
FCF Margin = 8.04% (FCF TTM 3.77b / Revenue TTM 46.9b)
Net Margin = 10.21% (Net Income TTM 4.78b / Revenue TTM 46.9b)
Gross Margin = 35.40% ((Revenue TTM 46.9b - Cost of Revenue TTM 30.3b) / Revenue TTM)
Gross Margin QoQ = 38.17% (prev 34.66%)
Tobins Q-Ratio = 2.03 (Enterprise Value 217b / Total Assets 107b)
Interest Expense / Debt = 4.63% (Interest Expense 2.99b / Debt 64.5b)
Taxrate = 22.97% (1.42b / 6.17b)
NOPAT = 7.05b (EBIT 9.15b * (1 - 22.97%))
Current Ratio = 0.79 (Total Current Assets 27.7b / Total Current Liabilities 35.2b)
Debt / Equity = 2.36 (Debt 64.5b / totalStockholderEquity, last quarter 27.4b)
Debt / EBITDA = 4.82 (Net Debt 55.2b / EBITDA 11.5b)
Debt / FCF = 14.65 (Net Debt 55.2b / FCF TTM 3.77b)
Total Stockholder Equity = 26.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.48% (Net Income 4.78b / Total Assets 107b)
RoE = 18.25% (Net Income TTM 4.78b / Total Stockholder Equity 26.2b)
RoCE = 13.37% (EBIT 9.15b / Capital Employed (Equity 26.2b + L.T.Debt 42.3b))
RoIC = 7.72% (NOPAT 7.05b / Invested Capital 91.3b)
WACC = 6.92% (E(162b)/V(226b) * Re(8.26%) + D(64.5b)/V(226b) * Rd(4.63%) * (1-Tc(0.23)))
Discount Rate = 8.26% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -100.00 | Cagr: -1.65%
[DCF] Terminal Value 73.45% ; FCFF base≈3.99b ; Y1≈3.57b ; Y5≈3.00b
[DCF] Fair Price = N/A (negative equity: EV 47.9b - Net Debt 55.2b = -7.33b; debt exceeds intrinsic value)
EPS Correlation: -97.37 | EPS CAGR: -26.43% | SUE: 2.36 | # QB: 1
Revenue Correlation: -90.23 | Revenue CAGR: -12.27% | SUE: 0.85 | # QB: 3
EPS current Quarter (2026-07-31): EPS=4.71 | Chg30d=-7.33% | Revisions=-68% | Analysts=17
EPS current Year (2026-10-31): EPS=18.10 | Chg30d=+1.16% | Revisions=+33% | GrowthEPS=-2.1% | GrowthRev=+6.5%
EPS next Year (2027-10-31): EPS=22.83 | Chg30d=-0.81% | Revisions=+0% | GrowthEPS=+26.1% | GrowthRev=+8.4%
[Analyst] Revisions Ratio: -68%