Deere & Company

NYSE-DE

Basic

Market Cap
$107.86B
EV
$168.29B
Shares Out
278.36M
Revenue
$60.76B
Employees
83,000

Margins

Gross
34.72%
EBITDA
26.87%
Operating
25.17%
Pre-Tax
20.98%
Net
16.39%
FCF
7.33%

Returns (5Yr Avg)

ROA
6.77%
ROTA
37.87%
ROE
34.43%
ROCE
14.64%
ROIC
8.9%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
$420.98
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
$3,828M
Net Debt
$60.32B
Debt/Equity
2.89
EBIT/Interest
6.23

Growth (CAGR)

Rev 3Yr
17.98%
Rev 5Yr
9.62%
Rev 10Yr
4.8%
Dil EPS 3Yr
46.62%
Dil EPS 5Yr
27.08%
Dil EPS 10Yr
14.02%
Rev Fwd 2Yr
-7.3%
EBITDA Fwd 2Yr
-9.82%
EPS Fwd 2Yr
-10.06%
EPS LT Growth Est
2.92%

Dividends

Yield
—
Payout
15.37%
DPS
$5.32
DPS Growth 3Yr
20.51%
DPS Growth 5Yr
14.19%
DPS Growth 10Yr
10.06%
DPS Growth Fwd 2Yr
10.11%

Metric	Oct '14	Nov '15	Oct '16	Oct '17	Oct '18	Nov '19	Nov '20	Oct '21	Oct '22	Oct '23	LTM
Operating Revenues						34,886	31,272	39,737	47,917	55,565	54,649
Finance Div. Revenues						3,609	3,595	352	502	499	764
Gain (Loss) on Sale of Investment, Total	—	—	—	—	—	—	—	—	326	—	—
Interest And Invest. Income						118	112	3,296	3,365	4,683	4,726
Other Revenues, Total						620	535	598	453	475	616
Total Revenues						39,233	35,514	43,983	52,563	61,222	60,755
Total Revenues % Chg.						5.1%	-9.5%	23.8%	19.5%	16.5%	9.2%
Cost of Goods Sold, Total						26,787	23,460	29,116	35,157	37,715	36,981
Finance Div. Operating Exp.						2,034	2,178	1,957	2,121	2,390	2,357
Interest Expense - Finance Division						1,234	942	—	—	—	320
Gross Profit						9,178	8,934	12,910	15,285	21,117	21,097
Selling General & Admin Expenses, Total						2,999	2,732	2,879	2,964	3,601	3,695
R&D Expenses						1,782	1,589	1,587	1,912	2,177	2,215
Other Operating Expenses						87	65	-169	-243	-226	-103
Other Operating Expenses, Total						4,868	4,386	4,297	4,633	5,552	5,807
Operating Income						4,310	4,548	8,613	10,652	15,565	15,290
Interest Expense, Total						-232	-305	-993	-1,062	-2,453	-2,456
Interest And Investment Income						25	26	41	14	29	29
Net Interest Expenses						-207	-279	-952	-1,048	-2,424	-2,427
Income (Loss) On Equity Invest.						21	-48	21	10	7	8
Currency Exchange Gains (Loss)						97	122	-59	-132	-122	-122
EBT, Excl. Unusual Items						4,221	4,343	7,623	9,482	13,026	12,749
Restructuring Charges	—	—	—		—	-30	-355	—	-14	—	—
Merger & Related Restructuring Charges	—	—	—	—		—	—	—	—	—	—
Gain (Loss) On Sale Of Investments	—					—	—	—	—	—	—
Gain (Loss) On Sale Of Assets				—		-5	-24	—	—	—	—
Asset Writedown		—		—	—	-77	-129	—	-88	—	—
Other Unusual Items	—	—	—	—	—	—	—	—	-243	—	—
EBT, Incl. Unusual Items						4,109	3,835	7,623	9,137	13,026	12,749
Income Tax Expense						852	1,082	1,658	2,007	2,871	2,803
Earnings From Continuing Operations						3,257	2,753	5,965	7,130	10,155	9,946
Minority Interest				—		-4	-2	-2	1	11	12
Net Income						3,253	2,751	5,963	7,131	10,166	9,958
Preferred Dividend and Other Adjustments				—	—	—	—	—	—	—	—
Net Income to Common Incl Extra Items						3,253	2,751	5,963	7,131	10,166	9,958
Net Income to Common Excl. Extra Items						3,253	2,751	5,963	7,131	10,166	9,958
Total Shares Outstanding						313.1	313.7	308.1	298.8	281.6	278.4
Weighted Avg. Shares Outstanding						316.5	313.5	311.6	304.5	292.2	287.8
Weighted Avg. Shares Outstanding Dil						320.6	316.6	314	306.3	293.6	289.1
EPS						10.3	8.8	19.1	23.4	34.8	34.6
EPS Diluted						10.2	8.7	19	23.3	34.6	34.5
EBITDA						5,198	5,450	9,559	11,603	16,572	16,323
Effective Tax Rate						20.7%	28.2%	21.7%	22%	22%	22%