Added to YB: 2024-10-15
Pitch date: 2024-10-13
DE [bullish]
Deere & Company
+65.09%
current return
Author Info
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Company Info
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.
Market Cap
$160.8B
Pitch Price
$400.99
Price Target
N/A
Dividend
1.09%
EV/EBITDA
25.39
P/E
33.44
EV/Sales
N/A
Sector
Machinery
Category
growth
Deere - Technology at the service of agriculture
DE: Transitioning to tech-driven, recurring revenue model. Leader in ag equipment (25% share), strong dealer network. Tailwinds: population growth, farm automation. FCF yield 5.5%, potential for 10-12% returns. Risks: unions, competition. Management focused on shareholder value. Resilient through cycles, buybacks support stock.
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