Added to YB: 2024-01-31
Pitch date: 2024-01-31
DE [bullish]
Deere & Company
+50.21%
current return
Author Info
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
$155.5B
Pitch Price
$382.84
Price Target
N/A
Dividend
1.13%
EV/EBITDA
24.15
P/E
32.46
EV/Sales
4.57
Sector
Machinery
Category
growth
AGB 2024.1 - Deere & Co. (DE)
DE: Precision Ag innovations boost efficiency & cut costs; 500k+ connected machines. 4 segments: PPA, SAT, CF, Financial. Competitive edge: long replacement cycles, high residuals. ExactApply, ExactRate, Combine Advisor, ExactEmerge, See & Spray drive adoption & loyalty. Acquisitions (Wirtgen, NavCom, Blue River, Bear Flag) expand addressable market to $150B by 2030. 15-35% ROIC, targeting 20% midcycle margins & 10% subscription revenue by 2030. Resilient despite 2024 demand dip; strong balance sheet enables further tech investments.
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