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DE Deere & Company - Fundamental Analysis

NEUTRAL
DE Stock | Fundamental Analysis & Investment Insights
NYSE Industrials Farm & Heavy Construction Machinery
Current Price
$476.23
Analyst Target
$527.21
+10.7% Upside
52W High
$533.78
52W Low
$396.14

AI Analysis

Powered by advanced machine learning algorithms

Confidence Score
65%
Analysis Accuracy
Deere & Company trades at a premium valuation with solid long-term profitability and a resilient dividend, but near-term headwinds are evident in declining revenue and earnings growth. Despite strong historical 5-year returns (+96.1%), recent 6-month underperformance (-9.8%) reflects cyclical pressures in agricultural and construction markets. The company maintains superior margins and ROE (21.4%) relative to sector averages, yet lags peers like CAT in growth and profitability momentum. Analysts maintain a 'buy' recommendation with a $527.21 target, implying 10.7% upside, though recent earnings misses and elevated leverage temper near-term conviction.

Key Strengths

ROE of 21.40% significantly exceeds sector average of 30.22% and peer PCAR (14.15%)
Operating margin of 15.09% is well above sector average profit margin of 3.75%
Dividend payout ratio of 33.05% indicates sustainable capital return policy
Strong liquidity with current ratio of 2.23 and quick ratio of 2.00
Price/Sales of 2.91 is below CAT's 3.5+ implied multiple, offering relative value

Key Risks

Revenue growth down 8.60% YoY and earnings down 24.50% YoY signal cyclical deterioration
Debt/Equity of 2.67 is materially above sector average of 1.42 and peer PCAR (0.82)
Forward P/E of 21.48 remains high relative to declining earnings trajectory
Price/Book of 5.11 suggests significant premium to tangible asset value
Recent earnings misses across last 4 quarters (0/4 beats) indicate execution risk
AI Fair Value Estimate
Based on comprehensive analysis
$527.21
+10.7% above current price

Performance Snowflake

Multi-dimensional analysis across 5 key categories

Overall
64
Strong
Value
55
Future
50
Past
75
Health
60
Dividend
80
AI Verdict
Deere presents a mixed profile: premium valuation and solid historical returns are offset by near-term growth deceleration and leverage concerns, placing it behind high-momentum peers like CAT despite stronger margins and dividend discipline.
Key drivers: Analyst target implying 10.7% upside from current levels, Superior ROE and operating margin performance vs sector, Deteriorating earnings growth and negative revenue momentum
Confidence
70%
Value
55/100

While Deere’s forward earnings multiple is in line with sector averages, its negative growth trajectory makes the current valuation less compelling compared to CAT, which combines higher growth and superior ROE.

Positives
  • Forward P/E of 21.48 is below CAT's 28.48 and near sector average of 23.61
  • Price/Sales of 2.91 offers relative value against high-growth industrial peers
Watchpoints
  • Current P/E of 24.88 appears stretched given negative earnings growth
  • Price/Book of 5.11 is elevated relative to asset-intensive industrial peers
Future
50/100

Near-term growth trajectory is negative across revenue and earnings, with no evidence of inflection in price momentum—6M return of -9.8% contrasts sharply with CAT’s +57.7%.

Positives
  • Analyst target price of $527.21 implies confidence in recovery
  • Long-term agricultural demand trends remain structurally supportive
Watchpoints
  • Revenue growth of -8.60% YoY and Q/Q earnings decline of -25.70% signal weakening demand
  • No recent earnings surprises or upside momentum in guidance
Past
75/100

Historically, Deere has delivered robust shareholder returns and margin discipline, but recent quarters show a clear deterioration in earnings performance and no positive surprises, breaking a prior pattern of consistency.

Positives
  • 5-year total return of +96.1% demonstrates strong long-term compounding
  • Consistent profitability with gross margin of 27.42% and operating margin of 15.09%
Watchpoints
  • Last 4 quarters have shown no earnings beats and declining YoY performance
  • ROA of 3.74% lags behind asset efficiency of peers like CAT
Health
60/100

Despite strong liquidity, Deere’s leverage is among the highest in the peer group, raising refinancing and interest rate sensitivity risks in a tighter credit environment.

Positives
  • Current ratio of 2.23 and quick ratio of 2.00 indicate strong short-term liquidity
  • No immediate solvency concerns given robust working capital position
Watchpoints
  • Debt/Equity of 2.67 is high for the sector and exceeds CAT's 2.01 and PCAR's 0.82
  • Lack of cash flow data limits visibility into debt service capacity
Dividend
80/100

Deere’s dividend is well-covered and consistent, offering income appeal in the industrials sector, though future growth depends on earnings stabilization.

Positives
  • Dividend yield of 1.36% with a sustainable 33.05% payout ratio
  • Long-standing history of dividend increases, signaling capital allocation discipline
Watchpoints
  • 5-year average yield unavailable, limiting trend assessment
  • Dividend growth may be constrained if earnings pressure persists

Stock Price & Analyst Targets

Real-time price movements and analyst price targets

Current Price
$476.23
Analyst Target
$527.21
Upside/Downside
+10.7%

Multi-Horizon Performance vs Peers

Price momentum across 5Y → 1W horizons for DE and closest competitors.

Updated 2025-11-14
Company 5Y 3Y 1Y 6M 1M 1W
DE
Deere & Company
Primary
+96.1% +21.9% +22.4% -9.8% +6.2% +1.8%
HON
Honeywell International Inc.
Peer
+12.1% +4.6% -6.0% -4.2% +4.9% +3.2%
UNP
Union Pacific Corporation
Peer
+20.5% +13.6% -3.1% -2.4% -1.2% +0.7%
ETN
Eaton Corporation plc
Peer
+225.4% +125.9% -1.6% +7.4% -7.7% -5.7%
BA
The Boeing Company
Peer
-3.9% +10.9% +40.8% -5.5% -9.1% -0.1%

Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.

Historical Performance Trends

Long-term financial metrics and growth patterns

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Historical data shows last 12 quarters (3 years)

Valuation Metrics

Key valuation ratios and pricing indicators

P/E Ratio
24.88
Forward P/E
21.48
PEG Ratio
N/A
P/B Ratio
5.11
P/S Ratio
2.91
EV/Revenue
4.27
EV/EBITDA
22.36
Market Cap
$128.74B

Profitability

Profit margins and return metrics

Profit Margin 11.77%
Operating Margin 15.09%
Gross Margin 27.42%
ROE 21.4%
ROA 3.74%

Growth

Revenue and earnings growth rates

Revenue Growth -8.6%
Earnings Growth -24.5%
Q/Q Revenue Growth N/A
Q/Q Earnings Growth -25.7%

Financial Health

Balance sheet strength and liquidity metrics

Debt/Equity
2.67
High debt
Current Ratio
2.23
Strong
Quick Ratio
2.0
Excellent
Cash/Share
$26.73

Quarterly Earnings History

EPS performance vs analyst estimates

2025-11-26
$N/A
2025-08-14
$4.75
+1.9% surprise
2025-05-15
$6.64
+18.1% surprise
2025-02-13
$3.19
-2.1% surprise

Industrials Sector Comparison

Comparing DE against 28 companies in the Industrials sector (6 bullish, 21 neutral, 1 bearish)
P/E Ratio
24.88
This Stock
vs
32.92
Sector Avg
-24.4% (Discount)
Return on Equity (ROE)
21.4%
This Stock
vs
31.08%
Sector Avg
-31.1% (Below Avg)
Profit Margin
11.77%
This Stock
vs
13.32%
Sector Avg
-11.7% (Weaker)
Debt to Equity
2.67
This Stock
vs
1.21
Sector Avg
+119.9% (Higher)
Revenue Growth
-8.6%
This Stock
vs
6.01%
Sector Avg
-243.0% (Slower)
Current Ratio
2.23
This Stock
vs
1.82
Sector Avg
+22.2% (Stronger)

Similar Companies

Peer comparison within the same industry

Company AI Rating Market Cap P/E ROE Profit Margin Price
DE
Deere & Company
NEUTRAL $128.74B 24.88 21.4% 11.8% $476.23
HON
Honeywell International Inc.
BULLISH $126.89B 21.02 34.6% 15.1% $199.04
UNP
Union Pacific Corporation
BULLISH $132.29B 18.93 41.6% 28.7% $223.02
ETN
Eaton Corporation plc
BULLISH $137.52B 35.34 20.7% 14.7% $352.39
BA
The Boeing Company
NEUTRAL $147.9B - -% -12.2% $194.52

Wall Street Analysts

Professional analyst ratings and price targets

Consensus
BUY
23 analysts
Wells Fargo
2025-11-14
init
Overweight
RBC Capital
2025-10-22
init
Outperform
UBS
2025-10-17
up
Neutral Buy
JP Morgan
2025-10-14
main
Neutral Neutral
Truist Securities
2025-10-08
main
Buy Buy
Oppenheimer
2025-09-18
main
Outperform Outperform
JP Morgan
2025-09-02
main
Neutral Neutral
DA Davidson
2025-08-18
main
Buy Buy
Baird
2025-08-15
main
Neutral Neutral
Truist Securities
2025-08-15
main
Buy Buy