Company Valuation: Deere & Company

Data adjusted to current consolidation scope
Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 110,165 116,487 107,585 109,555 124,792 172,717 - -
Change - 5.74% -7.64% 1.83% 13.91% 38.4% - -
Enterprise Value (EV) 1 149,832 162,878 162,592 166,270 179,041 227,525 226,887 226,116
Change - 8.71% -0.18% 2.26% 7.68% 27.08% -0.28% -0.34%
P/E 18.7x 16.6x 10.8x 15.6x 25x 35.3x 28x 22x
PBR 6.01x 5.8x 5.01x 4.84x 4.82x 6.2x 5.66x 5.21x
PEG - 0.7x 0.2x -0.6x -0.9x -16.92x 1.1x 0.8x
Capitalization / Revenue 2.77x 2.43x 1.94x 2.45x 3.21x 4.17x 3.86x 3.5x
EV / Revenue 3.77x 3.4x 2.93x 3.71x 4.6x 5.49x 5.07x 4.59x
EV / EBITDA 16.5x 15.4x 11.5x 16.2x 24.5x 31.2x 26.1x 21.4x
EV / EBIT 18.7x 17.1x 12.5x 18.4x 29.7x 37.7x 30.3x 25x
EV / FCF 21.8x 45.7x 22.9x 21.9x 29.4x 53.5x 36.5x 31.2x
FCF Yield 4.59% 2.19% 4.36% 4.57% 3.41% 1.87% 2.74% 3.2%
Dividend per Share 2 3.32 4.28 4.83 5.76 6.33 6.856 7.17 7.035
Rate of return 0.93% 1.11% 1.29% 1.44% 1.37% 1.07% 1.12% 1.1%
EPS 2 18.99 23.28 34.63 25.62 18.5 18.11 22.83 29.14
Distribution rate 17.5% 18.4% 13.9% 22.5% 34.2% 37.8% 31.4% 24.1%
Net sales 1 39,737 47,917 55,565 44,759 38,917 41,453 44,718 49,304
EBITDA 1 9,055 10,549 14,081 10,259 7,300 7,298 8,708 10,590
EBIT 1 8,012 9,508 12,958 9,039 6,020 6,041 7,480 9,060
Net income 1 5,963 7,131 10,166 7,100 5,027 4,885 6,033 7,362
Net Debt 1 39,667 46,391 55,007 56,715 54,249 54,808 54,170 53,400
Reference price 2 355.30 385.95 373.56 400.42 461.63 639.84 639.84 639.84
Nbr of stocks (in thousands) 310,061 301,820 288,001 273,600 270,329 269,937 - -
Announcement Date 11/24/21 11/23/22 11/22/23 11/21/24 11/26/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
35.32x5.49x31.18x1.07% 173B
21.4x - - 1.66% 9.08B
18.29x1x8.97x3.17% 4.1B
24.13x2.51x20.12x1.5% 3.52B
9.14x0.88x10.88x4.04% 1.95B
21.89x - - 1.29% 1.17B
9.67x - - 2.87% 957M
67.66x0.84x8.19x0.95% 868M
Average 25.94x 2.14x 15.87x 2.07% 24.3B
Weighted average by Cap. 33.78x 5.26x 30.14x 1.19%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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