Company Valuation: Deere & Company

Data adjusted to current consolidation scope
Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 110,165 116,487 107,585 109,555 124,792 186,166 - -
Change - 5.74% -7.64% 1.83% 13.91% 49.18% - -
Enterprise Value (EV) 1 149,832 162,878 162,592 166,270 179,041 240,673 239,285 239,192
Change - 8.71% -0.18% 2.26% 7.68% 34.42% -0.58% -0.04%
P/E 18.7x 16.6x 10.8x 15.6x 25x 38.1x 30.2x 24.2x
PBR 6.01x 5.8x 5.01x 4.84x 4.82x 6.62x 6.04x 5.69x
PEG - 0.7x 0.2x -0.6x -0.9x -18.8x 1.2x 1x
Capitalization / Revenue 2.77x 2.43x 1.94x 2.45x 3.21x 4.53x 4.17x 3.83x
EV / Revenue 3.77x 3.4x 2.93x 3.71x 4.6x 5.85x 5.35x 4.92x
EV / EBITDA 16.5x 15.4x 11.5x 16.2x 24.5x 32x 26.4x 22.7x
EV / EBIT 18.7x 17.1x 12.5x 18.4x 29.7x 39.4x 32.3x 27.3x
EV / FCF 21.8x 45.7x 22.9x 21.9x 29.4x 54.2x 38.5x 36.2x
FCF Yield 4.59% 2.19% 4.36% 4.57% 3.41% 1.84% 2.6% 2.77%
Dividend per Share 2 3.32 4.28 4.83 5.76 6.33 6.566 7.036 7
Rate of return 0.93% 1.11% 1.29% 1.44% 1.37% 0.95% 1.02% 1.01%
EPS 2 18.99 23.28 34.63 25.62 18.5 18.13 22.83 28.57
Distribution rate 17.5% 18.4% 13.9% 22.5% 34.2% 36.2% 30.8% 24.5%
Net sales 1 39,737 47,917 55,565 44,759 38,917 41,118 44,692 48,586
EBITDA 1 9,055 10,549 14,081 10,259 7,300 7,520 9,049 10,544
EBIT 1 8,012 9,508 12,958 9,039 6,020 6,116 7,411 8,771
Net income 1 5,963 7,131 10,166 7,100 5,027 4,903 5,989 7,158
Net Debt 1 39,667 46,391 55,007 56,715 54,249 54,508 53,120 53,026
Reference price 2 355.30 385.95 373.56 400.42 461.63 690.46 690.46 690.46
Nbr of stocks (in thousands) 310,061 301,820 288,001 273,600 270,329 269,625 - -
Announcement Date 24/11/21 23/11/22 22/11/23 21/11/24 26/11/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
38.09x5.85x32.01x0.95% 186B
24.56x - - 1.61% 9.2B
19.54x0.98x9.28x3.1% 3.88B
22.48x2.27x18.91x1.64% 3.33B
8.99x0.82x10.07x4.02% 1.96B
10.61x - - 2.44% 1.17B
21.94x - - 1.3% 1.16B
115.66x0.87x10.73x3.04% 832M
Average 32.73x 2.16x 16.20x 2.26% 25.96B
Weighted average by Cap. 36.69x 5.62x 31.02x 1.08%

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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  5. Valuation Deere & Company