Added to YB: 2024-05-15
Pitch date: 2024-05-14
DE [bullish]
Deere & Company
+63.66%
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
$404.51
Price Target
N/A
Dividend
1.09%
EV/EBITDA
25.39
P/E
33.44
EV/Sales
N/A
Sector
Machinery
Category
growth
Deere: Cultivating Technology
Deere (DE) well-positioned for LT growth: precision ag transition improves quality/cyclicality for higher/more stable profits. Strong moat (scale, installed base, dealer network), aligned mgmt. $5.5B mid-cycle FCF at 5.5% yield + 5-7% growth = 10-12% IRR ex multiple expansion. Risks: unions, smaller equip shift, right-to-repair.
Read full article (76 min)