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Deere & Co (DE)

合理估值
IndustrialsFarm & Heavy Construction MachineryUnited States

基本面

60

价格

$663.50

市值

$185.93B

第一部分 · 这家公司值多少

概览

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. The Production and Precision Agriculture segment provides four-wheel-drive track and row crop tractors, harvesters, cotton pickers and strippers, sugarcane harvesters and loaders, soil preparation, tillage, seeding, and crop care equipment, as well as application equipment, including sprayers and nutrient management, soil preparation machinery, and related attachments and service parts. The Small Agriculture and Turf segment offers specialty, utility, and compact tractors; self-propelled forage harvesters and attachments; rotary mowers, hay and forage equipment, and utility vehicles; turf and utility equipment, including riding lawn, commercial mowing, and golf course equipment, and utility vehicles, as well as implements for mowing, tilling, snow and debris handling, aerating, residential, commercial, golf, and sports turf care applications. The Construction and Forestry segment provides backhoe loaders, crawler dozers and loaders, four-wheel-drive loaders, excavators, motor graders, articulated dump trucks, skid-steer loaders, milling machines, recyclers, slipform and asphalt pavers, surface miners, compactors, tandem, static rollers, mobile crushers and screens, mobile and stationary asphalt plants, and log harvesters; and road building and rehabilitation equipment. The Financial Services segment finances sales and leases agriculture and turf, and construction and forestry equipment. It also offers wholesale financing to dealers of the foregoing equipment; and extended equipment warranties. Deere & Company has a strategic partnership with Tarter USA to develop and produce flex wing rotary cutters. The company was founded in 1837 and is headquartered in Moline, Illinois.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

Compare

Generated on 2026年9月18日 with claude-haiku-4-5 — shared with all users

P/E: 34.9Score: 72Market cap: $376.91B

Caterpillar competes with Deere's construction and forestry division on excavators, loaders and dozers sold to contractors and road-building firms, the business Deere enlarged with the purchase of Wirtgen.

CNH Industrial N.V.CNH

CNH sells tractors, combines and precision-farming systems under the Case IH and New Holland brands through its own dealer network, competing with Deere for the same large-farm customers in North America, Europe and Brazil.

AGCO CorporationAGCO

AGCO's Fendt, Massey Ferguson and Valtra lines cover the same full range of tractors and harvesting equipment, and its Fuse/PTx precision-agriculture offer targets the same customers as Deere's John Deere Operations Center.

Kubota Corporation (株式会社クボタ)Not tracked

Kubota is the main rival in compact tractors, utility vehicles and small construction machines sold to hobby farmers, landscapers and contractors, the segment Deere serves with its small agriculture and turf line.

CLAAS KGaA mbHNot tracked

The German family-owned group is Deere's closest competitor in combine harvesters and forage harvesters in Europe, where the two split most of the professional harvesting market.

Mahindra & Mahindra LimitedNot tracked

Mahindra is the world's largest tractor maker by units and Deere's direct rival in India and other emerging markets, as well as in the low-horsepower tractors sold in the United States.

资产负债表与流动性

营收

$47.98B

最近12个月(截至2026/8/2)

净利润

$4.87B

最近12个月(截至2026/8/2)

自由现金流

$6.10B

股东权益合计

$25.95B

负债合计

$79.99B

流动比率

0.91

利息覆盖率

-

债务/EBITDA

0.75

每股收益

营收与净利润

自由现金流

收入构成

历史财务表

利润率变化

债务变化

债务负担有多重

增长一览表

增长 — 营业收入

公允价值估算

一般情形合理估值

公允价值

$673.34

当前价格

$663.50

安全边际

+1.5%

公允价值区间

$507.92 - $838.76

所用估值方法之间的离散区间,并非经过统计校准的置信区间。

估算方法

分析师目标价:$691.83
现金流折现法(DCF):$893.04
市盈率法(P/E):$567.09
格雷厄姆成长公式:$642.97
盈利能力价值(EPV):$289.40
合理市净率(P/B):$250.07
股息折现模型(戈登模型):$121.85
P/FFO(运营资金):$430.58
周期中段收益:$468.22
市销率法(P/S):$504.08
分析师共识:买入 (22B / 12H / 0S)
最近财报超预期:+5.38%

估值指标

市盈率(P/E)

37.33

ROE

19.4%

市净率(P/B)

6.47

P/FCF

30.07

毛利率

-

ROIC

-

盈利能力雷达图

价值创造(经济护城河)

ROIC

-

WACC

9.6%

ROIC − WACC

-

基本面分析标准

通过(16)

  • EPS shows upward trend
  • EPS CAGR 7.96%
  • Price CAGR 20.69%
  • Debt/Equity ratio
  • Positive Free Cash Flow
  • CapEx intensity
  • Debt/EBITDA
  • Return on Tangible Assets
  • Low reliance on intangibles
  • ROE 18.1%
  • Revenue Growth 5Y 5.2%
  • Analyst Consensus 65% Buy
  • Earnings Surprise avg 7.7%
  • Earnings Quality (OCF/NI) 1.49
  • Share Dilution -1.9%
  • Piotroski F-Score 5/9

未通过(6)

  • P/FCF 30.07
  • P/B Ratio 6.47
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • PEG Ratio 2.32
  • Net Margin Trend 10.2% vs 11.7%

不可用(6)

  • ROIC NaN%
  • Gross Margin NaN%
  • Dividend Payout NaN%
  • Operating Margin NaN%
  • Current Ratio
  • Interest Coverage

Piotroski F-评分

5/9

信号混杂:部分领域需关注

score
criteria

盈利质量

1.49

高质量:盈利有现金流支撑

股权稀释

-1.9%

正在回购股份,对股东友好

机构持股

公司治理

管理团队

姓名职位年龄
Mr. John C. May IIChairman, President & CEO56
Mr. Ryan D. CampbellPresident of Worldwide Construction, Forestry & Power Systems50
Ms. Deanna M. KovarPresident of Worldwide Ag & Turf Div, Production and Precision Ag and Americas and Australia46
Mr. T. Brent NorwoodCFO & Senior VP43
Mr. Jahmy J. HindmanSenior VP & CTO49
Christopher SeibertDirector of Investor Relations-
Ms. Renee A. MailhotVP & Chief Compliance Officer-
Ms. Felecia J. Pryor J.D.Senior VP & Chief People Officer50
Dr. J. B. PennChief Economist-
Mr. Andrew C. TraegerChief Risk Officer & Senior VP of International Business at John Deere Financial-

审计风险

7

董事会风险

5

薪酬风险

4

股东权利风险

7

第二部分 · 价格与买入时机

这一部分不判断公司是否值得拥有:它帮助你在基本面说服你之后,选择何时买入。包含:技术分析、潜力、历史回撤、Gamma 敞口。

文件

  • 年度报告(10-K)

    对公司业务、财务业绩和风险的年度概述。

    提交日期:2025-12-18

    查看文件
  • 季度报告(10-Q)

    最近三个月财务表现的最新情况。

    提交日期:2026-08-27

    查看文件
  • 临时报告(8-K)

    关于重大事件(如管理层变动或重要公告)的通知。

    提交日期:2026-08-20

    查看文件

via SEC EDGAR

损益历史

via SEC EDGAR

Latest News

Recent headlines for DE, sourced from Markets Gazette.

  • 8/20/2026POSITIVE
    Risultati Deere: Cramer dice di comprare DE - ma non oggi

    Deere & Company (DE) shares extended gains following a strong Q3 earnings report, with revenue climbing 5% year-over-year to $12.61 billion and earnings per share (EPS) reaching $5.1, up nearly 7% from the previous year. This performance exceeded analyst expectations and has garnered positive attention from market commentators like Jim Cramer, who expressed optimism about the company's outlook. Management commentary suggests the agricultural machinery sector downturn is nearing its end, signaling potential recovery and future growth for Deere. Investors should note the positive earnings surprise and the potential for a sector turnaround.

  • 8/20/2026NEUTRAL
    Deere Narrows Profit Outlook as Farm Recovery Seen in 2027

    Deere & Company has revised its annual profit forecast downwards, citing a stabilizing agriculture sector that is now expected to see a more significant recovery in farm machinery demand by 2027. While the immediate outlook is tempered, the company's forward-looking statement suggests a potential turnaround in the medium term. Investors will monitor upcoming earnings reports for signs of this projected rebound and assess the company's ability to navigate current market conditions.

  • 8/20/2026POSITIVE
    Deere Rallies as Machine Orders Raise Farm Recovery Optimism

    Deere & Co. experienced a significant share price increase following the announcement of a surge in machinery orders. This development signals growing optimism for a recovery within the broader agriculture sector. Investors are interpreting the boosted order book as a strong indicator of renewed demand for farm equipment, suggesting that farmers are increasing capital expenditures. This positive trend could translate into higher revenues and improved profitability for Deere, making it an attractive prospect for those looking to capitalize on a potential agricultural rebound.

  • 6/13/2026NEGATIVE
    Prices Likely to Stay Higher Even If Conflict Ends, Nagel Says

    Bundesbank President Joachim Nagel indicated that elevated prices are likely to persist even if the conflict in Iran concludes shortly. This suggests that inflationary pressures may not abate as quickly as anticipated, potentially impacting consumer spending and corporate profitability. For investors, this outlook implies a continued need for caution regarding inflation-sensitive assets and a potential for prolonged higher interest rate environments, which could dampen economic growth and equity valuations.

  • 5/27/2026NEGATIVE
    Deere's Stock Momentum Drops Amid Agricultural Weakness And Fertilizer Cost Pressures From Iran War

    Deere & Company (DE) is experiencing a decline in stock momentum, primarily attributed to prevailing weakness in the agricultural sector and increased fertilizer costs stemming from geopolitical tensions, specifically the Iran war. While construction demand offers some support, with Freedom Broker raising its price target to $590, the overarching agricultural headwinds are casting a shadow over the company's outlook. Investors are advised to monitor the interplay between these opposing forces, with the agricultural downturn posing a significant risk to Deere's near-term performance.

  • 5/21/2026NEUTRAL
    Deere Gets Lift From Construction as Farmers Still Struggle

    Deere & Co. is experiencing a mixed performance, with its construction and forestry segments providing a significant uplift. This growth is crucial in counterbalancing the ongoing challenges within the agriculture markets, which are currently limiting farmer expenditures. The company's diversified revenue streams are demonstrating resilience, but the persistent struggles in its core agricultural business suggest a cautious outlook for overall performance. Investors are watching to see if the construction segment's strength can sustain the company through the agricultural downturn.

  • 5/11/2026POSITIVE
    $100 Invested In Deere 10 Years Ago Would Be Worth This Much Today

    An investment of $100 in Deere & Company (DE) a decade ago would have grown substantially, highlighting the company's strong long-term performance. While specific figures are not provided in the summary, this historical performance suggests robust revenue growth, effective cost management, and potentially significant shareholder returns through dividends or buybacks. Investors looking at the agricultural and construction equipment giant should consider its track record as an indicator of its resilience and potential for future appreciation, especially given its critical role in global food production and infrastructure development.

via Markets Gazette