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Deere

SWX:DE
Snowflake Description

Proven track record average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DE
SWX
$55B
Market Cap
  1. Home
  2. CH
  3. Capital Goods
Company description

Deere & Company manufactures and distributes various equipment worldwide. The last earnings update was 81 days ago. More info.


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DE Share Price and Events
7 Day Returns
0%
SWX:DE
-0.3%
CH Machinery
-0%
CH Market
1 Year Returns
9.4%
SWX:DE
14.4%
CH Machinery
13.3%
CH Market
DE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Deere (DE) 0% 0% 0% 9.4% 74.3% 91.9%
CH Machinery -0.3% 7.6% 15.7% 14.4% 26.5% 41.5%
CH Market -0% 3.2% 4.8% 13.3% 21.9% 13%
1 Year Return vs Industry and Market
  • DE underperformed the Machinery industry which returned 14.4% over the past year.
  • DE underperformed the Market in Switzerland which returned 13.3% over the past year.
Price Volatility
DE
Industry
5yr Volatility vs Market

DE Value

 Is Deere undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Deere to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Deere.

SWX:DE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 16 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.4%
Perpetual Growth Rate 10-Year CH Government Bond Rate 3.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SWX:DE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CH Govt Bond Rate 3.3%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.078 (1 + (1- 21%) (82.88%))
1.526
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.53
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (1.526 * 5.96%)
12.37%

Discounted Cash Flow Calculation for SWX:DE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Deere is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

SWX:DE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 12.37%)
2020 3,378.14 Analyst x7 3,006.34
2021 3,802.00 Analyst x6 3,011.15
2022 4,484.00 Analyst x1 3,160.43
2023 5,174.00 Analyst x1 3,245.40
2024 5,701.22 Est @ 10.19% 3,182.51
2025 6,163.90 Est @ 8.12% 3,062.09
2026 6,574.62 Est @ 6.66% 2,906.65
2027 6,945.88 Est @ 5.65% 2,732.81
2028 7,288.68 Est @ 4.94% 2,552.07
2029 7,612.09 Est @ 4.44% 2,371.96
Present value of next 10 years cash flows $29,231.00
SWX:DE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $7,612.09 × (1 + 3.28%) ÷ (12.37% – 3.28%)
$86,462.76
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $86,462.76 ÷ (1 + 12.37%)10
$26,942.18
SWX:DE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $29,231.00 + $26,942.18
$56,173.18
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $56,173.18 / 314.87
$178.4
SWX:DE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in SWX:DE represents 0.92286x of NYSE:DE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.92286x
Value per Share
(Listing Adjusted, CHF)
= Value per Share (USD) x Listing Adjustment Factor
= $ 178.40 x 0.92286
CHF164.64
Value per share (CHF) From above. CHF164.64
Current discount Discount to share price of CHF161.02
= -1 x (CHF161.02 - CHF164.64) / CHF164.64
2.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Deere is available for.
Intrinsic value
2%
Share price is CHF161.02 vs Future cash flow value of CHF164.64
Current Discount Checks
For Deere to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Deere's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Deere's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Deere's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Deere's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:DE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-07-28) in USD $10.43
NYSE:DE Share Price ** NYSE (2019-11-18) in USD $174.48
Switzerland Machinery Industry PE Ratio Median Figure of 25 Publicly-Listed Machinery Companies 23.34x
Switzerland Market PE Ratio Median Figure of 171 Publicly-Listed Companies 19.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Deere.

SWX:DE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:DE Share Price ÷ EPS (both in USD)

= 174.48 ÷ 10.43

16.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Deere is good value based on earnings compared to the CH Machinery industry average.
  • Deere is good value based on earnings compared to the Switzerland market.
Price based on expected Growth
Does Deere's expected growth come at a high price?
Raw Data
SWX:DE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.73x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
7.3%per year
Switzerland Machinery Industry PEG Ratio Median Figure of 23 Publicly-Listed Machinery Companies 1.18x
Switzerland Market PEG Ratio Median Figure of 124 Publicly-Listed Companies 2.17x

*Line of best fit is calculated by linear regression .

SWX:DE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.73x ÷ 7.3%

2.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Deere is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Deere's assets?
Raw Data
SWX:DE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-07-28) in USD $38.96
NYSE:DE Share Price * NYSE (2019-11-18) in USD $174.48
Switzerland Machinery Industry PB Ratio Median Figure of 25 Publicly-Listed Machinery Companies 2.3x
Switzerland Market PB Ratio Median Figure of 214 Publicly-Listed Companies 1.66x
SWX:DE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:DE Share Price ÷ Book Value per Share (both in USD)

= 174.48 ÷ 38.96

4.48x

* Primary Listing of Deere.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Deere is overvalued based on assets compared to the CH Machinery industry average.
X
Value checks
We assess Deere's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Deere has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

DE Future Performance

 How is Deere expected to perform in the next 1 to 3 years based on estimates from 16 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Deere expected to grow at an attractive rate?
  • Deere's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Growth vs Market Checks
  • Deere's earnings growth is positive but not above the Switzerland market average.
  • Deere's revenue growth is positive but not above the Switzerland market average.
Annual Growth Rates Comparison
Raw Data
SWX:DE Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:DE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 7.3%
SWX:DE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts 0.6%
Switzerland Machinery Industry Earnings Growth Rate Market Cap Weighted Average 14.5%
Switzerland Machinery Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Switzerland Market Earnings Growth Rate Market Cap Weighted Average 9.9%
Switzerland Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SWX:DE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SWX:DE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-10-31 35,366 1
2022-10-31 34,543 1
2021-10-31 36,031 4,698 3,738 7
2020-10-31 35,122 4,516 3,501 13
2019-11-18
2019-10-31 34,649 3,607 3,212 13
SWX:DE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-07-28 38,731 2,896 3,316
2019-04-28 39,004 1,546 3,327
2019-01-27 38,388 1,466 3,402
2018-10-28 37,318 1,820 2,368
2018-07-29 35,567 799 2,094
2018-04-29 32,971 1,143 1,825
2018-01-28 30,360 1,641 1,425
2017-10-29 29,071 2,200 2,159
2017-07-30 27,874 3,175 1,934
2017-04-30 26,884 3,918 1,781
2017-01-29 26,757 3,811 1,468
2016-10-30 26,549 3,770 1,523
2016-07-31 26,804 3,872 1,589

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Deere's earnings are expected to grow by 7.3% yearly, however this is not considered high growth (20% yearly).
  • Deere's revenue is expected to grow by 0.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SWX:DE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below

All data from Deere Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:DE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-10-31
2022-10-31
2021-10-31 12.56 14.55 10.95 8.00
2020-10-31 10.84 11.85 9.39 13.00
2019-11-18
2019-10-31 9.99 10.10 9.81 7.00
SWX:DE Past Financials Data
Date (Data in USD Millions) EPS *
2019-07-28 10.43
2019-04-28 10.40
2019-01-27 10.58
2018-10-28 7.34
2018-07-29 6.48
2018-04-29 5.66
2018-01-28 4.44
2017-10-29 6.76
2017-07-30 6.09
2017-04-30 5.63
2017-01-29 4.66
2016-10-30 4.83
2016-07-31 5.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Deere is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Deere's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Switzerland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Switzerland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Deere has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

DE Past Performance

  How has Deere performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Deere's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Deere's year on year earnings growth rate has been positive over the past 5 years.
  • Deere's 1-year earnings growth exceeds its 5-year average (58.6% vs 0.9%)
  • Deere's earnings growth has exceeded the CH Machinery industry average in the past year (58.6% vs 2.7%).
Earnings and Revenue History
Deere's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Deere Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:DE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-07-28 38,730.70 3,316.00 2,928.60 1,764.60
2019-04-28 39,003.70 3,327.00 2,947.60 1,749.60
2019-01-27 38,387.80 3,401.50 2,951.20 1,707.60
2018-10-28 37,317.70 2,368.00 2,897.60 1,657.60
2018-07-29 35,566.70 2,094.10 2,816.72 1,569.98
2018-04-29 32,970.50 1,825.30 2,693.22 1,490.68
2018-01-28 30,360.00 1,424.50 2,538.32 1,400.88
2017-10-29 29,070.70 2,158.50 2,493.52 1,356.18
2017-07-30 27,873.60 1,933.60 2,448.80 1,360.20
2017-04-30 26,884.20 1,780.90 2,375.70 1,362.30
2017-01-29 26,756.90 1,467.80 2,320.30 1,381.90
2016-10-30 26,549.00 1,523.20 2,275.30 1,393.70
2016-07-31 26,803.70 1,589.00 2,235.90 1,407.10
2016-05-01 27,671.00 1,611.90 2,295.90 1,415.10
2016-01-31 27,816.00 1,806.80 2,327.10 1,411.20
2015-11-01 28,780.80 1,939.20 2,386.00 1,425.10
2015-07-31 31,046.30 2,237.20 2,503.70 1,433.20
2015-04-30 32,956.70 2,576.30 2,554.00 1,448.50
2015-01-31 34,777.00 2,866.50 2,653.10 1,461.50
2014-10-31 36,049.90 3,160.70 2,755.20 1,452.00
2014-07-31 36,537.60 3,318.40 2,866.50 1,445.10
2014-04-30 37,047.40 3,464.10 2,978.40 1,421.80
2014-01-31 38,013.00 3,567.70 3,095.40 1,444.50
2013-10-31 37,780.40 3,536.40 3,125.30 1,477.30
2013-07-31 38,122.50 3,417.20 3,135.00 1,473.40
2013-04-30 37,703.00 3,208.80 3,109.00 1,502.40
2013-01-31 36,798.00 3,180.80 3,040.00 1,477.60

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Deere has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Deere used its assets less efficiently than the CH Machinery industry average last year based on Return on Assets.
  • Deere has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Deere's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Deere has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

DE Health

 How is Deere's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Deere's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Deere is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Deere's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Deere's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Deere Company Filings, last reported 3 months ago.

SWX:DE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-07-28 12,284.00 45,533.00 2,966.00
2019-04-28 11,938.30 44,886.40 3,041.30
2019-01-27 11,346.70 43,290.70 2,758.10
2018-10-28 11,305.20 42,606.10 3,288.00
2018-07-29 10,379.90 42,702.20 2,888.30
2018-04-29 10,434.60 41,917.30 3,098.80
2018-01-28 9,278.90 40,843.60 2,736.70
2017-10-29 9,574.50 40,177.30 8,315.60
2017-07-30 8,588.90 37,559.60 5,511.80
2017-04-30 7,707.80 35,522.30 3,617.90
2017-01-29 6,849.70 34,680.40 2,865.00
2016-10-30 6,544.80 35,640.50 3,489.70
2016-07-31 7,454.10 37,266.40 3,687.10
2016-05-01 7,190.70 37,914.80 3,303.00
2016-01-31 6,603.80 36,300.20 2,850.50
2015-11-01 6,757.60 36,909.40 3,325.70
2015-07-31 7,725.00 37,227.20 3,322.50
2015-04-30 8,176.00 37,386.50 3,528.90
2015-01-31 8,248.80 36,697.30 3,444.40
2014-10-31 9,065.50 37,039.40 3,604.60
2014-07-31 10,832.50 36,861.10 3,191.40
2014-04-30 10,667.60 36,395.40 3,292.50
2014-01-31 10,257.80 34,557.30 4,015.80
2013-10-31 10,267.70 34,612.70 4,592.40
2013-07-31 8,591.60 33,886.80 4,373.50
2013-04-30 8,266.80 34,075.30 4,149.40
2013-01-31 7,485.50 32,653.80 4,177.10
  • Deere's level of debt (370.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (340.3% vs 370.7% today).
  • Debt is not well covered by operating cash flow (6.4%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 19.9x coverage).
X
Financial health checks
We assess Deere's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Deere has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

DE Dividends

 What is Deere's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.74%
Current annual income from Deere dividends. Estimated to be 1.93% next year.
If you bought CHF2,000 of Deere shares you are expected to receive CHF35 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Deere's pays a lower dividend yield than the bottom 25% of dividend payers in Switzerland (1.85%).
  • Deere's dividend is below the markets top 25% of dividend payers in Switzerland (3.6%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SWX:DE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
Switzerland Machinery Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 2.2%
Switzerland Market Average Dividend Yield Market Cap Weighted Average of 163 Stocks 2.9%
Switzerland Minimum Threshold Dividend Yield 10th Percentile 1.2%
Switzerland Bottom 25% Dividend Yield 25th Percentile 1.8%
Switzerland Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SWX:DE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-10-31
2022-10-31
2021-10-31 3.49 6.00
2020-10-31 3.30 11.00
2019-11-18
2019-10-31 2.99 11.00
SWX:DE Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-08-27 3.040 1.815
2019-05-29 3.040 1.941
2019-02-27 3.040 1.936
2018-12-06 3.040 1.956
2018-08-29 2.760 1.879
2018-05-30 2.760 1.923
2018-02-28 2.400 1.598
2017-12-06 2.400 1.490
2017-08-30 2.400 1.852
2017-05-31 2.400 1.923
2017-02-22 2.400 2.150
2016-12-07 2.400 2.269
2016-08-31 2.400 2.723
2016-05-25 2.400 2.925
2016-02-24 2.400 2.964
2015-12-02 2.400 3.133
2015-08-26 2.400 3.085
2015-05-27 2.400 2.576
2015-02-25 2.400 2.679
2014-12-03 2.400 2.713
2014-08-27 2.400 2.842
2014-05-28 2.400 2.716
2014-02-26 2.040 2.251
2013-12-04 2.040 2.329
2013-08-28 2.040 2.451
2013-05-30 2.040 2.439
2013-02-27 2.040 2.322
2012-12-05 1.840 2.065
2012-08-29 1.840 2.229
2012-05-30 1.840 2.408
2012-02-29 1.840 2.305
2011-12-07 1.640 1.988
2011-08-31 1.640 2.236
2011-05-24 1.640 2.072
2011-02-23 1.400 1.525
2010-12-01 1.400 1.613
2010-08-25 1.200 1.645
2010-05-26 1.200 1.975
2010-02-24 1.120 1.888
2009-12-02 1.120 2.064
2009-08-26 1.120 2.445
2009-05-27 1.120 2.658
2009-02-25 1.120 3.181
2008-12-10 1.120 3.023

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Deere's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.4x coverage).
X
Income/ dividend checks
We assess Deere's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Deere afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Deere has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

DE Management

 What is the CEO of Deere's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John May
COMPENSATION $4,273,996
AGE 50
TENURE AS CEO 0 years
CEO Bio

Mr. John C. May II serves CEO & Director at Deere & Co. since 2019 and served its President until 2019. He is responsible for leading Deere & Company's efforts to maximize its financial and operational performance in all businesses and regions. Prior to his current role, he was President & Chief Operating Officer, a position he assumed in April 2019. Earlier, he served as President, Worldwide Agriculture & Turf Division, with responsibility for the Americas and Australia, as well for the global harvesting, turf and utility, and crop care platforms, and the intelligent solutions group. He previously served as the company's Chief Information Officer and as President, Agricultural Solutions. In addition, he has experience in Deere's Worldwide Construction & Forestry Division having been factory manager at the John Deere Dubuque Works. In other roles, he was Vice President, Global Turf & Utility platform, and Managing Director of Deere's China operations during a period of significant growth. He became part of the company's senior management team in 2012.He joined John Deere in 1997 after working as a management consultant at KPMG Peat Marwick. He holds a bachelor's degree from the University of New Hampshire and an MBA from the University of Maine.

CEO Compensation
  • John's compensation has been consistent with company performance over the past year, both up more than 20%.
  • John's remuneration is about average for companies of similar size in Switzerland.
Management Team Tenure

Average tenure and age of the Deere management team in years:

4.5
Average Tenure
51
Average Age
  • The tenure for the Deere management team is about average.
Management Team

John May

TITLE
CEO & Director
COMPENSATION
$4M
AGE
50

Rajesh Kalathur

TITLE
President of John Deere Financial & Chief Information Officer
COMPENSATION
$4M
AGE
51
TENURE
1 yrs

Jim Field

TITLE
President of Worldwide Construction & Forestry Division and Power Systems
COMPENSATION
$5M
AGE
56
TENURE
7.2 yrs

Ryan Campbell

TITLE
Senior VP & CFO
AGE
44
TENURE
0.6 yrs

Jeffrey Trahan

TITLE
Vice President of Pension Fund & Investments
TENURE
4.8 yrs

Marc Howze

TITLE
Senior VP & Chief Administrative Officer
AGE
56
TENURE
3 yrs

Josh Jepsen

TITLE
Director of Investor Relations

Mary K. Jones

TITLE
Chief Legal Officer
AGE
51
TENURE
6.8 yrs

Renee Mailhot

TITLE
VP & Chief Compliance Officer
TENURE
4.5 yrs

Ken Golden

TITLE
Director of Global Public Relations
Board of Directors Tenure

Average tenure and age of the Deere board of directors in years:

5.8
Average Tenure
66.5
Average Age
  • The tenure for the Deere board of directors is about average.
Board of Directors

Sam Allen

TITLE
Chairman of the Board
COMPENSATION
$19M
AGE
65
TENURE
9.8 yrs

John May

TITLE
CEO & Director
COMPENSATION
$4M
AGE
50
TENURE
0.3 yrs

Dipak Jain

TITLE
Independent Director
COMPENSATION
$313K
AGE
62
TENURE
17.8 yrs

Vance Coffman

TITLE
Presiding Director
COMPENSATION
$330K
AGE
75
TENURE
3.8 yrs

Clay Jones

TITLE
Independent Director
COMPENSATION
$296K
AGE
70
TENURE
12.3 yrs

Sherry Smith

TITLE
Independent Director
COMPENSATION
$296K
AGE
57
TENURE
7.9 yrs

Greg Page

TITLE
Independent Director
COMPENSATION
$286K
AGE
68
TENURE
6.8 yrs

Chad Holliday

TITLE
Independent Director
COMPENSATION
$282K
AGE
71
TENURE
1.8 yrs

Mike Johanns

TITLE
Independent Director
COMPENSATION
$286K
AGE
68
TENURE
4.8 yrs

Dmitri Stockton

TITLE
Independent Director
COMPENSATION
$280K
AGE
55
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CHF) Value (CHF)
X
Management checks
We assess Deere's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Deere has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

DE News

Simply Wall St News

DE Company Info

Description

Deere & Company manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment offers agriculture and turf equipment, and related parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment. It also provides hay and forage equipment, such as self-propelled forage harvesters and attachments, balers, and mowers; turf and utility equipment, including riding lawn equipment and walk-behind mowers, golf course equipment, utility vehicles, and commercial mowing equipment; integrated agricultural management systems technology and solutions; and other outdoor power products. The Construction and Forestry segment manufactures and distributes backhoe loaders; crawler dozers and loaders; four-wheel-drive loaders; excavators; motor graders; articulated dump trucks; landscape loaders; skid-steer loaders; milling machines; recyclers; slipform pavers; surface miners; asphalt pavers; compactors; tandem and static rollers; mobile crushers and screens; mobile and stationary asphalt plants; and log skidders, loaders, forwarders, and harvesters, as well as feller bunchers and related attachments used in construction, earthmoving, road building, material handling, and timber harvesting applications. The Financial Services segment finances sales and leases agriculture and turf, and construction and forestry equipment. This segment also offers wholesale financing to dealers of the foregoing equipment; finances retail revolving charge accounts; and provides extended equipment warranties. It markets its products through independent retail dealer networks and retail outlets. The company was founded in 1837 and is based in Moline, Illinois.

Details
Name: Deere & Company
DE
Exchange: SWX
Founded: 1837
$54,259,416,497
314,872,834
Website: http://www.deere.com
Address: Deere & Company
One John Deere Place,
Moline,
Illinois, 61265,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE DE Common Shares New York Stock Exchange US USD 02. Jan 1968
DB DCO Common Shares Deutsche Boerse AG DE EUR 02. Jan 1968
XTRA DCO Common Shares XETRA Trading Platform DE EUR 02. Jan 1968
LSE 0R2P Common Shares London Stock Exchange GB USD 02. Jan 1968
SWX DE Common Shares SIX Swiss Exchange CH CHF 02. Jan 1968
WBAG DEER Common Shares Wiener Boerse AG AT EUR 02. Jan 1968
BMV DE * Common Shares Bolsa Mexicana de Valores MX MXN 02. Jan 1968
BASE DE CEDEAR EACH 2 REPR 1 ORD (USD) Buenos Aires Stock Exchange AR ARS 25. Nov 2002
BOVESPA DEEC34 BDR EACH REP 0.5 COM USD1 Bolsa de Valores de Sao Paulo BR BRL 13. May 2019
Number of employees
Current staff
Staff numbers
74,413
Deere employees.
Industry
Agricultural and Farm Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 21:55
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/18
Last earnings filing: 2019/08/29
Last earnings reported: 2019/07/28
Last annual earnings reported: 2018/10/28


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.