NYSE · DE
Industrials · Agricultural - Machinery
$677.94▲ 0.11% ($0.73)at close
After hours$677.50▼ 0.06%·7:46 PM ET
Market cap
To support a price of $677.94, this model requires Stage 1 FCFF to grow by 15.12%/yr over the next 5 years, compounded annually.
Historical FCFF grew by 19.53%/yr over the past 10 years. The required annual growth rate is 4.41 percentage points lower.
Selected forecast · Base scenario
19.53%/yr · Stage 1 default · years 1–5
Annual overrides take precedence over the Stage 1 default.
Market-implied · Other assumptions held fixed
15.12%/yr · Stage 1 · years 1–5
Stage 1 growth is solved while Stage 2 growth, terminal growth, discount inputs, and annual overrides remain fixed. This is a model-implied requirement, not an analyst forecast.
Price used
$677.94
Estimated value / share
$849.66
Base scenario
This estimate is 25.33% above the price used.
FCFF base normalized by replacing latest capex with the company's trailing median capex-to-revenue ratio.
Historical FCFF CAGR and the default growth rates are taken from the raw historical series. The valuation base is normalized for the current-period DCF.
Stage 1 19.53% · Stage 2 10.74% · Discount rate 8.26%
Assumption scenarios, not statistical confidence intervals.
Estimated from future free cash flow, discounted to its value today.
FCFF is positive, but the year-to-year swings are too large for a direct CAGR. Normalize the cash-flow base first, then run DCF.
Is FCFF positive and has it been for 3+ consecutive years? 7 consecutive positive FCFF years are available.
Is FCFF stable (not swinging >30% year to year)? The largest recent FCFF swing is 567.2%.
DE
Price vs Fundamentals
The stock rose 43.83% over the last year. Revenue grew 9.87% over the trailing twelve months. Operating margin moved from 19.96% to 18.97%. Free cash flow declined 5.71% over the trailing twelve months.
The stock has moved higher against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
Operating margin currently stands at 18.97%. A decisive move in revenue — currently up 9.87% — would be the clearest signal to resolve the ambiguity.
Performance
Company profile
Deere & Company is a global manufacturer and distributor of a wide range of equipment.
Market multiples
Stock splits
Every 1 shares became 2
Every 1 shares became 3
Every 1 shares became 2
Every 1 shares became 2
Profitability & growth
Analyst consensus
20
Buy
20
Hold
6
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Nov 25, 2026
Q4 FY26 · EPS est $4.07 · Revenue est $10.42B
View
Dividends
$6.48/shareQuarterlyDividend Aristocrat · 35yrEx-div Sep 30, 2026 · in 20dSafeDE pays a dividend with a 0.96% declared yield, 35 consecutive years of growth, growing at 12.41% annually, covered 1.9× by free cash flow.
Declared Yield
0.96%
Annual Div / Share
$6.48
5yr CAGR
+12.41%
Doubles every ~5.9yr
Payout Ratio
35.99%
Safe
Dividend Growth Rate
3yr CAGR
+8.67%
5yr CAGR
+12.41%
10yr CAGR
+10.44%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$1/mo
In 5 yrs
$1/mo
In 10 yrs
$2/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$10/yr $1/mo | $17/yr+76% $1/mo | $30/yr+211% $2/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 0.96% → 2.97% over 10yr
Analysis
Dividend Aristocrat
DE has raised its dividend for 35 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 1.9× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 12.41% meaningfully outpaces inflation, compounding real income growth for long-term holders.
No strong risk signal stands out from the latest period pair.
$183.00B
P/E
37.66
Volume
1.17M
Shares outstanding
269.94M