Deere Intrinsic Value – Keep Deere’s Fundamentally Strong Agricultural Tech On Your Watchlist!

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Adding Deere ($NYSE:DE) to your watchlist is a must when it comes to staying informed of the progress of this strong agricultural technology company. Deere & Company is an American corporation that manufactures and distributes agricultural, construction, and forestry machinery, diesel engines, drivetrains (axles, transmissions, gearboxes) used in heavy equipment, and lawn care equipment. Deere has achieved success through its innovative products, its strong financial performance, and its commitment to quality and customer service. Its stock is one of the strongest in the agricultural technology sector and it is continuing to introduce new products that are designed to meet customer needs.

Price History

Tuesday proved to be a profitable day for Deere, the agricultural technology powerhouse, with their stock opening at $396.8 and closing at $401.3 – a 1.1% increase from the prior closing price. This single-day gain is further evidence of the company’s strong fundamentals and why investors should keep Deere on their watchlist. Deere is a leader in agricultural technology, offering a range of products and services for farmers and other industry professionals to help them stay at the forefront of farming innovation. Consequently, Deere consistently outperforms the market, making it an increasingly attractive stock for investors. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Deere. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Deere. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Deere. More…

Key Ratios Snapshot

Some of the financial key ratios for Deere are shown below. More…

Analysis – Deere Intrinsic Value

Our team at GoodWhale conducted an in-depth analysis of DEERE’s wellbeing. We utilized our proprietary Valuation Line to calculate the intrinsic value of DEERE’s share at $498.3. Upon further examination, we discovered that the current market price for DEERE is $401.3, making the stock undervalued by 19.5%. This presents a great opportunity for potential investors to purchase DEERE stock at a fair price. Deeres_Fundamentally_Strong_Agricultural_Tech_On_Your_Watchlist”>More…

Peers

Deere & Co. is an American corporation that manufactures agricultural, construction, and forestry machinery, diesel engines, drivetrains (axles, transmissions, gearboxes) used in heavy equipment, and lawn care equipment. In 2018, it was listed as 87th in the Fortune 500 America’s ranking and was ranked 329th in the global ranking. The company also provides financial services and other related activities. Deere & Co.’s main competitors are CNH Industrial NV, Caterpillar Inc, Hitachi Construction Machinery Co Ltd.

– CNH Industrial NV ($NYSE:CNHI)

CNHI is a world leader in the design and manufacture of agricultural and construction equipment. The company has a market cap of 17.03B as of 2022 and a ROE of 29.84%. CNHI produces some of the world’s most recognizable brands, including Case IH, New Holland, and Steyr. The company’s products are used in a variety of applications, including farming, construction, and landscaping.

– Caterpillar Inc ($NYSE:CAT)

Caterpillar Inc. is a publicly traded company with a market capitalization of 96.9 billion as of 2022. The company designs, manufactures, markets and sells machinery and engines used in construction, mining, and forestry applications worldwide. Caterpillar’s return on equity was 33.83% as of 2022.

Caterpillar is a leading manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. The company also serves the defense, rail, and power generation industries. Caterpillar employs more than 130,000 people worldwide and operates in more than 200 countries.

– Hitachi Construction Machinery Co Ltd ($TSE:6305)

Hitachi Construction Machinery Co Ltd has a market cap of 574.79B as of 2022, a Return on Equity of 13.19%. The company is engaged in the manufacturing and selling of construction and mining equipment, as well as other related products and services. The company has a strong presence in Japan and Asia, and is expanding its operations globally.

Summary

Deere & Company (DE) is an agricultural technology company with a strong and long-standing reputation. The company has a strong balance sheet and a diversified portfolio of products. DE has experienced steady growth in its top and bottom lines, and its dividend yield is currently near 1%. DE has also been active in expanding its presence and partnerships through acquisitions and joint ventures. The company is well-positioned to benefit from the growing global demand for agricultural technology solutions.

In addition, the company has a range of products in development that are expected to be released in the near future. In short, DE is a strong and reliable company with long-term potential, making it a great addition to any investment watchlist.