Previous Close | €431.35 |
AI Value | €347.91 |
Upside potential | -19% |
Deere & Company (Deere) is a global leader in the manufacturing of agricultural, construction, and forestry machinery, as well as diesel engines and drivetrains. The company operates through four segments: Production & Precision Agriculture, Small Agriculture & Turf, Construction & Forestry, and Financial Services. Deere holds a dominant market position in agricultural equipment, particularly in large tractors and combines, with a strong brand reputation built on reliability and innovation. Its competitive advantages include a vast dealer network, advanced precision agriculture technology (e.g., autonomous tractors, GPS-guided systems), and a robust aftermarket parts and services business. The company serves both large-scale agribusinesses and small farmers, with significant exposure to North America (its largest market) and growing international demand.
Leader in autonomous farming solutions (e.g., fully autonomous 8R tractor), 4,000+ patents, and heavy R&D investment (~5% of revenue). John Deere's ExactApply spraying system and See & Spray weed control tech demonstrate technological leadership.
Deere & Company is a well-positioned industry leader with durable competitive advantages in agricultural machinery and a growing precision ag tech portfolio. Its financial strength and innovation pipeline support long-term growth, though cyclicality and supply chain risks warrant monitoring. The stock offers exposure to global food security trends and infrastructure investment, with catalysts from new product rollouts and steady farm income levels. Risks include commodity price volatility and potential margin pressure from input costs.
Deere 2023 Annual Report (10-K), Q1 2024 Earnings Presentation, USDA 2024 Farm Income Forecast, Bloomberg Intelligence.
Historical valuation data is not available at this time.