John Deere's Share Price Has Stagnated And It Will Continue

Sep. 22, 2024 10:37 AM ETDeere & Company (DE) StockDEER:CA, DE22 Comments
The Value Portfolio
Investing Group Leader
(5min)

Summary

  • John Deere's net sales and revenues declined 17% in 3Q 2024, with net income and diluted EPS dropping over 40%, reflecting a weak market.
  • The company faces broad segment weakness, with significant declines in South America and moderate declines in Asia, impacting overall revenue.
  • Despite a P/E of 16x, John Deere's 4% FCF yield and 1.5% dividend yield indicate poor long-term investment potential amidst high competition and market struggles.
  • John Deere's core agricultural and construction segments are expected to see substantial revenue drops, making it a poor investment at this time.
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John Deere tractor hauling a tipper trailer on a country road in between agricultural fields

Sjo/iStock Unreleased via Getty Images

John Deere (NYSE:DE), also known publicly as Deere & Company, is an American heavy industrial equipment and farming equipment manufacturer. The company is well known for its million dollar machines that allow American farmers to operate at a

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This article was written by

The Value Portfolio
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The Value Portfolio specializes in building retirement portfolios and utilizes a fact-based research strategy to identify investments. This includes extensive readings of 10Ks, analyst commentary, market reports, and investor presentations. He invests real money in the stocks he recommends.

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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