Deere is the leading producer of agriculture related machinery (60% market share of tractors in North America). Founded in 1837, the company has a long history of providing tractors, combines, pickers and harvesters to farmers around the world. Throughout the years, Deere has spent billions of dollars on R&D and acquisitions so that their end customers can lower their input costs while increasing crop productivity. Many of the recent technology enhancements involve autonomy, connectivity, automation and guidance, which the company has categorized as Precision Agriculture. As of 2022, Deere’s customers had over 500k connected machines and 340M+ engaged acres (ones that connected machines have done work).
Great in-depth write-up! It is interesting to read about a company like Deere even getting into the subscription models for some of their offerings to customers. While I believe the stock is consolidating at the moment, this company warrants a potential investment on any solid pullback. Thank you for the analysis!
Great in-depth write-up! It is interesting to read about a company like Deere even getting into the subscription models for some of their offerings to customers. While I believe the stock is consolidating at the moment, this company warrants a potential investment on any solid pullback. Thank you for the analysis!
Enhorabuena por el análisis. Muy detallado y fácil de leer. Me ha gustado mucho. Un saludo desde España!
Thank you!
Very interesting, thank you for this analysis!
Is there any valuation analysis?