A meaningful DCF fair value isn't available for Deere & Company (DE) — its free-cash-flow and net-debt profile makes a standard discounted-cash-flow model unreliable (common for loss-makers and high-net-debt or recently-public companies), and no analyst DCF is published. Explore your own assumptions with the editable model below.
What would today's price require?
$680.73 is justified only if free cash flow grows about +36.9% a year (fading to 2.5% long-run) at a 8.6% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 0.5%/yr | 9.6% | N/A |
| Base case | 2.8%/yr | 8.6% | $25.68 |
| Optimistic | 5.8%/yr | 7.6% | $109.16 |
| Third-party model estimate (FMP) | independent reference · retrieved Sep 9, 2026 · assumptions not provided | $186.77 | |
The FMP figure is a third-party point estimate. Its cash-flow forecast, discount rate, terminal growth, and valuation date are not included in the stored response, so TGMCharts presents it only as a reference—not as an intrinsic-value conclusion or price target.
Current Price
$680.73
Market-Implied Growth
+36.9%/yr
vs -6.1% 5Y actual
Base-Case Model Value
N/A
Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for DE (growth from its own 5-year record, discount from its beta), so the sandbox starts where the scenarios above leave off. Illustrative model — not investment advice.
Base inputs: FCF $3.7B · 0.27B shares · net debt $55.6B
Estimated Fair Value
$25.68
-96.2% vs $680.73
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 2.8%/yr FCF growth and 10-year horizon fixed. Green = above today's $680.73; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 6.6% | $80.69 | $107 | $139 | $180 | $235 |
| 7.6% | $33.38 | $50.62 | $71.20 | $96.24 | $127 |
| 8.6% | N/A | $11.56 | $25.68 | $42.30 | $62.16 |
| 9.6% | N/A | N/A | N/A | $4.71 | $18.34 |
| 10.6% | N/A | N/A | N/A | N/A | N/A |
