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Deere (BSP:DEEC34) Cyclically Adjusted FCF per Share : R$1.36 (As of Apr. 2025)


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What is Deere Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Deere's adjusted free cash flow per share for the three months ended in Apr. 2025 was R$0.484. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is R$1.36 for the trailing ten years ended in Apr. 2025.

During the past 12 months, Deere's average Cyclically Adjusted FCF Growth Rate was 20.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 25.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 50.70% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 19.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Deere was 78.60% per year. The lowest was -24.10% per year. And the median was 4.70% per year.

As of today (2025-05-30), Deere's current stock price is R$95.04. Deere's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2025 was R$1.36. Deere's Cyclically Adjusted Price-to-FCF of today is 69.88.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Deere was 334.77. The lowest was 48.65. And the median was 92.11.


Deere Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Deere's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Deere Cyclically Adjusted FCF per Share Chart

Deere Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.40 0.69 0.80 0.97 1.40

Deere Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.06 1.24 1.40 1.34 1.36

Competitive Comparison of Deere's Cyclically Adjusted FCF per Share

For the Farm & Heavy Construction Machinery subindustry, Deere's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Deere's Cyclically Adjusted Price-to-FCF Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Deere's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Deere's Cyclically Adjusted Price-to-FCF falls into.


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Deere Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Deere's adjusted Free Cash Flow per Share data for the three months ended in Apr. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Apr. 2025 (Change)*Current CPI (Apr. 2025)
=0.484/135.3468*135.3468
=0.484

Current CPI (Apr. 2025) = 135.3468.

Deere Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201507 0.220 100.691 0.296
201510 0.621 100.346 0.838
201601 -0.633 99.957 -0.857
201604 -0.098 100.947 -0.131
201607 0.331 101.524 0.441
201610 0.540 101.988 0.717
201701 -0.424 102.456 -0.560
201704 -0.022 103.167 -0.029
201707 0.099 103.278 0.130
201710 0.210 104.070 0.273
201801 -0.610 104.578 -0.789
201804 -0.228 105.708 -0.292
201807 -0.067 106.324 -0.085
201810 0.596 106.695 0.756
201901 -0.891 106.200 -1.136
201904 -0.242 107.818 -0.304
201907 0.432 108.250 0.540
201910 0.761 108.577 0.949
202001 -0.565 108.841 -0.703
202004 0.376 108.173 0.470
202007 1.545 109.318 1.913
202010 1.582 109.861 1.949
202101 -0.173 110.364 -0.212
202104 0.593 112.673 0.712
202107 1.048 115.183 1.231
202110 1.504 116.696 1.744
202201 -1.869 118.619 -2.133
202204 0.013 121.978 0.014
202207 0.712 125.002 0.771
202210 1.626 125.734 1.750
202301 -1.191 126.223 -1.277
202304 0.055 127.992 0.058
202307 1.096 128.974 1.150
202310 2.398 129.810 2.500
202401 -1.005 130.124 -1.045
202404 0.357 132.289 0.365
202407 1.391 132.708 1.419
202410 2.397 133.182 2.436
202501 -1.415 134.029 -1.429
202504 0.484 135.347 0.484

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Deere  (BSP:DEEC34) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Deere's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=95.04/1.36
=69.88

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Deere was 334.77. The lowest was 48.65. And the median was 92.11.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Deere Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Deere's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Deere Business Description

Address
One John Deere Place, Moline, IL, USA, 61265
Deere is the world's leading manufacturer of agricultural equipment and a major producer of construction machinery. The company is divided into four reporting segments: production & precision agriculture (PPA), small agriculture & turf (SAT), construction & forestry (CF), and financial services (FS), its captive finance subsidiary. The core PPA business is the largest contributor to sales and profits by far. Geographically, Deere sales are 60% US/Canada, 17% Europe, 14% Latin America, and 9% rest of world. Deere goes to market through a robust dealer network that includes over 2,000 dealer locations in North America with reach into over 100 countries. John Deere financial provides retail financing for machinery to its customers and wholesale financing for dealers.

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