...Types of securities The number of common shares the company is authorized to issue is 1,200 million. The number of authorized preferred shares, none of which has been issued, is nine million. Common stock, $1 par value (authorized – 1,200,000,000 shares,issued – 536,431,204 shares in 2015 and 2014), at paid-in amount,Common stock in treasury, 219,743,893 shares in 2015,and 190,926,805 shares in 2014, at cost. Stock valuation The cash flow for John Deere is not so well, $0.42 billion for year 2012, $0.91 billion for 2013 and negative cash flows for 2014 and 2015 (-$0.23 and -$0.70 billion, respectively), and $1.75 for 2017. The average cash flows for the last 5 years were $0.39 billion, with the new cash flows, the average cash flow per year increases marginally to $0.44 billion. Deere & Company traded at a price-to-earnings ratio of around 16 during 2008, and around 10 during 2013 during its last 2 peak earnings years. Based on the data above, the company’s peak-to-peak cycle takes around 6 years.Peak earnings may come around 2019 for Deere & Company. If the company does earn $17.25 a year in 2019 and has a price-to-earnings ratio of 10 – this implies a share price of $172.50. This comes to an annualized share price growth rate of 13% a year. This will be a likely given Deere & Company’s history of strong earnings-per-share growth. Deere & Company’s earnings-per-share are highly cyclical. In full 2015 the company is expected to have earning-per-share...
Words: 390 - Pages: 2
...gs dfg qert ewrt wer y gh fdh j dghj dgh j fg asdf as df asdf adsf.wer t adfsg adfg sdf g sdfg sdfg sdfg sdfg g fh fdgh re tw ert wer twer t sdfbg xcv bxc vb cxvb dfs gs dfg sdfg sdfg sdf gwe rt ert ewrt rt hs gfh cvb xcv bcxv b cvxb xcvb xcvb xcv bxcv b cxvb xcvb xcvb xcvb xcvb cxvb cvx bxcv b cxvb cxvb dfsg sdf gsdfg sdf gsdf g ert erwt ert er lkj kjlh kjlh ,mn mn kjh lkj lk j io iou iou iou li lkj hn b mbn ,m n ,mn ,mn ,m n n kjh jh kj hkj h kjh kjh kj hkj h kjh kj hkj h kjh kj hkj h kjh kjh kj h kjh iuy iuy iu y sdf gas df asd fa sdf as df asd f asdf asd f asdf as df asd f asdf a sdf asd f asdf asd f asdf asd f asdf as df asd f asdf as df asd f asdf asd f asdf as df asd f asdf as df ewrr tqw er qwer wqe r qwer qewr qwe r qewr we r wqer wer qwe r wer qwe rwer twe rt sdfg sdfg sdfg sdf gg...
Words: 350 - Pages: 2