Agricultural & Farm Machinery


I always look at economics of the business
A bird in the hand is worth 2 in the bush and the question is how sure are you there are 2 in the bush and how long you have to wait to get them out
1. How many birds are in the bush?
2. When you gonna get them out?
3. How sure are you?
If interest rates are 15% roughly you've got 2 birds out of bush in 5 years equal to bird in the hand but if interest rates are 3% and you can get 2 birds out in 20 years it still makes sense to give up the bird in the hand because it's all gets back to discounting an interest rate. Often you don't know not only how many birds in the bush but in the case of internet companies there were not any birds in the bush but they still take the bird that you give them from the hand
Loop through all the subindustries and try to understand how many birds are in the bush from the perspective of economics of the business

Revenue

200020012002200320042005200620072008200920102011201220132014201520162017201820192020
Display GDP grow per year to compare with Revenue Change
1. Kubota Corporation KUBTY8,0207,3397,7188,7769,1898,9839,55511,54611,3019,96411,28212,23212,40014,64913,22914,0341,596,0911,751,5351,850,3161,920,042
2. Deere & Company DE12,97913,11513,78015,37519,73121,59221,75523,64828,07323,11226,00532,01336,15737,79536,06728,86326,64429,73837,35839,25835,540
3. CNH Industrial N.V CNHI31,52932,63231,19625,91224,87227,36129,70628,079
4. AGCO Corporation AGCO2,3362,5422,9233,4955,2735,4505,4356,8288,4256,6306,8978,7739,96210,7879,7247,4677,4118,3079,3529,041
5. The Toro Company TTC1,3441,3601,4051,5011,6591,7851,8411,8801,8821,5261,6901,8841,9592,0412,1732,3912,3922,5052,6193,138
6. Titan International, Inc TWI5434574634925114706798371,0377288821,4871,8472,1641,8961,3951,2661,4691,6021,449
7. Ag Growth International Inc AGGZF3544357270131164226263300317336344414532755932996
8. Lindsay Corporation LNN130127146163197177226282475336358479551691618560516518548444475
9. Buhler Industries Inc BIIAF77119147134163174157168206266204271368334291246274312288229
10. Art's-Way Manufacturing Co., Inc ARTW14.2310.8910.911.4112.7814.6219.85263226292836343628222119.7323
11. GrowLife, Inc PHOT1.454.868.543.51.232.454.578.22
12. CO2 Gro Inc BLONF00000.010.0200.01


Revenue Growth

200020012002200320042005200620072008200920102011201220132014201520162017201820192020
Display GDP growth per year to compare with Revenue Change
1. Kubota Corporation KUBTY0.860.860.921.051.141.050.981.061.210.980.881.131.081.011.180.91.06113.731.11.061.04
2. Deere & Company DE1.011.011.051.121.281.091.011.091.190.821.131.231.131.050.950.80.921.121.261.050.91
3. CNH Industrial N.V CNHI1.031.030.960.830.961.11.090.95
4. AGCO Corporation AGCO1.091.091.151.21.511.0311.261.230.791.041.271.141.080.90.770.991.121.130.97
5. The Toro Company TTC1.011.011.031.071.111.081.031.0210.811.111.111.041.041.061.111.051.051.2
6. Titan International, Inc TWI0.840.841.011.061.040.921.451.231.240.71.211.691.241.170.880.740.911.161.090.9
7. Ag Growth International Inc AGGZF1.251.250.82.040.971.881.251.381.171.141.061.061.031.21.281.421.231.07
8. Lindsay Corporation LNN0.980.981.151.121.20.91.271.251.690.711.071.341.151.250.890.910.9211.060.811.07
9. Buhler Industries Inc BIIAF1.541.541.230.911.221.060.91.071.231.290.771.331.360.910.870.851.121.140.920.8
10. Art's-Way Manufacturing Co., Inc ARTW0.770.7711.051.121.141.361.291.260.821.10.951.320.941.060.770.770.960.951.16
11. GrowLife, Inc PHOT3.353.351.760.410.351.991.871.8
12. CO2 Gro Inc BLONFNANNANNANINF5.472.460.183.11