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PCAR

PACCAR NasdaqGS:PCAR Stock Report

Last Price

US$91.37

Market Cap

US$31.8b

7D

1.3%

1Y

14.6%

Updated

09 Aug, 2022

Data

Company Financials +
PCAR fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends3/6

PCAR Stock Overview

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, Mexico, South America, Australia, and internationally.

PACCAR Competitors

Price History & Performance

Summary of all time highs, changes and price drops for PACCAR
Historical stock prices
Current Share PriceUS$91.37
52 Week HighUS$97.56
52 Week LowUS$77.00
Beta0.90
1 Month Change12.71%
3 Month Change10.60%
1 Year Change14.57%
3 Year Change37.73%
5 Year Change40.85%
Change since IPO2,374.16%

Recent News & Updates

Aug 08
PACCAR (NASDAQ:PCAR) Is Due To Pay A Dividend Of $0.34

PACCAR (NASDAQ:PCAR) Is Due To Pay A Dividend Of $0.34

PACCAR Inc ( NASDAQ:PCAR ) has announced that it will pay a dividend of $0.34 per share on the 7th of September. The...

Jul 27
Is There An Opportunity With PACCAR Inc's (NASDAQ:PCAR) 37% Undervaluation?

Is There An Opportunity With PACCAR Inc's (NASDAQ:PCAR) 37% Undervaluation?

Today we will run through one way of estimating the intrinsic value of PACCAR Inc ( NASDAQ:PCAR ) by taking the...

Jul 25

PACCAR Q2 2022 Earnings Preview

PACCAR (NASDAQ:PCAR) is scheduled to announce Q2 earnings results on Tuesday, July 26th, before market open. The consensus EPS Estimate is $1.83 (vs. $1.41 last year) and the consensus Revenue Estimate is $6.57B (+12.5% Y/Y). Over the last 1 year, PCAR has beaten EPS estimates 75% of the time and has beaten revenue estimates 50% of the time. Over the last 3 months, EPS estimates have seen 14 upward revisions and 2 downward. Revenue estimates have seen 9 upward revisions and 0 downward.

Shareholder Returns

PCARUS MachineryUS Market
7D1.3%0.4%1.1%
1Y14.6%-12.7%-13.0%

Return vs Industry: PCAR exceeded the US Machinery industry which returned -12.7% over the past year.

Return vs Market: PCAR exceeded the US Market which returned -13% over the past year.

Price Volatility

Is PCAR's price volatile compared to industry and market?
PCAR volatility
PCAR Average Weekly Movement3.9%
Machinery Industry Average Movement6.0%
Market Average Movement7.9%
10% most volatile stocks in US Market17.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: PCAR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: PCAR's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
190528,500R. Feighthttps://www.paccar.com

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods.

PACCAR Fundamentals Summary

How do PACCAR's earnings and revenue compare to its market cap?
PCAR fundamental statistics
Market CapUS$31.77b
Earnings (TTM)US$2.21b
Revenue (TTM)US$25.46b

14.4x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PCAR income statement (TTM)
RevenueUS$25.46b
Cost of RevenueUS$20.86b
Gross ProfitUS$3.61b
Other ExpensesUS$1.41b
EarningsUS$2.21b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)6.35
Gross Margin14.19%
Net Profit Margin8.67%
Debt/Equity Ratio84.8%

How did PCAR perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

21%

Payout Ratio

Does PCAR pay a reliable dividends?

See PCAR dividend history and benchmarks
When do you need to buy PCAR by to receive an upcoming dividend?
PACCAR dividend dates
Ex Dividend DateAug 16 2022
Dividend Pay DateSep 07 2022
Days until Ex dividend6 days
Days until Dividend pay date28 days

Does PCAR pay a reliable dividends?

See PCAR dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is PCAR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PCAR?

Other financial metrics that can be useful for relative valuation.

PCAR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.5x
Enterprise Value/EBITDA12.2x
PEG Ratio-6x

Price to Earnings Ratio vs Peers

How does PCAR's PE Ratio compare to its peers?

PCAR PE Ratio vs Peers
The above table shows the PE ratio for PCAR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average16x
CMI Cummins
15x11.0%US$30.8b
WAB Westinghouse Air Brake Technologies
26.5x29.5%US$16.8b
CAT Caterpillar
14.5x7.3%US$98.2b
ALSN Allison Transmission Holdings
7.8x0.1%US$3.6b
PCAR PACCAR
14.4x-2.4%US$31.8b

Price-To-Earnings vs Peers: PCAR is good value based on its Price-To-Earnings Ratio (14.4x) compared to the peer average (16x).


Price to Earnings Ratio vs Industry

How does PCAR's PE Ratio compare vs other companies in the US Machinery Industry?

Price-To-Earnings vs Industry: PCAR is good value based on its Price-To-Earnings Ratio (14.4x) compared to the US Machinery industry average (22.6x)


Price to Earnings Ratio vs Fair Ratio

What is PCAR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PCAR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.4x
Fair PE Ratio17.8x

Price-To-Earnings vs Fair Ratio: PCAR is good value based on its Price-To-Earnings Ratio (14.4x) compared to the estimated Fair Price-To-Earnings Ratio (17.8x).


Share Price vs Fair Value

What is the Fair Price of PCAR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PCAR ($91.37) is trading below our estimate of fair value ($175.05)

Significantly Below Fair Value: PCAR is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is PACCAR forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-2.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PCAR's earnings are forecast to decline over the next 3 years (-2.4% per year).

Earnings vs Market: PCAR's earnings are forecast to decline over the next 3 years (-2.4% per year).

High Growth Earnings: PCAR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: PCAR's revenue is expected to decline over the next 3 years (-0.3% per year).

High Growth Revenue: PCAR's revenue is forecast to decline over the next 3 years (-0.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PCAR's Return on Equity is forecast to be low in 3 years time (15.9%).


Discover growth companies

Past Performance

How has PACCAR performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


0.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PCAR has high quality earnings.

Growing Profit Margin: PCAR's current net profit margins (8.7%) are higher than last year (7.9%).


Past Earnings Growth Analysis

Earnings Trend: PCAR's earnings have grown by 0.3% per year over the past 5 years.

Accelerating Growth: PCAR's earnings growth over the past year (25.6%) exceeds its 5-year average (0.3% per year).

Earnings vs Industry: PCAR earnings growth over the past year (25.6%) exceeded the Machinery industry 9.3%.


Return on Equity

High ROE: PCAR's Return on Equity (17.6%) is considered low.


Discover strong past performing companies

Financial Health

How is PACCAR's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PCAR's short term assets ($22.4B) exceed its short term liabilities ($5.3B).

Long Term Liabilities: PCAR's short term assets ($22.4B) exceed its long term liabilities ($12.8B).


Debt to Equity History and Analysis

Debt Level: PCAR's net debt to equity ratio (47.3%) is considered high.

Reducing Debt: PCAR's debt to equity ratio has reduced from 114.9% to 84.8% over the past 5 years.

Debt Coverage: PCAR's debt is well covered by operating cash flow (22.8%).

Interest Coverage: PCAR earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is PACCAR current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.13%

Current Dividend Yield

Upcoming Dividend Payment

TodayAug 10 2022Ex Dividend DateAug 16 2022Dividend Pay DateSep 07 202222 days from Ex DividendBuy in the next 6 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: PCAR's dividend (3.13%) is higher than the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: PCAR's dividend (3.13%) is low compared to the top 25% of dividend payers in the US market (4.08%).


Stability and Growth of Payments

Stable Dividend: PCAR's dividend payments have been volatile in the past 10 years.

Growing Dividend: PCAR's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (21.5%), PCAR's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (118.7%), PCAR's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

5.5yrs

Average management tenure


CEO

R. Feight (54 yo)

3.08yrs

Tenure

US$11,935,763

Compensation

Mr. R. Preston Feight has been the Chief Executive Officer and Director of PACCAR Inc. since July 1, 2019 and served as its Executive Vice President since September 2018 until July 1, 2019. He has been ins...


CEO Compensation Analysis

Compensation vs Market: R.'s total compensation ($USD11.94M) is about average for companies of similar size in the US market ($USD12.91M).

Compensation vs Earnings: R.'s compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: PCAR's management team is seasoned and experienced (5.5 years average tenure).


Board Members

Experienced Board: PCAR's board of directors are seasoned and experienced ( 10.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

PACCAR Inc's employee growth, exchange listings and data sources


Key Information

  • Name: PACCAR Inc
  • Ticker: PCAR
  • Exchange: NasdaqGS
  • Founded: 1905
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Implied Market Cap: US$31.771b
  • Shares outstanding: 347.72m
  • Website: https://www.paccar.com

Number of Employees


Location

  • PACCAR Inc
  • 777 - 106th Avenue N.E.
  • Bellevue
  • Washington
  • 98004
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/09 00:00
End of Day Share Price2022/08/09 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.