PII Stock Overview
Polaris Inc. designs, engineers, manufactures, and markets power sports vehicles worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$106.92|
|52 Week High||US$139.79|
|52 Week Low||US$94.24|
|1 Month Change||-0.31%|
|3 Month Change||-4.66%|
|1 Year Change||-20.46%|
|3 Year Change||18.56%|
|5 Year Change||14.04%|
|Change since IPO||5,218.30%|
Recent News & Updates
Pros And Cons Of Buying Polaris For Its Dividend
Polaris is one of the best performers in the past few decades, returning 18% per year since 1987. This has changed. Over the past 10 years, the stock has underperformed with a dividend yield somewhere between low yield and high yield. While the valuation is very low given high free cash flow and steady EBITDA, the company continues to suffer from supply chain issues and fears of significant consumer weakness.
We Think Polaris (NYSE:PII) Might Have The DNA Of A Multi-Bagger
There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...
|PII||US Leisure||US Market|
Return vs Industry: PII exceeded the US Leisure industry which returned -49.9% over the past year.
Return vs Market: PII underperformed the US Market which returned -18.4% over the past year.
|PII Average Weekly Movement||7.8%|
|Leisure Industry Average Movement||7.6%|
|Market Average Movement||8.1%|
|10% most volatile stocks in US Market||16.7%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: PII is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: PII's weekly volatility (8%) has been stable over the past year.
About the Company
Polaris Inc. designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates through six segments: ORV, Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; snowmobiles and snow bikes conversion kit systems; motorcycles; and low emission, light duty hauling, passenger, and industrial vehicles.
Polaris Fundamentals Summary
|PII fundamental statistics|
Is PII overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PII income statement (TTM)|
|Cost of Revenue||US$6.35b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||7.22|
|Net Profit Margin||5.21%|
How did PII perform over the long term?See historical performance and comparison
2.4%Current Dividend Yield
Is PII undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
Key Valuation Metric
Which metric is best to use when looking at relative valuation for PII?
Other financial metrics that can be useful for relative valuation.
|What is PII's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does PII's PE Ratio compare to its peers?
|PII PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
YETI YETI Holdings
Price-To-Earnings vs Peers: PII is good value based on its Price-To-Earnings Ratio (14.8x) compared to the peer average (17.1x).
Price to Earnings Ratio vs Industry
How does PII's PE Ratio compare vs other companies in the US Leisure Industry?
Price-To-Earnings vs Industry: PII is expensive based on its Price-To-Earnings Ratio (14.8x) compared to the US Leisure industry average (10.3x)
Price to Earnings Ratio vs Fair Ratio
What is PII'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.
|Current PE Ratio||14.8x|
|Fair PE Ratio||15.5x|
Price-To-Earnings vs Fair Ratio: PII is good value based on its Price-To-Earnings Ratio (14.8x) compared to the estimated Fair Price-To-Earnings Ratio (15.5x).
Share Price vs Fair Value
What is the Fair Price of PII when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: PII ($106.92) is trading below our estimate of fair value ($372.26)
Significantly Below Fair Value: PII is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: PII is good value based on its PEG Ratio (1x)
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How is Polaris forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PII's forecast earnings growth (15.3% per year) is above the savings rate (1.9%).
Earnings vs Market: PII's earnings (15.3% per year) are forecast to grow faster than the US market (13.9% per year).
High Growth Earnings: PII's earnings are forecast to grow, but not significantly.
Revenue vs Market: PII's revenue (4.2% per year) is forecast to grow slower than the US market (8.4% per year).
High Growth Revenue: PII's revenue (4.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PII's Return on Equity is forecast to be high in 3 years time (38.5%)
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How has Polaris performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PII has a high level of non-cash earnings.
Growing Profit Margin: PII's current net profit margins (5.2%) are higher than last year (3.5%).
Past Earnings Growth Analysis
Earnings Trend: PII's earnings have grown by 17.4% per year over the past 5 years.
Accelerating Growth: PII's earnings growth over the past year (62.6%) exceeds its 5-year average (17.4% per year).
Earnings vs Industry: PII earnings growth over the past year (62.6%) exceeded the Leisure industry 27%.
Return on Equity
High ROE: Whilst PII's Return on Equity (38.37%) is high, this metric is skewed due to their high level of debt.
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How is Polaris's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: PII's short term assets ($2.7B) exceed its short term liabilities ($2.3B).
Long Term Liabilities: PII's short term assets ($2.7B) exceed its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: PII's net debt to equity ratio (139%) is considered high.
Reducing Debt: PII's debt to equity ratio has increased from 138.4% to 172.8% over the past 5 years.
Debt Coverage: PII's debt is not well covered by operating cash flow (9.7%).
Interest Coverage: PII's interest payments on its debt are well covered by EBIT (13.9x coverage).
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What is Polaris's current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PII's dividend (2.39%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: PII's dividend (2.39%) is low compared to the top 25% of dividend payers in the US market (4.23%).
Stability and Growth of Payments
Stable Dividend: PII's dividends per share have been stable in the past 10 years.
Growing Dividend: PII's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (35.8%), PII's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: PII is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike Speetzen (51 yo)
Mr. Michael T. Speetzen, also known as Mike, serves as the Chief Executive Officer of Polaris Inc. since April 30, 2021 and its Director since May 2021. He had been an Interim Chief Executive Officer at Po...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD9.76M) is about average for companies of similar size in the US market ($USD8.23M).
Compensation vs Earnings: Mike's compensation has increased by more than 20% in the past year.
Experienced Management: PII's management team is seasoned and experienced (5.3 years average tenure).
Experienced Board: PII's board of directors are considered experienced (6.4 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Polaris Inc.'s employee growth, exchange listings and data sources
- Name: Polaris Inc.
- Ticker: PII
- Exchange: NYSE
- Founded: 1954
- Industry: Leisure Products
- Sector: Consumer Durables
- Implied Market Cap: US$6.361b
- Shares outstanding: 59.50m
- Website: https://www.polaris.com
Number of Employees
- Polaris Inc.
- 2100 Highway 55
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/27 00:00|
|End of Day Share Price||2022/06/27 00:00|
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.