Polaris Inc. designs, engineers, manufactures, and markets power sports vehicles worldwide. More Details
Established dividend payer with adequate balance sheet.
Share Price & News
How has Polaris's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PII is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: PII's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: PII underperformed the US Leisure industry which returned 71.1% over the past year.
Return vs Market: PII matched the US Market which returned 39% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Polaris's share price compared to the market and industry in the last 5 years?
Simply Wall St News
19 hours ago | Simply Wall StDid Polaris Inc. (NYSE:PII) Insiders Sell Shares?
2 weeks ago | Simply Wall StCould The Polaris Inc. (NYSE:PII) Ownership Structure Tell Us Something Useful?
4 weeks ago | Simply Wall StRead This Before Considering Polaris Inc. (NYSE:PII) For Its Upcoming US$0.63 Dividend
Is Polaris undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PII ($132.77) is trading below our estimate of fair value ($201.23)
Significantly Below Fair Value: PII is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PII is poor value based on its PE Ratio (31.1x) compared to the US Leisure industry average (19.8x).
PE vs Market: PII is poor value based on its PE Ratio (31.1x) compared to the US market (19.2x).
Price to Earnings Growth Ratio
PEG Ratio: PII is poor value based on its PEG Ratio (2.8x)
Price to Book Ratio
PB vs Industry: PII is overvalued based on its PB Ratio (7.7x) compared to the US Leisure industry average (4.6x).
How is Polaris forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PII's forecast earnings growth (11.1% per year) is above the savings rate (2%).
Earnings vs Market: PII's earnings (11.1% per year) are forecast to grow slower than the US market (15.7% per year).
High Growth Earnings: PII's earnings are forecast to grow, but not significantly.
Revenue vs Market: PII's revenue (3.8% per year) is forecast to grow slower than the US market (9.4% per year).
High Growth Revenue: PII's revenue (3.8% 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 (35.2%)
How has Polaris performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PII has a large one-off loss of $379.2M impacting its March 31 2021 financial results.
Growing Profit Margin: PII's current net profit margins (3.5%) are lower than last year (4%).
Past Earnings Growth Analysis
Earnings Trend: PII's earnings have declined by 10.5% per year over the past 5 years.
Accelerating Growth: PII's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PII had negative earnings growth (-2.2%) over the past year, making it difficult to compare to the Leisure industry average (95.5%).
Return on Equity
High ROE: Whilst PII's Return on Equity (24.93%) is high, this metric is skewed due to their high level of debt.
How is Polaris's financial position?
Financial Position Analysis
Short Term Liabilities: PII's short term assets ($2.1B) exceed its short term liabilities ($1.9B).
Long Term Liabilities: PII's short term assets ($2.1B) exceed its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: PII's debt to equity ratio (135.1%) is considered high.
Reducing Debt: PII's debt to equity ratio has increased from 54.8% to 135.1% over the past 5 years.
Debt Coverage: PII's debt is well covered by operating cash flow (79.9%).
Interest Coverage: PII's interest payments on its debt are well covered by EBIT (12.4x coverage).
What is Polaris's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PII's dividend (1.9%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: PII's dividend (1.9%) is low compared to the top 25% of dividend payers in the US market (3.44%).
Stability and Growth of Payments
Stable Dividend: PII's dividends per share have been stable in the past 10 years.
Growing Dividend: PII's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (58.3%), PII's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PII's dividends in 3 years are forecast to be well covered by earnings (27.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike Speetzen (50 yo)
Mr. Michael T. Speetzen, also known as Mike, serves as the Chief Executive Officer and Director at Polaris Inc. since May 2021. He had been an Interim Chief Executive Officer at Polaris Inc. since January ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD3.79M) is below average for companies of similar size in the US market ($USD6.67M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Experienced Management: PII's management team is considered experienced (4.6 years average tenure).
Experienced Board: PII's board of directors are considered experienced (5.4 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 company bio, employee growth, exchange listings and data sources
- Name: Polaris Inc.
- Ticker: PII
- Exchange: NYSE
- Founded: 1954
- Industry: Leisure Products
- Sector: Consumer Durables
- Market Cap: US$8.194b
- Shares outstanding: 61.24m
- Website: https://www.polaris.com
Number of Employees
- Polaris Inc.
- 2100 Highway 55
- United States
Polaris Inc. designs, engineers, manufactures, and markets power sports vehicles worldwide. It operates in five segments: ORV/Snowmobiles, Motorcycles, Global Adjacent Markets, Aftermarket, and Boats. The ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/23 04:10|
|End of Day Share Price||2021/06/22 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.