Buy Or Sell Opportunity • Aug 06
Now 20% undervalued Over the last 90 days, the stock has risen 18% to €115. The fair value is estimated to be €144, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.9% over the last 3 years. Earnings per share has declined by 22%. For the next 3 years, revenue is forecast to grow by 6.6% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Upcoming Dividend • Aug 05
Upcoming dividend of US$0.35 per share Eligible shareholders must have bought the stock before 12 August 2026. Payment date: 02 September 2026. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.7%). Reported Earnings • Jul 28
Second quarter 2026 earnings released: EPS: US$1.43 (vs US$1.38 in 2Q 2025) Second quarter 2026 results: EPS: US$1.43 (up from US$1.38 in 2Q 2025). Revenue: US$7.55b (flat on 2Q 2025). Net income: US$752.0m (up 3.9% from 2Q 2025). Profit margin: 10.0% (in line with 2Q 2025). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Declared Dividend • Jul 17
Dividend of US$0.35 announced Shareholders will receive a dividend of US$0.35. Ex-date: 12th August 2026 Payment date: 2nd September 2026 Dividend yield will be 2.2%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 5.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 56% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Jul 15
PACCAR Declares Regular Quarterly Cash Dividend, Payable on September 2, 2026 PACCAR Inc’s Board of Directors declared a regular quarterly cash dividend of thirty-five cents ($0.35) per share, payable on September 2, 2026, to stockholders of record at the close of business on August 12, 2026. Duyuru • Jun 30
PACCAR Inc to Report Q2, 2026 Results on Jul 28, 2026 PACCAR Inc announced that they will report Q2, 2026 results on Jul 28, 2026 Duyuru • Apr 29
PACCAR Inc Increases Regular Quarterly Cash Dividend, Payable on June 3, 2026 PACCAR Inc’s Board of Directors approved an increase in the regular quarterly cash dividend from thirty-three cents ($0.33) per share to thirty-five cents ($0.35) per share. The dividend will be payable on June 3, 2026, to stockholders of record at the close of business on May 13, 2026. Duyuru • Mar 19
PACCAR Inc, Annual General Meeting, Apr 28, 2026 PACCAR Inc, Annual General Meeting, Apr 28, 2026. Location: paccar parts distribution center, located at 405 houser way north, washington, renton United States Duyuru • Jan 19
Paccar Inc Announces Retirement of C. Michael Dozier as Executive Vice President, Effective from April 1, 2026 PACCAR Inc. announced that C. Michael Dozier, Executive Vice President, will retire effective April 1, 2026, after 37 years of service. Duyuru • Dec 14
PACCAR Inc. Announces Executive Leadership Changes Kevin D. Baney, 55, will be promoted to President of PACCAR Inc., effective January 1, 2026. Mr. Baney has served as the Company’s Executive Vice President since January 2025. He has worked at the Company for 31 years and has held positions of increasing responsibility throughout PACCAR, including as Senior Vice President and as Vice President and General Manager of Kenworth Truck Company. He is a Professional Engineer and a graduate of LeTourneau University (B.S. – Mechanical Engineering) and the University of North Texas (M.B.A). Mr. Baney will maintain responsibilities over DAF Trucks, PACCAR Financial Services and Investor Relations and will assume responsibilities for PACCAR Parts. John N. Rich will be promoted to Executive Vice President and Chief Technology Officer effective January 1, 2026. Mr. Rich has served as the Company’s Senior Vice President and Chief Technology Officer since January 2024 and as Vice President and Chief Technology Officer from 2021 through 2023. Previously, he worked for 30 years at Ford Motor Company in positions of increasing responsibility, including Director of Autonomous Vehicles and Technology and Executive Director of Global Strategy. He is a graduate of Boston University (B.S. – Manufacturing Engineering), the University of Michigan (M.S. – Manufacturing Systems Engineering) and Harvard University (M.B.A). Mr. Rich will have responsibilities for PACCAR’s global technology initiatives and Peterbilt Motors Company. Laura J. Bloch, Senior Vice President, will maintain responsibilities over Kenworth Truck Company, Corporate Quality and Purchasing and will assume responsibilities for Dynacraft. Duyuru • Sep 09
PACCAR Inc Declares Regular Quarterly Cash Dividend, Payable on December 3, 2025 PACCAR Inc’s Board of Directors declared a regular quarterly cash dividend of thirty-three cents ($0.33) per share, payable on December 3, 2025, to stockholders of record at the close of business on November 12, 2025. Duyuru • Jul 09
PACCAR Inc Declares Regular Quarterly Cash Dividend, Payable on September 4, 2025 PACCAR Inc’s Board of Directors declared a regular quarterly cash dividend of thirty-three cents ($.33) per share, payable on September 4, 2025, to stockholders of record at the close of business on August 14, 2025. Duyuru • Apr 30
PACCAR Inc Declares Regular Quarterly Dividend, Payable on June 4, 2025 PACCAR Inc’s Board of Directors declared a regular quarterly cash dividend of $0.33 per share, payable on June 4, 2025, to stockholders of record at the close of business on May 14, 2025. Duyuru • Mar 21
PACCAR Inc, Annual General Meeting, Apr 29, 2025 PACCAR Inc, Annual General Meeting, Apr 29, 2025. Location: 405 houser way north, washington 98057, renton United States Buy Or Sell Opportunity • Nov 16
Now 20% undervalued Over the last 90 days, the stock has risen 23% to €106. The fair value is estimated to be €133, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 2.4% per annum. Earnings are forecast to decline by 0.3% per annum over the same time period. New Risk • Nov 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • Nov 06
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 13 November 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 13% and the cash payout ratio is 83%. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.5%). Duyuru • Nov 05
Black Phoenix Group LLC (BPG) acquired Paccar Winch Inc from PACCAR Inc (NasdaqGS:PCAR). Black Phoenix Group LLC (BPG) acquired Paccar Winch Inc from PACCAR Inc (NasdaqGS:PCAR) on October 31, 2024. PACCAR Winch will continue to operate under its current management team. This acquisition marks a significant milestone for BPG as it continues expanding its industrial portfolio.
Black Phoenix Group LLC (BPG) completed the acquisition of Paccar Winch Inc from PACCAR Inc (NasdaqGS:PCAR) on October 31, 2024. Reported Earnings • Oct 22
Third quarter 2024 earnings released: EPS: US$1.85 (vs US$2.34 in 3Q 2023) Third quarter 2024 results: EPS: US$1.85 (down from US$2.34 in 3Q 2023). Revenue: US$8.24b (down 5.2% from 3Q 2023). Net income: US$972.1m (down 21% from 3Q 2023). Profit margin: 12% (down from 14% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Oct 22
Now 24% undervalued Over the last 90 days, the stock has risen 5.5% to €95.29. The fair value is estimated to be €126, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 2.2% per annum. Earnings are forecast to decline by 1.1% per annum over the same time period. Declared Dividend • Sep 13
Dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 13th November 2024 Payment date: 4th December 2024 Dividend yield will be 4.7%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (12% earnings payout ratio) and cash flows (80% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 5.8% over the next 3 years. However, it would need to fall by 87% to increase the payout ratio to a potentially unsustainable range. Upcoming Dividend • Aug 08
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 15 August 2024. Payment date: 05 September 2024. Payout ratio is a comfortable 12% and the cash payout ratio is 78%. Trailing yield: 4.8%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.7%). New Risk • Jul 24
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 47% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. Minor Risks High level of debt (47% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jul 24
Second quarter 2024 earnings released: EPS: US$2.14 (vs US$2.33 in 2Q 2023) Second quarter 2024 results: EPS: US$2.14 (down from US$2.33 in 2Q 2023). Revenue: US$8.77b (down 1.2% from 2Q 2023). Net income: US$1.12b (down 8.1% from 2Q 2023). Profit margin: 13% (in line with 2Q 2023). Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.0% to €99.04. The fair value is estimated to be €126, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 41%. For the next 3 years, revenue is forecast to grow by 1.6% per annum. Earnings are forecast to decline by 2.8% per annum over the same time period. Declared Dividend • Jul 15
Dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 15th August 2024 Payment date: 5th September 2024 Dividend yield will be 4.3%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (11% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 6.8% over the next 3 years. However, it would need to fall by 88% to increase the payout ratio to a potentially unsustainable range. Duyuru • Jul 09
PACCAR Declares Regular Quarterly Cash Dividend, Payable on September 5, 2024 PACCAR Inc’s Board of Directors declared a regular quarterly cash dividend of thirty cents ($0.30) per share, payable on September 5, 2024, to stockholders of record at the close of business on August 15, 2024. Buy Or Sell Opportunity • Jul 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to €95.87. The fair value is estimated to be €122, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 41%. For the next 3 years, revenue is forecast to grow by 0.4% per annum. Earnings are forecast to decline by 2.7% per annum over the same time period. Buy Or Sell Opportunity • Jun 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to €99.33. The fair value is estimated to be €124, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 41%. For the next 3 years, revenue is forecast to grow by 0.3% per annum. Earnings are forecast to decline by 2.5% per annum over the same time period. Declared Dividend • May 06
Dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 14th May 2024 Payment date: 5th June 2024 Dividend yield will be 4.1%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (11% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 7.6% over the next 3 years. However, it would need to fall by 88% to increase the payout ratio to a potentially unsustainable range. Buy Or Sell Opportunity • May 05
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at €97.14. The fair value is estimated to be €123, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 41%. For the next 3 years, revenue is forecast to grow by 0.7% per annum. Earnings are forecast to decline by 3.3% per annum over the same time period. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: US$2.28 (vs US$1.40 in 1Q 2023) First quarter 2024 results: EPS: US$2.28 (up from US$1.40 in 1Q 2023). Revenue: US$8.74b (up 3.2% from 1Q 2023). Net income: US$1.20b (up 63% from 1Q 2023). Profit margin: 14% (up from 8.7% in 1Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Duyuru • Mar 21
PACCAR Inc, Annual General Meeting, Apr 30, 2024 PACCAR Inc, Annual General Meeting, Apr 30, 2024, at 10:30 Pacific Standard Time. Location: PACCAR Parts Distribution Center, Renton, Washington Renton Washington United States Agenda: To elect as directors the twelve nominees named in the attached proxy statement to serve an one-year term ending in 2025; to approve the Third Amended and Restated Restricted Stock and Deferred Compensation Plan for Non-Employee Directors; to vote on an advisory resolution to approve executive compensation; to vote on an advisory basis on the ratification of the Company’s independent auditors; to vote on an advisory basis on the frequency (one, two or three years) of the stockholder advisory vote on executive compensation; to vote on a stockholder proposal regarding a report on climate-related policy engagement if properly presented at the meeting; and to transact such other business as may properly come before the meeting. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: US$8.78 (vs US$5.76 in FY 2022) Full year 2023 results: EPS: US$8.78 (up from US$5.76 in FY 2022). Revenue: US$35.1b (up 22% from FY 2022). Net income: US$4.60b (up 53% from FY 2022). Profit margin: 13% (up from 10% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 07
Upcoming dividend of US$0.27 per share at 4.1% yield Eligible shareholders must have bought the stock before 14 February 2024. Payment date: 06 March 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (5.2%). Higher than average of industry peers (2.8%). Reported Earnings • Jan 24
Full year 2023 earnings released: EPS: US$8.78 (vs US$5.76 in FY 2022) Full year 2023 results: EPS: US$8.78 (up from US$5.76 in FY 2022). Revenue: US$35.1b (up 22% from FY 2022). Net income: US$4.60b (up 53% from FY 2022). Profit margin: 13% (up from 10% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 09
PACCAR Highlights Heavy-Duty Innovation at CES 2024 with the Truck Industry's Most Advanced Technologies PACCAR will exhibit its next generation of commercial vehicles that feature advanced, customer-focused technologies at the annual Consumer Electronics Show in Las Vegas. CES 2024 runs from January 9-12, with PACCAR’s exhibit located in booth #3501, West Hall of the Las Vegas Convention Center. PACCAR will display several advanced products and technologies at CES 2024 including: Kenworth’s T680 Hydrogen Fuel Cell Electric Vehicle (FCEV) Peterbilt’s SuperTruck II, DAF’s XD Battery Electric Vehicle, PACCAR Parts’ Electric Vehicle Charging Solutions, PACCAR is leveraging next-generation hydrogen fuel cell technology developed in partnership with Toyota Motor North America Inc. The companies have expanded their partnership to develop and commercialize the technology in Kenworth T680 and Peterbilt Model 579 Class 8 trucks. The powertrain was recently awarded the Zero Emission Powertrain certification by the California Air Resources Board. The Kenworth T680 FCEV on display at CES, and the hydrogen fuel cell powered Peterbilt Model 579, offer uncompromised zero emissions heavy-duty operations with up to a 450-mile range, an 82,000 lbs. max gross combination weight rating, and refueling times that are consistent with traditional diesel trucks. To date, PACCAR has received more than 150 paid deposits for Kenworth and Peterbilt FCEVs with customer deliveries commencing in 2025. The Peterbilt SuperTruck II is a testbed for future product technologies. It was developed as part of a U.S. Department of Energy program to improve the efficiency of goods transportation. The SuperTruck II features an advanced clean diesel engine that uses waste heat recovery to achieve a 55% Break Thermal Efficiency improvement, an efficient 48-volt mild hybrid powertrain, electrified engine accessories and enhanced aerodynamics. The DAF XD Battery Electric truck is designed for urban and suburban transport, delivering up to 310 miles on a single charge. With 325 kW fast charging, the truck can charge from 0-80% in just over 45 minutes or 0-100% in less than two hours. The DAF XD Battery Electric truck can achieve a daily range of more than 600 miles with the largest available battery pack and strategic charging. PACCAR Parts will showcase DC fast chargers available for Kenworth, Peterbilt and DAF electric vehicles. PACCAR Parts’ electric vehicle charger portfolio strategically covers PACCAR’s full range of electric vehicles. PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. PACCAR also designs and manufactures advanced powertrains, provides financial services and information technology, and distributes truck parts related to its principal business. Duyuru • Dec 06
Paccar Inc Declares Regular Quarterly Cash Dividend, Payable on March 6, 2024 PACCAR Inc’s Board of Directors declared a regular quarterly cash dividend of twenty-seven cents ($0.27) per share, payable on March 6, 2024, to stockholders of record at the close of business on February 15, 2024. Upcoming Dividend • Nov 07
Upcoming dividend of US$0.27 per share at 3.4% yield Eligible shareholders must have bought the stock before 14 November 2023. Payment date: 06 December 2023. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (5.0%). Higher than average of industry peers (3.0%). Duyuru • Nov 01
Procede Software Adds Key Functionality to Comprehensive Set of PACCAR Integrations with Three New Releases Procede Software announced the release of three new integrations between its Excede software platform and PACCAR's proprietary systems. Together with Procede's existing PACCAR-specific integrations, they build on an already comprehensive integration set designed to streamline operations for dealerships across North America. The addition of these new integrations reflects Procede's ongoing commitment to building healthy relationships with OEMs across the industry for the benefit of its dealership network. Procede's comprehensive set of integrations between Excede and PACCAR's proprietary systems supports critical processes and operations for key departments across the dealership. From parts and service to accounting and sales, the integrations enable cross-platform analytics that drive deeper business insights to facilitate improved eCommerce and streamlined parts and service processes. PACCAR dealerships rely on integration between Excede and PACCAR's systems to streamline critical business operations. Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: US$2.34 (vs US$1.47 in 3Q 2022) Third quarter 2023 results: EPS: US$2.34 (up from US$1.47 in 3Q 2022). Revenue: US$8.70b (up 23% from 3Q 2022). Net income: US$1.23b (up 60% from 3Q 2022). Profit margin: 14% (up from 11% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Machinery industry in Germany are expected to grow by 3.5%. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. New Risk • Oct 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. Minor Risks High level of debt (40% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buying Opportunity • Oct 13
Now 20% undervalued Over the last 90 days, the stock is up 4.6%. The fair value is estimated to be €99.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to decline by 0.4% per annum. Earnings is forecast to grow by 0.8% per annum over the same time period. Duyuru • Sep 13
PACCAR Inc. Declares Regular Quarterly Cash Dividend, Payable on December 6, 2023 PACCAR Inc.’s Board of Directors declared a regular quarterly cash dividend of twenty-seven cents ($0.27) per share, payable on December 6, 2023, to stockholders of record at the close of business on November 15, 2023. Buying Opportunity • Aug 29
Now 20% undervalued Over the last 90 days, the stock is up 18%. The fair value is estimated to be €95.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to decline by 0.5% per annum. Earnings is forecast to grow by 0.5% per annum over the same time period. Upcoming Dividend • Aug 09
Upcoming dividend of US$0.27 per share at 3.4% yield Eligible shareholders must have bought the stock before 16 August 2023. Payment date: 07 September 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.7%). Duyuru • Jul 26
Paccar Inc. Declares Quarterly Dividend, Payable on September 7, 2023 PACCAR’s Board of Directors this month approved an increase of 8% in the regular quarterly cash dividend from twenty-five cents ($0.25) per share to twenty-seven cents ($0.27) per share. The dividend will be payable on September 7, 2023, to stockholders of record at the close of business on August 17, 2023. New Risk • Jul 26
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risks High level of debt (51% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jul 26
Second quarter 2023 earnings released: EPS: US$2.33 (vs US$1.38 in 2Q 2022) Second quarter 2023 results: EPS: US$2.33 (up from US$1.38 in 2Q 2022). Revenue: US$8.88b (up 24% from 2Q 2022). Net income: US$1.22b (up 70% from 2Q 2022). Profit margin: 14% (up from 10% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. New Risk • Jun 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.09% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.09% per year for the foreseeable future. Minor Risks High level of debt (44% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • May 09
Upcoming dividend of US$0.25 per share at 3.9% yield Eligible shareholders must have bought the stock before 16 May 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.8%). Recent Insider Transactions • May 03
Insider recently sold €166k worth of stock On the 28th of April, Todd Hubbard sold around 2k shares on-market at roughly €67.82 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €213k more than they bought in the last 12 months. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: US$1.40 (vs US$1.15 in 1Q 2022) First quarter 2023 results: EPS: US$1.40 (up from US$1.15 in 1Q 2022). Revenue: US$8.47b (up 31% from 1Q 2022). Net income: US$733.9m (up 22% from 1Q 2022). Profit margin: 8.7% (down from 9.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 25
Full year 2022 earnings released Full year 2022 results: EPS: US$5.76. Revenue: US$28.8b (up 23% from FY 2021). Net income: US$3.01b (up US$3.01b from FY 2021). Profit margin: 10% (up from 0% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Feb 06
Upcoming dividend of US$0.25 per share at 3.9% yield Eligible shareholders must have bought the stock before 13 February 2023. Payment date: 08 March 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.4%). Reported Earnings • Jan 25
Full year 2022 earnings released: EPS: US$8.64 (vs US$5.33 in FY 2021) Full year 2022 results: EPS: US$8.64 (up from US$5.33 in FY 2021). Revenue: US$28.8b (up 23% from FY 2021). Net income: US$3.01b (up 63% from FY 2021). Profit margin: 10% (up from 7.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 14% per year. Duyuru • Jan 05
PACCAR Inc to Report Q4, 2022 Results on Jan 24, 2023 PACCAR Inc announced that they will report Q4, 2022 results on Jan 24, 2023 Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. Independent Director Ganesh Ramaswamy was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 07
Upcoming dividend of US$0.37 per share Eligible shareholders must have bought the stock before 14 November 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (2.9%). Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: US$2.21 (vs US$1.09 in 3Q 2021) Third quarter 2022 results: EPS: US$2.21 (up from US$1.09 in 3Q 2021). Revenue: US$7.06b (up 37% from 3Q 2021). Net income: US$769.4m (up 104% from 3Q 2021). Profit margin: 11% (up from 7.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 09
Upcoming dividend of US$0.34 per share Eligible shareholders must have bought the stock before 16 August 2022. Payment date: 07 September 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (2.6%). Board Change • Aug 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. Independent Director Ganesh Ramaswamy was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 27
Second quarter 2022 earnings released: EPS: US$2.07 (vs US$1.42 in 2Q 2021) Second quarter 2022 results: EPS: US$2.07 (up from US$1.42 in 2Q 2021). Revenue: US$7.16b (up 23% from 2Q 2021). Net income: US$720.4m (up 46% from 2Q 2021). Profit margin: 10% (up from 8.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.3%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Upcoming Dividend • May 03
Upcoming dividend of US$0.34 per share Eligible shareholders must have bought the stock before 10 May 2022. Payment date: 01 June 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.1%). Higher than average of industry peers (2.5%). Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: US$1.72 (vs US$1.35 in 1Q 2021) First quarter 2022 results: EPS: US$1.72 (up from US$1.35 in 1Q 2021). Revenue: US$6.47b (up 11% from 1Q 2021). Net income: US$600.5m (up 28% from 1Q 2021). Profit margin: 9.3% (up from 8.0% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 8.6%, compared to a 9.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Feb 26
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$5.33 (up from US$3.74 in FY 2020). Revenue: US$23.5b (up 26% from FY 2020). Net income: US$1.85b (up 43% from FY 2020). Profit margin: 7.9% (up from 6.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.9%. Over the next year, revenue is forecast to grow 7.2%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Upcoming Dividend • Jan 31
Upcoming dividend of US$0.34 per share Eligible shareholders must have bought the stock before 07 February 2022. Payment date: 01 March 2022. Payout ratio is a comfortable 25% but the company is paying out more than the cash it is generating. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (3.4%). Higher than average of industry peers (1.2%). Recent Insider Transactions • Jan 31
Independent Director recently sold €2.4m worth of stock On the 28th of January, Alison Carnwath sold around 29k shares on-market at roughly €82.54 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.6m more than they bought in the last 12 months. Reported Earnings • Jan 26
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$5.33 (up from US$3.74 in FY 2020). Revenue: US$23.5b (up 26% from FY 2020). Net income: US$1.85b (up 43% from FY 2020). Profit margin: 7.9% (up from 6.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.9%. Over the next year, revenue is forecast to grow 4.7%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Upcoming Dividend • Nov 08
Upcoming dividend of US$0.34 per share Eligible shareholders must have bought the stock before 15 November 2021. Payment date: 07 December 2021. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.0%). Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS US$1.12 (vs US$1.11 in 3Q 2020) The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved. Third quarter 2021 results: Revenue: US$5.15b (up 4.3% from 3Q 2020). Net income: US$388.9m (flat on 3Q 2020). Profit margin: 7.6% (down from 7.8% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 10
Upcoming dividend of US$0.34 per share Eligible shareholders must have bought the stock before 17 August 2021. Payment date: 08 September 2021. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.0%). Reported Earnings • Jul 28
Second quarter 2021 earnings released: EPS US$1.42 (vs US$0.43 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$5.84b (up 91% from 2Q 2020). Net income: US$492.9m (up 234% from 2Q 2020). Profit margin: 8.4% (up from 4.8% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Executive Departure • May 05
Independent Director has left the company On the 27th of April, Charles Williamson's tenure as Independent Director ended after 14.8 years in the role. As of December 2020, Charles personally held 31.56k shares (€2.2m worth at the time). A total of 2 executives have left over the last 12 months. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS US$1.35 (vs US$1.04 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$5.85b (up 13% from 1Q 2020). Net income: US$470.1m (up 31% from 1Q 2020). Profit margin: 8.0% (up from 7.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 16
New 90-day high: €82.50 The company is up 17% from a price of €70.50 on 16 December 2020. Outperformed the German market which is up 9.0% over the last 90 days. Exceeded the Machinery industry, which is up 6.0% over the same period. Simply Wall St's valuation model estimates the intrinsic value at €77.93 per share. Reported Earnings • Feb 20
Full year 2020 earnings released: EPS US$3.74 (vs US$6.88 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$18.7b (down 27% from FY 2019). Net income: US$1.30b (down 46% from FY 2019). Profit margin: 6.9% (down from 9.3% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 20
Revenue misses expectations Revenue missed analyst estimates by 0.7%. Over the next year, revenue is forecast to grow 20%, compared to a 5.0% growth forecast for the Machinery industry in Germany. Recent Insider Transactions • Feb 05
Insider recently sold €107k worth of stock On the 2nd of February, Todd Hubbard sold around 1k shares on-market at roughly €76.50 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.0m more than they bought in the last 12 months. Analyst Estimate Surprise Post Earnings • Jan 27
Revenue misses expectations Revenue missed analyst estimates by 0.7%. Over the next year, revenue is forecast to grow 22%, compared to a 5.0% growth forecast for the Machinery industry in Germany. Reported Earnings • Jan 27
Full year 2020 earnings released: EPS US$3.74 (vs US$6.88 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$18.7b (down 27% from FY 2019). Net income: US$1.30b (down 46% from FY 2019). Profit margin: 6.9% (down from 9.3% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 22
New 90-day high: €81.00 The company is up 4.0% from its price of €78.00 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €63.96 per share. Is New 90 Day High Low • Jan 06
New 90-day low: €68.50 The company is down 9.0% from its price of €75.50 on 08 October 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €61.06 per share. Analyst Estimate Surprise Post Earnings • Nov 05
Revenue beats expectations Revenue exceeded analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 2.7% while the growth in Machinery industry in Germany is expected to stay flat. Reported Earnings • Nov 05
Third quarter 2020 earnings released: EPS US$1.11 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$4.94b (down 23% from 3Q 2019). Net income: US$385.5m (down 37% from 3Q 2019). Profit margin: 7.8% (down from 9.5% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year. Upcoming Dividend • Nov 02
Upcoming Dividend of US$0.32 Per Share Will be paid on the 1st of December to those who are registered shareholders by the 9th of November. The trailing yield of 4.2% is in the top quartile of German dividend payers (3.9%), and it is higher than industry peers (2.1%). Analyst Estimate Surprise Post Earnings • Oct 21
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 2.1% at US$4.54b. Revenue is forecast to stay flat over the next year, compared to a 1.9% decline forecast for the Machinery industry in Germany. Reported Earnings • Oct 21
Third quarter earnings released Over the last 12 months the company has reported total profits of US$1.42b, down 42% from the prior year. Total revenue was US$19.1b over the last 12 months, down 26% from the prior year. Is New 90 Day High Low • Oct 16
New 90-day high: €77.50 The company is up 12% from its price of €69.50 on 17 July 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €99.43 per share.