Now trading at a price of $97.1, PACCAR Inc has moved -11.0% so far today.
PACCAR Inc returned gains of 14.8% last year, with its stock price reaching a high of $125.5 and a low of $80.94. Over the same period, the stock underperformed the S&P 500 index by -6.9%. The company's 50-day average price was $105.91. PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally. Based in Bellevue, WA, the Large-Cap Consumer Discretionary company has 32,400 full time employees. PACCAR Inc has offered a 1.0% dividend yield over the last 12 months.
Growing Revenues and a Positive EPS Growth Rate:
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $23,496 | $25,600 | $18,728 | $23,522 | $28,820 | $35,127 |
| Operating Margins | 12% | 12% | 9% | 10% | 13% | 16% |
| Net Margins | 9% | 9% | 7% | 8% | 10% | 13% |
| Net Income (M) | $2,195 | $2,388 | $1,301 | $1,866 | $3,012 | $4,601 |
| Diluted Shares (M) | 352 | 348 | 521 | 523 | 523 | 525 |
| Earnings Per Share | $6.24 | $6.87 | $2.5 | $3.57 | $5.75 | $8.76 |
| EPS Growth | n/a | 10.1% | -63.61% | 42.8% | 61.06% | 52.35% |
| Avg. Price | $35.88 | $40.6 | $47.4 | $54.99 | $55.89 | $97.1 |
| P/E Ratio | 5.74 | 5.9 | 18.96 | 15.36 | 9.7 | 11.06 |
| Free Cash Flow (M) | $2,535 | $2,286 | $2,437 | $1,628 | $2,502 | $3,495 |
| CAPEX (M) | $458 | $574 | $550 | $559 | $525 | $695 |
PACCAR Inc has growing revenues and increasing reinvestment in the business and strong operating margins with a positive growth rate. Additionally, the company's financial statements display generally positive cash flows and positive EPS growth.
a Very Low P/E Ratio but Trading Above Its Fair Price:
PACCAR Inc has a trailing twelve month P/E ratio of 11.2, compared to an average of 22.15 for the Consumer Discretionary sector. Based on its EPS guidance of $8.59, the company has a forward P/E ratio of 12.3. The 4.7% compound average growth rate of PACCAR Inc's historical and projected earnings per share yields a PEG ratio of 2.4. This suggests that these shares are overvalued. In contrast, the market is likely undervaluing PACCAR Inc in terms of its equity because its P/B ratio is 2.88 while the sector average is 3.11. The company's shares are currently trading 25.8% below their Graham number.
PACCAR Inc Has an Analyst Consensus of Some Upside Potential:
The 15 analysts following PACCAR Inc have set target prices ranging from $99.0 to $147.0 per share, for an average of $118.61 with a hold rating. The company is trading -18.1% away from its average target price, indicating that there is an analyst consensus of some upside potential.
PACCAR Inc has an average amount of shares sold short because 2.8% of the company's shares are sold short. Institutions own 69.1% of the company's shares, and the insider ownership rate stands at 1.86%, suggesting a large amount of insider shareholders. The largest shareholder is Vanguard Group Inc, whose 12% stake in the company is worth $5,989,162,182.
