PACCAR Inc

LTS : 0KET
USA·Industrials·Farm & Heavy Construction Machinery
$111.10
−1.30 (−1.06%)Oct 15 close
Market Cap
$58.43B
Enterprise Value
$64.55B
P/E (TTM)
24.51
P/B
3.01
Net Cash / (Debt)
−$6.12B
52-Week Range
$95 — $137
5-Year Range
$52 — $137
Avg Volume (3M)
699
ListingsLTSFRANAS

Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium nameplates Kenworth and Peterbilt, which are primarily sold in the Americas and Australia, and DAF, which primarily services Europe and South America. The trucks segment (74% sales) goes to market through a network of 2,200 independent dealers. Paccar maintains an internal finance subsidiary that provides retail and wholesale financing for customers and dealers (6% sales). In recent years, Paccar has aggressively expanded its parts business (20% of sales), including engines, axles, and transmissions for its own truck brands as well as independent producers. The company commands 30% of the Class 8 market share in North America and 15% of the heavy-duty market share in Europe.

Employees25,900SIC3537HQ777 - 106th Avenue NE, Bellevue, WA, USA, 98004
to

Financials

Profitability

Metric
Current
Margins
Gross Margin
16.7%
Operating Margin
10.4%
EBITDA Margin
13.3%
Net Margin
8.4%
OCF Margin
—
FCF Margin
10.7%
Returns on Capital
ROE
12.8%
ROA
5.4%
ROIC
8.1%
ROCE
9.2%
ROC (Greenblatt)
12.0%
3Y ROIIC
−7.0%
Consistency
Years Profitable / 10Y
10

Valuation

Metric
Current
Earnings Multiples
P/E (TTM)
24.51
Forward P/E
19.43
P/E ex-NRI
22.06
Shiller P/E (CAPE)
21.13
Cash Flow Multiples
P/FCF
19.22
P/OCF
13.18
P/Owner Earnings
21.74
FCF Yield
5.21%
Enterprise Value Multiples
EV / EBIT
21.79
EV / Forward EBIT
19.11
EV / EBITDA
17.03
EV / Forward EBITDA
16.05
EV / Revenue
2.27
EV / Forward Revenue
2.21
Asset / Sales
P/S
2.05
P/B
3.01
P/Tangible Book
3.01
Growth-Adjusted
PEG
1.87

Capital Returns

Metric
Current
Dividends
Dividend Yield (TTM)
1.19%
Forward Dividend Yield
1.19%
3Y Dividend Growth
12.5%
Payout Ratio
0.26
5Y Yield on Cost
1.68%
Buybacks & Dilution
3Y Buyback Ratio
−0.20%
5Y Share Change
1.2%
Combined
Shareholder Yield
−0.13%

Balance Sheet

Metric
Current
Leverage
Debt / Equity
0.81
Gross Debt / EBITDA
4.13
Cash / Debt
0.61
Equity / Assets
0.43
Coverage
Interest Coverage
9.09
Short-Term Liquidity
Current Ratio
3.08
Quick Ratio
2.88
Cash Ratio
0.85
Composite Scores
Piotroski F-Score
5
Altman Z-Score
3.62

5-Step DuPont Analysis

ROE %
12.92%
Net Margin %
8.35%
Operating Margin %
10.41%
Operating Income
$2.96B
÷
Revenue
$28.45B
×
Tax Burden
0.7857
Net Income
$2.38B
÷
Pretax Income
$3.02B
×
Interest Burden
1.0209
Pretax Income
$3.02B
÷
Operating Income
$2.96B
×
Asset Turnover
0.65
Revenue
$28.45B
÷
Average Total Assets
$43.88B
Begin Total Assets
$43.42B
End Total Assets
$44.34B
×
Equity Multiplier
2.39
Avg Total Assets
$43.88B
÷
Avg Stockholders Equity
$18.39B
Begin Equity
$17.51B
End Equity
$19.26B