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PACCAR Inc PCAR

Morningstar Rating
$109.20 +0.50 (0.46%)
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Company Report

Paccar Earnings: Fourth-Quarter Sales and Profits Close at Strong Levels; We See Moderation in 2024

Paccar increased sales by 11% year on year (excluding financial services) to nearly $8.6 billion in the fourth quarter. Truck sales were up over 11%, while parts sales grew over 9%. Segment operating margins were relatively close to what the company reported last quarter. Operating margins for the truck segment came in at 14.3% and 26.9% for the parts business.

Price vs Fair Value

PCAR is trading at a 29% premium.
Price
$108.67
Fair Value
$75.00
Uncertainty
Medium
1-Star Price
$873.80
5-Star Price
$91.60
Economic Moat
Yblxz
Capital Allocation
Kyrpmkdcxg

Bulls Say, Bears Say

Bulls

Strong freight demand and profitability allows fleet owners to replace aging trucks, pushing new truck orders and revenue for Paccar higher.

Bears

Fleet owners pause new truck purchases in the face of weakening freight demand, pressuring Paccar’s sales.

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News

Trading Information

Previous Close Price
$108.70
Day Range
$109.02109.20
52-Week Range
$67.51109.10
Bid/Ask
$109.12 / $109.42
Market Cap
$56.88 Bil
Volume/Avg
1,165 / 2.2 Mil

Key Statistics

Price/Earnings (Normalized)
12.29
Price/Sales
1.59
Dividend Yield (Trailing)
0.98%
Dividend Yield (Forward)
0.99%
Total Yield
0.98%

Company Profile

Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium brands Kenworth and Peterbilt, which are primarily sold in the NAFTA region and Australia, and DAF trucks, which are sold in Europe and South America. The company's trucks are sold through over 2,300 independent dealers globally. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe.
Sector
Industrials
Industry
Farm & Heavy Construction Machinery
Stock Style Box
Large Core
Total Number of Employees
31,100

Competitors

Valuation

Metric
PCAR
CMI
STLAM
Price/Earnings (Normalized)
12.2913.363.36
Price/Book Value
3.524.170.92
Price/Sales
1.591.090.37
Price/Cash Flow
9.5524.012.54
Price/Earnings
PCAR
CMI
STLAM

Financial Strength

Metric
PCAR
CMI
STLAM
Quick Ratio
2.250.650.97
Current Ratio
2.501.181.29
Interest Coverage
11.994.7016.02
Quick Ratio
PCAR
CMI
STLAM

Profitability

Metric
PCAR
CMI
STLAM
Return on Assets (Normalized)
11.82%2.59%10.86%
Return on Equity (Normalized)
28.89%8.41%28.79%
Return on Invested Capital (Normalized)
17.29%4.90%19.95%
Return on Assets
PCAR
CMI
STLAM
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