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PACCAR Inc PCAR

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Stock XNAS Rating as of
$95.55 +0.02 (0.02%)
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As of Cboe BZX Real-Time Price Open
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Company Report

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Paccar Set to Finish 2023 on a Strong Note but We Expect Sales and Margins to Moderate in 2024

Dawit Woldemariam

We believe Paccar will continue to be a top-two truck manufacturer, even with the eventual shift to autonomous and electric vehicles. The company has long been known for its premium truck brands, Kenworth, Peterbilt, and DAF. Paccar’s trucks are some of the strongest performing, most durable, and fuel-efficient on the market. These factors have led to the company’s strong brand reputation among fleet owners and truck drivers.

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Price vs Fair Value

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PCAR is trading at a 19% premium.
Price
$95.52
Fair Value
$47.00
Uncertainty
Medium
1-Star Price
$769.00
5-Star Price
$27.00
Economic Moat
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Capital Allocation
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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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Trading Information

Previous Close Price
$95.53
Day Range
$94.94–96.11
52-Week Range
$64.33–96.11
Bid/Ask
$95.54 / $95.56
Market Cap
$49.99 Bil
Volume/Avg
812,323 / 2.2 Mil

Key Statistics

Price/Earnings (Normalized)
11.00
Price/Sales
1.47
Dividend Yield
1.09%
Dividend Yield (Forward)
1.13%
Total Yield
1.10%

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
Website
https://www.paccar.com

Competitors

Valuation

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Metric
PCAR
CMI
STLAM
Price/Earnings (Normalized)
 11.0011.723.11
Price/Book Value
 3.123.070.85
Price/Sales
 1.470.990.35
Price/Cash Flow
 10.318.352.35
Price/Earnings
PCAR
CMI
STLAM

Financial Strength

Metric
PCAR
CMI
STLAM
Quick Ratio
 2.280.760.97
Current Ratio
 2.571.431.29
Interest Coverage
 11.0010.5916.02
Quick Ratio
PCAR
CMI
STLAM

Profitability

Metric
PCAR
CMI
STLAM
Return on Assets (Normalized)
 11.82%9.22%10.86%
Return on Equity (Normalized)
 28.89%29.85%28.79%
Return on Invested Capital (Normalized)
 17.29%16.23%19.95%
Return on Assets
PCAR
CMI
STLAM

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