PACCAR Inc Stock Research

Market Summary

USD69.90+0.09

Market Closed

0.13%

PCAR Alerts

Big jump in Earnings (Y/Y)

PCAR Stock Price

PCAR RSI Chart

PCAR Valuation

Market Cap

36.5B

Price/Earnings (Trailing)

12.13

Price/Sales (Trailing)

1.27

EV/EBITDA

8.74

Price/Free Cashflow

14.6

PCAR Price/Sales (Trailing)

PCAR Profitability

EBT Margin

13.35%

Return on Equity

22.87%

Return on Assets

9.05%

Free Cashflow Yield

6.85%

PCAR Fundamentals

PCAR Revenue

Revenue (TTM)

28.8B

Revenue Y/Y

21.59%

Revenue Q/Q

15.17%

PCAR Earnings

Earnings (TTM)

3.0B

Earnings Y/Y

77.62%

Earnings Q/Q

19.74%

Price Action

52 Week Range

68.29112.89

(Low)(High)

Last 7 days

-1.3%

Last 30 days

-4.4%

Last 90 days

-30.5%

Trailing 12 Months

-20.5%

PCAR Financial Health

PCAR Investor Care

Shares Dilution (1Y)

0.17%

Diluted EPS (TTM)

5.75

Peers (Alternatives to PACCAR)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CAT	113.9B	59.4B	-8.78%	-0.53%	16.99	1.92	16.59%	3.25%
ITW	70.6B	15.9B	-0.83%	12.07%	23.28	4.43	10.22%	12.62%
PH	41.2B	17.2B	-7.08%	12.56%	32.7	2.4	12.35%	-30.65%
PCAR	36.5B	28.8B	-4.38%	-20.53%	12.13	1.27	22.52%	61.44%
XYL	17.8B	5.5B	-4.30%	15.29%	50.05	3.22	6.29%	-16.86%
MID-CAP
MIDD	7.3B	4.0B	-11.47%	-19.45%	16.81	1.82	24.06%	-10.63%
OSK	5.0B	8.3B	-14.12%	-27.14%	29	0.61	4.14%	-62.29%
FLS	4.1B	3.6B	-7.93%	-6.28%	21.8	1.14	2.09%	49.85%
ALSN	4.0B	2.8B	-9.10%	9.74%	7.5	1.44	15.28%	20.14%
FSS	3.1B	1.4B	-2.91%	51.06%	25.75	2.16	18.27%	19.68%
MTOR	2.6B	4.3B	0.61%	53.23%	10.31	0.6	17.80%	81.88%
SMALL-CAP
SHYF	778.1M	1.0B	-26.57%	-43.56%	21.28	0.76	3.57%	-46.96%
REVG	676.9M	2.3B	-6.86%	-16.29%	44.53	0.29	-2.07%	-65.77%
MLR	392.4M	848.5M	23.28%	22.79%	19.29	0.46	18.26%	25.17%
CVGI	220.3M	981.6M	-16.65%	-20.50%	-10.03	0.22	1.03%	-192.58%

Financials for PACCAR

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	5.3%	28,820	27,376	25,464	24,149	23,522
EBITDA	14.7%	4,181	3,646	3,123	3,383	-
EBITDA Margin	8.9%	0.15*	0.13*	0.12*	0.14*	-
Earnings Before Taxes	15.4%	3,849	3,334	2,841	2,559	2,396
EBT Margin	9.7%	0.13*	0.12*	0.11*	0.11*	-
Net Income	15.4%	3,012	2,609	2,220	1,995	1,866
Net Income Margin	9.7%	0.10*	0.10*	0.09*	0.08*	-
Free Cahsflow	11.5%	2,502	2,243	1,833	1,526	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	8.7%	33,276	30,624	30,589	30,586	29,509
Inventory	-	1,976	-	-	-	-
Net PPE	2.1%	3,468	3,398	-	-	-
Goodwill	-	111	-	-	-	-
Shareholder's Equity	2.1%	13,167	12,894	12,518	12,143	11,594
Retained Earnings	-2.6%	13,402	13,761	13,110	12,508	12,026
Additional Paid-In Capital	8.9%	196	180	174	167	142
Shares Outstanding	0%	523	523	522	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	7.5%	3,027	2,815	2,417	2,109	2,187
Share Based Compensation	10.6%	18.00	16.00	15.00	-	-
Cashflow From Investing	-22.8%	-2,033	-1,655	-1,575	-1,553	-1,362
Cashflow From Financing	246.1%	305	88.00	-577	-531	-882
Dividend Payments	1.1%	1,005	994	994	994	708
Buy Backs	5.0%	2.00	2.00	2.00	2.00	2.00

Risks for PCAR

What is the probability of a big loss on PCAR?

46.5%

Probability that PACCAR stock will be more than 20% underwater in next one year

21.1%

Probability that PACCAR stock will be more than 30% underwater in next one year.

Probability that PACCAR stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PCAR drawdown profile look like?

Y-axis is the maximum loss one would have experienced if PACCAR was unfortunately bought at previous high price.

Drawdowns

Returns for PCAR

Cumulative Returns on PCAR

6.9%

10-Year Cumulative Returns

7.4%

7-Year Cumulative Returns

5.6%

5-Year Cumulative Returns

9.4%

3-Year Cumulative Returns

What are the long-term rolling returns for PCAR?

FIve years rolling returns for PACCAR.

Annualized Returns

Which funds bought or sold PCAR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	15.33	16,678,600	62,511,600	0.07%
2023-03-10	MATHER GROUP, LLC.	added	4.15	48,533	258,533	-%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-10.95	66,000	1,307,000	0.01%
2023-03-06	OLD MISSION CAPITAL LLC	sold off	-100	-227,000	-	-%
2023-03-06	BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL	unchanged	-	42,642	274,642	0.10%
2023-02-28	Voya Investment Management LLC	added	3.73	2,348,160	12,706,200	0.02%
2023-02-27	ST GERMAIN D J CO INC	new	-	13,856	13,856	-%
2023-02-24	NATIXIS	added	202	3,399,710	5,850,710	0.03%
2023-02-24	National Pension Service	added	3.25	8,067,500	47,609,600	0.09%
2023-02-22	CVA Family Office, LLC	reduced	-21.84	-2,350	33,650	0.01%

Latest Funds Activity

Are funds buying PCAR calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own PCAR

No. of Funds

PCAR Alerts

Big jump in Earnings (Y/Y)

PACCAR News

Schedule 13G FIlings of PACCAR

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	11.05%	38,418,948	SC 13G/A
Feb 07, 2023	blackrock inc.	7.5%	26,024,650	SC 13G/A
Feb 11, 2022	capital world investors	1.5%	5,252,614	SC 13G/A
Feb 01, 2022	blackrock inc.	6.8%	23,751,523	SC 13G/A
Jan 10, 2022	vanguard group inc	10.31%	35,786,296	SC 13G/A
Feb 16, 2021	capital world investors	6.5%	22,638,476	SC 13G
Feb 10, 2021	vanguard group inc	7.76%	26,878,987	SC 13G/A
Jan 29, 2021	blackrock inc.	6.9%	23,875,808	SC 13G/A
Feb 12, 2020	vanguard group inc	8.37%	28,961,520	SC 13G/A
Feb 05, 2020	blackrock inc.	7.9%	27,157,700	SC 13G/A

PCAR Fair Value

PACCAR fair value in different scenarios

The table shows the Fair Value estimates for PACCAR for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	63.48 -9.18%	101.64 45.41%	138.89 98.70%	242.12 246.38%	317.30 353.93%
Current Inflation	41.54 -40.57%	51.28 -26.64%	82.41 17.90%	127.85 82.90%	154.10 120.46%
Very High Inflation	51.89 -25.77%	77.61 11.03%	101.26 44.86%	170.44 143.83%	219.94 214.65%

Historical PACCAR Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of PACCAR

View All Filings

Date Filed	Form Type	Document
Mar 15, 2023	ARS	ARS
Mar 15, 2023	DEF 14A	DEF 14A
Mar 10, 2023	4	Insider Trading
Mar 10, 2023	4	Insider Trading
Mar 10, 2023	4	Insider Trading
Mar 10, 2023	4	Insider Trading
Mar 10, 2023	4	Insider Trading
Mar 10, 2023	4	Insider Trading
Mar 10, 2023	4	Insider Trading
Mar 10, 2023	4	Insider Trading

Latest Insider Trading transactions for PCAR

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-08	FEIGHT R PRESTON	acquired	3,816	75.96	50.243	chief executive officer
2023-03-08	WALTON MICHAEL K	acquired	1,373	75.96	18.083	vice president/general counsel
2023-03-08	Bolgar Paulo Henrique	acquired	50.0576	75.96	0.659	vice president
2023-03-08	Rich John N	acquired	142	75.96	1.872	v.p. & chief tech. officer
2023-03-08	PIGOTT MARK C	acquired	39,127	75.96	515	executive chairman
2023-03-08	SCHIPPERS HARRIE	acquired	612	75.96	8.068	president & cfo
2023-03-08	SIVER DARRIN C	acquired	5,482	75.96	72.176	executive vice president
2023-03-08	HUBBARD TODD R	acquired	1,436	75.96	18.915	vice president
2023-03-08	DOZIER C MICHAEL	acquired	4,409	75.96	58.055	executive vice president
2023-03-01	HUBBARD TODD R	sold (taxes)	-20,938	72.2	-290	vice president

About PACCAR

Preston R. Feight

www.paccar.com

28500

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods. It sells its trucks through a network of independent dealers under the Kenworth, Peterbilt, and DAF nameplates. The Parts segment distributes aftermarket parts for trucks and related commercial vehicles. The Financial Services segment conducts full-service leasing operations under the PacLease trade name, as well as provides finance and leasing products and services to customers and dealers. This segment also offers equipment financing and administrative support services for its franchisees; retail loan and leasing services for small, medium, and large commercial trucking companies, as well as independent owners/operators and other businesses; and truck inventory financing services to independent dealers. In addition, this segment offers loans and leases directly to customers for the acquisition of trucks and related equipment. The company also manufactures and markets industrial winches under the Braden, Carco, and Gearmatic nameplates. PACCAR Inc was founded in 1905 and is headquartered in Bellevue, Washington.

PCAR Income Statement

2022-12-31

Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues	$ 28,819.7	$ 23,522.3	$ 18,728.5
Provision for losses on receivables	5.5	0.5	28.8
Investment income	61.0	15.5	35.9
Total Income Before Income Taxes	3,848.7	2,396.3	1,661.6
Income taxes	837.1	530.8	360.4
Net Income	$ 3,011.6	$ 1,865.5	$ 1,301.2
Net Income Per Share
Basic	$ 5.76	$ 3.58	$ 2.50
Diluted	$ 5.75	$ 3.57	$ 2.50
Weighted Average Number of Common Shares Outstanding
Basic	522.6	521.7	520.2
Diluted	523.4	522.7	521.2
Truck, Parts and Other
Revenues	$ 27,314.3	$ 21,834.5	$ 17,154.3
Cost of sales and revenues	23,291.0	19,092.4	15,072.7
Research and development	341.2	324.1	273.9
Selling, general and administrative	592.4	547.4	459.2
Interest and other (income), net	(109.1)	(72.6)	(54.1)
Costs and Expenses, Total	24,115.5	19,891.3	15,751.7
Income before income taxes	3,198.8	1,943.2	1,402.6
Financial Services
Interest and fees	628.7	524.4	527.4
Operating lease, rental and other revenues	876.7	1,163.4	1,046.8
Revenues	1,505.4	1,687.8	1,574.2
Interest and other borrowing expenses	216.3	150.9	192.1
Depreciation and other expenses	560.8	969.4	1,008.0
Selling, general and administrative	133.9	129.4	122.2
Provision for losses on receivables	5.5	0.5	28.8
Costs and Expenses, Total	916.5	1,250.2	1,351.1
Income before income taxes	$ 588.9	$ 437.6	$ 223.1

PCAR Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Property, plant and equipment, net	$ 3,468.4	$ 3,398.1
Total Assets	33,275.5	29,509.4
STOCKHOLDERS' EQUITY:
Preferred stock, no par value - authorized 1.0 million shares, none issued
Common stock, $1 par value - authorized 1.2 billion shares; issued 522.0 million and 347.3 million shares	522.0	347.3
Additional paid-in capital	196.1	142.0
Retained earnings	13,402.4	12,025.8
Accumulated other comprehensive loss	(953.4)	(921.1)
Total Stockholders’ Equity	13,167.1	11,594.0
Liabilities and Equity, Total	33,275.5	29,509.4
Truck, Parts and Other
ASSETS
Cash and cash equivalents	4,544.7	3,253.6
Trade and other receivables, net (allowance for losses: 2022 - $.6, 2021 - $.6)	1,919.8	1,575.1
Marketable securities	1,614.2	1,559.4
Inventories, net	2,198.8	1,976.0
Other current assets	682.0	732.9
Total Truck, Parts and Other Current Assets	10,959.5	9,097.0
Equipment on operating leases, net	190.8	302.4
Property, plant and equipment, net	3,468.4	3,398.1
Other noncurrent assets, net	1,477.2	1,293.0
Total Assets	16,095.9	14,090.5
Liabilities
Accounts payable, accrued expenses and other	4,511.7	3,930.9
Dividend payable	974.6	521.1
Total Truck, Parts and Other Current Liabilities	5,486.3	4,452.0
Residual value guarantees and deferred revenues	209.2	329.1
Other liabilities	1,490.1	1,487.6
Accounts payable, accrued expenses and other	4,511.7
Total Liabilities	7,185.6	6,268.7
STOCKHOLDERS' EQUITY:
Retained earnings	13,402.4	12,025.8
Financial Services
ASSETS
Cash and cash equivalents	146.2	174.7
Finance and other receivables, net (allowance for losses: 2022 - $121.1, 2021 - $116.9)	13,791.9	11,920.8
Equipment on operating leases, net	2,612.5	2,886.5
Other assets	629.0	436.9
Total Assets	17,179.6	15,418.9
Liabilities
Accounts payable, accrued expenses and other	826.8	624.5
Commercial paper and bank loans	3,604.9	3,303.0
Term notes	7,866.7	7,128.8
Deferred taxes and other liabilities	624.4	590.4
Total Liabilities	$ 12,922.8	$ 11,646.7