Harley-davidson Intrinsic Stock Value – HARLEY-DAVIDSON Reports Second Quarter Earnings Results for FY2023
August 13, 2023
🌥️Earnings Overview
HARLEY-DAVIDSON ($NYSE:HOG) reported their fiscal year 2023 second-quarter earnings results on June 30, 2023. The figures showed a total revenue of USD 1445.5 million, a 1.6% decrease from the same quarter in the prior year, and a net income of USD 178.0 million, a 17.5% decrease year over year. The quarter ended on July 27.
Share Price
On Thursday, HARLEY-DAVIDSON reported its second quarter earnings results for FY2023. The stock opened at $38.6 and closed at $37.7, up by 0.1% from its previous closing price of 37.7. This positive financial performance is attributed to improved demand for new and used motorcycles, increased demand for parts and accessories, cost control strategies, and new product launches.
The company’s management remains committed to generating shareholder value and continues to invest in its manufacturing and design capabilities in order to meet evolving customer needs. The company’s management team remains committed to generating higher shareholder value through cost control strategies and new product launches that will enable HARLEY-DAVIDSON to continue to remain competitive in the market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Harley-davidson. More…
| Total Revenues | Net Income | Net Margin |
| 6.03k | 785.19 | 12.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Harley-davidson. More…
| Operations | Investing | Financing |
| 714.79 | -624.75 | -862.07 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Harley-davidson. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.02k | 8.83k | 21.52 |
Key Ratios Snapshot
Some of the financial key ratios for Harley-davidson are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.1% | 75.1% | 16.9% |
| FCF Margin | ROE | ROA |
| 8.8% | 20.6% | 5.3% |
Analysis – Harley-davidson Intrinsic Stock Value
At GoodWhale, we conducted an analysis of HARLEY-DAVIDSON‘s wellbeing. Our proprietary valuation line estimated an intrinsic value of HARLEY-DAVIDSON shares to be around $47.4. However, the stock is currently trading at $37.7, indicating a 20.5% discount. We believe this makes it a good opportunity to buy and hold the stock for investors looking for a stable return. More…
Peers
In the motorcycle industry, Harley-Davidson Inc faces competition from Polaris Inc, Lazydays Holdings Inc, and Motorcycle Holdings Ltd. Harley-Davidson has been the market leader for years, but its competitors are constantly trying to catch up.
– Polaris Inc ($NYSE:PII)
Polaris Inc is a American manufacturing company based in Minnesota. The company specializes in off-road vehicles, snowmobiles, motorcycles, and ATVs. Polaris is also a leading manufacturer of electric vehicles.
The company has a market cap of 5.52B as of 2022 and a ROE of 32.56%. Polaris has a long history of innovative and high-quality products that have made it a leader in the powersports industry. The company’s strong financials and commitment to innovation should continue to fuel growth in the years to come.
– Lazydays Holdings Inc ($NASDAQ:LAZY)
Lazydays Holdings Inc is a holding company that, through its subsidiaries, engages in the retail sale of recreational vehicles (RVs) and related services in the United States. It operates through two segments, RV Services and Sales, and RV Accessories and Supplies. The company was founded in 1976 and is headquartered in Englewood, Colorado.
As of 2022, Lazydays Holdings Inc had a market cap of 129.7 million and a return on equity of 41.96%. The company is engaged in the retail sale of recreational vehicles and related services in the United States.
– Motorcycle Holdings Ltd ($ASX:MTO)
Following a banner year in 2020, Harley-Davidson’s market cap has grown to $153.03M. The company’s ROE has also grown to 13.44%. Harley-Davidson is a leading manufacturer of motorcycles and related products and services. The company’s products and services are sold through a worldwide network of independent dealers and distributors.
Summary
Investors should keep an eye on HARLEY-DAVIDSON as the company’s second quarter earnings results show a decrease in revenue and net income compared to the same quarter last year. The total revenue decreased by 1.6% to USD 1445.5 million, while net income decreased by 17.5% to USD 178.0 million. Investors should assess whether the decrease is due to short-term market conditions or a long-term trend in order to decide whether to buy, sell, or hold the stock. HARLEY-DAVIDSON may present an opportunity for investors if the company can act strategically and take advantage of current market conditions.
