Paccar Inc Intrinsic Value Calculator – PACCAR INC Reports 80.2% Increase in Revenue and 21.6% Increase in Net Income for the Fourth Quarter of 2022 Fiscal Year.

Earnings Overview

For the fourth quarter of 2022 ending on December 31, 2022, PACCAR INC ($NASDAQ:PCAR) reported total revenue of USD 921.3 million and net income of USD 8129.5 million – an increase of 80.2% and 21.6%, respectively, compared to the same period of the prior fiscal year 2023.

Transcripts Simplified

PACCAR achieved record annual revenues of $28.8 billion and record net income of $3.01 billion in 2022. PACCAR Parts achieved fourth quarter revenues of $1.47 billion and record pretax profits of $380 million, which was 23% increase compared to the same period last year. In 2022, US and Canadian Class 8 truck retail sales were 283,500 units, and PACCAR’s market share increased to 29.8%.

In 2023, US and Canadian Class 8 truck market deliveries are forecast to be in a range of 270,000 to 310,000 vehicles, and European above 16-ton truck registrations are expected to be in a range of 270,000 to 310,000. Truck, Parts and Other gross margins expanded to 15.9% in the fourth quarter.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Paccar Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Paccar Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Paccar Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Paccar Inc are shown below. More…

Market Price

The company’s stock opened at $70.0 and closed at $74.1, a rise of 8.6% from the prior closing price of $68.2. The company reported an 80.2% increase in revenue, driven by higher sales volumes across major markets including North America, Europe and Asia Pacific. PACCAR INC also reported a 21.6% increase in net income, largely due to higher operating margin. The strong performance of PACCAR INC during the fourth quarter of the 2022 fiscal year was driven by increased demand for its products in the trucking and transportation sectors. The company also demonstrated robust cost control and disciplined management of its balance sheet, allowing it to achieve higher profitability. The company also revised its outlook for the 2022 fiscal year, expecting more modest growth in revenue and net income compared to the prior year’s results.

PACCAR INC has further committed to investing in research and development in order to maintain its competitive edge in a quickly evolving industry. Overall, PACCAR INC has achieved impressive results for the fourth quarter of the 2022 fiscal year, demonstrating its ability to capitalize on growth opportunities in the trucking and transportation sectors. With its revised outlook for the 2022 fiscal year, the company is well-positioned to continue its strong performance going forward. Live Quote…

Analysis – Paccar Inc Intrinsic Value Calculator

GoodWhale recently performed an analysis of PACCAR INC‘s wellbeing, and determined the fair value of their shares to be around $71.0 using our proprietary Valuation Line. As of the time of our analysis, PACCAR INC stock is currently being traded at $74.1, a fair price that is slightly overvalued by 4.4%. This suggests that it may not be the most ideal time to buy PACCAR INC shares, as the price is slightly higher than the recommended fair value. However, we also recommend analyzing current market conditions, as well as conducting company-specific research prior to making an investment decision. More…

Peers

PACCAR Inc is one of the world’s leading truck manufacturers. The company’s main competitors are Oshkosh Corp, Daimler Truck Holding AG, Caterpillar Inc. PACCAR Inc manufactures and sells a wide range of trucks and related parts and services. The company operates in three segments: Truck, Parts, and Financial Services. PACCAR Inc is headquartered in Bellevue, Washington, and has manufacturing facilities in the United States, Mexico, Australia, the Netherlands, and the United Kingdom.

– Oshkosh Corp ($NYSE:OSK)

Oshkosh Corporation is a leading manufacturer and marketer of access equipment, specialty vehicles and vehicle bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire & emergency. Oshkosh Corporation manufactures, sells and services products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Jerr-Dan®, Frontline™, CON-E-CO®, London® and IMT®.

– Daimler Truck Holding AG ($OTCPK:DTRUY)

Daimler Truck Holding AG is a holding company that provides trucks and services for the transportation sector. The company has a market capitalization of 21.1 billion as of 2022 and a return on equity of 8.52%. Daimler Truck Holding AG operates in three segments: Daimler Trucks, Daimler Buses, and Daimler Financial Services. The company offers a range of trucks for different applications, including heavy-duty trucks, medium-duty trucks, and light-duty trucks. Daimler Truck Holding AG also provides financing, leasing, and insurance services for its customers.

– Caterpillar Inc ($NYSE:CAT)

Caterpillar Inc.’s market capitalization is 97.35 billion as of 2022. Its return on equity is 33.83%. The company manufactures construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. It also provides financing and leasing services through its subsidiaries.

Summary

PACCAR Inc. had a strong finish to its 2022 fiscal year, with total revenue of USD 921.3 million and net income of USD 8129.5 million for the fourth quarter ending December 31, 2022, representing year over year growth of 80.2% and 21.6%, respectively. Despite the current economic uncertainty, the company’s stock price moved up after the announcement, indicating investors are confident in PACCAR’s ability to maintain its market leading position. With its strong financial performance, PACCAR is well positioned to continue delivering long-term value for shareholders in the years ahead.