Paccar Inc Stock Fair Value – PACCAR INC Reports Record-Breaking Q2 Earnings of USD 8881.1 Million and USD 1221.1 Million Net Income, Up 24.1% and 69.5%, Respectively

☀️Earnings Overview

On July 25 2023, PACCAR INC ($NASDAQ:PCAR) reported their FY2023 Q2 earnings results with a 24.1% increase in total revenue to USD 8881.1 million and a 69.5% rise in net income to USD 1221.1 million, compared to the same period the previous year.

Analysis – Paccar Inc Stock Fair Value

GoodWhale has conducted an in-depth analysis of PACCAR INC‘s well-being to determine its fair value. Our proprietary Valuation Line reveals that PACCAR INC should be priced around $76.3. However, the current market price of PACCAR INC is $86.3, indicating that the stock is overvalued by 13.2%. This means that investors may want to consider whether they should invest in the company at its current price or wait for a more attractive entry point. Although PACCAR INC is currently overvalued, its long-term prospects remain attractive. With a strong balance sheet and a diversified portfolio of businesses, PACCAR INC has the potential to deliver strong returns for investors in the years to come. As such, investors may want to consider waiting for a more attractive entry point before investing in this company. More…

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…

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

Investors are likely to be pleased with the latest quarterly earnings reported by PACCAR Inc. for the period ending July 25th, 2023. The robust performance appears to be driven by a combination of strong demand for the company’s products and services, as well as improved operating efficiency and cost management. With the outlook for the US trucking industry continuing to remain optimistic, PACCAR is well-positioned to capitalize on the positive trend and deliver further growth for investors.