Polaris Inc Intrinsic Value Calculation – Polaris Reports Profitable Second Quarter Earnings for FY2023
August 8, 2023
☀️Earnings Overview
On July 25 2023, POLARIS INC ($NYSE:PII) released their earnings results for Q2 of the 2023 fiscal year. The company experienced a total revenue of $2216.6 million, representing a 7.5% increase from June 30 2022. Compared to the same quarter the year prior, net income was reported at $134.3 million, compared to a net loss of -$4.6 million.
Share Price
On Tuesday, POLARIS INC announced its second quarter earnings for fiscal year 2023, reporting a profitable quarter. This news was met with some market fluctuation as stock opened at $133.8 and closed at $132.8, down by 1.3% from last closing price of 134.5. POLARIS INC continued to experience growth in its international markets, posting strong gains in the Asia-Pacific region. POLARIS INC’s management highlighted the improved operating efficiency and cost controls implemented over the past year as contributing to the company’s success in the second quarter.
They also praised the strong demand for their products, with particular success in snowmobiles and off-road vehicles. Overall, POLARIS INC had a successful second quarter and is well on its way to achieving its financial goals for FY2023. The company is confident that it will continue to build on its momentum in the coming quarters, strengthening its position in the global market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Polaris Inc. More…
| Total Revenues | Net Income | Net Margin |
| 9.14k | 629.5 | 6.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Polaris Inc. More…
| Operations | Investing | Financing |
| 913.5 | -406.8 | -500.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Polaris Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.47k | 4.22k | 21.9 |
Key Ratios Snapshot
Some of the financial key ratios for Polaris Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.5% | 34.6% | 10.0% |
| FCF Margin | ROE | ROA |
| 5.7% | 47.5% | 10.4% |
Analysis – Polaris Inc Intrinsic Value Calculation
At GoodWhale, we have taken a detailed look at POLARIS INC‘s financial statements to come up with a fair evaluation of its worth. Our proprietary Valuation Line has calculated the intrinsic value of POLARIS INC share to be around $133.4. Currently, the stock is trading around $132.8, which we believe is a fair price. Therefore, investors can confidently invest in POLARIS INC knowing that they are paying a fair price for it. More…
Peers
Polaris Inc, Zhejiang CF Moto Power Co Ltd, Nissan Shatai Co Ltd, and Auto Parts 4Less Group Inc are all companies that manufacture and sell vehicles. Each company has its own unique history and set of products.
– Zhejiang CF Moto Power Co Ltd ($SHSE:603129)
Zhejiang CF Moto Power Co Ltd is a Chinese company that manufactures and sells motorcycles, ATVs, and scooters. The company has a market cap of 21.52B as of 2022 and a Return on Equity of 11.52%. CF Moto was founded in 1989 and is headquartered in Hangzhou, China. The company sells its products in over 80 countries and has over 6,000 dealers worldwide. CF Moto’s product line includes street bikes, dirt bikes, and ATVs. The company also offers a line of electric vehicles.
– Nissan Shatai Co Ltd ($TSE:7222)
Nissan Shatai Co Ltd is a Japanese automotive manufacturer with a market cap of 112.16B as of 2022. The company has a Return on Equity of -1.77%. Nissan Shatai Co Ltd manufactures cars, trucks, and SUVs. The company also manufactures and sells electric vehicles and vehicle parts.
Summary
Investors have expressed optimism in Polaris Inc‘s earnings performance for the second quarter of FY2023. Total revenue, reported on July 25 2023, was $2216.6 million, a 7.5% increase from the prior year. Net income was reported at $134.3 million, a substantial improvement from the prior year’s net loss of -$4.6 million.
This notable turnaround in profitability has been attributed to strong sales and efficient cost management. Going forward, investors will be looking at how Polaris Inc continues to capture market share and generate increased profits in the long-term.
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