PACCAR Shares Slide 1.09% Despite Poor Overall Trading Session for Stock Market
June 22, 2023
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On Tuesday, PACCAR ($NASDAQ:PCAR) Inc. shares experienced a 1.09% decline to $77.77, as the S&P 500 Index experienced a poor trading session. PACCAR Inc. is a Fortune 500 company specializing in the design, manufacture, and distribution of commercial vehicles, including trucks, buses, recreational vehicles, and diesel engines. The company has a strong presence in the global market with operations in North America, Europe, Latin America, and Asia. The company is well-known for its technological innovation and industry leadership in the commercial vehicle sector. In recent years, it has invested heavily in developing autonomous driving technology for its trucks and buses.
Additionally, the company has sought to expand its range of services with the launch of its new digital platform, which allows customers to track and manage their vehicles more efficiently. Despite the poor trading session for stocks on Tuesday, PACCAR Inc.’s stock remains one of the most reliable investments in the market due to its consistent performance over time. The company’s long-term stable returns and continuous commitment to developing new technologies make it an attractive investment opportunity for investors who are looking for a reliable dividend stock.
Analysis
At GoodWhale, we conducted an analysis of PACCAR INC‘s wellbeing using the Star Chart method. The outcome was a high health score of 10/10, indicating that PACCAR is in a great financial position and capable of sustaining operations in the event of a crisis. We classified PACCAR as a ‘cheetah’ type of company. This means that despite having achieved high revenue or earnings growth, the company has lower profitability and is considered less stable. Nevertheless, PACCAR INC is still strong in terms of its asset structure, dividend, growth and profitability. Given the strong financial situation of the company, we believe that long-term investors who are seeking a stable but profitable company will find PACCAR INC to be an attractive option. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Paccar Inc. More…
| Total Revenues | Net Income | Net Margin |
| 30.82k | 3.15k | 9.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Paccar Inc. More…
| Operations | Investing | Financing |
| 3.25k | -1.92k | -229.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Paccar Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 34.83k | 20.94k | 25.22 |
Key Ratios Snapshot
Some of the financial key ratios for Paccar Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.3% | 18.7% | 14.2% |
| FCF Margin | ROE | ROA |
| 6.3% | 20.8% | 7.9% |
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. saw a 1.09% decrease in stock price on Tuesday, underperforming the S&P 500. Investors should consider PACCAR’s current fundamentals, which include strong growth in revenues, profits, and cash flows. The company has also recognized an increase in return on equity over the past year, a positive sign for shareholders. The company is expected to benefit from its heavy duty truck market share.
Currently, analysts are forecasting a positive outlook for PACCAR’s future performance. Therefore, investors interested in long-term growth should consider investing in PACCAR stock.
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