PACCAR Inc. (PCAR) – Truck registrations to decline

PACCAR Inc. (PCAR) Equity Report Q3FY23

Stock Performance: Over the past 3 years, PACCAR Inc generated returns of 45% where the stock price surged from $59.58 in Nov 06, 2020 to $86.37 in Nov 06, 2023. The stock had a 200-Day Moving Average of $78.48 and a 50-Day Moving Average of $84.48.

In the past 1 year, PCAR delivered returns of 26% where the stock price increased from $68.41 in Nov 11, 2022 to $86.37 in Nov 06, 2023. The stock had a 52 Week High of $90.05 and a 52 Week Low of $64.33.

Over the past 3 months, PCAR delivered returns of 1% where the stock price increased from $85.42 in Aug 08, 2023 to $86.37 in Nov 06, 2023.

Quarter Performance: In Q3FY23, PCAR’s revenue grew by 23% to $8.7bn from $7.06bn in Q3FY22 and the COGS increased by 16% to $6.63bn from $5.7bn in the same period.

Guidance: For FY23, in the above 16-tonne market in U.S. and Canada, the unit sales is expected to be in the range of 290,000- 320,000 trucks. In Europe the unit sales is expected to be in the range of 300,000-330,000 and in South America it is expected to be between 105,000-115,000.

Highlights

PACCAR has partnered with Accelera by Cummins, Daimler Truck, and EVE to manufacture LFP batteries in the United States for the North American commercial vehicle market.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 42

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