Harley-Davidson IncFind Ratings Reports
HARLEY-DAVIDSON INC's gross profit margin for the second quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, however the growth has outpaced the average competitor within the industry. HARLEY-DAVIDSON INC has average liquidity. Currently, the Quick Ratio is 1.11 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 1.24% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
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|Income Statement||Q2 FY17||Q2 FY16|
|Net Sales ($mil)||1765.17||1861.08|
|Net Income ($mil)||258.87||280.43|
|Balance Sheet||Q2 FY17||Q2 FY16|
|Cash & Equiv. ($mil)||1051.7||947.82|
|Total Assets ($mil)||10487.77||10348.44|
|Total Debt ($mil)||7172.35||7061.32|
|Profitability||Q2 FY17||Q2 FY16|
|Gross Profit Margin||46.25||45.64|
|Return on Assets||5.78||6.89|
|Return on Equity||29.63||35.3|
|Debt||Q2 FY17||Q2 FY16|
|Share Data||Q2 FY17||Q2 FY16|
|Shares outstanding (mil)||170.6||178.8|
|Div / share||0.37||0.35|
|Book value / share||11.99||11.3|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||2617516.0||2136761.0|
BUY. The current P/E ratio indicates a premium compared to an average of 11.59 for the Automobiles industry and a significant discount compared to the S&P 500 average of 24.88. To use another comparison, its price-to-book ratio of 4.08 indicates a premium versus the S&P 500 average of 3.10 and a discount versus the industry average of 4.15. The current price-to-sales ratio is well below the S&P 500 average and is also below the industry average, indicating a discount.
|HOG 14.22||Peers 11.59||HOG 6.27||Peers 5.93|
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.
HOG is trading at a premium to its peers.
Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
HOG is trading at a valuation on par to its peers.
|HOG 13.04||Peers 11.00||HOG NM||Peers 1.84|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.
HOG is trading at a significant premium to its peers.
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
HOG's negative PEG ratio makes this valuation measure meaningless.
|HOG 4.08||Peers 4.15||HOG -9.95||Peers 19.95|
Average. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
HOG is trading at a valuation on par with its peers.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, HOG is expected to significantly trail its peers on the basis of its earnings growth rate.
|HOG 1.48||Peers 1.55||HOG -7.48||Peers 14.91|
Average. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
HOG is trading at a valuation on par with its industry on this measurement.
Lower. A sales growth rate that trails the industry implies that a company is losing market share.
HOG significantly trails its peers on the basis of sales growth