Polaris Industries Financials

PII Stock  USD 100.12  1.04  1.05%   
Based on the key indicators related to Polaris Industries' liquidity, profitability, solvency, and operating efficiency, Polaris Industries may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. As of now, Polaris Industries' Total Current Liabilities is increasing as compared to previous years. The Polaris Industries' current Total Stockholder Equity is estimated to increase to about 1.5 B, while Retained Earnings are projected to decrease to under 193.6 M. Key indicators impacting Polaris Industries' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.07710.0563
Significantly Up
Pretty Stable
Return On Assets0.180.0911
Way Up
Pretty Stable
Return On Equity0.330.3545
Significantly Down
Very volatile
Debt Equity Ratio1.431.3602
Sufficiently Up
Slightly volatile
Operating Income735.9 M700.9 M
Sufficiently Up
Slightly volatile
Current Ratio1.331.3919
Sufficiently Down
Slightly volatile
The financial analysis of Polaris Industries is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Polaris Industries includes many different criteria found on its balance sheet. For example, investors should never minimize Polaris Industries' ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Polaris Industries' cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Polaris Industries.

Cash And Equivalents

322.5 Million

With this module, you can analyze Polaris financials for your investing period. You should be able to track the changes in Polaris Industries individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past Polaris Industries Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Polaris Industries' financial statements are interrelated, with each one affecting the others. For example, an increase in Polaris Industries' assets may result in an increase in income on the income statement.
Evaluating Polaris Industries' financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of Polaris Industries' profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the Polaris Industries' relative financial performance

Chance Of Distress

Less than 5

 
100  
 
Zero
Very Low
Polaris Industries has less than 5 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Polaris Industries stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, Polaris Industries' odds of distress score SHOULD NOT be confused with the real chance of Polaris Industries filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as Polaris is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include Polaris Industries' liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More Info
The data published in Polaris Industries' official financial statements usually reflect Polaris Industries' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Polaris Industries. For example, before you start analyzing numbers published by Polaris accountants, it's critical to develop an understanding of what Polaris Industries' liquidity, profitability, and earnings quality are in the context of the Leisure Products space in which it operates.
Please note, the presentation of Polaris Industries' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Polaris Industries' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Polaris Industries' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Polaris Industries. Please utilize our Beneish M Score to check the likelihood of Polaris Industries' management manipulating its earnings.

Polaris Industries Company Summary

Polaris Industries competes with Malibu Boats, MCBC Holdings, Brunswick, Twin Vee, and Vision Marine. Polaris Inc. designs, engineers, manufactures, and markets power sports vehicles worldwide. Polaris Inc. was founded in 1954 and is headquartered in Medina, Minnesota. Polaris Industries operates under Recreational Vehicles classification in the United States and is traded on New York Stock Exchange. It employs 16000 people.
Specialization
Consumer Discretionary, Consumer Durables & Apparel
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
CIK Number0000931015
ISINUS7310681025
CUSIP731068102
RegionNorth America
LocationMinnesota; U.S.A
Business Address2100 Highway 55,
SectorLeisure Products
IndustryConsumer Discretionary
BenchmarkNYSE Composite
Websitewww.polaris.com
Phone763 542 0500
CurrencyUSD - US Dollar
You should never invest in Polaris Industries without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Polaris Stock, because this is throwing your money away. Analyzing the key information contained in Polaris Industries' financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Polaris Industries Key Financial Ratios

Generally speaking, Polaris Industries' financial ratios allow both analysts and investors to convert raw data from Polaris Industries' financial statements into concise, actionable information that can be used to evaluate the performance of Polaris Industries over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Polaris Industries reports annually and quarterly.

Polaris Industries Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets4.4B4.6B5.0B5.2B5.5B5.8B
Other Current Liab841.9M892.6M805.4M867.8M1.1B1.2B
Net Debt1.6B943M1.5B1.8B1.7B1.8B
Retained Earnings287.3M218.4M157.3M33.8M243.5M193.6M
Cash157.1M634.7M509.2M324.5M367.8M386.2M
Net Receivables222.9M261.1M244.5M363.3M315.4M331.2M
Inventory1.1B1.2B1.6B1.9B1.8B1.9B
Other Current Assets125.9M134.1M160.5M183.7M198M207.9M
Total Liab3.3B3.5B3.8B4.1B4.1B4.3B
Total Current Assets1.6B2.2B2.6B2.8B2.7B2.8B
Short Term Debt201.6M176.8M592.6M577.7M83.5M131.2M
Intangible Assets830.3M686.4M646.2M524.4M512M537.6M
Accounts Payable450.2M782.2M797.4M847.6M713.1M748.8M
Good Will659.9M397.3M391.3M386.2M394.4M414.1M
Other Assets192.7M454M261.4M317.2M364.8M383.0M
Long Term Debt1.5B1.3B1.2B1.5B1.9B1.9B
Other Liab189.6M197.6M215.5M196.6M226.1M114.5M
Net Tangible Assets(368.6M)73.1M186.8M201M180.9M145.1M
Long Term Debt Total1.5B1.3B1.2B1.5B1.7B976.9M
Capital Surpluse892.8M983.9M1.1B1.2B1.3B738.1M

Polaris Industries Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Polaris Industries' earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense77.6M66.7M44.2M71.7M125M131.3M
Total Revenue6.8B7.0B8.2B8.6B15.9B16.7B
Gross Profit1.6B1.7B1.9B2.0B2.0B2.1B
Operating Income483.7M587.3M709M804.5M700.9M735.9M
Ebit483.7M587.3M709M804.5M700.9M735.9M
Ebitda719.9M848M943.8M1.1B700.9M383.4M
Cost Of Revenue5.1B5.3B6.3B6.6B13.9B14.6B
Income Before Tax407.8M141.4M625.7M761.4M620.4M651.4M
Net Income324.0M124.8M493.9M603.4M502.8M527.9M
Income Tax Expense83.9M16.5M131.4M158M117.7M79.8M
Research Development292.9M295.6M336.7M366.7M374.3M393.0M
Tax Provision83.9M16.5M131.4M158M150.3M98.8M
Interest Income82.7M66.7M44.2M71.7M82.5M60.5M
Net Interest Income(77.6M)(66.7M)(44.2M)(71.7M)(117.1M)(111.2M)
Minority Interest76K(100K)(400K)(500K)100K105K

Polaris Industries Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Polaris Industries. It measures of how well Polaris is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Polaris Industries brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Polaris had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Polaris Industries has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change To Inventory(149.9M)(44.9M)(503.1M)(391.1M)115.1M120.9M
Change In Cash3.2M461.2M(128.4M)(189.4M)43.3M45.5M
Free Cash Flow403.7M804.7M(4.6M)202M550.2M577.7M
Depreciation234.5M260.7M237.1M232.8M258.9M271.8M
Other Non Cash Items(27.3M)362.6M34.2M(41.5M)(5.4M)(5.1M)
Dividends Paid149.1M152.5M153.4M150M(147.3M)(139.9M)
Capital Expenditures251.4M213.9M298.3M306.6M412.6M433.2M
Net Income323.9M124.9M494.3M603.4M502.8M527.9M
End Period Cash Flow196.3M657.5M529.1M339.7M367.8M386.2M
Change To Netincome38.1M(35M)110M800K920K874K
Investments30.8M93.8M(5.6M)(324.6M)(512.3M)(486.7M)
Change Receivables6.8M(56.2M)(200K)(122.6M)(110.3M)(104.8M)
Net Borrowings(270.0M)(246.2M)351.3M257.7M296.4M160.1M

Polaris Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Polaris Industries's current stock value. Our valuation model uses many indicators to compare Polaris Industries value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Polaris Industries competition to find correlations between indicators driving Polaris Industries's intrinsic value. More Info.
Polaris Industries is rated below average in shares owned by insiders category among related companies. It is regarded fifth in operating margin category among related companies reporting about  0.01  of Operating Margin per Shares Owned By Insiders. The ratio of Shares Owned By Insiders to Operating Margin for Polaris Industries is roughly  95.79 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Polaris Industries by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Polaris Industries' Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Polaris Industries' earnings, one of the primary drivers of an investment's value.

Polaris Industries Systematic Risk

Polaris Industries' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Polaris Industries volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Polaris Industries correlated with the market. If Beta is less than 0 Polaris Industries generally moves in the opposite direction as compared to the market. If Polaris Industries Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Polaris Industries is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Polaris Industries is generally in the same direction as the market. If Beta > 1 Polaris Industries moves generally in the same direction as, but more than the movement of the benchmark.

About Polaris Industries Financials

What exactly are Polaris Industries Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Polaris Industries' income statement, its balance sheet, and the statement of cash flows. Potential Polaris Industries investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Polaris Industries investors may use each financial statement separately, they are all related. The changes in Polaris Industries's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Polaris Industries's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Polaris Industries Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Polaris Industries is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Polaris has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Polaris Industries' financials are consistent with your investment objective using the following steps:
  • Review Polaris Industries' balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Polaris Industries' liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Polaris Industries' financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Polaris Industries' stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

Polaris Industries Thematic Clasifications

Polaris Industries is part of Automobiles and Trucks investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Automobiles and Trucks industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
Automobiles and TrucksView
This theme covers USA Equities from Automobiles and Trucks industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
Today, most investors in Polaris Industries Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Polaris Industries' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Polaris Industries growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.76)

As of now, Polaris Industries' Price Earnings To Growth Ratio is decreasing as compared to previous years.

Polaris Industries March 29, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Polaris Industries help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Polaris Industries. We use our internally-developed statistical techniques to arrive at the intrinsic value of Polaris Industries based on widely used predictive technical indicators. In general, we focus on analyzing Polaris Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Polaris Industries's daily price indicators and compare them against related drivers.
When determining whether Polaris Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Polaris Industries' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Polaris Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Polaris Industries Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Polaris Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For more detail on how to invest in Polaris Stock please use our How to Invest in Polaris Industries guide.
You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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When running Polaris Industries' price analysis, check to measure Polaris Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Polaris Industries is operating at the current time. Most of Polaris Industries' value examination focuses on studying past and present price action to predict the probability of Polaris Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Polaris Industries' price. Additionally, you may evaluate how the addition of Polaris Industries to your portfolios can decrease your overall portfolio volatility.
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Is Polaris Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Polaris Industries. If investors know Polaris will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Polaris Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.46)
Dividend Share
2.6
Earnings Share
8.8
Revenue Per Share
157.877
Quarterly Revenue Growth
(0.04)
The market value of Polaris Industries is measured differently than its book value, which is the value of Polaris that is recorded on the company's balance sheet. Investors also form their own opinion of Polaris Industries' value that differs from its market value or its book value, called intrinsic value, which is Polaris Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Polaris Industries' market value can be influenced by many factors that don't directly affect Polaris Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Polaris Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Polaris Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Polaris Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.