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PACCAR Inc. (PCAR)

Valor Justo
IndustrialsFarm & Heavy Construction MachineryUnited States

Fundamental

64

Preço

$109.81

Capitalização de Mercado

$58.25B

Parte 1 · Quanto vale a empresa

Visão Geral

PACCAR designs and manufactures heavy- and medium-duty trucks under the Kenworth, Peterbilt and DAF brand names, sold through a network of independent dealers across North America, Europe and other markets. Beyond building trucks, it also sells replacement parts to keep existing fleets running and lends money to dealers and truck buyers through its own finance arm, so a customer can buy a truck, service it and finance it all through PACCAR.

Como gera receita

Most revenue comes from selling new trucks outright to fleets and owner-operators, a business with thin margins that swings with how many trucks the industry orders each year. Parts sales are steadier and more profitable, since a truck already on the road needs maintenance regardless of the economic cycle, and the financial services arm earns interest income on loans and leases, adding a third, more stable stream on top of manufacturing.

Receita por segmento

Truck68.1%

Manufacture and sale of Kenworth, Peterbilt and DAF heavy- and medium-duty trucks, the core and most cyclical part of the business.

Parts24.2%

Replacement parts sold to keep the large existing fleet of PACCAR trucks running, a steadier and higher-margin business than new truck sales.

Financial Services7.8%

Loans and leases provided to dealers and truck buyers across North America, Europe, Australia and South America to finance PACCAR vehicles.

Vantagem competitiva

Escala · Estreita

Building heavy trucks at scale requires an established dealer network, decades of engineering and emissions-compliance investment, and manufacturing capacity that a new entrant cannot assemble quickly, keeping the field limited to a handful of global players. That barrier protects PACCAR's position but does not remove genuine competition: Daimler Truck, Traton's Volvo and Scania brands, and Navistar all fight for the same fleet customers.

O que impulsiona a procura

Cíclico

Truck orders follow the freight cycle closely: when shipping volumes and freight rates are strong, fleets replace and expand their trucks, and when freight demand softens, orders can fall sharply within a year, as PACCAR's own truck segment revenue decline in 2025 showed. Parts and financial services smooth this out somewhat, but the core manufacturing business remains genuinely cyclical.

Principais riscos

  • Truck order cyclicality — Truck segment revenue fell 14% year over year in the fourth quarter of 2025 as freight market conditions weakened, illustrating how quickly the core business can contract in a downturn.
  • Competition from other global truck makers — Daimler Truck, Traton's Volvo, Scania and Navistar brands compete directly for the same fleet and owner-operator customers across PACCAR's core markets.
  • Emissions and regulatory compliance costs — Tightening emissions standards in North America and Europe require continual investment in new engine and powertrain technology, adding cost and execution risk to every truck generation.
  • Tariffs and global supply chain exposure — PACCAR sources components and sells trucks across multiple countries, so changes in tariffs or trade policy can raise costs or disrupt production and sales in a given region.
  • Credit risk in the finance arm — PACCAR Financial Services holds a large portfolio of loans and leases to truck buyers; a downturn that hurts trucking businesses broadly would also raise defaults on that portfolio.

Os argumentos a favor

Buyers argue that PACCAR Parts keeps delivering record, high-margin revenue that cushions the cyclical truck business, that decades of engineering and dealer relationships make the company one of only a handful of credible global heavy-truck makers, and that Financial Services adds a steady profit stream through the cycle.

Os argumentos contra

Sellers worry that the core truck business is genuinely cyclical and already showing a double-digit revenue decline as freight markets soften, that emissions regulation keeps forcing costly technology investment, and that competition from Daimler Truck and Traton's brands limits pricing power in a downturn.

Written by the editors, published on 18 de agosto de 2026

Direct competitors

Who this company fights with for the same customers

Compare

Generated on 19 de setembro de 2026 with claude-haiku-4-5 — shared with all users

P/E: 12.5Score: 77Market cap: $31.82B

Its Freightliner and Western Star brands are the largest sellers of Class 8 trucks in the United States and Canada, the same fleet customers Kenworth and Peterbilt sell to, and its Mercedes-Benz Trucks unit is DAF's biggest rival in Europe.

AB VolvoNot tracked

Volvo Trucks and Mack together hold about 18% of the North American Class 8 market and Volvo Trucks is among the top European heavy-duty brands, competing with PACCAR on long-haul and vocational trucks plus the parts and service business that follows them.

TRATON SE8TRA

Through International Motors (formerly Navistar) in North America and MAN and Scania in Europe, TRATON sells heavy and medium trucks to the same haulage fleets on both continents where PACCAR operates.

Iveco Group N.V.Not tracked

Iveco is one of the six principal competitors DAF faces in the European commercial vehicle market, disputing the same heavy- and medium-duty fleet orders across the European Union.

Balanço & Liquidez

Receita

$27.82B

Últimos 12 meses (até 30/06/2026)

Resultado Líquido

$2.50B

Últimos 12 meses (até 30/06/2026)

Fluxo de Caixa Livre

$3.67B

Capital Próprio Total

$19.26B

Passivo Total

$25.07B

Rácio de Liquidez

0.71

Cobertura de Juros

-

Dívida/EBITDA

4.53

Resultados Por Ação

Receita & Resultado Líquido

Fluxo de Caixa Livre

Decomposição dos Resultados

Demonstração histórica

Margens ao longo do tempo

A dívida ao longo do tempo

Quanto pesa a dívida

Grelha do crescimento

Crescimento — Receitas

Estimativa de Valor Justo

Caso geralJustamente Valorizada

Valor Justo

$128.75

Preço Atual

$109.81

Margem de Segurança

+14.7%

Intervalo de Valor Justo

$86.39 - $171.11

Dispersão entre os métodos de avaliação utilizados, não um intervalo de confiança calibrado estatisticamente.

Métodos de Estimativa

Preço-alvo dos analistas:$144.80
Fluxo de caixa descontado (DCF):$178.15
Multiplicador de lucros (P/E):$78.67
Fórmula de crescimento de Graham:$140.87
Valor da capacidade de gerar lucro (EPV):$54.50
P/B justificado:$48.62
Desconto de dividendos (Gordon):$47.43
P/FFO, fundos de operações:$84.32
Lucros de meio de ciclo:Dados insuficientes para o calcular
Multiplicador sobre as receitas:$149.93
Consenso dos Analistas:Comprar (11B / 14H / 1S)
Última Surpresa de Resultados:+3.53%

Métricas de Avaliação

Rácio P/E

23.07

ROE

12.3%

Rácio P/B

2.84

P/FCF

15.64

Margem Bruta

20.0%

ROIC

-

Radar de Rentabilidade

Criação de Valor (Vantagem Competitiva)

ROIC

-

WACC

7.8%

ROIC − WACC

-

Critérios de Análise Fundamental

Aprovado (16)

  • EPS shows upward trend
  • Price CAGR 10.16%
  • P/FCF 15.64
  • P/B Ratio 2.84
  • Debt/Equity ratio
  • Positive Free Cash Flow
  • CapEx intensity
  • Debt/EBITDA
  • Return on Tangible Assets
  • Low reliance on intangibles
  • ROE 12.7%
  • Revenue Growth 5Y 8.7%
  • PEG Ratio 1.86
  • Earnings Quality (OCF/NI) 1.73
  • Share Dilution -0.0%
  • Piotroski F-Score 5/9

Reprovado (7)

  • EPS CAGR 1.77%
  • Gross Margin 20.0%
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • Analyst Consensus 42% Buy
  • Earnings Surprise avg -1.5%
  • Net Margin Trend 9.0% vs 9.9%

Indisponível (5)

  • ROIC NaN%
  • Dividend Payout NaN%
  • Operating Margin NaN%
  • Current Ratio
  • Interest Coverage

Piotroski F-Score

5/9

Sinais mistos: algumas áreas requerem atenção

score
criteria

Qualidade dos Resultados

1.73

Alta qualidade: resultados respaldados por caixa

Diluição de Ações

0.0%

A recomprar ações. Favorável ao acionista

Participações institucionais

Governação

Equipa Executiva

NomeCargoIdade
Mr. R. Preston FeightCEO & Director57
Mr. Kevin D. BaneyPresident54
Mr. Brice J. PoplawskiSenior VP & CFO60
Mr. Mark C. PigottExecutive Chairman71
Mr. John N. RichExecutive VP & CTO55
Ms. A. Lily LeyVP & Chief Information Officer59
Mr. Ken HastingsSenior Director of Investor Relations-
Mr. Michael K. WaltonVP & General Counsel59
Paulo Henrique BolgarVP & Chief Human Resources Officer56
Laura J. BlochSenior Vice President47

Risco de Auditoria

2

Risco do Conselho

9

Risco de Remuneração

4

Risco dos Direitos dos Acionistas

5

Parte 2 · O preço e o momento de entrar

Esta parte não serve para saber se a empresa vale: serve para escolher quando comprá-la, depois que os fundamentos te convenceram. Dentro: análise técnica, potencial, quedas históricas, exposição gama.

Documentos

  • Relatório anual (10-K)

    Uma visão anual do negócio, dos resultados financeiros e dos riscos da empresa.

    Arquivado em 2026-02-18

    Ver documento
  • Relatório trimestral (10-Q)

    Uma atualização sobre o desempenho financeiro dos últimos três meses.

    Arquivado em 2026-07-29

    Ver documento
  • Relatório de fato relevante (8-K)

    Um aviso sobre um fato relevante, como uma mudança na liderança ou um grande anúncio.

    Arquivado em 2026-07-28

    Ver documento

via SEC EDGAR

Histórico de Resultados

via SEC EDGAR

Latest News

Recent headlines for PCAR, sourced from Markets Gazette.

  • 16d agoNEUTRAL
    Nasdaq-100® Inside the Index: PACCAR (PCAR)

    This Nasdaq-100® Inside the Index feature delves into PACCAR's diverse operations, encompassing its truck manufacturing, parts sales, and financing segments. Key factors influencing its future outlook include the current freight cycle dynamics, record-breaking parts revenue, upcoming 2027 emissions regulations, and advancements in new powertrain technologies. Investors should monitor these elements for potential impacts on PACCAR's performance within the index.

via Markets Gazette