PII - Intrinsic Value and Financial Analysis - Polaris Inc.

Polaris Inc. PII

Consumer Cyclical - Auto - Recreational Vehicles - NYSE - US

Watchlist

$ 66.82

-0.566 %

$ 3.73 B

Market Cap

18.72

P/E

BALANCE SHEET

5.52 B ASSETS

Growth Rates

1Year 5.72%

3Years 5.99%

5Years 5.99%

7Years 8.58%

10Years 12.71%

4.09 B LIABILITIES

Growth Rates

1Year -0.76%

3Years 5.41%

5Years 4.63%

7Years 9.02%

10Years 13.70%

1.42 B EQUITY

Growth Rates

1Year 29.06%

3Years 7.41%

5Years 10.35%

7Years 7.28%

10Years 10.23%

BALANCE SHEET DECOMPOSITION

Balance Sheet Decomposition Polaris Inc.

5.52 B ASSETS
4.09 B LIABILITIES

Current Assets	2.69 B
Cash & Short-Term Investments	368 M
Receivables	315 M
Other Current Assets	2.01 B
Non-Current Assets	2.82 B
Long-Term Investments	212 M
PP&E	1.35 B
Other Non-Current Assets	1.27 B

Current Liabilities	1.93 B
Accounts Payable	713 M
Short-Term Debt	83.5 M
Other Current Liabilities	1.14 B
Non-Current Liabilities	2.15 B
Long-Term Debt	1.96 B
Other Non-Current Liabilities	190 M

Balance Sheet

Millions

	Dec-2023	Dec-2022	Dec-2021	Dec-2020	Dec-2019	Dec-2018	Dec-2017	Dec-2016	Dec-2015	Dec-2014	Dec-2013	Dec-2012	Dec-2011	Dec-2010	Dec-2009	Dec-2008	Dec-2007	Dec-2006	Dec-2005	Dec-2004	Dec-2003	Dec-2002	Dec-2001	Dec-2000	Dec-1999	Dec-1998	Dec-1997	Dec-1996	Dec-1995	Dec-1994	Dec-1993	Dec-1992	Dec-1991	Dec-1990	Dec-1989	Dec-1988	Dec-1987
ASSETS
Cash & Cash Equivalents	367.8	324.5	509.2	634.7	157.1	161.2	138.3	127.3	155.3	137.6	92.2	417.0	325.3	393.9	140.2	27.1	63.3	19.6	19.7	138.5	82.8	81.2	40.5	2.4	6.2	1.5	1.2	5.8	3.5	62.9	33.8	19.1	20.1	32.0	27.9	15.6	1.1
Short Term Investments	0.9	5.9	0	0	0	0	0	0	0.2	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Receivables	315.4	363.3	231.9	261.1	190.4	233.6	229.7	225.5	197.0	207.6	198.4	135.5	140.0	89.3	90.4	103.1	82.9	63.8	78.3	71.2	50.6	51.0	56.1	56.1	53.3	43.0	42.6	36.2	40.4	29.7	21.3	16.9	10.5	9.2	10.5	5.5	3.4
Inventory	1 810.5	1 896.1	1 644.8	1 177.6	1 121.1	969.5	784.0	746.5	710.0	565.7	417.9	345.0	298.0	235.9	179.3	222.3	218.3	230.5	202.0	173.6	182.8	155.9	152.7	143.5	118.1	107.4	139.5	122.9	104.6	88.7	52.1	37.6	27.0	22.5	20.6	14.0	18.0
Other Current Assets	198.0	183.7	314.1	134.1	158.4	121.5	101.5	91.6	90.6	185.7	157.1	120.3	111.6	110.6	102.2	91.1	100.7	99.0	73.9	82.4	87.4	55.6	56.0	38.9	37.1	31.9	34.2	28.5	27.3	25.2	2.5	1.4	1.6	3.2	1.3	1.3	2.9
Total Current Assets	2 691.7	2 767.6	2 559.0	2 207.5	1 627.0	1 485.7	1 253.5	1 191.0	1 154.7	1 096.6	865.7	1 017.8	878.7	808.1	491.5	443.6	447.6	393.0	374.0	465.7	387.7	343.7	305.3	240.9	214.7	183.8	217.5	193.4	175.8	206.5	109.7	75.0	59.2	66.9	60.3	36.4	25.4
PP&E	1 345.4	1 129.4	1 140.6	1 014.2	1 010.0	843.1	747.2	727.6	650.7	555.4	455.2	253.4	213.8	184.0	194.4	215.6	204.4	204.0	222.3	200.9	176.4	169.6	170.3	167.9	150.9	124.3	98.0	93.5	78.5	53.7	39.7	33.4	30.6	18.6	16.5	13.4	14.1
Intangible Assets	512.0	524.4	646.2	686.4	830.3	870.5	347.2	371.4	105.1	100.9	103.0	50.9	0	3.0	0	0	44 K	0.1	25.3	28.0	27.6	27.8	27.2	21.7	22.1	23.0	23.5	24.4	25.2	26.0	31.1	26.5	27.3	28.1	60.8	68.3	76.6
Goodwill	394.4	386.2	391.3	397.3	659.9	647.1	433.4	421.6	131.0	123.0	126.7	56.3	0	28.4	25.9	24.7	26.4	25.0	25.0	24.8	24.3	24.3	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	212.1	93.1	49.3	59.4	110.6	92.1	88.8	94.0	99.1	89.1	85.2	69.8	47.3	38.2	51.9	67.2	86.0	155.0	147.0	98.4	79.6	65.2	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Long Term Assets	64.8	106.7	97.8	90.2	99.4	99.0	104.0	105.6	80.3	68.7	12.5	15.9	0	(67.4)	(60.9)	(76.1)	89 K	62 K	(60.1)	(65.5)	(59.5)	0	62.3	59.7	54.3	47.6	45.7	40.4	34.9	45.0	0	11.8	18.4	25.1	0	0	0
Other Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	5 516.3	5 217.9	5 047.8	4 632.7	4 430.5	4 124.9	3 089.6	3 099.6	2 387.5	2 074.9	1 666.9	1 486.5	1 228.0	1 061.6	763.7	751.1	769.9	778.8	769.0	792.9	671.4	608.6	565.2	490.2	442.0	378.7	384.7	351.7	314.4	331.2	180.5	146.7	135.5	138.7	137.6	118.1	116.1
LIABILITIES
Accounts Payable	713.1	847.6	776.0	782.2	450.2	346.3	317.4	273.7	299.7	343.5	238.0	169.0	146.7	113.2	75.7	116.0	90.0	100.7	97.1	96.3	63.0	88.5	101.6	89.5	91.8	77.3	61.0	50.5	57.4	58.9	36.1	24.9	13.3	10.6	0	0	0
Short Term Debt	83.5	601.8	572.7	211.5	236.5	66.5	47.7	3.8	5.1	5.1	6.6	5.8	5.3	100.0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	40.2	0	0	0	0	0	0	0	2.0
Other Current Liabilities	1 123.6	872.7	864.2	873.7	835.4	780.0	754.5	680.1	515.3	490.9	494.2	451.2	462.8	368.4	260.7	285.5	293.4	256.8	269.1	277.9	244.9	204.6	206.8	148.9	142.0	127.7	130.1	110.9	98.3	102.6	62.0	44.2	39.3	36.0	38.9	20.7	15.6
Total Current Liabilities	1 933.8	2 328.6	2 230.1	1 889.4	1 528.0	1 197.4	1 130.3	959.8	826.8	850.8	748.1	631.0	615.5	584.2	343.1	404.8	388.2	361.4	375.6	405.2	330.5	313.5	308.3	238.4	233.8	205.0	191.1	161.4	195.9	161.5	98.1	69.1	52.6	46.6	38.9	20.7	17.6
Long Term Debt	1 960.9	1 678.2	1 318.7	1 507.9	1 604.7	1 912.2	883.6	1 155.6	456.4	247.2	288.2	104.3	104.6	100.0	200.0	200.0	200.0	250.0	18.0	18.0	18.0	18.0	18.0	47.1	40.0	20.5	24.4	35.0	0	0	0	0	0	0	0	0	0
Deferred Tax Income	2.7	4.6	5.5	4.4	4.0	6.5	10.1	9.1	13.7	18.2	6.4	0	0	0.9	11.1	4.2	0	0	5.7	8.0	3.5	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Liabilities	187.8	105.0	267.2	86.2	185.6	141.9	133.9	108.1	109.1	97.4	88.6	60.6	7.8	5.5	5.0	5.1	8.7	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Liabilities	4 085.2	4 116.4	3 821.5	3 487.9	3 322.3	3 257.9	2 157.9	2 232.6	1 406.0	1 213.7	1 131.3	796.0	728.0	690.7	559.1	614.1	596.9	611.4	399.3	431.2	352.0	331.5	326.4	285.5	273.8	225.5	215.5	196.4	195.9	161.5	98.0	69.1	52.6	46.6	38.8	20.7	17.5
EQUITY
Common Stock	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.7	0.7	0.7	0.7	0.7	0.3	0.3	0.3	0.3	0.4	0.4	0.4	0.4	0.2	0.2	0.2	0.2	0	0	0	0	0	0	0	0	0	0	0	0
Retained Earnings	243.5	33.8	157.3	218.4	287.3	121.4	242.8	300.1	447.2	401.8	155.6	409.1	321.8	285.5	201.4	140.6	146.8	152.2	375.2	366.3	330.2	289.7	248.6	207.6	160.8	104.2	91.8	43.4	(2.5)	53.3	(0.5)	(0.5)	(2.7)	(7.9)	(9.3)	(3.1)	2.5
Other Accumulative Comprehensive Income/Loss	(57.5)	(87.5)	(77.4)	(58.4)	(72.7)	(63.0)	(45.6)	(83.8)	(62.5)	(27.2)	18.8	12.2	12.0	5.9	2.8	(3.9)	25.9	14.8	(6.0)	(5.0)	(11.3)	(12.8)	(10.1)	(3.1)	(1.8)	(105.2)	(86.4)	(77.7)	(47.9)	0	0	0	0	0	0	0	0
Total Equity	1 420.8	1 101.5	1 226.3	1 144.8	1 108.2	867.3	931.7	867.0	981.5	861.3	535.6	690.5	500.1	371.0	204.5	137.0	173.0	167.4	369.7	361.7	319.4	277.1	238.8	204.7	168.2	153.2	169.2	155.3	118.5	169.7	82.5	77.6	82.9	92.1	98.8	97.4	98.6
Total Liabilities and Equity	5 516.3	5 217.9	5 047.8	4 632.7	4 430.5	4 124.9	3 089.6	3 099.6	2 387.5	2 074.9	1 666.9	1 486.5	1 228.0	1 061.6	763.7	751.1	769.9	778.8	769.0	792.9	671.4	608.6	565.2	490.2	442.0	378.7	384.7	351.7	314.4	331.2	180.5	146.7	135.5	138.7	137.6	118.1	116.1
SHARES OUTSTANDING
Common Shares Outstanding	57.1	59.3	61.3	61.9	61.4	62.5	62.9	64.3	66.0	66.2	68.5	68.8	68.8	66.9	64.8	65.5	70.5	80.6	84.3	84.7	85.9	89.6	91.9	94.2	98.9	103.3	106.8	111.4	111.2	110.5	121.9	87.0	89.7	97.1	90.0	84.4	70.0

Balance Sheet

Premium Plan

Unlimited Plan