HARLEY-DAVIDSON INC (HAR.DE) Fundamental Analysis & Valuation

FRA:HAR • US4128221086

Current stock price

23.99 EUR
-1.32 (-5.22%)
Last:

This HAR.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. HAR.DE Profitability Analysis

1.1 Basic Checks

  • HAR had positive earnings in the past year.
  • HAR had a positive operating cash flow in the past year.
  • Each year in the past 5 years HAR has been profitable.
  • HAR had a positive operating cash flow in each of the past 5 years.
HAR.DE Yearly Net Income VS EBIT VS OCF VS FCFHAR.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

1.2 Ratios

  • HAR's Return On Assets of 2.02% is in line compared to the rest of the industry. HAR outperforms 56.25% of its industry peers.
  • HAR's Return On Equity of 7.32% is fine compared to the rest of the industry. HAR outperforms 65.63% of its industry peers.
  • With a Return On Invested Capital value of 1.75%, HAR is not doing good in the industry: 65.63% of the companies in the same industry are doing better.
  • HAR had an Average Return On Invested Capital over the past 3 years of 6.41%. This is in line with the industry average of 5.84%.
  • The last Return On Invested Capital (1.75%) for HAR is well below the 3 year average (6.41%), which needs to be investigated, but indicates that HAR had better years and this may not be a problem.
Industry RankSector Rank
ROA 2.02%
ROE 7.32%
ROIC 1.75%
ROA(3y)5.37%
ROA(5y)4.4%
ROE(3y)20.55%
ROE(5y)17.43%
ROIC(3y)6.41%
ROIC(5y)5.73%
HAR.DE Yearly ROA, ROE, ROICHAR.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

1.3 Margins

  • HAR has a Profit Margin of 5.43%. This is amongst the best in the industry. HAR outperforms 81.25% of its industry peers.
  • HAR's Profit Margin has improved in the last couple of years.
  • With a Operating Margin value of 4.14%, HAR is not doing good in the industry: 65.63% of the companies in the same industry are doing better.
  • HAR's Operating Margin has declined in the last couple of years.
  • HAR has a better Gross Margin (34.04%) than 81.25% of its industry peers.
  • In the last couple of years the Gross Margin of HAR has remained more or less at the same level.
Industry RankSector Rank
OM 4.14%
PM (TTM) 5.43%
GM 34.04%
OM growth 3Y-19.67%
OM growth 5Y-6.04%
PM growth 3Y-10.34%
PM growth 5Y2.13%
GM growth 3Y-0.69%
GM growth 5Y-0.54%
HAR.DE Yearly Profit, Operating, Gross MarginsHAR.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. HAR.DE Health Analysis

2.1 Basic Checks

  • HAR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, HAR has less shares outstanding
  • HAR has less shares outstanding than it did 5 years ago.
  • HAR has about the same debt/assets ratio as last year.
HAR.DE Yearly Shares OutstandingHAR.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
HAR.DE Yearly Total Debt VS Total AssetsHAR.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

  • Based on the Altman-Z score of 1.22, we must say that HAR is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 1.22, HAR perfoms like the industry average, outperforming 46.88% of the companies in the same industry.
  • HAR has a debt to FCF ratio of 8.35. This is a slightly negative value and a sign of low solvency as HAR would need 8.35 years to pay back of all of its debts.
  • HAR has a Debt to FCF ratio of 8.35. This is in the better half of the industry: HAR outperforms 71.88% of its industry peers.
  • A Debt/Equity ratio of 1.47 is on the high side and indicates that HAR has dependencies on debt financing.
  • HAR has a worse Debt to Equity ratio (1.47) than 75.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.47
Debt/FCF 8.35
Altman-Z 1.22
ROIC/WACC0.23
WACC7.6%
HAR.DE Yearly LT Debt VS Equity VS FCFHAR.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.3 Liquidity

  • HAR has a Current Ratio of 1.37. This is a normal value and indicates that HAR is financially healthy and should not expect problems in meeting its short term obligations.
  • The Current ratio of HAR (1.37) is better than 71.88% of its industry peers.
  • A Quick Ratio of 1.20 indicates that HAR should not have too much problems paying its short term obligations.
  • With an excellent Quick ratio value of 1.20, HAR belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.37
Quick Ratio 1.2
HAR.DE Yearly Current Assets VS Current LiabilitesHAR.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. HAR.DE Growth Analysis

3.1 Past

  • The earnings per share for HAR have decreased strongly by -60.69% in the last year.
  • Measured over the past 5 years, HAR shows a small growth in Earnings Per Share. The EPS has been growing by 4.52% on average per year.
  • Looking at the last year, HAR shows a very negative growth in Revenue. The Revenue has decreased by -24.81% in the last year.
  • Measured over the past years, HAR shows a decrease in Revenue. The Revenue has been decreasing by -0.66% on average per year.
EPS 1Y (TTM)-60.69%
EPS 3Y-7.45%
EPS 5Y4.52%
EPS Q2Q%-46.01%
Revenue 1Y (TTM)-24.81%
Revenue growth 3Y-0.94%
Revenue growth 5Y-0.66%
Sales Q2Q%-22.63%

3.2 Future

  • Based on estimates for the next years, HAR will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.30% on average per year.
  • HAR is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.41% yearly.
EPS Next Y23.81%
EPS Next 2Y-10.36%
EPS Next 3Y1.86%
EPS Next 5Y11.3%
Revenue Next Year-11.31%
Revenue Next 2Y-4.02%
Revenue Next 3Y-2.77%
Revenue Next 5Y-0.41%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
HAR.DE Yearly Revenue VS EstimatesHAR.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 1B 2B 3B 4B 5B
HAR.DE Yearly EPS VS EstimatesHAR.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2 4 6 8

More info and screens

Find the best growth stocksShow best growing peers

6

4. HAR.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 14.63, the valuation of HAR can be described as correct.
  • Compared to the rest of the industry, the Price/Earnings ratio of HAR indicates a somewhat cheap valuation: HAR is cheaper than 62.50% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 24.75, HAR is valued a bit cheaper.
  • Based on the Price/Forward Earnings ratio of 10.52, the valuation of HAR can be described as reasonable.
  • HAR's Price/Forward Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 22.10. HAR is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 14.63
Fwd PE 10.52
HAR.DE Price Earnings VS Forward Price EarningsHAR.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • HAR's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. HAR is more expensive than 62.50% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, HAR is valued cheaply inside the industry as 93.75% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 4.17
EV/EBITDA 23.53
HAR.DE Per share dataHAR.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of HAR may justify a higher PE ratio.
PEG (NY)0.61
PEG (5Y)3.24
EPS Next 2Y-10.36%
EPS Next 3Y1.86%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. HAR.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.55%, HAR has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 3.79, HAR has a dividend in line with its industry peers.
  • HAR's Dividend Yield is a higher than the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 2.55%

5.2 History

  • The dividend of HAR decreases each year by -14.37%.
Dividend Growth(5Y)-14.37%
Div Incr Years4
Div Non Decr Years4
HAR.DE Yearly Dividends per shareHAR.DE Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

  • HAR pays out 36.50% of its income as dividend. This is a sustainable payout ratio.
DP36.5%
EPS Next 2Y-10.36%
EPS Next 3Y1.86%
HAR.DE Yearly Income VS Free CF VS DividendHAR.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
HAR.DE Dividend Payout.HAR.DE Dividend Payout, showing the Payout Ratio.HAR.DE Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

HAR.DE Fundamentals: All Metrics, Ratios and Statistics

HARLEY-DAVIDSON INC

FRA:HAR (9/25/2025, 7:00:00 PM)

23.99

-1.32 (-5.22%)

Chartmill FA Rating
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)07-30
Earnings (Next)10-22
Inst Owners93.32%
Inst Owner ChangeN/A
Ins Owners0.25%
Ins Owner ChangeN/A
Market Cap2.92B
Revenue(TTM)4.47B
Net Income(TTM)242.82M
Analysts71
Price Target25.53 (6.42%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.55%
Yearly Dividend0.6
Dividend Growth(5Y)-14.37%
DP36.5%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)13.2%
Min EPS beat(2)-8.96%
Max EPS beat(2)35.35%
EPS beat(4)2
Avg EPS beat(4)0.25%
Min EPS beat(4)-39.22%
Max EPS beat(4)35.35%
EPS beat(8)6
Avg EPS beat(8)49.94%
EPS beat(12)9
Avg EPS beat(12)70.97%
EPS beat(16)12
Avg EPS beat(16)66.85%
Revenue beat(2)0
Avg Revenue beat(2)-4.44%
Min Revenue beat(2)-6.15%
Max Revenue beat(2)-2.74%
Revenue beat(4)0
Avg Revenue beat(4)-7.37%
Min Revenue beat(4)-10.44%
Max Revenue beat(4)-2.74%
Revenue beat(8)2
Avg Revenue beat(8)-3.99%
Revenue beat(12)5
Avg Revenue beat(12)2.95%
Revenue beat(16)9
Avg Revenue beat(16)8.54%
PT rev (1m)-0.55%
PT rev (3m)-2.22%
EPS NQ rev (1m)-3.43%
EPS NQ rev (3m)73.66%
EPS NY rev (1m)0.74%
EPS NY rev (3m)57.44%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.49%
Revenue NY rev (1m)-0.35%
Revenue NY rev (3m)-1.63%
Valuation
Industry RankSector Rank
PE 14.63
Fwd PE 10.52
P/S 0.76
P/FCF 4.17
P/OCF 3.44
P/B 1.03
P/tB 1.05
EV/EBITDA 23.53
EPS(TTM)1.64
EY6.84%
EPS(NY)2.28
Fwd EY9.51%
FCF(TTM)5.76
FCFY24.01%
OCF(TTM)6.98
OCFY29.1%
SpS31.37
BVpS23.26
TBVpS22.81
PEG (NY)0.61
PEG (5Y)3.24
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 2.02%
ROE 7.32%
ROCE 2.24%
ROIC 1.75%
ROICexc 2.14%
ROICexgc 2.16%
OM 4.14%
PM (TTM) 5.43%
GM 34.04%
FCFM 18.36%
ROA(3y)5.37%
ROA(5y)4.4%
ROE(3y)20.55%
ROE(5y)17.43%
ROIC(3y)6.41%
ROIC(5y)5.73%
ROICexc(3y)7.68%
ROICexc(5y)7.1%
ROICexgc(3y)7.75%
ROICexgc(5y)7.17%
ROCE(3y)8.44%
ROCE(5y)7.56%
ROICexgc growth 3Y-23.42%
ROICexgc growth 5Y-7.47%
ROICexc growth 3Y-23.38%
ROICexc growth 5Y-7.45%
OM growth 3Y-19.67%
OM growth 5Y-6.04%
PM growth 3Y-10.34%
PM growth 5Y2.13%
GM growth 3Y-0.69%
GM growth 5Y-0.54%
F-Score5
Asset Turnover0.37
Health
Industry RankSector Rank
Debt/Equity 1.47
Debt/FCF 8.35
Debt/EBITDA 14
Cap/Depr 107.3%
Cap/Sales 3.9%
Interest Coverage 250
Cash Conversion 286.27%
Profit Quality 338.27%
Current Ratio 1.37
Quick Ratio 1.2
Altman-Z 1.22
F-Score5
WACC7.6%
ROIC/WACC0.23
Cap/Depr(3y)117.79%
Cap/Depr(5y)99.35%
Cap/Sales(3y)3.33%
Cap/Sales(5y)3.09%
Profit Quality(3y)107.15%
Profit Quality(5y)16195.2%
High Growth Momentum
Growth
EPS 1Y (TTM)-60.69%
EPS 3Y-7.45%
EPS 5Y4.52%
EPS Q2Q%-46.01%
EPS Next Y23.81%
EPS Next 2Y-10.36%
EPS Next 3Y1.86%
EPS Next 5Y11.3%
Revenue 1Y (TTM)-24.81%
Revenue growth 3Y-0.94%
Revenue growth 5Y-0.66%
Sales Q2Q%-22.63%
Revenue Next Year-11.31%
Revenue Next 2Y-4.02%
Revenue Next 3Y-2.77%
Revenue Next 5Y-0.41%
EBIT growth 1Y-73.22%
EBIT growth 3Y-20.42%
EBIT growth 5Y-6.66%
EBIT Next Year47.42%
EBIT Next 3Y3.96%
EBIT Next 5Y9.11%
FCF growth 1Y54.51%
FCF growth 3Y0.46%
FCF growth 5Y4.77%
OCF growth 1Y39.3%
OCF growth 3Y2.92%
OCF growth 5Y4.15%

HARLEY-DAVIDSON INC / HAR.DE Fundamental Analysis FAQ

What is the fundamental rating for HAR stock?

ChartMill assigns a fundamental rating of 5 / 10 to HAR.DE.


Can you provide the valuation status for HARLEY-DAVIDSON INC?

ChartMill assigns a valuation rating of 6 / 10 to HARLEY-DAVIDSON INC (HAR.DE). This can be considered as Fairly Valued.


What is the profitability of HAR stock?

HARLEY-DAVIDSON INC (HAR.DE) has a profitability rating of 6 / 10.


Can you provide the financial health for HAR stock?

The financial health rating of HARLEY-DAVIDSON INC (HAR.DE) is 4 / 10.


What is the expected EPS growth for HARLEY-DAVIDSON INC (HAR.DE) stock?

The Earnings per Share (EPS) of HARLEY-DAVIDSON INC (HAR.DE) is expected to grow by 23.81% in the next year.