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Polaris (PII)

As the global leader in powersports, Polaris Inc. pioneers product breakthroughs and enriching experiences and services that have invited people to discover the joy of being outdoors since our founding in 1954. With annual 2020 sales of $7.0 billion, Polaris' high-quality product line-up includes the Polaris RANGER, RZR and GENERAL side-by-side off-road vehicles; Sportsman all-terrain off-road vehicles; Indian Motorcycle mid-size and heavyweight motorcycles; Slingshot moto-roadsters; snowmobiles; and deck, cruiser and pontoon boats, including industry-leading Bennington pontoons. Polaris enhances the riding experience with parts, garments and accessories, along with a growing aftermarket portfolio, including Transamerican Auto Parts. Polaris' presence in adjacent markets includes military and commercial off-road vehicles, quadricycles, and electric vehicles. Proudly headquartered in Minnesota, Polaris serves more than 100 countries across the globe.

Company profile

Ticker
PII
Exchange
Website
CEO
Scott Wine
Employees
Incorporated
Location
Fiscal year end
Former names
POLARIS INDUSTRIES INC/MN
SEC CIK
Subsidiaries
A.M. Holding S.A.S. • Aixam Immobilier S.A.S. • Aixam Lusitana Sociedad De Comercializacae de Automoveis, S.A. • Aixam Mega S.A.S. • Aixam Production S.A.S. • Aixam Mega Engineering S.A.S. • AIXAM Mega GmbH • Aixam Mega Italia S.R.L. • Aixam Mega Nederland BV • Aixam-Mega Iberica, S.L. ...
IRS number
411790959

PII stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$121.00
Low target
$105.00
High target
$137.00
Raymond James
Maintains
Strong Buy
$137.00
27 Jul 22
Jefferies
Initiated
Hold
$105.00
28 Jun 22

Calendar

26 Jul 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 330.1M 330.1M 330.1M 330.1M 330.1M 330.1M
Cash burn (monthly) 20.63M (no burn) (no burn) (no burn) 2.63M (no burn)
Cash used (since last report) 29.51M n/a n/a n/a 3.77M n/a
Cash remaining 300.59M n/a n/a n/a 326.33M n/a
Runway (months of cash) 14.6 n/a n/a n/a 123.9 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jul 22 Farr Kevin M Common Stock Grant Acquire A No No 101.03 170.13 17.19K 16,506.77
1 Jul 22 Bilicic George W Common Stock Grant Acquire A No No 101.03 284.57 28.75K 17,044.36
1 Jul 22 Henricks Gwenne A. Common Stock Grant Acquire A No No 101.03 278.38 28.12K 19,879.3
1 Jul 22 Hendrickson Gary E Common Stock Grant Acquire A No No 101.03 315.5 31.87K 36,216.04
1 Jul 22 Wiehoff John Common Stock Grant Acquire A No No 101.03 723.79 73.12K 65,953.5

Financial report summary

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Risks
  • Our business may be sensitive to economic conditions, including those that impact our customers’ spending.
  • Shortages or increases in the cost of raw materials, commodities, component parts, and transportation could negatively impact our business.
  • We face intense competition in all product lines. Failure to compete effectively against competitors could negatively impact our business and operating results.
  • If we are unable to continue to enhance existing products and develop and market new or enhanced products that respond to customer needs and preferences, we may experience a decrease in demand for our products and our business could suffer.
  • Our continued success is dependent on positive perceptions of our Polaris brands which, if impaired, could adversely affect our sales.
  • Increased negative public perception of our products or any increased restrictions on the access or the use of our products in certain locations could materially adversely affect our business or results of operations.
  • Disruption in our suppliers’ operations could disrupt our production schedule.
  • We manufacture our products at, and distribute our products from, several locations in North America and internationally. An unforeseen increase in demand for our products or any disruption at any of these facilities or manufacturing delays could adversely affect our business and operating results.
  • We depend on suppliers, financing sources and other strategic partners who may be sensitive to economic conditions that could affect their businesses in a manner that adversely affects their relationship with us.
  • Failure to establish and maintain the appropriate level of dealers and distributor relationships or weak economic conditions impacting those relationships may negatively impact our business and operating results.
  • Our operations require significant management attention and financial resources, expose us to difficulties presented by global economic, political, legal, accounting, and business factors, and may not be successful or produce desired levels of sales and profitability.
  • Weather conditions may reduce demand and negatively impact net sales and production of certain of our products.
  • Our operations are dependent upon attracting and retaining senior executives and skilled employees. Our future success depends on our continuing ability to identify, hire, develop, motivate, retain and promote skilled personnel for all areas of our organization and to retain or provide for adequate succession planning for our senior executives.
  • The demand, supply, and operational challenges associated with the actual or perceived effects of COVID-19 and the related widespread impact on global supply chains may negatively impact our business and operating results.
  • A significant adverse determination in any material litigation claim against us could adversely affect our operating results or financial condition.
  • Significant product repair and/or replacement costs due to product warranty claims or product recalls could have a material adverse impact on our results of operations.
  • Our business, properties and products are subject to extensive United States federal and state and international safety, environmental and other government regulation and any failure to comply with these regulations could harm our reputation, expose us to damages and otherwise adversely affect our business.
  • Our reliance upon patents, trademark laws, and contractual provisions to protect our proprietary rights may not be sufficient to protect our intellectual property from others who may sell similar products and may lead to costly litigation.
  • We may be subject to cybersecurity breaches and other disruptions to our information technology systems and connected products that could adversely affect our business.
  • Fluctuations in foreign currency exchange rates could result in declines in our reported sales and net earnings.
  • Retail credit market deterioration and volatility may restrict the ability of our retail customers to finance the purchase of our products and adversely affect our income from financial services.
  • We have a significant amount of debt outstanding and must comply with restrictive covenants in our debt agreements.
  • Additional tax expense or tax exposure could impact our financial performance.
  • An impairment in the carrying value of goodwill and trade names could negatively impact our consolidated results of operations and net worth.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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