PII

Polaris Industries Inc

Industrial/Transportation, Consumer


Presented:10/15/2015
Price:$122.16
Cap:$8.29B
Current Price:$81.40
Cap:$4.54B

Presented

Date10/15/2015
Price$122.16
Market Cap$8.29B
Ent Value$10.33B
P/E Ratio17.89x
Book Value$13.38
Div Yield1.74%
Shares O/S67.83M
Ave Daily Vol840,721
Short Int12.16%

Current

Price$81.40
Market Cap$4.54B
Polaris Industries Inc. designs, engineers and manufactures off-road vehicles and on-road vehicles. Its products include side by side vehicles, terrain vehicles, victory motorcycles, Indian motorcycles, snowmobiles, GEM electric apparel accessories and Polaris defense. The off-road vehicles business provides stability for the rider than three wheel versions. Its on-road vehicles business manufactures v-twin cruiser motorcycles under the Victory brand name. It operates through cruisers, touring, sport bikes and standard motorcycles segments. The parts, garments and accessories business produces and supplies a variety of replacement parts and accessories. Its snowmobiles business produces snowmobiles, consisting of models ranging from youth models to utility and economy models to performance and competition models. Polaris Industries was founded by Allen Hetteen, Edgar E. Hetteen and David Johnson in 1954 and is headquartered in Medina, MN.

Publicly traded companies mentioned herein: Polaris Industries Inc (PII), Yamaha Motor Co Ltd (7272 JP)

Highlights

The presenter is short shares of Polaris Industries (PII) and sees factors such as increased competition, macro headwinds for a key customer base (farmers) and inventory issues weighing on shares over the next 12-18 months. PII should earn roughly $6 - $7 per share this year, but looking out further his scenario analyses suggest the company could earn as little as $2 - $3 per share. He outlined his bearish outlook as follows:

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Idea Discussion

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