Valuation Harley-Davidson, Inc.

Equities

Market Closed - Nyse Other stock markets 04:00:02 2026-02-06 pm EST			5-day change	1st Jan Change
20.49 ^USD	+1.99%		+3.48%	-

Jan. 16	Morgan Stanley Adjusts Price Target on Harley-Davidson to $18 From $21, Maintains Underweight Rating	MT
Jan. 14	Harley-Davidson Debuts New 2026 Grand American Touring, Trial, Advance and Customer Vehicle Operation?? Motorcycles	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	5,625	5,800	6,081	5,131	3,836	2,421	2,421	-
Change	-	3.1%	4.86%	-15.63%	-25.23%	-36.9%	0%	-
Enterprise Value (EV) ¹	11,355	10,685	11,798	10,618	9,071	3,203	4,214	4,871
Change	-	-5.9%	10.41%	-10%	-14.56%	-64.69%	31.56%	15.61%
P/E ratio	3,670x	9x	8.39x	7.56x	8.76x	5x	10.3x	7.09x
PBR	3.26x	2.27x	2.12x	1.61x	-	0.76x	0.73x	0.63x
PEG	-	0x	0.5x	-4.17x	-0.3x	0.3x	-0.2x	0.2x
Capitalization / Revenue	1.72x	1.28x	1.24x	1.06x	0.93x	0.66x	0.65x	0.62x
EV / Revenue	3.48x	2.35x	2.41x	2.19x	2.2x	0.87x	1.12x	1.25x
EV / EBITDA	32.5x	10.8x	11.1x	10.3x	15.7x	4.14x	10.1x	9.66x
EV / EBIT	69.2x	12.9x	13x	13.6x	21.8x	5.54x	20.2x	16.2x
EV / FCF	10.8x	12.5x	29.7x	19.4x	10.5x	3.8x	9.92x	-
FCF Yield	9.22%	8.01%	3.36%	5.16%	9.56%	26.3%	10.1%	-
Dividend per Share ²	0.44	0.6	0.63	0.66	0.69	0.7052	0.7229	0.7638
Rate of return	1.2%	1.59%	1.51%	1.79%	2.29%	3.44%	3.53%	3.73%
EPS ²	0.01	4.19	4.96	4.87	3.44	4.098	1.994	2.89
Distribution rate	4,400%	14.3%	12.7%	13.6%	20.1%	17.2%	36.3%	26.4%
Net sales ¹	3,264	4,540	4,888	4,845	4,122	3,683	3,750	3,897
EBITDA ¹	349.9	992	1,061	1,035	577.3	773	415.4	504.3
EBIT ¹	164.1	826.9	908.7	779.1	416.6	578.5	208.6	300.8
Net income ¹	1.298	650	741	706.6	455.4	491.3	211.2	292.5
Net Debt ¹	5,730	4,886	5,717	5,487	5,235	782	1,793	2,451
Reference price ²	36.70	37.69	41.60	36.84	30.13	20.49	20.49	20.49
Nbr of stocks (in thousands)	153,279	153,877	146,184	139,270	127,327	118,142	118,142	-
Announcement Date	2/2/21	2/8/22	2/2/23	2/8/24	2/5/25	-	-	-

¹USD in Million²USD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
HARLEY-DAVIDSON, INC.	5x	0.87x	4.14x	3.44%	2.42B
BAJAJ AUTO LIMITED	27.78x	4.26x	20.89x	2.65%	29.37B
EICHER MOTORS LIMITED	36.26x	7.98x	32.6x	1.05%	21.73B
TVS MOTOR COMPANY LIMITED	48.76x	3.89x	30.31x	0.37%	19.73B
HERO MOTOCORP LTD	21.89x	2.21x	15.04x	3.12%	12.71B
YAMAHA MOTOR CO., LTD.	64.6x	0.67x	8.04x	3.19%	6.78B
LONCIN MOTOR CO., LTD.	17.32x	1.64x	13.5x	3.76%	4.58B
YADEA GROUP HOLDINGS LTD.	10.74x	0.52x	4.88x	4.39%	4.48B
ZHEJIANG QIANJIANG MOTORCYCLE CO., LTD.	9.7x	-	-	6.92%	1.2B
Average	26.90x	2.75x	16.18x	3.21%	11.44B
Weighted average by Cap.	33.33x	4.12x	22.20x	2.16%