Stock Analysis on Net

Generac Holdings Inc. (NYSE:GNRC)

This company has been moved to the archive! The financial data has not been updated since August 8, 2022.

Common Stock Valuation Ratios (Price Multiples)

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Current Valuation Ratios

Generac Holdings Inc., current price multiples

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Generac Holdings Inc. Boeing Co. Caterpillar Inc. Eaton Corp. plc GE Aerospace Honeywell International Inc. Lockheed Martin Corp. RTX Corp. Capital Goods Industrials
Selected Financial Data
Current share price (P) $252.06
No. shares of common stock outstanding 63,830,918
Growth rate (g) 27.57%
 
Earnings per share (EPS) $8.62
Next year expected EPS $11.00
Operating profit per share $11.30
Sales per share $58.55
Book value per share (BVPS) $34.68
Valuation Ratios (Price Multiples)
Price to earnings (P/E) 29.23 18.20 45.56 21.05 25.98 18.57 50.21 78.59 40.71
Price to next year expected earnings 22.91 14.86 42.76 20.71 22.40 11.76 49.20 80.52 42.63
Price-earnings-growth (PEG) 1.06 0.81 6.97 12.81 1.62 0.32 24.46
Price to operating profit (P/OP) 22.31 14.51 37.73 35.28 20.75 15.10 45.05 31.49 26.53
Price to sales (P/S) 4.31 1.14 2.95 6.32 3.00 4.01 1.90 2.33 2.87 2.60
Price to book value (P/BV) 7.27 9.65 7.70 7.06 9.27 18.80 2.68 6.55 6.71

Based on: 10-K (reporting date: 2021-12-31).

If the company price multiple is lower then the price multiple of benchmark then company stock is relatively undervalued.
Otherwise, if the company price multiple is higher then the price multiple of benchmark then company stock is relatively overvalued.


Historical Valuation Ratios (Summary)

Generac Holdings Inc., historical price multiples

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Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Price to earnings (P/E) 32.73 59.72 26.64 13.55 18.07
Price to operating profit (P/OP) 24.98 43.70 18.04 9.04 11.47
Price to sales (P/S) 4.82 8.42 3.05 1.60 1.72
Price to book value (P/BV) 8.14 15.06 6.50 4.25 5.15

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Generac Holdings Inc. P/E ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Generac Holdings Inc. P/OP ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Generac Holdings Inc. P/S ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Generac Holdings Inc. P/BV ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.

Price to Earnings (P/E)

Generac Holdings Inc., historical P/E calculation, comparison to benchmarks

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Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
No. shares of common stock outstanding1 63,783,651 62,861,442 62,567,525 62,129,621 62,325,716
Selected Financial Data (US$)
Net income attributable to Generac Holdings Inc. (in thousands) 550,494 350,576 252,007 238,257 159,386
Earnings per share (EPS)2 8.63 5.58 4.03 3.83 2.56
Share price1, 3 282.47 333.04 107.31 51.97 46.20
Valuation Ratio
P/E ratio4 32.73 59.72 26.64 13.55 18.07
Benchmarks
P/E Ratio, Competitors5
Boeing Co.
Caterpillar Inc. 16.82 36.80 12.36
Eaton Corp. plc 27.77 37.46 18.06
GE Aerospace 19.67
Honeywell International Inc. 23.14 29.63 20.97
Lockheed Martin Corp. 16.70 13.44 19.87
RTX Corp. 36.79 24.41
P/E Ratio, Sector
Capital Goods 57.31 123.55 39.03
P/E Ratio, Industry
Industrials 33.32 161.96 49.05

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 Data adjusted for splits and stock dividends.

2 2021 Calculation
EPS = Net income attributable to Generac Holdings Inc. ÷ No. shares of common stock outstanding
= 550,494,000 ÷ 63,783,651 = 8.63

3 Closing price as at the filing date of Generac Holdings Inc. Annual Report.

4 2021 Calculation
P/E ratio = Share price ÷ EPS
= 282.47 ÷ 8.63 = 32.73

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Generac Holdings Inc. P/E ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.

Price to Operating Profit (P/OP)

Generac Holdings Inc., historical P/OP calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
No. shares of common stock outstanding1 63,783,651 62,861,442 62,567,525 62,129,621 62,325,716
Selected Financial Data (US$)
Income from operations (in thousands) 721,136 479,106 372,163 357,181 251,064
Operating profit per share2 11.31 7.62 5.95 5.75 4.03
Share price1, 3 282.47 333.04 107.31 51.97 46.20
Valuation Ratio
P/OP ratio4 24.98 43.70 18.04 9.04 11.47
Benchmarks
P/OP Ratio, Competitors5
Boeing Co.
Caterpillar Inc. 15.87 24.23 9.08
Eaton Corp. plc 19.33 25.83 13.95
GE Aerospace 17.46 25.64 9.22
Honeywell International Inc. 20.68 24.86 18.81
Lockheed Martin Corp. 11.56 10.63 14.49
RTX Corp. 28.68 15.07
P/OP Ratio, Sector
Capital Goods 22.96 70.31 17.55
P/OP Ratio, Industry
Industrials 21.72 48.99 19.39

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 Data adjusted for splits and stock dividends.

2 2021 Calculation
Operating profit per share = Income from operations ÷ No. shares of common stock outstanding
= 721,136,000 ÷ 63,783,651 = 11.31

3 Closing price as at the filing date of Generac Holdings Inc. Annual Report.

4 2021 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 282.47 ÷ 11.31 = 24.98

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Generac Holdings Inc. P/OP ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.

Price to Sales (P/S)

Generac Holdings Inc., historical P/S calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
No. shares of common stock outstanding1 63,783,651 62,861,442 62,567,525 62,129,621 62,325,716
Selected Financial Data (US$)
Net sales (in thousands) 3,737,184 2,485,200 2,204,336 2,023,464 1,672,445
Sales per share2 58.59 39.53 35.23 32.57 26.83
Share price1, 3 282.47 333.04 107.31 51.97 46.20
Valuation Ratio
P/S ratio4 4.82 8.42 3.05 1.60 1.72
Benchmarks
P/S Ratio, Competitors5
Boeing Co. 1.87 1.96 2.34
Caterpillar Inc. 2.26 2.83 1.48
Eaton Corp. plc 3.03 2.96 1.87
GE Aerospace 1.50 1.41 1.18
Honeywell International Inc. 3.73 4.34 3.51
Lockheed Martin Corp. 1.57 1.40 2.07
RTX Corp. 2.21 1.95 1.75
P/S Ratio, Sector
Capital Goods 2.09 2.11 1.92
P/S Ratio, Industry
Industrials 2.13 2.17 1.88

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 Data adjusted for splits and stock dividends.

2 2021 Calculation
Sales per share = Net sales ÷ No. shares of common stock outstanding
= 3,737,184,000 ÷ 63,783,651 = 58.59

3 Closing price as at the filing date of Generac Holdings Inc. Annual Report.

4 2021 Calculation
P/S ratio = Share price ÷ Sales per share
= 282.47 ÷ 58.59 = 4.82

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Generac Holdings Inc. P/S ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.

Price to Book Value (P/BV)

Generac Holdings Inc., historical P/BV calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
No. shares of common stock outstanding1 63,783,651 62,861,442 62,567,525 62,129,621 62,325,716
Selected Financial Data (US$)
Stockholders’ equity attributable to Generac Holdings Inc. (in thousands) 2,213,774 1,390,293 1,032,382 760,549 559,552
Book value per share (BVPS)2 34.71 22.12 16.50 12.24 8.98
Share price1, 3 282.47 333.04 107.31 51.97 46.20
Valuation Ratio
P/BV ratio4 8.14 15.06 6.50 4.25 5.15
Benchmarks
P/BV Ratio, Competitors5
Boeing Co.
Caterpillar Inc. 6.62 7.20 5.16
Eaton Corp. plc 3.63 3.54 2.48
GE Aerospace 2.64 2.89 3.66
Honeywell International Inc. 6.91 8.07 6.97
Lockheed Martin Corp. 9.62 15.27 39.60
RTX Corp. 1.95 1.53 3.24
P/BV Ratio, Sector
Capital Goods 4.77 5.05 6.91
P/BV Ratio, Industry
Industrials 5.49 5.98 6.61

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 Data adjusted for splits and stock dividends.

2 2021 Calculation
BVPS = Stockholders’ equity attributable to Generac Holdings Inc. ÷ No. shares of common stock outstanding
= 2,213,774,000 ÷ 63,783,651 = 34.71

3 Closing price as at the filing date of Generac Holdings Inc. Annual Report.

4 2021 Calculation
P/BV ratio = Share price ÷ BVPS
= 282.47 ÷ 34.71 = 8.14

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Generac Holdings Inc. P/BV ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.