WallStSmart

Harley-Davidson Inc (HOG)vsPatrick Industries Inc (PATK)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Harley-Davidson Inc generates 8% more annual revenue ($4.24B vs $3.94B). HOG leads profitability with a 4.8% profit margin vs 3.7%. HOG appears more attractively valued with a PEG of 2.11. PATK earns a higher WallStSmart Score of 54/100 (C-).

HOG

Hold

49

out of 100

Grade: D+

Growth: 2.0Profit: 4.5Value: 7.3Quality: 7.0
Piotroski: 6/9Altman Z: 2.23

PATK

Buy

54

out of 100

Grade: C-

Growth: 4.7Profit: 5.5Value: 4.3Quality: 6.5
Piotroski: 5/9Altman Z: 2.58
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

HOGUndervalued (+35.3%)

Margin of Safety

+35.3%

Fair Value

$31.79

Current Price

$27.87

$3.92 discount

UndervaluedFair: $31.79Overvalued

Intrinsic value data unavailable for PATK.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

HOG2 strengths · Avg: 9.0/10
Price/BookValuation
0.9x10/10

Reasonable price relative to book value

P/E RatioValuation
14.8x8/10

Attractively priced relative to earnings

PATK2 strengths · Avg: 8.0/10
Price/BookValuation
2.1x8/10

Reasonable price relative to book value

EPS GrowthGrowth
33.3%8/10

Earnings expanding 33.3% YoY

Areas to Watch

HOG4 concerns · Avg: 3.0/10
PEG RatioValuation
2.114/10

Expensive relative to growth rate

Return on EquityProfitability
7.1%3/10

ROE of 7.1% — below average capital efficiency

Profit MarginProfitability
4.8%3/10

4.8% margin — thin

Revenue GrowthGrowth
-5.9%2/10

Revenue declined 5.9%

PATK4 concerns · Avg: 2.5/10
Profit MarginProfitability
3.7%3/10

3.7% margin — thin

Debt/EquityHealth
1.463/10

Elevated debt levels

PEG RatioValuation
3.462/10

Expensive relative to growth rate

Revenue GrowthGrowth
-0.6%2/10

Revenue declined 0.6%

Comparative Analysis Report

WallStSmart Research

Bull Case : HOG

The strongest argument for HOG centers on Price/Book, P/E Ratio.

Bull Case : PATK

The strongest argument for PATK centers on Price/Book, EPS Growth.

Bear Case : HOG

The primary concerns for HOG are PEG Ratio, Return on Equity, Profit Margin. Thin 4.8% margins leave little buffer for downturns.

Bear Case : PATK

The primary concerns for PATK are Profit Margin, Debt/Equity, PEG Ratio. Thin 3.7% margins leave little buffer for downturns.

Key Dynamics to Monitor

HOG carries more volatility with a beta of 1.30 — expect wider price swings.

PATK is growing revenue faster at -0.6% — sustainability is the question.

HOG generates stronger free cash flow (155M), providing more financial flexibility.

Monitor RECREATIONAL VEHICLES industry trends, competitive dynamics, and regulatory changes.

Bottom Line

PATK scores higher overall (54/100 vs 49/100). HOG offers better value entry with a 35.3% margin of safety. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Harley-Davidson Inc

CONSUMER CYCLICAL · RECREATIONAL VEHICLES · USA

Harley-Davidson, Inc. manufactures and sells custom, cruiser and touring motorcycles. The company is headquartered in Milwaukee, Wisconsin.

Patrick Industries Inc

CONSUMER CYCLICAL · RECREATIONAL VEHICLES · USA

Patrick Industries Inc. (PATK), based in Elkhart, Indiana, stands as a prominent manufacturer and distributor specializing in component products for the recreational vehicle, marine, manufactured housing, and industrial sectors. The company boasts a diverse product portfolio, including cabinetry, decorative surfaces, and building materials, which underscores its commitment to innovation and operational efficiency. By focusing on sustainability and pursuing strategic acquisitions, Patrick Industries is well-positioned to capitalize on the growing demand in the recreational vehicle market, presenting attractive growth potential and value creation opportunities for institutional investors.

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