Report
Jaime Katz
EUR 98.48 For Business Accounts Only

Polaris' wholesale and retail demand begins to stabilize, leading to restored profit growth in 2017.

With numerous headwinds plaguing wide-moat Polaris over the past two years, including waning demand in oil-producing regions and a plethora of recalls, we believe 2017 should be the year the company begins to stabilize. While the business overall has become more complex as Polaris has reached into adjacent category growth, it has also become more diversified, potentially protecting both top- and bottom-line cyclicality from occurring in the same magnitude as in previous cycles. We think the comp...
Underlying
Polaris Inc.

Polaris designs, engineers and manufactures powersports vehicles which include, off-road vehicles, including all-terrain vehicles and side-by-side vehicles for recreational and utility use, snowmobiles, motorcycles, global adjacent markets vehicles, including commercial, government and defense vehicles, and boats. The company's products, together with related Parts, Garments and Accessories, as well as aftermarket accessories and apparel, are sold through dealers, distributors and retail stores principally located in the United States, Canada, Western Europe, Australia and Mexico.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Jaime Katz

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