Harley-Davidson, Inc. Financial Ratios — HAR.DE Stock

Profitability (USD)

	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Return on Common Equity (%)	2.31	9.1	8.83	9.68	10.35	8.63	13.43	35.39	29.37	20.15	0.07	41.53	34.19	25.26	13.86
Return on Assets (%)	1.58	6.27	6.62	7.9	8.92	7.71	6.97	5.25	5.15	4	0.01	5.64	6.58	5.98	3.79
Return on Capital (%)	1.72	5.12	5.24	5.98	6.26	5.1	5.94	6.46	6.1	4.63	- -	7.06	8.43	7.52	4.73
Return on Invested Capital (%)	6.12	7.66	8.41	9.52	10.08	8.8	8.09	6.05	6.91	4.83	- -	6.48	7.48	6.16	3.49
Gross Margin (%)	37.82	37.2	38.74	39.64	40.48	41.32	39.97	38.86	37.99	35.84	33.84	35.61	37.08	37.38	34.88
EBITDA Margin (%)	20.15	20.3	21.46	22.39	23.45	22.58	20.94	19.55	18.75	15.3	8.03	18.53	18.44	16.06	11.13
Operating Margin (%)	14.9	16.91	18.43	19.55	20.57	19.28	17.45	15.62	14.11	10.97	3.45	15.43	15.8	13.35	8.03
Incremental Operating Margin (%)	355.67	38.42	48.62	39.16	38.73	53.75	-10,359.94	47.02	-107.91	61.66	34.29	53.34	20.5	-160.05	55.79
Pretax Margin (%)	8.04	14.92	17.23	18.89	20.6	19.18	17.08	15.3	12.01	10.4	-0.39	15.35	16.18	14.85	9.97
Profit Margin (%)	3.02	11.28	11.18	12.44	13.56	12.55	11.54	9.24	9.3	7.9	0.03	12.18	12.88	12.11	8.78
Net Income to Common Margin (%)	3.02	11.28	11.18	12.44	13.56	12.55	11.54	9.24	9.3	7.9	0.03	12.18	12.88	12.11	8.78
Effective Tax Rate (%)	33.5	30.86	35.11	34.13	34.19	34.6	32.4	39.6	22.6	24	- -	20.65	20.62	19.82	13.92
Dvd Payout Ratio (%)	36.26	20.25	22.71	25.57	28.21	33.14	36.45	48.27	46.25	56	5,245.53	14.22	12.64	14.09	20.97
Sustainable Growth Rate (%)	1.47	7.26	6.82	7.2	7.43	5.77	8.54	18.31	15.79	8.87	-3.84	35.62	29.87	21.7	10.96

Credit (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Debt	5,752	5,723	5,103	5,259	5,505	6,872	6,808	6,988	7,599	7,508	9,034	6,937	6,955	7,196	7,026
ST Debt	1,232	1,879	732	1,842	1,743	2,040	2,141	2,401	2,712	2,339	3,071	2,311	2,471	2,154	2,510
LT Debt	4,521	3,844	4,371	3,417	3,762	4,832	4,667	4,587	4,888	5,169	5,963	4,626	4,484	5,042	4,516
Total Debt/EBITDA	5.87	5.31	4.26	3.98	3.77	5.08	5.42	6.33	7.09	9.15	27.76	7.02	6.55	7.68	12.17
Net Debt/EBITDA	4.83	3.89	3.37	3.17	3.15	4.54	4.82	5.71	5.97	8.06	17.61	5.07	5.16	5.97	9.3
Total Debt/EBIT	7.94	6.37	4.96	4.56	4.3	5.95	6.51	7.92	9.42	12.77	64.67	8.42	7.65	9.24	16.87
Net Debt/EBIT	6.53	4.67	3.92	3.63	3.59	5.32	5.78	7.14	7.93	11.24	41.02	6.09	6.03	7.18	12.89
EBITDA to Interest Expense	10.84	23.82	26.02	29.18	350.86	111.72	42.33	35.62	34.7	26.4	10.46	31.92	33.98	30.44	18.78
EBITDA-CapEx/Interest Expense	10.84	23.82	26.02	29.18	350.86	111.72	42.33	35.62	34.7	26.4	10.46	31.92	33.98	30.44	18.78
EBIT to Interest Expense	8.01	19.84	22.35	25.49	307.78	95.38	35.26	28.45	26.13	18.92	4.49	26.59	29.11	25.31	13.55
Interest Expense	90	45	46	45	4	12	30	31	31	31	31	31	31	31	31
Common Equity/Total Assets	67.22	70.58	79.71	83.53	88.82	89.9	13.54	16.14	18.84	20.86	10.71	16.69	21.69	25.56	29.18
Long-Term Debt/Equity (%)	204.84	158.82	170.88	113.53	129.29	262.68	243.05	248.73	275.52	286.55	346.13	181.16	154.25	155.04	142.98
Long-Term Debt/Capital (%)	37.39	30.63	35.21	26.05	26.93	30.51	57.28	53.36	50.87	53.27	57.78	52.68	47.44	48.96	43.07
Long-Term Debt/Total Assets (%)	47.93	39.73	47.66	36.33	39.48	48.46	47.19	46	45.83	49.1	49.65	41.86	39.02	41.53	38.01
Total Debt/Equity (%)	260.66	236.45	199.51	174.75	189.21	373.56	354.53	378.9	428.38	416.21	524.38	271.68	239.28	221.26	222.46
Total Debt/Capital (%)	47.57	45.6	41.11	40.1	39.41	43.39	83.56	81.28	79.09	77.37	87.53	79	73.59	69.88	67.01
Total Debt/Total Assets (%)	61	59.15	55.64	55.92	57.77	68.91	68.83	70.07	71.25	71.32	75.22	62.77	60.52	59.27	59.14
Net Debt to Equity	214.35	173.36	157.74	139.31	158.04	334.3	314.95	341.62	360.52	366.47	332.58	196.4	188.49	171.93	170.04
Net Debt/Capital (%)	42.73	38.06	35.56	34.8	35.21	40.69	81.87	79.65	76.09	74.53	81.12	72.61	68.34	63.8	60.37
EBITDA	979	1,078	1,198	1,321	1,460	1,354	1,256	1,104	1,072	820	325	989	1,061	937	577
EBITDA-CapEx	979	1,078	1,198	1,321	1,460	1,354	1,256	1,104	1,072	820	325	989	1,061	937	577
Operating Income (Loss)	724	898	1,029	1,154	1,281	1,156	1,046	882	807	588	140	823	909	779	417

Liquidity (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Cash Ratio	0.58	0.62	0.8	0.46	0.4	0.28	0.27	0.22	0.34	0.26	0.82	0.56	0.41	0.45	0.45
Current Ratio	2.02	1.68	2.7	1.59	1.65	1.45	1.35	1.23	1.25	1.31	1.47	1.36	1.34	1.53	1.4
Quick Ratio	1.24	1.36	2.11	1.28	1.31	1.12	1.09	0.99	1.04	1.05	1.23	1.05	0.98	1.16	1.08
CFO/Avg Current Liab	0.51	0.38	0.38	0.49	0.47	0.43	0.42	0.33	0.36	0.26	0.33	0.27	0.16	0.22	0.31
Common Equity/Total Assets	67.22	70.58	79.71	83.53	88.82	89.9	13.54	16.14	18.84	20.86	10.71	16.69	21.69	25.56	29.18
Long-Term Debt/Equity (%)	204.84	158.82	170.88	113.53	129.29	262.68	243.05	248.73	275.52	286.55	346.13	181.16	154.25	155.04	142.98
Long-Term Debt/Capital (%)	37.39	30.63	35.21	26.05	26.93	30.51	57.28	53.36	50.87	53.27	57.78	52.68	47.44	48.96	43.07
Long-Term Debt/Total Assets (%)	47.93	39.73	47.66	36.33	39.48	48.46	47.19	46	45.83	49.1	49.65	41.86	39.02	41.53	38.01
Total Debt/Equity (%)	260.66	236.45	199.51	174.75	189.21	373.56	354.53	378.9	428.38	416.21	524.38	271.68	239.28	221.26	222.46
Total Debt/Capital (%)	47.57	45.6	41.11	40.1	39.41	43.39	83.56	81.28	79.09	77.37	87.53	79	73.59	69.88	67.01
Total Debt/Total Assets (%)	61	59.15	55.64	55.92	57.77	68.91	68.83	70.07	71.25	71.32	75.22	62.77	60.52	59.27	59.14
CFO/Total Liabilities	15.12	12.2	12.12	15.28	17.32	13.53	14.73	12.36	13.56	9.95	11.45	11.48	6.39	8.49	12.2
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	2.49	2.64	3.16	3.51	3.57	2.95	1.91	1.74	1.49	1.48	1.02	1.48	1.6	1.58	1.39

Working Capital (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Accounts Receivable Turnover	3.19	3.2	2.82	2.94	2.97	2.69	2.57	2.35	2.31	2.12	1.94	3.23	3.13	2.64	2.23
Days Sales Outstanding	114.48	114.15	129.26	123.98	123.03	135.92	141.9	155.02	158.23	171.98	188.36	112.87	116.78	138.08	163.5
Inventory Turnover	9.31	8.96	8.42	8.71	8.49	6.8	6.63	6.65	6.48	5.93	4.76	5.56	4.35	3.89	4.03
Days Inventory Outstanding	39.23	40.73	43.33	41.92	43	53.68	55.05	54.87	56.34	61.52	76.69	65.67	83.85	93.92	90.54
Accounts Payable Turnover	15.6	14.25	13.23	14.45	17.09	16.9	14.92	15.08	13.91	12.04	8.89	10.89	10.25	9.99	9.86
Accounts Payable Turnover Days	23.4	25.62	27.59	25.26	21.36	21.59	24.46	24.2	26.25	30.31	41.05	33.52	35.61	36.52	37.02
Cash Conversion Cycle	130.31	129.26	145	140.64	144.67	168.01	172.49	185.7	188.32	203.19	223.99	145.02	165.02	195.48	217.02
Inventory to Cash Days	75.26	73.42	85.94	82.06	80.04	82.25	86.85	100.15	101.89	110.46	111.67	47.2	32.92	44.15	72.96
Inventories	326	418	394	425	449	586	500	538	556	604	523	713	951	930	746
Raw Materials	202	235	234	268	268	307	263	301	313	380	296	451	518	540	464
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	158	226	206	205	230	328	285	290	302	280	281	346	549	515	411
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Market Capitalization	6,185	6,757	8,042	11,822	11,369	7,382	8,472	7,571	4,966	5,417	5,150	5,444	5,772	5,173	3,971
- Cash & Cash Equivalents	1,022	1,527	1,068	1,067	907	722	760	688	1,204	834	3,257	1,875	1,433	1,534	1,590
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3	-1	-8
+ Total Debt	5,752	5,723	5,103	5,259	5,505	6,872	6,808	6,988	7,599	7,508	9,034	6,937	6,955	7,196	7,026
Enterprise Value	10,775	10,800	11,941	15,915	15,910	13,487	14,514	13,872	11,351	12,092	10,927	10,506	11,298	10,835	9,400
Total Capital	12,092	12,550	12,412	13,115	13,967	15,838	8,147	8,597	9,609	9,704	10,321	8,781	9,451	10,298	10,486
Total Debt/Capital (%)	47.57	45.6	41.11	40.1	39.41	43.39	83.56	81.28	79.09	77.37	87.53	79	73.59	69.88	67.01
Total Debt / EV	0.53	0.53	0.43	0.33	0.35	0.51	0.47	0.5	0.67	0.62	0.83	0.66	0.62	0.66	0.75
EV/Sales	2.22	2.03	2.14	2.7	2.55	2.25	2.42	2.46	1.99	2.26	2.7	1.97	1.96	1.86	1.81
EV/EBITDA	11	10.01	9.97	12.05	10.9	9.96	11.56	12.56	10.59	14.74	33.58	10.63	10.65	11.56	16.28
EV/EBIT	14.88	12.03	11.61	13.8	12.42	11.67	13.87	15.73	14.07	20.57	78.22	12.76	12.42	13.91	22.56
EV/Cash Flow to Firm	9.35	11.78	14.36	15.81	13.84	12.17	12.15	13.55	9.23	13.56	9.3	10.5	19.71	13.9	8.62
EV/Free Cash Flow to Firm	9.35	11.78	14.36	15.81	13.84	12.17	12.15	13.55	9.23	13.56	9.3	10.5	19.71	13.9	8.62
Diluted Market Cap	6,224	6,816	8,117	11,907	11,443	7,419	8,512	7,613	4,991	5,443	5,174	5,487	5,825	5,272	3,996
Diluted Enterprise Value	10,954	11,012	12,152	16,099	16,041	13,569	14,560	13,913	11,386	12,117	10,951	10,549	11,350	10,934	9,426
EV per Share	46.18	46.37	52.58	71.54	73.55	66.54	80.78	80.65	68.52	76.99	71.33	68.33	76.33	76.1	71.51
TTM Sales	4,859	5,312	5,581	5,900	6,229	5,995	5,996	5,647	5,717	5,362	4,054	5,336	5,755	5,836	5,187
TTM EBITDA	979	1,078	1,198	1,321	1,460	1,354	1,256	1,104	1,072	820	325	989	1,061	937	577
TTM Operating Income	724	898	1,029	1,154	1,281	1,156	1,046	882	807	588	140	823	909	779	417
TTM Cash Flow to Firm	1,152	917	831	1,007	1,149	1,108	1,194	1,024	1,230	892	1,175	1,000	573	780	1,090
TTM Free Cash Flow to Firm	1,152	917	831	1,007	1,149	1,108	1,194	1,024	1,230	892	1,175	1,000	573	780	1,090

Multiples (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Price/Free Cash Flow	5.7	7.7	10.13	12.19	9.98	6.74	7.25	7.57	4.14	6.27	4.39	5.62	10.62	6.98	3.76
EV/EBIT	14.88	12.03	11.61	13.8	12.42	11.67	13.87	15.73	14.07	20.57	78.22	12.76	12.42	13.91	22.56
Enterprise Value	10,775	10,800	11,941	15,915	15,910	13,487	14,514	13,872	11,351	12,092	10,927	10,506	11,298	10,835	9,400
Low Price	21.31	32.29	38.8	47.9	54.19	44.94	37.26	44.31	32.7	30.6	15.16	32.2	30.48	26.29	29.91
EV/Sales	2.22	2.03	2.14	2.7	2.55	2.25	2.42	2.46	1.99	2.26	2.7	1.97	1.96	1.86	1.81
EV/EBITDA	11	10.01	9.97	12.05	10.9	9.96	11.56	12.56	10.59	14.74	33.58	10.63	10.65	11.56	16.28
Price/Earnings	42.2	11.28	12.89	16.11	13.46	9.81	12.24	14.51	9.34	12.79	3,967.79	8.37	7.79	7.32	8.72
Price/Earnings Average	33.25	10.97	12.45	13.19	13.08	11.98	10.43	14.54	11.65	11.95	3,117.47	8.96	7.33	7.02	10.19
Price/Earnings High	57.34	17.88	19.7	21.01	18.94	17.87	16.21	20.78	17.37	15.24	4,918.87	12.43	9.64	10.4	12.65
Price/Earnings Low	33.92	12.55	14.12	14.52	13.88	12.11	9.67	14.61	10.19	11.34	1,788.73	7.62	6.09	5.3	8.64
Price/Book Value	0.98	0.99	1.1	1.5	1.34	0.82	6.32	4.7	2.47	2.47	4	2.95	2.32	1.67	1.15
Price/Book Value Average	0.77	0.96	1.06	1.23	1.31	1	5.39	4.71	3.08	2.31	3.15	3.16	2.18	1.6	1.34
Price/Book Value High	1.33	1.57	1.68	1.96	1.89	1.5	8.38	6.74	4.59	2.94	4.96	4.38	2.87	2.37	1.66
Price/Book Value Low	0.78	1.1	1.21	1.36	1.39	1.02	5	4.74	2.7	2.19	1.8	2.68	1.81	1.21	1.13
Price/Tangible Book Value	2.84	2.83	3.18	3.97	3.95	4.13	4.54	4.25	2.9	3.13	3.13	2.19	2.03	1.63	1.28
Price/Tangible Book Value Average	2.24	2.75	3.07	3.25	3.83	5.05	3.87	4.26	3.62	2.93	2.46	2.35	1.91	1.56	1.5
Price/Tangible Book Value High	3.86	4.48	4.86	5.18	5.55	7.53	6.01	6.09	5.39	3.73	3.88	3.25	2.52	2.31	1.86
Price/Tangible Book Value Low	2.28	3.15	3.49	3.58	4.07	5.1	3.59	4.28	3.16	2.78	1.41	1.99	1.59	1.18	1.27
Price/Sales	1.27	1.27	1.44	2	1.83	1.23	1.41	1.34	0.87	1.01	1.27	1.02	1	0.89	0.77
Price/Sales Average	1	1.24	1.39	1.64	1.77	1.5	1.2	1.34	1.08	0.94	1	1.09	0.94	0.85	0.89
Price/Sales High	1.73	2.02	2.2	2.61	2.57	2.24	1.87	1.92	1.61	1.2	1.57	1.51	1.24	1.26	1.11
Price/Sales Low	1.02	1.42	1.58	1.81	1.88	1.52	1.12	1.35	0.95	0.9	0.57	0.93	0.78	0.64	0.76
Price/Cash Flow	5.66	7.63	10.03	12.1	9.91	6.71	7.21	7.53	4.12	6.24	4.37	5.58	10.52	6.85	3.73
Price/Cash Flow Average	4.46	7.42	9.7	9.91	9.63	8.19	6.15	7.55	5.14	5.83	3.44	5.97	9.91	6.57	4.36
Price/Cash Flow High	7.69	12.1	15.34	15.78	13.95	12.22	9.56	10.79	7.65	7.44	5.42	8.28	13.03	9.73	5.41
Price/Cash Flow Low	4.55	8.49	11	10.91	10.22	8.28	5.7	7.58	4.49	5.53	1.97	5.07	8.23	4.96	3.7
Price/Free Cash Flow Average	4.49	7.49	9.79	9.98	9.7	8.23	6.18	7.59	5.16	5.86	3.45	6.02	10	6.69	4.39
Price/Free Cash Flow High	7.74	12.21	15.48	15.9	14.04	12.28	9.6	10.85	7.69	7.47	5.45	8.35	13.15	9.92	5.45
Price/Free Cash Flow Low	4.58	8.57	11.1	10.98	10.29	8.32	5.73	7.62	4.51	5.56	1.98	5.11	8.3	5.05	3.72
EV/Sales Average	1.98	2.03	2.12	2.35	2.51	2.53	2.21	2.46	2.2	2.19	2.42	2.04	1.9	1.82	1.94
EV/Sales High	2.7	2.81	2.93	3.32	3.31	3.27	2.88	3.04	2.73	2.45	3	2.46	2.2	2.23	2.16
EV/Sales Low	2	2.21	2.3	2.52	2.62	2.54	2.12	2.47	2.07	2.14	2	1.88	1.74	1.61	1.8
EV/EBITDA Average	9.81	9.99	9.86	10.51	10.71	11.2	10.56	12.58	11.75	14.31	30.19	11.01	10.33	11.33	17.44
EV/EBITDA High	13.41	13.82	13.63	14.85	14.1	14.47	13.75	15.52	14.58	16	37.37	13.29	11.94	13.88	19.38
EV/EBITDA Low	9.91	10.86	10.73	11.24	11.18	11.27	10.15	12.61	11.02	13.99	24.89	10.13	9.46	10.04	16.22
EV/EBIT Average	13.26	11.99	11.48	12.03	12.21	13.12	12.68	15.74	15.6	19.96	70.32	13.22	12.05	13.63	24.17
EV/EBIT High	18.14	16.6	15.87	17	16.07	16.96	16.51	19.43	19.37	22.33	87.06	15.96	13.94	16.7	26.85
EV/EBIT Low	13.4	13.05	12.49	12.87	12.74	13.2	12.18	15.78	14.64	19.53	57.98	12.16	11.04	12.07	22.47
Last Price	26.51	29.02	35.41	53.14	52.56	36.42	47.15	44.02	29.97	34.49	33.62	35.41	39	36.34	30.21
High Price	36.01	46	54.12	69.32	73.94	66.34	62.46	63.04	55.72	41.11	41.68	52.54	48.28	51.61	43.81
Enterprise Value Average	9,603	10,768	11,805	13,877	15,646	15,158	13,266	13,887	12,588	11,738	9,823	10,885	10,959	10,620	10,071
Enterprise Value High	13,133	14,908	16,327	19,614	20,592	19,596	17,271	17,143	15,626	13,131	12,161	13,140	12,672	13,010	11,188
Enterprise Value Low	9,702	11,716	12,847	14,849	16,319	15,258	12,742	13,922	11,813	11,480	8,099	10,013	10,037	9,405	9,361

	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Shares Outstanding	236	231	226	220	212	185	176	168	160	152	153	154	146	136	124
Diluted Weighted Avg Shares	235	235	229	224	218	204	181	173	167	158	154	155	149	145	132
Basic Weighted Avg Shares	233	233	227	222	216	203	180	172	166	157	153	154	148	142	131
Revenue per Share	20.83	22.81	24.57	26.52	28.8	29.58	33.37	32.83	34.51	34.14	26.47	34.71	38.88	40.99	39.46
EBITDA per Share	4.2	4.63	5.27	5.94	6.75	6.68	6.99	6.42	6.47	5.22	2.12	6.43	7.17	6.58	4.39
Operating Income per Share	3.1	3.86	4.53	5.19	5.92	5.7	5.82	5.13	4.87	3.74	0.91	5.36	6.14	5.47	3.17
Basic EPS, GAAP	0.63	2.57	2.75	3.3	3.9	3.71	3.85	3.03	3.21	2.7	0.01	4.23	5.01	4.96	3.46
Basic EPS from Cont Ops	1.11	2.35	2.75	3.3	3.9	3.71	3.85	3.03	3.21	2.7	0.01	4.23	4.99	4.88	3.39
Diluted EPS, GAAP	0.62	2.55	2.72	3.28	3.88	3.69	3.83	3.02	3.19	2.68	0.01	4.19	4.96	4.87	3.44
Diluted EPS from Cont Ops	1.11	2.33	2.72	3.28	3.88	3.69	3.83	3.02	3.19	2.68	0.01	4.19	4.95	4.79	3.37
Dividend per Share	0.4	0.48	0.62	0.84	1.1	1.23	1.4	1.46	1.48	1.51	0.44	0.6	0.63	0.68	0.69
Cash Flow per Share	4.68	3.8	3.53	4.39	5.3	5.43	6.54	5.84	7.28	5.53	7.69	6.35	3.71	5.3	8.09
Free Cash Flow per Basic Share	4.68	3.8	3.53	4.39	5.3	5.43	6.54	5.84	7.28	5.53	7.69	6.35	3.71	5.3	8.09
Cash & Equivalents per Share	4.98	7.22	5.3	5.24	4.46	3.79	4.26	4	7.33	5.31	21.26	12.19	9.68	10.77	12.09
Book Value per Share	27.17	29.32	32.19	35.31	39.12	44.23	7.45	9.36	12.13	13.98	8.4	11.99	16.84	21.79	26.37
Tangible Book Value per Share	9.33	10.27	11.13	13.39	13.32	8.81	10.39	10.36	10.34	11.01	10.75	16.15	19.18	22.35	23.52

Harley-Davidson, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)