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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 1.04
HAR's Cash to Debt is ranked higher than
60% of the 2592 Companies
in the Global Consumer Electronics industry.

( Industry Median: 1.22 vs. HAR: 1.04 )
HAR' s 10-Year Cash to Debt Range
Min: 0   Max: 2.42
Current: 1.04

0
2.42
Equity to Asset 0.44
HAR's Equity to Asset is ranked lower than
52% of the 2582 Companies
in the Global Consumer Electronics industry.

( Industry Median: 0.55 vs. HAR: 0.44 )
HAR' s 10-Year Equity to Asset Range
Min: 0.33   Max: 0.6
Current: 0.44

0.33
0.6
F-Score: 6
Z-Score: 4.21
M-Score: -2.63
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 6.16
HAR's Operating margin (%) is ranked higher than
74% of the 2599 Companies
in the Global Consumer Electronics industry.

( Industry Median: 3.90 vs. HAR: 6.16 )
HAR' s 10-Year Operating margin (%) Range
Min: -17.62   Max: 12.23
Current: 6.16

-17.62
12.23
Net-margin (%) 4.39
HAR's Net-margin (%) is ranked higher than
70% of the 2599 Companies
in the Global Consumer Electronics industry.

( Industry Median: 2.88 vs. HAR: 4.39 )
HAR' s 10-Year Net-margin (%) Range
Min: -14.62   Max: 8.84
Current: 4.39

-14.62
8.84
ROE (%) 13.71
HAR's ROE (%) is ranked higher than
86% of the 2573 Companies
in the Global Consumer Electronics industry.

( Industry Median: 5.78 vs. HAR: 13.71 )
HAR' s 10-Year ROE (%) Range
Min: -36.53   Max: 24.06
Current: 13.71

-36.53
24.06
ROA (%) 6.54
HAR's ROA (%) is ranked higher than
82% of the 2606 Companies
in the Global Consumer Electronics industry.

( Industry Median: 2.97 vs. HAR: 6.54 )
HAR' s 10-Year ROA (%) Range
Min: -15.89   Max: 12.86
Current: 6.54

-15.89
12.86
ROC (Joel Greenblatt) (%) 33.06
HAR's ROC (Joel Greenblatt) (%) is ranked higher than
90% of the 2600 Companies
in the Global Consumer Electronics industry.

( Industry Median: 10.22 vs. HAR: 33.06 )
HAR' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -62.47   Max: 61.77
Current: 33.06

-62.47
61.77
Revenue Growth (%) 13.30
HAR's Revenue Growth (%) is ranked higher than
87% of the 1920 Companies
in the Global Consumer Electronics industry.

( Industry Median: 2.50 vs. HAR: 13.30 )
HAR' s 10-Year Revenue Growth (%) Range
Min: -7.3   Max: 16.9
Current: 13.3

-7.3
16.9
EBITDA Growth (%) 14.80
HAR's EBITDA Growth (%) is ranked higher than
81% of the 1566 Companies
in the Global Consumer Electronics industry.

( Industry Median: 2.50 vs. HAR: 14.80 )
HAR' s 10-Year EBITDA Growth (%) Range
Min: -27.5   Max: 35.5
Current: 14.8

-27.5
35.5
EPS Growth (%) 20.90
HAR's EPS Growth (%) is ranked higher than
82% of the 1417 Companies
in the Global Consumer Electronics industry.

( Industry Median: 2.30 vs. HAR: 20.90 )
HAR' s 10-Year EPS Growth (%) Range
Min: -52.7   Max: 74.5
Current: 20.9

-52.7
74.5
» HAR's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

HAR Guru Trades in Q3 2013

Steven Cohen 17,374 sh (New)
George Soros 350,000 sh (New)
Jim Simons 187,600 sh (New)
John Rogers 76,160 sh (+222.83%)
Third Avenue Management Sold Out
NWQ Managers 998,849 sh (-7.54%)
Mario Gabelli 180,500 sh (-8.98%)
Robert Olstein 129,000 sh (-33.85%)
Chuck Royce 630,300 sh (-37.26%)
Paul Tudor Jones 5,800 sh (-40.82%)
» More
Q4 2013

HAR Guru Trades in Q4 2013

Ken Heebner 90,000 sh (New)
John Rogers 235,724 sh (+209.51%)
Paul Tudor Jones 9,714 sh (+67.48%)
Steven Cohen 20,485 sh (+17.91%)
Jim Simons 208,400 sh (+11.09%)
Robert Olstein 129,000 sh (unchged)
Mario Gabelli 178,900 sh (-0.89%)
Chuck Royce 570,230 sh (-9.53%)
NWQ Managers 571,353 sh (-42.8%)
George Soros 175,000 sh (-50%)
» More
Q1 2014

HAR Guru Trades in Q1 2014

Pioneer Investments 5,713 sh (New)
Joel Greenblatt 2,467 sh (New)
Steven Cohen 418,213 sh (+1941.56%)
Ken Heebner 995,000 sh (+1005.56%)
Jim Simons 241,700 sh (+15.98%)
John Rogers 232,470 sh (-1.38%)
George Soros 150,000 sh (-14.29%)
Mario Gabelli 141,000 sh (-21.19%)
NWQ Managers 424,078 sh (-25.78%)
Robert Olstein 89,000 sh (-31.01%)
Chuck Royce 362,030 sh (-36.51%)
Paul Tudor Jones 2,200 sh (-77.35%)
» More
Q2 2014

HAR Guru Trades in Q2 2014

Joel Greenblatt 260,339 sh (+10452.9%)
Pioneer Investments 11,779 sh (+106.18%)
Jim Simons 391,000 sh (+61.77%)
Paul Tudor Jones 3,308 sh (+50.36%)
John Rogers 345,686 sh (+48.7%)
Steven Cohen 250,000 sh (unchged)
Robert Olstein 89,000 sh (unchged)
NWQ Managers 389,497 sh (-8.15%)
George Soros 125,000 sh (-16.67%)
Mario Gabelli 111,000 sh (-21.28%)
Chuck Royce 283,500 sh (-21.69%)
Ken Heebner 630,000 sh (-36.68%)
» More
» Details

Insider Trades

Latest Guru Trades with HAR

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ken Heebner 2014-06-30 Reduce -36.68%1.03%$99.98 - $112.01 $ 97.5-8%630000
Joel Greenblatt 2014-06-30 Add 10452.9%0.35%$99.98 - $112.01 $ 97.5-8%260339
John Rogers 2014-06-30 Add 48.7%0.15%$99.98 - $112.01 $ 97.5-8%345686
Mario Gabelli 2014-06-30 Reduce -21.28%0.02%$99.98 - $112.01 $ 97.5-8%111000
Ken Heebner 2014-03-31 Add 1005.56%2.55%$80.2 - $110.9 $ 97.5-2%995000
Robert Olstein 2014-03-31 Reduce -31.01%0.47%$80.2 - $110.9 $ 97.5-2%89000
NWQ Managers 2014-03-31 Reduce -25.78%0.11%$80.2 - $110.9 $ 97.5-2%424078
Mario Gabelli 2014-03-31 Reduce -21.19%0.02%$80.2 - $110.9 $ 97.5-2%141000
Joel Greenblatt 2014-03-31 New Buy$80.2 - $110.9 $ 97.5-2%2467
NWQ Managers 2013-12-31 Reduce -42.8%0.27%$65.19 - $84.5 $ 97.526%571353
Ken Heebner 2013-12-31 New Buy0.19%$65.19 - $84.5 $ 97.526%90000
John Rogers 2013-12-31 Add 209.51%0.16%$65.19 - $84.5 $ 97.526%235724
George Soros 2013-12-31 Reduce -50%0.13%$65.19 - $84.5 $ 97.526%175000
Premium More recent guru trades are included for Premium Members only!!
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Ratios

vs
industry
vs
history
P/E(ttm) 29.00
HAR's P/E(ttm) is ranked higher than
63% of the 2720 Companies
in the Global Consumer Electronics industry.

( Industry Median: 30.80 vs. HAR: 29.00 )
HAR' s 10-Year P/E(ttm) Range
Min: 7.65   Max: 52.97
Current: 29

7.65
52.97
P/B 3.70
HAR's P/B is ranked lower than
64% of the 2720 Companies
in the Global Consumer Electronics industry.

( Industry Median: 1.55 vs. HAR: 3.70 )
HAR' s 10-Year P/B Range
Min: 0.55   Max: 9.31
Current: 3.7

0.55
9.31
P/S 1.27
HAR's P/S is ranked higher than
53% of the 2720 Companies
in the Global Consumer Electronics industry.

( Industry Median: 0.91 vs. HAR: 1.27 )
HAR' s 10-Year P/S Range
Min: 0.17   Max: 3.25
Current: 1.27

0.17
3.25
PFCF 15.65
HAR's PFCF is ranked higher than
81% of the 2718 Companies
in the Global Consumer Electronics industry.

( Industry Median: 560.00 vs. HAR: 15.65 )
HAR' s 10-Year PFCF Range
Min: 2.39   Max: 7385
Current: 15.65

2.39
7385
EV-to-EBIT 20.07
HAR's EV-to-EBIT is ranked higher than
68% of the 2720 Companies
in the Global Consumer Electronics industry.

( Industry Median: 21.99 vs. HAR: 20.07 )
HAR' s 10-Year EV-to-EBIT Range
Min: -254.7   Max: 32.4
Current: 20.07

-254.7
32.4
PEG 1.59
HAR's PEG is ranked higher than
90% of the 2720 Companies
in the Global Consumer Electronics industry.

( Industry Median: 9999.00 vs. HAR: 1.59 )
HAR' s 10-Year PEG Range
Min: 0.6   Max: 8.71
Current: 1.59

0.6
8.71
Shiller P/E 89.84
HAR's Shiller P/E is ranked higher than
74% of the 2720 Companies
in the Global Consumer Electronics industry.

( Industry Median: 9999.00 vs. HAR: 89.84 )
HAR' s 10-Year Shiller P/E Range
Min: 3.67   Max: 120.45
Current: 89.84

3.67
120.45
Current Ratio 1.66
HAR's Current Ratio is ranked higher than
55% of the 2601 Companies
in the Global Consumer Electronics industry.

( Industry Median: 1.92 vs. HAR: 1.66 )
HAR' s 10-Year Current Ratio Range
Min: 1.43   Max: 2.7
Current: 1.66

1.43
2.7
Quick Ratio 1.21
HAR's Quick Ratio is ranked higher than
54% of the 2601 Companies
in the Global Consumer Electronics industry.

( Industry Median: 1.40 vs. HAR: 1.21 )
HAR' s 10-Year Quick Ratio Range
Min: 0.96   Max: 1.61
Current: 1.21

0.96
1.61

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.26
HAR's Dividend Yield is ranked lower than
63% of the 1725 Companies
in the Global Consumer Electronics industry.

( Industry Median: 1.79 vs. HAR: 1.26 )
HAR' s 10-Year Dividend Yield Range
Min: 0.04   Max: 1.32
Current: 1.26

0.04
1.32
Dividend Payout 0.36
HAR's Dividend Payout is ranked higher than
76% of the 2720 Companies
in the Global Consumer Electronics industry.

( Industry Median: 9999.00 vs. HAR: 0.36 )
HAR' s 10-Year Dividend Payout Range
Min: 0.01   Max: 0.36
Current: 0.36

0.01
0.36
Dividend growth (3y) 188.40
HAR's Dividend growth (3y) is ranked higher than
100% of the 868 Companies
in the Global Consumer Electronics industry.

( Industry Median: 0.50 vs. HAR: 188.40 )
HAR' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 188.4
Current: 188.4

0
188.4
Yield on cost (5-Year) 1.30
HAR's Yield on cost (5-Year) is ranked lower than
66% of the 1780 Companies
in the Global Consumer Electronics industry.

( Industry Median: 2.04 vs. HAR: 1.30 )
HAR' s 10-Year Yield on cost (5-Year) Range
Min: 0.04   Max: 1.32
Current: 1.3

0.04
1.32
Share Buyback Rate 0.80
HAR's Share Buyback Rate is ranked higher than
86% of the 1389 Companies
in the Global Consumer Electronics industry.

( Industry Median: -0.80 vs. HAR: 0.80 )
HAR' s 10-Year Share Buyback Rate Range
Min: 4.8   Max: -7.4
Current: 0.8

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 6.20
HAR's Price/Tangible Book is ranked lower than
59% of the 2720 Companies
in the Global Consumer Electronics industry.

( Industry Median: 1.88 vs. HAR: 6.20 )
HAR' s 10-Year Price/Tangible Book Range
Min: 1.46   Max: 9.64
Current: 6.2

1.46
9.64
Price/DCF (Projected) 2.16
HAR's Price/DCF (Projected) is ranked higher than
80% of the 2720 Companies
in the Global Consumer Electronics industry.

( Industry Median: 9999.00 vs. HAR: 2.16 )
HAR' s 10-Year Price/DCF (Projected) Range
Min: 0.42   Max: 17.46
Current: 2.16

0.42
17.46
Price/Median PS Value 1.27
HAR's Price/Median PS Value is ranked higher than
57% of the 2720 Companies
in the Global Consumer Electronics industry.

( Industry Median: 1.08 vs. HAR: 1.27 )
HAR' s 10-Year Price/Median PS Value Range
Min: 0.38   Max: 2.31
Current: 1.27

0.38
2.31
Price/Graham Number 2.79
HAR's Price/Graham Number is ranked higher than
61% of the 2720 Companies
in the Global Consumer Electronics industry.

( Industry Median: 2.42 vs. HAR: 2.79 )
HAR' s 10-Year Price/Graham Number Range
Min: 0.84   Max: 4.04
Current: 2.79

0.84
4.04
Earnings Yield (Greenblatt) 5.00
HAR's Earnings Yield (Greenblatt) is ranked higher than
52% of the 2079 Companies
in the Global Consumer Electronics industry.

( Industry Median: 7.20 vs. HAR: 5.00 )
HAR' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.1   Max: 13.9
Current: 5

3.1
13.9
Forward Rate of Return (Yacktman) 1.40
HAR's Forward Rate of Return (Yacktman) is ranked higher than
65% of the 1736 Companies
in the Global Consumer Electronics industry.

( Industry Median: 3.52 vs. HAR: 1.40 )
HAR' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 1.2   Max: 39.3
Current: 1.4

1.2
39.3

Business Description

Industry: Computer Hardware » Consumer Electronics
Compare:TOSYY, PHG, LPL, SNE, WHR » details
Traded in other countries:HII.Germany
Harman International Industries, Inc. was incorporated in the state of Delaware in 1980. The Company is engaged in the development, manufacture and marketing of high quality, audio products, lighting solutions and electronic systems, as well as digitally integrated audio and infotainment systems for the automotive industry. The Company has developed, both internally and through a series of strategic acquisitions, an array of products offerings sold under renowned brand names in its principal markets. The Company's AKG, Crown, JBL, Infinity, Harman/Kardon, Lexicon, dbx, Digitech, BSS, Studer, Soundcraft, Mark Levinson, Becker, Revel, Logic 7, and Selenium brand names are well known worldwide for premium quality and performance. The Company's reportable segments are Infotainment, Lifestyle, Professional and Other. The Infotainment segment includes its infotainment business, which was previously reported in the Company's Automotive segment, and, Aha, a business it acquired in September 2010, which was previously reported in the Company's Other segment. The Company's Lifestyle segment includes its automotive audio business, which was previously reported in the Company's Automotive segment, its Consumer segment, which was previously reported as a standalone segment, and its luxury home audio business, which was previously reported in the Company's Professional segment. The Company's Professional segment designs, manufactures and markets an extensive range of loudspeakers, power amplifiers, digital signal processors, microphones, headphones and mixing consoles used by audio professionals in concert halls, stadiums, airports, houses of worship and other public spaces. The Company also provides high-quality products to the sound reinforcement, music instrument support and broadcast and recording segments of the professional audio market. The Company offers complete systems solutions for professional installations and users around the world. The Company's Professional products are marketed globally under brand names including JBL Professional, AKG, Crown, Soundcraft, Lexicon, DigiTech, dbx, BSS, Selenium and Studer. The Company's Other segment includes compensation, benefits and occupancy costs for corporate employees, net of reporting segment allocations, expenses associated with new technology innovation and its corporate brand identity campaign. The Company primarily sells its Infotainment systems directly to automobile manufacturers in the U.S., Europe, India, Japan, China and South Korea. The audio industry is fragmented and competitive and includes numerous manufacturers offering audio products that vary widely in price, quality and distribution methods. The Company is subject to various Federal, state, local and international environmental laws and regulations, including those governing the use, discharge and disposal of hazardous materials and, increasingly, the recycling of its products and of their packaging.
» More Articles for HAR

Headlines

Articles On GuruFocus.com
The Olstein All Cap Value Fund’s 2014 Second Quarter Letter to Shareholders Sep 10 2014 
Adding Harman May Provide an Advancement to Investors’ Portfolio Mar 23 2014 
HAR, AMAT, KEY, FCE.A - Third Avenue Management Sells in Review Nov 24 2013 
Robert Olstein Decreases 37 Companies - MSFT, CSCO, HAR, THO Nov 13 2013 
Weekly CFO Sells Highlight: FB, HAR, SAAS, DSW, LYV Sep 01 2013 
5 Stocks Raising the Dividend Growth Bar Jul 01 2013 
Third Avenue Management Comments on Harman International Oct 02 2012 
i don't think i will Oct 22 2011 
Weekly Guru Bargains Highlights: Harman International Industries Inc, Lowes Cos, Delta Air Lines, Ap Aug 07 2011 
Dividend Roundup: DRI, HAR, ETE, MFA, WOR Jul 01 2011 

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