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Why NYSE:THO is a Top Pick for Dividend Investors.

By Mill Chart

Last update: Apr 23, 2024

Our stock screener has singled out THOR INDUSTRIES INC (NYSE:THO) as a promising choice for dividend investors. NYSE:THO not only scores well in profitability, solvency, and liquidity but also offers a decent dividend. We'll explore this further.

Dividend Assessment of NYSE:THO

ChartMill assigns a Dividend Rating to every stock. This score ranges from 0 to 10 and evaluates the different dividend aspects, including the yield, the growth and sustainability. NYSE:THO scores a 7 out of 10:

  • Compared to an average industry Dividend Yield of 2.90, THO pays a better dividend. On top of this THO pays more dividend than 89.47% of the companies listed in the same industry.
  • THO has paid a dividend for at least 10 years, which is a reliable track record.
  • As THO did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
  • 36.40% of the earnings are spent on dividend by THO. This is a low number and sustainable payout ratio.
  • The dividend of THO is growing, but earnings are growing more, so the dividend growth is sustainable.

What does the Health looks like for NYSE:THO

ChartMill employs its own Health Rating for stock assessment. This rating, ranging from 0 to 10, is calculated by examining various liquidity and solvency ratios. In the case of NYSE:THO, the assigned 6 reflects its health status:

  • THO has an Altman-Z score of 3.63. This indicates that THO is financially healthy and has little risk of bankruptcy at the moment.
  • THO's Altman-Z score of 3.63 is amongst the best of the industry. THO outperforms 81.58% of its industry peers.
  • THO has a debt to FCF ratio of 2.61. This is a good value and a sign of high solvency as THO would need 2.61 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 2.61, THO belongs to the top of the industry, outperforming 92.11% of the companies in the same industry.
  • THO has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
  • THO has a Current ratio of 1.75. This is in the better half of the industry: THO outperforms 65.79% of its industry peers.

How do we evaluate the Profitability for NYSE:THO?

Discover ChartMill's exclusive Profitability Rating, a proprietary metric that assesses stocks on a scale of 0 to 10. It takes into consideration various profitability ratios and margins, both in absolute terms and relative to industry peers. Notably, NYSE:THO has achieved a 7:

  • The Return On Assets of THO (3.76%) is better than 78.95% of its industry peers.
  • THO's Return On Equity of 6.90% is fine compared to the rest of the industry. THO outperforms 71.05% of its industry peers.
  • THO has a Return On Invested Capital of 6.20%. This is amongst the best in the industry. THO outperforms 81.58% of its industry peers.
  • THO had an Average Return On Invested Capital over the past 3 years of 14.58%. This is above the industry average of 9.59%.
  • The 3 year average ROIC (14.58%) for THO is well above the current ROIC(6.20%). The reason for the recent decline needs to be investigated.
  • With a decent Profit Margin value of 2.62%, THO is doing good in the industry, outperforming 73.68% of the companies in the same industry.
  • The Operating Margin of THO (4.43%) is better than 73.68% of its industry peers.
  • With a decent Gross Margin value of 14.03%, THO is doing good in the industry, outperforming 63.16% of the companies in the same industry.

More Best Dividend stocks can be found in our Best Dividend screener.

Our latest full fundamental report of THO contains the most current fundamental analsysis.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.

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THOR INDUSTRIES INC

NYSE:THO (5/20/2024, 2:32:07 PM)

100.47

+0.13 (+0.13%)

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