THOR INDUSTRIES INC (THO) Stock Fundamental Analysis
NYSE:THO - New York Stock Exchange, Inc. - US8851601018 - Common Stock - Currency: USD
Taking everything into account, THO scores 7 out of 10 in our fundamental rating. THO was compared to 37 industry peers in the Automobiles industry. THO scores excellent points on both the profitability and health parts. This is a solid base for a good stock. THO has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year THO was profitable.
THO had a positive operating cash flow in the past year.
Each year in the past 5 years THO has been profitable.
In the past 5 years THO always reported a positive cash flow from operatings.
1.2 Ratios
THO has a Return On Assets of 3.11%. This is amongst the best in the industry. THO outperforms 86.49% of its industry peers.
With a decent Return On Equity value of 5.28%, THO is doing good in the industry, outperforming 72.97% of the companies in the same industry.
THO has a Return On Invested Capital of 4.61%. This is amongst the best in the industry. THO outperforms 83.78% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for THO is above the industry average of 6.67%.
The last Return On Invested Capital (4.61%) for THO is well below the 3 year average (11.53%), which needs to be investigated, but indicates that THO had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.11% | ||
| ROE | 5.28% | ||
| ROIC | 4.61% |
ROA(3y)8.1%
ROA(5y)7.61%
ROE(3y)15.87%
ROE(5y)15.96%
ROIC(3y)11.53%
ROIC(5y)11.18%
1.3 Margins
Looking at the Profit Margin, with a value of 2.32%, THO is in the better half of the industry, outperforming 72.97% of the companies in the same industry.
THO's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 3.55%, THO is doing good in the industry, outperforming 75.68% of the companies in the same industry.
THO's Operating Margin has been stable in the last couple of years.
THO's Gross Margin of 14.30% is fine compared to the rest of the industry. THO outperforms 62.16% of its industry peers.
THO's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.55% | ||
| PM (TTM) | 2.32% | ||
| GM | 14.3% |
OM growth 3Y-17.3%
OM growth 5Y-1.19%
PM growth 3Y-21%
PM growth 5Y9.28%
GM growth 3Y-2.05%
GM growth 5Y3.16%
2. Health
2.1 Basic Checks
THO has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for THO has been reduced compared to 1 year ago.
The number of shares outstanding for THO has been reduced compared to 5 years ago.
The debt/assets ratio for THO has been reduced compared to a year ago.
2.2 Solvency
THO has an Altman-Z score of 3.47. This indicates that THO is financially healthy and has little risk of bankruptcy at the moment.
THO has a better Altman-Z score (3.47) than 89.19% of its industry peers.
The Debt to FCF ratio of THO is 2.01, which is a good value as it means it would take THO, 2.01 years of fcf income to pay off all of its debts.
THO has a better Debt to FCF ratio (2.01) than 94.59% of its industry peers.
A Debt/Equity ratio of 0.26 indicates that THO is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.26, THO is doing good in the industry, outperforming 78.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 2.01 | ||
| Altman-Z | 3.47 |
ROIC/WACC0.34
WACC13.64%
2.3 Liquidity
A Current Ratio of 1.71 indicates that THO should not have too much problems paying its short term obligations.
THO's Current ratio of 1.71 is fine compared to the rest of the industry. THO outperforms 70.27% of its industry peers.
A Quick Ratio of 0.90 indicates that THO may have some problems paying its short term obligations.
THO has a Quick ratio of 0.90. This is comparable to the rest of the industry: THO outperforms 54.05% of its industry peers.
The current and quick ratio evaluation for THO is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.71 | ||
| Quick Ratio | 0.9 |
3. Growth
3.1 Past
The earnings per share for THO have decreased strongly by -19.03% in the last year.
Measured over the past years, THO shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.50% on average per year.
The Revenue has decreased by -6.42% in the past year.
THO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.01% yearly.
EPS 1Y (TTM)-19.03%
EPS 3Y-24.23%
EPS 5Y-0.5%
EPS Q2Q%18.78%
Revenue 1Y (TTM)-6.42%
Revenue growth 3Y-6.58%
Revenue growth 5Y5.01%
Sales Q2Q%3.35%
3.2 Future
Based on estimates for the next years, THO will show a very strong growth in Earnings Per Share. The EPS will grow by 21.52% on average per year.
THO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.44% yearly.
EPS Next Y-30.99%
EPS Next 2Y1.01%
EPS Next 3Y12.21%
EPS Next 5Y21.52%
Revenue Next Year-7.46%
Revenue Next 2Y-0.29%
Revenue Next 3Y3.19%
Revenue Next 5Y7.44%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 20.84 indicates a rather expensive valuation of THO.
THO's Price/Earnings ratio is rather cheap when compared to the industry. THO is cheaper than 81.08% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.31, THO is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 16.54, the valuation of THO can be described as correct.
Based on the Price/Forward Earnings ratio, THO is valued a bit cheaper than the industry average as 72.97% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.13, THO is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.84 | ||
| Fwd PE | 16.54 |
4.2 Price Multiples
THO's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. THO is cheaper than 83.78% of the companies in the same industry.
THO's Price/Free Cash Flow ratio is rather cheap when compared to the industry. THO is cheaper than 94.59% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.58 | ||
| EV/EBITDA | 8.36 |
4.3 Compensation for Growth
The excellent profitability rating of THO may justify a higher PE ratio.
THO's earnings are expected to grow with 12.21% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y1.01%
EPS Next 3Y12.21%
5. Dividend
5.1 Amount
THO has a Yearly Dividend Yield of 2.27%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.73, THO pays a better dividend. On top of this THO pays more dividend than 83.78% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, THO has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.27% |
5.2 History
The dividend of THO has a limited annual growth rate of 4.27%.
THO has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)4.27%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
47.20% of the earnings are spent on dividend by THO. This is a bit on the high side, but may be sustainable.
THO's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP47.2%
EPS Next 2Y1.01%
EPS Next 3Y12.21%
86.91
-1.08 (-1.23%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners105.83%
Inst Owner Change3.7%
Ins Owners4.51%
Ins Owner Change-0.31%
Market Cap4.62B
Analysts56.67
Price Target84.94 (-2.27%)
Short Float %10.13%
Short Ratio6.37
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.27% |
Yearly Dividend1.92
Dividend Growth(5Y)4.27%
DP47.2%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-36.72%
Min EPS beat(2)-114.48%
Max EPS beat(2)41.04%
EPS beat(4)2
Avg EPS beat(4)-37.43%
Min EPS beat(4)-114.48%
Max EPS beat(4)41.04%
EPS beat(8)5
Avg EPS beat(8)-13.79%
EPS beat(12)8
Avg EPS beat(12)1.59%
EPS beat(16)12
Avg EPS beat(16)10.15%
Revenue beat(2)2
Avg Revenue beat(2)5.79%
Min Revenue beat(2)1.26%
Max Revenue beat(2)10.32%
Revenue beat(4)3
Avg Revenue beat(4)1.95%
Min Revenue beat(4)-5.35%
Max Revenue beat(4)10.32%
Revenue beat(8)5
Avg Revenue beat(8)2.14%
Revenue beat(12)8
Avg Revenue beat(12)1.8%
Revenue beat(16)12
Avg Revenue beat(16)3.73%
PT rev (1m)0.55%
PT rev (3m)-22.46%
EPS NQ rev (1m)-24.84%
EPS NQ rev (3m)-25.15%
EPS NY rev (1m)0%
EPS NY rev (3m)-18.88%
Revenue NQ rev (1m)-4.82%
Revenue NQ rev (3m)-4.93%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)-1.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.84 | ||
| Fwd PE | 16.54 | ||
| P/S | 0.48 | ||
| P/FCF | 8.58 | ||
| P/OCF | 7.03 | ||
| P/B | 1.09 | ||
| P/tB | 2.89 | ||
| EV/EBITDA | 8.36 |
EPS(TTM)4.17
EY4.8%
EPS(NY)5.25
Fwd EY6.05%
FCF(TTM)10.13
FCFY11.65%
OCF(TTM)12.35
OCFY14.22%
SpS180.26
BVpS79.39
TBVpS30.11
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.11% | ||
| ROE | 5.28% | ||
| ROCE | 6.18% | ||
| ROIC | 4.61% | ||
| ROICexc | 5.07% | ||
| ROICexgc | 10.49% | ||
| OM | 3.55% | ||
| PM (TTM) | 2.32% | ||
| GM | 14.3% | ||
| FCFM | 5.62% |
ROA(3y)8.1%
ROA(5y)7.61%
ROE(3y)15.87%
ROE(5y)15.96%
ROIC(3y)11.53%
ROIC(5y)11.18%
ROICexc(3y)12.36%
ROICexc(5y)12.16%
ROICexgc(3y)26.95%
ROICexgc(5y)27.77%
ROCE(3y)15.37%
ROCE(5y)14.9%
ROICexcg growth 3Y-27.81%
ROICexcg growth 5Y-5.33%
ROICexc growth 3Y-25.87%
ROICexc growth 5Y-1.71%
OM growth 3Y-17.3%
OM growth 5Y-1.19%
PM growth 3Y-21%
PM growth 5Y9.28%
GM growth 3Y-2.05%
GM growth 5Y3.16%
F-Score7
Asset Turnover1.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 2.01 | ||
| Debt/EBITDA | 1.76 | ||
| Cap/Depr | 43.38% | ||
| Cap/Sales | 1.24% | ||
| Interest Coverage | 5.09 | ||
| Cash Conversion | 107.03% | ||
| Profit Quality | 241.75% | ||
| Current Ratio | 1.71 | ||
| Quick Ratio | 0.9 | ||
| Altman-Z | 3.47 |
F-Score7
WACC13.64%
ROIC/WACC0.34
Cap/Depr(3y)70.25%
Cap/Depr(5y)64.21%
Cap/Sales(3y)1.58%
Cap/Sales(5y)1.42%
Profit Quality(3y)141.79%
Profit Quality(5y)136.07%
High Growth Momentum
Growth
EPS 1Y (TTM)-19.03%
EPS 3Y-24.23%
EPS 5Y-0.5%
EPS Q2Q%18.78%
EPS Next Y-30.99%
EPS Next 2Y1.01%
EPS Next 3Y12.21%
EPS Next 5Y21.52%
Revenue 1Y (TTM)-6.42%
Revenue growth 3Y-6.58%
Revenue growth 5Y5.01%
Sales Q2Q%3.35%
Revenue Next Year-7.46%
Revenue Next 2Y-0.29%
Revenue Next 3Y3.19%
Revenue Next 5Y7.44%
EBIT growth 1Y-22.93%
EBIT growth 3Y-22.74%
EBIT growth 5Y3.77%
EBIT Next Year47.97%
EBIT Next 3Y28.16%
EBIT Next 5Y26.36%
FCF growth 1Y-10.92%
FCF growth 3Y0.69%
FCF growth 5Y1.45%
OCF growth 1Y-20.51%
OCF growth 3Y1.19%
OCF growth 5Y1.44%