THOR INDUSTRIES INC (THO) Stock Fundamental Analysis
USA - NYSE:THO - US8851601018 - Common Stock
104.53 USD
-1.88 (-1.77%)
104.53 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to THO. THO was compared to 37 industry peers in the Automobiles industry. Both the health and profitability get an excellent rating, making THO a very profitable company, without any liquidiy or solvency issues. THO has a correct valuation and a medium growth rate. These ratings would make THO suitable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year THO was profitable.
In the past year THO had a positive cash flow from operations.
In the past 5 years THO has always been profitable.
Each year in the past 5 years THO had a positive operating cash flow.
1.2 Ratios
The Return On Assets of THO (3.66%) is better than 89.19% of its industry peers.
Looking at the Return On Equity, with a value of 6.03%, THO belongs to the top of the industry, outperforming 81.08% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 5.12%, THO belongs to the top of the industry, outperforming 91.89% of the companies in the same industry.
THO had an Average Return On Invested Capital over the past 3 years of 6.72%. This is in line with the industry average of 5.68%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.66% | ||
| ROE | 6.03% | ||
| ROIC | 5.12% |
ROA(3y)4.2%
ROA(5y)7.57%
ROE(3y)7.32%
ROE(5y)15.24%
ROIC(3y)6.72%
ROIC(5y)11.6%
1.3 Margins
Looking at the Profit Margin, with a value of 2.70%, THO belongs to the top of the industry, outperforming 81.08% of the companies in the same industry.
THO's Profit Margin has been stable in the last couple of years.
The Operating Margin of THO (3.64%) is better than 81.08% of its industry peers.
In the last couple of years the Operating Margin of THO has declined.
With a decent Gross Margin value of 13.99%, THO is doing good in the industry, outperforming 62.16% of the companies in the same industry.
In the last couple of years the Gross Margin of THO has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.64% | ||
| PM (TTM) | 2.7% | ||
| GM | 13.99% |
OM growth 3Y-27.39%
OM growth 5Y-5.16%
PM growth 3Y-27.13%
PM growth 5Y-0.23%
GM growth 3Y-6.65%
GM growth 5Y0.44%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so THO is destroying value.
Compared to 1 year ago, THO has less shares outstanding
The number of shares outstanding for THO has been reduced compared to 5 years ago.
Compared to 1 year ago, THO has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.80 indicates that THO is not in any danger for bankruptcy at the moment.
THO has a better Altman-Z score (3.80) than 89.19% of its industry peers.
THO has a debt to FCF ratio of 2.17. This is a good value and a sign of high solvency as THO would need 2.17 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 2.17, THO belongs to the best of the industry, outperforming 89.19% of the companies in the same industry.
THO has a Debt/Equity ratio of 0.23. This is a healthy value indicating a solid balance between debt and equity.
THO has a better Debt to Equity ratio (0.23) than 81.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 2.17 | ||
| Altman-Z | 3.8 |
ROIC/WACC0.63
WACC8.16%
2.3 Liquidity
THO has a Current Ratio of 1.75. This is a normal value and indicates that THO is financially healthy and should not expect problems in meeting its short term obligations.
THO's Current ratio of 1.75 is fine compared to the rest of the industry. THO outperforms 75.68% of its industry peers.
A Quick Ratio of 0.90 indicates that THO may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.90, THO is in line with its industry, outperforming 56.76% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.75 | ||
| Quick Ratio | 0.9 |
3. Growth
3.1 Past
THO shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.83%.
Measured over the past years, THO shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.12% on average per year.
Looking at the last year, THO shows a decrease in Revenue. The Revenue has decreased by -4.62% in the last year.
Measured over the past years, THO shows a small growth in Revenue. The Revenue has been growing by 3.24% on average per year.
EPS 1Y (TTM)-5.83%
EPS 3Y-38.25%
EPS 5Y-0.12%
EPS Q2Q%40.48%
Revenue 1Y (TTM)-4.62%
Revenue growth 3Y-16.26%
Revenue growth 5Y3.24%
Sales Q2Q%-0.41%
3.2 Future
The Earnings Per Share is expected to grow by 23.52% on average over the next years. This is a very strong growth
THO is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.77% yearly.
EPS Next Y-10.57%
EPS Next 2Y10.21%
EPS Next 3Y14.67%
EPS Next 5Y23.52%
Revenue Next Year1.41%
Revenue Next 2Y3.66%
Revenue Next 3Y4.91%
Revenue Next 5Y8.77%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
THO is valuated rather expensively with a Price/Earnings ratio of 21.55.
Compared to the rest of the industry, the Price/Earnings ratio of THO indicates a rather cheap valuation: THO is cheaper than 86.49% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of THO to the average of the S&P500 Index (27.76), we can say THO is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 24.10, the valuation of THO can be described as rather expensive.
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.
The average S&P500 Price/Forward Earnings ratio is at 23.21. THO is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.55 | ||
| Fwd PE | 24.1 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, THO is valued cheaper than 86.49% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, THO is valued cheaper than 89.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.09 | ||
| EV/EBITDA | 9.58 |
4.3 Compensation for Growth
The decent profitability rating of THO may justify a higher PE ratio.
THO's earnings are expected to grow with 14.67% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y10.21%
EPS Next 3Y14.67%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.89%, THO has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.23, THO pays a better dividend. On top of this THO pays more dividend than 83.78% of the companies listed in the same industry.
THO's Dividend Yield is slightly below the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.89% |
5.2 History
The dividend of THO has a limited annual growth rate of 4.66%.
THO has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.66%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
THO pays out 41.05% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of THO is growing, but earnings are growing more, so the dividend growth is sustainable.
DP41.05%
EPS Next 2Y10.21%
EPS Next 3Y14.67%
104.53
-1.88 (-1.77%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners108.51%
Inst Owner Change0%
Ins Owners4.48%
Ins Owner Change-0.89%
Market Cap5.50B
Analysts66.67
Price Target107.61 (2.95%)
Short Float %6.64%
Short Ratio4.38
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.89% |
Yearly Dividend2.01
Dividend Growth(5Y)4.66%
DP41.05%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)64.65%
Min EPS beat(2)41.04%
Max EPS beat(2)88.26%
EPS beat(4)2
Avg EPS beat(4)-22.35%
Min EPS beat(4)-114.48%
Max EPS beat(4)88.26%
EPS beat(8)5
Avg EPS beat(8)-11.96%
EPS beat(12)8
Avg EPS beat(12)6.36%
EPS beat(16)12
Avg EPS beat(16)13.18%
Revenue beat(2)2
Avg Revenue beat(2)8.72%
Min Revenue beat(2)7.12%
Max Revenue beat(2)10.32%
Revenue beat(4)3
Avg Revenue beat(4)3.34%
Min Revenue beat(4)-5.35%
Max Revenue beat(4)10.32%
Revenue beat(8)5
Avg Revenue beat(8)1.52%
Revenue beat(12)8
Avg Revenue beat(12)2.15%
Revenue beat(16)12
Avg Revenue beat(16)3.75%
PT rev (1m)22.93%
PT rev (3m)24.52%
EPS NQ rev (1m)-53.32%
EPS NQ rev (3m)-67.69%
EPS NY rev (1m)-2.01%
EPS NY rev (3m)-8.15%
Revenue NQ rev (1m)-1.35%
Revenue NQ rev (3m)-1.72%
Revenue NY rev (1m)-1.95%
Revenue NY rev (3m)-2.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.55 | ||
| Fwd PE | 24.1 | ||
| P/S | 0.57 | ||
| P/FCF | 12.09 | ||
| P/OCF | 9.52 | ||
| P/B | 1.28 | ||
| P/tB | 3.26 | ||
| EV/EBITDA | 9.58 |
EPS(TTM)4.85
EY4.64%
EPS(NY)4.34
Fwd EY4.15%
FCF(TTM)8.64
FCFY8.27%
OCF(TTM)10.98
OCFY10.51%
SpS182.02
BVpS81.48
TBVpS32.08
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.66% | ||
| ROE | 6.03% | ||
| ROCE | 6.36% | ||
| ROIC | 5.12% | ||
| ROICexc | 5.72% | ||
| ROICexgc | 12.04% | ||
| OM | 3.64% | ||
| PM (TTM) | 2.7% | ||
| GM | 13.99% | ||
| FCFM | 4.75% |
ROA(3y)4.2%
ROA(5y)7.57%
ROE(3y)7.32%
ROE(5y)15.24%
ROIC(3y)6.72%
ROIC(5y)11.6%
ROICexc(3y)7.38%
ROICexc(5y)12.57%
ROICexgc(3y)15.82%
ROICexgc(5y)27.7%
ROCE(3y)8.35%
ROCE(5y)14.36%
ROICexcg growth 3Y-38.46%
ROICexcg growth 5Y-12.23%
ROICexc growth 3Y-37.57%
ROICexc growth 5Y-7.38%
OM growth 3Y-27.39%
OM growth 5Y-5.16%
PM growth 3Y-27.13%
PM growth 5Y-0.23%
GM growth 3Y-6.65%
GM growth 5Y0.44%
F-Score6
Asset Turnover1.36
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 2.17 | ||
| Debt/EBITDA | 1.58 | ||
| Cap/Depr | 45.35% | ||
| Cap/Sales | 1.28% | ||
| Interest Coverage | 5.94 | ||
| Cash Conversion | 93.27% | ||
| Profit Quality | 175.95% | ||
| Current Ratio | 1.75 | ||
| Quick Ratio | 0.9 | ||
| Altman-Z | 3.8 |
F-Score6
WACC8.16%
ROIC/WACC0.63
Cap/Depr(3y)56.97%
Cap/Depr(5y)62.4%
Cap/Sales(3y)1.52%
Cap/Sales(5y)1.42%
Profit Quality(3y)178.53%
Profit Quality(5y)132.32%
High Growth Momentum
Growth
EPS 1Y (TTM)-5.83%
EPS 3Y-38.25%
EPS 5Y-0.12%
EPS Q2Q%40.48%
EPS Next Y-10.57%
EPS Next 2Y10.21%
EPS Next 3Y14.67%
EPS Next 5Y23.52%
Revenue 1Y (TTM)-4.62%
Revenue growth 3Y-16.26%
Revenue growth 5Y3.24%
Sales Q2Q%-0.41%
Revenue Next Year1.41%
Revenue Next 2Y3.66%
Revenue Next 3Y4.91%
Revenue Next 5Y8.77%
EBIT growth 1Y-19.47%
EBIT growth 3Y-39.2%
EBIT growth 5Y-2.09%
EBIT Next Year111.82%
EBIT Next 3Y38.94%
EBIT Next 5Y33.97%
FCF growth 1Y12.08%
FCF growth 3Y-15.26%
FCF growth 5Y0.94%
OCF growth 1Y5.93%
OCF growth 3Y-16.43%
OCF growth 5Y1.33%