THOR INDUSTRIES INC (THO) Stock Fundamental Analysis
NYSE:THO - New York Stock Exchange, Inc. - US8851601018 - Common Stock - Currency: USD
THO gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 37 industry peers in the Automobiles industry. THO gets an excellent profitability rating and is at the same time showing great financial health properties. THO has a decent growth rate and is not valued too expensively.
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.
THO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 3.11%, THO belongs to the best of the industry, outperforming 86.49% of the companies in the same industry.
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.
Looking at the Return On Invested Capital, with a value of 4.61%, THO belongs to the top of the industry, outperforming 83.78% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for THO is above the industry average of 6.62%.
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
THO has a Profit Margin of 2.32%. This is in the better half of the industry: THO outperforms 72.97% of its industry peers.
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.
In the last couple of years the Operating Margin of THO has remained more or less at the same level.
The Gross Margin of THO (14.30%) is better than 62.16% of its industry peers.
In the last couple of years the Gross Margin of THO has grown nicely.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), THO is destroying value.
Compared to 1 year ago, THO has less shares outstanding
Compared to 5 years ago, THO has less shares outstanding
Compared to 1 year ago, THO has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.56 indicates that THO is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.56, THO belongs to the top of the industry, outperforming 89.19% of the companies in the same industry.
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.
THO has a Debt to Equity ratio of 0.26. This is in the better half of the industry: THO outperforms 78.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 2.01 | ||
| Altman-Z | 3.56 |
ROIC/WACC0.33
WACC13.78%
2.3 Liquidity
A Current Ratio of 1.71 indicates that THO should not have too much problems paying its short term obligations.
THO has a better Current ratio (1.71) than 70.27% of its industry peers.
A Quick Ratio of 0.90 indicates that THO may have some problems paying its short term obligations.
With a Quick ratio value of 0.90, THO perfoms like the industry average, outperforming 56.76% of the companies in the same industry.
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.
THO shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.50% yearly.
THO shows a decrease in Revenue. In the last year, the revenue decreased by -6.42%.
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
THO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.06% yearly.
The Revenue is expected to grow by 7.06% on average over the next years.
EPS Next Y-24.59%
EPS Next 2Y-4.24%
EPS Next 3Y7.13%
EPS Next 5Y21.06%
Revenue Next Year-6.01%
Revenue Next 2Y-1.1%
Revenue Next 3Y1.31%
Revenue Next 5Y7.06%
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 22.36 indicates a rather expensive valuation of THO.
Compared to the rest of the industry, the Price/Earnings ratio of THO indicates a rather cheap valuation: THO is cheaper than 83.78% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.30, THO is valued at the same level.
With a Price/Forward Earnings ratio of 19.74, THO is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of THO indicates a somewhat cheap valuation: THO is cheaper than 72.97% of the companies listed in the same industry.
THO is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 21.76, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.36 | ||
| Fwd PE | 19.74 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, THO is valued cheaper than 83.78% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of THO indicates a rather cheap valuation: THO is cheaper than 94.59% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.21 | ||
| EV/EBITDA | 9.03 |
4.3 Compensation for Growth
THO has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-4.24%
EPS Next 3Y7.13%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.16%, THO has a reasonable but not impressive dividend return.
THO's Dividend Yield is rather good when compared to the industry average which is at 3.71. THO pays more dividend than 83.78% of the companies in the same industry.
THO's Dividend Yield is comparable with the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.16% |
5.2 History
The dividend of THO has a limited annual growth rate of 4.27%.
THO has paid a dividend for at least 10 years, which is 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.
The dividend of THO is growing, but earnings are growing more, so the dividend growth is sustainable.
DP47.2%
EPS Next 2Y-4.24%
EPS Next 3Y7.13%
93.23
-1.38 (-1.46%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners105.83%
Inst Owner Change0%
Ins Owners4.51%
Ins Owner Change-0.88%
Market Cap4.96B
Analysts56.67
Price Target86.42 (-7.3%)
Short Float %10.26%
Short Ratio7.11
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.16% |
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)1.75%
PT rev (3m)-5.19%
EPS NQ rev (1m)-9.68%
EPS NQ rev (3m)-29.89%
EPS NY rev (1m)9.28%
EPS NY rev (3m)6.54%
Revenue NQ rev (1m)-0.46%
Revenue NQ rev (3m)-5.49%
Revenue NY rev (1m)1.56%
Revenue NY rev (3m)1.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.36 | ||
| Fwd PE | 19.74 | ||
| P/S | 0.52 | ||
| P/FCF | 9.21 | ||
| P/OCF | 7.55 | ||
| P/B | 1.17 | ||
| P/tB | 3.1 | ||
| EV/EBITDA | 9.03 |
EPS(TTM)4.17
EY4.47%
EPS(NY)4.72
Fwd EY5.07%
FCF(TTM)10.13
FCFY10.86%
OCF(TTM)12.35
OCFY13.25%
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 | 3.56 |
F-Score7
WACC13.78%
ROIC/WACC0.33
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-24.59%
EPS Next 2Y-4.24%
EPS Next 3Y7.13%
EPS Next 5Y21.06%
Revenue 1Y (TTM)-6.42%
Revenue growth 3Y-6.58%
Revenue growth 5Y5.01%
Sales Q2Q%3.35%
Revenue Next Year-6.01%
Revenue Next 2Y-1.1%
Revenue Next 3Y1.31%
Revenue Next 5Y7.06%
EBIT growth 1Y-22.93%
EBIT growth 3Y-22.74%
EBIT growth 5Y3.77%
EBIT Next Year47.97%
EBIT Next 3Y28.16%
EBIT Next 5Y25.93%
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%