THOR INDUSTRIES INC (THO)
US8851601018 - Common Stock
We assign a fundamental rating of 6 out of 10 to THO. THO was compared to 39 industry peers in the Automobiles industry. THO has an excellent profitability rating, but there are some minor concerns on its financial health. THO is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
THO had positive earnings in the past year.
THO had a positive operating cash flow in the past year.
THO had positive earnings in each of the past 5 years.
Each year in the past 5 years THO had a positive operating cash flow.
1.2 Ratios
THO's Return On Assets of 3.76% is fine compared to the rest of the industry. THO outperforms 78.95% of its industry peers.
THO has a better Return On Equity (6.90%) than 71.05% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.20%, THO belongs to the top of the industry, outperforming 81.58% 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 9.76%.
The last Return On Invested Capital (6.20%) for THO is well below the 3 year average (14.58%), which needs to be investigated, but indicates that THO had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.76% | ||
| ROE | 6.9% | ||
| ROIC | 6.2% |
ROA(3y)10.14%
ROA(5y)7.33%
ROE(3y)21.22%
ROE(5y)15.93%
ROIC(3y)14.58%
ROIC(5y)11.42%
1.3 Margins
THO has a Profit Margin of 2.62%. This is in the better half of the industry: THO outperforms 73.68% of its industry peers.
THO's Profit Margin has declined in the last couple of years.
The Operating Margin of THO (4.43%) is better than 73.68% of its industry peers.
In the last couple of years the Operating Margin of THO has declined.
THO's Gross Margin of 14.03% is fine compared to the rest of the industry. THO outperforms 63.16% of its industry peers.
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 | 4.43% | ||
| PM (TTM) | 2.62% | ||
| GM | 14.03% |
OM growth 3Y4.22%
OM growth 5Y-6.81%
PM growth 3Y7.22%
PM growth 5Y-8.21%
GM growth 3Y1.59%
GM growth 5Y0.52%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), THO is creating some value.
THO has less shares outstanding than it did 1 year ago.
THO has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, THO has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.64 indicates that THO is not in any danger for bankruptcy at the moment.
THO has a better Altman-Z score (3.64) than 76.32% of its industry peers.
The Debt to FCF ratio of THO is 2.61, which is a good value as it means it would take THO, 2.61 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of THO (2.61) is better than 94.74% of its industry peers.
A Debt/Equity ratio of 0.37 indicates that THO is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.37, THO is in line with its industry, outperforming 50.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 2.61 | ||
| Altman-Z | 3.64 |
ROIC/WACC0.51
WACC12.12%
2.3 Liquidity
A Current Ratio of 1.75 indicates that THO should not have too much problems paying its short term obligations.
THO has a better Current ratio (1.75) than 65.79% of its industry peers.
THO has a Quick Ratio of 1.75. This is a bad value and indicates that THO is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of THO (0.65) is worse than 71.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.75 | ||
| Quick Ratio | 0.65 |
3. Growth
3.1 Past
THO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -63.72%.
The Earnings Per Share has been decreasing by -4.06% on average over the past years.
THO shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -25.54%.
Measured over the past years, THO shows a small growth in Revenue. The Revenue has been growing by 5.95% on average per year.
EPS 1Y (TTM)-63.72%
EPS 3Y12.51%
EPS 5Y-4.06%
EPS growth Q2Q-30%
Revenue 1Y (TTM)-25.54%
Revenue growth 3Y10.84%
Revenue growth 5Y5.95%
Revenue growth Q2Q-5.93%
3.2 Future
THO is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.41% yearly.
THO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.37% yearly.
EPS Next Y-23.86%
EPS Next 2Y6.97%
EPS Next 3Y10.88%
EPS Next 5Y17.41%
Revenue Next Year-5.47%
Revenue Next 2Y1.22%
Revenue Next 3Y2.84%
Revenue Next 5Y7.37%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
THO is valuated rather expensively with a Price/Earnings ratio of 19.61.
THO's Price/Earnings ratio is a bit cheaper when compared to the industry. THO is cheaper than 73.68% of the companies in the same industry.
When comparing the Price/Earnings ratio of THO to the average of the S&P500 Index (25.34), we can say THO is valued slightly cheaper.
The Price/Forward Earnings ratio is 12.97, which indicates a correct valuation of THO.
Based on the Price/Forward Earnings ratio, THO is valued a bit cheaper than 78.95% of the companies in the same industry.
THO's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.78.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.61 | ||
| Fwd PE | 12.97 |
4.2 Price Multiples
89.47% of the companies in the same industry are more expensive than THO, based on the Enterprise Value to EBITDA ratio.
92.11% of the companies in the same industry are more expensive than THO, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.72 | ||
| EV/EBITDA | 8.91 |
4.3 Compensation for Growth
The decent profitability rating of THO may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y6.97%
EPS Next 3Y10.88%
5. Dividend
5.1 Amount
THO has a Yearly Dividend Yield of 1.82%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.75, THO pays a better dividend. On top of this THO pays more dividend than 89.47% of the companies listed in the same industry.
Compared to the average S&P500 Dividend Yield of 2.39, THO is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.82% |
5.2 History
The dividend of THO has a limited annual growth rate of 3.90%.
THO has been paying a dividend for at least 10 years, so it has a reliable track record.
As THO did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)3.9%
Div Incr Years9
Div Non Decr Years9
5.3 Sustainability
36.40% of the earnings are spent on dividend by THO. This is a low number and sustainable payout ratio.
THO's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP36.4%
EPS Next 2Y6.97%
EPS Next 3Y10.88%
THOR INDUSTRIES INC
NYSE:THO (4/12/2024, 7:21:20 PM)
After market: 103.14 0 (0%)103.14
-2.24 (-2.13%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap5.50B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.82% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.61 | ||
| Fwd PE | 12.97 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.76% | ||
| ROE | 6.9% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 4.43% | ||
| PM (TTM) | 2.62% | ||
| GM | 14.03% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.44
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.75 | ||
| Quick Ratio | 0.65 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-63.72%
EPS 3Y12.51%
EPS 5Y
EPS growth Q2Q
EPS Next Y-23.86%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-25.54%
Revenue growth 3Y10.84%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y