WINNEBAGO INDUSTRIES (WGO) Stock Fundamental Analysis
NYSE:WGO - New York Stock Exchange, Inc. - US9746371007 - Common Stock - Currency: USD
Taking everything into account, WGO scores 6 out of 10 in our fundamental rating. WGO was compared to 37 industry peers in the Automobiles industry. WGO is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. A decent growth rate in combination with a cheap valuation! Better keep an eye on WGO. WGO also has an excellent dividend rating. These ratings could make WGO a good candidate for value and dividend investing.
1. Profitability
1.1 Basic Checks
WGO had positive earnings in the past year.
WGO had a positive operating cash flow in the past year.
Each year in the past 5 years WGO has been profitable.
WGO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
WGO has a better Return On Assets (-0.26%) than 70.27% of its industry peers.
WGO has a Return On Equity of -0.47%. This is in the better half of the industry: WGO outperforms 70.27% of its industry peers.
WGO's Return On Invested Capital of 2.73% is fine compared to the rest of the industry. WGO outperforms 72.97% of its industry peers.
WGO had an Average Return On Invested Capital over the past 3 years of 13.73%. This is significantly above the industry average of 6.67%.
The 3 year average ROIC (13.73%) for WGO is well above the current ROIC(2.73%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.26% | ||
| ROE | -0.47% | ||
| ROIC | 2.73% |
ROA(3y)8.53%
ROA(5y)8.57%
ROE(3y)15.91%
ROE(5y)16.36%
ROIC(3y)13.73%
ROIC(5y)13.49%
1.3 Margins
WGO's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 2.29%, WGO is doing good in the industry, outperforming 70.27% of the companies in the same industry.
WGO's Operating Margin has declined in the last couple of years.
WGO's Gross Margin of 13.52% is in line compared to the rest of the industry. WGO outperforms 59.46% of its industry peers.
WGO's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.29% | ||
| PM (TTM) | N/A | ||
| GM | 13.52% |
OM growth 3Y-26.59%
OM growth 5Y-11.13%
PM growth 3Y-61.67%
PM growth 5Y-40.02%
GM growth 3Y-6.64%
GM growth 5Y-1.29%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so WGO is still creating some value.
WGO has less shares outstanding than it did 1 year ago.
The number of shares outstanding for WGO has been reduced compared to 5 years ago.
WGO has a worse debt/assets ratio than last year.
2.2 Solvency
WGO has an Altman-Z score of 3.25. This indicates that WGO is financially healthy and has little risk of bankruptcy at the moment.
WGO's Altman-Z score of 3.25 is amongst the best of the industry. WGO outperforms 86.49% of its industry peers.
WGO has a debt to FCF ratio of 8.28. This is a slightly negative value and a sign of low solvency as WGO would need 8.28 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 8.28, WGO belongs to the best of the industry, outperforming 83.78% of the companies in the same industry.
A Debt/Equity ratio of 0.44 indicates that WGO is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.44, WGO is in the better half of the industry, outperforming 70.27% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 8.28 | ||
| Altman-Z | 3.25 |
ROIC/WACC0.26
WACC10.69%
2.3 Liquidity
A Current Ratio of 2.17 indicates that WGO has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.17, WGO belongs to the top of the industry, outperforming 81.08% of the companies in the same industry.
WGO has a Quick Ratio of 2.17. This is a bad value and indicates that WGO is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of WGO (0.94) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.17 | ||
| Quick Ratio | 0.94 |
3. Growth
3.1 Past
The earnings per share for WGO have decreased strongly by -72.50% in the last year.
Measured over the past years, WGO shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.86% on average per year.
WGO shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -12.29%.
Measured over the past years, WGO shows a quite strong growth in Revenue. The Revenue has been growing by 8.41% on average per year.
EPS 1Y (TTM)-72.5%
EPS 3Y-26.43%
EPS 5Y-0.86%
EPS Q2Q%-79.57%
Revenue 1Y (TTM)-12.29%
Revenue growth 3Y-6.43%
Revenue growth 5Y8.41%
Sales Q2Q%-11.85%
3.2 Future
Based on estimates for the next years, WGO will show a very strong growth in Earnings Per Share. The EPS will grow by 23.65% on average per year.
The Revenue is expected to grow by 5.43% on average over the next years.
EPS Next Y-14.88%
EPS Next 2Y10.89%
EPS Next 3Y25.07%
EPS Next 5Y23.65%
Revenue Next Year-4.03%
Revenue Next 2Y2.27%
Revenue Next 3Y3.7%
Revenue Next 5Y5.43%
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 20.08, which indicates a rather expensive current valuation of WGO.
Compared to the rest of the industry, the Price/Earnings ratio of WGO indicates a rather cheap valuation: WGO is cheaper than 83.78% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.31, WGO is valued a bit cheaper.
With a Price/Forward Earnings ratio of 7.54, the valuation of WGO can be described as very cheap.
Based on the Price/Forward Earnings ratio, WGO is valued cheaper than 83.78% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of WGO to the average of the S&P500 Index (22.13), we can say WGO is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.08 | ||
| Fwd PE | 7.54 |
4.2 Price Multiples
WGO's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. WGO is cheaper than 78.38% of the companies in the same industry.
91.89% of the companies in the same industry are more expensive than WGO, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.22 | ||
| EV/EBITDA | 11.35 |
4.3 Compensation for Growth
The decent profitability rating of WGO may justify a higher PE ratio.
WGO's earnings are expected to grow with 25.07% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y10.89%
EPS Next 3Y25.07%
5. Dividend
5.1 Amount
WGO has a Yearly Dividend Yield of 4.13%, which is a nice return.
WGO's Dividend Yield is rather good when compared to the industry average which is at 3.76. WGO pays more dividend than 91.89% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.39, WGO pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.13% |
5.2 History
The dividend of WGO is nicely growing with an annual growth rate of 23.63%!
WGO has paid a dividend for at least 10 years, which is a reliable track record.
WGO has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)23.63%
Div Incr Years6
Div Non Decr Years10
5.3 Sustainability
The earnings of WGO are negative and hence is the payout ratio. WGO will probably not be able to sustain this dividend level.
WGO's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP-664.91%
EPS Next 2Y10.89%
EPS Next 3Y25.07%
31.52
-1.41 (-4.28%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners113.17%
Inst Owner Change-4.05%
Ins Owners3.56%
Ins Owner Change0.47%
Market Cap883.51M
Analysts75.56
Price Target47.29 (50.03%)
Short Float %13.27%
Short Ratio4.5
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.13% |
Yearly Dividend1.26
Dividend Growth(5Y)23.63%
DP-664.91%
Div Incr Years6
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-35.28%
Min EPS beat(2)-114.83%
Max EPS beat(2)44.27%
EPS beat(4)1
Avg EPS beat(4)-38.68%
Min EPS beat(4)-114.83%
Max EPS beat(4)44.27%
EPS beat(8)4
Avg EPS beat(8)-15.42%
EPS beat(12)8
Avg EPS beat(12)-1.29%
EPS beat(16)12
Avg EPS beat(16)5.75%
Revenue beat(2)0
Avg Revenue beat(2)-4.14%
Min Revenue beat(2)-7.86%
Max Revenue beat(2)-0.42%
Revenue beat(4)0
Avg Revenue beat(4)-2.93%
Min Revenue beat(4)-7.86%
Max Revenue beat(4)-0.42%
Revenue beat(8)1
Avg Revenue beat(8)-2.25%
Revenue beat(12)5
Avg Revenue beat(12)1.89%
Revenue beat(16)9
Avg Revenue beat(16)3.79%
PT rev (1m)0%
PT rev (3m)-24.33%
EPS NQ rev (1m)-10.53%
EPS NQ rev (3m)-24%
EPS NY rev (1m)-0.62%
EPS NY rev (3m)-12.84%
Revenue NQ rev (1m)-1.15%
Revenue NQ rev (3m)-6.97%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.08 | ||
| Fwd PE | 7.54 | ||
| P/S | 0.32 | ||
| P/FCF | 12.22 | ||
| P/OCF | 7.83 | ||
| P/B | 0.73 | ||
| P/tB | 3.34 | ||
| EV/EBITDA | 11.35 |
EPS(TTM)1.57
EY4.98%
EPS(NY)4.18
Fwd EY13.26%
FCF(TTM)2.58
FCFY8.18%
OCF(TTM)4.03
OCFY12.78%
SpS98.21
BVpS43.39
TBVpS9.43
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.26% | ||
| ROE | -0.47% | ||
| ROCE | 3.46% | ||
| ROIC | 2.73% | ||
| ROICexc | 2.91% | ||
| ROICexgc | 6.6% | ||
| OM | 2.29% | ||
| PM (TTM) | N/A | ||
| GM | 13.52% | ||
| FCFM | 2.63% |
ROA(3y)8.53%
ROA(5y)8.57%
ROE(3y)15.91%
ROE(5y)16.36%
ROIC(3y)13.73%
ROIC(5y)13.49%
ROICexc(3y)16.2%
ROICexc(5y)16.7%
ROICexgc(3y)39.6%
ROICexgc(5y)42.33%
ROCE(3y)17.39%
ROCE(5y)17.07%
ROICexcg growth 3Y-38.91%
ROICexcg growth 5Y-16.35%
ROICexc growth 3Y-37.86%
ROICexc growth 5Y-15.23%
OM growth 3Y-26.59%
OM growth 5Y-11.13%
PM growth 3Y-61.67%
PM growth 5Y-40.02%
GM growth 3Y-6.64%
GM growth 5Y-1.29%
F-Score4
Asset Turnover1.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 8.28 | ||
| Debt/EBITDA | 4.35 | ||
| Cap/Depr | 66.56% | ||
| Cap/Sales | 1.47% | ||
| Interest Coverage | 1.94 | ||
| Cash Conversion | 91.12% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.17 | ||
| Quick Ratio | 0.94 | ||
| Altman-Z | 3.25 |
F-Score4
WACC10.69%
ROIC/WACC0.26
Cap/Depr(3y)139.38%
Cap/Depr(5y)128.21%
Cap/Sales(3y)1.89%
Cap/Sales(5y)1.66%
Profit Quality(3y)312.89%
Profit Quality(5y)278.91%
High Growth Momentum
Growth
EPS 1Y (TTM)-72.5%
EPS 3Y-26.43%
EPS 5Y-0.86%
EPS Q2Q%-79.57%
EPS Next Y-14.88%
EPS Next 2Y10.89%
EPS Next 3Y25.07%
EPS Next 5Y23.65%
Revenue 1Y (TTM)-12.29%
Revenue growth 3Y-6.43%
Revenue growth 5Y8.41%
Sales Q2Q%-11.85%
Revenue Next Year-4.03%
Revenue Next 2Y2.27%
Revenue Next 3Y3.7%
Revenue Next 5Y5.43%
EBIT growth 1Y-70.4%
EBIT growth 3Y-31.31%
EBIT growth 5Y-3.65%
EBIT Next Year5.81%
EBIT Next 3Y23.28%
EBIT Next 5Y19.38%
FCF growth 1Y-73.93%
FCF growth 3Y-19.89%
FCF growth 5Y1.26%
OCF growth 1Y-69.59%
OCF growth 3Y-15.36%
OCF growth 5Y1.47%