WABASH NATIONAL CORP (WNC) Stock Fundamental Analysis
NYSE:WNC - US9295661071 - Common Stock
11.24 USD
+0.07 (+0.63%)
11.2 USD
-0.04 (-0.36%)
We assign a fundamental rating of 2 out of 10 to WNC. WNC was compared to 127 industry peers in the Machinery industry. Both the profitability and financial health of WNC have multiple concerns. WNC does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year WNC has reported negative net income.
In the past year WNC had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: WNC reported negative net income in multiple years.
WNC had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
WNC has a worse Return On Assets (-7.98%) than 77.17% of its industry peers.
With a Return On Equity value of -28.51%, WNC is not doing good in the industry: 80.31% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -7.98% | ||
| ROE | -28.51% | ||
| ROIC | N/A |
ROA(3y)2.06%
ROA(5y)-0.42%
ROE(3y)-26.71%
ROE(5y)-20.76%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Gross Margin of WNC (9.26%) is worse than 89.76% of its industry peers.
In the last couple of years the Gross Margin of WNC has remained more or less at the same level.
WNC does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 9.26% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y7.71%
GM growth 5Y0.61%
2. Health
2.1 Basic Checks
WNC does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, WNC has less shares outstanding
WNC has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, WNC has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.79, we must say that WNC is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.79, WNC is doing worse than 70.87% of the companies in the same industry.
The Debt to FCF ratio of WNC is 15.14, which is on the high side as it means it would take WNC, 15.14 years of fcf income to pay off all of its debts.
WNC has a worse Debt to FCF ratio (15.14) than 68.50% of its industry peers.
A Debt/Equity ratio of 1.14 is on the high side and indicates that WNC has dependencies on debt financing.
WNC's Debt to Equity ratio of 1.14 is on the low side compared to the rest of the industry. WNC is outperformed by 80.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.14 | ||
| Debt/FCF | 15.14 | ||
| Altman-Z | 1.79 |
ROIC/WACCN/A
WACC9.11%
2.3 Liquidity
A Current Ratio of 1.68 indicates that WNC should not have too much problems paying its short term obligations.
WNC's Current ratio of 1.68 is on the low side compared to the rest of the industry. WNC is outperformed by 62.20% of its industry peers.
WNC has a Quick Ratio of 1.68. This is a bad value and indicates that WNC is not financially healthy enough and could expect problems in meeting its short term obligations.
WNC has a worse Quick ratio (1.00) than 62.99% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.68 | ||
| Quick Ratio | 1 |
3. Growth
3.1 Past
The earnings per share for WNC have decreased strongly by -116.97% in the last year.
Measured over the past years, WNC shows a decrease in Earnings Per Share. The EPS has been decreasing by -5.63% on average per year.
WNC shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -25.02%.
Measured over the past years, WNC shows a decrease in Revenue. The Revenue has been decreasing by -3.44% on average per year.
EPS 1Y (TTM)-116.97%
EPS 3Y29.64%
EPS 5Y-5.63%
EPS Q2Q%-123.44%
Revenue 1Y (TTM)-25.02%
Revenue growth 3Y2.58%
Revenue growth 5Y-3.44%
Sales Q2Q%-16.67%
3.2 Future
WNC is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -21.20% yearly.
The Revenue is expected to decrease by -1.20% on average over the next years.
EPS Next Y-201.83%
EPS Next 2Y-21.2%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-17.32%
Revenue Next 2Y-1.2%
Revenue Next 3YN/A
Revenue Next 5YN/A
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 decreasing.
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
WNC reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
WNC is valuated correctly with a Price/Forward Earnings ratio of 14.84.
77.17% of the companies in the same industry are more expensive than WNC, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of WNC to the average of the S&P500 Index (22.67), we can say WNC is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 14.84 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, WNC is valued a bit cheaper than the industry average as 79.53% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.92 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
WNC's earnings are expected to decrease with -21.20% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-21.2%
EPS Next 3YN/A
5. Dividend
5.1 Amount
WNC has a Yearly Dividend Yield of 3.32%. Purely for dividend investing, there may be better candidates out there.
WNC's Dividend Yield is rather good when compared to the industry average which is at 1.87. WNC pays more dividend than 92.13% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, WNC pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.32% |
5.2 History
The dividend of WNC has a limited annual growth rate of 0.43%.
WNC has been paying a dividend for at least 10 years, so it has a reliable track record.
WNC has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)0.43%
Div Incr Years0
Div Non Decr Years5
5.3 Sustainability
The earnings of WNC are negative and hence is the payout ratio. WNC will probably not be able to sustain this dividend level.
DP-12.98%
EPS Next 2Y-21.2%
EPS Next 3YN/A
11.24
+0.07 (+0.63%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners110.78%
Inst Owner Change-2.78%
Ins Owners3.71%
Ins Owner Change3.43%
Market Cap460.17M
Analysts76.67
Price Target13.01 (15.75%)
Short Float %4.53%
Short Ratio2.3
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.32% |
Yearly Dividend0.33
Dividend Growth(5Y)0.43%
DP-12.98%
Div Incr Years0
Div Non Decr Years5
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-30.65%
Min EPS beat(2)-116.7%
Max EPS beat(2)55.4%
EPS beat(4)1
Avg EPS beat(4)-64.9%
Min EPS beat(4)-179.21%
Max EPS beat(4)55.4%
EPS beat(8)4
Avg EPS beat(8)-28.08%
EPS beat(12)8
Avg EPS beat(12)-4.28%
EPS beat(16)11
Avg EPS beat(16)2.21%
Revenue beat(2)1
Avg Revenue beat(2)-1.63%
Min Revenue beat(2)-7.99%
Max Revenue beat(2)4.73%
Revenue beat(4)1
Avg Revenue beat(4)-1.77%
Min Revenue beat(4)-7.99%
Max Revenue beat(4)4.73%
Revenue beat(8)1
Avg Revenue beat(8)-3.9%
Revenue beat(12)2
Avg Revenue beat(12)-3.55%
Revenue beat(16)4
Avg Revenue beat(16)-2.11%
PT rev (1m)0%
PT rev (3m)8.51%
EPS NQ rev (1m)-879.59%
EPS NQ rev (3m)-152.8%
EPS NY rev (1m)-102.47%
EPS NY rev (3m)-684.32%
Revenue NQ rev (1m)-14.34%
Revenue NQ rev (3m)-24.65%
Revenue NY rev (1m)-9.58%
Revenue NY rev (3m)-9.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 14.84 | ||
| P/S | 0.27 | ||
| P/FCF | 15.92 | ||
| P/OCF | 4.28 | ||
| P/B | 1.19 | ||
| P/tB | 3.84 | ||
| EV/EBITDA | N/A |
EPS(TTM)-0.56
EYN/A
EPS(NY)0.76
Fwd EY6.74%
FCF(TTM)0.71
FCFY6.28%
OCF(TTM)2.63
OCFY23.37%
SpS42.03
BVpS9.41
TBVpS2.92
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -7.98% | ||
| ROE | -28.51% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 9.26% | ||
| FCFM | 1.68% |
ROA(3y)2.06%
ROA(5y)-0.42%
ROE(3y)-26.71%
ROE(5y)-20.76%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y7.71%
GM growth 5Y0.61%
F-Score3
Asset Turnover1.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.14 | ||
| Debt/FCF | 15.14 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 131.91% | ||
| Cap/Sales | 4.57% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.68 | ||
| Quick Ratio | 1 | ||
| Altman-Z | 1.79 |
F-Score3
WACC9.11%
ROIC/WACCN/A
Cap/Depr(3y)163.11%
Cap/Depr(5y)126.37%
Cap/Sales(3y)3.48%
Cap/Sales(5y)2.9%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-116.97%
EPS 3Y29.64%
EPS 5Y-5.63%
EPS Q2Q%-123.44%
EPS Next Y-201.83%
EPS Next 2Y-21.2%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-25.02%
Revenue growth 3Y2.58%
Revenue growth 5Y-3.44%
Sales Q2Q%-16.67%
Revenue Next Year-17.32%
Revenue Next 2Y-1.2%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-156.31%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-58.66%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-69.25%
FCF growth 3YN/A
FCF growth 5Y-18.89%
OCF growth 1Y-42.71%
OCF growth 3YN/A
OCF growth 5Y-4.32%