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WABASH NATIONAL CORP (WNC) Stock Fundamental Analysis

NYSE:WNC - New York Stock Exchange, Inc. - US9295661071 - Common Stock - Currency: USD

8.93  -0.11 (-1.22%)

Fundamental Rating

3

Overall WNC gets a fundamental rating of 3 out of 10. We evaluated WNC against 128 industry peers in the Machinery industry. Both the profitability and financial health of WNC have multiple concerns. WNC is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

WNC had positive earnings in the past year.
WNC had a positive operating cash flow in the past year.
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.
WNC Yearly Net Income VS EBIT VS OCF VS FCFWNC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M

1.2 Ratios

WNC has a Return On Assets of -5.04%. This is in the lower half of the industry: WNC underperforms 73.44% of its industry peers.
The Return On Equity of WNC (-17.65%) is worse than 76.56% of its industry peers.
Industry RankSector Rank
ROA -5.04%
ROE -17.65%
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
WNC Yearly ROA, ROE, ROICWNC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100 -150

1.3 Margins

WNC has a worse Gross Margin (11.46%) than 86.72% of its industry peers.
WNC's Gross Margin has been stable in the last couple of years.
WNC does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 11.46%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y7.71%
GM growth 5Y0.61%
WNC Yearly Profit, Operating, Gross MarginsWNC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10

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3

2. Health

2.1 Basic Checks

WNC does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for WNC has been reduced compared to 1 year ago.
WNC has less shares outstanding than it did 5 years ago.
The debt/assets ratio for WNC has been reduced compared to a year ago.
WNC Yearly Shares OutstandingWNC Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
WNC Yearly Total Debt VS Total AssetsWNC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B

2.2 Solvency

WNC has an Altman-Z score of 1.88. This is not the best score and indicates that WNC is in the grey zone with still only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 1.88, WNC is not doing good in the industry: 69.53% of the companies in the same industry are doing better.
The Debt to FCF ratio of WNC is 9.15, which is on the high side as it means it would take WNC, 9.15 years of fcf income to pay off all of its debts.
WNC has a Debt to FCF ratio (9.15) which is in line with its industry peers.
WNC has a Debt/Equity ratio of 1.03. This is a high value indicating a heavy dependency on external financing.
WNC's Debt to Equity ratio of 1.03 is on the low side compared to the rest of the industry. WNC is outperformed by 77.34% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.03
Debt/FCF 9.15
Altman-Z 1.88
ROIC/WACCN/A
WACC9.48%
WNC Yearly LT Debt VS Equity VS FCFWNC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M

2.3 Liquidity

A Current Ratio of 1.58 indicates that WNC should not have too much problems paying its short term obligations.
WNC has a Current ratio of 1.58. This is in the lower half of the industry: WNC underperforms 71.88% of its industry peers.
A Quick Ratio of 0.91 indicates that WNC may have some problems paying its short term obligations.
WNC has a worse Quick ratio (0.91) than 67.19% of its industry peers.
Industry RankSector Rank
Current Ratio 1.58
Quick Ratio 0.91
WNC Yearly Current Assets VS Current LiabilitesWNC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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3

3. Growth

3.1 Past

WNC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -94.52%.
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.
The Revenue for WNC has decreased by -25.44% in the past year. This is quite bad
The Revenue has been decreasing by -3.44% on average over the past years.
EPS 1Y (TTM)-94.52%
EPS 3Y29.64%
EPS 5Y-5.63%
EPS Q2Q%-241.46%
Revenue 1Y (TTM)-25.44%
Revenue growth 3Y2.58%
Revenue growth 5Y-3.44%
Sales Q2Q%-26.08%

3.2 Future

WNC is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.63% yearly.
The Revenue is expected to grow by 3.01% on average over the next years.
EPS Next Y-82.57%
EPS Next 2Y18.63%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-8.56%
Revenue Next 2Y3.01%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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.
WNC Yearly Revenue VS EstimatesWNC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 500M 1B 1.5B 2B 2.5B
WNC Yearly EPS VS EstimatesWNC Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

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4

4. Valuation

4.1 Price/Earnings Ratio

WNC is valuated quite expensively with a Price/Earnings ratio of 38.83.
WNC's Price/Earnings ratio is a bit more expensive when compared to the industry. WNC is more expensive than 67.97% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.03, WNC is valued a bit more expensive.
A Price/Forward Earnings ratio of 5.20 indicates a rather cheap valuation of WNC.
Based on the Price/Forward Earnings ratio, WNC is valued cheaper than 97.66% of the companies in the same industry.
WNC is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.94, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 38.83
Fwd PE 5.2
WNC Price Earnings VS Forward Price EarningsWNC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

95.31% of the companies in the same industry are more expensive than WNC, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 8.28
EV/EBITDA N/A
WNC Per share dataWNC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

WNC's earnings are expected to grow with 18.63% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y18.63%
EPS Next 3YN/A

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5

5. Dividend

5.1 Amount

WNC has a Yearly Dividend Yield of 3.41%. Purely for dividend investing, there may be better candidates out there.
In the last 3 months the price of WNC has falen by -25.41%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
WNC's Dividend Yield is rather good when compared to the industry average which is at 1.83. WNC pays more dividend than 92.97% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.36, WNC pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 3.41%

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 last 3 years.
Dividend Growth(5Y)0.43%
Div Incr Years0
Div Non Decr Years4
WNC Yearly Dividends per shareWNC Yearly Dividends per shareYearly Dividends per share 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 0 0 0 0

5.3 Sustainability

WNC has negative earnings and hence a negative payout ratio. The dividend may be in danger.
WNC's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-20.33%
EPS Next 2Y18.63%
EPS Next 3YN/A
WNC Yearly Income VS Free CF VS DividendWNC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M -200M

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WABASH NATIONAL CORP

NYSE:WNC (5/22/2025, 10:34:42 AM)

8.93

-0.11 (-1.22%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)04-30 2025-04-30/bmo
Earnings (Next)07-22 2025-07-22/bmo
Inst Owners106.33%
Inst Owner Change-6.9%
Ins Owners3.13%
Ins Owner Change13.54%
Market Cap377.65M
Analysts76.67
Price Target11.99 (34.27%)
Short Float %5.19%
Short Ratio1.52
Dividend
Industry RankSector Rank
Dividend Yield 3.41%
Yearly Dividend0.33
Dividend Growth(5Y)0.43%
DP-20.33%
Div Incr Years0
Div Non Decr Years4
Ex-Date04-03 2025-04-03 (0.08)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-147.95%
Min EPS beat(2)-179.21%
Max EPS beat(2)-116.7%
EPS beat(4)1
Avg EPS beat(4)-75.21%
Min EPS beat(4)-179.21%
Max EPS beat(4)14.17%
EPS beat(8)4
Avg EPS beat(8)-33.01%
EPS beat(12)8
Avg EPS beat(12)-8.6%
EPS beat(16)11
Avg EPS beat(16)3.7%
Revenue beat(2)0
Avg Revenue beat(2)-4.02%
Min Revenue beat(2)-7.99%
Max Revenue beat(2)-0.06%
Revenue beat(4)0
Avg Revenue beat(4)-5.03%
Min Revenue beat(4)-8.34%
Max Revenue beat(4)-0.06%
Revenue beat(8)0
Avg Revenue beat(8)-5.51%
Revenue beat(12)2
Avg Revenue beat(12)-3.49%
Revenue beat(16)3
Avg Revenue beat(16)-2.58%
PT rev (1m)-30.88%
PT rev (3m)-42.68%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-70.78%
EPS NY rev (3m)-75.1%
Revenue NQ rev (1m)-16.9%
Revenue NQ rev (3m)-16.9%
Revenue NY rev (1m)-5.92%
Revenue NY rev (3m)-8.84%
Valuation
Industry RankSector Rank
PE 38.83
Fwd PE 5.2
P/S 0.21
P/FCF 8.28
P/OCF 2.81
P/B 0.94
P/tB 2.79
EV/EBITDA N/A
EPS(TTM)0.23
EY2.58%
EPS(NY)1.72
Fwd EY19.23%
FCF(TTM)1.08
FCFY12.08%
OCF(TTM)3.18
OCFY35.59%
SpS42.86
BVpS9.55
TBVpS3.2
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -5.04%
ROE -17.65%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 11.46%
FCFM 2.52%
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 Turnover1.28
Health
Industry RankSector Rank
Debt/Equity 1.03
Debt/FCF 9.15
Debt/EBITDA N/A
Cap/Depr 149.78%
Cap/Sales 4.9%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.58
Quick Ratio 0.91
Altman-Z 1.88
F-Score3
WACC9.48%
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)-94.52%
EPS 3Y29.64%
EPS 5Y-5.63%
EPS Q2Q%-241.46%
EPS Next Y-82.57%
EPS Next 2Y18.63%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-25.44%
Revenue growth 3Y2.58%
Revenue growth 5Y-3.44%
Sales Q2Q%-26.08%
Revenue Next Year-8.56%
Revenue Next 2Y3.01%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-125.98%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year28.35%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-69.5%
FCF growth 3YN/A
FCF growth 5Y-18.89%
OCF growth 1Y-41.08%
OCF growth 3YN/A
OCF growth 5Y-4.32%