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WABASH NATIONAL CORP (WNC) Stock Fundamental Analysis

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

11.49  +0.01 (+0.09%)

After market: 11.49 0 (0%)

Fundamental Rating

2

Overall WNC gets a fundamental rating of 2 out of 10. We evaluated WNC against 128 industry peers in the Machinery industry. WNC may be in some trouble as it scores bad on both profitability and health. 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.
In multiple years WNC reported negative net income over the last 5 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

With a Return On Assets value of -5.04%, WNC is not doing good in the industry: 74.22% of the companies in the same industry are doing better.
Looking at the Return On Equity, with a value of -17.65%, WNC is doing worse than 77.34% of the companies in the same industry.
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

The Gross Margin of WNC (11.46%) is worse than 87.50% 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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2

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.
The number of shares outstanding for WNC has been reduced compared to 5 years ago.
WNC has a better debt/assets ratio than last year.
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 1.94. 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.
WNC has a worse Altman-Z score (1.94) than 68.75% of its industry peers.
WNC has a debt to FCF ratio of 9.15. This is a negative value and a sign of low solvency as WNC would need 9.15 years to pay back of all of its debts.
The Debt to FCF ratio of WNC (9.15) is worse than 60.94% of its industry peers.
WNC has a Debt/Equity ratio of 1.03. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.03, WNC is not doing good in the industry: 78.13% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.03
Debt/FCF 9.15
Altman-Z 1.94
ROIC/WACCN/A
WACC9.07%
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

WNC has a Current Ratio of 1.58. This is a normal value and indicates that WNC is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.58, WNC is doing worse than 72.66% of the companies in the same industry.
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 67.97% 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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1

3. Growth

3.1 Past

The earnings per share for WNC have decreased strongly by -94.52% in the last year.
The Earnings Per Share has been decreasing by -5.63% on average over the past years.
WNC shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -25.44%.
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)-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

Based on estimates for the next years, WNC will show a decrease in Earnings Per Share. The EPS will decrease by -8.45% on average per year.
The Revenue is expected to grow by 4.24% on average over the next years.
EPS Next Y-150.29%
EPS Next 2Y-8.45%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-8.56%
Revenue Next 2Y4.24%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less 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 0 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 49.96.
Compared to the rest of the industry, the Price/Earnings ratio of WNC indicates a slightly more expensive valuation: WNC is more expensive than 67.97% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of WNC to the average of the S&P500 Index (27.45), we can say WNC is valued expensively.
A Price/Forward Earnings ratio of 11.24 indicates a reasonable valuation of WNC.
Based on the Price/Forward Earnings ratio, WNC is valued cheaper than 89.06% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.90. WNC is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 49.96
Fwd PE 11.24
WNC Price Earnings VS Forward Price EarningsWNC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, WNC is valued cheaply inside the industry as 92.19% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 10.55
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 decrease with -8.45% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-8.45%
EPS Next 3YN/A

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5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.79%, WNC has a reasonable but not impressive dividend return.
WNC's Dividend Yield is rather good when compared to the industry average which is at 1.87. WNC pays more dividend than 90.63% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.42, WNC has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.79%

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.
As WNC did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)0.43%
Div Incr Years0
Div Non Decr Years5
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

The earnings of WNC are negative and hence is the payout ratio. WNC will probably not be able to sustain this dividend level.
DP-20.33%
EPS Next 2Y-8.45%
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 (7/3/2025, 8:17:49 PM)

After market: 11.49 0 (0%)

11.49

+0.01 (+0.09%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)04-30 2025-04-30/bmo
Earnings (Next)07-23 2025-07-23/bmo
Inst Owners103.73%
Inst Owner Change-6.71%
Ins Owners3.63%
Ins Owner Change13.54%
Market Cap481.09M
Analysts76.67
Price Target11.99 (4.35%)
Short Float %6.94%
Short Ratio3.28
Dividend
Industry RankSector Rank
Dividend Yield 2.79%
Yearly Dividend0.33
Dividend Growth(5Y)0.43%
DP-20.33%
Div Incr Years0
Div Non Decr Years5
Ex-Date07-03 2025-07-03 (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)0%
PT rev (3m)-36.49%
EPS NQ rev (1m)-276.4%
EPS NQ rev (3m)-302.68%
EPS NY rev (1m)-388.6%
EPS NY rev (3m)-184.32%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-16.9%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-8.84%
Valuation
Industry RankSector Rank
PE 49.96
Fwd PE 11.24
P/S 0.27
P/FCF 10.55
P/OCF 3.58
P/B 1.19
P/tB 3.55
EV/EBITDA N/A
EPS(TTM)0.23
EY2%
EPS(NY)1.02
Fwd EY8.9%
FCF(TTM)1.09
FCFY9.48%
OCF(TTM)3.21
OCFY27.94%
SpS43.29
BVpS9.65
TBVpS3.24
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 1.94
F-Score3
WACC9.07%
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-150.29%
EPS Next 2Y-8.45%
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 2Y4.24%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-125.98%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year21.13%
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%