WABASH NATIONAL CORP (WNC) Stock Fundamental Analysis
NYSE:WNC - New York Stock Exchange, Inc. - US9295661071 - Common Stock - Currency: USD
WNC gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals 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.
1. Profitability
1.1 Basic Checks
WNC had positive earnings in the past year.
In the past year WNC had a positive cash flow from operations.
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.
1.2 Ratios
WNC has a Return On Assets of -5.04%. This is in the lower half of the industry: WNC underperforms 74.22% of its industry peers.
The Return On Equity of WNC (-17.65%) is worse than 77.34% of its industry peers.
| Industry Rank | Sector 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
1.3 Margins
WNC has a Gross Margin of 11.46%. This is amonst the worse of the industry: WNC underperforms 87.50% of its industry peers.
WNC's Gross Margin has been stable in the last couple of years.
The Profit Margin and Operating Margin are not available for WNC so they could not be analyzed.
| Industry Rank | Sector 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%
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
WNC has an Altman-Z score of 1.91. 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 Altman-Z score of 1.91. This is in the lower half of the industry: WNC underperforms 71.09% 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.
With a Debt to FCF ratio value of 9.15, WNC is not doing good in the industry: 60.94% of the companies in the same industry are doing better.
A Debt/Equity ratio of 1.03 is on the high side and indicates that WNC has dependencies on debt financing.
WNC has a Debt to Equity ratio of 1.03. This is in the lower half of the industry: WNC underperforms 78.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.03 | ||
| Debt/FCF | 9.15 | ||
| Altman-Z | 1.91 |
ROIC/WACCN/A
WACC9.23%
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 Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.58 | ||
| Quick Ratio | 0.91 |
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.
Looking at the last year, WNC shows a very negative growth in Revenue. The Revenue has decreased by -25.44% in the last year.
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 quite strong growth in Earnings Per Share. The EPS will grow by 18.63% on average per year.
WNC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.24% yearly.
EPS Next Y-82.57%
EPS Next 2Y18.63%
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 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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 45.04, WNC can be considered very expensive at the moment.
WNC's Price/Earnings ratio is a bit more expensive when compared to the industry. WNC is more expensive than 68.75% of the companies in the same industry.
WNC's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.31.
Based on the Price/Forward Earnings ratio of 6.03, the valuation of WNC can be described as very cheap.
WNC's Price/Forward Earnings ratio is rather cheap when compared to the industry. WNC is cheaper than 96.88% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of WNC to the average of the S&P500 Index (22.13), we can say WNC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.04 | ||
| Fwd PE | 6.03 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of WNC indicates a rather cheap valuation: WNC is cheaper than 92.97% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.51 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A more expensive valuation may be justified as WNC's earnings are expected to grow with 18.63% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y18.63%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.09%, 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 1.91. WNC pays more dividend than 92.97% of the companies in the same industry.
WNC's Dividend Yield is a higher than the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.09% |
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
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.
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
10.36
+0.01 (+0.1%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners103.73%
Inst Owner Change-6.71%
Ins Owners3.63%
Ins Owner Change13.54%
Market Cap433.77M
Analysts76.67
Price Target11.99 (15.73%)
Short Float %5.48%
Short Ratio1.79
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.09% |
Yearly Dividend0.33
Dividend Growth(5Y)0.43%
DP-20.33%
Div Incr Years0
Div Non Decr Years5
Ex-Date
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)-302.68%
EPS NQ rev (3m)-302.68%
EPS NY rev (1m)-70.78%
EPS NY rev (3m)-75.1%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-16.9%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-8.84%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.04 | ||
| Fwd PE | 6.03 | ||
| P/S | 0.24 | ||
| P/FCF | 9.51 | ||
| P/OCF | 3.23 | ||
| P/B | 1.07 | ||
| P/tB | 3.2 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.23
EY2.22%
EPS(NY)1.72
Fwd EY16.57%
FCF(TTM)1.09
FCFY10.52%
OCF(TTM)3.21
OCFY30.99%
SpS43.29
BVpS9.65
TBVpS3.24
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 1.91 |
F-Score3
WACC9.23%
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 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%