Analyzing NYSE:THO's Dividend Potential.

Our stock screener has spotted THOR INDUSTRIES INC (NYSE:THO) as a good dividend stock with solid fundamentals. NYSE:THO shows decent health and profitability. At the same time it gives a good and sustainable dividend. We'll dive into each aspect below.

How We Gauge Dividend for NYSE:THO

An integral part of ChartMill's stock analysis is the Dividend Rating, which spans from 0 to 10. This rating evaluates diverse dividend factors, including yield, historical data, growth, and sustainability. NYSE:THO has received a 7 out of 10:

• THO's Dividend Yield is rather good when compared to the industry average which is at 3.87. THO pays more dividend than 85.00% of the companies in the same industry.
• THO has paid a dividend for at least 10 years, which is a reliable track record.
• THO has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
• The dividend of THO is growing, but earnings are growing more, so the dividend growth is sustainable.

A Closer Look at Health for NYSE:THO

ChartMill assigns a Health Rating to every stock. This score ranges from 0 to 10 and evaluates the different health aspects like liquidity and solvency, both absolutely, but also relative to the industry peers. NYSE:THO scores a 7 out of 10:

• THO has an Altman-Z score of 3.68. This indicates that THO is financially healthy and has little risk of bankruptcy at the moment.
• THO has a Altman-Z score of 3.68. This is amongst the best in the industry. THO outperforms 87.50% of its industry peers.
• The Debt to FCF ratio of THO is 2.95, which is a good value as it means it would take THO, 2.95 years of fcf income to pay off all of its debts.
• With an excellent Debt to FCF ratio value of 2.95, THO belongs to the best of the industry, outperforming 92.50% of the companies in the same industry.
• THO has a Debt/Equity ratio of 0.28. This is a healthy value indicating a solid balance between debt and equity.
• THO has a better Debt to Equity ratio (0.28) than 62.50% of its industry peers.
• With a decent Current ratio value of 1.71, THO is doing good in the industry, outperforming 62.50% of the companies in the same industry.

Profitability Assessment of NYSE:THO

ChartMill utilizes a Profitability Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of profitability ratios and margins, both in absolute terms and in comparison to industry peers. NYSE:THO has earned a 7 out of 10:

• THO has a Return On Assets of 3.05%. This is in the better half of the industry: THO outperforms 77.50% of its industry peers.
• THO has a Return On Equity of 5.18%. This is in the better half of the industry: THO outperforms 72.50% of its industry peers.
• The Return On Invested Capital of THO (4.98%) is better than 75.00% of its industry peers.
• The Average Return On Invested Capital over the past 3 years for THO is above the industry average of 9.39%.
• The 3 year average ROIC (11.53%) for THO is well above the current ROIC(4.98%). The reason for the recent decline needs to be investigated.
• THO has a Profit Margin of 2.17%. This is in the better half of the industry: THO outperforms 75.00% of its industry peers.
• In the last couple of years the Profit Margin of THO has grown nicely.
• THO has a Operating Margin of 3.72%. This is in the better half of the industry: THO outperforms 77.50% of its industry peers.
• THO's Gross Margin has improved in the last couple of years.

Our Best Dividend screener lists more Best Dividend stocks and is updated daily.

Check the latest full fundamental report of THO for a complete fundamental analysis.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.