Why the dividend investor may take a look at NYSE:THO.

Unearth the potential of THOR INDUSTRIES INC (NYSE:THO) as a dividend stock recommended by our stock screening tool. NYSE:THO maintains a robust financial footing and delivers a sustainable dividend. We'll delve into the details below.

ChartMill's Evaluation of Dividend

To gauge a stock's dividend quality, ChartMill utilizes a Dividend Rating ranging from 0 to 10. This comprehensive assessment considers various dividend aspects, including yield, history, growth, and sustainability. NYSE:THO has achieved a 7 out of 10:

• THO's Dividend Yield is rather good when compared to the industry average which is at 3.92. THO pays more dividend than 84.21% 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.
• THO's earnings are growing more than its dividend. This makes the dividend growth sustainable.

A Closer Look at Health for NYSE:THO

A critical element of ChartMill's stock evaluation is the Health Rating, which spans from 0 to 10. This rating considers multiple health factors, including liquidity and solvency, both in absolute terms and relative to industry peers. NYSE:THO has received a 8 out of 10:

• An Altman-Z score of 3.81 indicates that THO is not in any danger for bankruptcy at the moment.
• The Altman-Z score of THO (3.81) is better than 89.47% 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.
• The Debt to FCF ratio of THO (2.95) is better than 94.74% of its industry peers.
• THO has a Debt/Equity ratio of 0.28. This is a healthy value indicating a solid balance between debt and equity.
• Looking at the Debt to Equity ratio, with a value of 0.28, THO is in the better half of the industry, outperforming 65.79% of the companies in the same industry.
• THO has a better Current ratio (1.71) than 63.16% of its industry peers.
• THO does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.

Profitability Analysis for NYSE:THO

ChartMill assigns a proprietary Profitability Rating to each stock. The score is computed by evaluating various profitability ratios and margins and ranges from 0 to 10. NYSE:THO was assigned a score of 8 for profitability:

• THO has a Return On Assets of 3.05%. This is in the better half of the industry: THO outperforms 78.95% of its industry peers.
• THO has a Return On Equity of 5.18%. This is in the better half of the industry: THO outperforms 71.05% of its industry peers.
• THO's Return On Invested Capital of 4.98% is fine compared to the rest of the industry. THO outperforms 73.68% of its industry peers.
• THO had an Average Return On Invested Capital over the past 3 years of 11.53%. This is above the industry average of 9.10%.
• The last Return On Invested Capital (4.98%) for THO is well below the 3 year average (11.53%), which needs to be investigated, but indicates that THO had better years and this may not be a problem.
• With a decent Profit Margin value of 2.17%, THO is doing good in the industry, outperforming 71.05% of the companies in the same industry.
• In the last couple of years the Profit Margin of THO has grown nicely.
• Looking at the Operating Margin, with a value of 3.72%, THO is in the better half of the industry, outperforming 76.32% of the companies in the same industry.
• Looking at the Gross Margin, with a value of 14.20%, THO is in the better half of the industry, outperforming 60.53% of the companies in the same industry.
• 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.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.