THOR INDUSTRIES INC (THO) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:THO - US8851601018 - Common Stock
102.67 USD
-1.58 (-1.52%)
102.67 USD
0 (0%)
We assign a fundamental rating of 7 out of 10 to THO. THO was compared to 35 industry peers in the Automobiles industry. THO has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. THO has a decent growth rate and is not valued too expensively. This makes THO very considerable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year THO was profitable.
In the past year THO had a positive cash flow from operations.
Each year in the past 5 years THO has been profitable.
Each year in the past 5 years THO had a positive operating cash flow.
1.2 Ratios
THO's Return On Assets of 4.03% is amongst the best of the industry. THO outperforms 88.57% of its industry peers.
With a decent Return On Equity value of 6.56%, THO is doing good in the industry, outperforming 80.00% of the companies in the same industry.
THO has a better Return On Invested Capital (5.48%) than 91.43% of its industry peers.
The Average Return On Invested Capital over the past 3 years for THO is in line with the industry average of 5.86%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.03% | ||
| ROE | 6.56% | ||
| ROIC | 5.48% |
ROA(3y)4.2%
ROA(5y)7.57%
ROE(3y)7.32%
ROE(5y)15.24%
ROIC(3y)6.72%
ROIC(5y)11.6%
1.3 Margins
With an excellent Profit Margin value of 2.87%, THO belongs to the best of the industry, outperforming 82.86% of the companies in the same industry.
THO's Profit Margin has been stable in the last couple of years.
THO has a Operating Margin of 3.81%. This is in the better half of the industry: THO outperforms 80.00% of its industry peers.
In the last couple of years the Operating Margin of THO has declined.
With a decent Gross Margin value of 14.05%, THO is doing good in the industry, outperforming 65.71% of the companies in the same industry.
THO's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.81% | ||
| PM (TTM) | 2.87% | ||
| GM | 14.05% |
OM growth 3Y-27.39%
OM growth 5Y-5.16%
PM growth 3Y-27.13%
PM growth 5Y-0.23%
GM growth 3Y-6.65%
GM growth 5Y0.44%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so THO is destroying value.
Compared to 1 year ago, THO has less shares outstanding
THO has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, THO has an improved debt to assets ratio.
2.2 Solvency
THO has an Altman-Z score of 3.88. This indicates that THO is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 3.88, THO belongs to the best of the industry, outperforming 91.43% of the companies in the same industry.
The Debt to FCF ratio of THO is 2.63, which is a good value as it means it would take THO, 2.63 years of fcf income to pay off all of its debts.
THO has a better Debt to FCF ratio (2.63) than 88.57% of its industry peers.
THO has a Debt/Equity ratio of 0.23. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.23, THO is doing good in the industry, outperforming 74.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 2.63 | ||
| Altman-Z | 3.88 |
ROIC/WACC0.61
WACC9%
2.3 Liquidity
THO has a Current Ratio of 1.81. This is a normal value and indicates that THO is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.81, THO is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
A Quick Ratio of 0.83 indicates that THO may have some problems paying its short term obligations.
THO has a Quick ratio (0.83) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.81 | ||
| Quick Ratio | 0.83 |
3. Growth
3.1 Past
THO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 28.09%, which is quite impressive.
Measured over the past years, THO shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.12% on average per year.
The Revenue has been growing slightly by 1.45% in the past year.
The Revenue has been growing slightly by 3.24% on average over the past years.
EPS 1Y (TTM)28.09%
EPS 3Y-38.25%
EPS 5Y-0.12%
EPS Q2Q%1466.67%
Revenue 1Y (TTM)1.45%
Revenue growth 3Y-16.26%
Revenue growth 5Y3.24%
Sales Q2Q%11.5%
3.2 Future
THO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.52% yearly.
The Revenue is expected to grow by 8.77% on average over the next years. This is quite good.
EPS Next Y-12.06%
EPS Next 2Y8.66%
EPS Next 3Y12.69%
EPS Next 5Y23.52%
Revenue Next Year2.7%
Revenue Next 2Y3.87%
Revenue Next 3Y5.1%
Revenue Next 5Y8.77%
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
The Price/Earnings ratio is 19.41, which indicates a rather expensive current valuation of THO.
82.86% of the companies in the same industry are more expensive than THO, based on the Price/Earnings ratio.
THO's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.51.
A Price/Forward Earnings ratio of 17.93 indicates a rather expensive valuation of THO.
Compared to the rest of the industry, the Price/Forward Earnings ratio of THO indicates a somewhat cheap valuation: THO is cheaper than 71.43% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.13, THO is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.41 | ||
| Fwd PE | 17.93 |
4.2 Price Multiples
82.86% of the companies in the same industry are more expensive than THO, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, THO is valued cheaper than 82.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.54 | ||
| EV/EBITDA | 9.06 |
4.3 Compensation for Growth
THO has a very decent profitability rating, which may justify a higher PE ratio.
THO's earnings are expected to grow with 12.69% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y8.66%
EPS Next 3Y12.69%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.96%, THO has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 0.84, THO pays a better dividend. On top of this THO pays more dividend than 82.86% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.00, THO has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.96% |
5.2 History
The dividend of THO has a limited annual growth rate of 4.66%.
THO has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.66%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
37.63% of the earnings are spent on dividend by THO. This is a low number and sustainable payout ratio.
THO's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP37.63%
EPS Next 2Y8.66%
EPS Next 3Y12.69%
102.67
-1.58 (-1.52%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners102.11%
Inst Owner Change-8.46%
Ins Owners4.66%
Ins Owner Change3.68%
Market Cap5.43B
Revenue(TTM)9.83B
Net Income(TTM)282.06M
Analysts67.62
Price Target108.86 (6.03%)
Short Float %5.91%
Short Ratio5.07
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.96% |
Yearly Dividend2.01
Dividend Growth(5Y)4.66%
DP37.63%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)340.72%
Min EPS beat(2)88.26%
Max EPS beat(2)593.18%
EPS beat(4)3
Avg EPS beat(4)152%
Min EPS beat(4)-114.48%
Max EPS beat(4)593.18%
EPS beat(8)5
Avg EPS beat(8)62.12%
EPS beat(12)8
Avg EPS beat(12)52.59%
EPS beat(16)12
Avg EPS beat(16)48.21%
Revenue beat(2)2
Avg Revenue beat(2)11.19%
Min Revenue beat(2)7.12%
Max Revenue beat(2)15.25%
Revenue beat(4)4
Avg Revenue beat(4)8.49%
Min Revenue beat(4)1.26%
Max Revenue beat(4)15.25%
Revenue beat(8)6
Avg Revenue beat(8)3.53%
Revenue beat(12)8
Avg Revenue beat(12)2.96%
Revenue beat(16)12
Avg Revenue beat(16)3.87%
PT rev (1m)-0.42%
PT rev (3m)18.23%
EPS NQ rev (1m)-56.77%
EPS NQ rev (3m)-75.43%
EPS NY rev (1m)1.94%
EPS NY rev (3m)-1.67%
Revenue NQ rev (1m)-0.9%
Revenue NQ rev (3m)-4.84%
Revenue NY rev (1m)1.52%
Revenue NY rev (3m)-0.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.41 | ||
| Fwd PE | 17.93 | ||
| P/S | 0.55 | ||
| P/FCF | 14.54 | ||
| P/OCF | 10.8 | ||
| P/B | 1.26 | ||
| P/tB | 3.17 | ||
| EV/EBITDA | 9.06 |
EPS(TTM)5.29
EY5.15%
EPS(NY)5.73
Fwd EY5.58%
FCF(TTM)7.06
FCFY6.88%
OCF(TTM)9.51
OCFY9.26%
SpS185.95
BVpS81.32
TBVpS32.4
PEG (NY)N/A
PEG (5Y)N/A
Graham Number98.38
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.03% | ||
| ROE | 6.56% | ||
| ROCE | 6.82% | ||
| ROIC | 5.48% | ||
| ROICexc | 6.04% | ||
| ROICexgc | 12.39% | ||
| OM | 3.81% | ||
| PM (TTM) | 2.87% | ||
| GM | 14.05% | ||
| FCFM | 3.8% |
ROA(3y)4.2%
ROA(5y)7.57%
ROE(3y)7.32%
ROE(5y)15.24%
ROIC(3y)6.72%
ROIC(5y)11.6%
ROICexc(3y)7.38%
ROICexc(5y)12.57%
ROICexgc(3y)15.82%
ROICexgc(5y)27.7%
ROCE(3y)8.35%
ROCE(5y)14.36%
ROICexgc growth 3Y-38.46%
ROICexgc growth 5Y-12.23%
ROICexc growth 3Y-37.57%
ROICexc growth 5Y-7.38%
OM growth 3Y-27.39%
OM growth 5Y-5.16%
PM growth 3Y-27.13%
PM growth 5Y-0.23%
GM growth 3Y-6.65%
GM growth 5Y0.44%
F-Score7
Asset Turnover1.41
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 2.63 | ||
| Debt/EBITDA | 1.52 | ||
| Cap/Depr | 47.96% | ||
| Cap/Sales | 1.32% | ||
| Interest Coverage | 7.01 | ||
| Cash Conversion | 78.05% | ||
| Profit Quality | 132.25% | ||
| Current Ratio | 1.81 | ||
| Quick Ratio | 0.83 | ||
| Altman-Z | 3.88 |
F-Score7
WACC9%
ROIC/WACC0.61
Cap/Depr(3y)56.97%
Cap/Depr(5y)62.4%
Cap/Sales(3y)1.52%
Cap/Sales(5y)1.42%
Profit Quality(3y)178.53%
Profit Quality(5y)132.32%
High Growth Momentum
Growth
EPS 1Y (TTM)28.09%
EPS 3Y-38.25%
EPS 5Y-0.12%
EPS Q2Q%1466.67%
EPS Next Y-12.06%
EPS Next 2Y8.66%
EPS Next 3Y12.69%
EPS Next 5Y23.52%
Revenue 1Y (TTM)1.45%
Revenue growth 3Y-16.26%
Revenue growth 5Y3.24%
Sales Q2Q%11.5%
Revenue Next Year2.7%
Revenue Next 2Y3.87%
Revenue Next 3Y5.1%
Revenue Next 5Y8.77%
EBIT growth 1Y3.82%
EBIT growth 3Y-39.2%
EBIT growth 5Y-2.09%
EBIT Next Year115.37%
EBIT Next 3Y39.15%
EBIT Next 5Y33.97%
FCF growth 1Y-50.71%
FCF growth 3Y-15.26%
FCF growth 5Y0.94%
OCF growth 1Y-46.97%
OCF growth 3Y-16.43%
OCF growth 5Y1.33%
THOR INDUSTRIES INC / THO FAQ
What is the fundamental rating for THO stock?
ChartMill assigns a fundamental rating of 7 / 10 to THO.
What is the valuation status of THOR INDUSTRIES INC (THO) stock?
ChartMill assigns a valuation rating of 6 / 10 to THOR INDUSTRIES INC (THO). This can be considered as Fairly Valued.
What is the profitability of THO stock?
THOR INDUSTRIES INC (THO) has a profitability rating of 7 / 10.
How financially healthy is THOR INDUSTRIES INC?
The financial health rating of THOR INDUSTRIES INC (THO) is 7 / 10.
How sustainable is the dividend of THOR INDUSTRIES INC (THO) stock?
The dividend rating of THOR INDUSTRIES INC (THO) is 6 / 10 and the dividend payout ratio is 37.63%.