THOR INDUSTRIES INC (THO)
US8851601018 - Common Stock
Overall THO gets a fundamental rating of 6 out of 10. We evaluated THO against 42 industry peers in the Automobiles industry. While THO belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. THO has a correct valuation and a medium growth rate. THO also has an excellent dividend rating. This makes THO very considerable for dividend investing!
1. Profitability
1.1 Basic Checks
THO had positive earnings in the past year.
In the past year THO had a positive cash flow from operations.
Each year in the past 5 years THO has been profitable.
In the past 5 years THO always reported a positive cash flow from operatings.
1.2 Ratios
THO has a better Return On Assets (3.05%) than 76.19% of its industry peers.
Looking at the Return On Equity, with a value of 5.18%, THO is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
THO has a better Return On Invested Capital (4.98%) than 73.81% of its industry peers.
THO had an Average Return On Invested Capital over the past 3 years of 11.53%. This is in line with the industry average of 10.07%.
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.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.05% | ||
| ROE | 5.18% | ||
| ROIC | 4.98% |
ROA(3y)8.1%
ROA(5y)7.61%
ROE(3y)15.87%
ROE(5y)15.96%
ROIC(3y)11.53%
ROIC(5y)11.18%
1.3 Margins
Looking at the Profit Margin, with a value of 2.17%, THO is in the better half of the industry, outperforming 73.81% of the companies in the same industry.
In the last couple of years the Profit Margin of THO has grown nicely.
THO's Operating Margin of 3.72% is fine compared to the rest of the industry. THO outperforms 73.81% of its industry peers.
In the last couple of years the Operating Margin of THO has remained more or less at the same level.
With a Gross Margin value of 14.20%, THO perfoms like the industry average, outperforming 59.52% of the companies in the same industry.
In the last couple of years the Gross Margin of THO has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.72% | ||
| PM (TTM) | 2.17% | ||
| GM | 14.2% |
OM growth 3Y-17.3%
OM growth 5Y-1.19%
PM growth 3Y-21%
PM growth 5Y9.28%
GM growth 3Y-2.05%
GM growth 5Y3.16%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so THO is still creating some value.
Compared to 1 year ago, THO has less shares outstanding
THO has less shares outstanding than it did 5 years ago.
THO has a better debt/assets ratio than last year.
2.2 Solvency
THO has an Altman-Z score of 3.73. This indicates that THO is financially healthy and has little risk of bankruptcy at the moment.
THO's Altman-Z score of 3.73 is amongst the best of the industry. THO outperforms 90.48% of its industry peers.
THO has a debt to FCF ratio of 2.95. This is a good value and a sign of high solvency as THO would need 2.95 years to pay back of all of its debts.
THO has a better Debt to FCF ratio (2.95) than 92.86% of its industry peers.
A Debt/Equity ratio of 0.28 indicates that THO is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.28, THO is in line with its industry, outperforming 59.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 2.95 | ||
| Altman-Z | 3.73 |
ROIC/WACC0.44
WACC11.21%
2.3 Liquidity
A Current Ratio of 1.71 indicates that THO should not have too much problems paying its short term obligations.
With a Current ratio value of 1.71, THO perfoms like the industry average, outperforming 59.52% of the companies in the same industry.
A Quick Ratio of 0.78 indicates that THO may have some problems paying its short term obligations.
With a Quick ratio value of 0.78, THO is not doing good in the industry: 61.90% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.71 | ||
| Quick Ratio | 0.78 |
3. Growth
3.1 Past
THO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -18.30%.
THO shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.50% yearly.
THO shows a decrease in Revenue. In the last year, the revenue decreased by -7.88%.
Measured over the past years, THO shows a small growth in Revenue. The Revenue has been growing by 5.01% on average per year.
EPS 1Y (TTM)-18.3%
EPS 3Y-24.23%
EPS 5Y-0.5%
EPS Q2Q%-73.74%
Revenue 1Y (TTM)-7.88%
Revenue growth 3Y-6.58%
Revenue growth 5Y5.01%
Sales Q2Q%-14.31%
3.2 Future
THO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.90% yearly.
The Revenue is expected to grow by 7.93% on average over the next years.
EPS Next Y-14.27%
EPS Next 2Y10.97%
EPS Next 3Y18.11%
EPS Next 5Y23.9%
Revenue Next Year-6.05%
Revenue Next 2Y0.48%
Revenue Next 3Y3.7%
Revenue Next 5Y7.93%
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
THO is valuated rather expensively with a Price/Earnings ratio of 22.00.
Based on the Price/Earnings ratio, THO is valued a bit cheaper than the industry average as 76.19% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of THO to the average of the S&P500 Index (27.73), we can say THO is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 15.33, the valuation of THO can be described as correct.
THO's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. THO is cheaper than 78.57% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of THO to the average of the S&P500 Index (22.83), we can say THO is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22 | ||
| Fwd PE | 15.33 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of THO indicates a rather cheap valuation: THO is cheaper than 83.33% of the companies listed in the same industry.
THO's Price/Free Cash Flow ratio is rather cheap when compared to the industry. THO is cheaper than 90.48% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.27 | ||
| EV/EBITDA | 9.11 |
4.3 Compensation for Growth
THO has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as THO's earnings are expected to grow with 18.11% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y10.97%
EPS Next 3Y18.11%
5. Dividend
5.1 Amount
THO has a Yearly Dividend Yield of 2.08%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.97, THO pays a better dividend. On top of this THO pays more dividend than 85.71% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, THO has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.08% |
5.2 History
The dividend of THO has a limited annual growth rate of 4.27%.
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.
Dividend Growth(5Y)4.27%
Div Incr Years14
Div Non Decr Years33
5.3 Sustainability
48.66% of the earnings are spent on dividend by THO. This is a bit on the high side, but may be sustainable.
THO's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP48.66%
EPS Next 2Y10.97%
EPS Next 3Y18.11%
THOR INDUSTRIES INC
NYSE:THO (12/20/2024, 8:04:00 PM)
After market: 97.263 0 (0%)97.26
+1 (+1.04%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners99.12%
Inst Owner Change5.53%
Ins Owners4.76%
Ins Owner Change0.71%
Market Cap5.18B
Analysts69
Price Target108.02 (11.06%)
Short Float %6.09%
Short Ratio5.69
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.08% |
Dividend Growth(5Y)4.27%
DP48.66%
Div Incr Years14
Div Non Decr Years33
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-17.79%
Min EPS beat(2)-63.53%
Max EPS beat(2)27.94%
EPS beat(4)2
Avg EPS beat(4)-17.58%
Min EPS beat(4)-63.53%
Max EPS beat(4)27.94%
EPS beat(8)5
Avg EPS beat(8)7.96%
EPS beat(12)9
Avg EPS beat(12)17%
EPS beat(16)13
Avg EPS beat(16)22.97%
Revenue beat(2)1
Avg Revenue beat(2)-1.89%
Min Revenue beat(2)-5.35%
Max Revenue beat(2)1.57%
Revenue beat(4)2
Avg Revenue beat(4)-1.42%
Min Revenue beat(4)-5.35%
Max Revenue beat(4)1.71%
Revenue beat(8)4
Avg Revenue beat(8)0.19%
Revenue beat(12)8
Avg Revenue beat(12)2.34%
Revenue beat(16)12
Avg Revenue beat(16)4.29%
PT rev (1m)0.09%
PT rev (3m)4.85%
EPS NQ rev (1m)-71.79%
EPS NQ rev (3m)-71.79%
EPS NY rev (1m)-9.14%
EPS NY rev (3m)-34.7%
Revenue NQ rev (1m)-11.68%
Revenue NQ rev (3m)-11.68%
Revenue NY rev (1m)-2.71%
Revenue NY rev (3m)-11.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22 | ||
| Fwd PE | 15.33 | ||
| P/S | 0.53 | ||
| P/FCF | 13.27 | ||
| P/OCF | 10.02 | ||
| P/B | 1.28 | ||
| P/tB | 3.62 | ||
| EV/EBITDA | 9.11 |
EPS(TTM)4.42
EY4.54%
EPS(NY)6.34
Fwd EY6.52%
FCF(TTM)7.33
FCFY7.53%
OCF(TTM)9.71
OCFY9.98%
SpS181.99
BVpS76.18
TBVpS26.86
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.05% | ||
| ROE | 5.18% | ||
| ROCE | 6.68% | ||
| ROIC | 4.98% | ||
| ROICexc | 5.42% | ||
| ROICexgc | 11.38% | ||
| OM | 3.72% | ||
| PM (TTM) | 2.17% | ||
| GM | 14.2% | ||
| FCFM | 4.03% |
ROA(3y)8.1%
ROA(5y)7.61%
ROE(3y)15.87%
ROE(5y)15.96%
ROIC(3y)11.53%
ROIC(5y)11.18%
ROICexc(3y)12.36%
ROICexc(5y)12.16%
ROICexgc(3y)26.95%
ROICexgc(5y)27.77%
ROCE(3y)15.37%
ROCE(5y)14.9%
ROICexcg growth 3Y-27.81%
ROICexcg growth 5Y-5.33%
ROICexc growth 3Y-25.87%
ROICexc growth 5Y-1.71%
OM growth 3Y-17.3%
OM growth 5Y-1.19%
PM growth 3Y-21%
PM growth 5Y9.28%
GM growth 3Y-2.05%
GM growth 5Y3.16%
F-Score7
Asset Turnover1.41
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 2.95 | ||
| Debt/EBITDA | 1.75 | ||
| Cap/Depr | 45.65% | ||
| Cap/Sales | 1.31% | ||
| Interest Coverage | 4.39 | ||
| Cash Conversion | 81% | ||
| Profit Quality | 185.76% | ||
| Current Ratio | 1.71 | ||
| Quick Ratio | 0.78 | ||
| Altman-Z | 3.73 |
F-Score7
WACC11.21%
ROIC/WACC0.44
Cap/Depr(3y)70.25%
Cap/Depr(5y)64.21%
Cap/Sales(3y)1.58%
Cap/Sales(5y)1.42%
Profit Quality(3y)141.79%
Profit Quality(5y)136.07%
High Growth Momentum
Growth
EPS 1Y (TTM)-18.3%
EPS 3Y-24.23%
EPS 5Y-0.5%
EPS Q2Q%-73.74%
EPS Next Y-14.27%
EPS Next 2Y10.97%
EPS Next 3Y18.11%
EPS Next 5Y23.9%
Revenue 1Y (TTM)-7.88%
Revenue growth 3Y-6.58%
Revenue growth 5Y5.01%
Sales Q2Q%-14.31%
Revenue Next Year-6.05%
Revenue Next 2Y0.48%
Revenue Next 3Y3.7%
Revenue Next 5Y7.93%
EBIT growth 1Y-25.48%
EBIT growth 3Y-22.74%
EBIT growth 5Y3.77%
EBIT Next Year79.37%
EBIT Next 3Y32.46%
EBIT Next 5Y28.33%
FCF growth 1Y-50.48%
FCF growth 3Y0.69%
FCF growth 5Y1.45%
OCF growth 1Y-50.44%
OCF growth 3Y1.19%
OCF growth 5Y1.44%