THOR INDUSTRIES INC (THO) Stock Fundamental Analysis
NYSE:THO - New York Stock Exchange, Inc. - US8851601018 - Common Stock - Currency: USD
Taking everything into account, THO scores 7 out of 10 in our fundamental rating. THO was compared to 40 industry peers in the Automobiles industry. THO scores excellent points on both the profitability and health parts. This is a solid base for a good stock. THO has a correct valuation and a medium growth rate. THO also has an excellent dividend rating. These ratings could make THO a good candidate for dividend 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.
THO had positive earnings in each of the past 5 years.
Each year in the past 5 years THO had a positive operating cash flow.
1.2 Ratios
The Return On Assets of THO (3.05%) is better than 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 has a better Return On Invested Capital (4.98%) than 73.68% of its industry peers.
The Average Return On Invested Capital over the past 3 years for THO 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.
| 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
THO has a better Profit Margin (2.17%) than 71.05% of its industry peers.
THO's Profit Margin has improved in the last couple of years.
The Operating Margin of THO (3.72%) is better than 76.32% of its industry peers.
In the last couple of years the Operating Margin of THO has remained more or less at the same level.
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.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), THO is destroying value.
The number of shares outstanding for THO has been reduced compared to 1 year ago.
Compared to 5 years ago, THO has less shares outstanding
The debt/assets ratio for THO has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.77 indicates that THO is not in any danger for bankruptcy at the moment.
THO has a Altman-Z score of 3.77. This is amongst the best in the industry. THO outperforms 89.47% 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 94.74% of its industry peers.
A Debt/Equity ratio of 0.28 indicates that THO is not too dependend on debt financing.
The Debt to Equity ratio of THO (0.28) is better than 65.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 2.95 | ||
| Altman-Z | 3.77 |
ROIC/WACC0.36
WACC13.94%
2.3 Liquidity
THO has a Current Ratio of 1.71. This is a normal value and indicates that THO is financially healthy and should not expect problems in meeting its short term obligations.
THO has a better Current ratio (1.71) than 63.16% of its industry peers.
THO has a Quick Ratio of 1.71. This is a bad value and indicates that THO is not financially healthy enough and could expect problems in meeting its short term obligations.
THO has a Quick ratio of 0.78. This is in the lower half of the industry: THO underperforms 60.53% of its industry peers.
The current and quick ratio evaluation for THO is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| 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 -23.66%.
THO shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.50% yearly.
The Revenue has decreased by -7.88% in the past year.
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)-23.66%
EPS 3Y-24.23%
EPS 5Y-0.5%
EPS Q2Q%-103.03%
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-14.94%
EPS Next 2Y9.6%
EPS Next 3Y18.11%
EPS Next 5Y23.9%
Revenue Next Year-6.03%
Revenue Next 2Y0.47%
Revenue Next 3Y3.5%
Revenue Next 5Y7.93%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
A Price/Earnings ratio of 23.97 indicates a rather expensive valuation of THO.
73.68% 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 similar valuation than the S&P500 average which is at 29.63.
THO is valuated correctly with a Price/Forward Earnings ratio of 16.00.
Based on the Price/Forward Earnings ratio, THO is valued a bit cheaper than the industry average as 76.32% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.68, THO is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.97 | ||
| Fwd PE | 16 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, THO is valued cheaper than 84.21% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, THO is valued cheaper than 89.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.51 | ||
| EV/EBITDA | 9.38 |
4.3 Compensation for Growth
The excellent profitability rating of THO may justify a higher PE ratio.
THO's earnings are expected to grow with 18.11% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y9.6%
EPS Next 3Y18.11%
5. Dividend
5.1 Amount
THO has a Yearly Dividend Yield of 1.95%.
THO's Dividend Yield is rather good when compared to the industry average which is at 3.93. THO pays more dividend than 84.21% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.29, THO has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.95% |
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.
The dividend of THO is growing, but earnings are growing more, so the dividend growth is sustainable.
DP48.66%
EPS Next 2Y9.6%
EPS Next 3Y18.11%
98.99
-1.54 (-1.53%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners99.12%
Inst Owner Change-1.93%
Ins Owners4.76%
Ins Owner Change0.77%
Market Cap5.27B
Analysts68.57
Price Target107 (8.09%)
Short Float %6.64%
Short Ratio5.65
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.95% |
Yearly Dividend1.92
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)-38.13%
Min EPS beat(2)-104.21%
Max EPS beat(2)27.94%
EPS beat(4)2
Avg EPS beat(4)-27.75%
Min EPS beat(4)-104.21%
Max EPS beat(4)27.94%
EPS beat(8)5
Avg EPS beat(8)2.88%
EPS beat(12)9
Avg EPS beat(12)13.61%
EPS beat(16)13
Avg EPS beat(16)20.43%
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)-1.32%
PT rev (3m)-0.85%
EPS NQ rev (1m)-73.82%
EPS NQ rev (3m)-92.61%
EPS NY rev (1m)-0.78%
EPS NY rev (3m)-9.85%
Revenue NQ rev (1m)-3.63%
Revenue NQ rev (3m)-14.88%
Revenue NY rev (1m)-0.01%
Revenue NY rev (3m)-2.69%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.97 | ||
| Fwd PE | 16 | ||
| P/S | 0.54 | ||
| P/FCF | 13.51 | ||
| P/OCF | 10.2 | ||
| P/B | 1.3 | ||
| P/tB | 3.69 | ||
| EV/EBITDA | 9.38 |
EPS(TTM)4.13
EY4.17%
EPS(NY)6.19
Fwd EY6.25%
FCF(TTM)7.33
FCFY7.4%
OCF(TTM)9.71
OCFY9.81%
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 | 3.77 |
F-Score7
WACC13.94%
ROIC/WACC0.36
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)-23.66%
EPS 3Y-24.23%
EPS 5Y-0.5%
EPS Q2Q%-103.03%
EPS Next Y-14.94%
EPS Next 2Y9.6%
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-6.03%
Revenue Next 2Y0.47%
Revenue Next 3Y3.5%
Revenue Next 5Y7.93%
EBIT growth 1Y-25.48%
EBIT growth 3Y-22.74%
EBIT growth 5Y3.77%
EBIT Next Year64.74%
EBIT Next 3Y32.51%
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%