THOR INDUSTRIES INC (THO) Stock Fundamental Analysis
NYSE:THO - New York Stock Exchange, Inc. - US8851601018 - Common Stock
THO gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 42 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 is not valued too expensively and it also shows a decent growth rate. Finally THO also has an excellent dividend rating. With these ratings, THO could be worth investigating further 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.
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
The Return On Assets of THO (3.05%) is better than 77.50% of its industry peers.
THO has a better Return On Equity (5.18%) than 72.50% of its industry peers.
THO's Return On Invested Capital of 4.98% is fine compared to the rest of the industry. THO outperforms 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.
| 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
The Profit Margin of THO (2.17%) is better than 75.00% of its industry peers.
In the last couple of years the Profit Margin of THO has grown nicely.
THO has a better Operating Margin (3.72%) than 77.50% of its industry peers.
THO's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 14.20%, THO is in line with its industry, outperforming 60.00% 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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.
The debt/assets ratio for THO has been reduced compared to a year ago.
2.2 Solvency
THO has an Altman-Z score of 3.80. This indicates that THO is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.80, THO belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
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.
THO has a better Debt to FCF ratio (2.95) than 92.50% 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.
THO has a Debt to Equity ratio of 0.28. This is in the better half of the industry: THO outperforms 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 2.95 | ||
| Altman-Z | 3.8 |
ROIC/WACC0.41
WACC12.02%
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's Current ratio of 1.71 is fine compared to the rest of the industry. THO outperforms 62.50% 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 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.71 | ||
| Quick Ratio | 0.78 |
3. Growth
3.1 Past
The earnings per share for THO have decreased strongly by -18.30% in the last year.
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.
THO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.01% yearly.
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.
THO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.93% yearly.
EPS Next Y-14.27%
EPS Next 2Y10.97%
EPS Next 3Y18.11%
EPS Next 5Y23.9%
Revenue Next Year-6.02%
Revenue Next 2Y0.49%
Revenue Next 3Y3.5%
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
THO is valuated rather expensively with a Price/Earnings ratio of 23.44.
Based on the Price/Earnings ratio, THO is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 28.29, THO is valued at the same level.
The Price/Forward Earnings ratio is 16.34, which indicates a correct 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 77.50% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of THO to the average of the S&P500 Index (24.44), we can say THO is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.44 | ||
| Fwd PE | 16.34 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, THO is valued cheaper than 82.50% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, THO is valued cheaply inside the industry as 87.50% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.14 | ||
| EV/EBITDA | 9.64 |
4.3 Compensation for Growth
The decent 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 2Y10.97%
EPS Next 3Y18.11%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.92%, THO has a reasonable but not impressive dividend return.
THO's Dividend Yield is rather good when compared to the industry average which is at 3.90. THO pays more dividend than 85.00% of the companies in the same industry.
THO's Dividend Yield is comparable with the S&P500 average which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.92% |
5.2 History
The dividend of THO has a limited annual growth rate of 4.27%.
THO has been paying a dividend for at least 10 years, so it has a reliable track record.
THO has not decreased their dividend for at least 10 years, which is a reliable track record.
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 (1/21/2025, 8:04:00 PM)
After market: 103.62 0 (0%)103.62
+1.89 (+1.86%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners99.12%
Inst Owner Change-0.04%
Ins Owners4.76%
Ins Owner Change0.77%
Market Cap5.51B
Analysts68.57
Price Target108.43 (4.64%)
Short Float %5.25%
Short Ratio4.89
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.92% |
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)-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)0.38%
PT rev (3m)4.52%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-71.79%
EPS NY rev (1m)0%
EPS NY rev (3m)-34.7%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-11.68%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)-10.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.44 | ||
| Fwd PE | 16.34 | ||
| P/S | 0.57 | ||
| P/FCF | 14.14 | ||
| P/OCF | 10.67 | ||
| P/B | 1.36 | ||
| P/tB | 3.86 | ||
| EV/EBITDA | 9.64 |
EPS(TTM)4.42
EY4.27%
EPS(NY)6.34
Fwd EY6.12%
FCF(TTM)7.33
FCFY7.07%
OCF(TTM)9.71
OCFY9.37%
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 | 3.8 |
F-Score7
WACC12.02%
ROIC/WACC0.41
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-6.02%
Revenue Next 2Y0.49%
Revenue Next 3Y3.5%
Revenue Next 5Y7.93%
EBIT growth 1Y-25.48%
EBIT growth 3Y-22.74%
EBIT growth 5Y3.77%
EBIT Next Year64.94%
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%