THOR INDUSTRIES INC (THO) Fundamental Analysis & Valuation

NYSE:THO • US8851601018

Current stock price

81.655 USD
+0.03 (+0.04%)
Last:

This THO fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. THO Profitability Analysis

1.1 Basic Checks

  • THO had positive earnings in the past year.
  • THO had a positive operating cash flow in the past year.
  • THO had positive earnings in each of the past 5 years.
  • In the past 5 years THO always reported a positive cash flow from operatings.
THO Yearly Net Income VS EBIT VS OCF VS FCFTHO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 4.28%, THO belongs to the top of the industry, outperforming 97.14% of the companies in the same industry.
  • The Return On Equity of THO (6.95%) is better than 91.43% of its industry peers.
  • With an excellent Return On Invested Capital value of 5.76%, THO belongs to the best of the industry, outperforming 94.29% of the companies in the same industry.
  • THO had an Average Return On Invested Capital over the past 3 years of 6.72%. This is in line with the industry average of 5.29%.
Industry RankSector Rank
ROA 4.28%
ROE 6.95%
ROIC 5.76%
ROA(3y)4.2%
ROA(5y)7.57%
ROE(3y)7.32%
ROE(5y)15.24%
ROIC(3y)6.72%
ROIC(5y)11.6%
THO Yearly ROA, ROE, ROICTHO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

1.3 Margins

  • Looking at the Profit Margin, with a value of 3.02%, THO belongs to the top of the industry, outperforming 88.57% of the companies in the same industry.
  • THO's Profit Margin has been stable in the last couple of years.
  • Looking at the Operating Margin, with a value of 3.95%, THO belongs to the top of the industry, outperforming 88.57% of the companies in the same industry.
  • In the last couple of years the Operating Margin of THO has declined.
  • THO has a better Gross Margin (13.96%) than 68.57% of its industry peers.
  • In the last couple of years the Gross Margin of THO has remained more or less at the same level.
Industry RankSector Rank
OM 3.95%
PM (TTM) 3.02%
GM 13.96%
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%
THO Yearly Profit, Operating, Gross MarginsTHO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

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6

2. THO Health Analysis

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
  • Compared to 5 years ago, THO has less shares outstanding
  • The debt/assets ratio for THO has been reduced compared to a year ago.
THO Yearly Shares OutstandingTHO Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M 50M
THO Yearly Total Debt VS Total AssetsTHO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • An Altman-Z score of 3.63 indicates that THO is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 3.63, THO belongs to the best of the industry, outperforming 94.29% of the companies in the same industry.
  • The Debt to FCF ratio of THO is 4.18, which is a neutral value as it means it would take THO, 4.18 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 4.18, THO belongs to the top of the industry, outperforming 88.57% of the companies in the same industry.
  • THO has a Debt/Equity ratio of 0.22. This is a healthy value indicating a solid balance between debt and equity.
  • With a decent Debt to Equity ratio value of 0.22, THO is doing good in the industry, outperforming 74.29% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 4.18
Altman-Z 3.63
ROIC/WACC0.6
WACC9.53%
THO Yearly LT Debt VS Equity VS FCFTHO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 1.76 indicates that THO should not have too much problems paying its short term obligations.
  • THO has a Current ratio of 1.76. This is in the better half of the industry: THO outperforms 65.71% of its industry peers.
  • THO has a Quick Ratio of 1.76. This is a bad value and indicates that THO is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of THO (0.73) is worse than 60.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.76
Quick Ratio 0.73
THO Yearly Current Assets VS Current LiabilitesTHO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

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6

3. THO Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 49.60% over the past year.
  • The Earnings Per Share has been decreasing by -0.12% on average over the past years.
  • THO shows a small growth in Revenue. In the last year, the Revenue has grown by 4.61%.
  • The Revenue has been growing slightly by 3.24% on average over the past years.
EPS 1Y (TTM)49.6%
EPS 3Y-38.25%
EPS 5Y-0.12%
EPS Q2Q%3500%
Revenue 1Y (TTM)4.61%
Revenue growth 3Y-16.26%
Revenue growth 5Y3.24%
Sales Q2Q%5.34%

3.2 Future

  • Based on estimates for the next years, THO will show a very strong growth in Earnings Per Share. The EPS will grow by 23.52% on average per year.
  • THO is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.77% yearly.
EPS Next Y-11.39%
EPS Next 2Y9.75%
EPS Next 3Y13.67%
EPS Next 5Y23.52%
Revenue Next Year2.3%
Revenue Next 2Y3.72%
Revenue Next 3Y5.37%
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.
THO Yearly Revenue VS EstimatesTHO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B
THO Yearly EPS VS EstimatesTHO Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5 10 15 20

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6

4. THO Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 14.48, THO is valued correctly.
  • Based on the Price/Earnings ratio, THO is valued cheaper than 82.86% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 25.61, THO is valued a bit cheaper.
  • Based on the Price/Forward Earnings ratio of 13.98, the valuation of THO can be described as correct.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of THO indicates a somewhat cheap valuation: THO is cheaper than 80.00% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.79, THO is valued a bit cheaper.
Industry RankSector Rank
PE 14.48
Fwd PE 13.98
THO Price Earnings VS Forward Price EarningsTHO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • 91.43% of the companies in the same industry are more expensive than THO, based on the Enterprise Value to EBITDA ratio.
  • 88.57% of the companies in the same industry are more expensive than THO, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 18.86
EV/EBITDA 7.46
THO Per share dataTHO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100 150

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 13.67% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y9.75%
EPS Next 3Y13.67%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. THO Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.72%, THO has a reasonable but not impressive dividend return.
  • The stock price of THO dropped by -23.12% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
  • Compared to an average industry Dividend Yield of 1.08, THO pays a better dividend. On top of this THO pays more dividend than 82.86% of the companies listed in the same industry.
  • THO's Dividend Yield is a higher than the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 2.72%

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
THO Yearly Dividends per shareTHO Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • 35.89% of the earnings are spent on dividend by THO. This is a low number and sustainable payout ratio.
  • The dividend of THO is growing, but earnings are growing more, so the dividend growth is sustainable.
DP35.89%
EPS Next 2Y9.75%
EPS Next 3Y13.67%
THO Yearly Income VS Free CF VS DividendTHO Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
THO Dividend Payout.THO Dividend Payout, showing the Payout Ratio.THO Dividend Payout.PayoutRetained Earnings

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THO Fundamentals: All Metrics, Ratios and Statistics

THOR INDUSTRIES INC

NYSE:THO (3/26/2026, 10:53:46 AM)

81.655

+0.03 (+0.04%)

Chartmill FA Rating
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)03-03
Earnings (Next)06-02
Inst Owners102.03%
Inst Owner Change1.62%
Ins Owners4.63%
Ins Owner Change3.97%
Market Cap4.30B
Revenue(TTM)9.93B
Net Income(TTM)300.41M
Analysts68.57
Price Target114.24 (39.91%)
Short Float %5.55%
Short Ratio4.46
Dividend
Industry RankSector Rank
Dividend Yield 2.72%
Yearly Dividend2.01
Dividend Growth(5Y)4.66%
DP35.89%
Div Incr Years0
Div Non Decr Years0
Ex-Date01-05
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)712.2%
Min EPS beat(2)593.18%
Max EPS beat(2)831.21%
EPS beat(4)4
Avg EPS beat(4)388.43%
Min EPS beat(4)41.04%
Max EPS beat(4)831.21%
EPS beat(8)6
Avg EPS beat(8)172.08%
EPS beat(12)9
Avg EPS beat(12)126%
EPS beat(16)12
Avg EPS beat(16)97.68%
Revenue beat(2)2
Avg Revenue beat(2)11.25%
Min Revenue beat(2)7.26%
Max Revenue beat(2)15.25%
Revenue beat(4)4
Avg Revenue beat(4)9.99%
Min Revenue beat(4)7.12%
Max Revenue beat(4)15.25%
Revenue beat(8)7
Avg Revenue beat(8)4.89%
Revenue beat(12)9
Avg Revenue beat(12)4.12%
Revenue beat(16)12
Avg Revenue beat(16)3.84%
PT rev (1m)0%
PT rev (3m)5.12%
EPS NQ rev (1m)-10.14%
EPS NQ rev (3m)-10.14%
EPS NY rev (1m)-0.18%
EPS NY rev (3m)2.94%
Revenue NQ rev (1m)-4.57%
Revenue NQ rev (3m)-4.57%
Revenue NY rev (1m)-0.5%
Revenue NY rev (3m)1.27%
Valuation
Industry RankSector Rank
PE 14.48
Fwd PE 13.98
P/S 0.43
P/FCF 18.86
P/OCF 11.96
P/B 0.99
P/tB 2.49
EV/EBITDA 7.46
EPS(TTM)5.64
EY6.91%
EPS(NY)5.84
Fwd EY7.15%
FCF(TTM)4.33
FCFY5.3%
OCF(TTM)6.83
OCFY8.36%
SpS188.85
BVpS82.19
TBVpS32.81
PEG (NY)N/A
PEG (5Y)N/A
Graham Number102.13
Profitability
Industry RankSector Rank
ROA 4.28%
ROE 6.95%
ROCE 7.17%
ROIC 5.76%
ROICexc 6.02%
ROICexgc 11.8%
OM 3.95%
PM (TTM) 3.02%
GM 13.96%
FCFM 2.29%
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-Score8
Asset Turnover1.42
Health
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 4.18
Debt/EBITDA 1.43
Cap/Depr 48.97%
Cap/Sales 1.32%
Interest Coverage 7.99
Cash Conversion 54.35%
Profit Quality 75.82%
Current Ratio 1.76
Quick Ratio 0.73
Altman-Z 3.63
F-Score8
WACC9.53%
ROIC/WACC0.6
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)49.6%
EPS 3Y-38.25%
EPS 5Y-0.12%
EPS Q2Q%3500%
EPS Next Y-11.39%
EPS Next 2Y9.75%
EPS Next 3Y13.67%
EPS Next 5Y23.52%
Revenue 1Y (TTM)4.61%
Revenue growth 3Y-16.26%
Revenue growth 5Y3.24%
Sales Q2Q%5.34%
Revenue Next Year2.3%
Revenue Next 2Y3.72%
Revenue Next 3Y5.37%
Revenue Next 5Y8.77%
EBIT growth 1Y15.97%
EBIT growth 3Y-39.2%
EBIT growth 5Y-2.09%
EBIT Next Year116.17%
EBIT Next 3Y40.21%
EBIT Next 5Y33.97%
FCF growth 1Y-59.76%
FCF growth 3Y-15.26%
FCF growth 5Y0.94%
OCF growth 1Y-52.24%
OCF growth 3Y-16.43%
OCF growth 5Y1.33%

THOR INDUSTRIES INC / THO Fundamental Analysis FAQ

What is the fundamental rating for THO stock?

ChartMill assigns a fundamental rating of 6 / 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 6 / 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 35.89%.