THOR INDUSTRIES INC (THO) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:THO - US8851601018 - Common Stock
102.46 USD
-1.44 (-1.39%)
102 USD
-0.46 (-0.45%)
THO gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 36 industry peers in the Automobiles industry. Both the health and profitability get an excellent rating, making THO a very profitable company, without any liquidiy or solvency issues. THO has a decent growth rate and is not valued too expensively. With these ratings, THO could be worth investigating further for quality investing!.
1. Profitability
1.1 Basic Checks
In the past year THO was profitable.
THO had a positive operating cash flow in the past year.
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
With an excellent Return On Assets value of 4.03%, THO belongs to the best of the industry, outperforming 88.89% of the companies in the same industry.
With an excellent Return On Equity value of 6.56%, THO belongs to the best of the industry, outperforming 80.56% of the companies in the same industry.
THO has a better Return On Invested Capital (5.48%) than 91.67% of its industry peers.
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 5.86%.
| 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 83.33% of the companies in the same industry.
In the last couple of years the Profit Margin of THO has remained more or less at the same level.
With an excellent Operating Margin value of 3.81%, THO belongs to the best of the industry, outperforming 80.56% 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 (14.05%) than 61.11% of its industry peers.
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.
THO has less shares outstanding than it did 1 year ago.
The number of shares outstanding for THO has been reduced compared to 5 years ago.
THO has a better debt/assets ratio than last year.
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.
THO's Altman-Z score of 3.88 is amongst the best of the industry. THO outperforms 91.67% of its industry peers.
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.
Looking at the Debt to FCF ratio, with a value of 2.63, THO belongs to the top of the industry, outperforming 88.89% of the companies in the same industry.
A Debt/Equity ratio of 0.23 indicates that THO is not too dependend on debt financing.
THO has a Debt to Equity ratio of 0.23. This is in the better half of the industry: THO outperforms 77.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 2.63 | ||
| Altman-Z | 3.88 |
ROIC/WACC0.61
WACC9.05%
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 75.00% of the companies in the same industry.
THO has a Quick Ratio of 1.81. 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 0.83. This is comparable to the rest of the industry: THO outperforms 52.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.81 | ||
| Quick Ratio | 0.83 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 28.09% over the past year.
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.
Measured over the past years, THO shows a small growth in Revenue. The Revenue has been growing by 3.24% on average per year.
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
The Earnings Per Share is expected to grow by 23.52% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 8.77% on average over the next years. This is quite good.
EPS Next Y-13.92%
EPS Next 2Y8.35%
EPS Next 3Y13.04%
EPS Next 5Y23.52%
Revenue Next Year1.01%
Revenue Next 2Y3.32%
Revenue Next 3Y4.81%
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.
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
A Price/Earnings ratio of 19.37 indicates a rather expensive valuation of THO.
Based on the Price/Earnings ratio, THO is valued cheaply inside the industry as 86.11% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.56, THO is valued a bit cheaper.
The Price/Forward Earnings ratio is 18.00, which indicates a rather expensive current valuation of THO.
THO's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. THO is cheaper than 72.22% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.79. THO is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.37 | ||
| Fwd PE | 18 |
4.2 Price Multiples
86.11% 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 cheaply inside the industry as 86.11% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.51 | ||
| EV/EBITDA | 9.05 |
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 13.04% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y8.35%
EPS Next 3Y13.04%
5. Dividend
5.1 Amount
THO has a Yearly Dividend Yield of 2.00%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 0.81, THO pays a better dividend. On top of this THO pays more dividend than 83.33% of the companies listed in the same industry.
THO's Dividend Yield is comparable with the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2% |
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 2Y8.35%
EPS Next 3Y13.04%
102.46
-1.44 (-1.39%)
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 Change4.01%
Market Cap5.41B
Revenue(TTM)9.83B
Net Income(TTM)282.06M
Analysts67.62
Price Target108.68 (6.07%)
Short Float %6.82%
Short Ratio5.82
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2% |
Yearly Dividend2.01
Dividend Growth(5Y)4.66%
DP37.63%
Div Incr Years0
Div Non Decr Years0
Ex-Date
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)-0.33%
PT rev (3m)18.03%
EPS NQ rev (1m)-16.01%
EPS NQ rev (3m)-52.26%
EPS NY rev (1m)-0.21%
EPS NY rev (3m)-5.69%
Revenue NQ rev (1m)0.15%
Revenue NQ rev (3m)-3.84%
Revenue NY rev (1m)-0.15%
Revenue NY rev (3m)-2.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.37 | ||
| Fwd PE | 18 | ||
| P/S | 0.55 | ||
| P/FCF | 14.51 | ||
| P/OCF | 10.78 | ||
| P/B | 1.26 | ||
| P/tB | 3.16 | ||
| EV/EBITDA | 9.05 |
EPS(TTM)5.29
EY5.16%
EPS(NY)5.69
Fwd EY5.56%
FCF(TTM)7.06
FCFY6.89%
OCF(TTM)9.51
OCFY9.28%
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
WACC9.05%
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-13.92%
EPS Next 2Y8.35%
EPS Next 3Y13.04%
EPS Next 5Y23.52%
Revenue 1Y (TTM)1.45%
Revenue growth 3Y-16.26%
Revenue growth 5Y3.24%
Sales Q2Q%11.5%
Revenue Next Year1.01%
Revenue Next 2Y3.32%
Revenue Next 3Y4.81%
Revenue Next 5Y8.77%
EBIT growth 1Y3.82%
EBIT growth 3Y-39.2%
EBIT growth 5Y-2.09%
EBIT Next Year109.2%
EBIT Next 3Y38.74%
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.
Can you provide the valuation status for THOR INDUSTRIES INC?
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.
Can you provide the PE and PB ratios for THO stock?
The Price/Earnings (PE) ratio for THOR INDUSTRIES INC (THO) is 19.37 and the Price/Book (PB) ratio is 1.26.
What is the earnings growth outlook for THOR INDUSTRIES INC?
The Earnings per Share (EPS) of THOR INDUSTRIES INC (THO) is expected to decline by -13.92% in the next year.