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 37 industry peers in the Automobiles industry. THO has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. THO has a decent growth rate and is not valued too expensively.
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 3.11%, THO belongs to the best of the industry, outperforming 86.49% of the companies in the same industry.
THO's Return On Equity of 5.28% is fine compared to the rest of the industry. THO outperforms 72.97% of its industry peers.
THO has a better Return On Invested Capital (4.61%) than 83.78% of its industry peers.
The Average Return On Invested Capital over the past 3 years for THO is above the industry average of 6.62%.
The 3 year average ROIC (11.53%) for THO is well above the current ROIC(4.61%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.11% | ||
| ROE | 5.28% | ||
| ROIC | 4.61% |
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 (2.32%) is better than 72.97% of its industry peers.
In the last couple of years the Profit Margin of THO has grown nicely.
THO's Operating Margin of 3.55% is fine compared to the rest of the industry. THO outperforms 75.68% of its industry peers.
In the last couple of years the Operating Margin of THO has remained more or less at the same level.
THO's Gross Margin of 14.30% is fine compared to the rest of the industry. THO outperforms 62.16% of its industry peers.
In the last couple of years the Gross Margin of THO has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.55% | ||
| PM (TTM) | 2.32% | ||
| GM | 14.3% |
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
THO has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
THO has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, THO has less shares outstanding
Compared to 1 year ago, THO has an improved debt to assets ratio.
2.2 Solvency
THO has an Altman-Z score of 3.56. This indicates that THO is financially healthy and has little risk of bankruptcy at the moment.
THO has a Altman-Z score of 3.56. This is amongst the best in the industry. THO outperforms 89.19% of its industry peers.
THO has a debt to FCF ratio of 2.01. This is a good value and a sign of high solvency as THO would need 2.01 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 2.01, THO belongs to the best of the industry, outperforming 94.59% of the companies in the same industry.
THO has a Debt/Equity ratio of 0.26. This is a healthy value indicating a solid balance between debt and equity.
THO has a Debt to Equity ratio of 0.26. This is in the better half of the industry: THO outperforms 78.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 2.01 | ||
| Altman-Z | 3.56 |
ROIC/WACC0.34
WACC13.72%
2.3 Liquidity
A Current Ratio of 1.71 indicates that THO should not have too much problems paying its short term obligations.
THO has a better Current ratio (1.71) than 70.27% 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.
Looking at the Quick ratio, with a value of 0.90, THO is in line with its industry, outperforming 56.76% of the companies in the same industry.
THO does not score too well on the current and quick ratio evaluation. However, as it has 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 | 0.9 |
3. Growth
3.1 Past
The earnings per share for THO have decreased strongly by -19.03% in the last year.
Measured over the past years, THO shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.50% on average per year.
Looking at the last year, THO shows a decrease in Revenue. The Revenue has decreased by -6.42% in the last year.
The Revenue has been growing slightly by 5.01% on average over the past years.
EPS 1Y (TTM)-19.03%
EPS 3Y-24.23%
EPS 5Y-0.5%
EPS Q2Q%18.78%
Revenue 1Y (TTM)-6.42%
Revenue growth 3Y-6.58%
Revenue growth 5Y5.01%
Sales Q2Q%3.35%
3.2 Future
THO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.06% yearly.
The Revenue is expected to grow by 7.06% on average over the next years.
EPS Next Y-24.59%
EPS Next 2Y-4.24%
EPS Next 3Y7.13%
EPS Next 5Y21.06%
Revenue Next Year-6.01%
Revenue Next 2Y-1.1%
Revenue Next 3Y1.31%
Revenue Next 5Y7.06%
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
A Price/Earnings ratio of 22.36 indicates a rather expensive valuation of THO.
Compared to the rest of the industry, the Price/Earnings ratio of THO indicates a rather cheap valuation: THO is cheaper than 83.78% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.30. THO is around the same levels.
A Price/Forward Earnings ratio of 19.74 indicates a rather expensive 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 72.97% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.76. THO is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.36 | ||
| Fwd PE | 19.74 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, THO is valued cheaply inside the industry as 83.78% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, THO is valued cheaper than 94.59% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.21 | ||
| EV/EBITDA | 9.03 |
4.3 Compensation for Growth
THO has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-4.24%
EPS Next 3Y7.13%
5. Dividend
5.1 Amount
THO has a Yearly Dividend Yield of 2.16%. Purely for dividend investing, there may be better candidates out there.
THO's Dividend Yield is rather good when compared to the industry average which is at 3.71. THO pays more dividend than 83.78% of the companies in the same industry.
THO's Dividend Yield is comparable with the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.16% |
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.
Dividend Growth(5Y)4.27%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
47.20% 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.
DP47.2%
EPS Next 2Y-4.24%
EPS Next 3Y7.13%
93.23
-1.38 (-1.46%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners105.83%
Inst Owner Change0%
Ins Owners4.51%
Ins Owner Change-0.88%
Market Cap4.96B
Analysts56.67
Price Target86.42 (-7.3%)
Short Float %10.26%
Short Ratio7.11
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.16% |
Yearly Dividend1.92
Dividend Growth(5Y)4.27%
DP47.2%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-36.72%
Min EPS beat(2)-114.48%
Max EPS beat(2)41.04%
EPS beat(4)2
Avg EPS beat(4)-37.43%
Min EPS beat(4)-114.48%
Max EPS beat(4)41.04%
EPS beat(8)5
Avg EPS beat(8)-13.79%
EPS beat(12)8
Avg EPS beat(12)1.59%
EPS beat(16)12
Avg EPS beat(16)10.15%
Revenue beat(2)2
Avg Revenue beat(2)5.79%
Min Revenue beat(2)1.26%
Max Revenue beat(2)10.32%
Revenue beat(4)3
Avg Revenue beat(4)1.95%
Min Revenue beat(4)-5.35%
Max Revenue beat(4)10.32%
Revenue beat(8)5
Avg Revenue beat(8)2.14%
Revenue beat(12)8
Avg Revenue beat(12)1.8%
Revenue beat(16)12
Avg Revenue beat(16)3.73%
PT rev (1m)1.75%
PT rev (3m)-5.19%
EPS NQ rev (1m)-9.68%
EPS NQ rev (3m)-29.89%
EPS NY rev (1m)9.28%
EPS NY rev (3m)6.54%
Revenue NQ rev (1m)-0.46%
Revenue NQ rev (3m)-5.49%
Revenue NY rev (1m)1.56%
Revenue NY rev (3m)1.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.36 | ||
| Fwd PE | 19.74 | ||
| P/S | 0.52 | ||
| P/FCF | 9.21 | ||
| P/OCF | 7.55 | ||
| P/B | 1.17 | ||
| P/tB | 3.1 | ||
| EV/EBITDA | 9.03 |
EPS(TTM)4.17
EY4.47%
EPS(NY)4.72
Fwd EY5.07%
FCF(TTM)10.13
FCFY10.86%
OCF(TTM)12.35
OCFY13.25%
SpS180.26
BVpS79.39
TBVpS30.11
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.11% | ||
| ROE | 5.28% | ||
| ROCE | 6.18% | ||
| ROIC | 4.61% | ||
| ROICexc | 5.07% | ||
| ROICexgc | 10.49% | ||
| OM | 3.55% | ||
| PM (TTM) | 2.32% | ||
| GM | 14.3% | ||
| FCFM | 5.62% |
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 Turnover1.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 2.01 | ||
| Debt/EBITDA | 1.76 | ||
| Cap/Depr | 43.38% | ||
| Cap/Sales | 1.24% | ||
| Interest Coverage | 5.09 | ||
| Cash Conversion | 107.03% | ||
| Profit Quality | 241.75% | ||
| Current Ratio | 1.71 | ||
| Quick Ratio | 0.9 | ||
| Altman-Z | 3.56 |
F-Score7
WACC13.72%
ROIC/WACC0.34
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)-19.03%
EPS 3Y-24.23%
EPS 5Y-0.5%
EPS Q2Q%18.78%
EPS Next Y-24.59%
EPS Next 2Y-4.24%
EPS Next 3Y7.13%
EPS Next 5Y21.06%
Revenue 1Y (TTM)-6.42%
Revenue growth 3Y-6.58%
Revenue growth 5Y5.01%
Sales Q2Q%3.35%
Revenue Next Year-6.01%
Revenue Next 2Y-1.1%
Revenue Next 3Y1.31%
Revenue Next 5Y7.06%
EBIT growth 1Y-22.93%
EBIT growth 3Y-22.74%
EBIT growth 5Y3.77%
EBIT Next Year47.97%
EBIT Next 3Y28.16%
EBIT Next 5Y25.93%
FCF growth 1Y-10.92%
FCF growth 3Y0.69%
FCF growth 5Y1.45%
OCF growth 1Y-20.51%
OCF growth 3Y1.19%
OCF growth 5Y1.44%