THOR INDUSTRIES INC (THO) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:THO - US8851601018 - Common Stock
105.99 USD
-1.31 (-1.22%)
105.99 USD
0 (0%)
Overall THO gets a fundamental rating of 6 out of 10. We evaluated THO 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 correct valuation and a medium growth rate. This makes THO very considerable for quality investing!
1. Profitability
1.1 Basic Checks
THO had positive earnings in the past year.
In the past year THO had a positive cash flow from operations.
Each year in the past 5 years THO has been profitable.
THO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 3.66%, THO belongs to the best of the industry, outperforming 86.11% of the companies in the same industry.
The Return On Equity of THO (6.03%) is better than 80.56% of its industry peers.
With an excellent Return On Invested Capital value of 5.12%, THO belongs to the best of the industry, outperforming 91.67% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for THO is in line with the industry average of 5.83%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.66% | ||
| ROE | 6.03% | ||
| ROIC | 5.12% |
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 2.70%, 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 3.64%, 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's Gross Margin of 13.99% is fine compared to the rest of the industry. THO outperforms 61.11% 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 Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.64% | ||
| PM (TTM) | 2.7% | ||
| GM | 13.99% |
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
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.
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 3.81. 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 3.81, THO belongs to the top of the industry, outperforming 88.89% of the companies in the same industry.
The Debt to FCF ratio of THO is 2.17, which is a good value as it means it would take THO, 2.17 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of THO (2.17) is better than 91.67% of its industry peers.
THO has a Debt/Equity ratio of 0.23. This is a healthy value indicating a solid balance between debt and equity.
THO's Debt to Equity ratio of 0.23 is amongst the best of the industry. THO outperforms 80.56% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 2.17 | ||
| Altman-Z | 3.81 |
ROIC/WACC0.57
WACC8.9%
2.3 Liquidity
A Current Ratio of 1.75 indicates that THO should not have too much problems paying its short term obligations.
THO has a Current ratio of 1.75. This is in the better half of the industry: THO outperforms 72.22% of its industry peers.
A Quick Ratio of 0.90 indicates that THO may have some problems paying its short term obligations.
THO has a Quick ratio (0.90) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.75 | ||
| Quick Ratio | 0.9 |
3. Growth
3.1 Past
The earnings per share for THO have decreased by -5.83% in the last year.
The Earnings Per Share has been decreasing by -0.12% on average over the past years.
THO shows a decrease in Revenue. In the last year, the revenue decreased by -4.62%.
The Revenue has been growing slightly by 3.24% on average over the past years.
EPS 1Y (TTM)-5.83%
EPS 3Y-38.25%
EPS 5Y-0.12%
EPS Q2Q%40.48%
Revenue 1Y (TTM)-4.62%
Revenue growth 3Y-16.26%
Revenue growth 5Y3.24%
Sales Q2Q%-0.41%
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
Based on estimates for the next years, THO will show a quite strong growth in Revenue. The Revenue will grow by 8.77% on average per year.
EPS Next Y-13.74%
EPS Next 2Y7.8%
EPS Next 3Y14.67%
EPS Next 5Y23.52%
Revenue Next Year1.16%
Revenue Next 2Y3.49%
Revenue Next 3Y4.81%
Revenue Next 5Y8.77%
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
With a Price/Earnings ratio of 21.85, THO is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of THO indicates a rather cheap valuation: THO is cheaper than 80.56% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 26.15. THO is around the same levels.
A Price/Forward Earnings ratio of 25.33 indicates a quite expensive 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.
When comparing the Price/Forward Earnings ratio of THO to the average of the S&P500 Index (36.12), we can say THO is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.85 | ||
| Fwd PE | 25.33 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, THO is valued cheaply inside the industry as 83.33% of the companies are valued more expensively.
THO's Price/Free Cash Flow ratio is rather cheap when compared to the industry. THO is cheaper than 88.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.26 | ||
| EV/EBITDA | 9.66 |
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 14.67% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y7.8%
EPS Next 3Y14.67%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.17%, 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 3.48. THO pays more dividend than 83.33% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, THO has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.17% |
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
41.05% 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.
DP41.05%
EPS Next 2Y7.8%
EPS Next 3Y14.67%
105.99
-1.31 (-1.22%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners108.51%
Inst Owner Change-8.47%
Ins Owners4.48%
Ins Owner Change4.01%
Market Cap5.58B
Revenue(TTM)9.58B
Net Income(TTM)258.56M
Analysts68
Price Target109.33 (3.15%)
Short Float %7.1%
Short Ratio5.49
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.17% |
Yearly Dividend2.01
Dividend Growth(5Y)4.66%
DP41.05%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)64.65%
Min EPS beat(2)41.04%
Max EPS beat(2)88.26%
EPS beat(4)2
Avg EPS beat(4)-22.35%
Min EPS beat(4)-114.48%
Max EPS beat(4)88.26%
EPS beat(8)5
Avg EPS beat(8)-11.96%
EPS beat(12)8
Avg EPS beat(12)6.36%
EPS beat(16)12
Avg EPS beat(16)13.18%
Revenue beat(2)2
Avg Revenue beat(2)8.72%
Min Revenue beat(2)7.12%
Max Revenue beat(2)10.32%
Revenue beat(4)3
Avg Revenue beat(4)3.34%
Min Revenue beat(4)-5.35%
Max Revenue beat(4)10.32%
Revenue beat(8)5
Avg Revenue beat(8)1.52%
Revenue beat(12)8
Avg Revenue beat(12)2.15%
Revenue beat(16)12
Avg Revenue beat(16)3.75%
PT rev (1m)1.59%
PT rev (3m)24.89%
EPS NQ rev (1m)-36.8%
EPS NQ rev (3m)-148.42%
EPS NY rev (1m)0%
EPS NY rev (3m)-5.48%
Revenue NQ rev (1m)-0.1%
Revenue NQ rev (3m)-3.27%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.85 | ||
| Fwd PE | 25.33 | ||
| P/S | 0.58 | ||
| P/FCF | 12.26 | ||
| P/OCF | 9.65 | ||
| P/B | 1.3 | ||
| P/tB | 3.3 | ||
| EV/EBITDA | 9.66 |
EPS(TTM)4.85
EY4.58%
EPS(NY)4.18
Fwd EY3.95%
FCF(TTM)8.64
FCFY8.16%
OCF(TTM)10.98
OCFY10.36%
SpS182.02
BVpS81.48
TBVpS32.08
PEG (NY)N/A
PEG (5Y)N/A
Graham Number94.3
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.66% | ||
| ROE | 6.03% | ||
| ROCE | 6.36% | ||
| ROIC | 5.12% | ||
| ROICexc | 5.72% | ||
| ROICexgc | 12.04% | ||
| OM | 3.64% | ||
| PM (TTM) | 2.7% | ||
| GM | 13.99% | ||
| FCFM | 4.75% |
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-Score6
Asset Turnover1.36
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 2.17 | ||
| Debt/EBITDA | 1.58 | ||
| Cap/Depr | 45.35% | ||
| Cap/Sales | 1.28% | ||
| Interest Coverage | 5.94 | ||
| Cash Conversion | 93.27% | ||
| Profit Quality | 175.95% | ||
| Current Ratio | 1.75 | ||
| Quick Ratio | 0.9 | ||
| Altman-Z | 3.81 |
F-Score6
WACC8.9%
ROIC/WACC0.57
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)-5.83%
EPS 3Y-38.25%
EPS 5Y-0.12%
EPS Q2Q%40.48%
EPS Next Y-13.74%
EPS Next 2Y7.8%
EPS Next 3Y14.67%
EPS Next 5Y23.52%
Revenue 1Y (TTM)-4.62%
Revenue growth 3Y-16.26%
Revenue growth 5Y3.24%
Sales Q2Q%-0.41%
Revenue Next Year1.16%
Revenue Next 2Y3.49%
Revenue Next 3Y4.81%
Revenue Next 5Y8.77%
EBIT growth 1Y-19.47%
EBIT growth 3Y-39.2%
EBIT growth 5Y-2.09%
EBIT Next Year111.82%
EBIT Next 3Y38.82%
EBIT Next 5Y33.97%
FCF growth 1Y12.08%
FCF growth 3Y-15.26%
FCF growth 5Y0.94%
OCF growth 1Y5.93%
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 6 / 10 to THO.
Can you provide the valuation status for THOR INDUSTRIES INC?
ChartMill assigns a valuation rating of 5 / 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 21.85 and the Price/Book (PB) ratio is 1.3.
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 -13.74% in the next year.