WINNEBAGO INDUSTRIES (WGO) Stock Fundamental Analysis
NYSE:WGO - New York Stock Exchange, Inc. - US9746371007 - Common Stock - Currency: USD
Taking everything into account, WGO scores 6 out of 10 in our fundamental rating. WGO was compared to 40 industry peers in the Automobiles industry. WGO is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. A decent growth rate in combination with a cheap valuation! Better keep an eye on WGO. Finally WGO also has an excellent dividend rating. With these ratings, WGO could be worth investigating further for value and dividend investing!.
1. Profitability
1.1 Basic Checks
In the past year WGO was profitable.
WGO had a positive operating cash flow in the past year.
WGO had positive earnings in each of the past 5 years.
In the past 5 years WGO always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of WGO (-0.78%) is better than 67.50% of its industry peers.
With a decent Return On Equity value of -1.45%, WGO is doing good in the industry, outperforming 67.50% of the companies in the same industry.
WGO has a better Return On Invested Capital (3.67%) than 72.50% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for WGO is above the industry average of 8.96%.
The 3 year average ROIC (13.73%) for WGO is well above the current ROIC(3.67%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.78% | ||
| ROE | -1.45% | ||
| ROIC | 3.67% |
ROA(3y)8.53%
ROA(5y)8.57%
ROE(3y)15.91%
ROE(5y)16.36%
ROIC(3y)13.73%
ROIC(5y)13.49%
1.3 Margins
WGO's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 3.19%, WGO is doing good in the industry, outperforming 75.00% of the companies in the same industry.
In the last couple of years the Operating Margin of WGO has declined.
WGO has a Gross Margin of 13.91%. This is comparable to the rest of the industry: WGO outperforms 60.00% of its industry peers.
WGO's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.19% | ||
| PM (TTM) | N/A | ||
| GM | 13.91% |
OM growth 3Y-26.59%
OM growth 5Y-11.13%
PM growth 3Y-61.67%
PM growth 5Y-40.02%
GM growth 3Y-6.64%
GM growth 5Y-1.29%
2. Health
2.1 Basic Checks
WGO has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
WGO has less shares outstanding than it did 1 year ago.
The number of shares outstanding for WGO has been reduced compared to 5 years ago.
The debt/assets ratio for WGO is higher compared to a year ago.
2.2 Solvency
WGO has an Altman-Z score of 3.31. This indicates that WGO is financially healthy and has little risk of bankruptcy at the moment.
WGO has a better Altman-Z score (3.31) than 87.50% of its industry peers.
WGO has a debt to FCF ratio of 6.61. This is a slightly negative value and a sign of low solvency as WGO would need 6.61 years to pay back of all of its debts.
The Debt to FCF ratio of WGO (6.61) is better than 90.00% of its industry peers.
A Debt/Equity ratio of 0.51 indicates that WGO is somewhat dependend on debt financing.
WGO has a Debt to Equity ratio (0.51) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 6.61 | ||
| Altman-Z | 3.31 |
ROIC/WACC0.33
WACC11.22%
2.3 Liquidity
WGO has a Current Ratio of 2.58. This indicates that WGO is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.58, WGO belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
WGO has a Quick Ratio of 1.34. This is a normal value and indicates that WGO is financially healthy and should not expect problems in meeting its short term obligations.
WGO's Quick ratio of 1.34 is fine compared to the rest of the industry. WGO outperforms 72.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.58 | ||
| Quick Ratio | 1.34 |
3. Growth
3.1 Past
The earnings per share for WGO have decreased strongly by -65.32% in the last year.
Measured over the past years, WGO shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.86% on average per year.
The Revenue for WGO has decreased by -14.10% in the past year. This is quite bad
The Revenue has been growing by 8.41% on average over the past years. This is quite good.
EPS 1Y (TTM)-65.32%
EPS 3Y-26.43%
EPS 5Y-0.86%
EPS Q2Q%-102.83%
Revenue 1Y (TTM)-14.1%
Revenue growth 3Y-6.43%
Revenue growth 5Y8.41%
Sales Q2Q%-18.01%
3.2 Future
Based on estimates for the next years, WGO will show a very strong growth in Earnings Per Share. The EPS will grow by 25.04% on average per year.
Based on estimates for the next years, WGO will show a small growth in Revenue. The Revenue will grow by 6.54% on average per year.
EPS Next Y-2.34%
EPS Next 2Y18.1%
EPS Next 3Y33.67%
EPS Next 5Y25.04%
Revenue Next Year-0.8%
Revenue Next 2Y4.06%
Revenue Next 3Y5.86%
Revenue Next 5Y6.54%
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 16.32, the valuation of WGO can be described as correct.
80.00% of the companies in the same industry are more expensive than WGO, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 29.35, WGO is valued a bit cheaper.
The Price/Forward Earnings ratio is 7.95, which indicates a rather cheap valuation of WGO.
Compared to the rest of the industry, the Price/Forward Earnings ratio of WGO indicates a rather cheap valuation: WGO is cheaper than 87.50% of the companies listed in the same industry.
WGO is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.10, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.32 | ||
| Fwd PE | 7.95 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, WGO is valued a bit cheaper than 80.00% of the companies in the same industry.
WGO's Price/Free Cash Flow ratio is rather cheap when compared to the industry. WGO is cheaper than 90.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.16 | ||
| EV/EBITDA | 9.99 |
4.3 Compensation for Growth
WGO has a very decent profitability rating, which may justify a higher PE ratio.
WGO's earnings are expected to grow with 33.67% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y18.1%
EPS Next 3Y33.67%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.69%, WGO has a reasonable but not impressive dividend return.
In the last 3 months the price of WGO has falen by -33.95%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 4.20, WGO pays a better dividend. On top of this WGO pays more dividend than 92.50% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.33, WGO pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.69% |
5.2 History
The dividend of WGO is nicely growing with an annual growth rate of 23.63%!
WGO has been paying a dividend for at least 10 years, so it has a reliable track record.
WGO has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)23.63%
Div Incr Years6
Div Non Decr Years10
5.3 Sustainability
The earnings of WGO are negative and hence is the payout ratio. WGO will probably not be able to sustain this dividend level.
The dividend of WGO is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP-207.78%
EPS Next 2Y18.1%
EPS Next 3Y33.67%
37.7
+0.85 (+2.31%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners112.84%
Inst Owner Change-0.69%
Ins Owners3.48%
Ins Owner Change3.03%
Market Cap1.07B
Analysts77.78
Price Target62.5 (65.78%)
Short Float %16.41%
Short Ratio5.71
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.69% |
Yearly Dividend1.26
Dividend Growth(5Y)23.63%
DP-207.78%
Div Incr Years6
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-91.83%
Min EPS beat(2)-114.83%
Max EPS beat(2)-68.83%
EPS beat(4)1
Avg EPS beat(4)-47.53%
Min EPS beat(4)-114.83%
Max EPS beat(4)8.9%
EPS beat(8)4
Avg EPS beat(8)-14.79%
EPS beat(12)8
Avg EPS beat(12)-4.5%
EPS beat(16)12
Avg EPS beat(16)6.01%
Revenue beat(2)0
Avg Revenue beat(2)-4.3%
Min Revenue beat(2)-7.86%
Max Revenue beat(2)-0.75%
Revenue beat(4)0
Avg Revenue beat(4)-3.18%
Min Revenue beat(4)-7.86%
Max Revenue beat(4)-0.75%
Revenue beat(8)2
Avg Revenue beat(8)-1.41%
Revenue beat(12)6
Avg Revenue beat(12)2.32%
Revenue beat(16)10
Avg Revenue beat(16)4.03%
PT rev (1m)-0.15%
PT rev (3m)-5.59%
EPS NQ rev (1m)-8.13%
EPS NQ rev (3m)-69.94%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.19%
Revenue NQ rev (1m)-0.35%
Revenue NQ rev (3m)-8.03%
Revenue NY rev (1m)-0.17%
Revenue NY rev (3m)-1.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.32 | ||
| Fwd PE | 7.95 | ||
| P/S | 0.38 | ||
| P/FCF | 10.16 | ||
| P/OCF | 7.21 | ||
| P/B | 0.86 | ||
| P/tB | 3.79 | ||
| EV/EBITDA | 9.99 |
EPS(TTM)2.31
EY6.13%
EPS(NY)4.74
Fwd EY12.58%
FCF(TTM)3.71
FCFY9.84%
OCF(TTM)5.23
OCFY13.88%
SpS99.86
BVpS43.67
TBVpS9.95
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.78% | ||
| ROE | -1.45% | ||
| ROCE | 4.65% | ||
| ROIC | 3.67% | ||
| ROICexc | 4.25% | ||
| ROICexgc | 9.85% | ||
| OM | 3.19% | ||
| PM (TTM) | N/A | ||
| GM | 13.91% | ||
| FCFM | 3.72% |
ROA(3y)8.53%
ROA(5y)8.57%
ROE(3y)15.91%
ROE(5y)16.36%
ROIC(3y)13.73%
ROIC(5y)13.49%
ROICexc(3y)16.2%
ROICexc(5y)16.7%
ROICexgc(3y)39.6%
ROICexgc(5y)42.33%
ROCE(3y)17.39%
ROCE(5y)17.07%
ROICexcg growth 3Y-38.91%
ROICexcg growth 5Y-16.35%
ROICexc growth 3Y-37.86%
ROICexc growth 5Y-15.23%
OM growth 3Y-26.59%
OM growth 5Y-11.13%
PM growth 3Y-61.67%
PM growth 5Y-40.02%
GM growth 3Y-6.64%
GM growth 5Y-1.29%
F-Score3
Asset Turnover1.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 6.61 | ||
| Debt/EBITDA | 4.23 | ||
| Cap/Depr | 71.76% | ||
| Cap/Sales | 1.52% | ||
| Interest Coverage | 3.33 | ||
| Cash Conversion | 98.61% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.58 | ||
| Quick Ratio | 1.34 | ||
| Altman-Z | 3.31 |
F-Score3
WACC11.22%
ROIC/WACC0.33
Cap/Depr(3y)139.38%
Cap/Depr(5y)128.21%
Cap/Sales(3y)1.89%
Cap/Sales(5y)1.66%
Profit Quality(3y)312.89%
Profit Quality(5y)278.91%
High Growth Momentum
Growth
EPS 1Y (TTM)-65.32%
EPS 3Y-26.43%
EPS 5Y-0.86%
EPS Q2Q%-102.83%
EPS Next Y-2.34%
EPS Next 2Y18.1%
EPS Next 3Y33.67%
EPS Next 5Y25.04%
Revenue 1Y (TTM)-14.1%
Revenue growth 3Y-6.43%
Revenue growth 5Y8.41%
Sales Q2Q%-18.01%
Revenue Next Year-0.8%
Revenue Next 2Y4.06%
Revenue Next 3Y5.86%
Revenue Next 5Y6.54%
EBIT growth 1Y-64.36%
EBIT growth 3Y-31.31%
EBIT growth 5Y-3.65%
EBIT Next Year17.18%
EBIT Next 3Y20.19%
EBIT Next 5Y20.58%
FCF growth 1Y-62.55%
FCF growth 3Y-19.89%
FCF growth 5Y1.26%
OCF growth 1Y-60.26%
OCF growth 3Y-15.36%
OCF growth 5Y1.47%