WINNEBAGO INDUSTRIES (WGO) Stock Fundamental Analysis
NYSE:WGO - New York Stock Exchange, Inc. - US9746371007 - Common Stock - Currency: USD
We assign a fundamental rating of 6 out of 10 to WGO. WGO was compared to 41 industry peers in the Automobiles industry. While WGO has a great health rating, its profitability is only average at the moment. A decent growth rate in combination with a cheap valuation! Better keep an eye on WGO. 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.
In the past year WGO had a positive cash flow from operations.
Each year in the past 5 years WGO has been profitable.
In the past 5 years WGO always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of -0.26%, WGO is doing good in the industry, outperforming 70.73% of the companies in the same industry.
WGO has a better Return On Equity (-0.47%) than 70.73% of its industry peers.
WGO has a better Return On Invested Capital (2.73%) than 73.17% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for WGO is above the industry average of 9.04%.
The last Return On Invested Capital (2.73%) for WGO is well below the 3 year average (13.73%), which needs to be investigated, but indicates that WGO had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.26% | ||
| ROE | -0.47% | ||
| ROIC | 2.73% |
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 2.29%, WGO is doing good in the industry, outperforming 70.73% of the companies in the same industry.
In the last couple of years the Operating Margin of WGO has declined.
The Gross Margin of WGO (13.52%) is comparable to the rest of the industry.
WGO's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.29% | ||
| PM (TTM) | N/A | ||
| GM | 13.52% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so WGO is still creating some value.
Compared to 1 year ago, WGO has less shares outstanding
Compared to 5 years ago, WGO has less shares outstanding
Compared to 1 year ago, WGO has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.20 indicates that WGO is not in any danger for bankruptcy at the moment.
WGO's Altman-Z score of 3.20 is amongst the best of the industry. WGO outperforms 87.80% of its industry peers.
WGO has a debt to FCF ratio of 8.28. This is a slightly negative value and a sign of low solvency as WGO would need 8.28 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 8.28, WGO belongs to the top of the industry, outperforming 85.37% of the companies in the same industry.
WGO has a Debt/Equity ratio of 0.44. This is a healthy value indicating a solid balance between debt and equity.
WGO has a Debt to Equity ratio of 0.44. This is comparable to the rest of the industry: WGO outperforms 56.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 8.28 | ||
| Altman-Z | 3.2 |
ROIC/WACC0.26
WACC10.56%
2.3 Liquidity
A Current Ratio of 2.17 indicates that WGO has no problem at all paying its short term obligations.
With an excellent Current ratio value of 2.17, WGO belongs to the best of the industry, outperforming 80.49% of the companies in the same industry.
WGO has a Quick Ratio of 2.17. This is a bad value and indicates that WGO is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.94, WGO is in line with its industry, outperforming 56.10% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.17 | ||
| Quick Ratio | 0.94 |
3. Growth
3.1 Past
WGO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -72.50%.
The Earnings Per Share has been decreasing by -0.86% on average over the past years.
WGO shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -12.29%.
WGO shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.41% yearly.
EPS 1Y (TTM)-72.5%
EPS 3Y-26.43%
EPS 5Y-0.86%
EPS Q2Q%-79.57%
Revenue 1Y (TTM)-12.29%
Revenue growth 3Y-6.43%
Revenue growth 5Y8.41%
Sales Q2Q%-11.85%
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 23.65% on average per year.
WGO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.43% yearly.
EPS Next Y-14.35%
EPS Next 2Y11.46%
EPS Next 3Y25.07%
EPS Next 5Y23.65%
Revenue Next Year-3.86%
Revenue Next 2Y2.42%
Revenue Next 3Y4.12%
Revenue Next 5Y5.43%
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 19.48, the valuation of WGO can be described as rather expensive.
WGO's Price/Earnings ratio is rather cheap when compared to the industry. WGO is cheaper than 80.49% of the companies in the same industry.
WGO's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.29.
With a Price/Forward Earnings ratio of 7.24, the valuation of WGO can be described as very cheap.
87.80% of the companies in the same industry are more expensive than WGO, based on the Price/Forward Earnings ratio.
WGO is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.08, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.48 | ||
| Fwd PE | 7.24 |
4.2 Price Multiples
WGO's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. WGO is cheaper than 80.49% 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 92.68% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.86 | ||
| EV/EBITDA | 10.82 |
4.3 Compensation for Growth
WGO has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as WGO's earnings are expected to grow with 25.07% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y11.46%
EPS Next 3Y25.07%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.45%, WGO is a good candidate for dividend investing.
The stock price of WGO dropped by -35.96% 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.
WGO's Dividend Yield is rather good when compared to the industry average which is at 5.13. WGO pays more dividend than 92.68% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.52, WGO pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.45% |
5.2 History
On average, the dividend of WGO grows each year by 23.63%, which is quite nice.
WGO has paid a dividend for at least 10 years, which is a reliable track record.
WGO has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)23.63%
Div Incr Years6
Div Non Decr Years10
5.3 Sustainability
WGO has negative earnings and hence a negative payout ratio. The dividend may be in danger.
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-664.91%
EPS Next 2Y11.46%
EPS Next 3Y25.07%
30.58
+0.94 (+3.17%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)
Earnings (Next)
Inst Owners112.84%
Inst Owner Change-0.05%
Ins Owners3.48%
Ins Owner Change0.12%
Market Cap857.16M
Analysts77.78
Price Target50.81 (66.15%)
Short Float %16.24%
Short Ratio5.7
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.45% |
Yearly Dividend1.26
Dividend Growth(5Y)23.63%
DP-664.91%
Div Incr Years6
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-35.28%
Min EPS beat(2)-114.83%
Max EPS beat(2)44.27%
EPS beat(4)1
Avg EPS beat(4)-38.68%
Min EPS beat(4)-114.83%
Max EPS beat(4)44.27%
EPS beat(8)4
Avg EPS beat(8)-15.42%
EPS beat(12)8
Avg EPS beat(12)-1.29%
EPS beat(16)12
Avg EPS beat(16)5.75%
Revenue beat(2)0
Avg Revenue beat(2)-4.14%
Min Revenue beat(2)-7.86%
Max Revenue beat(2)-0.42%
Revenue beat(4)0
Avg Revenue beat(4)-2.93%
Min Revenue beat(4)-7.86%
Max Revenue beat(4)-0.42%
Revenue beat(8)1
Avg Revenue beat(8)-2.25%
Revenue beat(12)5
Avg Revenue beat(12)1.89%
Revenue beat(16)9
Avg Revenue beat(16)3.79%
PT rev (1m)-18.69%
PT rev (3m)-22.88%
EPS NQ rev (1m)-15.1%
EPS NQ rev (3m)-1.66%
EPS NY rev (1m)-12.29%
EPS NY rev (3m)-15.38%
Revenue NQ rev (1m)-5.9%
Revenue NQ rev (3m)-3.52%
Revenue NY rev (1m)-3.09%
Revenue NY rev (3m)-3.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.48 | ||
| Fwd PE | 7.24 | ||
| P/S | 0.31 | ||
| P/FCF | 11.86 | ||
| P/OCF | 7.59 | ||
| P/B | 0.7 | ||
| P/tB | 3.24 | ||
| EV/EBITDA | 10.82 |
EPS(TTM)1.57
EY5.13%
EPS(NY)4.22
Fwd EY13.81%
FCF(TTM)2.58
FCFY8.43%
OCF(TTM)4.03
OCFY13.17%
SpS98.21
BVpS43.39
TBVpS9.43
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.26% | ||
| ROE | -0.47% | ||
| ROCE | 3.46% | ||
| ROIC | 2.73% | ||
| ROICexc | 2.91% | ||
| ROICexgc | 6.6% | ||
| OM | 2.29% | ||
| PM (TTM) | N/A | ||
| GM | 13.52% | ||
| FCFM | 2.63% |
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-Score4
Asset Turnover1.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 8.28 | ||
| Debt/EBITDA | 4.35 | ||
| Cap/Depr | 66.56% | ||
| Cap/Sales | 1.47% | ||
| Interest Coverage | 1.94 | ||
| Cash Conversion | 91.12% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.17 | ||
| Quick Ratio | 0.94 | ||
| Altman-Z | 3.2 |
F-Score4
WACC10.56%
ROIC/WACC0.26
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)-72.5%
EPS 3Y-26.43%
EPS 5Y-0.86%
EPS Q2Q%-79.57%
EPS Next Y-14.35%
EPS Next 2Y11.46%
EPS Next 3Y25.07%
EPS Next 5Y23.65%
Revenue 1Y (TTM)-12.29%
Revenue growth 3Y-6.43%
Revenue growth 5Y8.41%
Sales Q2Q%-11.85%
Revenue Next Year-3.86%
Revenue Next 2Y2.42%
Revenue Next 3Y4.12%
Revenue Next 5Y5.43%
EBIT growth 1Y-70.4%
EBIT growth 3Y-31.31%
EBIT growth 5Y-3.65%
EBIT Next Year6.89%
EBIT Next 3Y27.37%
EBIT Next 5Y19.38%
FCF growth 1Y-73.93%
FCF growth 3Y-19.89%
FCF growth 5Y1.26%
OCF growth 1Y-69.59%
OCF growth 3Y-15.36%
OCF growth 5Y1.47%