WABASH NATIONAL CORP (WNC) Stock Fundamental Analysis
NYSE:WNC - New York Stock Exchange, Inc. - US9295661071 - Common Stock - Currency: USD
Overall WNC gets a fundamental rating of 3 out of 10. We evaluated WNC against 128 industry peers in the Machinery industry. Both the profitability and financial health of WNC have multiple concerns. WNC has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year WNC was profitable.
In the past year WNC had a positive cash flow from operations.
In multiple years WNC reported negative net income over the last 5 years.
WNC had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
WNC has a worse Return On Assets (-20.13%) than 82.03% of its industry peers.
With a Return On Equity value of -150.44%, WNC is not doing good in the industry: 89.84% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -20.13% | ||
| ROE | -150.44% | ||
| ROIC | N/A |
ROA(3y)2.06%
ROA(5y)-0.42%
ROE(3y)-26.71%
ROE(5y)-20.76%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
WNC's Gross Margin of 13.62% is on the low side compared to the rest of the industry. WNC is outperformed by 82.81% of its industry peers.
In the last couple of years the Gross Margin of WNC has remained more or less at the same level.
WNC does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 13.62% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y7.71%
GM growth 5Y0.61%
2. Health
2.1 Basic Checks
WNC does not have a ROIC to compare to the WACC, probably because it is not profitable.
WNC has less shares outstanding than it did 1 year ago.
The number of shares outstanding for WNC has been reduced compared to 5 years ago.
The debt/assets ratio for WNC has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.11, we must say that WNC is in the distress zone and has some risk of bankruptcy.
WNC's Altman-Z score of 1.11 is on the low side compared to the rest of the industry. WNC is outperformed by 76.56% of its industry peers.
The Debt to FCF ratio of WNC is 10.41, which is on the high side as it means it would take WNC, 10.41 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 10.41, WNC is not doing good in the industry: 60.94% of the companies in the same industry are doing better.
WNC has a Debt/Equity ratio of 2.10. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 2.10, WNC is not doing good in the industry: 85.94% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.1 | ||
| Debt/FCF | 10.41 | ||
| Altman-Z | 1.11 |
ROIC/WACCN/A
WACC9.1%
2.3 Liquidity
A Current Ratio of 1.93 indicates that WNC should not have too much problems paying its short term obligations.
The Current ratio of WNC (1.93) is comparable to the rest of the industry.
A Quick Ratio of 1.09 indicates that WNC should not have too much problems paying its short term obligations.
WNC has a worse Quick ratio (1.09) than 61.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.93 | ||
| Quick Ratio | 1.09 |
3. Growth
3.1 Past
The earnings per share for WNC have decreased strongly by -74.74% in the last year.
WNC shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -5.63% yearly.
The Revenue for WNC has decreased by -23.25% in the past year. This is quite bad
Measured over the past years, WNC shows a decrease in Revenue. The Revenue has been decreasing by -3.44% on average per year.
EPS 1Y (TTM)-74.74%
EPS 3Y29.64%
EPS 5Y-5.63%
EPS Q2Q%-101.83%
Revenue 1Y (TTM)-23.25%
Revenue growth 3Y2.58%
Revenue growth 5Y-3.44%
Sales Q2Q%-30.08%
3.2 Future
The Earnings Per Share is expected to grow by 18.63% on average over the next years. This is quite good.
WNC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.82% yearly.
EPS Next Y-40.35%
EPS Next 2Y18.63%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-2.8%
Revenue Next 2Y5.82%
Revenue Next 3YN/A
Revenue Next 5YN/A
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
The Price/Earnings ratio is 8.12, which indicates a very decent valuation of WNC.
Based on the Price/Earnings ratio, WNC is valued cheaply inside the industry as 90.63% of the companies are valued more expensively.
WNC's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.63.
With a Price/Forward Earnings ratio of 13.62, WNC is valued correctly.
Based on the Price/Forward Earnings ratio, WNC is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.85, WNC is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.12 | ||
| Fwd PE | 13.62 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, WNC is valued cheaper than 85.16% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.99 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A more expensive valuation may be justified as WNC's earnings are expected to grow with 18.63% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y18.63%
EPS Next 3YN/A
5. Dividend
5.1 Amount
WNC has a Yearly Dividend Yield of 3.14%. Purely for dividend investing, there may be better candidates out there.
In the last 3 months the price of WNC has falen by -36.43%. 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 2.12, WNC pays a better dividend. On top of this WNC pays more dividend than 92.19% of the companies listed in the same industry.
WNC's Dividend Yield is a higher than the S&P500 average which is at 2.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.14% |
5.2 History
The dividend of WNC has a limited annual growth rate of 0.43%.
WNC has paid a dividend for at least 10 years, which is a reliable track record.
WNC has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)0.43%
Div Incr Years0
Div Non Decr Years4
5.3 Sustainability
WNC has negative earnings and hence a negative payout ratio. The dividend may be in danger.
WNC's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-5.2%
EPS Next 2Y18.63%
EPS Next 3YN/A
9.91
-0.27 (-2.65%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners106.33%
Inst Owner Change-0.11%
Ins Owners3.13%
Ins Owner Change10.47%
Market Cap419.09M
Analysts76.67
Price Target17.34 (74.97%)
Short Float %7.1%
Short Ratio2.96
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.14% |
Yearly Dividend0.33
Dividend Growth(5Y)0.43%
DP-5.2%
Div Incr Years0
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-99.15%
Min EPS beat(2)-179.21%
Max EPS beat(2)-19.09%
EPS beat(4)1
Avg EPS beat(4)-48.64%
Min EPS beat(4)-179.21%
Max EPS beat(4)14.17%
EPS beat(8)5
Avg EPS beat(8)-4.22%
EPS beat(12)9
Avg EPS beat(12)11.13%
EPS beat(16)12
Avg EPS beat(16)190.38%
Revenue beat(2)0
Avg Revenue beat(2)-1.9%
Min Revenue beat(2)-3.75%
Max Revenue beat(2)-0.06%
Revenue beat(4)0
Avg Revenue beat(4)-3.36%
Min Revenue beat(4)-8.34%
Max Revenue beat(4)-0.06%
Revenue beat(8)0
Avg Revenue beat(8)-4.72%
Revenue beat(12)3
Avg Revenue beat(12)-1.68%
Revenue beat(16)3
Avg Revenue beat(16)-2.37%
PT rev (1m)-8.11%
PT rev (3m)-20.93%
EPS NQ rev (1m)-1.92%
EPS NQ rev (3m)-1556.25%
EPS NY rev (1m)-14.78%
EPS NY rev (3m)-43.4%
Revenue NQ rev (1m)-1.13%
Revenue NQ rev (3m)0.25%
Revenue NY rev (1m)-3.1%
Revenue NY rev (3m)-2.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.12 | ||
| Fwd PE | 13.62 | ||
| P/S | 0.22 | ||
| P/FCF | 10.99 | ||
| P/OCF | 3.57 | ||
| P/B | 2.22 | ||
| P/tB | N/A | ||
| EV/EBITDA | N/A |
EPS(TTM)1.22
EY12.31%
EPS(NY)0.73
Fwd EY7.34%
FCF(TTM)0.9
FCFY9.1%
OCF(TTM)2.77
OCFY27.98%
SpS46.03
BVpS4.47
TBVpS-1.75
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -20.13% | ||
| ROE | -150.44% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 13.62% | ||
| FCFM | 1.96% |
ROA(3y)2.06%
ROA(5y)-0.42%
ROE(3y)-26.71%
ROE(5y)-20.76%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y7.71%
GM growth 5Y0.61%
F-Score4
Asset Turnover1.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.1 | ||
| Debt/FCF | 10.41 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 138.87% | ||
| Cap/Sales | 4.07% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.93 | ||
| Quick Ratio | 1.09 | ||
| Altman-Z | 1.11 |
F-Score4
WACC9.1%
ROIC/WACCN/A
Cap/Depr(3y)163.11%
Cap/Depr(5y)126.37%
Cap/Sales(3y)3.48%
Cap/Sales(5y)2.9%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-74.74%
EPS 3Y29.64%
EPS 5Y-5.63%
EPS Q2Q%-101.83%
EPS Next Y-40.35%
EPS Next 2Y18.63%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-23.25%
Revenue growth 3Y2.58%
Revenue growth 5Y-3.44%
Sales Q2Q%-30.08%
Revenue Next Year-2.8%
Revenue Next 2Y5.82%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-213.9%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year28.35%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-82.33%
FCF growth 3YN/A
FCF growth 5Y-18.89%
OCF growth 1Y-63.31%
OCF growth 3YN/A
OCF growth 5Y-4.32%