WABASH NATIONAL CORP (WNC)
US9295661071 - Common Stock
We assign a fundamental rating of 3 out of 10 to WNC. WNC was compared to 132 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.
WNC had a positive operating cash flow in the past year.
Of the past 5 years WNC 4 years were profitable.
WNC had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
WNC has a worse Return On Assets (-15.99%) than 81.54% of its industry peers.
With a Return On Equity value of -116.03%, WNC is not doing good in the industry: 89.23% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -15.99% | ||
| ROE | -116.03% | ||
| ROIC | N/A |
ROA(3y)8.8%
ROA(5y)4.98%
ROE(3y)23.56%
ROE(5y)12.76%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
In the last couple of years the Profit Margin of WNC has grown nicely.
In the last couple of years the Operating Margin of WNC has grown nicely.
WNC's Gross Margin of 15.54% is on the low side compared to the rest of the industry. WNC is outperformed by 80.77% of its industry peers.
WNC's Gross Margin has improved in the last couple of years.
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 | 15.54% |
OM growth 3Y109.09%
OM growth 5Y15.46%
PM growth 3YN/A
PM growth 5Y24.39%
GM growth 3Y22.14%
GM growth 5Y9.44%
2. Health
2.1 Basic Checks
WNC does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for WNC has been reduced compared to 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 1.49, we must say that WNC is in the distress zone and has some risk of bankruptcy.
WNC has a worse Altman-Z score (1.49) than 76.15% of its industry peers.
The Debt to FCF ratio of WNC is 4.70, which is a neutral value as it means it would take WNC, 4.70 years of fcf income to pay off all of its debts.
WNC has a Debt to FCF ratio of 4.70. This is comparable to the rest of the industry: WNC outperforms 56.92% of its industry peers.
WNC has a Debt/Equity ratio of 1.98. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.98, WNC is doing worse than 90.77% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.98 | ||
| Debt/FCF | 4.7 | ||
| Altman-Z | 1.49 |
ROIC/WACCN/A
WACC8.38%
2.3 Liquidity
WNC has a Current Ratio of 1.88. This is a normal value and indicates that WNC is financially healthy and should not expect problems in meeting its short term obligations.
WNC has a Current ratio of 1.88. This is in the lower half of the industry: WNC underperforms 60.77% of its industry peers.
WNC has a Quick Ratio of 1.12. This is a normal value and indicates that WNC is financially healthy and should not expect problems in meeting its short term obligations.
WNC has a worse Quick ratio (1.12) than 60.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.88 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
The earnings per share for WNC have decreased strongly by -49.13% in the last year.
WNC shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 27.38% yearly.
Looking at the last year, WNC shows a very negative growth in Revenue. The Revenue has decreased by -18.16% in the last year.
The Revenue has been growing slightly by 2.27% on average over the past years.
EPS 1Y (TTM)-49.13%
EPS 3Y218.14%
EPS 5Y27.38%
EPS Q2Q%-83.62%
Revenue 1Y (TTM)-18.16%
Revenue growth 3Y19.62%
Revenue growth 5Y2.27%
Sales Q2Q%-26.67%
3.2 Future
Based on estimates for the next years, WNC will show a very negative growth in Earnings Per Share. The EPS will decrease by -18.80% on average per year.
The Revenue is expected to decrease by -5.61% on average over the next years.
EPS Next Y-73.13%
EPS Next 2Y-48.41%
EPS Next 3Y-18.8%
EPS Next 5YN/A
Revenue Next Year-24.56%
Revenue Next 2Y-13.41%
Revenue Next 3Y-5.61%
Revenue Next 5YN/A
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 decreasing.
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
WNC is valuated cheaply with a Price/Earnings ratio of 7.30.
95.38% of the companies in the same industry are more expensive than WNC, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.20, WNC is valued rather cheaply.
With a Price/Forward Earnings ratio of 13.23, WNC is valued correctly.
Based on the Price/Forward Earnings ratio, WNC is valued cheaper than 81.54% of the companies in the same industry.
WNC's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.73.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.3 | ||
| Fwd PE | 13.23 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of WNC indicates a rather cheap valuation: WNC is cheaper than 96.15% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.73 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A cheap valuation may be justified as WNC's earnings are expected to decrease with -18.80% in the coming years.
PEG (NY)N/A
PEG (5Y)0.27
EPS Next 2Y-48.41%
EPS Next 3Y-18.8%
5. Dividend
5.1 Amount
WNC has a Yearly Dividend Yield of 1.87%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 1.71, WNC pays a better dividend. On top of this WNC pays more dividend than 85.38% of the companies listed in the same industry.
WNC's Dividend Yield is slightly below the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.87% |
5.2 History
WNC has been paying a dividend for at least 10 years, so it has a reliable track record.
WNC has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
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.
DP-6.45%
EPS Next 2Y-48.41%
EPS Next 3Y-18.8%
WABASH NATIONAL CORP
NYSE:WNC (12/20/2024, 8:04:00 PM)
After market: 17.013 +0 (+0.02%)17.01
-0.09 (-0.53%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners114.76%
Inst Owner Change-6.73%
Ins Owners2.45%
Ins Owner Change0%
Market Cap737.21M
Analysts76.67
Price Target21.93 (28.92%)
Short Float %11.08%
Short Ratio9.66
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.87% |
Dividend Growth(5Y)N/A
DP-6.45%
Div Incr Years0
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.46%
Min EPS beat(2)-19.09%
Max EPS beat(2)14.17%
EPS beat(4)2
Avg EPS beat(4)0.92%
Min EPS beat(4)-19.09%
Max EPS beat(4)19.03%
EPS beat(8)6
Avg EPS beat(8)20.24%
EPS beat(12)9
Avg EPS beat(12)22.46%
EPS beat(16)13
Avg EPS beat(16)230.7%
Revenue beat(2)0
Avg Revenue beat(2)-6.04%
Min Revenue beat(2)-8.34%
Max Revenue beat(2)-3.75%
Revenue beat(4)0
Avg Revenue beat(4)-5.06%
Min Revenue beat(4)-8.34%
Max Revenue beat(4)-1.29%
Revenue beat(8)0
Avg Revenue beat(8)-5.04%
Revenue beat(12)3
Avg Revenue beat(12)-1.95%
Revenue beat(16)4
Avg Revenue beat(16)-1.77%
PT rev (1m)-2.27%
PT rev (3m)-15.69%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-95.5%
EPS NY rev (1m)0%
EPS NY rev (3m)-14.93%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-26.81%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.06%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.3 | ||
| Fwd PE | 13.23 | ||
| P/S | 0.35 | ||
| P/FCF | 8.73 | ||
| P/OCF | 4.87 | ||
| P/B | 3.68 | ||
| P/tB | N/A | ||
| EV/EBITDA | N/A |
EPS(TTM)2.33
EY13.7%
EPS(NY)1.29
Fwd EY7.56%
FCF(TTM)1.95
FCFY11.45%
OCF(TTM)3.49
OCFY20.54%
SpS49.05
BVpS4.63
TBVpS-1.51
PEG (NY)N/A
PEG (5Y)0.27
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -15.99% | ||
| ROE | -116.03% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 15.54% | ||
| FCFM | 3.97% |
ROA(3y)8.8%
ROA(5y)4.98%
ROE(3y)23.56%
ROE(5y)12.76%
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)19.3%
ROCE(5y)14.75%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y109.09%
OM growth 5Y15.46%
PM growth 3YN/A
PM growth 5Y24.39%
GM growth 3Y22.14%
GM growth 5Y9.44%
F-Score5
Asset Turnover1.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.98 | ||
| Debt/FCF | 4.7 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 126.33% | ||
| Cap/Sales | 3.15% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.88 | ||
| Quick Ratio | 1.12 | ||
| Altman-Z | 1.49 |
F-Score5
WACC8.38%
ROIC/WACCN/A
Cap/Depr(3y)150.33%
Cap/Depr(5y)116.37%
Cap/Sales(3y)3.03%
Cap/Sales(5y)2.42%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-49.13%
EPS 3Y218.14%
EPS 5Y27.38%
EPS Q2Q%-83.62%
EPS Next Y-73.13%
EPS Next 2Y-48.41%
EPS Next 3Y-18.8%
EPS Next 5YN/A
Revenue 1Y (TTM)-18.16%
Revenue growth 3Y19.62%
Revenue growth 5Y2.27%
Sales Q2Q%-26.67%
Revenue Next Year-24.56%
Revenue Next 2Y-13.41%
Revenue Next 3Y-5.61%
Revenue Next 5YN/A
EBIT growth 1Y-196.37%
EBIT growth 3Y150.11%
EBIT growth 5Y18.08%
EBIT Next Year-47.88%
EBIT Next 3Y-8.41%
EBIT Next 5YN/A
FCF growth 1Y24.68%
FCF growth 3Y27.56%
FCF growth 5Y22.43%
OCF growth 1Y8.98%
OCF growth 3Y37.06%
OCF growth 5Y23.23%