WABASH NATIONAL CORP (WNC) Stock Fundamental Analysis
NYSE:WNC - New York Stock Exchange, Inc. - US9295661071 - Common Stock - Currency: USD
Taking everything into account, WNC scores 3 out of 10 in our fundamental rating. WNC was compared to 129 industry peers in the Machinery industry. WNC has a bad profitability rating. Also its financial health evaluation is rather negative. 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.
In multiple years WNC reported negative net income over the last 5 years.
Of the past 5 years WNC 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of WNC (-20.13%) is worse than 83.20% of its industry peers.
WNC's Return On Equity of -150.44% is on the low side compared to the rest of the industry. WNC is outperformed by 89.60% of its industry peers.
| 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 85.60% of its industry peers.
WNC's Gross Margin has been stable in the last couple of years.
The Profit Margin and Operating Margin are not available for WNC so they could not be analyzed.
| 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.
Compared to 5 years ago, WNC has less shares outstanding
WNC has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.14, we must say that WNC is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.14, WNC is doing worse than 72.00% of the companies in the same industry.
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.
Looking at the Debt to FCF ratio, with a value of 10.41, WNC is doing worse than 61.60% of the companies in the same industry.
WNC has a Debt/Equity ratio of 2.10. This is a high value indicating a heavy dependency on external financing.
WNC's Debt to Equity ratio of 2.10 is on the low side compared to the rest of the industry. WNC is outperformed by 89.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.1 | ||
| Debt/FCF | 10.41 | ||
| Altman-Z | 1.14 |
ROIC/WACCN/A
WACC10.32%
2.3 Liquidity
WNC has a Current Ratio of 1.93. This is a normal value and indicates that WNC is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of WNC (1.93) is worse than 60.00% of its industry peers.
A Quick Ratio of 1.09 indicates that WNC should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.09, WNC is doing worse than 62.40% of the companies in the same industry.
| 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.
Measured over the past years, WNC shows a decrease in Earnings Per Share. The EPS has been decreasing by -5.63% on average per year.
WNC shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -23.25%.
The Revenue has been decreasing by -3.44% on average over the past years.
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
WNC is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 27.06% yearly.
The Revenue is expected to grow by 7.30% on average over the next years.
EPS Next Y-30%
EPS Next 2Y27.06%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year0.31%
Revenue Next 2Y7.3%
Revenue Next 3YN/A
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 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
The Price/Earnings ratio is 9.60, which indicates a very decent valuation of WNC.
92.00% 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 29.98, WNC is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 13.71, the valuation of WNC can be described as correct.
Based on the Price/Forward Earnings ratio, WNC is valued cheaper than 87.20% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of WNC to the average of the S&P500 Index (22.66), we can say WNC is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.6 | ||
| Fwd PE | 13.71 |
4.2 Price Multiples
89.60% of the companies in the same industry are more expensive than WNC, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.17 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
WNC's earnings are expected to grow with 27.06% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y27.06%
EPS Next 3YN/A
5. Dividend
5.1 Amount
WNC has a Yearly Dividend Yield of 2.74%. Purely for dividend investing, there may be better candidates out there.
The stock price of WNC dropped by -40.95% 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.
WNC's Dividend Yield is rather good when compared to the industry average which is at 1.74. WNC pays more dividend than 91.20% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.30, WNC has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.74% |
5.2 History
The dividend of WNC has a limited annual growth rate of 0.43%.
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)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.
The dividend of WNC is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-5.2%
EPS Next 2Y27.06%
EPS Next 3YN/A
11.71
+0.04 (+0.34%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners106.33%
Inst Owner Change-1.48%
Ins Owners3.13%
Ins Owner Change10.47%
Market Cap502.12M
Analysts76.67
Price Target20.91 (78.57%)
Short Float %7.34%
Short Ratio3.87
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.74% |
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)0%
PT rev (3m)-4.65%
EPS NQ rev (1m)-1525%
EPS NQ rev (3m)-1525%
EPS NY rev (1m)-31.7%
EPS NY rev (3m)-33.58%
Revenue NQ rev (1m)1.4%
Revenue NQ rev (3m)1.4%
Revenue NY rev (1m)0.92%
Revenue NY rev (3m)0.92%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.6 | ||
| Fwd PE | 13.71 | ||
| P/S | 0.26 | ||
| P/FCF | 13.17 | ||
| P/OCF | 4.28 | ||
| P/B | 2.66 | ||
| P/tB | N/A | ||
| EV/EBITDA | N/A |
EPS(TTM)1.22
EY10.42%
EPS(NY)0.85
Fwd EY7.29%
FCF(TTM)0.89
FCFY7.59%
OCF(TTM)2.73
OCFY23.36%
SpS45.4
BVpS4.4
TBVpS-1.73
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 | 1.14 |
F-Score4
WACC10.32%
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-30%
EPS Next 2Y27.06%
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 Year0.31%
Revenue Next 2Y7.3%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-213.75%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year47.28%
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%