DB:WA9

Stock Analysis Report

Executive Summary

Wabash National Corporation designs, manufactures, and distributes transportation and diversified industrial products; and provides services primarily in the United States.

Snowflake

Fundamentals

Excellent balance sheet and fair value.


Similar Companies

Share Price & News

How has Wabash National's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-5.7%

DB:WA9

-2.7%

DE Machinery

-1.5%

DE Market


1 Year Return

-21.1%

DB:WA9

-35.9%

DE Machinery

-10.4%

DE Market

WA9 outperformed the Machinery industry which returned -35.9% over the past year.

WA9 underperformed the Market in Germany which returned -10.5% over the past year.


Share holder returns

WA9IndustryMarket
7 Day-5.7%-2.7%-1.5%
30 Day-3.4%-7.5%-4.3%
90 Day-0.9%-18.3%-5.9%
1 Year-19.4%-21.1%-33.8%-35.9%-7.6%-10.4%
3 Year15.1%10.1%-25.1%-30.4%9.4%0.03%
5 Year30.2%24.5%1.2%-10.2%25.6%8.1%

Price Volatility Vs. Market

How volatile is Wabash National's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Wabash National undervalued based on future cash flows and its price relative to the stock market?

36%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Wabash National's share price is below the future cash flow value, and at a moderate discount (> 20%).

Wabash National's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Wabash National is good value based on earnings compared to the DE Machinery industry average.

Wabash National is good value based on earnings compared to the Germany market.


Price Based on Expected Growth

Wabash National is poor value based on expected growth next year.


Price Based on Value of Assets

Wabash National is overvalued based on assets compared to the DE Machinery industry average.


Next Steps

Future Growth

How is Wabash National expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

4.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Wabash National's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

Wabash National's earnings are expected to grow by 4.7% yearly, however this is not considered high growth (20% yearly).

Wabash National's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.

Wabash National's earnings growth is positive but not above the Germany market average.

Wabash National's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Wabash National will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Wabash National performed over the past 5 years?

4.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Wabash National's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.

Wabash National's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Wabash National's 1-year earnings growth is negative, it can't be compared to the DE Machinery industry average.


Return on Equity

Wabash National has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Wabash National used its assets more efficiently than the DE Machinery industry average last year based on Return on Assets.


Return on Capital Employed

Wabash National's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Wabash National's financial position?


Financial Position Analysis

Wabash National is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Wabash National's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Wabash National's level of debt (97.7%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (98% vs 97.7% today).

Debt is well covered by operating cash flow (27.1%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 4.8x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.3x debt.


Next Steps

Dividend

What is Wabash National's current dividend yield, its reliability and sustainability?

2.35%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Wabash National's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.59%).

Wabash National's dividend is below the markets top 25% of dividend payers in Germany (4.29%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.5x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Wabash National's salary, the management and board of directors tenure and is there insider trading?

1.4yrs

Average management tenure


CEO

Brent Yeagy (48yo)

1.2yrs

Tenure

US$2,831,187

Compensation

Mr. Brent L. Yeagy has been the President and Chief Executive Officer of Wabash National Corporation since October 1, 2016 and June 2, 2018 respectively. He was its Chief Operating Officer at Wabash Nation ...


CEO Compensation Analysis

Brent's remuneration is higher than average for companies of similar size in Germany.

Brent's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

1.4yrs

Average Tenure

47.5yo

Average Age

The average tenure for the Wabash National management team is less than 2 years, this suggests a new team.


Board Age and Tenure

8.4yrs

Average Tenure

58yo

Average Age

The tenure for the Wabash National board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Melanie Margolin (47yo)

    Senior VP

    • Tenure: 1.3yrs
  • Dustin Smith (41yo)

    Senior VP & Group President of Commercial Trailer Products

    • Compensation: $985.12k
  • Brent Yeagy (48yo)

    President

    • Tenure: 1.2yrs
    • Compensation: $2.83m
  • Mike Pettit (44yo)

    Senior VP & Group President of Final Mile Products

    • Compensation: $898.50k
  • Jeff Taylor (53yo)

    Senior VP & CFO

    • Tenure: 5.6yrs
    • Compensation: $1.39m
  • Ryan Reed

    Director of Investor Relations

    • Tenure: 1.6yrs
  • Kevin Page (57yo)

    Senior VP & Group President of Diversified Products

    • Compensation: $783.95k
  • Mary Glazner (41yo)

    Senior VP & Chief Human Resources Officer

    • Tenure: 0.8yrs
  • Dana Stelsel

    Director of Corporate Communications

  • Rodney Ehrlich (72yo)

    CTO & Senior VP

    • Tenure: 15.6yrs
    • Compensation: $657.91k

Board Members

  • Martin Jischke (77yo)

    Chairman of the Board

    • Tenure: 12.3yrs
    • Compensation: $218.00k
  • Scott Sorensen (57yo)

    Independent Director

    • Tenure: 14.4yrs
    • Compensation: $201.28k
  • Ann Murtlow (58yo)

    Independent Director

    • Tenure: 6.5yrs
    • Compensation: $192.26k
  • Jack Boss (59yo)

    Director

    • Tenure: 1.7yrs
    • Compensation: $193.73k
  • John Kunz (54yo)

    Independent Director

    • Tenure: 8.4yrs
    • Compensation: $201.61k
  • Larry Magee (64yo)

    Independent Director

    • Tenure: 14.6yrs
    • Compensation: $195.42k
  • Brent Yeagy (48yo)

    President

    • Tenure: 2.8yrs
    • Compensation: $2.83m

Company Information

Wabash National Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Wabash National Corporation
  • Ticker: WA9
  • Exchange: DB
  • Founded: 1985
  • Industry: construction machinery and heavy trucks
  • Sector: capital goods
  • Market Cap: US$765.115m
  • Listing Market Cap: US$689.521m
  • Shares outstanding: 54.46m
  • Website: Click here

Number of Employees


Location

  • Wabash National Corporation
  • 1000 Sagamore Parkway South
  • Lafayette
  • Indiana
  • 47905
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WNCNYSE (New York Stock Exchange)YesCommon StockUSUSDNov 1991
WA9DB (Deutsche Boerse AG)YesCommon StockDEEURNov 1991
0LSOLSE (London Stock Exchange)YesCommon StockGBUSDNov 1991

Biography

Wabash National Corporation designs, manufactures, and distributes transportation and diversified industrial products; and provides services primarily in the United States. The company operates through thr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 21:14
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.