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THO

Thor IndustriesNYSE:THO Stock Report

Last Price

US$99.97

Market Cap

US$5.6b

7D

-4.4%

1Y

-4.9%

Updated

17 Jan, 2022

Data

Company Financials +
THO fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health4/6
Dividends4/6

THO Stock Overview

Thor Industries, Inc. designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe.

Thor Industries Competitors

Winnebago Industries

NYSE:WGO

US$2.5b

Brunswick

NYSE:BC

US$7.6b

Polaris

NYSE:PII

US$7.2b

Federal Signal

NYSE:FSS

US$2.6b

Price History & Performance

Summary of all time highs, changes and price drops for Thor Industries
Historical stock prices
Current Share PriceUS$99.97
52 Week HighUS$152.20
52 Week LowUS$92.20
Beta2.02
1 Month Change1.69%
3 Month Change-8.70%
1 Year Change-4.87%
3 Year Change50.08%
5 Year Change1.57%
Change since IPO8,468.86%

Recent News & Updates

Jan 10
Does Thor Industries (NYSE:THO) Have A Healthy Balance Sheet?

Does Thor Industries (NYSE:THO) Have A Healthy Balance Sheet?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Jan 05

Thor Industries: A Solid Business For A Discount Price

COVID-driven lifestyle changes provide support for the RV industry. Thor Industries, a market leader in the RV space, has reported strong earnings and a massive increase in the order backlog. At a 7x EV/EBIT multiple, compared to 10-year average of 10/11x, reflects future expectations that are not aligned with the fundamental backdrop, in my view.

Dec 16

Thor Industries: Improving Valuation, But COVID-19 Makes Things Unclear

I've written on Thor Industries for several years, and given recent results and trends as well as valuation, it's time to revisit that thesis. While there are some clear upsides now given the current level of valuation, we also need to exercise care. Find out the current thesis on Thor and what to expect from the company as we go forward.

Shareholder Returns

THOUS AutoUS Market
7D-4.4%0.4%-0.3%
1Y-4.9%22.7%13.7%

Return vs Industry: THO underperformed the US Auto industry which returned 22.7% over the past year.

Return vs Market: THO underperformed the US Market which returned 13.7% over the past year.

Price Volatility

Is THO's price volatile compared to industry and market?
THO volatility
THO Average Weekly Movement4.6%
Auto Industry Average Movement9.8%
Market Average Movement6.6%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.4%

Stable Share Price: THO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: THO's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198031,000Bob Martinhttps://www.thorindustries.com

Thor Industries, Inc. designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles. It also provides aluminum extrusion and specialized component products to RV and other manufacturers; and digital products and services for RVs.

Thor Industries Fundamentals Summary

How do Thor Industries's earnings and revenue compare to its market cap?
THO fundamental statistics
Market CapUS$5.56b
Earnings (TTM)US$788.36m
Revenue (TTM)US$13.74b

7.1x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
THO income statement (TTM)
RevenueUS$13.74b
Cost of RevenueUS$11.57b
Gross ProfitUS$2.17b
ExpensesUS$1.38b
EarningsUS$788.36m

Last Reported Earnings

Oct 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)14.17
Gross Margin15.81%
Net Profit Margin5.74%
Debt/Equity Ratio71.7%

How did THO perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

12%

Payout Ratio

Valuation

Is Thor Industries undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: THO ($99.97) is trading below our estimate of fair value ($223.39)

Significantly Below Fair Value: THO is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: THO is good value based on its PE Ratio (7.1x) compared to the US Auto industry average (17.3x).

PE vs Market: THO is good value based on its PE Ratio (7.1x) compared to the US market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: THO's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: THO is good value based on its PB Ratio (1.8x) compared to the US Auto industry average (3.6x).


Future Growth

How is Thor Industries forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

-1.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: THO's earnings are forecast to decline over the next 3 years (-1.9% per year).

Earnings vs Market: THO's earnings are forecast to decline over the next 3 years (-1.9% per year).

High Growth Earnings: THO's earnings are forecast to decline over the next 3 years.

Revenue vs Market: THO's revenue (2.7% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: THO's revenue (2.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: THO's Return on Equity is forecast to be low in 3 years time (15.8%).


Past Performance

How has Thor Industries performed over the past 5 years?

8.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: THO has high quality earnings.

Growing Profit Margin: THO's current net profit margins (5.7%) are higher than last year (3.3%).


Past Earnings Growth Analysis

Earnings Trend: THO's earnings have grown by 8.9% per year over the past 5 years.

Accelerating Growth: THO's earnings growth over the past year (176%) exceeds its 5-year average (8.9% per year).

Earnings vs Industry: THO earnings growth over the past year (176%) underperformed the Auto industry 210.7%.


Return on Equity

High ROE: THO's Return on Equity (25.2%) is considered high.


Financial Health

How is Thor Industries's financial position?


Financial Position Analysis

Short Term Liabilities: THO's short term assets ($3.2B) exceed its short term liabilities ($2.0B).

Long Term Liabilities: THO's short term assets ($3.2B) exceed its long term liabilities ($2.6B).


Debt to Equity History and Analysis

Debt Level: THO's net debt to equity ratio (60.9%) is considered high.

Reducing Debt: THO's debt to equity ratio has increased from 25.6% to 71.7% over the past 5 years.

Debt Coverage: THO's debt is well covered by operating cash flow (28.9%).

Interest Coverage: THO's interest payments on its debt are well covered by EBIT (11.8x coverage).


Balance Sheet


Dividend

What is Thor Industries's current dividend yield, its reliability and sustainability?

1.72%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: THO's dividend (1.72%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: THO's dividend (1.72%) is low compared to the top 25% of dividend payers in the US market (3.44%).


Stability and Growth of Payments

Stable Dividend: THO's dividend payments have been volatile in the past 10 years.

Growing Dividend: THO's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (11.7%), THO's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: THO's dividends in 3 years are forecast to be thoroughly covered by earnings (13.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.2yrs

Average management tenure


CEO

Bob Martin (52 yo)

8.42yrs

Tenure

US$19,085,967

Compensation

Mr. Robert W. Martin, also known as Bob, has been the Chief Executive Officer of Thor Industries Inc. since August 1, 2013 and serves as its President. Mr. Martin served as the President and Chief Operatin...


CEO Compensation Analysis

Compensation vs Market: Bob's total compensation ($USD19.09M) is above average for companies of similar size in the US market ($USD6.40M).

Compensation vs Earnings: Bob's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: THO's management team is considered experienced (3.2 years average tenure).


Board Members

Experienced Board: THO's board of directors are considered experienced (5.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: THO insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Thor Industries, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Thor Industries, Inc.
  • Ticker: THO
  • Exchange: NYSE
  • Founded: 1980
  • Industry: Automobile Manufacturers
  • Sector: Automobiles
  • Implied Market Cap: US$5.560b
  • Shares outstanding: 55.62m
  • Website: https://www.thorindustries.com

Number of Employees


Location

  • Thor Industries, Inc.
  • 601 East Beardsley Avenue
  • Elkhart
  • Indiana
  • 46514-3305
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 23:37
End of Day Share Price2022/01/14 00:00
Earnings2021/10/31
Annual Earnings2021/07/31


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.