| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 4/6 |
| Dividends | 4/6 |
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
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$99.97 |
| 52 Week High | US$152.20 |
| 52 Week Low | US$92.20 |
| Beta | 2.02 |
| 1 Month Change | 1.69% |
| 3 Month Change | -8.70% |
| 1 Year Change | -4.87% |
| 3 Year Change | 50.08% |
| 5 Year Change | 1.57% |
| Change since IPO | 8,468.86% |
Recent News & Updates
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...
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.
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
| THO | US Auto | US 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
| THO volatility | |
|---|---|
| THO Average Weekly Movement | 4.6% |
| Auto Industry Average Movement | 9.8% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.9% |
| 10% least volatile stocks in US Market | 2.4% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1980 | 31,000 | Bob Martin | https://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
| THO fundamental statistics | |
|---|---|
| Market Cap | US$5.56b |
| Earnings (TTM) | US$788.36m |
| Revenue (TTM) | US$13.74b |
7.1x
P/E Ratio0.4x
P/S RatioIs THO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| THO income statement (TTM) | |
|---|---|
| Revenue | US$13.74b |
| Cost of Revenue | US$11.57b |
| Gross Profit | US$2.17b |
| Expenses | US$1.38b |
| Earnings | US$788.36m |
Last Reported Earnings
Oct 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 14.17 |
| Gross Margin | 15.81% |
| Net Profit Margin | 5.74% |
| Debt/Equity Ratio | 71.7% |
How did THO perform over the long term?
See historical performance and comparisonDividends
1.7%
Current Dividend Yield12%
Payout RatioValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/17 23:37 |
| End of Day Share Price | 2022/01/14 00:00 |
| Earnings | 2021/10/31 |
| Annual Earnings | 2021/07/31 |
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.