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THO

Thor Industries NYSE:THO Stock Report

Last Price

US$74.73

Market Cap

US$4.1b

7D

-2.4%

1Y

-35.7%

Updated

30 Jun, 2022

Data

Company Financials +
THO fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance6/6
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

Price History & Performance

Summary of all time highs, changes and price drops for Thor Industries
Historical stock prices
Current Share PriceUS$74.73
52 Week HighUS$128.87
52 Week LowUS$66.26
Beta1.82
1 Month Change-1.63%
3 Month Change-5.03%
1 Year Change-35.69%
3 Year Change27.79%
5 Year Change-27.54%
Change since IPO6,305.43%

Recent News & Updates

May 31

Thor Industries: Resilience Is Key

A resilient U.S. consumer and cyclically low price-to-book ratio indicates now may be the time to buy Thor Industries. Thor's enduring economic moat has weathered the industry's turbulent history, but management will need to shore up the balance sheet to combat a challenging macro environment. A normalized earnings valuation points to long-term outperformance for THO shareholders, to the tune of 12% per annum.

Shareholder Returns

THOUS AutoUS Market
7D-2.4%-4.7%-0.6%
1Y-35.7%-14.6%-21.7%

Return vs Industry: THO underperformed the US Auto industry which returned -13.8% over the past year.

Return vs Market: THO underperformed the US Market which returned -20.8% over the past year.

Price Volatility

Is THO's price volatile compared to industry and market?
THO volatility
THO Average Weekly Movement7.2%
Auto Industry Average Movement13.4%
Market Average Movement8.0%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: THO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: THO's weekly volatility (7%) 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$4.08b
Earnings (TTM)US$1.09b
Revenue (TTM)US$16.08b

3.7x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
THO income statement (TTM)
RevenueUS$16.08b
Cost of RevenueUS$13.35b
Gross ProfitUS$2.73b
Other ExpensesUS$1.65b
EarningsUS$1.09b

Last Reported Earnings

Apr 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)19.94
Gross Margin17.00%
Net Profit Margin6.76%
Debt/Equity Ratio58.0%

How did THO perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

9%

Payout Ratio

Does THO pay a reliable dividends?

See THO dividend history and benchmarks
When do you need to buy THO by to receive an upcoming dividend?
Thor Industries dividend dates
Ex Dividend DateJul 01 2022
Dividend Pay DateJul 19 2022
Days until Ex dividend1 day
Days until Dividend pay date17 days

Does THO pay a reliable dividends?

See THO dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is THO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for THO?

Other financial metrics that can be useful for relative valuation.

THO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.4x
Enterprise Value/EBITDA3.3x
PEG Ratio-0.09x

Price to Earnings Ratio vs Peers

How does THO's PE Ratio compare to its peers?

THO PE Ratio vs Peers
The above table shows the PE ratio for THO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average2251.9x
WGO Winnebago Industries
3.9x-16.3%US$1.5b
RACE Ferrari
37.2x13.4%US$33.6b
LI Li Auto
8961.2x64.7%US$37.0b
GM General Motors
5.2x6.2%US$46.3b
THO Thor Industries
3.7x-41.3%US$4.1b

Price-To-Earnings vs Peers: THO is good value based on its Price-To-Earnings Ratio (3.7x) compared to the peer average (2251.9x).


Price to Earnings Ratio vs Industry

How does THO's PE Ratio compare vs other companies in the Global Auto Industry?

Price-To-Earnings vs Industry: THO is good value based on its Price-To-Earnings Ratio (3.7x) compared to the US Auto industry average (14.9x)


Price to Earnings Ratio vs Fair Ratio

What is THO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

THO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.7x
Fair PE Ratio7.8x

Price-To-Earnings vs Fair Ratio: THO is good value based on its Price-To-Earnings Ratio (3.7x) compared to the estimated Fair Price-To-Earnings Ratio (7.8x).


Share Price vs Fair Value

What is the Fair Price of THO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: THO ($74.73) is trading below our estimate of fair value ($96.98)

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


Price to Earnings Growth Ratio

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


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Future Growth

How is Thor Industries forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-41.3%

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 (-41.3% per year).

Earnings vs Market: THO's earnings are forecast to decline over the next 3 years (-41.3% per year).

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

Revenue vs Market: THO's revenue is expected to decline over the next 3 years (-17.1% per year).

High Growth Revenue: THO's revenue is forecast to decline over the next 3 years (-17.1% 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 (10.5%).


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Past Performance

How has Thor Industries performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


21.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: THO has high quality earnings.

Growing Profit Margin: THO's current net profit margins (6.8%) are higher than last year (5%).


Past Earnings Growth Analysis

Earnings Trend: THO's earnings have grown significantly by 21.5% per year over the past 5 years.

Accelerating Growth: THO's earnings growth over the past year (98.1%) exceeds its 5-year average (21.5% per year).

Earnings vs Industry: THO earnings growth over the past year (98.1%) exceeded the Auto industry 81%.


Return on Equity

High ROE: THO's Return on Equity (31.6%) is considered high.


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Financial Health

How is Thor Industries's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: THO's short term assets ($3.4B) exceed its short term liabilities ($2.0B).

Long Term Liabilities: THO's short term assets ($3.4B) exceed its long term liabilities ($2.3B).


Debt to Equity History and Analysis

Debt Level: THO's net debt to equity ratio (48.4%) is considered high.

Reducing Debt: THO's debt to equity ratio has increased from 19.9% to 58% over the past 5 years.

Debt Coverage: THO's debt is well covered by operating cash flow (49.6%).

Interest Coverage: THO's interest payments on its debt are well covered by EBIT (17.2x coverage).


Balance Sheet


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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.30%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: THO's dividend (2.3%) is higher than the bottom 25% of dividend payers in the US market (1.6%).

High Dividend: THO's dividend (2.3%) is low compared to the top 25% of dividend payers in the US market (4.3%).


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.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (8.6%), THO's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (12.2%), THO's dividend payments are thoroughly covered by cash flows.


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Management

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

3.6yrs

Average management tenure


CEO

Bob Martin (52 yo)

8.83yrs

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 ($USD19.09M) is above average for companies of similar size in the US market ($USD6.89M).

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 (3.6 years average tenure).


Board Members

Experienced Board: THO's board of directors are considered experienced (6.2 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$4.075b
  • Shares outstanding: 54.53m
  • 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 Analysis2022/06/30 00:00
End of Day Share Price2022/06/30 00:00
Earnings2022/04/30
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.