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THO

Thor Industries NYSE:THO Stock Report

Last Price

US$69.53

Market Cap

US$3.8b

7D

-7.4%

1Y

-36.6%

Updated

25 Sep, 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, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Thor Industries
Historical stock prices
Current Share PriceUS$69.53
52 Week HighUS$128.87
52 Week LowUS$66.26
Beta1.71
1 Month Change-18.17%
3 Month Change-12.34%
1 Year Change-36.64%
3 Year Change42.13%
5 Year Change-44.78%
Change since IPO5,859.71%

Recent News & Updates

Aug 27
Thor Industries (NYSE:THO) Has A Pretty Healthy Balance Sheet

Thor Industries (NYSE:THO) Has A Pretty Healthy Balance Sheet

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

Aug 03
If EPS Growth Is Important To You, Thor Industries (NYSE:THO) Presents An Opportunity

If EPS Growth Is Important To You, Thor Industries (NYSE:THO) Presents An Opportunity

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...

Aug 02

Thor Industries: Growth Catalyst With 2% Yield And Share Repurchases

Recently, Thor Industries made a strategic investment of $15 million in Dragonfly Energy for its innovative storage technologies. The company currently pays $1.72 per annum, an annual dividend yield of 2.04%, and has a $600 million Share Repurchase Authorization. The 50-day moving average has recently crossed the 100-day moving average, which could result in a fresh momentum in the stock, and tremendous upside from the current stock price. Investment Thesis Thor Industries, Inc. (THO) is a manufacturer and distributor of recreational vehicles (RVs) which has invested in Dragonfly Energy for innovative storage technologies. I believe this investment might increase the efficiency of products and customer satisfaction, which can result in revenue growth in the coming years. About Thor Industries The Elkhart, Indiana-based Thor Industries, Inc. creates, produces, and markets RVs and ancillary components in the United States, Canada, and Europe. Travel trailers, traditional travel trailers, luxurious fifth wheels, motor caravans, caravans, campervans, and urban vehicles are all offered by the company. North American Towable Recreational Vehicles, North American Motorized Recreational Vehicles, and European Recreational Vehicles are the three reportable segments for the company. The company earns 50.5% of revenue from North American Towables, North American Motorized contributes 21.7% to the total sales, and the European segment forms 26% of the revenue. The other non-reportable segments, such as the sale of aluminum extrusions and specialized component products, generate 3% of the total revenue. Revenue Segmentation (FY2021 Annual Report) The company's management believes it has a significant growth opportunity in the next five years. They estimate the total addressable market to be more than $5 billion, and with currently available resources and product portfolio, it can target more than $2 billion. It has already surpassed the 2025 goals in April 2022, which were announced in 2019. The company's estimated revenue for FY2025 was $14 billion with a 16% gross margin, and as of the last quarter, it has already reached revenue levels of $16.1 billion with a 17% gross margin. The current backlog, while still elevated, indicates healthy long-term demand and organic growth for RV products. The company also focuses on inorganic growth by acquiring or investing in a business that aligns with the current business. It has recently announced a strategic partnership with Dragonfly Energy. Partnership with Dragonfly Energy Recently, the company has made a strategic investment of $15 million in Dragonfly Energy. It is a deep-cycle lithium-ion battery manufacturer for the RV industry. THO is entering this partnership specifically for Dragonfly's innovative storage technologies. Its energy storage products and technologies include battery packs, energy systems, and cell manufacturing technologies. The partnership benefits Keystone RV, a THOR operating company that benefits the North American RV companies. This partnership is very important for the company's product line evolution as it will increase the efficiency of the product, which can increase the demand for the RVs. Since Dragonfly's proprietary all-solid-state cell technology is positioned to enable a more dependable and sustainable smart energy system, the collaboration also strengthens Thor's ESG commitment. The equity investment from THOR was completed and made before Dragonfly and Chardan NexTech Acquisition 2 Corp. combined their businesses. Energy Impact Partners is the main organizer for a $75 million senior secured term loan that will be used to finance the business combination. Chardan NexTech Investments 2 LLC will also contribute $5 million of its stock in the transaction. I believe this partnership might act as a prime growth factor as Dragonfly's innovative storage technologies will increase the efficiency of the vehicles. It will also enhance customer satisfaction, which may increase the demand for the products of THO in the coming years. 2.04% Dividend Yield and $600 million Share Repurchase Authorization The company currently pays $1.72 per annum, an annual dividend yield of 2.04%. It also has reaffirmed that the company is planning to utilize up to $250 million by December 21, 2024, and utilize up to an additional $448 million by July 31, 2025, which will give total repurchase authorization of $600 million. This is 15% of the current market capitalization. This capital distribution policy of the company is a stable return opportunity for the investors. Bob Martin, President and CEO of THOR Industries, said: We have been aggressively buying shares in the market since our share repurchase authorization was announced in December 2021 and have purchased more than one million THOR shares to date. We continue to believe that THOR shares present a compelling investment opportunity at current share prices, and we intend to continue to take advantage of this opportunity to create value by returning capital to shareholders through additional share purchases. Given the current stock price, we believe purchasing THOR shares represents the best risk-adjusted return for our cash. What is the Main Risk Faced by THO? Limited Suppliers and Product Shortage

Shareholder Returns

THOUS AutoUS Market
7D-7.4%-9.6%-5.2%
1Y-36.6%-6.3%-23.0%

Return vs Industry: THO underperformed the US Auto industry which returned -6.3% over the past year.

Return vs Market: THO underperformed the US Market which returned -23% over the past year.

Price Volatility

Is THO's price volatile compared to industry and market?
THO volatility
THO Average Weekly Movement6.2%
Auto Industry Average Movement9.0%
Market Average Movement6.9%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.8%

Stable Share Price: THO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: THO's weekly volatility (6%) 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, Inc. Fundamentals Summary

How do Thor Industries's earnings and revenue compare to its market cap?
THO fundamental statistics
Market CapUS$3.79b
Earnings (TTM)US$1.09b
Revenue (TTM)US$16.08b

3.5x

P/E Ratio

0.2x

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

Sep 28, 2022

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

2.5%

Current Dividend Yield

9%

Payout Ratio