NYSE:THO

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Good value with reasonable growth potential.


Similar Companies

Share Price & News

How has Thor Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.7%

THO

-2.5%

US Auto

-0.6%

US Market


1 Year Return

-39.1%

THO

-8.8%

US Auto

0.6%

US Market

THO underperformed the Auto industry which returned -8% over the past year.

THO underperformed the Market in United States of America which returned 1.1% over the past year.


Share holder returns

THOIndustryMarket
7 Day0.7%-2.5%-0.6%
30 Day20.4%2.7%2.2%
90 Day-4.9%-0.5%1.1%
1 Year-37.5%-39.1%-6.3%-8.8%2.9%0.6%
3 Year-30.0%-33.6%22.0%10.5%44.6%35.2%
5 Year12.3%2.5%-0.1%-15.9%61.9%44.2%

Price Volatility Vs. Market

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


Simply Wall St News

1 week ago | Simply Wall St

Do You Know About Thor Industries, Inc.’s (NYSE:THO) ROCE?

Valuation

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

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

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

Thor Industries's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Thor Industries is overvalued based on earnings compared to the US Auto industry average.

Thor Industries is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Thor Industries is good value based on expected growth next year.


Price Based on Value of Assets

Thor Industries is good value based on assets compared to the US Auto industry average.


Next Steps

Future Growth

How is Thor Industries expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

45.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Thor Industries's revenue is expected to grow by 9.8% yearly, however this is not considered high growth (20% yearly).

Thor Industries's earnings are expected to grow significantly at over 20% yearly.

Thor Industries's revenue growth is expected to exceed the United States of America market average.

Thor Industries's earnings growth is expected to exceed the United States of America market average.

Thor Industries's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Thor Industries is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Thor Industries performed over the past 5 years?

13.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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

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

Thor Industries's 1-year earnings growth is negative, it can't be compared to the US Auto industry average.


Return on Equity

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


Return on Assets

Thor Industries used its assets less efficiently than the US Auto industry average last year based on Return on Assets.


Return on Capital Employed

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


Next Steps

Financial Health

How is Thor Industries's financial position?


Financial Position Analysis

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

Thor Industries's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Thor Industries's level of debt (118.7%) compared to net worth is high (greater than 40%).

Unable to establish if Thor Industries's debt level has increased without past 5-year debt data.

Debt is not well covered by operating cash flow (18.4%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 12.9x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1x debt.


Next Steps

Dividend

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

2.98%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Thor Industries's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

Thor Industries's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).

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

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.6x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (4x coverage).


Next Steps

Management

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

5.9yrs

Average management tenure


CEO

Bob Martin (50yo)

6.1yrs

Tenure

US$14,993,153

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

Bob's remuneration is higher than average for companies of similar size in United States of America.

Bob's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

5.9yrs

Average Tenure

52.5yo

Average Age

The average tenure for the Thor Industries management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

5.1yrs

Average Tenure

60yo

Average Age

The tenure for the Thor Industries board of directors is about average.


Insider Trading

More shares have been bought than sold by Thor Industries individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$202,88009 Jul 19
James Ziemer
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3,545
Max PriceUS$57.23
BuyUS$118,34012 Dec 18
J. Kosowsky
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,000
Max PriceUS$59.17
BuyUS$116,39012 Dec 18
Jan Suwinski
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,000
Max PriceUS$58.62
BuyUS$408,70011 Oct 18
James Ziemer
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5,000
Max PriceUS$81.74

Ownership Breakdown


Management Team

  • Peter Orthwein (74yo)

    Co-Founder & Chairman Emeritus

    • Tenure: 0.2yrs
    • Compensation: US$2.08m
  • Mark Trinske

    Vice President of Investor Relations

    • Tenure: 0.8yrs
  • Colleen Zuhl (53yo)

    Senior VP & CFO

    • Tenure: 5.9yrs
    • Compensation: US$3.77m
  • Bob Wheeler

    CEO & President of Airstream

    • Tenure: 14.2yrs
  • W. Woelfer (52yo)

    Senior VP

    • Tenure: 7.1yrs
    • Compensation: US$3.13m
  • Bruce Byots (61yo)

    Senior Director of Investor Relations

    • Tenure: 0yrs
  • Bob Martin (50yo)

    President

    • Tenure: 6.1yrs
    • Compensation: US$14.99m
  • Ken Julian (52yo)

    Senior Vice President of Administration & Human Resources

    • Tenure: 5.1yrs
    • Compensation: US$2.37m
  • Troy James

    Senior Vice President of International Operations

    • Tenure: 0.6yrs
  • Renee Jones

    Senior Director of Marketing

    • Tenure: 0.2yrs

Board Members

  • Jim Ziemer (69yo)

    Independent Director

    • Tenure: 8.8yrs
    • Compensation: US$318.36k
  • Peter Orthwein (74yo)

    Co-Founder & Chairman Emeritus

    • Tenure: 0.2yrs
    • Compensation: US$2.08m
  • Andrew Graves (60yo)

    Independent Chairman

    • Tenure: 0.08yrs
    • Compensation: US$308.36k
  • Jan Suwinski (78yo)

    Director

    • Tenure: 20.2yrs
    • Compensation: US$328.36k
  • J. Kosowsky (71yo)

    Independent Director

    • Tenure: 9.5yrs
    • Compensation: US$308.36k
  • Chris Klein (55yo)

    Independent Director

    • Tenure: 1.8yrs
    • Compensation: US$85.00k
  • Wilson Jones (58yo)

    Independent Director

    • Tenure: 5.1yrs
    • Compensation: US$298.36k
  • Amelia Huntington (53yo)

    Independent Director

    • Tenure: 0.9yrs
  • Bob Martin (50yo)

    President

    • Tenure: 6.1yrs
    • Compensation: US$14.99m

Company Information

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


Key Information

  • Name: Thor Industries, Inc.
  • Ticker: THO
  • Exchange: NYSE
  • Founded: 1980
  • Industry: Automobile Manufacturers
  • Sector: Automobiles
  • Market Cap: US$2.986b
  • Shares outstanding: 55.06m
  • Website: https://www.thorindustries.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
THONYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1984
TIVDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1984
0LF8LSE (London Stock Exchange)YesCommon StockGBUSDJan 1984

Biography

Thor Industries, Inc., through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in tw ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/20 23:44
End of Day Share Price2019/09/20 00:00
Earnings2019/04/30
Annual Earnings2018/07/31


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.