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, Canada, and Europe.

Snowflake

Fundamentals

Good value with reasonable growth potential and pays a dividend.


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

-0.6%

THO

2.6%

US Auto

1.0%

US Market


1 Year Return

-33.6%

THO

4.7%

US Auto

6.7%

US Market

Return vs Industry: THO underperformed the US Auto industry which returned 4.7% over the past year.

Return vs Market: THO underperformed the US Market which returned 6.7% over the past year.


Share holder returns

THOIndustryMarket
7 Day-0.6%2.6%1.0%
30 Day0.02%-3.9%-1.8%
90 Day-9.7%-8.9%-1.8%
1 Year-31.8%-33.6%7.8%4.7%9.1%6.7%
3 Year-31.0%-34.5%23.6%11.8%46.1%36.6%
5 Year16.1%6.4%7.7%-9.0%66.9%48.6%

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

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

Undervalued: THO ($53.86) is trading below our estimate of fair value ($189.79)

Significantly Undervalued: THO is trading below fair value by more than 20%.


Price Based on Earnings

PE vs Industry: THO is poor value based on its PE Ratio (21.8x) compared to the Auto industry average (16.1x).

PE vs Market: THO is poor value based on its PE Ratio (21.8x) compared to the US market (17.5x).


Price Based on Expected Growth

Low PEG Ratio: THO is good value based on its PEG Ratio (0.5x)


Price Based on Value of Assets

PB vs Industry: THO is good value based on its PB Ratio (1.4x) compared to the US Auto industry average (2.9x).


Next Steps

Future Growth

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

40.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: THO's forecast earnings growth (40.2% per year) is above the savings rate (2.7%).

Earnings vs Market: THO's earnings (40.2% per year) are forecast to grow faster than the US market (14.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: THO's revenue (7.5% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: THO's revenue (7.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: THO's Return on Equity is forecast to be low in 3 years time (15.1%).


Next Steps

Past Performance

How has Thor Industries performed over the past 5 years?

8.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: THO's earnings have grown by 8.6% per year over the past 5 years.

Accelerating Growth: THO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: THO had negative earnings growth (-69%) over the past year, making it difficult to compare to the Auto industry average (-11.3%).


Return on Equity

High ROE: THO's Return on Equity (6.3%) is considered low.


Return on Assets

ROA vs Industry: THO's Return on Assets is below or equal to the Auto industry average last year.


Return on Capital Employed

ROCE Improving: THO's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Thor Industries's financial position?


Financial Position Analysis

Short Term Liabilities: THO's short term assets ($2.0B) exceeds its short term liabilities ($1.4B)

Long Term Liabilities: THO's short term assets (2.0B) do not cover its long term liabilities (2.1B)


Debt to Equity History and Analysis

Debt Level: THO's debt to equity ratio (90.8%) is considered high

Reducing Debt: Insufficient data to determine if THO's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: THO's debt is well covered by operating cash flow (26.7%).

Interest Coverage: THO's interest payments on its debt are well covered by EBIT (7x coverage).


Balance Sheet

Inventory Level: THO has a high level of physical assets or inventory.

Debt Coverage by Assets: THO's debt is covered by short term assets (assets are 1.070810x debt).


Next Steps

Dividend

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

2.99%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Thor Industries before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company3.0%marketbottom25%1.5%markettop25%3.8%industryaverage3.6%forecastin3Years3.0%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: THO's dividend (2.97%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: THO's dividend (2.97%) is low compared to the top 25% of dividend payers in the US market (3.77%).

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 reasonable payout ratio (63.1%), THO's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: THO's dividends in 3 years are forecast to be well covered by earnings (21.5% payout ratio).


Next Steps

Management

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

6.0yrs

Average management tenure


CEO

Bob Martin (50yo)

6.2yrs

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

Compensation vs. Market: Bob's total compensation ($USD14.99M) is above average for companies of similar size in the US market ($USD5.11M).

Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.


Management Age and Tenure

6.0yrs

Average Tenure

52.5yo

Average Age

Experienced Management: THO's management team is seasoned and experienced (6 years average tenure).


Board Age and Tenure

5.2yrs

Average Tenure

60yo

Average Age

Experienced Board: THO's board of directors are considered experienced (5.2 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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
Independent Director
Shares2,000
Max PriceUS$58.62

Ownership Breakdown


Management Team

  • Peter Orthwein (74yo)

    Co-Founder & Chairman Emeritus

    • Tenure: 0.3yrs
    • Compensation: US$2.08m
  • Mark Trinske

    Vice President of Investor Relations

    • Tenure: 0.9yrs
  • Colleen Zuhl (53yo)

    Senior VP & CFO

    • Tenure: 6yrs
    • Compensation: US$3.77m
  • Bob Wheeler

    CEO & President of Airstream

    • Tenure: 14.3yrs
  • W. Woelfer (52yo)

    Senior VP

    • Tenure: 7.2yrs
    • Compensation: US$3.13m
  • Bruce Byots (61yo)

    Senior Director of Investor Relations

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

    President

    • Tenure: 6.2yrs
    • Compensation: US$14.99m
  • Ken Julian (52yo)

    Senior Vice President of Administration & Human Resources

    • Tenure: 5.2yrs
    • Compensation: US$2.37m
  • Troy James

    Senior Vice President of International Operations

    • Tenure: 0.7yrs
  • Renee Jones

    Senior Director of Marketing

    • Tenure: 0.3yrs

Board Members

  • Jim Ziemer (69yo)

    Independent Director

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

    Co-Founder & Chairman Emeritus

    • Tenure: 0.3yrs
    • Compensation: US$2.08m
  • Andrew Graves (60yo)

    Independent Chairman

    • Tenure: 0.2yrs
    • Compensation: US$308.36k
  • Jan Suwinski (78yo)

    Independent Director

    • Tenure: 20.3yrs
    • Compensation: US$328.36k
  • J. Kosowsky (71yo)

    Independent Director

    • Tenure: 9.6yrs
    • Compensation: US$308.36k
  • Chris Klein (55yo)

    Independent Director

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

    Independent Director

    • Tenure: 5.2yrs
    • Compensation: US$298.36k
  • Amelia Huntington (53yo)

    Independent Director

    • Tenure: 1yrs
  • Bob Martin (50yo)

    President

    • Tenure: 6.2yrs
    • 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$2.966b
  • 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, Canada, and Europe. It opera ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 01:36
End of Day Share Price2019/10/11 00:00
Earnings2019/07/31
Annual Earnings2019/07/31


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.

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