NYSE:WGO

Stock Analysis Report

Executive Summary

Winnebago Industries, Inc. manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities.

Snowflake

Fundamentals

Undervalued with adequate balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

19.4%

NYSE:WGO

0.9%

US Auto

1.3%

US Market


1 Year Return

-1.4%

NYSE:WGO

-4.8%

US Auto

2.0%

US Market

WGO outperformed the Auto industry which returned -5.3% over the past year.

WGO underperformed the Market in United States of America which returned 1.7% over the past year.


Share holder returns

WGOIndustryMarket
7 Day19.4%0.9%1.3%
30 Day9.7%6.0%3.9%
90 Day-0.9%2.5%3.4%
1 Year-0.04%-1.4%-2.2%-4.8%4.2%2.0%
3 Year69.9%63.4%26.5%14.5%47.2%37.6%
5 Year55.2%44.0%1.1%-14.8%60.5%42.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Winnebago 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

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

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


Price Based on Earnings

Winnebago Industries is good value based on earnings compared to the US Auto industry average.

Winnebago Industries is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Winnebago Industries is poor value based on expected growth next year.


Price Based on Value of Assets

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


Next Steps

Future Growth

How is Winnebago Industries expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

10.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Winnebago Industries's revenue is expected to grow by 4.6% yearly, however this is not considered high growth (20% yearly).

Winnebago Industries's earnings are expected to grow by 10.3% yearly, however this is not considered high growth (20% yearly).

Winnebago Industries's revenue growth is positive but not above the United States of America market average.

Winnebago Industries's earnings growth is positive but not above the United States of America market average.

Winnebago 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

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


Next Steps

Past Performance

How has Winnebago Industries performed over the past 5 years?

24.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Winnebago Industries has delivered over 20% year on year earnings growth in the past 5 years.

Winnebago Industries's 1-year earnings growth is less than its 5-year average (12.7% vs 24.1%)

Winnebago Industries's earnings growth has exceeded the US Auto industry average in the past year (12.7% vs -11.3%).


Return on Equity

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


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is Winnebago Industries's financial position?


Financial Position Analysis

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

Winnebago Industries's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Winnebago Industries's level of debt (43%) compared to net worth is high (greater than 40%).

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

Debt is well covered by operating cash flow (40.5%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 9x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.5x debt.


Next Steps

Dividend

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

1.23%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Winnebago Industries's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).

Winnebago Industries's dividend is below the markets top 25% of dividend payers in United States of America (3.67%).

Whilst dividend payments have been stable, Winnebago Industries has been paying a dividend for less than 10 years.

Dividend payments have increased, but Winnebago Industries only paid a dividend in the past 5 years.


Current Payout to Shareholders

Dividends paid are thoroughly covered by earnings (8.3x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be thoroughly covered by earnings (9.2x coverage).


Next Steps

Management

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

2.9yrs

Average management tenure


CEO

Mike Happe (48yo)

3.7yrs

Tenure

US$3,213,673

Compensation

Mr. Michael J. Happe, also known as Mike, has been the Chief Executive Officer and President of Winnebago Industries, Inc. since January 18, 2016. Prior to joining Winnebago, he had been employed by The To ...


CEO Compensation Analysis

Mike's remuneration is about average for companies of similar size in United States of America.

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


Management Age and Tenure

2.9yrs

Average Tenure

52yo

Average Age

The tenure for the Winnebago Industries management team is about average.


Board Age and Tenure

3.1yrs

Average Tenure

60.5yo

Average Age

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


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$73,95028 Mar 19
Bryan Hughes
EntityIndividual
Role
Chief Financial Officer
VP, CFO
Shares2,500
Max PriceUS$29.58
BuyUS$102,16328 Mar 19
Michael Happe
EntityIndividual
Role
Chief Executive Officer
President
Shares3,500
Max PriceUS$29.19
SellUS$301,49129 Jan 19
Steven Degnan
EntityIndividual
Shares10,013
Max PriceUS$30.11

Ownership Breakdown


Management Team

  • Steve Heese

    President of Chris-Craft

    • Tenure: 0.7yrs
  • Mike Happe (48yo)

    President

    • Tenure: 3.7yrs
    • Compensation: US$3.21m
  • Brian Hazelton (54yo)

    VP & GM of Motorhome Business

    • Tenure: 3.1yrs
    • Compensation: US$1.17m
  • Stacy Bogart (55yo)

    VP of General Counsel & Corporate Secretary

    • Tenure: 1.7yrs
    • Compensation: US$1.26m
  • Jeff Kubacki (61yo)

    VP of Information Technology & Chief Information Officer

    • Tenure: 2.8yrs
  • Bryan Hughes (50yo)

    VP, CFO

    • Tenure: 2.3yrs
    • Compensation: US$1.40m
  • Bret Woodson (49yo)

    Vice President of Administration

    • Tenure: 4.7yrs
  • Chris West (47yo)

    Vice President of Operations

    • Tenure: 3yrs
  • Don Clark (59yo)

    President & CEO of Grand Design RV

    • Tenure: 0yrs
    • Compensation: US$4.97m
  • Steven Stuber

    Director of Investor Relations & Financial Planning and Analysis

    • Tenure: 0yrs

Board Members

  • John Murabito (60yo)

    Director

    • Tenure: 2.4yrs
    • Compensation: US$173.77k
  • Bob Chiusano (69yo)

    Director

    • Tenure: 10.9yrs
    • Compensation: US$210.02k
  • Rick Moss (61yo)

    Director

    • Tenure: 2.6yrs
    • Compensation: US$177.52k
  • Christopher Braun (59yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: US$170.02k
  • Mike Happe (48yo)

    President

    • Tenure: 3.7yrs
    • Compensation: US$3.21m
  • William Fisher (65yo)

    Director

    • Tenure: 4.5yrs
    • Compensation: US$175.02k
  • Dave Miles (62yo)

    Chairman

    • Tenure: 0.3yrs
    • Compensation: US$175.02k
  • Maria Blase (51yo)

    Director

    • Tenure: 1yrs

Company Information

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


Key Information

  • Name: Winnebago Industries, Inc.
  • Ticker: WGO
  • Exchange: NYSE
  • Founded: 1958
  • Industry: Automobile Manufacturers
  • Sector: Automobiles
  • Market Cap: US$1.163b
  • Shares outstanding: 31.62m
  • Website: https://www.winnebagoind.com

Number of Employees


Location

  • Winnebago Industries, Inc.
  • 605 West Crystal Lake Road
  • Forest City
  • Iowa
  • 50436
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WGONYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1969
WI1DB (Deutsche Boerse AG)YesCommon StockDEEURJan 1969

Biography

Winnebago Industries, Inc. manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates in five segments: Winne ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/15 23:45
End of Day Share Price2019/09/13 00:00
Earnings2019/05/25
Annual Earnings2018/08/25


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.