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Oshkosh

NYSE:OSK
Snowflake Description

Flawless balance sheet with outstanding track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OSK
NYSE
$6B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The last earnings update was 18 days ago. More info.


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  • Oshkosh has significant price volatility in the past 3 months.
OSK Share Price and Events
7 Day Returns
3.5%
NYSE:OSK
2.3%
US Machinery
1.2%
US Market
1 Year Returns
-7.3%
NYSE:OSK
-8.1%
US Machinery
0.9%
US Market
OSK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Oshkosh (OSK) 3.5% 8.3% 20.6% -7.3% 125.4% 38.6%
US Machinery 2.3% 7.1% 3.2% -8.1% 61% 28.3%
US Market 1.2% 6.6% 1.2% 0.9% 44.3% 41.3%
1 Year Return vs Industry and Market
  • OSK underperformed the Market in United States of America which returned 0.9% over the past year.
Price Volatility
OSK
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Oshkosh to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Oshkosh.

NYSE:OSK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:OSK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.06 (1 + (1- 21%) (14.83%))
1.184
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.18
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.184 * 7.27%)
11.34%

Discounted Cash Flow Calculation for NYSE:OSK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Oshkosh is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:OSK DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 449.75 499.98 482.83 493.50 504.41
Source Analyst x6 Analyst x5 Analyst x3 Est @ 2.21% Est @ 2.21%
Present Value
Discounted (@ 11.34%)
403.94 403.32 349.82 321.14 294.81
Present value of next 5 years cash flows $1,773.04
NYSE:OSK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $504.41 × (1 + 2.73%) ÷ (11.34% – 2.73%)
$6,018.71
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $6,018.71 ÷ (1 + 11.34%)5
$3,517.69
NYSE:OSK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $1,773.04 + $3,517.69
$5,290.72
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,290.72 / 70.05
$75.53
NYSE:OSK Discount to Share Price
Calculation Result
Value per share (USD) From above. $75.53
Current discount Discount to share price of $78.76
= -1 x ($78.76 - $75.53) / $75.53
-4.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Oshkosh is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Oshkosh's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Oshkosh's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:OSK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $7.17
NYSE:OSK Share Price ** NYSE (2019-02-15) in USD $78.76
United States of America Machinery Industry PE Ratio Median Figure of 101 Publicly-Listed Machinery Companies 19.61x
United States of America Market PE Ratio Median Figure of 3,045 Publicly-Listed Companies 16.97x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Oshkosh.

NYSE:OSK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:OSK Share Price ÷ EPS (both in USD)

= 78.76 ÷ 7.17

10.99x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Oshkosh is good value based on earnings compared to the US Machinery industry average.
  • Oshkosh is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Oshkosh's expected growth come at a high price?
Raw Data
NYSE:OSK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
-0.8%per year
United States of America Machinery Industry PEG Ratio Median Figure of 84 Publicly-Listed Machinery Companies 1.31x
United States of America Market PEG Ratio Median Figure of 2,115 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

NYSE:OSK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.99x ÷ -0.8%

-13.99x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Oshkosh earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Oshkosh's assets?
Raw Data
NYSE:OSK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $34.43
NYSE:OSK Share Price * NYSE (2019-02-15) in USD $78.76
United States of America Machinery Industry PB Ratio Median Figure of 128 Publicly-Listed Machinery Companies 2.44x
United States of America Market PB Ratio Median Figure of 5,122 Publicly-Listed Companies 1.82x
NYSE:OSK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:OSK Share Price ÷ Book Value per Share (both in USD)

= 78.76 ÷ 34.43

2.29x

* Primary Listing of Oshkosh.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Oshkosh is good value based on assets compared to the US Machinery industry average.
X
Value checks
We assess Oshkosh's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Oshkosh has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Oshkosh expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-0.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Oshkosh expected to grow at an attractive rate?
  • Oshkosh's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Oshkosh's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Oshkosh's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:OSK Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:OSK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts -0.8%
NYSE:OSK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 1.2%
United States of America Machinery Industry Earnings Growth Rate Market Cap Weighted Average 11.5%
United States of America Machinery Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:OSK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:OSK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-09-30 793
2021-09-30 8,316 717 500 6
2020-09-30 8,365 635 544 15
2019-09-30 8,194 570 525 15
NYSE:OSK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 7,923 321 525
2018-09-30 7,706 436 472
2018-06-30 7,612 343 414
2018-03-31 7,473 142 389
2017-12-31 7,205 192 323
2017-09-30 6,830 247 286
2017-06-30 6,622 544 254
2017-03-31 6,333 636 209
2016-12-31 6,239 595 221
2016-09-30 6,279 584 216
2016-06-30 6,102 283 205
2016-03-31 5,967 249 211

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Oshkosh's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Oshkosh's revenue is expected to grow by 1.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:OSK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Oshkosh Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:OSK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-09-30
2021-09-30 7.41 8.70 6.05 3.00
2020-09-30 7.80 8.50 7.10 11.00
2019-09-30 7.37 7.51 7.16 10.00
NYSE:OSK Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 7.17
2018-09-30 6.38
2018-06-30 5.56
2018-03-31 5.21
2017-12-31 4.31
2017-09-30 3.82
2017-06-30 3.41
2017-03-31 2.83
2016-12-31 3.00
2016-09-30 2.94
2016-06-30 2.76
2016-03-31 2.79

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Oshkosh is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Oshkosh's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Oshkosh has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Oshkosh performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Oshkosh's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Oshkosh's year on year earnings growth rate has been positive over the past 5 years.
  • Oshkosh's 1-year earnings growth exceeds its 5-year average (62.5% vs 9.7%)
  • Oshkosh's earnings growth has exceeded the US Machinery industry average in the past year (62.5% vs 26.6%).
Earnings and Revenue History
Oshkosh's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Oshkosh Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:OSK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 7,922.60 524.50 664.00
2018-09-30 7,705.50 471.90 663.90
2018-06-30 7,611.50 414.10 680.60
2018-03-31 7,472.60 389.30 673.10
2017-12-31 7,204.50 322.80 673.60
2017-09-30 6,829.60 285.60 665.60
2017-06-30 6,622.00 253.60 648.00
2017-03-31 6,332.60 209.20 638.80
2016-12-31 6,238.60 221.00 623.70
2016-09-30 6,279.20 216.40 612.40
2016-06-30 6,102.10 205.10 598.60
2016-03-31 5,966.90 210.60 578.10
2015-12-31 5,996.80 209.00 576.20
2015-09-30 6,098.10 229.00 587.40
2015-06-30 6,187.50 256.30 600.20
2015-03-31 6,507.60 271.30 624.70
2014-12-31 6,631.30 288.00 629.90
2014-09-30 6,808.20 308.10 624.10
2014-06-30 6,867.00 266.10 630.30
2014-03-31 7,139.00 308.80 617.60
2013-12-31 7,445.50 323.00 613.90
2013-09-30 7,665.10 314.30 620.50
2013-06-30 7,989.10 362.20 602.40
2013-03-31 7,944.50 291.80 590.70
2012-12-31 8,022.40 249.20 581.60
2012-09-30 8,141.10 244.60 561.50
2012-06-30 8,188.80 203.90 530.90
2012-03-31 8,051.90 195.30 527.60

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Oshkosh has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Oshkosh used its assets more efficiently than the US Machinery industry average last year based on Return on Assets.
  • Oshkosh has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Oshkosh's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Oshkosh has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Oshkosh's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Oshkosh's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Oshkosh is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Oshkosh's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Oshkosh's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Oshkosh Company Filings, last reported 1 month ago.

NYSE:OSK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,411.20 818.30 159.90
2018-09-30 2,513.50 818.00 454.60
2018-06-30 2,420.40 817.80 371.90
2018-03-31 2,349.60 827.50 287.90
2017-12-31 2,293.40 833.10 379.10
2017-09-30 2,307.40 831.60 447.30
2017-06-30 2,179.10 831.40 373.50
2017-03-31 2,033.30 828.30 413.90
2016-12-31 1,980.30 827.80 370.10
2016-09-30 1,976.50 846.60 321.90
2016-06-30 1,944.40 967.90 45.50
2016-03-31 1,874.40 1,001.40 38.40
2015-12-31 1,806.40 986.00 33.70
2015-09-30 1,911.10 928.50 42.90
2015-06-30 1,997.60 900.40 46.20
2015-03-31 1,898.00 898.70 53.40
2014-12-31 1,901.70 890.00 111.00
2014-09-30 1,985.00 895.00 313.80
2014-06-30 2,221.00 900.00 525.70
2014-03-31 2,112.80 900.00 420.00
2013-12-31 2,032.80 938.80 558.70
2013-09-30 2,107.80 955.00 733.50
2013-06-30 1,998.70 955.00 585.80
2013-03-31 1,887.70 955.00 452.30
2012-12-31 1,787.90 955.00 455.70
2012-09-30 1,853.50 955.00 540.70
2012-06-30 1,747.70 955.00 390.70
2012-03-31 1,691.30 987.80 388.40
  • Oshkosh's level of debt (33.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (46.1% vs 33.9% today).
  • Debt is well covered by operating cash flow (39.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 13.8x coverage).
X
Financial health checks
We assess Oshkosh's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Oshkosh has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.37%
Current annual income from Oshkosh dividends. Estimated to be 1.46% next year.
If you bought $2,000 of Oshkosh shares you are expected to receive $27 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Oshkosh's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Oshkosh's dividend is below the markets top 25% of dividend payers in United States of America (3.59%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:OSK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
United States of America Machinery Industry Average Dividend Yield Market Cap Weighted Average of 78 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1998 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:OSK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-09-30
2021-09-30 1.19 4.00
2020-09-30 1.18 9.00
2019-09-30 1.11 9.00
NYSE:OSK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-11-01 1.080 1.600
2018-07-31 0.960 1.419
2018-01-25 0.960 1.249
2017-10-31 0.960 1.077
2017-08-02 0.840 1.062
2017-04-26 0.840 1.247
2017-01-26 0.840 1.218
2016-11-22 0.840 1.227
2016-11-01 0.840 1.370
2016-07-28 0.760 1.401
2016-04-28 0.760 1.622
2016-01-28 0.760 2.070
2015-11-13 0.760 1.983
2015-10-29 0.760 1.835
2015-04-28 0.680 1.602
2015-01-27 0.680 1.437
2014-11-13 0.680 1.501
2014-10-31 0.680 1.512
2014-07-29 0.600 1.301
2014-04-29 0.600 1.106
2014-01-28 0.600 1.065
2013-10-31 0.600 1.200
2010-11-18 0.000 0.000
2010-10-28 0.000 0.000
2010-08-02 0.000 0.000
2010-04-29 0.000 0.000
2010-01-28 0.000 0.000
2009-11-18 0.000 0.000
2009-11-03 0.000 0.000
2009-04-30 0.000 0.000
2009-02-19 0.400 5.312

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Oshkosh's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (7.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (6.5x coverage).
X
Income/ dividend checks
We assess Oshkosh's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Oshkosh afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Oshkosh has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Wilson Jones
COMPENSATION $10,589,640
AGE 57
TENURE AS CEO 3.1 years
CEO Bio

Mr. Wilson R. Jones has been the Chief Executive Officer of Oshkosh Corporation since January 1, 2016 and has been its President since August 1, 2012. Mr. Jones served as the Chief Operating Officer of Oshkosh Corporation since August 1, 2012 until January 21st 2016. Mr. Jones served as an Executive Vice President and President of Access Equipment Segment of Oshkosh Corporation since July 2010 until 2012, before that, President of the fire 84 emergency segment. He served as the President of Medtec Ambulance Corporation. He served as President of JLG Industries, Inc. since July 2007. He served as the President of Fire & Emergency Group from October 1, 2008 to May 2010. He served as President of Pierce Manufacturing, Inc. since July 10, 2007, where he was responsible for Medtec Ambulance Corporation and Kewaunee Fabrications, L.L.C. He served as Vice President of Sales and Marketing for the Fire and Emergency Group. He served as Vice President and General Manager of the Airport Products Business Unit of Oshkosh Corporation since joining in 2005 where he led a strategic International initiative. He has been in specialty vehicle manufacturing for more than 20 years. He served as Vice President of sales and marketing of Oshkosh’s airport products of Oshkosh since August 15, 2005. He has almost 20 years of management experience in the fire and emergency and bus industries, encompassing all aspects of sales, marketing and operations and the last 12 years have been focused in the fire and emergency industry. He served as Vice President of sales and marketing at Akron Brass Company from 2002 to 2005. He served as Senior Vice President of Sales and Marketing for Emergency One, a manufacturer of fire and emergency vehicles. Mr. Jones has been a Director of Oshkosh Corporation since January 1, 2016. He has been an Independent Director of Thor Industries Inc. since August 1, 2014. He brings a deep knowledge of industries, a strong customer relationship background and a thorough understanding of domestic and global markets. He serves as Director of the Fire Apparatus Manufacturers’ Association and the American Ambulance Association. He holds a B.A. in Business Administration from North Texas State University.

CEO Compensation
  • Wilson's compensation has been consistent with company performance over the past year.
  • Wilson's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Oshkosh management team in years:

3.3
Average Tenure
54
Average Age
  • The tenure for the Oshkosh management team is about average.
Management Team

Wilson Jones

TITLE
President
COMPENSATION
$11M
AGE
57
TENURE
3.1 yrs

Dave Sagehorn

TITLE
Executive VP & CFO
COMPENSATION
$3M
AGE
55
TENURE
11.3 yrs

Ignacio Cortina

TITLE
Executive VP
COMPENSATION
$2M
AGE
47
TENURE
3.3 yrs

Frank Nerenhausen

TITLE
Executive VP & President of Access Equipment Segment
COMPENSATION
$2M
AGE
54
TENURE
8.5 yrs

John Bryant

TITLE
Executive VP & President of Defense Segment
COMPENSATION
$2M
AGE
60
TENURE
2.7 yrs

Chris Freeders

TITLE
Principal Accounting Officer
AGE
48
TENURE
1.9 yrs

Robert Messina

TITLE
Senior VP of Engineering & Technology and CTO
AGE
48
TENURE
3.9 yrs

Anupam Khare

TITLE
Senior VP & Chief Information Officer
AGE
54
TENURE
0.8 yrs

Robert Sims

TITLE
Executive VP
COMPENSATION
$2M
AGE
56

Patrick Davidson

TITLE
Senior Vice President of Investor Relations
TENURE
12.4 yrs
Board of Directors Tenure

Average tenure and age of the Oshkosh board of directors in years:

6.6
Average Tenure
65
Average Age
  • The tenure for the Oshkosh board of directors is about average.
Board of Directors

Craig Omtvedt

TITLE
Independent Chairman of the Board
COMPENSATION
$394K
AGE
69
TENURE
2 yrs

Wilson Jones

TITLE
President
COMPENSATION
$11M
AGE
57
TENURE
3.1 yrs

Leslie Kenne

TITLE
Independent Director
COMPENSATION
$258K
AGE
70
TENURE
8.3 yrs

Peter Hamilton

TITLE
Independent Director
COMPENSATION
$264K
AGE
71
TENURE
7.6 yrs

Steve Mizell

TITLE
Independent Director
COMPENSATION
$260K
AGE
58
TENURE
3.6 yrs

William Wallace

TITLE
Independent Director
COMPENSATION
$244K
AGE
71
TENURE
8 yrs

Duncan Palmer

TITLE
Independent Director
COMPENSATION
$244K
AGE
53
TENURE
7.6 yrs

John Shiely

TITLE
Independent Director
COMPENSATION
$257K
AGE
65
TENURE
7.1 yrs

Steve Newlin

TITLE
Independent Director
COMPENSATION
$258K
AGE
65
TENURE
6.1 yrs

Keith Allman

TITLE
Independent Director
COMPENSATION
$251K
AGE
55
TENURE
3.4 yrs
Who owns this company?
Recent Insider Trading
  • Oshkosh insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. Feb 19 Sell Frank Nerenhausen Individual 12. Feb 19 13. Feb 19 -5,000 $78.71 $-393,521
13. Feb 19 Sell Wilson Jones Individual 12. Feb 19 12. Feb 19 -16,000 $79.04 $-1,264,640
29. Nov 18 Buy Tina Schoner Individual 27. Nov 18 27. Nov 18 370 $67.30 $24,901
20. Nov 18 Buy Tina Schoner Individual 16. Nov 18 16. Nov 18 630 $66.78 $42,071
22. May 18 Sell Marek May Individual 21. May 18 21. May 18 -5,072 $79.39 $-401,777
X
Management checks
We assess Oshkosh's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Oshkosh has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Estimating The Intrinsic Value Of Oshkosh Corporation (NYSE:OSK)

Help shape the future of investing tools and you could win a $250 gift card! … by estimating the company's future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.

Simply Wall St -

Will Oshkosh Corporation's (NYSE:OSK) Earnings Grow Over The Next Few Years?

Oshkosh Corporation's (NYSE:OSK) most recent earnings update in September 2018a … signalled … business

Simply Wall St -

An Examination Of Oshkosh Corporation (NYSE:OSK)

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Oshkosh Corporation (NYSE:OSK) due to its excellent fundamentals in more than one area.

Simply Wall St -

Have Insiders Been Selling Oshkosh Corporation (NYSE:OSK) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Oshkosh Corporation (NYSE:OSK). … So we know that an insider sold shares at around the present share price of US$62.77. … Over the last year we saw more insider selling of Oshkosh shares, than buying

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand Oshkosh Corporation (NYSE:OSK)

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll look at Oshkosh Corporation's (NYSE:OSK) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Oshkosh Corporation (NYSE:OSK)'s Return on Capital

and want to begin learning the link between Oshkosh Corporation (NYSE:OSK)’s return fundamentals and stock market performance. … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Therefore, looking at how efficiently Oshkosh is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

Is Oshkosh Corporation's (NYSE:OSK) CEO Pay Fair?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Wilson Jones's Compensation Compare With Similar Sized Companies. … According to our data, Oshkosh Corporation has a market capitalization of US$5.1b, and pays its CEO total annual compensation worth US$10m.

Simply Wall St -

Oshkosh Corporation (NYSE:OSK) Delivered A Better ROE Than Its Industry

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Another way to think of that is that for every $1 worth of equity in the company, it was able to earn $0.19. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Oshkosh Corporation (NYSE:OSK): 4 Days To Buy Before The Ex-Dividend Date

Investors who want to cash in on Oshkosh Corporation's (NYSE:OSK) upcoming dividend of US$0.27 per share have only 4 days left to buy the shares before its ex-dividend date, 16 November 2018, in time for dividends payable on the 03 December 2018. … Is this future income stream a compelling catalyst for dividend investors to think about the stock as an investment today? … Let's take a look at Oshkosh's most recent financial data to examine its dividend characteristics in more detail.

Simply Wall St -

What Price Should You Be Buying Oshkosh Corporation's (NYSE:OSK)?

Knowing which valuation model to use for financial analysis can be incredibly confusing for even the most seasoned of investors. … In the case of Oshkosh Corporation's (NYSE:OSK), my discounted cash flow (DCF) model tells me that Oshkosh Corporation's (NYSE:OSK) is undervalued by 20.19%; however, my relative valuation metrics tell me that Oshkosh Corporation's (NYSE:OSK) is undervalued by 10.99%. … Which model do I listen to and more importantly why?

Simply Wall St -

Company Info

Map
Description

Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company’s Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales. Its Defense segment provides heavy, medium, and light tactical wheeled vehicles and related services to the department of defense. The company’s Fire & Emergency segment offers custom and commercial fire apparatus; and emergency vehicles, such as pumpers, aerial platform, ladder and tiller trucks, tankers, rescue vehicles, wild land rough terrain response vehicles, mobile command and control centers, bomb squad vehicles, hazardous materials control vehicles, and other emergency response vehicles. This segment also provides aircraft rescue and firefighting, snow removal, and broadcast and communication vehicles, as well as command trucks, and military simulator shelters and trailers. Its Commercial segment offers front-and rear-discharge concrete mixers, portable and stationary concrete batch plants for the concrete ready-mix industry; refuse collection vehicles to waste service industry; and field service vehicles and truck-mounted cranes for the construction, equipment dealer, building supply, utility, tire service, railroad, and mining industries. Oshkosh Corporation provides its products through direct sales representatives, dealers, and distributors. The company was formerly known as Oshkosh Truck Corporation and changed its name to Oshkosh Corporation in February 2008. Oshkosh Corporation was founded in 1917 and is headquartered in Oshkosh, Wisconsin.

Details
Name: Oshkosh Corporation
OSK
Exchange: NYSE
Founded: 1917
$5,516,876,044
70,046,674
Website: http://www.oshkoshcorporation.com
Address: Oshkosh Corporation
PO Box 2566,
Oshkosh,
Wisconsin, 54903,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE OSK Common Stock New York Stock Exchange US USD 02. Oct 1985
DB OK3 Common Stock Deutsche Boerse AG DE EUR 02. Oct 1985
LSE 0KDI Common Stock London Stock Exchange GB USD 02. Oct 1985
Number of employees
Current staff
Staff numbers
15,000
Oshkosh employees.
Industry
Construction Machinery and Heavy Trucks
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/18 01:40
End of day share price update: 2019/02/15 00:00
Last estimates confirmation: 2019/02/11
Last earnings filing: 2019/01/31
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.