NYSE:WNC

Stock Analysis Report

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Executive Summary

Wabash National Corporation designs, manufactures, and distributes transportation and various industrial products primarily in the United States.


Snowflake Analysis

Mediocre balance sheet and overvalued.


Similar Companies

Share Price & News

How has Wabash National's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: WNC's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.7%

WNC

6.2%

US Machinery

3.0%

US Market


1 Year Return

-29.5%

WNC

-0.6%

US Machinery

9.9%

US Market

Return vs Industry: WNC underperformed the US Machinery industry which returned 0.2% over the past year.

Return vs Market: WNC underperformed the US Market which returned 9.5% over the past year.


Shareholder returns

WNCIndustryMarket
7 Day6.7%6.2%3.0%
30 Day19.1%9.1%8.2%
90 Day-11.5%-6.1%0.4%
1 Year-27.5%-29.5%1.4%-0.6%12.4%9.9%
3 Year-49.4%-52.3%9.3%2.2%31.0%22.3%
5 Year-23.5%-28.4%40.9%24.0%58.1%40.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Wabash National undervalued compared to its fair value and its price relative to the market?

1.28x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: WNC ($9.55) is trading above our estimate of fair value ($4.49)

Significantly Below Fair Value: WNC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: WNC is unprofitable, so we can't compare its PE Ratio to the Machinery industry average.

PE vs Market: WNC is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate WNC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: WNC is good value based on its PB Ratio (1.3x) compared to the US Machinery industry average (2x).


Next Steps

Future Growth

How is Wabash National forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

131.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WNC is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: WNC is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: WNC is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: WNC's revenue (0.6% per year) is forecast to grow slower than the US market (8.8% per year).

High Growth Revenue: WNC's revenue (0.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if WNC's Return on Equity is forecast to be high in 3 years time


Next Steps

  • Explore growth companies in the Capital Goods industry.

Past Performance

How has Wabash National performed over the past 5 years?

-10.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WNC is currently unprofitable.

Growing Profit Margin: WNC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: WNC is unprofitable, and losses have increased over the past 5 years at a rate of -10.5% per year.

Accelerating Growth: Unable to compare WNC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: WNC is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (-5.7%).


Return on Equity

High ROE: WNC has a negative Return on Equity (-8.08%), as it is currently unprofitable.


Next Steps

Financial Health

How is Wabash National's financial position?


Financial Position Analysis

Short Term Liabilities: WNC's short term assets ($577.1M) exceed its short term liabilities ($269.5M).

Long Term Liabilities: WNC's short term assets ($577.1M) exceed its long term liabilities ($561.9M).


Debt to Equity History and Analysis

Debt Level: WNC's debt to equity ratio (127.1%) is considered high.

Reducing Debt: WNC's debt to equity ratio has increased from 85.6% to 127.1% over the past 5 years.

Debt Coverage: WNC's debt is well covered by operating cash flow (20.5%).

Interest Coverage: WNC is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

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

3.35%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WNC's dividend (3.35%) is higher than the bottom 25% of dividend payers in the US market (1.69%).

High Dividend: WNC's dividend (3.35%) is low compared to the top 25% of dividend payers in the US market (4.52%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, WNC has been paying a dividend for less than 10 years.

Growing Dividend: WNC's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: WNC is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.1yrs

Average management tenure


CEO

Brent Yeagy (48yo)

2yrs

Tenure

US$4,394,566

Compensation

Mr. Brent L. Yeagy has been the President and Chief Executive Officer of Wabash National Corporation since October 1, 2016 and June 2, 2018 respectively. He was its Chief Operating Officer at Wabash Nation ...


CEO Compensation Analysis

Compensation vs Market: Brent's total compensation ($USD4.39M) is above average for companies of similar size in the US market ($USD2.21M).

Compensation vs Earnings: Brent's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Brent Yeagy
President2yrsUS$4.39m0.31% $1.6m
Michael Pettit
Senior VP & CFO0.42yrUS$974.05k0.028% $141.3k
Dustin Smith
Senior Vice President of Global Operations0.25yrUS$1.22m0.026% $131.3k
Melanie Margolin
Senior VP2.08yrsUS$1.18mno data
Rodney Ehrlich
CTO & Senior VP16.42yrsUS$657.91kno data
Ryan Reed
Director of Investor Relations2.42yrsno datano data
Dana Stelsel
Director of Corporate Communicationsno datano datano data
Mary Glazner
Senior VP & Chief Human Resources Officer1.58yrsno data0.021% $104.9k
Kevin Page
Senior Vice President of Customer Value Creation2.67yrsUS$783.95k0.077% $386.5k
Don Hurtt
Treasurer and Vice President of Tax6.42yrsno datano data

2.1yrs

Average Tenure

47yo

Average Age

Experienced Management: WNC's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Brent Yeagy
President2yrsUS$4.39m0.31% $1.6m
Stuart Taylor
Independent Director0.83yrUS$114.15kno data
Scott Sorensen
Independent Director15.08yrsUS$216.15k0.11% $573.9k
Ann Murtlow
Independent Director7.33yrsUS$208.01k0.064% $322.8k
John Boss
Independent Director2.5yrsUS$243.48k0.099% $497.9k
John Kunz
Independent Director9.25yrsUS$217.19k0.091% $460.4k
Larry Magee
Independent Chairman0.083yrUS$209.91k0.18% $913.7k
Therese Bassett
Independent Director0.58yrUS$65.97kno data

3.1yrs

Average Tenure

57.5yo

Average Age

Experienced Board: WNC's board of directors are considered experienced (3.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: WNC insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Wabash National Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Wabash National Corporation
  • Ticker: WNC
  • Exchange: NYSE
  • Founded: 1985
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: US$504.715m
  • Shares outstanding: 52.85m
  • Website: https://www.wabashnational.com

Number of Employees


Location

  • Wabash National Corporation
  • 1000 Sagamore Parkway South
  • Lafayette
  • Indiana
  • 47905
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WNCNYSE (New York Stock Exchange)YesCommon StockUSUSDNov 1991
WA9DB (Deutsche Boerse AG)YesCommon StockDEEURNov 1991
0LSOLSE (London Stock Exchange)YesCommon StockGBUSDNov 1991

Biography

Wabash National Corporation designs, manufactures, and distributes transportation and various industrial products primarily in the United States. The company operates through three segments: Commercial Trailer Products, Diversified Products, and Final Mile Products. The Commercial Trailer Products segment provides dry van trailers; platform trailers; refrigerated trailers; converter dollies, big tire haulers, and steel coil haulers; aftermarket parts and services; and used trailers. The Diversified Products segment offers stainless steel and aluminum liquid and dry bulk tank trailers, and other transport solutions for the dairy, food and beverage, chemical, environmental, petroleum, and refined fuel industries; and parts, and maintenance and repair services for tank trailers and other related equipment. This segment also offers process vessels, and round horizontal and vertical storage silo tanks; containment and isolation systems for the pharmaceutical, chemical, biotech, and nuclear industries; and composite products. The Final Mile Products segment provides van bodies for dry-freight transportation; cutaway van bodies for commercial applications; service bodies; insulated van bodies; stake bodies; and refrigerated and dry freight truck bodies. The company offers its products under the Wabash National, Beall, Benson, Brenner Tank, Bulk Tank International, DuraPlate, Extract Technology, Supreme, Transcraft, Walker Engineered Products, Walker Transpor, DuraPlateHD, ArcticLite, DuraPlate Cell Core, Iner-City, Spartan, Kold King, and DuraPlate AeroSkirt brands. It distributes its product directly, as well as through its retail operations and independent dealers to truckload common carriers, leasing companies, private fleet carriers, less-than-truckload common carriers, and package carriers. Wabash National Corporation was founded in 1985 and is headquartered in Lafayette, Indiana. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/01 03:51
End of Day Share Price2020/05/29 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.