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Wabash National

NYSE:WNC
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WNC
NYSE
$816M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Wabash National Corporation designs, manufactures, and distributes transportation and diversified industrial products; and provides services primarily in the United States. The last earnings update was 46 days ago. More info.


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WNC Share Price and Events
7 Day Returns
1.7%
NYSE:WNC
0.3%
US Machinery
0.5%
US Market
1 Year Returns
-26.6%
NYSE:WNC
-2%
US Machinery
0.8%
US Market
WNC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wabash National (WNC) 1.7% 2.1% 7.1% -26.6% 12.4% 0.5%
US Machinery 0.3% -0.1% 0.3% -2% 42.5% 20.2%
US Market 0.5% -0.1% 1% 0.8% 37.5% 37.5%
1 Year Return vs Industry and Market
  • WNC underperformed the Machinery industry which returned -2% over the past year.
  • WNC underperformed the Market in United States of America which returned 0.8% over the past year.
Price Volatility
WNC
Industry
5yr Volatility vs Market

WNC Value

 Is Wabash National 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 Wabash National 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 Wabash National.

NYSE:WNC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11%
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:WNC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.063 (1 + (1- 21%) (62.41%))
1.393
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.39
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.393 * 5.96%)
11.03%

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

The calculations below outline how an intrinsic value for Wabash National is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:WNC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.03%)
2019 93.76 Analyst x4 84.44
2020 102.87 Analyst x4 83.44
2021 110.38 Est @ 7.3% 80.63
2022 116.92 Est @ 5.93% 76.92
2023 122.73 Est @ 4.97% 72.72
2024 128.00 Est @ 4.3% 68.31
2025 132.90 Est @ 3.83% 63.87
2026 137.55 Est @ 3.5% 59.54
2027 142.04 Est @ 3.27% 55.37
2028 146.45 Est @ 3.11% 51.42
Present value of next 10 years cash flows $696.67
NYSE:WNC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $146.45 × (1 + 2.73%) ÷ (11.03% – 2.73%)
$1,811.70
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,811.70 ÷ (1 + 11.03%)10
$636.08
NYSE:WNC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $696.67 + $636.08
$1,332.74
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,332.74 / 55.43
$24.05
NYSE:WNC Discount to Share Price
Calculation Result
Value per share (USD) From above. $24.05
Current discount Discount to share price of $14.72
= -1 x ($14.72 - $24.05) / $24.05
38.8%

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

Current Discount
Amount off the current price Wabash National is available for.
Intrinsic value
39%
Share price is $14.72 vs Future cash flow value of $24.05
Current Discount Checks
For Wabash National to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Wabash National's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Wabash National's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Wabash National's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wabash National's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:WNC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.12
NYSE:WNC Share Price ** NYSE (2019-06-14) in USD $14.72
United States of America Machinery Industry PE Ratio Median Figure of 99 Publicly-Listed Machinery Companies 20.41x
United States of America Market PE Ratio Median Figure of 3,094 Publicly-Listed Companies 17.69x

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

** Primary Listing of Wabash National.

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

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

= 14.72 ÷ 1.12

13.18x

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

  • Wabash National is good value based on earnings compared to the US Machinery industry average.
  • Wabash National is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Wabash National's expected growth come at a high price?
Raw Data
NYSE:WNC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
7.1%per year
United States of America Machinery Industry PEG Ratio Median Figure of 80 Publicly-Listed Machinery Companies 1.45x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.18x ÷ 7.1%

1.86x

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

  • Wabash National is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Wabash National's assets?
Raw Data
NYSE:WNC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $8.73
NYSE:WNC Share Price * NYSE (2019-06-14) in USD $14.72
United States of America Machinery Industry PB Ratio Median Figure of 127 Publicly-Listed Machinery Companies 2.23x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NYSE:WNC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 14.72 ÷ 8.73

1.69x

* Primary Listing of Wabash National.

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

  • Wabash National is good value based on assets compared to the US Machinery industry average.
X
Value checks
We assess Wabash National'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. Wabash National has a total score of 4/6, 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.

WNC Future Performance

 How is Wabash National expected to perform in the next 1 to 3 years based on estimates from 5 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
7.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wabash National expected to grow at an attractive rate?
  • Wabash National's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Wabash National's earnings growth is positive but not above the United States of America market average.
  • Wabash National's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:WNC Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:WNC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 7.1%
NYSE:WNC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -6.5%
United States of America Machinery Industry Earnings Growth Rate Market Cap Weighted Average 10.2%
United States of America Machinery Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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:WNC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:WNC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 2,133 148 86 5
2019-12-31 2,326 146 90 5
NYSE:WNC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 2,309 158 63
2018-12-31 2,267 112 69
2018-09-30 2,201 140 107
2018-06-30 2,073 110 121
2018-03-31 1,896 67 113
2017-12-31 1,767 144 111
2017-09-30 1,686 134 85
2017-06-30 1,725 178 99
2017-03-31 1,760 201 112
2016-12-31 1,845 179 119
2016-09-30 1,927 133 130
2016-06-30 1,994 166 128

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Wabash National's earnings are expected to grow by 7.1% yearly, however this is not considered high growth (20% yearly).
  • Wabash National's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:WNC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Wabash National Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:WNC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.55 1.88 1.40 5.00
2019-12-31 1.62 1.66 1.59 5.00
NYSE:WNC Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.12
2018-12-31 1.22
2018-09-30 1.86
2018-06-30 2.08
2018-03-31 1.91
2017-12-31 1.88
2017-09-30 1.41
2017-06-30 1.62
2017-03-31 1.79
2016-12-31 1.87
2016-09-30 2.00
2016-06-30 1.95

*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.
  • Unable to establish if Wabash National will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Wabash National'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.
Wabash National has a total score of 1/6, 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.

WNC Past Performance

  How has Wabash National 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 Wabash National'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.
  • Wabash National's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Wabash National's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Wabash National's 1-year earnings growth is negative, it can't be compared to the US Machinery industry average.
Earnings and Revenue History
Wabash National'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 Wabash National Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:WNC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2,309.13 62.93 133.07
2018-12-31 2,267.28 69.42 128.16
2018-09-30 2,200.53 107.19 131.85
2018-06-30 2,072.55 121.48 121.70
2018-03-31 1,895.76 112.52 112.28
2017-12-31 1,767.16 111.42 103.41
2017-09-30 1,685.77 85.07 96.96
2017-06-30 1,724.95 99.50 99.01
2017-03-31 1,760.48 112.08 99.64
2016-12-31 1,845.44 119.43 101.40
2016-09-30 1,927.10 129.72 102.27
2016-06-30 1,994.18 128.22 102.96
2016-03-31 2,037.57 121.34 102.46
2015-12-31 2,027.49 104.29 100.73
2015-09-30 2,011.26 89.95 97.09
2015-06-30 1,971.60 76.23 94.00
2015-03-31 1,942.79 63.69 91.25
2014-12-31 1,863.32 60.45 88.37
2014-09-30 1,794.19 51.76 88.28
2014-06-30 1,742.47 49.72 89.24
2014-03-31 1,669.58 47.62 89.66
2013-12-31 1,635.69 46.07 89.26
2013-09-30 1,593.18 115.31 87.60
2013-06-30 1,559.12 117.48 85.09
2013-03-31 1,508.40 105.39 77.82
2012-12-31 1,461.85 104.73 68.34
2012-09-30 1,387.74 32.64 58.51
2012-06-30 1,318.26 15.44 47.66

*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.
  • Wabash National has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Wabash National used its assets less efficiently than the US Machinery industry average last year based on Return on Assets.
  • Wabash National's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Wabash National'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.
Wabash National has a total score of 1/6, 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.

WNC Health

 How is Wabash National'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 Wabash National's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wabash National is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Wabash National's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Wabash National'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 1.3x 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 Wabash National Company Filings, last reported 2 months ago.

NYSE:WNC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 483.61 509.22 151.92
2018-12-31 473.85 505.91 132.69
2018-09-30 479.89 506.28 104.12
2018-06-30 499.22 506.62 119.22
2018-03-31 513.27 542.16 152.53
2017-12-31 506.06 551.41 191.52
2017-09-30 487.73 552.19 153.70
2017-06-30 473.45 233.52 178.63
2017-03-31 480.85 237.72 211.22
2016-12-31 472.39 237.84 163.47
2016-09-30 496.93 282.54 189.64
2016-06-30 482.24 282.55 187.60
2016-03-31 451.98 282.60 168.41
2015-12-31 439.81 315.18 178.85
2015-09-30 426.69 333.00 197.19
2015-06-30 394.44 336.04 139.56
2015-03-31 384.21 335.91 125.61
2014-12-31 390.83 332.53 146.11
2014-09-30 370.27 331.81 79.55
2014-06-30 349.81 351.33 82.33
2014-03-31 331.38 370.63 65.74
2013-12-31 322.38 370.60 113.26
2013-09-30 309.96 390.05 65.88
2013-06-30 291.66 410.03 45.42
2013-03-31 275.56 429.49 58.63
2012-12-31 268.73 425.15 81.45
2012-09-30 195.69 421.84 39.31
2012-06-30 175.82 446.18 31.60
  • Wabash National's level of debt (104.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (111.7% vs 104.5% today).
  • Debt is well covered by operating cash flow (31.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.8x coverage).
X
Financial health checks
We assess Wabash National'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. Wabash National has a total score of 5/6, 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.

WNC Dividends

 What is Wabash National'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
2.17%
Current annual income from Wabash National dividends. Estimated to be 2.24% next year.
If you bought $2,000 of Wabash National shares you are expected to receive $43 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?
  • Wabash National's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Wabash National's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Upcoming dividend payment

Purchase Wabash National before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:WNC 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 5 Analyst Estimates (S&P Global) See Below
United States of America Machinery Industry Average Dividend Yield Market Cap Weighted Average of 77 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 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 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

NYSE:WNC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.34 1.00
2019-12-31 0.32 1.00
NYSE:WNC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-23 0.320 2.231
2019-02-21 0.320 2.236
2018-11-14 0.320 2.252
2018-08-24 0.300 1.820
2018-05-17 0.300 1.543
2018-02-22 0.300 1.429
2017-12-18 0.300 1.322
2017-09-21 0.240 1.152
2017-05-18 0.240 1.147
2017-02-23 0.240 1.145
2016-12-13 0.240 1.359
2010-08-03 0.000 0.000
2010-05-04 0.000 0.000
2010-03-26 0.000 0.000
2009-11-04 0.000 0.000
2009-08-05 0.000 0.000

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

  • Whilst dividend payments have been stable, Wabash National has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Wabash National only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Wabash National's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Wabash National'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 Wabash National afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wabash National has a total score of 2/6, see the detailed checks below.


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

WNC Management

 What is the CEO of Wabash National'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
Brent Yeagy
COMPENSATION $2,831,187
AGE 47
TENURE AS CEO 1 years
CEO Bio

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 National Corporation from October 01, 2016 to June 02, 2018. Mr. Yeagy joined Wabash National in 2003 and also served as its Vice President of Manufacturing. Mr. Yeagy served as Senior Vice President and Group President of The Commercial Trailer Products Business Segment at Wabash National Corporation since June 1, 2013 until October 01, 2016. He served as Vice President and General Manager of Commercial Trailer Products at Wabash National Corp. since January 2010. He had full day-to-day operating and P&L responsibilities for all Lafayette, Ind., van trailer operations and Transcraft operations in Cadiz, Ky. Prior to Wabash National, from 1999 to 2003, Mr. Yeagy held various positions within human resources, environmental engineering and safety management for Delco Remy International. He served in various plant engineering roles at Rexnord Corporation from December 1995 through 1999. He also served in the United States Navy from 1991 to 1994. Mr. Yeagy has been a Director at Wabash National Corp., since October 01, 2016. He has been a Director at Supreme Industries, Inc. since September 27, 2017. He is a Graduate from the University of Michigan and holds BS and MS from Purdue University. He holds MBA from Anderson University.

CEO Compensation
  • Brent's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Brent's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Wabash National management team in years:

1.3
Average Tenure
49.5
Average Age
  • The average tenure for the Wabash National management team is less than 2 years, this suggests a new team.
Management Team

Brent Yeagy

TITLE
President
COMPENSATION
$3M
AGE
47
TENURE
1 yrs

Jeff Taylor

TITLE
Senior VP & CFO
COMPENSATION
$1M
AGE
52
TENURE
5.4 yrs

Dick Giromini

TITLE
Executive Advisor & Director
COMPENSATION
$5M
AGE
65
TENURE
1 yrs

Dustin Smith

TITLE
Senior VP & Group President of Commercial Trailer Products
COMPENSATION
$985K
AGE
40

Mike Pettit

TITLE
Senior VP & Group President of Final Mile Products
COMPENSATION
$898K
AGE
43

Kevin Page

TITLE
Senior VP & Group President of Diversified Products
COMPENSATION
$784K
AGE
56

Rodney Ehrlich

TITLE
CTO & Senior VP
COMPENSATION
$658K
AGE
71
TENURE
15.4 yrs

Ryan Reed

TITLE
Director of Investor Relations
TENURE
1.4 yrs

Melanie Margolin

TITLE
Senior VP
AGE
46
TENURE
1.1 yrs

Dana Stelsel

TITLE
Director of Corporate Communications
Board of Directors Tenure

Average tenure and age of the Wabash National board of directors in years:

10.2
Average Tenure
57.5
Average Age
  • The average tenure for the Wabash National board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Martin Jischke

TITLE
Chairman of the Board
COMPENSATION
$218K
AGE
76
TENURE
12.1 yrs

Brent Yeagy

TITLE
President
COMPENSATION
$3M
AGE
47
TENURE
2.7 yrs

Dick Giromini

TITLE
Executive Advisor & Director
COMPENSATION
$5M
AGE
65
TENURE
13.5 yrs

Scott Sorensen

TITLE
Independent Director
COMPENSATION
$201K
AGE
56
TENURE
14.3 yrs

John Kunz

TITLE
Independent Director
COMPENSATION
$202K
AGE
53
TENURE
8.3 yrs

Ann Murtlow

TITLE
Independent Director
COMPENSATION
$192K
AGE
57
TENURE
6.3 yrs

Larry Magee

TITLE
Independent Director
COMPENSATION
$195K
AGE
63
TENURE
14.4 yrs

Jack Boss

TITLE
Director
COMPENSATION
$194K
AGE
58
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Wabash National'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. Wabash National 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.

WNC News

Simply Wall St News

Is Now The Time To Look At Buying Wabash National Corporation (NYSE:WNC)?

Wabash National Corporation (NYSE:WNC), which is in the machinery business, and is based in United States, saw a decent share price growth in the teens level on the NYSE over the last few months. … What’s more interesting is that, Wabash National’s share price is quite volatile, which gives us more chances to buy since the share price could sink lower (or rise higher) in the future. … With an optimistic outlook on the horizon, it seems like this growth has not yet been fully factored into the share price.

Simply Wall St -

Some Wabash National (NYSE:WNC) Shareholders Are Down 31%

Unfortunately the Wabash National Corporation (NYSE:WNC) share price slid 31% over twelve months. … We'd be remiss not to mention the difference between Wabash National's total shareholder return (TSR) and its share price return. … Its history of dividend payouts mean that Wabash National's TSR, which was a 29% drop over the last year, was not as bad as the share price return.

Simply Wall St -

Is Wabash National Corporation's (NYSE:WNC) Balance Sheet A Threat To Its Future?

On top of this, WNC has generated cash from operations of US$158m in the last twelve months, leading to an operating cash to total debt ratio of 31%, indicating that WNC’s current level of operating cash is high enough to cover debt. … At the current liabilities level of US$361m, the company has been able to meet these commitments with a current assets level of US$647m, leading to a 1.8x current account ratio. … Next Steps: WNC’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

Taking A Look At Wabash National Corporation's (NYSE:WNC) ROE

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Wabash National Corporation (NYSE:WNC). … That means that for every $1 worth of shareholders' equity, it generated $0.13 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What You Must Know About Wabash National Corporation's (NYSE:WNC) Beta Value

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Does Wabash National Corporation's (NYSE:WNC) P/E Ratio Signal A Buying Opportunity?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll apply a basic P/E ratio analysis to Wabash National Corporation's (NYSE:WNC), to help you decide if the stock is worth further research. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

3 Days Left Until Wabash National Corporation (NYSE:WNC) Trades Ex-Dividend

On the 25 April 2019, Wabash National Corporation (NYSE:WNC) will be paying shareholders an upcoming dividend amount of US$0.08 per share. … Is this future income stream a compelling catalyst for dividend investors to think about the stock as an investment today? … Is its earnings sufficient to payout dividend at the current rate

Simply Wall St -

Should Wabash National Corporation (NYSE:WNC) Be Part Of Your Portfolio?

In the last few years Wabash National Corporation (NYSE:WNC) has paid a dividend to shareholders. … Does Wabash National tick all the boxes of a great dividend stock? … View our latest analysis for Wabash National

Simply Wall St -

At US$14.95, Is Wabash National Corporation (NYSE:WNC) Worth Looking At Closely?

led the NYSE gainers with a relatively large price hike in the past couple of weeks. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Let’s examine Wabash National’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

Is Wabash National Corporation (NYSE:WNC) Better Than Average At Deploying Capital?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

WNC Company Info

Description

Wabash National Corporation designs, manufactures, and distributes transportation and diversified industrial products; and provides services 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, steel coil haulers, and RoadRailer trailers; 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 Walker Transport, Brenner Tank, Bulk Tank International, Beall, Walker Engineered Products, Extract Technology, DuraPlate, DuraPlateHD, DuraPlate XD-35, DuraPlate AeroSkirt, ArcticLite, Transcraft, Benson, Supreme, Iner-City, Spartan, Kold King, and Wabash National brands directly, as well as through independent dealer and retail operations 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.

Details
Name: Wabash National Corporation
WNC
Exchange: NYSE
Founded: 1985
$815,875,975
55,426,357
Website: http://www.wabashnational.com
Address: Wabash National Corporation
1000 Sagamore Parkway South,
Lafayette,
Indiana, 47905,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE WNC Common Stock New York Stock Exchange US USD 08. Nov 1991
DB WA9 Common Stock Deutsche Boerse AG DE EUR 08. Nov 1991
LSE 0LSO Common Stock London Stock Exchange GB USD 08. Nov 1991
Number of employees
Current staff
Staff numbers
7,100
Wabash National employees.
Industry
Construction Machinery and Heavy Trucks
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 23:50
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/10
Last earnings filing: 2019/05/01
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.