NYSE:WHR

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Whirlpool Corporation manufactures and markets home appliances and related products. More Details


Snowflake Analysis

Established dividend payer with adequate balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: WHR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: WHR's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-6.6%

WHR

-2.2%

US Consumer Durables

0.9%

US Market


1 Year Return

29.0%

WHR

19.4%

US Consumer Durables

22.1%

US Market

Return vs Industry: WHR exceeded the US Consumer Durables industry which returned 16.5% over the past year.

Return vs Market: WHR exceeded the US Market which returned 22.2% over the past year.


Shareholder returns

WHRIndustryMarket
7 Day-6.6%-2.2%0.9%
30 Day-5.5%4.0%10.2%
90 Day11.2%10.8%9.7%
1 Year33.4%29.0%20.8%19.4%24.8%22.1%
3 Year21.2%9.6%16.1%11.8%48.6%38.7%
5 Year45.4%25.3%53.0%43.0%99.6%77.6%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: WHR ($186.89) is trading below our estimate of fair value ($189.86)

Significantly Below Fair Value: WHR is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: WHR is good value based on its PE Ratio (13.5x) compared to the US Consumer Durables industry average (13.9x).

PE vs Market: WHR is good value based on its PE Ratio (13.5x) compared to the US market (19.4x).


Price to Earnings Growth Ratio

PEG Ratio: WHR is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: WHR is overvalued based on its PB Ratio (3.4x) compared to the US Consumer Durables industry average (1.5x).


Next Steps

Future Growth

How is Whirlpool forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

11.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WHR's forecast earnings growth (11.4% per year) is above the savings rate (2.2%).

Earnings vs Market: WHR's earnings (11.4% per year) are forecast to grow slower than the US market (21.9% per year).

High Growth Earnings: WHR's earnings are forecast to grow, but not significantly.

Revenue vs Market: WHR's revenue (2% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: WHR's revenue (2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: WHR's Return on Equity is forecast to be high in 3 years time (27.6%)


Next Steps

Past Performance

How has Whirlpool performed over the past 5 years?

-2.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WHR has a large one-off loss of $284.0M impacting its September 30 2020 financial results.

Growing Profit Margin: WHR's current net profit margins (4.6%) are lower than last year (5.2%).


Past Earnings Growth Analysis

Earnings Trend: WHR's earnings have declined by 2% per year over the past 5 years.

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

Earnings vs Industry: WHR had negative earnings growth (-18.3%) over the past year, making it difficult to compare to the Consumer Durables industry average (26%).


Return on Equity

High ROE: Whilst WHR's Return on Equity (20.06%) is high, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Whirlpool's financial position?


Financial Position Analysis

Short Term Liabilities: WHR's short term assets ($9.3B) exceed its short term liabilities ($9.1B).

Long Term Liabilities: WHR's short term assets ($9.3B) exceed its long term liabilities ($7.0B).


Debt to Equity History and Analysis

Debt Level: WHR's debt to equity ratio (159.7%) is considered high.

Reducing Debt: WHR's debt to equity ratio has increased from 82.9% to 159.7% over the past 5 years.

Debt Coverage: WHR's debt is well covered by operating cash flow (32.2%).

Interest Coverage: WHR's interest payments on its debt are well covered by EBIT (23.8x coverage).


Balance Sheet


Next Steps

Dividend

What is Whirlpool current dividend yield, its reliability and sustainability?

2.68%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WHR's dividend (2.68%) is higher than the bottom 25% of dividend payers in the US market (1.48%).

High Dividend: WHR's dividend (2.68%) is low compared to the top 25% of dividend payers in the US market (4.11%).


Stability and Growth of Payments

Stable Dividend: WHR's dividends per share have been stable in the past 10 years.

Growing Dividend: WHR's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34.6%), WHR's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: WHR's dividends in 3 years are forecast to be well covered by earnings (24.4% payout ratio).


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

Marc Bitzer (55 yo)

3.17yrs

Tenure

US$13,999,494

Compensation

Mr. Marc Robert Bitzer has been the Chief Executive Officer of Whirlpool Corporation since October 1, 2017 and has been its Chairman of the Board since January 01, 2019. Mr. Bitzer has been President of Wh...


CEO Compensation Analysis

Compensation vs Market: Marc's total compensation ($USD14.00M) is about average for companies of similar size in the US market ($USD10.98M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Marc Bitzer
Chairman3.17yrsUS$14.00m0.14%
$ 16.0m
James Peters
Executive VP & CFO4.33yrsUS$4.01m0.034%
$ 3.9m
João Costa Brega
Executive VP & President of Latin America12yrsUS$4.85m0.043%
$ 5.0m
Joseph Liotine
Executive VP & President of North America6.17yrsUS$4.80m0.045%
$ 5.2m
Gilles Morel
President of the Europe1.67yrsUS$2.71m0.00030%
$ 35.1k
Christopher Conley
Principal Accounting Officerno datano data0.0014%
$ 169.5k
Danielle Brown
Senior VP & Chief Information Officer0.083yrno datano data
Roxanne Warner
Senior Director of Investor Relationsno datano datano data
Ava Harter
Senior VP & Chief Legal Officerno datano datano data
D. Noel
Corporate Vice President of Communications & Public Affairs16.08yrsno datano data
Tom Arent
Vice President of Sales & Marketingno datano datano data
Carey Martin
Senior VP & Chief Human Resources Officer1.75yrsno datano data

3.8yrs

Average Tenure

50yo

Average Age

Experienced Management: WHR's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Marc Bitzer
Chairman3.17yrsUS$14.00m0.14%
$ 16.0m
Michael White
Independent Director16.5yrsUS$386.78k0.0043%
$ 505.0k
Gary DiCamillo
Independent Director23.67yrsUS$304.84k0.011%
$ 1.2m
James Loree
Independent Director3yrsUS$291.45k0.0041%
$ 474.6k
John Liu
Independent Director10.5yrsUS$310.54k0.0016%
$ 187.0k
Samuel Allen
Independent Presiding Directorno dataUS$336.45k0.026%
$ 3.0m
Harish Manwani
Independent Director9.33yrsUS$291.56k0.012%
$ 1.4m
Geraldine Elliott
Independent Director6.83yrsUS$291.45k0.012%
$ 1.4m
Greg Creed
Independent Director3.83yrsUS$293.44k0.0044%
$ 519.0k
Diane Dietz
Independent Director7.83yrsUS$294.47k0.017%
$ 2.0m
Patricia Poppe
Independent Director1yrUS$9.58kno data
Larry Spencer
Independent Director4.33yrsUS$291.70k0.0016%
$ 187.0k

6.8yrs

Average Tenure

62.5yo

Average Age

Experienced Board: WHR's board of directors are considered experienced (6.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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

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


Key Information

  • Name: Whirlpool Corporation
  • Ticker: WHR
  • Exchange: NYSE
  • Founded: 1911
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Market Cap: US$11.689b
  • Shares outstanding: 62.55m
  • Website: https://www.whirlpoolcorp.com

Number of Employees


Location

  • Whirlpool Corporation
  • 2000 North M-63
  • Benton Harbor
  • Michigan
  • 49022-2692
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WHRNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1968
0LWHLSE (London Stock Exchange)YesCommon StockGBUSDJan 1968
WHRDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1968
WHRXTRA (XETRA Trading Platform)YesCommon StockDEEURJan 1968
WHR *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNJan 1968
W1HR34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 4 REPR 1 COMBRBRLJan 2020

Biography

Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company’s...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/04 00:01
End of Day Share Price2020/12/03 00:00
Earnings2020/09/30
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.