(LCII) LCI Industries - NYSE
Sector: Consumer Cyclical | Industry: Recreational Vehicles | Exchange: NYSE (USA) | Market Cap: 2.260m USD | Total Return: 5.6% in 12m
Avg Turnover: 32.4M
EPS Trend: 90.6%
Qual. Beats: 1
Rev. Trend: 58.6%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
LCI Industries (NYSE: LCII) manufactures and supplies engineered components for the recreational vehicle (RV), marine, and adjacent transportation industries. The company operates through two primary segments: Original Equipment Manufacturers (OEM) and Aftermarket. Its product portfolio includes chassis, suspension systems, windows, entry doors, furniture, and electronic components for various mobile applications.
The business model relies heavily on the cyclical RV market, where LCI acts as a critical Tier-1 supplier by consolidating multiple product categories into integrated solutions for manufacturers. In the marine sector, the company provides specialized components such as biminis and towing products, diversifying its revenue beyond land-based leisure vehicles. Investors may find it useful to review ValueRay for deeper insights into the companys valuation metrics.
Headquartered in Elkhart, Indiana-a major hub for the North American RV industry-LCI serves a global market that includes manufactured housing and commercial transportation. The Aftermarket segment provides a counter-cyclical revenue stream by supplying replacement parts and accessories directly to dealers, distributors, and consumers.
- RV wholesale shipment volumes dictate OEM segment revenue and manufacturing utilization
- Interest rate fluctuations impact consumer financing and dealer inventory carrying costs
- Expansion into marine and adjacent industries reduces reliance on cyclical RV markets
- Aftermarket segment growth provides high-margin recurring revenue during new vehicle downturns
- Raw material costs and supply chain efficiencies drive operating margin performance
| Net Income: 246.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -9.26 > 1.0 |
| NWC/Revenue: 21.55% < 20% (prev 23.72%; Δ -2.17% < -1%) |
| CFO/TA 0.04 > 3% & CFO 142.5m > Net Income 246.0m |
| Net Debt (1.38b) to EBITDA (475.0m): 2.91 < 3 |
| Current Ratio: 2.91 > 1.5 & < 3 |
| Outstanding Shares: last quarter (24.3m) vs 12m ago -4.49% < -2% |
| Gross Margin: 24.74% > 18% (prev 23.77%; Δ 0.97% > 0.5%) |
| Asset Turnover: 136.9% > 50% (prev 123.2%; Δ 13.74% > 0%) |
| Interest Coverage Ratio: 8.87 > 6 (EBIT TTM 353.6m / Interest Expense TTM 39.8m) |
| A: 0.29 (Total Current Assets 1.42b - Total Current Liabilities 488.0m) / Total Assets 3.22b |
| B: 0.41 (Retained Earnings 1.31b / Total Assets 3.22b) |
| C: 0.11 (EBIT TTM 353.6m / Avg Total Assets 3.16b) |
| D: 0.76 (Book Value of Equity 1.39b / Total Liabilities 1.83b) |
| Altman-Z'' = 4.78 = AA |
| DSRI: 0.93 (Receivables 376.1m/357.1m, Revenue 4.32b/3.82b) |
| GMI: 0.96 (GM 23.77% / 24.74%) |
| AQI: 0.98 (AQ_t 0.34 / AQ_t-1 0.35) |
| SGI: 1.13 (Revenue 4.32b / 3.82b) |
| TATA: 0.03 (NI 246.0m - CFO 142.5m) / TA 3.22b) |
| Beneish M = -3.03 (Cap -4..+1) = AA |
As of June 19, 2026, the stock is trading at USD 89.73 with a total of 284,463 shares traded.
Over the past week, the price has changed by -1.09%,
over one month by -17.60%,
over three months by -26.74% and
over the past year by +5.56%.
LCI Industries has received a consensus analysts rating of 3.44. Therefore, it is recommended to hold LCII.
- StrongBuy: 2
- Buy: 1
- Hold: 5
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 146 | 62.7% |
P/E Trailing = 11.4044
P/E Forward = 10.9649
P/S = 0.5424
P/B = 1.6292
P/EG = 1.0389
Revenue TTM = 4.32b USD
EBIT TTM = 353.6m USD
EBITDA TTM = 475.0m USD
Long Term Debt = 941.3m USD (from longTermDebt, last quarter)
Short Term Debt = 3.67m USD (from shortLongTermDebt, last quarter)
Debt = 1.53b USD (from shortLongTermDebtTotal, last fiscal year) + Leases 290.3m
Net Debt = 1.38b USD (calculated: Debt 1.53b - CCE 142.2m)
Enterprise Value = 3.64b USD (2.26b + Debt 1.53b - CCE 142.2m)
Interest Coverage Ratio = 8.87 (Ebit TTM 353.6m / Interest Expense TTM 39.8m)
EV/FCF = 38.72x (Enterprise Value 3.64b / FCF TTM 94.1m)
FCF Yield = 2.58% (FCF TTM 94.1m / Enterprise Value 3.64b)
FCF Margin = 2.18% (FCF TTM 94.1m / Revenue TTM 4.32b)
Net Margin = 5.69% (Net Income TTM 246.0m / Revenue TTM 4.32b)
Gross Margin = 24.74% ((Revenue TTM 4.32b - Cost of Revenue TTM 3.25b) / Revenue TTM)
Gross Margin QoQ = 25.09% (prev 25.09%)
Tobins Q-Ratio = 1.13 (Enterprise Value 3.64b / Total Assets 3.22b)
Interest Expense / Debt = 2.61% (Interest Expense 39.8m / Debt 1.53b)
Taxrate = 21.43% (71.3m / 332.6m)
NOPAT = 277.8m (EBIT 353.6m * (1 - 21.43%))
Current Ratio = 2.91 (Total Current Assets 1.42b / Total Current Liabilities 488.0m)
Debt / Equity = 1.10 (Debt 1.53b / totalStockholderEquity, last quarter 1.39b)
Debt / EBITDA = 2.91 (Net Debt 1.38b / EBITDA 475.0m)
Debt / FCF = 14.70 (Net Debt 1.38b / FCF TTM 94.1m)
Total Stockholder Equity = 1.38b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.79% (Net Income 246.0m / Total Assets 3.22b)
RoE = 17.82% (Net Income TTM 246.0m / Total Stockholder Equity 1.38b)
RoCE = 15.23% (EBIT 353.6m / Capital Employed (Equity 1.38b + L.T.Debt 941.3m))
RoIC = 10.54% (NOPAT 277.8m / Invested Capital 2.63b)
WACC = 6.43% (E(2.26b)/V(3.79b) * Re(9.39%) + D(1.53b)/V(3.79b) * Rd(2.61%) * (1-Tc(0.21)))
Discount Rate = 9.39% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -42.22 | Cagr: -1.88%
[DCF] Terminal Value 73.10% ; FCFF base≈207.6m ; Y1≈182.1m ; Y5≈147.1m
[DCF] Fair Price = 40.26 (EV 2.36b - Net Debt 1.38b = Equity 977.7m / Shares 24.3m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 90.64 | EPS CAGR: 55.65% | SUE: 1.23 | # QB: 1
Revenue Correlation: 58.64 | Revenue CAGR: 3.23% | SUE: 0.51 | # QB: 0
EPS current Quarter (2026-06-30): EPS=2.74 | Chg30d=-0.77% | Revisions=-23% | Analysts=10
EPS next Quarter (2026-09-30): EPS=2.36 | Chg30d=-4.37% | Revisions=-38% | Analysts=10
EPS current Year (2026-12-31): EPS=8.92 | Chg30d=+2.07% | Revisions=+43% | GrowthEPS=+19.6% | GrowthRev=+3.5%
EPS next Year (2027-12-31): EPS=10.06 | Chg30d=+1.17% | Revisions=+29% | GrowthEPS=+12.8% | GrowthRev=+4.7%
[Analyst] Revisions Ratio: +43%