THO Stock Analysis: Thor Industries | NYSE
Recreational Vehicles | NYSE, USA | Market Cap: 4.182m USD | 12M Return: -17.5% | US8851601018 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 65.2M
EPS Trend: -25.4%
Qual. Beats: 0
Rev. Trend: -68.6%
Qual. Beats: 6
Warnings
No concerns identified
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Thor Industries, Inc. (NYSE: THO) is a U.S.-based manufacturer of recreational vehicles (RVs), operating primarily in the United States, Germany, the rest of Europe, Canada, and other international markets. Founded in 1980 and headquartered in Elkhart, Indiana - a region widely recognized as the center of U.S. RV production - the company offers a broad product portfolio that includes travel trailers, fifth wheels, Class A/B/C motorhomes (gasoline and diesel), motorcaravans, campervans, urban vehicles, and caravans, along with related parts and services.
In addition to finished RVs, Thor produces aluminum extrusion and specialized component products supplied to both RV and non-RV manufacturers, providing a secondary revenue stream within the broader automotive and mobility components sector. The company distributes its products exclusively through independent, non-franchise dealers, a sales model that is common across the RV industry and relies on a fragmented retail network rather than company-owned stores.
Thor operates in the Consumer Discretionary sector, and demand for its products is closely tied to discretionary consumer spending, consumer confidence, and broader economic cycles, making the RV business historically cyclical in nature.
- North American RV dealer inventory levels decline as wholesale shipments normalize
- European RV demand softens amid German consumer spending pressure
- Motorhome margins expand on stabilizing raw material and chassis costs
| Net Income: 177.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -4.01 > 1.0 |
| NWC/Revenue: 12.38% < 20% (prev 12.46%; Δ -0.07% < -1%) |
| CFO/TA 0.05 > 3% & CFO 321.2m > Net Income 177.5m |
| Net Debt (386.0m) to EBITDA (541.9m): 0.71 < 3 |
| Current Ratio: 1.77 > 1.5 & < 3 |
| Outstanding Shares: last quarter (52.6m) vs 12m ago -1.36% < -2% |
| Gross Margin: 12.62% > 18% (prev 14.66%; Δ -2.04% > 0.5%) |
| Asset Turnover: 137.0% > 50% (prev 135.6%; Δ 1.46% > 0%) |
| Interest Coverage Ratio: 7.48 > 6 (EBIT TTM 275.6m / Interest Expense TTM 36.8m) |
| A: 0.17 (Total Current Assets 2.74b - Total Current Liabilities 1.55b) / Total Assets 6.96b |
| B: 0.64 (Retained Earnings 4.48b / Total Assets 6.96b) |
| C: 0.04 (EBIT TTM 275.6m / Avg Total Assets 7.01b) |
| D: 1.58 (Book Value of Equity 4.26b / Total Liabilities 2.70b) |
| Altman-Z'' = 5.14 = AAA |
| DSRI: 0.69 (Receivables 486.8m/707.4m, Revenue 9.61b/9.58b) |
| GMI: 1.16 (GM 14.66% / 12.62%) |
| AQI: 0.99 (AQ_t 0.42 / AQ_t-1 0.42) |
| SGI: 1.00 (Revenue 9.61b / 9.58b) |
| TATA: -0.02 (NI 177.5m - CFO 321.2m) / TA 6.96b) |
| Beneish M = -3.14 (Cap -4..+1) = AA |
As of November 10, 2026, the stock is trading at USD 82.00 with a total of 918,282 shares traded. Over the past week, the price has changed by +3.16%, over one month by +29.38%, over three months by +3.93% and over the past year by -17.47%.
Current recommended Stop Loss: 77.90 (which is 5% or 1.3 ATR below the current price).
Thor Industries has received a consensus analysts rating of 3.47. Therefore, it is recommended to hold THO.
- StrongBuy: 4
- Buy: 1
- Hold: 11
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 83.2 | 1.5% |
P/E Trailing = 23.8964
P/E Forward = 22.4215
P/S = 0.4353
P/B = 0.9814
P/EG = 0.7277
Revenue TTM = 9.61b USD
EBIT TTM = 275.6m USD
EBITDA TTM = 541.9m USD
Long Term Debt = 865.1m USD (from longTermDebt, last quarter)
Short Term Debt = 75.1m USD (from shortTermDebt, last quarter)
Debt = 868.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 386.0m USD (calculated: Debt 868.0m - CCE 482.0m)
Enterprise Value = 4.57b USD (4.18b + Debt 868.0m - CCE 482.0m)
Interest Coverage Ratio = 7.48 (Ebit TTM 275.6m / Interest Expense TTM 36.8m)
EV/FCF = 27.06x (Enterprise Value 4.57b / FCF TTM 168.8m)
FCF Yield = 3.70% (FCF TTM 168.8m / Enterprise Value 4.57b)
FCF Margin = 1.76% (FCF TTM 168.8m / Revenue TTM 9.61b)
Net Margin = 1.85% (Net Income TTM 177.5m / Revenue TTM 9.61b)
Gross Margin = 12.62% ((Revenue TTM 9.61b - Cost of Revenue TTM 8.40b) / Revenue TTM)
Gross Margin QoQ = 14.76% (prev 12.75%)
Tobins Q-Ratio = 0.66 (Enterprise Value 4.57b / Total Assets 6.96b)
Interest Expense / Debt = 4.24% (Interest Expense 36.8m / Debt 868.0m)
Taxrate = 26.84% (64.1m / 238.7m)
NOPAT = 201.6m (EBIT 275.6m * (1 - 26.84%))
Current Ratio = 1.77 (Total Current Assets 2.74b / Total Current Liabilities 1.55b)
Debt / Equity = 0.20 (Debt 868.0m / totalStockholderEquity, last quarter 4.26b)
Debt / EBITDA = 0.71 (Net Debt 386.0m / EBITDA 541.9m)
Debt / FCF = 2.29 (Net Debt 386.0m / FCF TTM 168.8m)
Total Stockholder Equity = 4.30b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.53% (Net Income 177.5m / Total Assets 6.96b)
RoE = 4.13% (Net Income TTM 177.5m / Total Stockholder Equity 4.30b)
RoCE = 5.34% (EBIT 275.6m / Capital Employed (Equity 4.30b + L.T.Debt 865.1m))
RoIC = 4.03% (NOPAT 201.6m / Invested Capital 5.00b)
WACC = 8.17% (E(4.18b)/V(5.05b) * Re(9.22%) + D(868.0m)/V(5.05b) * Rd(4.24%) * (1-Tc(0.27)))
Discount Rate = 9.22% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -86.83 | Cagr: -0.97%
[DCF] Terminal Value 73.10% ; FCFF base≈283.3m ; Y1≈248.4m ; Y5≈200.7m
[DCF] Fair Price = 54.77 (EV 3.22b - Net Debt 386.0m = Equity 2.84b / Shares 51.8m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -25.40 | EPS CAGR: -4.41% | SUE: -0.26 | # QB: 0
Revenue Correlation: -68.65 | Revenue CAGR: -2.53% | SUE: 1.03 | # QB: 6
EPS current Quarter (2026-10-31): EPS=0.14 | Chg30d=-75.17% | Revisions=-70% | Analysts=12
EPS next Quarter (2027-01-31): EPS=0.24 | Chg30d=-37.01% | Revisions=-36% | Analysts=10
EPS current Year (2027-07-31): EPS=3.63 | Chg30d=-18.07% | Revisions=-67% | GrowthEPS=+7.5% | GrowthRev=+0.7%
EPS next Year (2028-07-31): EPS=4.80 | Chg30d=-9.54% | Revisions=-29% | GrowthEPS=+32.0% | GrowthRev=+4.7%
[Analyst] Revisions Ratio: -68% (up=4, down=27)