(THO) Thor Industries - Overview
Sector: Consumer Cyclical | Industry: Recreational Vehicles | Exchange: NYSE (USA) | Market Cap: 4.114m USD | Total Return: -1% in 12m
Avg Turnover: 45.4M
EPS Trend: -55.2%
Qual. Beats: 0
Rev. Trend: -80.9%
Qual. Beats: 4
Warnings
Fakeout
Tailwinds
No distinct edge detected
THOR Industries, Inc. (THO) is a global manufacturer of recreational vehicles (RVs), operating across North America and Europe. The company produces an extensive range of products, including motorized and towable units such as travel trailers, motorhomes, and campervans. Additionally, THOR manufactures aluminum extrusions and specialized components for the broader RV industry and third-party manufacturers.
The company operates under a decentralized business model, managing a portfolio of independent brands that sell products through a network of non-franchised dealers. As a major player in the consumer discretionary sector, THOR’s performance is historically sensitive to interest rate fluctuations and consumer confidence levels, which directly impact financing costs for high-ticket vehicle purchases. The RV industry often serves as a leading indicator for broader economic cycles due to the voluntary nature of these purchases.
Investors can evaluate the companys historical valuation trends and peer performance by reviewing the data available on ValueRay. Founded in 1980 and headquartered in Elkhart, Indiana, THOR has expanded its market position through significant acquisitions, including the 2019 purchase of European manufacturer Erwin Hymer Group.
- Federal Reserve interest rate decisions impact consumer financing and floorplan costs
- Dealer inventory levels dictate wholesale shipment volume and production schedules
- North American towable RV demand drives the majority of consolidated revenue
- Rising raw material and labor costs pressure manufacturing gross margins
- European market expansion provides geographical diversification against domestic cyclicality
| Net Income: 300.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -4.78 > 1.0 |
| NWC/Revenue: 11.84% < 20% (prev 11.06%; Δ 0.78% < -1%) |
| CFO/TA 0.05 > 3% & CFO 359.2m > Net Income 300.4m |
| Net Debt (752.3m) to EBITDA (597.1m): 1.26 < 3 |
| Current Ratio: 1.76 > 1.5 & < 3 |
| Outstanding Shares: last quarter (52.8m) vs 12m ago -0.69% < -2% |
| Gross Margin: 13.48% > 18% (prev 0.16%; Δ 1.33k% > 0.5%) |
| Asset Turnover: 144.7% > 50% (prev 141.5%; Δ 3.24% > 0%) |
| Interest Coverage Ratio: 8.28 > 6 (EBITDA TTM 597.1m / Interest Expense TTM 39.7m) |
| A: 0.17 (Total Current Assets 2.72b - Total Current Liabilities 1.54b) / Total Assets 7.02b |
| B: 0.63 (Retained Earnings 4.39b / Total Assets 7.02b) |
| C: 0.05 (EBIT TTM 328.6m / Avg Total Assets 6.87b) |
| D: 1.66 (Book Value of Equity 4.48b / Total Liabilities 2.69b) |
| Altman-Z'' = 5.21 = AAA |
| DSRI: 1.12 (Receivables 767.4m/653.3m, Revenue 9.93b/9.50b) |
| GMI: 1.16 (GM 13.48% / 15.66%) |
| AQI: 0.99 (AQ_t 0.42 / AQ_t-1 0.43) |
| SGI: 1.05 (Revenue 9.93b / 9.50b) |
| TATA: -0.01 (NI 300.4m - CFO 359.2m) / TA 7.02b) |
| Beneish M = -2.76 (Cap -4..+1) = A |
As of May 31, 2026, the stock is trading at USD 79.08 with a total of 394,544 shares traded.
Over the past week, the price has changed by +4.71%,
over one month by +1.71%,
over three months by -17.18% and
over the past year by -1.04%.
Thor Industries has received a consensus analysts rating of 3.44. Therefore, it is recommended to hold THO.
- StrongBuy: 4
- Buy: 1
- Hold: 12
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 104 | 31.5% |
P/E Trailing = 13.8917
P/E Forward = 14.5349
P/S = 0.4141
P/B = 0.9369
P/EG = 0.6217
Revenue TTM = 9.93b USD
EBIT TTM = 328.6m USD
EBITDA TTM = 597.1m USD
Long Term Debt = 877.8m USD (from longTermDebt, last quarter)
Short Term Debt = 85.9m USD (from shortTermDebt, last quarter)
Debt = 994.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 752.3m USD (calculated: Debt 994.5m - CCE 242.2m)
Enterprise Value = 4.87b USD (4.11b + Debt 994.5m - CCE 242.2m)
Interest Coverage Ratio = 8.28 (Ebit TTM 328.6m / Interest Expense TTM 39.7m)
EV/FCF = 21.36x (Enterprise Value 4.87b / FCF TTM 227.8m)
FCF Yield = 4.68% (FCF TTM 227.8m / Enterprise Value 4.87b)
FCF Margin = 2.29% (FCF TTM 227.8m / Revenue TTM 9.93b)
Net Margin = 3.02% (Net Income TTM 300.4m / Revenue TTM 9.93b)
Gross Margin = 13.48% ((Revenue TTM 9.93b - Cost of Revenue TTM 8.59b) / Revenue TTM)
Gross Margin QoQ = 10.51% (prev 12.27%)
Tobins Q-Ratio = 0.69 (Enterprise Value 4.87b / Total Assets 7.02b)
Interest Expense / Debt = 3.99% (Interest Expense 39.7m / Debt 994.5m)
Taxrate = 30.25% (6.35m / 21.0m)
NOPAT = 229.2m (EBIT 328.6m * (1 - 30.25%))
Current Ratio = 1.76 (Total Current Assets 2.72b / Total Current Liabilities 1.54b)
Debt / Equity = 0.23 (Debt 994.5m / totalStockholderEquity, last quarter 4.32b)
Debt / EBITDA = 1.26 (Net Debt 752.3m / EBITDA 597.1m)
Debt / FCF = 3.30 (Net Debt 752.3m / FCF TTM 227.8m)
Total Stockholder Equity = 4.28b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.38% (Net Income 300.4m / Total Assets 7.02b)
RoE = 7.01% (Net Income TTM 300.4m / Total Stockholder Equity 4.28b)
RoCE = 6.37% (EBIT 328.6m / Capital Employed (Equity 4.28b + L.T.Debt 877.8m))
RoIC = 4.12% (NOPAT 229.2m / Invested Capital 5.56b)
WACC = 8.77% (E(4.11b)/V(5.11b) * Re(10.22%) + D(994.5m)/V(5.11b) * Rd(3.99%) * (1-Tc(0.30)))
Discount Rate = 10.22% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -64.44 | Cagr: -0.84%
[DCF] Terminal Value 71.53% ; FCFF base≈352.3m ; Y1≈308.9m ; Y5≈249.6m
[DCF] Fair Price = 56.91 (EV 3.75b - Net Debt 752.3m = Equity 2.99b / Shares 52.6m; r=8.77% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -55.21 | EPS CAGR: -15.40% | SUE: 0.49 | # QB: 0
Revenue Correlation: -80.88 | Revenue CAGR: -6.35% | SUE: 1.08 | # QB: 4
EPS current Year (2026-07-31): EPS=4.13 | Chg30d=-1.41% | Revisions=-20% | GrowthEPS=-14.8% | GrowthRev=-0.2%
EPS next Year (2027-07-31): EPS=5.59 | Chg30d=-0.78% | Revisions=-20% | GrowthEPS=+35.4% | GrowthRev=+5.1%
[Analyst] Revisions Ratio: -20%