(WGO) Winnebago Industries - NYSE
Sector: Consumer Cyclical | Industry: Recreational Vehicles | Exchange: NYSE (USA) | Market Cap: 815m USD | Total Return: -7.3% in 12m
Avg Turnover: 20.1M
EPS Trend: -91.3%
Qual. Beats: 0
Rev. Trend: -83.7%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Winnebago Industries, Inc. (WGO) is a leading North American manufacturer of outdoor lifestyle products, operating through Towable RV, Motorhome RV, and Marine segments. The company’s portfolio includes established brands such as Winnebago, Grand Design, Newmar, Chris-Craft, and Barletta. Its product range extends from non-motorized travel trailers and self-propelled motorhomes to recreational boats and specialty commercial vehicles for medical or law enforcement use.
The business model relies on a wholesale distribution strategy, selling primarily through a network of independent dealers across the United States and Canada. The RV industry is highly cyclical and sensitive to consumer discretionary spending levels and interest rate fluctuations. Manufacturing in this sector often involves high fixed costs, making volume-driven operating leverage a critical factor for profitability.
For a detailed breakdown of historical valuation trends, you can explore the data on ValueRay. Founded in 1958 and headquartered in Eden Prairie, Minnesota, Winnebago also functions as an original equipment manufacturer (OEM), producing components for third-party commercial vehicle upfitters.
- Elevated interest rates and tighter credit standards reduce consumer demand for discretionary RVs
- Dealer inventory levels and wholesale shipment volumes dictate short-term revenue and margin performance
- Expansion into luxury marine segments through Barletta and Chris-Craft diversifies revenue streams
- Fluctuations in steel and aluminum prices impact manufacturing costs and gross profit margins
| Net Income: 41.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 2.84 > 1.0 |
| NWC/Revenue: 13.85% < 20% (prev 15.93%; Δ -2.07% < -1%) |
| CFO/TA 0.08 > 3% & CFO 156.7m > Net Income 41.6m |
| Net Debt (466.7m) to EBITDA (136.1m): 3.43 < 3 |
| Current Ratio: 2.30 > 1.5 & < 3 |
| Outstanding Shares: last quarter (28.5m) vs 12m ago 1.42% < -2% |
| Gross Margin: 13.04% > 18% (prev 13.32%; Δ -0.28% > 0.5%) |
| Asset Turnover: 137.2% > 50% (prev 125.5%; Δ 11.74% > 0%) |
| Interest Coverage Ratio: 3.07 > 6 (EBIT TTM 75.6m / Interest Expense TTM 24.6m) |
| A: 0.20 (Total Current Assets 714.8m - Total Current Liabilities 311.3m) / Total Assets 2.05b |
| B: 0.83 (Retained Earnings 1.71b / Total Assets 2.05b) |
| C: 0.04 (EBIT TTM 75.6m / Avg Total Assets 2.12b) |
| D: 1.51 (Book Value of Equity 1.24b / Total Liabilities 816.4m) |
| Altman-Z'' = 5.84 = AAA |
| DSRI: 1.10 (Receivables 233.9m/201.6m, Revenue 2.91b/2.75b) |
| GMI: 1.02 (GM 13.32% / 13.04%) |
| AQI: 1.04 (AQ_t 0.48 / AQ_t-1 0.46) |
| SGI: 1.06 (Revenue 2.91b / 2.75b) |
| TATA: -0.06 (NI 41.6m - CFO 156.7m) / TA 2.05b) |
| Beneish M = -2.87 (Cap -4..+1) = A |
As of June 19, 2026, the stock is trading at USD 28.01 with a total of 536,930 shares traded.
Over the past week, the price has changed by +1.52%,
over one month by -2.36%,
over three months by -14.51% and
over the past year by -7.30%.
Winnebago Industries has received a consensus analysts rating of 4.07. Therefore, it is recommended to buy WGO.
- StrongBuy: 7
- Buy: 1
- Hold: 6
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 41.5 | 48% |
P/E Trailing = 19.619
P/E Forward = 9.8619
P/S = 0.2799
P/B = 0.66
P/EG = 0.1694
Revenue TTM = 2.91b USD
EBIT TTM = 75.6m USD
EBITDA TTM = 136.1m USD
Long Term Debt = 442.3m USD (from longTermDebt, last quarter)
Short Term Debt = 9.30m USD (from shortTermDebt, last fiscal year)
Debt = 514.1m USD (from shortLongTermDebtTotal, last quarter) + Leases 35.9m
Net Debt = 466.7m USD (calculated: Debt 514.1m - CCE 47.4m)
Enterprise Value = 1.28b USD (815.2m + Debt 514.1m - CCE 47.4m)
Interest Coverage Ratio = 3.07 (Ebit TTM 75.6m / Interest Expense TTM 24.6m)
EV/FCF = 10.19x (Enterprise Value 1.28b / FCF TTM 125.8m)
FCF Yield = 9.81% (FCF TTM 125.8m / Enterprise Value 1.28b)
FCF Margin = 4.32% (FCF TTM 125.8m / Revenue TTM 2.91b)
Net Margin = 1.43% (Net Income TTM 41.6m / Revenue TTM 2.91b)
Gross Margin = 13.04% ((Revenue TTM 2.91b - Cost of Revenue TTM 2.53b) / Revenue TTM)
Gross Margin QoQ = 13.02% (prev 12.67%)
Tobins Q-Ratio = 0.62 (Enterprise Value 1.28b / Total Assets 2.05b)
Interest Expense / Debt = 4.79% (Interest Expense 24.6m / Debt 514.1m)
Taxrate = 18.43% (9.40m / 51.0m)
NOPAT = 61.7m (EBIT 75.6m * (1 - 18.43%))
Current Ratio = 2.30 (Total Current Assets 714.8m / Total Current Liabilities 311.3m)
Debt / Equity = 0.42 (Debt 514.1m / totalStockholderEquity, last quarter 1.24b)
Debt / EBITDA = 3.43 (Net Debt 466.7m / EBITDA 136.1m)
Debt / FCF = 3.71 (Net Debt 466.7m / FCF TTM 125.8m)
Total Stockholder Equity = 1.23b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.96% (Net Income 41.6m / Total Assets 2.05b)
RoE = 3.39% (Net Income TTM 41.6m / Total Stockholder Equity 1.23b)
RoCE = 4.53% (EBIT 75.6m / Capital Employed (Equity 1.23b + L.T.Debt 442.3m))
RoIC = 3.64% (NOPAT 61.7m / Invested Capital 1.69b)
WACC = 7.70% (E(815.2m)/V(1.33b) * Re(10.10%) + D(514.1m)/V(1.33b) * Rd(4.79%) * (1-Tc(0.18)))
Discount Rate = 10.10% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -55.56 | Cagr: -8.38%
[DCF] Terminal Value 77.97% ; FCFF base≈104.4m ; Y1≈119.7m ; Y5≈176.1m
[DCF] Fair Price = 77.26 (EV 2.65b - Net Debt 466.7m = Equity 2.18b / Shares 28.3m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -91.31 | EPS CAGR: -50.48% | SUE: 0.07 | # QB: 0
Revenue Correlation: -83.66 | Revenue CAGR: -9.47% | SUE: 0.81 | # QB: 0
EPS current Year (2026-08-31): EPS=2.27 | Chg30d=-3.06% | Revisions=-33% | GrowthEPS=+35.8% | GrowthRev=+3.0%
EPS next Year (2027-08-31): EPS=2.94 | Chg30d=-1.68% | Revisions=-33% | GrowthEPS=+29.8% | GrowthRev=+4.9%
[Analyst] Revisions Ratio: -33%