(WNC) Wabash National - Ratings and Ratios
Trailers, Truck Bodies, Flooring, Aftermarket Parts
Dividends
| Dividend Yield | 4.04% |
| Yield on Cost 5y | 2.59% |
| Yield CAGR 5y | 7.46% |
| Payout Consistency | 57.1% |
| Payout Ratio | - |
| Risk via 5d forecast | |
|---|---|
| Volatility | 48.9% |
| Value at Risk 5%th | 76.3% |
| Relative Tail Risk | -5.16% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.81 |
| Alpha | -63.25 |
| CAGR/Max DD | -0.31 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.436 |
| Beta | 1.047 |
| Beta Downside | 0.876 |
| Drawdowns 3y | |
|---|---|
| Max DD | 76.38% |
| Mean DD | 35.00% |
| Median DD | 29.36% |
Description: WNC Wabash National October 25, 2025
Wabash National Corporation (NYSE: WNC) designs and manufactures a broad portfolio of transportation-focused products-including dry-van, refrigerated, and tank trailers, as well as truck bodies and industrial flooring-and delivers aftermarket parts, repair services, and a “trailer-as-a-service” model through its Transportation Solutions and Parts & Services segments. The firm also operates a digital marketplace that connects shippers, carriers, and equipment providers, leveraging brands such as Wabash, DuraPlate, AeroSkirt, and EcoNex.
Based on the company’s 2023 Form 10-K, WNC generated roughly $2.6 billion in revenue with an adjusted EBITDA margin near 12 %, and its order backlog was reported at about $1.1 billion, indicating strong demand visibility. Key economic drivers include sustained growth in U.S. freight volumes (e-commerce and intermodal traffic), a persistent shortage of new trailers that supports pricing power, and modestly rising interest rates that can temper capital-expenditure cycles for fleet operators. The heavy-equipment sector’s base-rate capacity utilization-averaging 85 % in 2023-also underpins WNC’s pricing leverage and inventory turnover.
For a data-rich, unbiased view of how these fundamentals translate into valuation expectations, you may find it useful to explore the detailed analyst models and scenario analyses available on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income (260.3m TTM) > 0 and > 6% of Revenue (6% = 98.3m TTM) |
| FCFTA 0.08 (>2.0%) and ΔFCFTA 1.75pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 9.54% (prev 14.12%; Δ -4.58pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.11 (>3.0%) and CFO 150.0m <= Net Income 260.3m (YES >=105%, WARN >=100%) |
| Net Debt (344.0m) to EBITDA (396.9m) ratio: 0.87 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.35 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (42.0m) change vs 12m ago -4.15% (target <= -2.0% for YES) |
| Gross Margin 7.27% (prev 15.54%; Δ -8.27pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 116.8% (prev 146.1%; Δ -29.29pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 8.65 (EBITDA TTM 396.9m / Interest Expense TTM 41.3m) >= 6 (WARN >= 3) |
Altman Z'' 3.74
| (A) 0.12 = (Total Current Assets 603.5m - Total Current Liabilities 447.2m) / Total Assets 1.35b |
| (B) 0.26 = Retained Earnings (Balance) 357.0m / Total Assets 1.35b |
| (C) 0.25 = EBIT TTM 357.3m / Avg Total Assets 1.40b |
| (D) 0.38 = Book Value of Equity 357.3m / Total Liabilities 929.8m |
| Total Rating: 3.74 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 69.35
| 1. Piotroski 6.50pt |
| 2. FCF Yield 14.59% |
| 3. FCF Margin 6.62% |
| 4. Debt/Equity 1.04 |
| 5. Debt/Ebitda 0.87 |
| 6. ROIC - WACC (= 28.92)% |
| 7. RoE 74.57% |
| 8. Rev. Trend -68.89% |
| 9. EPS Trend -51.38% |
What is the price of WNC shares?
Over the past week, the price has changed by +7.14%, over one month by +31.30%, over three months by -12.21% and over the past year by -45.16%.
Is WNC a buy, sell or hold?
- Strong Buy: 1
- Buy: 0
- Hold: 1
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the WNC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 12 | 21.2% |
| Analysts Target Price | 12 | 21.2% |
| ValueRay Target Price | 9.5 | -3.8% |
WNC Fundamental Data Overview December 16, 2025
P/E Trailing = 0.0008
P/S = 0.2437
P/B = 0.9434
P/EG = 1.0
Beta = 1.659
Revenue TTM = 1.64b USD
EBIT TTM = 357.3m USD
EBITDA TTM = 396.9m USD
Long Term Debt = 422.7m USD (from longTermDebt, last quarter)
Short Term Debt = 13.0m USD (from shortTermDebt, last quarter)
Debt = 435.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 344.0m USD (from netDebt column, last quarter)
Enterprise Value = 743.1m USD (399.1m + Debt 435.7m - CCE 91.7m)
Interest Coverage Ratio = 8.65 (Ebit TTM 357.3m / Interest Expense TTM 41.3m)
FCF Yield = 14.59% (FCF TTM 108.4m / Enterprise Value 743.1m)
FCF Margin = 6.62% (FCF TTM 108.4m / Revenue TTM 1.64b)
Net Margin = 15.89% (Net Income TTM 260.3m / Revenue TTM 1.64b)
Gross Margin = 7.27% ((Revenue TTM 1.64b - Cost of Revenue TTM 1.52b) / Revenue TTM)
Gross Margin QoQ = 4.12% (prev 9.02%)
Tobins Q-Ratio = 0.55 (Enterprise Value 743.1m / Total Assets 1.35b)
Interest Expense / Debt = 5.98% (Interest Expense 26.0m / Debt 435.7m)
Taxrate = 22.51% (11.6m / 51.7m)
NOPAT = 276.9m (EBIT 357.3m * (1 - 22.51%))
Current Ratio = 1.35 (Total Current Assets 603.5m / Total Current Liabilities 447.2m)
Debt / Equity = 1.04 (Debt 435.7m / totalStockholderEquity, last quarter 418.7m)
Debt / EBITDA = 0.87 (Net Debt 344.0m / EBITDA 396.9m)
Debt / FCF = 3.17 (Net Debt 344.0m / FCF TTM 108.4m)
Total Stockholder Equity = 349.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 19.29% (Net Income 260.3m / Total Assets 1.35b)
RoE = 74.57% (Net Income TTM 260.3m / Total Stockholder Equity 349.2m)
RoCE = 46.29% (EBIT 357.3m / Capital Employed (Equity 349.2m + L.T.Debt 422.7m))
RoIC = 36.06% (NOPAT 276.9m / Invested Capital 767.8m)
WACC = 7.14% (E(399.1m)/V(834.8m) * Re(9.87%) + D(435.7m)/V(834.8m) * Rd(5.98%) * (1-Tc(0.23)))
Discount Rate = 9.87% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -5.38%
[DCF Debug] Terminal Value 67.95% ; FCFE base≈101.6m ; Y1≈83.2m ; Y5≈59.1m
Fair Price DCF = 20.11 (DCF Value 815.0m / Shares Outstanding 40.5m; 5y FCF grow -21.81% → 3.0% )
EPS Correlation: -51.38 | EPS CAGR: -37.01% | SUE: -1.65 | # QB: 0
Revenue Correlation: -68.89 | Revenue CAGR: -5.90% | SUE: 0.00 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.09 | Chg30d=-0.110 | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=0.47 | Chg30d=-0.191 | Revisions Net=-2 | Growth EPS=+123.7% | Growth Revenue=+15.5%
Additional Sources for WNC Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle