Added to YB: 2023-06-07
Pitch date: 2023-06-07
THO [bullish]
THOR Industries, Inc.
+13.84%
current return
Author Info
Sleep Well Investments shares deep dives into time-tested businesses with high reinvestment potential. Get their premium stock pitches for 20% off.
Company Info
THOR Industries, Inc. designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Germany, rest of Europe, Canada, and internationally.
Market Cap
$5.7B
Pitch Price
$90.00
Price Target
N/A
Dividend
1.93%
EV/EBITDA
9.97
P/E
22.24
EV/Sales
0.63
Sector
Automobiles
Category
value
Thor Industries - RV Monopoly At The Right Price
THO: Thor Industries, the world's largest RV manufacturer with 40%+ NA & 20% EU market share, shows resilience in a challenging FY23. Despite a 37% YoY Q3 revenue decline, EU sales +20% and gross margin improved. Long-term growth supported by RV lifestyle trends. Competent mgmt with strong ROIC and scale advantages. Fair value $123 at 5% 10yr FCF CAGR (11% historically), trading at an undemanding 10x FCF. Scores 12/20 on SWI checklist.
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