Thor Industries Stock Filter Stocks by Fundamentals
| THO Stock | USD 115.54 3.36 3.00% |
Thor Industries fundamentals help investors to digest information that contributes to Thor Industries' financial success or failures. It also enables traders to predict the movement of Thor Stock. The fundamental analysis module provides a way to measure Thor Industries' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Thor Industries stock.
Thor | Shares Owned by Institutions |
Thor Industries Current Valuation Drivers
We derive many important indicators used in calculating different scores of Thor Industries from analyzing Thor Industries' financial statements. These drivers represent accounts that assess Thor Industries' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Thor Industries' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 6.3B | 6.5B | 4.6B | 6.2B | 5.7B | 6.0B | |
| Enterprise Value | 7.4B | 7.7B | 6.1B | 7.0B | 6.3B | 6.6B |
Thor Industries ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Thor Industries' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Thor Industries' managers, analysts, and investors.Environmental | Governance | Social |
Thor Industries Institutional Holders
Institutional Holdings refers to the ownership stake in Thor Industries that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Thor Industries' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Thor Industries' value.| Shares | Jpmorgan Chase & Co | 2024-06-30 | 1.1 M | Madison Asset Management, Llc | 2024-09-30 | 921 K | Geode Capital Management, Llc | 2024-09-30 | 911.2 K | American Century Companies Inc | 2024-09-30 | 863.8 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 820.9 K | Wells Fargo & Co | 2024-06-30 | 691.3 K | Envestnet Asset Management Inc | 2024-09-30 | 668 K | Candlestick Capital Management Lp | 2024-09-30 | 650 K | Charles Schwab Investment Management Inc | 2024-09-30 | 601.4 K | Kayne Anderson Rudnick Investment Management Llc | 2024-06-30 | 5.4 M | Vanguard Group Inc | 2024-09-30 | 5.2 M |
Thor Fundamentals
| Return On Equity | 0.0659 | ||||
| Return On Asset | 0.0371 | ||||
| Profit Margin | 0.03 % | ||||
| Operating Margin | 0.05 % | ||||
| Current Valuation | 6.59 B | ||||
| Shares Outstanding | 53.1 M | ||||
| Shares Owned By Insiders | 4.56 % | ||||
| Shares Owned By Institutions | 95.44 % | ||||
| Number Of Shares Shorted | 3.76 M | ||||
| Price To Earning | 4.20 X | ||||
| Price To Book | 1.46 X | ||||
| Price To Sales | 0.59 X | ||||
| Revenue | 10.04 B | ||||
| Gross Profit | 1.6 B | ||||
| EBITDA | 701.03 M | ||||
| Net Income | 265.4 M | ||||
| Cash And Equivalents | 441.23 M | ||||
| Cash Per Share | 5.80 X | ||||
| Total Debt | 1.13 B | ||||
| Debt To Equity | 0.50 % | ||||
| Current Ratio | 1.74 X | ||||
| Book Value Per Share | 76.84 X | ||||
| Cash Flow From Operations | 545.55 M | ||||
| Short Ratio | 7.58 X | ||||
| Earnings Per Share | 4.94 X | ||||
| Price To Earnings To Growth | 0.92 X | ||||
| Target Price | 110.2 | ||||
| Number Of Employees | 22.3 K | ||||
| Beta | 1.66 | ||||
| Market Capitalization | 5.96 B | ||||
| Total Asset | 7.02 B | ||||
| Retained Earnings | 4.25 B | ||||
| Working Capital | 1.08 B | ||||
| Current Asset | 1.02 B | ||||
| Current Liabilities | 651.65 M | ||||
| Annual Yield | 0.02 % | ||||
| Five Year Return | 1.91 % | ||||
| Net Asset | 7.02 B | ||||
| Last Dividend Paid | 1.92 |
About Thor Industries Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Thor Industries's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Thor Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Thor Industries based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Thor Industries
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Thor Industries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Thor Industries will appreciate offsetting losses from the drop in the long position's value.Moving together with Thor Stock
Moving against Thor Stock
| 0.59 | SES | SES AI Corp | PairCorr |
| 0.5 | GGR | Gogoro Inc | PairCorr |
| 0.44 | VLCN | Volcon Inc Trending | PairCorr |
| 0.42 | FFIE | Faraday Future Intel | PairCorr |
| 0.41 | QS | Quantumscape Corp | PairCorr |
The ability to find closely correlated positions to Thor Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thor Industries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Thor Industries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Thor Industries to buy it.
The correlation of Thor Industries is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Thor Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thor Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Thor Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Thor Industries Piotroski F Score and Thor Industries Altman Z Score analysis. To learn how to invest in Thor Stock, please use our How to Invest in Thor Industries guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Is Automobile Manufacturers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Thor Industries. If investors know Thor will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Thor Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.001 | Dividend Share 1.92 | Earnings Share 4.94 | Revenue Per Share 188.614 | Quarterly Revenue Growth (0.07) |
The market value of Thor Industries is measured differently than its book value, which is the value of Thor that is recorded on the company's balance sheet. Investors also form their own opinion of Thor Industries' value that differs from its market value or its book value, called intrinsic value, which is Thor Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Thor Industries' market value can be influenced by many factors that don't directly affect Thor Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Thor Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Thor Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thor Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.