Thor Payout Ratio vs Free Cash Flow Per Share Analysis

THO Stock

USD 110.53 2.24 2.07%

Thor Industries financial indicator trend analysis is much more than just breaking down Thor Industries prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Thor Industries is a good investment. Please check the relationship between Thor Industries Payout Ratio and its Free Cash Flow Per Share accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thor Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

To learn how to invest in Thor Stock, please use our How to Invest in Thor Industries guide.

Payout Ratio vs Free Cash Flow Per Share

Payout Ratio vs Free Cash Flow Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Thor Industries Payout Ratio account and Free Cash Flow Per Share. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Thor Industries' Payout Ratio and Free Cash Flow Per Share is -0.33. Overlapping area represents the amount of variation of Payout Ratio that can explain the historical movement of Free Cash Flow Per Share in the same time period over historical financial statements of Thor Industries, assuming nothing else is changed. The correlation between historical values of Thor Industries' Payout Ratio and Free Cash Flow Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payout Ratio of Thor Industries are associated (or correlated) with its Free Cash Flow Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Per Share has no effect on the direction of Payout Ratio i.e., Thor Industries' Payout Ratio and Free Cash Flow Per Share go up and down completely randomly.

Correlation Coefficient

-0.33

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Payout Ratio

Payout Ratio is the proportion of Thor Industries earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Thor Industries dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Thor Industries is paying out more in dividends than it makes in net income.

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

Most indicators from Thor Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Thor Industries current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thor Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

To learn how to invest in Thor Stock, please use our How to Invest in Thor Industries guide.At this time, Thor Industries' Selling General Administrative is very stable compared to the past year. As of the 22nd of November 2024, Tax Provision is likely to grow to about 156.1 M, though Discontinued Operations is likely to grow to (1.3 M).

	2021	2022	2023	2024 (projected)
Total Revenue	16.3B	11.1B	10.0B	10.5B
Depreciation And Amortization	284.5M	276.9M	277.1M	291.0M

Total Revenue Depreciation And Amortization

Thor Industries fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Short Long Term Debt Total	Short Term Debt	Accounts Payable	Non Currrent Assets Other	Good Will	Property Plant And Equipment Gross	Common Stock Total Equity
Total Assets		0.57	0.99	0.96	0.99	0.86	0.94	0.86	1.0	0.86	0.93	0.68	0.92	0.96	-0.46	0.28	0.96	0.99	0.97	0.81	0.69	0.97	-0.09	0.99	0.96	0.51
Other Current Liab	0.57		0.49	0.75	0.56	0.21	0.79	0.32	0.55	0.32	0.38	0.35	0.26	0.7	-0.03	-0.58	0.37	0.59	0.48	0.11	0.48	0.44	0.18	0.54	0.72	0.35
Total Current Liabilities	0.99	0.49		0.92	0.98	0.88	0.9	0.87	0.99	0.87	0.96	0.68	0.93	0.94	-0.43	0.36	0.98	0.98	0.98	0.84	0.62	0.98	-0.07	0.97	0.91	0.53
Total Stockholder Equity	0.96	0.75	0.92		0.96	0.69	1.0	0.82	0.95	0.82	0.83	0.67	0.77	0.96	-0.33	0.02	0.85	0.96	0.88	0.62	0.74	0.88	-0.01	0.94	0.98	0.53
Property Plant And Equipment Net	0.99	0.56	0.98	0.96		0.84	0.94	0.88	1.0	0.88	0.9	0.65	0.91	0.94	-0.46	0.28	0.95	0.97	0.96	0.78	0.74	0.94	-0.12	0.99	0.97	0.47
Net Debt	0.86	0.21	0.88	0.69	0.84		0.65	0.69	0.87	0.69	0.86	0.47	0.99	0.79	-0.65	0.6	0.96	0.83	0.92	0.95	0.5	0.88	-0.26	0.87	0.74	0.29
Retained Earnings	0.94	0.79	0.9	1.0	0.94	0.65		0.78	0.93	0.78	0.81	0.66	0.73	0.95	-0.31	-0.05	0.81	0.94	0.85	0.58	0.74	0.86	0.0	0.92	0.98	0.52
Cash	0.86	0.32	0.87	0.82	0.88	0.69	0.78		0.87	1.0	0.82	0.78	0.8	0.72	-0.31	0.37	0.84	0.84	0.81	0.73	0.65	0.81	-0.06	0.86	0.8	0.64
Non Current Assets Total	1.0	0.55	0.99	0.95	1.0	0.87	0.93	0.87		0.87	0.92	0.65	0.93	0.95	-0.49	0.3	0.97	0.98	0.97	0.81	0.72	0.95	-0.12	0.99	0.96	0.48
Cash And Short Term Investments	0.86	0.32	0.87	0.82	0.88	0.69	0.78	1.0	0.87		0.82	0.78	0.8	0.72	-0.31	0.37	0.84	0.84	0.81	0.73	0.65	0.81	-0.06	0.86	0.8	0.64
Net Receivables	0.93	0.38	0.96	0.83	0.9	0.86	0.81	0.82	0.92	0.82		0.74	0.91	0.87	-0.33	0.4	0.95	0.94	0.95	0.84	0.49	0.97	-0.02	0.9	0.8	0.59
Common Stock Shares Outstanding	0.68	0.35	0.68	0.67	0.65	0.47	0.66	0.78	0.65	0.78	0.74		0.58	0.6	-0.08	0.06	0.63	0.71	0.63	0.53	0.35	0.67	0.07	0.65	0.59	0.79
Non Current Liabilities Total	0.92	0.26	0.93	0.77	0.91	0.99	0.73	0.8	0.93	0.8	0.91	0.58		0.83	-0.61	0.58	0.99	0.89	0.95	0.95	0.57	0.92	-0.23	0.93	0.8	0.39
Inventory	0.96	0.7	0.94	0.96	0.94	0.79	0.95	0.72	0.95	0.72	0.87	0.6	0.83		-0.42	0.13	0.89	0.97	0.91	0.72	0.63	0.94	-0.06	0.95	0.95	0.45
Other Current Assets	-0.46	-0.03	-0.43	-0.33	-0.46	-0.65	-0.31	-0.31	-0.49	-0.31	-0.33	-0.08	-0.61	-0.42		-0.44	-0.54	-0.4	-0.49	-0.58	-0.46	-0.44	0.59	-0.53	-0.45	0.13
Other Stockholder Equity	0.28	-0.58	0.36	0.02	0.28	0.6	-0.05	0.37	0.3	0.37	0.4	0.06	0.58	0.13	-0.44		0.49	0.24	0.36	0.64	0.05	0.39	-0.28	0.31	0.08	-0.11
Total Liab	0.96	0.37	0.98	0.85	0.95	0.96	0.81	0.84	0.97	0.84	0.95	0.63	0.99	0.89	-0.54	0.49		0.95	0.98	0.92	0.6	0.97	-0.16	0.96	0.86	0.45
Total Current Assets	0.99	0.59	0.98	0.96	0.97	0.83	0.94	0.84	0.98	0.84	0.94	0.71	0.89	0.97	-0.4	0.24	0.95		0.95	0.79	0.63	0.98	-0.04	0.97	0.94	0.55
Intangible Assets	0.97	0.48	0.98	0.88	0.96	0.92	0.85	0.81	0.97	0.81	0.95	0.63	0.95	0.91	-0.49	0.36	0.98	0.95		0.86	0.58	0.96	-0.12	0.95	0.88	0.49
Short Long Term Debt Total	0.81	0.11	0.84	0.62	0.78	0.95	0.58	0.73	0.81	0.73	0.84	0.53	0.95	0.72	-0.58	0.64	0.92	0.79	0.86		0.38	0.84	-0.25	0.82	0.66	0.44
Short Term Debt	0.69	0.48	0.62	0.74	0.74	0.5	0.74	0.65	0.72	0.65	0.49	0.35	0.57	0.63	-0.46	0.05	0.6	0.63	0.58	0.38		0.54	-0.14	0.73	0.81	0.11
Accounts Payable	0.97	0.44	0.98	0.88	0.94	0.88	0.86	0.81	0.95	0.81	0.97	0.67	0.92	0.94	-0.44	0.39	0.97	0.98	0.96	0.84	0.54		-0.06	0.95	0.86	0.5
Non Currrent Assets Other	-0.09	0.18	-0.07	-0.01	-0.12	-0.26	0.0	-0.06	-0.12	-0.06	-0.02	0.07	-0.23	-0.06	0.59	-0.28	-0.16	-0.04	-0.12	-0.25	-0.14	-0.06		-0.14	-0.08	0.16
Good Will	0.99	0.54	0.97	0.94	0.99	0.87	0.92	0.86	0.99	0.86	0.9	0.65	0.93	0.95	-0.53	0.31	0.96	0.97	0.95	0.82	0.73	0.95	-0.14		0.96	0.45
Property Plant And Equipment Gross	0.96	0.72	0.91	0.98	0.97	0.74	0.98	0.8	0.96	0.8	0.8	0.59	0.8	0.95	-0.45	0.08	0.86	0.94	0.88	0.66	0.81	0.86	-0.08	0.96		0.42
Common Stock Total Equity	0.51	0.35	0.53	0.53	0.47	0.29	0.52	0.64	0.48	0.64	0.59	0.79	0.39	0.45	0.13	-0.11	0.45	0.55	0.49	0.44	0.11	0.5	0.16	0.45	0.42

Click cells to compare fundamentals

Thor Industries Account Relationship Matchups

Thor Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.8B	6.7B	7.4B	7.3B	7.0B	7.4B
Other Current Liab	35.9M	25.7M	920.3M	912.8M	819.0M	859.9M
Total Current Liabilities	1.5B	1.8B	1.8B	1.7B	1.6B	1.6B
Total Stockholder Equity	2.3B	2.9B	3.6B	4.0B	4.1B	4.3B
Property Plant And Equipment Net	1.1B	1.2B	1.3B	1.4B	1.4B	1.5B
Net Debt	1.1B	1.1B	1.4B	861.4M	632.6M	664.2M
Retained Earnings	2.2B	2.8B	3.8B	4.1B	4.3B	4.5B
Cash	541.4M	445.9M	311.7M	441.2M	501.3M	526.4M
Non Current Assets Total	3.7B	3.9B	4.3B	4.5B	4.4B	4.6B
Cash And Short Term Investments	541.4M	445.9M	311.7M	441.2M	501.3M	526.4M
Net Receivables	814.2M	949.9M	944.2M	643.2M	700.9M	735.9M
Common Stock Shares Outstanding	55.4M	55.7M	55.3M	53.9M	53.7M	57.6M
Liabilities And Stockholders Equity	5.8B	6.7B	7.4B	7.3B	7.0B	7.4B
Non Current Liabilities Total	1.9B	1.9B	2.1B	1.6B	1.4B	1.4B
Inventory	716.3M	1.4B	1.8B	1.7B	1.4B	1.4B
Other Current Assets	30.4M	38.4M	52.0M	56.1M	81.2M	101.0M
Other Stockholder Equity	110.7M	100.3M	(63.9M)	(53.6M)	(100.3M)	(95.3M)
Total Liab	3.4B	3.7B	3.8B	3.3B	2.9B	3.1B
Total Current Assets	2.1B	2.8B	3.1B	2.8B	2.7B	2.8B
Intangible Assets	914.7M	937.2M	1.1B	997.0M	861.1M	904.2M
Short Long Term Debt Total	1.7B	1.6B	1.8B	1.3B	1.1B	645.3M
Short Term Debt	13.8M	12.4M	13.2M	11.4M	44.9M	47.2M
Accounts Payable	636.5M	915.0M	822.4M	736.3M	628.1M	659.5M
Non Currrent Assets Other	91.5M	123.8M	157.9M	149.4M	166.3M	174.6M
Good Will	1.5B	1.6B	1.8B	1.8B	1.8B	1.9B
Property Plant And Equipment Gross	1.1B	1.2B	1.8B	2.0B	2.1B	2.2B
Accumulated Other Comprehensive Income	27.0M	44.6M	(181.6M)	(68.5M)	(93.7M)	(89.0M)
Common Stock Total Equity	6.5M	6.5M	6.6M	6.6M	7.6M	5.8M
Common Stock	6.5M	6.6M	6.6M	6.6M	6.7M	5.9M
Other Liab	224.6M	316.4M	259.0M	230.1M	264.7M	277.9M
Other Assets	170.3M	165.0M	165.9M	155.1M	178.4M	187.3M
Treasury Stock	(348.1M)	(351.9M)	(360.2M)	(543.3M)	(489.0M)	(464.6M)
Property Plant Equipment	1.1B	1.2B	1.3B	1.4B	1.6B	1.7B
Net Tangible Assets	(71.5M)	421.4M	3.6B	1.2B	1.4B	1.4B
Long Term Debt	1.7B	1.6B	1.8B	1.3B	1.1B	769.8M
Retained Earnings Total Equity	2.0B	2.1B	2.2B	3.8B	4.4B	4.6B
Capital Surpluse	436.8M	460.5M	497.9M	539.0M	619.9M	354.7M
Deferred Long Term Liab	9.8M	7.0M	115.9M	2.7M	3.1M	3.0M
Long Term Investments	46.2M	0.0	10.8M	126.9M	137.3M	144.1M

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

0.66

Goodyear Tire Rubber

Pair Corr

Moving against Thor Stock

0.58	SES	SES AI Corp	Pair Corr
0.5	GGR	Gogoro Inc	Pair Corr
0.44	VLCN	Volcon Inc	Pair Corr
0.42	QS	Quantumscape Corp	Pair Corr
0.41	FFIE	Faraday Future Intel	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Thor Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Thor Industries' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Thor Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Thor Industries Stock:

How To Invest In Thor

Details

Is Thor Stock a good investment?

Details

What is Thor Industries' Net Worth?

Details

Largest Automobiles & Components Companies

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Largest Consumer Discretionary Companies

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thor Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

To learn how to invest in Thor Stock, please use our How to Invest in Thor Industries guide.

You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Thor Payout Ratio vs Free Cash Flow Per Share Analysis

Payout Ratio vs Free Cash Flow Per Share

Payout Ratio vs Free Cash Flow Per Share Correlation Analysis

Correlation Coefficient

Payout Ratio

Free Cash Flow Per Share

Thor Industries fundamental ratios Correlations

Thor Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Thor Industries fundamental ratios Accounts

Pair Trading with Thor Industries

Moving together with Thor Stock

Moving against Thor Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Current Liabilities	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets

Other Current Assets	- 0.65	Net Debt
Other Current Assets	- 0.61	Non Current Liabilities Total
Short Long Term Debt Total	- 0.58	Other Current Assets
Other Stockholder Equity	- 0.58	Other Current Liab
Total Liab	- 0.54	Other Current Assets
Good Will	- 0.53	Other Current Assets