Thor Industries Stock Z Score
THO Stock | USD 116.20 1.57 1.37% |
Thor | Z Score |
Thor Z Score Analysis
Thor Industries' Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
More About Z Score | All Equity Analysis
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 16.3B | 11.1B | 12.8B | 13.4B | Depreciation And Amortization | 156.9M | 276.9M | 318.5M | 334.4M |
Z Score | = | Sum Of | | 5 Factors |
Current Thor Industries Z Score | 5.71 |
Most of Thor Industries' fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Thor Industries is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
| |||||||
| |||||||
| |||||||
| |||||||
|
Thor Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Thor Industries is extremely important. It helps to project a fair market value of Thor Stock properly, considering its historical fundamentals such as Z Score. Since Thor Industries' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Thor Industries' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Thor Industries' interrelated accounts and indicators.
Click cells to compare fundamentals
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
Competition |
Based on the company's disclosures, Thor Industries has a Z Score of 5.71. This is 76.78% higher than that of the Automobiles sector and about the same as Consumer Discretionary (which currently averages 5.78) industry. The z score for all United States stocks is 34.52% higher than that of the company.
Thor Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Thor Industries' direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Thor Industries could also be used in its relative valuation, which is a method of valuing Thor Industries by comparing valuation metrics of similar companies.Thor Industries is currently under evaluation in z score category among related companies.
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.Environment Score | Governance Score | Social Score |
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 | Candlestick Capital Management Lp | 2023-09-30 | 950 K | Lsv Asset Management | 2023-12-31 | 827.1 K | Geode Capital Management, Llc | 2023-12-31 | 826.7 K | Pacer Advisors, Inc. | 2023-12-31 | 725.7 K | Palestra Capital Management Llc | 2023-09-30 | 716.8 K | Wells Fargo & Co | 2023-12-31 | 682.2 K | American Century Companies Inc | 2023-12-31 | 650.6 K | Bank Of New York Mellon Corp | 2023-12-31 | 632 K | Envestnet Asset Management Inc | 2023-12-31 | 617.8 K | Vanguard Group Inc | 2023-12-31 | 5.3 M | Kayne Anderson Rudnick Investment Management Llc | 2023-12-31 | 5.2 M |
Thor Fundamentals
Return On Equity | 0.0702 | ||||
Return On Asset | 0.0398 | ||||
Profit Margin | 0.03 % | ||||
Operating Margin | 0.01 % | ||||
Current Valuation | 7.01 B | ||||
Shares Outstanding | 53.32 M | ||||
Shares Owned By Insiders | 4.76 % | ||||
Shares Owned By Institutions | 99.07 % | ||||
Number Of Shares Shorted | 4.14 M | ||||
Price To Earning | 4.20 X | ||||
Price To Book | 1.51 X | ||||
Price To Sales | 0.59 X | ||||
Revenue | 11.12 B | ||||
Gross Profit | 1.6 B | ||||
EBITDA | 873.73 M | ||||
Net Income | 374.24 M | ||||
Cash And Equivalents | 441.23 M | ||||
Cash Per Share | 5.80 X | ||||
Total Debt | 1.3 B | ||||
Debt To Equity | 0.50 % | ||||
Current Ratio | 1.74 X | ||||
Book Value Per Share | 73.82 X | ||||
Cash Flow From Operations | 981.63 M | ||||
Short Ratio | 12.07 X | ||||
Earnings Per Share | 5.05 X | ||||
Price To Earnings To Growth | 1.22 X | ||||
Target Price | 105.1 | ||||
Number Of Employees | 24.9 K | ||||
Beta | 1.78 | ||||
Market Capitalization | 6.11 B | ||||
Total Asset | 7.26 B | ||||
Retained Earnings | 4.09 B | ||||
Working Capital | 1.08 B | ||||
Current Asset | 1.02 B | ||||
Current Liabilities | 651.65 M | ||||
Z Score | 5.71 | ||||
Annual Yield | 0.02 % | ||||
Five Year Return | 1.91 % | ||||
Net Asset | 7.26 B | ||||
Last Dividend Paid | 1.86 |
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.THOR Industries, Inc. designs, manufactures, and sells recreational vehicles , and related parts and accessories in the United States, Canada, and Europe. THOR Industries, Inc. was incorporated in 1980 and is based in Elkhart, Indiana. Thor Industries operates under Recreational Vehicles classification in the United States and is traded on New York Stock Exchange. It employs 32000 people.
Thor Industries Investors Sentiment
The influence of Thor Industries' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Thor. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Thor Industries' public news can be used to forecast risks associated with an investment in Thor. The trend in average sentiment can be used to explain how an investor holding Thor can time the market purely based on public headlines and social activities around Thor Industries. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Thor Industries' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Thor Industries' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Thor Industries' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Thor Industries.
Thor Industries Implied Volatility | 28.81 |
Thor Industries' implied volatility exposes the market's sentiment of Thor Industries stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Thor Industries' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Thor Industries stock will not fluctuate a lot when Thor Industries' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Thor Industries in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Thor Industries' short interest history, or implied volatility extrapolated from Thor Industries options trading.
Currently Active Assets on Macroaxis
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:Check out Thor Industries Piotroski F Score and Thor Industries Valuation analysis. To learn how to invest in Thor Stock, please use our How to Invest in Thor Industries guide.Note that the Thor Industries information on this page should be used as a complementary analysis to other Thor Industries' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Thor Stock analysis
When running Thor Industries' price analysis, check to measure Thor Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Thor Industries is operating at the current time. Most of Thor Industries' value examination focuses on studying past and present price action to predict the probability of Thor Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thor Industries' price. Additionally, you may evaluate how the addition of Thor Industries to your portfolios can decrease your overall portfolio volatility.
Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
Transaction History View history of all your transactions and understand their impact on performance | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
Is Thor Industries' industry 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 (0.74) | Dividend Share 1.86 | Earnings Share 5.05 | Revenue Per Share 194.511 | Quarterly Revenue Growth (0.06) |
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.