Thor Industries Z Score

THO Stock  USD 92.64  2.23  2.47%   
Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Additionally, take a look at Thor Industries Piotroski F Score and Thor Industries Valuation analysis.
  
Thor Industries Invested Capital Average is quite stable at the moment as compared to the past year. The company's current value of Invested Capital Average is estimated at 617.37 Million. Market Capitalization is expected to rise to about 3.9 B this year, although the value of Capital Expenditure will most likely fall to (47.7 M). Thor Industries Net Income is quite stable at the moment as compared to the past year. The company's current value of Net Income is estimated at 1.1 Billion. Net Income Common Stock is expected to rise to about 249.1 M this year, although the value of Cost of Revenue will most likely fall to about 2.8 B.

Thor Industries 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..
 2020 2021 2022 2023 (projected)
Revenue Per Employee397.33 K509.77 K458.79 K402.92 K
Net Income Per Employee21.29 K35.56 K32 K34.53 K
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current Thor Industries Z Score

    
  3.2  
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.
First Factor
 = 
1.2 * (
Working Capital
/
Total Assets )
Second Factor
 = 
1.4 * (
Retained Earnings
/
Total Assets )
Thrid Factor
 = 
3.3 * (
EBITAD
/
Total Assets )
Fouth Factor
 = 
0.6 * (
Market Value of Equity
/
Total Liabilities )
Fifth Factor
 = 
0.99 * (
Revenue
/
Total Assets )

Thor Industries 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 Ford 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.
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score 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 high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

Based on the company's disclosures, Thor Industries has a Z Score of 3.2. This indicator is about the same for the Automobiles average (which is currently at 3.23) sector and 44.64% lower than that of the Consumer Discretionary industry. The z score for all United States stocks is 63.3% higher than that of the company.

Thor Industries 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 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.
201820192020202120222023 (projected)
Net Income Per Employee6.13 K9.99 K21.29 K35.56 K32 K34.53 K
Revenue Per Employee361.6 K366.1 K397.33 K509.77 K458.79 K402.92 K
Earnings Before Interest Taxes and Depreciation Amortization EBITDA393.48 M573.27 M1.17 B1.83 B1.65 B1.78 B

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.
Security TypeSharesValue
Zweigdimenna Associates LlcCommon Shares14.4 K1.4 M
Zweigdimenna Associates LlcCommon Shares17.9 K1.9 M
Zweigdimenna Associates LlcCommon Shares39.5 K2.1 M
Zurich Insurance Group LtdCommon Shares6.5 K486 K
Zurich Insurance Group LtdCommon Shares6.5 K512 K
Zurich Insurance Group LtdCommon Shares6.5 K675 K
Zurich Insurance Group LtdCommon Shares6.5 K798 K

Thor Industries Fundamentals

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 Industries. 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 markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Thor Industries' public news can be used to forecast risks associated with investment in Thor Industries. The trend in average sentiment can be used to explain how an investor holding Thor Industries can time the market purely based on public headlines and social activities around Thor Industries. Please note that most equiteis 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.
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

Additionally, take a look at Thor Industries Piotroski F Score and Thor Industries Valuation analysis. 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 Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for Thor Industries 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 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.
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Share Portfolio
Track or share privately all of your investments from the convenience of any device
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
ETF Directory
Find actively traded Exchange Traded Funds (ETF) from around the world
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
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 Industries 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
(0.42) 
Market Capitalization
4.8 B
Quarterly Revenue Growth
(0.21) 
Return On Assets
0.1176
Return On Equity
0.304
The market value of Thor Industries is measured differently than its book value, which is the value of Thor Industries 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 Thor Industries value 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.