Thor Industries Stock Z Score

THO Stock

USD 103.37 2.07 2.04%

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. 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.

At this time, Thor Industries' Change In Working Capital is very stable compared to the past year. As of the 24th of April 2024, Capital Expenditures is likely to grow to about 251.4 M, while Capital Surpluse is likely to drop about 354.7 M. At this time, Thor Industries' EBITDA is very stable compared to the past year. As of the 24th of April 2024, Cost Of Revenue is likely to grow to about 11.5 B, while Net Income Applicable To Common Shares is likely to drop about 242.3 M.

Thor Industries Company 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..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

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 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.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Intangible Assets	Short Term Debt	Accounts Payable	Good Will	Common Stock	Treasury Stock	Property Plant Equipment	Net Tangible Assets	Long Term Debt	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Accumulated Depreciation	Long Term Debt Total	Short Long Term Debt	Net Invested Capital	Cash And Equivalents	Net Working Capital	Capital Stock	Current Deferred Revenue
Total Assets		0.97	0.89	0.95	0.91	0.97	0.99	0.98	-0.69	0.98	0.99	0.5	-0.83	1.0	0.29	0.92	0.91	0.19	0.55	0.17	0.84	-0.86	0.94	0.85	0.88	0.81	-0.78
Total Stockholder Equity	0.97		0.75	1.0	0.82	0.88	0.97	0.92	-0.62	0.93	0.95	0.51	-0.87	0.96	0.31	0.79	0.85	0.04	0.69	0.22	0.69	-0.82	0.89	0.76	0.88	0.85	-0.86
Net Debt	0.89	0.75		0.72	0.88	0.96	0.85	0.92	-0.7	0.89	0.9	0.31	-0.62	0.88	0.28	0.99	0.86	0.5	0.21	0.11	0.97	-0.78	0.89	0.83	0.77	0.61	-0.56
Retained Earnings	0.95	1.0	0.72		0.8	0.86	0.96	0.91	-0.6	0.91	0.94	0.51	-0.88	0.95	0.35	0.76	0.83	0.05	0.71	0.22	0.66	-0.79	0.88	0.72	0.88	0.85	-0.89
Net Receivables	0.91	0.82	0.88	0.8		0.94	0.92	0.93	-0.64	0.95	0.88	0.59	-0.79	0.89	0.3	0.91	0.83	0.29	0.23	-0.12	0.84	-0.88	0.84	0.79	0.78	0.57	-0.52
Total Liab	0.97	0.88	0.96	0.86	0.94		0.95	0.98	-0.71	0.97	0.97	0.46	-0.75	0.97	0.25	0.98	0.91	0.31	0.38	0.1	0.93	-0.86	0.94	0.89	0.83	0.73	-0.66
Total Current Assets	0.99	0.97	0.85	0.96	0.92	0.95		0.96	-0.65	0.99	0.98	0.54	-0.86	0.98	0.32	0.89	0.89	0.17	0.54	0.12	0.81	-0.85	0.93	0.81	0.9	0.79	-0.79
Intangible Assets	0.98	0.92	0.92	0.91	0.93	0.98	0.96		-0.7	0.97	0.97	0.49	-0.81	0.98	0.3	0.94	0.89	0.27	0.47	0.12	0.86	-0.87	0.92	0.84	0.83	0.75	-0.71
Short Term Debt	-0.69	-0.62	-0.7	-0.6	-0.64	-0.71	-0.65	-0.7		-0.68	-0.68	0.08	0.35	-0.72	-0.31	-0.69	-0.68	-0.23	-0.21	-0.38	-0.62	0.86	-0.7	-0.7	-0.64	-0.51	0.47
Accounts Payable	0.98	0.93	0.89	0.91	0.95	0.97	0.99	0.97	-0.68		0.97	0.5	-0.8	0.97	0.24	0.91	0.89	0.16	0.44	0.11	0.84	-0.86	0.93	0.84	0.88	0.75	-0.7
Good Will	0.99	0.95	0.9	0.94	0.88	0.97	0.98	0.97	-0.68	0.97		0.45	-0.8	0.99	0.25	0.93	0.91	0.2	0.53	0.21	0.87	-0.83	0.96	0.87	0.88	0.82	-0.79
Common Stock	0.5	0.51	0.31	0.51	0.59	0.46	0.54	0.49	0.08	0.5	0.45		-0.76	0.46	0.15	0.38	0.48	0.03	0.33	-0.47	0.35	-0.43	0.42	0.39	0.39	0.35	-0.27
Treasury Stock	-0.83	-0.87	-0.62	-0.88	-0.79	-0.75	-0.86	-0.81	0.35	-0.8	-0.8	-0.76		-0.8	-0.43	-0.66	-0.76	-0.15	-0.56	0.18	-0.58	0.7	-0.76	-0.56	-0.78	-0.59	0.77
Property Plant Equipment	1.0	0.96	0.88	0.95	0.89	0.97	0.98	0.98	-0.72	0.97	0.99	0.46	-0.8		0.26	0.91	0.9	0.17	0.57	0.21	0.83	-0.88	0.94	0.88	0.86	0.82	-0.77
Net Tangible Assets	0.29	0.31	0.28	0.35	0.3	0.25	0.32	0.3	-0.31	0.24	0.25	0.15	-0.43	0.26		0.24	0.25	0.68	0.1	-0.05	0.21	-0.36	0.3	-0.09	0.44	0.14	-0.46
Long Term Debt	0.92	0.79	0.99	0.76	0.91	0.98	0.89	0.94	-0.69	0.91	0.93	0.38	-0.66	0.91	0.24		0.87	0.43	0.26	0.09	0.97	-0.81	0.9	0.87	0.77	0.65	-0.57
Capital Surpluse	0.91	0.85	0.86	0.83	0.83	0.91	0.89	0.89	-0.68	0.89	0.91	0.48	-0.76	0.9	0.25	0.87		0.23	0.42	0.2	0.87	-0.81	0.98	0.87	0.91	0.75	-0.71
Deferred Long Term Liab	0.19	0.04	0.5	0.05	0.29	0.31	0.17	0.27	-0.23	0.16	0.2	0.03	-0.15	0.17	0.68	0.43	0.23		-0.28	-0.17	0.5	-0.22	0.26	0.06	0.21	-0.05	-0.08
Long Term Investments	0.55	0.69	0.21	0.71	0.23	0.38	0.54	0.47	-0.21	0.44	0.53	0.33	-0.56	0.57	0.1	0.26	0.42	-0.28		0.38	0.15	-0.34	0.44	0.37	0.42	0.73	-0.7
Accumulated Depreciation	0.17	0.22	0.11	0.22	-0.12	0.1	0.12	0.12	-0.38	0.11	0.21	-0.47	0.18	0.21	-0.05	0.09	0.2	-0.17	0.38		0.08	-0.04	0.24	0.2	0.24	0.61	-0.38
Long Term Debt Total	0.84	0.69	0.97	0.66	0.84	0.93	0.81	0.86	-0.62	0.84	0.87	0.35	-0.58	0.83	0.21	0.97	0.87	0.5	0.15	0.08		-0.71	0.89	0.85	0.74	0.59	-0.51
Short Long Term Debt	-0.86	-0.82	-0.78	-0.79	-0.88	-0.86	-0.85	-0.87	0.86	-0.86	-0.83	-0.43	0.7	-0.88	-0.36	-0.81	-0.81	-0.22	-0.34	-0.04	-0.71		-0.8	-0.81	-0.73	-0.59	0.54
Net Invested Capital	0.94	0.89	0.89	0.88	0.84	0.94	0.93	0.92	-0.7	0.93	0.96	0.42	-0.76	0.94	0.3	0.9	0.98	0.26	0.44	0.24	0.89	-0.8		0.85	0.94	0.79	-0.78
Cash And Equivalents	0.85	0.76	0.83	0.72	0.79	0.89	0.81	0.84	-0.7	0.84	0.87	0.39	-0.56	0.88	-0.09	0.87	0.87	0.06	0.37	0.2	0.85	-0.81	0.85		0.66	0.71	-0.48
Net Working Capital	0.88	0.88	0.77	0.88	0.78	0.83	0.9	0.83	-0.64	0.88	0.88	0.39	-0.78	0.86	0.44	0.77	0.91	0.21	0.42	0.24	0.74	-0.73	0.94	0.66		0.74	-0.84
Capital Stock	0.81	0.85	0.61	0.85	0.57	0.73	0.79	0.75	-0.51	0.75	0.82	0.35	-0.59	0.82	0.14	0.65	0.75	-0.05	0.73	0.61	0.59	-0.59	0.79	0.71	0.74		-0.77
Current Deferred Revenue	-0.78	-0.86	-0.56	-0.89	-0.52	-0.66	-0.79	-0.71	0.47	-0.7	-0.79	-0.27	0.77	-0.77	-0.46	-0.57	-0.71	-0.08	-0.7	-0.38	-0.51	0.54	-0.78	-0.48	-0.84	-0.77

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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

Predict Thor Industries

Based on the company's disclosures, Thor Industries has a Z Score of 0.0. This is 100.0% lower than that of the Automobiles sector and 100.0% lower than that of the Consumer Discretionary industry. The z score for all United States stocks is 100.0% higher than that of the company.

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	5.6B	5.8B
Enterprise Value	7.4B	7.7B	6.1B	7.0B	6.3B	6.7B

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	6.42 B
	Shares Outstanding	53.32 M
	Shares Owned By Insiders	4.74 %
	Shares Owned By Institutions	99.29 %
	Number Of Shares Shorted	3.72 M
	Price To Earning	4.20 X
	Price To Book	1.40 X
	Price To Sales	0.53 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	5.37 X
	Earnings Per Share	5.05 X
	Price To Earnings To Growth	0.74 X
	Target Price	105.1
	Number Of Employees	24.9 K
	Beta	1.77
	Market Capitalization	5.4 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
	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.

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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

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Is Thor Stock a good investment?

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What is Thor Industries' Net Worth?

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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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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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.

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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.

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Thor Industries Stock Z Score

Thor Industries Company Z Score Analysis

Z Score

Sum Of

5 Factors

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 Z Score Driver Correlations

Thor Industries Current Valuation Drivers

Thor Industries ESG Sustainability

Thor Industries Institutional Holders

Thor Fundamentals

About Thor Industries Fundamental Analysis

Currently Active Assets on Macroaxis

Complementary Tools for Thor Stock analysis

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