Definitive Analysis
Definitive Analysis

Get Full Access

See Pricing Start Free Trial

Thor Industries, Inc. (THO)

Company Dividend Discount ModelIndustry: Auto - Recreational VehiclesSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$58.64 - $94.96$74.96
Multi-Stage$73.00 - $79.91$76.39
Blended Fair Value$75.68
Current Price$104.35
Upside-27.48%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS3.74%6.34%1.991.921.801.781.711.661.581.471.301.18
YoY Growth--3.91%6.43%1.08%4.56%2.81%4.97%7.89%12.36%10.23%9.74%
Dividend Yield--1.91%1.84%2.05%2.19%1.61%1.96%2.50%2.10%0.96%1.49%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)282.06
(-) Cash Dividends Paid (M)106.13
(=) Cash Retained (M)175.93
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)56.4135.2621.15
Cash Retained (M)175.93175.93175.93
(-) Cash Required (M)-56.41-35.26-21.15
(=) Excess Retained (M)119.52140.67154.78
(/) Shares Outstanding (M)53.2353.2353.23
(=) Excess Retained per Share2.252.642.91
LTM Dividend per Share1.991.991.99
(+) Excess Retained per Share2.252.642.91
(=) Adjusted Dividend4.244.644.90
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate1.74%2.74%3.74%
Fair Value$58.64$74.96$94.96
Upside / Downside-43.80%-28.16%-9.00%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)282.06289.80297.74305.91314.30322.92332.61
Payout Ratio37.63%48.10%58.58%69.05%79.53%90.00%92.50%
Projected Dividends (M)106.13139.40174.41211.23249.95290.63307.66

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate1.74%2.74%3.74%
Year 1 PV (M)126.53127.77129.01
Year 2 PV (M)143.69146.53149.40
Year 3 PV (M)157.97162.67167.47
Year 4 PV (M)169.67176.44183.40
Year 5 PV (M)179.07188.04197.37
PV of Terminal Value (M)3,108.613,264.413,426.40
Equity Value (M)3,885.534,065.874,253.06
Shares Outstanding (M)53.2353.2353.23
Fair Value$73.00$76.39$79.91
Upside / Downside-30.04%-26.80%-23.42%

High-Yield Dividend Screener

« Prev Page 11 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
THFFFirst Financial Corporation3.32%$1.9831.67%
IRDMIridium Communications Inc.3.31%$0.5949.66%
PDCOPatterson Companies, Inc.3.31%$1.0466.64%
0HRZ.LCoterra Energy Inc.3.30%$0.8840.64%
ACIAlbertsons Companies, Inc.3.30%$0.5733.33%
KDPKeurig Dr Pepper Inc.3.30%$0.9278.89%
SPBSpectrum Brands Holdings, Inc.3.30%$1.9848.25%
0IUX.LGenuine Parts Company3.29%$4.0569.77%
BGBunge Global S.A.3.29%$3.0531.37%
HDGCXThe Hartford Dividend and Growth Fund Class C3.29%$1.0820.58%
PSBDPalmer Square Capital BDC Inc.3.29%$0.4090.32%
LIENChicago Atlantic BDC, Inc.3.28%$0.3423.50%
REXRRexford Industrial Realty, Inc.3.28%$1.2890.14%
CVCYCentral Valley Community Bancorp3.27%$0.5832.80%
F-PDFord Motor Company 6.500% Notes3.27%$0.7463.45%
FSBWFS Bancorp, Inc.3.27%$1.3331.78%
TRNOTerreno Realty Corporation3.27%$1.9362.02%
0I1P.LComerica Incorporated3.26%$2.8252.30%
ALEXAlexander & Baldwin, Inc.3.26%$0.6766.95%
BRXBrixmor Property Group Inc.3.26%$0.8578.30%
AGM-PCFederal Agricultural Mortgage Corporation3.24%$7.8539.89%
HTOH2O America3.24%$1.6052.08%
WECWEC Energy Group, Inc.3.24%$3.4566.21%
XOMExxon Mobil Corporation3.24%$3.9857.54%
SCLStepan Company3.22%$1.5276.82%
HBTHBT Financial, Inc.3.21%$0.8333.20%
KALUKaiser Aluminum Corporation3.21%$3.8670.13%
SMPStandard Motor Products, Inc.3.20%$1.1838.74%
0QZA.LConocoPhillips3.19%$3.0943.65%
PAGPenske Automotive Group, Inc.3.18%$5.0435.22%
CRBGCorebridge Financial, Inc.3.17%$0.9652.57%
EDConsolidated Edison, Inc.3.17%$3.1756.36%
LARKLandmark Bancorp, Inc.3.17%$0.8238.75%
NBPU.LNB Private Equity Partners Limited3.17%$0.6770.20%
PFBCPreferred Bank3.16%$3.0329.67%
HNIHNI Corporation3.15%$1.3444.63%
RBBRBB Bancorp3.15%$0.6443.45%
FGF&G Annuities & Life, Inc.3.14%$0.9428.23%
NBHCNational Bank Holdings Corporation3.14%$1.1937.27%
0KZA.LSM Energy Company3.13%$0.609.44%
CBUCommunity Bank System, Inc.3.13%$1.8246.85%
DTEDTE Energy Company3.13%$4.0887.19%
RNSTRenasant Corporation3.13%$1.1148.14%
BSRRSierra Bancorp3.11%$1.0134.68%
FCFFirst Commonwealth Financial Corporation3.11%$0.5238.19%
PNCThe PNC Financial Services Group, Inc.3.11%$6.5739.89%
PRKPark National Corporation3.11%$4.8044.20%
GEFGreif, Inc.3.10%$2.1212.04%
0QAH.LMerck & Co., Inc.3.09%$3.2542.60%
BANRBanner Corporation3.09%$1.9335.15%