Thor Industries Stock Beta

THO Stock

USD 95.43 0.41 0.43%

Thor Industries fundamentals help investors to digest information that contributes to Thor Industries' financial success or failures. It also enables traders to predict the movement of Thor Stock. The fundamental analysis module provides a way to measure Thor Industries' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Thor Industries stock.

Other Current Liab Total Assets

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Thor Industries Company Beta Analysis

Thor Industries' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Thor Industries Beta

1.66

Most of Thor Industries' fundamental indicators, such as Beta, 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 Beta 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 Beta. 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	Current Deferred Revenue	Long Term Debt Total	Short Long Term Debt	Net Invested Capital	Cash And Equivalents	Net Working Capital	Capital Stock
Total Assets		0.96	0.86	0.94	0.93	0.96	0.99	0.97	0.74	0.97	0.99	0.48	-0.84	0.98	0.3	0.87	0.92	0.24	0.45	0.06	0.46	0.87	-0.87	0.97	0.85	0.9	0.82
Total Stockholder Equity	0.96		0.69	1.0	0.83	0.85	0.96	0.88	0.75	0.88	0.94	0.49	-0.9	0.97	0.33	0.69	0.87	0.07	0.64	0.15	0.21	0.71	-0.82	0.91	0.77	0.9	0.86
Net Debt	0.86	0.69		0.65	0.86	0.96	0.83	0.92	0.61	0.88	0.87	0.28	-0.57	0.8	0.28	0.99	0.82	0.56	0.06	-0.02	0.7	0.97	-0.75	0.88	0.78	0.74	0.62
Retained Earnings	0.94	1.0	0.65		0.81	0.81	0.94	0.85	0.74	0.86	0.92	0.48	-0.91	0.95	0.37	0.65	0.85	0.07	0.66	0.16	0.14	0.68	-0.79	0.89	0.72	0.9	0.85
Net Receivables	0.93	0.83	0.86	0.81		0.95	0.94	0.95	0.56	0.97	0.9	0.59	-0.78	0.87	0.3	0.88	0.82	0.3	0.19	-0.16	0.6	0.83	-0.88	0.86	0.78	0.79	0.66
Total Liab	0.96	0.85	0.96	0.81	0.95		0.95	0.98	0.68	0.97	0.96	0.44	-0.73	0.92	0.26	0.96	0.89	0.38	0.25	-0.02	0.64	0.95	-0.85	0.94	0.87	0.82	0.73
Total Current Assets	0.99	0.96	0.83	0.94	0.94	0.95		0.95	0.68	0.98	0.97	0.53	-0.87	0.96	0.34	0.84	0.9	0.23	0.43	0.0	0.42	0.84	-0.86	0.95	0.8	0.92	0.79
Intangible Assets	0.97	0.88	0.92	0.85	0.95	0.98	0.95		0.65	0.96	0.95	0.48	-0.8	0.93	0.31	0.93	0.88	0.36	0.32	-0.04	0.54	0.88	-0.87	0.92	0.82	0.82	0.72
Short Term Debt	0.74	0.75	0.61	0.74	0.56	0.68	0.68	0.65		0.61	0.79	0.0	-0.45	0.84	0.15	0.58	0.71	0.13	0.57	0.65	0.28	0.7	-0.58	0.76	0.76	0.66	0.88
Accounts Payable	0.97	0.88	0.88	0.86	0.97	0.97	0.98	0.96	0.61		0.95	0.49	-0.78	0.91	0.25	0.89	0.88	0.24	0.27	-0.06	0.55	0.86	-0.86	0.93	0.81	0.88	0.72
Good Will	0.99	0.94	0.87	0.92	0.9	0.96	0.97	0.95	0.79	0.95		0.42	-0.81	0.98	0.26	0.87	0.92	0.25	0.45	0.13	0.46	0.9	-0.83	0.98	0.87	0.89	0.85
Common Stock	0.48	0.49	0.28	0.48	0.59	0.44	0.53	0.48	0.0	0.49	0.42		-0.75	0.41	0.15	0.37	0.4	0.06	0.26	-0.61	0.23	0.32	-0.41	0.35	0.34	0.32	0.2
Treasury Stock	-0.84	-0.9	-0.57	-0.91	-0.78	-0.73	-0.87	-0.8	-0.45	-0.78	-0.81	-0.75		-0.8	-0.43	-0.6	-0.76	-0.15	-0.57	0.18	-0.08	-0.58	0.69	-0.77	-0.56	-0.79	-0.63
Property Plant Equipment	0.98	0.97	0.8	0.95	0.87	0.92	0.96	0.93	0.84	0.91	0.98	0.41	-0.8		0.26	0.81	0.9	0.17	0.56	0.21	0.41	0.83	-0.85	0.95	0.88	0.86	0.88
Net Tangible Assets	0.3	0.33	0.28	0.37	0.3	0.26	0.34	0.31	0.15	0.25	0.26	0.15	-0.43	0.26		0.24	0.25	0.68	0.1	-0.05	-0.22	0.21	-0.37	0.31	-0.09	0.45	0.17
Long Term Debt	0.87	0.69	0.99	0.65	0.88	0.96	0.84	0.93	0.58	0.89	0.87	0.37	-0.6	0.81	0.24		0.85	0.52	0.06	-0.07	0.74	0.97	-0.78	0.88	0.82	0.73	0.57
Capital Surpluse	0.92	0.87	0.82	0.85	0.82	0.89	0.9	0.88	0.71	0.88	0.92	0.4	-0.76	0.9	0.25	0.85		0.23	0.41	0.2	0.43	0.87	-0.8	0.96	0.87	0.88	0.64
Deferred Long Term Liab	0.24	0.07	0.56	0.07	0.3	0.38	0.23	0.36	0.13	0.24	0.25	0.06	-0.15	0.17	0.68	0.52	0.23		-0.28	-0.17	0.32	0.5	-0.24	0.29	0.06	0.23	0.06
Long Term Investments	0.45	0.64	0.06	0.66	0.19	0.25	0.43	0.32	0.57	0.27	0.45	0.26	-0.57	0.56	0.1	0.06	0.41	-0.28		0.36	-0.29	0.14	-0.29	0.4	0.36	0.39	0.62
Accumulated Depreciation	0.06	0.15	-0.02	0.16	-0.16	-0.02	0.0	-0.04	0.65	-0.06	0.13	-0.61	0.18	0.21	-0.05	-0.07	0.2	-0.17	0.36		-0.2	0.08	0.0	0.18	0.2	0.18	0.33
Current Deferred Revenue	0.46	0.21	0.7	0.14	0.6	0.64	0.42	0.54	0.28	0.55	0.46	0.23	-0.08	0.41	-0.22	0.74	0.43	0.32	-0.29	-0.2		0.7	-0.52	0.43	0.67	0.19	0.23
Long Term Debt Total	0.87	0.71	0.97	0.68	0.83	0.95	0.84	0.88	0.7	0.86	0.9	0.32	-0.58	0.83	0.21	0.97	0.87	0.5	0.14	0.08	0.7		-0.71	0.91	0.85	0.75	0.66
Short Long Term Debt	-0.87	-0.82	-0.75	-0.79	-0.88	-0.85	-0.86	-0.87	-0.58	-0.86	-0.83	-0.41	0.69	-0.85	-0.37	-0.78	-0.8	-0.24	-0.29	0.0	-0.52	-0.71		-0.81	-0.8	-0.73	-0.62
Net Invested Capital	0.97	0.91	0.88	0.89	0.86	0.94	0.95	0.92	0.76	0.93	0.98	0.35	-0.77	0.95	0.31	0.88	0.96	0.29	0.4	0.18	0.43	0.91	-0.81		0.85	0.94	0.78
Cash And Equivalents	0.85	0.77	0.78	0.72	0.78	0.87	0.8	0.82	0.76	0.81	0.87	0.34	-0.56	0.88	-0.09	0.82	0.87	0.06	0.36	0.2	0.67	0.85	-0.8	0.85		0.65	0.7
Net Working Capital	0.9	0.9	0.74	0.9	0.79	0.82	0.92	0.82	0.66	0.88	0.89	0.32	-0.79	0.86	0.45	0.73	0.88	0.23	0.39	0.18	0.19	0.75	-0.73	0.94	0.65		0.71
Capital Stock	0.82	0.86	0.62	0.85	0.66	0.73	0.79	0.72	0.88	0.72	0.85	0.2	-0.63	0.88	0.17	0.57	0.64	0.06	0.62	0.33	0.23	0.66	-0.62	0.78	0.7	0.71

Click cells to compare fundamentals

In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict Thor Industries

In accordance with the recently published financial statements, Thor Industries has a Beta of 1.663. This is 97.98% higher than that of the Automobiles sector and 10.87% higher than that of the Consumer Discretionary industry. The beta for all United States stocks is notably lower than that of the firm.

Thor Beta 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 Beta 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 beta category among its peers.

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	5.7B	5.9B
Enterprise Value	7.4B	7.7B	6.1B	7.0B	6.3B	6.6B

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.

Environmental

Governance

Social

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
Pacer Advisors, Inc.	2024-09-30	1.2 M
Madison Asset Management, Llc	2024-09-30	921 K
Geode Capital Management, Llc	2024-09-30	911.2 K
American Century Companies Inc	2024-09-30	863.8 K
Lazard Asset Management Llc	2024-09-30	802.3 K
Wells Fargo & Co	2024-09-30	715.3 K
Envestnet Asset Management Inc	2024-09-30	668 K
Morgan Stanley - Brokerage Accounts	2024-09-30	661.2 K
Candlestick Capital Management Lp	2024-09-30	650 K
Kayne Anderson Rudnick Investment Management Llc	2024-09-30	5.4 M
Vanguard Group Inc	2024-09-30	5.2 M

As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Thor Industries will likely underperform.

Thor Fundamentals

	Return On Equity	0.0659
	Return On Asset	0.0371
	Profit Margin	0.03 %
	Operating Margin	0.05 %
	Current Valuation	5.73 B
	Shares Outstanding	53.22 M
	Shares Owned By Insiders	4.56 %
	Shares Owned By Institutions	95.44 %
	Number Of Shares Shorted	3.42 M
	Price To Earning	4.20 X
	Price To Book	1.26 X
	Price To Sales	0.51 X
	Revenue	10.04 B
	Gross Profit	1.6 B
	EBITDA	714.5 M
	Net Income	265.4 M
	Cash And Equivalents	441.23 M
	Cash Per Share	5.80 X
	Total Debt	1.13 B
	Debt To Equity	0.50 %
	Current Ratio	1.74 X
	Book Value Per Share	76.84 X
	Cash Flow From Operations	545.55 M
	Short Ratio	6.47 X
	Earnings Per Share	3.92 X
	Price To Earnings To Growth	0.83 X
	Target Price	108.45
	Number Of Employees	22.3 K
	Beta	1.66
	Market Capitalization	5.15 B
	Total Asset	7.02 B
	Retained Earnings	4.25 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	7.02 B

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.

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

0.76

Ford Motor Aggressive Push

Pair Corr

Moving against Thor Stock

0.53	ZK	ZEEKR Intelligent	Pair Corr
0.41	WKSP	Worksport	Pair Corr
0.34	DAN	Dana Inc	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 Automobile Manufacturers Companies

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Largest Automobiles & Components Companies

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Check out Thor Industries Piotroski F Score and Thor Industries Altman Z Score analysis.

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

You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

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

Earnings Share

3.92

Revenue Per Share

188.614

Quarterly Revenue Growth

(0.07)

Return On Assets

0.0371

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 Industries Stock Beta

Thor Industries Company Beta Analysis

Beta

Covariance

Variance

Current Thor Industries Beta

Thor Beta Driver Correlations

Thor Beta Peer Comparison

Thor Industries Current Valuation Drivers

Thor Industries ESG Sustainability

Thor Industries Institutional Holders

Thor Fundamentals

About Thor Industries Fundamental Analysis

Pair Trading with Thor Industries

Moving together with Thor Stock

Moving against Thor Stock

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