Intrinsic value of Thor Industries - THO

Previous Close

$105.64

  Intrinsic Value

$175.74

stock screener

  Rating & Target

str. buy

+66%

Previous close

$105.64

 
Intrinsic value

$175.74

 
Up/down potential

+66%

 
Rating

str. buy

We calculate the intrinsic value of THO stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 5.6

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  11.70
  11.03
  10.43
  9.88
  9.40
  8.96
  8.56
  8.20
  7.88
  7.60
  7.34
  7.10
  6.89
  6.70
  6.53
  6.38
  6.24
  6.12
  6.01
  5.91
  5.81
  5.73
  5.66
  5.59
  5.53
  5.48
  5.43
  5.39
  5.35
  5.32
Revenue, $m
  8,095
  8,988
  9,925
  10,906
  11,931
  12,999
  14,112
  15,270
  16,474
  17,725
  19,025
  20,376
  21,781
  23,241
  24,759
  26,339
  27,983
  29,694
  31,478
  33,337
  35,275
  37,297
  39,408
  41,613
  43,916
  46,323
  48,839
  51,472
  54,226
  57,108
Variable operating expenses, $m
  7,405
  8,213
  9,061
  9,948
  10,875
  11,842
  12,849
  13,896
  14,985
  16,117
  17,212
  18,434
  19,705
  21,025
  22,399
  23,828
  25,315
  26,864
  28,477
  30,158
  31,912
  33,742
  35,651
  37,646
  39,729
  41,907
  44,183
  46,565
  49,056
  51,664
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  7,405
  8,213
  9,061
  9,948
  10,875
  11,842
  12,849
  13,896
  14,985
  16,117
  17,212
  18,434
  19,705
  21,025
  22,399
  23,828
  25,315
  26,864
  28,477
  30,158
  31,912
  33,742
  35,651
  37,646
  39,729
  41,907
  44,183
  46,565
  49,056
  51,664
Operating income, $m
  690
  775
  864
  958
  1,055
  1,157
  1,263
  1,374
  1,488
  1,608
  1,814
  1,943
  2,076
  2,216
  2,360
  2,511
  2,668
  2,831
  3,001
  3,178
  3,363
  3,556
  3,757
  3,967
  4,187
  4,416
  4,656
  4,907
  5,169
  5,444
EBITDA, $m
  844
  937
  1,034
  1,137
  1,243
  1,355
  1,471
  1,591
  1,717
  1,847
  1,983
  2,124
  2,270
  2,422
  2,580
  2,745
  2,916
  3,095
  3,281
  3,474
  3,676
  3,887
  4,107
  4,337
  4,577
  4,828
  5,090
  5,364
  5,651
  5,952
Interest expense (income), $m
  9
  8
  14
  21
  27
  35
  42
  50
  58
  67
  75
  85
  94
  104
  114
  125
  136
  148
  160
  172
  185
  199
  213
  228
  243
  259
  276
  294
  312
  332
  352
Earnings before tax, $m
  682
  761
  843
  930
  1,021
  1,115
  1,213
  1,315
  1,422
  1,532
  1,729
  1,848
  1,972
  2,101
  2,235
  2,375
  2,520
  2,671
  2,829
  2,993
  3,164
  3,343
  3,529
  3,724
  3,927
  4,140
  4,362
  4,595
  4,838
  5,092
Tax expense, $m
  184
  205
  228
  251
  276
  301
  328
  355
  384
  414
  467
  499
  533
  567
  604
  641
  680
  721
  764
  808
  854
  902
  953
  1,005
  1,060
  1,118
  1,178
  1,241
  1,306
  1,375
Net income, $m
  498
  555
  616
  679
  745
  814
  886
  960
  1,038
  1,119
  1,262
  1,349
  1,440
  1,534
  1,632
  1,734
  1,840
  1,950
  2,065
  2,185
  2,310
  2,440
  2,576
  2,718
  2,867
  3,022
  3,184
  3,354
  3,532
  3,717

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  2,857
  3,173
  3,503
  3,850
  4,211
  4,588
  4,981
  5,390
  5,815
  6,257
  6,716
  7,193
  7,688
  8,204
  8,740
  9,297
  9,877
  10,482
  11,111
  11,767
  12,451
  13,165
  13,910
  14,689
  15,501
  16,351
  17,239
  18,169
  19,141
  20,158
Adjusted assets (=assets-cash), $m
  2,857
  3,173
  3,503
  3,850
  4,211
  4,588
  4,981
  5,390
  5,815
  6,257
  6,716
  7,193
  7,688
  8,204
  8,740
  9,297
  9,877
  10,482
  11,111
  11,767
  12,451
  13,165
  13,910
  14,689
  15,501
  16,351
  17,239
  18,169
  19,141
  20,158
Revenue / Adjusted assets
  2.833
  2.833
  2.833
  2.833
  2.833
  2.833
  2.833
  2.833
  2.833
  2.833
  2.833
  2.833
  2.833
  2.833
  2.833
  2.833
  2.833
  2.833
  2.833
  2.833
  2.833
  2.833
  2.833
  2.833
  2.833
  2.833
  2.833
  2.833
  2.833
  2.833
Average production assets, $m
  907
  1,007
  1,112
  1,221
  1,336
  1,456
  1,581
  1,710
  1,845
  1,985
  2,131
  2,282
  2,439
  2,603
  2,773
  2,950
  3,134
  3,326
  3,526
  3,734
  3,951
  4,177
  4,414
  4,661
  4,919
  5,188
  5,470
  5,765
  6,073
  6,396
Working capital, $m
  194
  216
  238
  262
  286
  312
  339
  366
  395
  425
  457
  489
  523
  558
  594
  632
  672
  713
  755
  800
  847
  895
  946
  999
  1,054
  1,112
  1,172
  1,235
  1,301
  1,371
Total debt, $m
  261
  382
  509
  642
  781
  926
  1,076
  1,233
  1,397
  1,566
  1,742
  1,926
  2,116
  2,314
  2,520
  2,734
  2,957
  3,189
  3,430
  3,682
  3,945
  4,219
  4,505
  4,804
  5,116
  5,442
  5,784
  6,140
  6,514
  6,904
Total liabilities, $m
  1,097
  1,218
  1,345
  1,478
  1,617
  1,762
  1,913
  2,070
  2,233
  2,403
  2,579
  2,762
  2,952
  3,150
  3,356
  3,570
  3,793
  4,025
  4,267
  4,519
  4,781
  5,055
  5,342
  5,640
  5,953
  6,279
  6,620
  6,977
  7,350
  7,741
Total equity, $m
  1,760
  1,954
  2,158
  2,371
  2,594
  2,826
  3,068
  3,320
  3,582
  3,854
  4,137
  4,431
  4,736
  5,053
  5,384
  5,727
  6,084
  6,457
  6,844
  7,249
  7,670
  8,110
  8,569
  9,048
  9,549
  10,072
  10,619
  11,192
  11,791
  12,417
Total liabilities and equity, $m
  2,857
  3,172
  3,503
  3,849
  4,211
  4,588
  4,981
  5,390
  5,815
  6,257
  6,716
  7,193
  7,688
  8,203
  8,740
  9,297
  9,877
  10,482
  11,111
  11,768
  12,451
  13,165
  13,911
  14,688
  15,502
  16,351
  17,239
  18,169
  19,141
  20,158
Debt-to-equity ratio
  0.150
  0.200
  0.240
  0.270
  0.300
  0.330
  0.350
  0.370
  0.390
  0.410
  0.420
  0.430
  0.450
  0.460
  0.470
  0.480
  0.490
  0.490
  0.500
  0.510
  0.510
  0.520
  0.530
  0.530
  0.540
  0.540
  0.540
  0.550
  0.550
  0.560
Adjusted equity ratio
  0.616
  0.616
  0.616
  0.616
  0.616
  0.616
  0.616
  0.616
  0.616
  0.616
  0.616
  0.616
  0.616
  0.616
  0.616
  0.616
  0.616
  0.616
  0.616
  0.616
  0.616
  0.616
  0.616
  0.616
  0.616
  0.616
  0.616
  0.616
  0.616
  0.616

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  498
  555
  616
  679
  745
  814
  886
  960
  1,038
  1,119
  1,262
  1,349
  1,440
  1,534
  1,632
  1,734
  1,840
  1,950
  2,065
  2,185
  2,310
  2,440
  2,576
  2,718
  2,867
  3,022
  3,184
  3,354
  3,532
  3,717
Depreciation, amort., depletion, $m
  154
  162
  170
  179
  188
  198
  208
  218
  229
  240
  169
  181
  194
  207
  220
  234
  249
  264
  280
  296
  314
  332
  350
  370
  390
  412
  434
  458
  482
  508
Funds from operations, $m
  652
  717
  786
  858
  933
  1,012
  1,093
  1,178
  1,266
  1,358
  1,431
  1,530
  1,633
  1,741
  1,852
  1,968
  2,088
  2,214
  2,345
  2,481
  2,623
  2,772
  2,926
  3,088
  3,257
  3,434
  3,618
  3,812
  4,014
  4,225
Change in working capital, $m
  20
  21
  22
  24
  25
  26
  27
  28
  29
  30
  31
  32
  34
  35
  36
  38
  39
  41
  43
  45
  47
  49
  51
  53
  55
  58
  60
  63
  66
  69
Cash from operations, $m
  631
  696
  764
  834
  909
  986
  1,066
  1,150
  1,238
  1,328
  1,400
  1,498
  1,600
  1,706
  1,815
  1,930
  2,049
  2,173
  2,302
  2,436
  2,577
  2,723
  2,876
  3,035
  3,202
  3,376
  3,558
  3,748
  3,948
  4,156
Maintenance CAPEX, $m
  -64
  -72
  -80
  -88
  -97
  -106
  -116
  -125
  -136
  -146
  -158
  -169
  -181
  -194
  -207
  -220
  -234
  -249
  -264
  -280
  -296
  -314
  -332
  -350
  -370
  -390
  -412
  -434
  -458
  -482
New CAPEX, $m
  -95
  -100
  -105
  -110
  -115
  -120
  -125
  -130
  -135
  -140
  -146
  -151
  -157
  -164
  -170
  -177
  -184
  -192
  -200
  -208
  -217
  -227
  -236
  -247
  -258
  -270
  -282
  -295
  -308
  -323
Cash from investing activities, $m
  -159
  -172
  -185
  -198
  -212
  -226
  -241
  -255
  -271
  -286
  -304
  -320
  -338
  -358
  -377
  -397
  -418
  -441
  -464
  -488
  -513
  -541
  -568
  -597
  -628
  -660
  -694
  -729
  -766
  -805
Free cash flow, $m
  472
  524
  579
  636
  697
  760
  826
  895
  967
  1,042
  1,097
  1,178
  1,261
  1,348
  1,439
  1,533
  1,631
  1,732
  1,838
  1,948
  2,063
  2,183
  2,308
  2,438
  2,574
  2,716
  2,864
  3,019
  3,182
  3,351
Issuance/(repayment) of debt, $m
  116
  121
  127
  133
  139
  145
  151
  157
  163
  170
  176
  183
  190
  198
  206
  214
  223
  232
  242
  252
  263
  274
  286
  299
  312
  326
  341
  357
  373
  391
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  116
  121
  127
  133
  139
  145
  151
  157
  163
  170
  176
  183
  190
  198
  206
  214
  223
  232
  242
  252
  263
  274
  286
  299
  312
  326
  341
  357
  373
  391
Total cash flow (excl. dividends), $m
  588
  645
  706
  769
  836
  905
  977
  1,052
  1,130
  1,211
  1,273
  1,361
  1,452
  1,546
  1,645
  1,747
  1,853
  1,964
  2,080
  2,200
  2,326
  2,457
  2,594
  2,737
  2,886
  3,042
  3,205
  3,376
  3,555
  3,742
Retained Cash Flow (-), $m
  -184
  -194
  -204
  -213
  -223
  -232
  -242
  -252
  -262
  -272
  -283
  -294
  -305
  -317
  -330
  -343
  -357
  -372
  -388
  -404
  -421
  -440
  -459
  -479
  -501
  -523
  -547
  -572
  -599
  -627
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  404
  451
  502
  556
  613
  673
  735
  800
  868
  939
  990
  1,067
  1,146
  1,229
  1,314
  1,404
  1,496
  1,592
  1,692
  1,796
  1,905
  2,017
  2,135
  2,258
  2,385
  2,519
  2,658
  2,804
  2,956
  3,115
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  387
  413
  437
  458
  475
  488
  497
  500
  499
  492
  470
  455
  436
  413
  386
  357
  326
  293
  261
  228
  197
  167
  140
  115
  93
  73
  57
  43
  32
  23
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Thor Industries, Inc. manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company's segments include towable recreational vehicles, which consists of the operations of Airstream, Inc. (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp. (Jayco) (including Jayco towable, Starcraft and Highland Ridge), Keystone RV Company (Keystone) (including CrossRoads and Dutchmen) and K.Z., Inc. (KZ) (including Livin' Lite RV, Inc. (Livin' Lite)); motorized recreational vehicles, which consists of the operations of Airstream (motorized), Jayco (including Jayco motorized and Entegra Coach) and Thor Motor Coach, Inc. (Thor Motor Coach), and Other, which includes the operations of its subsidiary, Postle Operating, LLC (Postle).

FINANCIAL RATIOS  of  Thor Industries (THO)

Valuation Ratios
P/E Ratio 14.9
Price to Sales 0.8
Price to Book 3.5
Price to Tangible Book
Price to Cash Flow 13.3
Price to Free Cash Flow 18.3
Growth Rates
Sales Growth Rate 58.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 121.2%
Cap. Spend. - 3 Yr. Gr. Rate 30.8%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 9.2%
Total Debt to Equity 9.2%
Interest Coverage 63
Management Effectiveness
Return On Assets 15.6%
Ret/ On Assets - 3 Yr. Avg. 14.2%
Return On Total Capital 22.3%
Ret/ On T. Cap. - 3 Yr. Avg. 20.3%
Return On Equity 26.3%
Return On Equity - 3 Yr. Avg. 22.6%
Asset Turnover 3
Profitability Ratios
Gross Margin 14.4%
Gross Margin - 3 Yr. Avg. 14.7%
EBITDA Margin 9.1%
EBITDA Margin - 3 Yr. Avg. 8.9%
Operating Margin 7.7%
Oper. Margin - 3 Yr. Avg. 7.8%
Pre-Tax Margin 7.7%
Pre-Tax Margin - 3 Yr. Avg. 7.8%
Net Profit Margin 5.2%
Net Profit Margin - 3 Yr. Avg. 5.2%
Effective Tax Rate 32.7%
Eff/ Tax Rate - 3 Yr. Avg. 32.1%
Payout Ratio 18.4%

THO stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the THO stock intrinsic value calculation we used $7246.952 million for the last fiscal year's total revenue generated by Thor Industries. The default revenue input number comes from 0001 income statement of Thor Industries. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our THO stock valuation model: a) initial revenue growth rate of 11.7% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for THO is calculated based on our internal credit rating of Thor Industries, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Thor Industries.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of THO stock the variable cost ratio is equal to 91.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for THO stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Thor Industries.

Corporate tax rate of 27% is the nominal tax rate for Thor Industries. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the THO stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for THO are equal to 11.2%.

Life of production assets of 12.6 years is the average useful life of capital assets used in Thor Industries operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for THO is equal to 2.4%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1576.54 million for Thor Industries - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 52.695 million for Thor Industries is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Thor Industries at the current share price and the inputted number of shares is $5.6 billion.

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COMPANY NEWS

▶ Thor Industries: An Earnings Roundup   [Sep-19-18 04:28PM  Benzinga]
▶ AT&T and Airstream Launch 'Smart' RV   [Sep-18-18 07:02PM  PR Newswire]
▶ [$$] Thor Industries to Acquire RV Maker Erwin Hymer Group   [09:21AM  The Wall Street Journal]
▶ 3 Things to Watch in the Stock Market This Week   [Sep-16-18 07:45AM  Motley Fool]
▶ Is Thor Industries a Buy Today?   [12:00AM  Motley Fool]
▶ 3 Stocks to Hold for the Next 20 Years   [Sep-06-18 08:53AM  Motley Fool]
▶ Thor Announces Date for Earnings Release   [Aug-23-18 04:15PM  Business Wire]
▶ Airstream Debuts Smart Control Technology   [Aug-02-18 11:00AM  PR Newswire]
▶ 10 Beaten Down Stocks With Big Upside   [Jul-10-18 01:30PM  Investopedia]
▶ 10 Top-Selling Products Still Made in America   [Jul-02-18 07:49AM  Motley Fool]
▶ Top Cheap Stocks in June   [Jun-25-18 10:02AM  Simply Wall St.]
▶ Dayton CEO named to national board   [05:00AM  American City Business Journals]
▶ Winnebago Soars on "Towable" Segment Sales   [Jun-21-18 10:13AM  Motley Fool]
▶ Winnebago Earnings Surprise Sends RV Stock Soaring   [04:01PM  Investor's Business Daily]
▶ June Fundamental Stock Pick: Thor Industries Inc (NYSE:THO)   [Jun-19-18 08:29PM  Simply Wall St.]
▶ Thor Announces Regular Quarterly Dividend   [Jun-18-18 11:22AM  Business Wire]
▶ What Thor Industries Wants Shareholders to Know   [Jun-13-18 05:11PM  Motley Fool]
▶ 4 Stocks: Planes, Trains, Energy & Tech   [Jun-08-18 01:50PM  CNBC Videos]
▶ Company News For Jun 8, 2017   [09:58AM  Zacks]
▶ Thor Industries: Fiscal 3Q Earnings Snapshot   [04:36PM  Associated Press]
▶ Thor Industries misses on earnings   [04:19PM  CNBC Videos]
▶ Thursday Premarket: Stock Indexes, Tesla Face 3 Key Challenges   [04:41AM  Investor's Business Daily]
▶ Thor Announces Final Date for Earnings Release   [May-30-18 04:15PM  Business Wire]
▶ Diamonds In The Rough Of Consumer Cyclicals   [May-17-18 11:32AM  Forbes]
▶ Who Really Owns Thor Industries Inc (NYSE:THO)?   [Apr-24-18 08:50PM  Simply Wall St.]
▶ April Top Cheap Stock To Invest In   [Apr-18-18 10:02AM  Simply Wall St.]
▶ Airstream unveils new travel trailer (Photos)   [03:04PM  American City Business Journals]
▶ Why Thor Industries, Inc. Stock Slipped 11% Last Month   [Apr-09-18 01:43PM  Motley Fool]
▶ Keep Your Eye on This Thor Industries Metric   [Apr-04-18 06:17PM  Motley Fool]
▶ Winnebago Revenue Soars On Booming Towables Sales   [Mar-21-18 04:00PM  Investor's Business Daily]
▶ Wynn, Energy, Delta & Thor Industries   [01:20PM  CNBC Videos]
▶ Thor Announces Regular Quarterly Dividend   [11:04AM  Business Wire]
▶ Should You Buy Thor Industries Inc (NYSE:THO) Now?   [Mar-14-18 12:38PM  Simply Wall St.]
▶ Three RV Stocks To Buy   [01:43PM  Forbes]
▶ Thor Industries: Cramer's Top Takeaways   [06:46AM  TheStreet.com]
▶ Thor Industries beats Street 2Q forecasts   [Mar-07-18 06:06PM  Associated Press]

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