Oshkosh Corp Stock Research

Market Summary

USD77.13-0.76

Market Closed

-0.98%

OSK Alerts

Big jump in Earnings (Y/Y)

OSK Stock Price

OSK RSI Chart

OSK Valuation

Market Cap

5.0B

Price/Earnings (Trailing)

Price/Sales (Trailing)

0.61

EV/EBITDA

11.17

Price/Free Cashflow

15.2

OSK Price/Sales (Trailing)

OSK Profitability

EBT Margin

3.33%

Return on Equity

5.46%

Return on Assets

2.25%

Free Cashflow Yield

6.58%

OSK Fundamentals

OSK Revenue

Revenue (TTM)

8.3B

Revenue Y/Y

22.99%

Revenue Q/Q

6.62%

OSK Earnings

Earnings (TTM)

173.9M

Earnings Y/Y

210.33%

Earnings Q/Q

12.26%

Price Action

52 Week Range

69.01107.92

(Low)(High)

Last 7 days

-6.2%

Last 30 days

-14.1%

Last 90 days

-11.7%

Trailing 12 Months

-27.1%

OSK Financial Health

Current Ratio

1.87

Debt/Equity

0.19

Debt/Cashflow

1.01

OSK Investor Care

Dividend Yield

1.92%

Dividend/Share (TTM)

1.48

Buy Backs (1Y)

3.10%

Peers (Alternatives to Oshkosh)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CAT	113.9B	59.4B	-8.78%	-0.53%	16.99	1.92	16.59%	3.25%
ITW	70.6B	15.9B	-0.83%	12.07%	23.28	4.43	10.22%	12.62%
PH	41.2B	17.2B	-7.08%	12.56%	32.7	2.4	12.35%	-30.65%
PCAR	36.5B	28.8B	-4.38%	-20.53%	12.13	1.27	22.52%	61.44%
XYL	17.8B	5.5B	-4.30%	15.29%	50.05	3.22	6.29%	-16.86%
MID-CAP
MIDD	7.3B	4.0B	-11.47%	-19.45%	16.81	1.82	24.06%	-10.63%
OSK	5.0B	8.3B	-14.12%	-27.14%	29	0.61	4.14%	-62.29%
FLS	4.1B	3.6B	-7.93%	-6.28%	21.8	1.14	2.09%	49.85%
ALSN	4.0B	2.8B	-9.10%	9.74%	7.5	1.44	15.28%	20.14%
FSS	3.1B	1.4B	-2.91%	51.06%	25.75	2.16	18.27%	19.68%
MTOR	2.6B	4.3B	0.61%	53.23%	10.31	0.6	17.80%	81.88%
SMALL-CAP
SHYF	778.1M	1.0B	-26.57%	-43.56%	21.28	0.76	3.57%	-46.96%
REVG	676.9M	2.3B	-6.86%	-16.29%	44.53	0.29	-2.07%	-65.77%
MLR	392.4M	848.5M	23.28%	22.79%	19.29	0.46	18.26%	25.17%
CVGI	220.3M	981.6M	-16.65%	-20.50%	-10.03	0.22	1.03%	-192.58%

Financials for Oshkosh

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	5.2%	8,282	7,870	7,866	8,009	7,953
Gross Profit	12.8%	1,054	935	955	1,102	1,218
Operating Expenses	2.1%	682	668	671	681	683
S&GA Expenses	1.3%	663	654	660	669	672
EBITDA	31.3%	433	330	303	-	-
EBITDA Margin	24.8%	0.05*	0.04*	0.04*	-	-
Earnings Before Taxes	57.5%	276	175	175	325	439
EBT Margin	49.7%	0.03*	0.02*	0.02*	-	-
Interest Expenses	4.6%	50.00	47.00	45.00	45.00	47.00
Net Income	41.4%	174	123	169	358	461
Net Income Margin	34.3%	0.02*	0.02*	0.02*	-	-
Free Cahsflow	247.8%	332	-224	26.00	-	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	11.0%	7,729	6,964	6,860	6,975	6,850
Current Assets	10.1%	4,532	4,117	4,053	4,294	4,282
Cash Equivalents	69.7%	806	475	397	945	996
Inventory	11.7%	1,866	1,670	1,584	1,528	1,550
Net PPE	17.9%	826	701	675	604	593
Goodwill	1.5%	1,042	1,027	1,043	1,045	1,049
Current Liabilities	6.9%	2,429	2,273	2,339	2,446	2,143
Long Term Debt	0.0%	595	595	594	819	-
LT Debt, Non Current	0.0%	595	595	595	594	819
Shareholder's Equity	10.2%	3,186	2,891	2,877	2,968	3,204
Retained Earnings	6.2%	3,315	3,122	3,086	3,084	3,239
Additional Paid-In Capital	-0.6%	806	811	803	798	792
Accumulated Depreciation	2.5%	950	928	905	887	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	2524.6%	601	-24.80	219	693	690
Share Based Compensation	7.9%	29.00	27.00	25.00	23.00	25.00
Cashflow From Investing	-36.8%	-300	-219	-236	-168	-251
Cashflow From Financing	24.0%	-485	-638	-734	-666	-334
Dividend Payments	-0.7%	97.00	98.00	96.00	95.00	93.00
Buy Backs	-49.2%	155	305	400	440	326

Risks for OSK

What is the probability of a big loss on OSK?

89.6%

Probability that Oshkosh stock will be more than 20% underwater in next one year

56.5%

Probability that Oshkosh stock will be more than 30% underwater in next one year.

29.6%

Probability that Oshkosh stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does OSK drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Oshkosh was unfortunately bought at previous high price.

Drawdowns

Returns for OSK

Cumulative Returns on OSK

7.8%

10-Year Cumulative Returns

11.2%

7-Year Cumulative Returns

1.7%

5-Year Cumulative Returns

13.5%

3-Year Cumulative Returns

What are the long-term rolling returns for OSK?

FIve years rolling returns for Oshkosh.

Annualized Returns

Which funds bought or sold OSK recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	sold off	-100	-741,000	-	-%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	14.00	87,035,100	289,304,000	0.32%
2023-03-06	NORTH STAR ASSET MANAGEMENT INC	new	-	428,461	428,461	0.03%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-19.49	25,000	2,415,000	0.01%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	sold off	-100	-1,000	-	-%
2023-02-28	Voya Investment Management LLC	added	0.41	154,557	748,557	-%
2023-02-27	ST GERMAIN D J CO INC	new	-	8,819	8,819	-%
2023-02-24	SRS Capital Advisors, Inc.	added	284	30,261	38,261	-%
2023-02-24	NATIXIS	new	-	1,516,870	1,516,870	0.01%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	unchanged	-	188,000	930,000	0.01%

Latest Funds Activity

Are funds buying OSK calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own OSK

No. of Funds

OSK Alerts

Big jump in Earnings (Y/Y)

Oshkosh News

Schedule 13G FIlings of Oshkosh

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	aristotle capital management, llc	11.46%	7,494,676	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	9.60%	6,279,471	SC 13G/A
Feb 08, 2023	american century investment management inc	6.33%	4,142,633	SC 13G
Feb 02, 2023	victory capital management inc	-	3,280,464	SC 13G
Jan 25, 2023	blackrock inc.	8.8%	5,766,911	SC 13G
Feb 10, 2022	vanguard group inc	9.39%	6,339,411	SC 13G/A
Feb 10, 2022	aristotle capital management, llc	10.67%	7,104,034	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G/A
Feb 08, 2022	aristotle capital management, llc	8.59%	5,798,896	SC 13G

OSK Fair Value

Oshkosh fair value in different scenarios

The table shows the Fair Value estimates for Oshkosh for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	35.40 -54.10%	48.70 -36.86%	69.97 -9.28%	114.00 47.80%	153.66 99.22%
Current Inflation	32.90 -57.34%	44.41 -42.42%	62.40 -19.10%	100.34 30.09%	134.07 73.82%
Very High Inflation	29.76 -61.42%	39.17 -49.22%	53.43 -30.73%	84.34 9.35%	111.35 44.37%

Historical Oshkosh Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Oshkosh

View All Filings

Date Filed	Form Type	Document
Mar 17, 2023	DEF 14A	DEF 14A
Mar 13, 2023	4	Insider Trading
Mar 07, 2023	4	Insider Trading
Mar 07, 2023	4	Insider Trading
Mar 07, 2023	4	Insider Trading
Mar 07, 2023	4	Insider Trading
Mar 07, 2023	4	Insider Trading
Mar 07, 2023	4	Insider Trading
Mar 07, 2023	4	Insider Trading
Mar 07, 2023	4	Insider Trading

Latest Insider Trading transactions for OSK

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-09	Bleck Timothy S	sold (taxes)	-50,216	86.73	-579	svp and pres. defense
2023-03-09	Bleck Timothy S	acquired	-	-	1,254	svp and pres. defense
2023-03-06	Brandt Bryan K	acquired	217	90.7	2.403	svp & chief marketing officer
2023-03-06	Nerenhausen Frank R.	acquired	778	90.7	8.584	evp & pres. access segment
2023-03-06	Bleck Timothy S	acquired	238	90.7	2.632	svp and pres, defense segment
2023-03-06	Freeders James C	acquired	373	90.7	4.12	senior vp and controller
2023-03-06	Pfeifer John C	sold (taxes)	-1,451	90.7	-16.00	president & ceo
2023-03-06	Pack Michael E	sold (taxes)	-453	90.7	-5.00	exec. vp and cfo
2023-03-06	McTague Emma M	acquired	435	90.7	4.807	svp and chief hr officer
2023-03-06	Iyengar Jayanthi	sold (taxes)	-272	90.7	-3.00	evp, chief technology officer

About Oshkosh

John C. Pfeifer

www.oshkoshcorporation.com

15000

Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales. Its Defense segment provides heavy, medium, and light tactical wheeled vehicles and related services for the department of defense. The company's Fire & Emergency segment offers custom and commercial firefighting vehicles and equipment; and commercial fire apparatus and emergency vehicles, such as pumpers, aerial platform, ladder and tiller trucks, tankers, rescue vehicles, wild land rough terrain response vehicles, mobile command and control centers, bomb squad vehicles, hazardous materials control vehicles, and other emergency response vehicles. This segment also provides aircraft rescue and firefighting, snow removal, and broadcast vehicles, as well as command trucks, and military simulator shelters and trailers. Its Commercial segment offers front-and rear-discharge concrete mixers for the concrete ready-mix industry; refuse collection vehicles and related components to commercial and municipal waste haulers; and field service vehicles and truck-mounted cranes for the construction, equipment dealer, building supply, utility, tire service, railroad, and mining industries. Oshkosh Corporation provides its products through direct sales representatives, dealers, and distributors. The company was formerly known as Oshkosh Truck Corporation and changed its name to Oshkosh Corporation in February 2008. Oshkosh Corporation was founded in 1917 and is headquartered in Oshkosh, Wisconsin.

OSK Income Statement

2022-12-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2021

Dec. 31, 2022

Sep. 30, 2021

Sep. 30, 2020

Income Statement [Abstract]

Net sales

$ 1,791.7

$ 8,282.0

$ 7,737.3

$ 6,856.8

Cost of sales

1,596.4

7,227.6

6,469.1

5,740.4

Gross income

195.3

1,054.4

1,268.2

1,116.4

Operating expenses:

Selling, general and administrative

150.9

662.8

666.5

620.6

Amortization of purchased intangibles

2.8

11.6

9.6

11.0

Intangible asset impairment

7.7

Total operating expenses

153.7

682.1

676.1

631.6

Operating income

41.6

372.3

592.1

484.8

Other income (expense):

Interest expense

(12.5)

(53.4)

(48.2)

(59.3)

Interest income

0.7

9.5

3.5

7.5

Miscellaneous, net

^[1]

(5.6)

(52.8)

(2.1)

2.2

Income before income taxes and earnings (losses) of unconsolidated affiliates

24.2

275.6

545.3

435.2

Provision for income taxes

1.2

97.5

36.4

111.9

Income before earnings (losses) of unconsolidated affiliates

23.0

178.1

508.9

323.3

Equity in earnings (losses) of unconsolidated affiliates

1.2

(4.2)

(1.8)

Net income

$ 24.2

$ 173.9

$ 508.9

$ 321.5

Earnings per share:

Basic

$ 0.36

$ 2.65

$ 7.43

$ 4.72

Diluted

$ 0.36

$ 2.63

$ 7.35

$ 4.67

[1]	Results for fiscal 2022 include a $33.6 million charge from the settlement of a frozen pension plan. Results for the year ended September 30, 2020 include a $6.2 million gain from insurance proceeds in excess of property loss in the Commercial segment.

OSK Balance Sheet

2022-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Sep. 30, 2021
Current assets:
Cash and cash equivalents	$ 805.9	$ 995.7	$ 1,375.8
Receivables, net	1,162.0	973.4	1,017.3
Unbilled receivables, net	586.3	440.8	421.1
Inventories, net	1,865.6	1,550.4	1,411.5
Income taxes receivable	21.6	250.3	278.1
Other current assets	90.7	71.7	58.2
Total current assets	4,532.1	4,282.3	4,562.0
Property, plant and equipment, net	826.2	593.2	595.9
Goodwill	1,042.0	1,049.0	1,052.0
Purchased intangible assets, net	457.0	464.0	466.8
Deferred income taxes	134.8	71.7	8.3
Other long-term assets	736.9	389.5	350.7
Total assets	7,729.0	6,849.7	7,035.7
Current liabilities:
Revolving credit facilities	9.7
Accounts payable	1,129.0	747.4	860.4
Customer advances	696.7	690.9	654.3
Payroll-related obligations	119.5	118.4	215.1
Income taxes payable	100.3	222.1	64.9
Other current liabilities	373.4	364.2	357.0
Total current liabilities	2,428.6	2,143.0	2,151.7
Long-term debt, less current maturities	595.0	819.0	818.8
Long-term customer advances	1,020.5	207.0	118.7
Other long-term liabilities	499.2	476.4	588.8
Commitments and contingencies
Shareholders’ equity:
Common Stock ($0.01 par value; 300,000,000 shares authorized; 75,101,465 shares issued)	0.7	0.7	0.7
Additional paid-in capital	806.0	792.4	804.6
Retained earnings	3,315.0	3,238.5	3,239.2
Accumulated other comprehensive loss	(92.3)	(128.6)	(131.0)
Common Stock in treasury, at cost (9,629,317 and 8,289,347 and 7,089,782 shares, respectively)	(843.7)	(698.7)	(555.8)
Total shareholders’ equity	3,185.7	3,204.3	3,357.7
Total liabilities and shareholders’ equity	$ 7,729.0	$ 6,849.7	$ 7,035.7