Winnebago Industries Inc Stock Research

Market Summary

USD54.82-1.18

Delayed

-2.11%

WGO Stock Price

WGO RSI Chart

WGO Valuation

Market Cap

1.7B

Price/Earnings (Trailing)

4.75

Price/Sales (Trailing)

0.35

EV/EBITDA

2.65

Price/Free Cashflow

5.92

WGO Price/Sales (Trailing)

WGO Profitability

EBT Margin

9.77%

Return on Equity

27.25%

Return on Assets

14.67%

Free Cashflow Yield

16.89%

WGO Fundamentals

WGO Revenue

Revenue (TTM)

4.8B

Revenue Y/Y

-17.61%

Revenue Q/Q

-19.24%

WGO Earnings

Earnings (TTM)

351.2M

Earnings Y/Y

-39.56%

Earnings Q/Q

-27.13%

Price Action

52 Week Range

43.0570.53

(Low)(High)

Last 7 days

-4.4%

Last 30 days

-12.9%

Last 90 days

2.8%

Trailing 12 Months

-2.4%

WGO Financial Health

Current Ratio

2.42

Debt/Equity

0.42

Debt/Cashflow

0.69

WGO Investor Care

Dividend Yield

1.41%

Dividend/Share (TTM)

0.81

Buy Backs (1Y)

8.71%

Diluted EPS (TTM)

10.65

Peers (Alternatives to Winnebago Industries)

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
TSLA	602.5B	81.5B	-5.20%	-43.66%	47.98	7.4	51.35%	127.50%
GM	48.8B	156.7B	-17.56%	-23.65%	4.91	0.31	23.41%	-0.85%
F	46.3B	158.1B	-5.73%	-29.74%	-21.51	0.29	15.93%	-112.02%
APTV	29.0B	17.5B	-7.68%	-9.77%	48.89	1.66	11.98%	0.68%
BWA	11.1B	15.8B	-4.74%	23.53%	11.75	0.7	6.49%	75.79%
MID-CAP
ALV	7.7B	8.8B	-1.32%	18.04%	18.19	0.87	7.44%	-2.76%
HOG	6.3B	5.8B	-24.54%	-5.82%	10.14	1.18	7.85%	14.06%
GNTX	6.3B	1.9B	-5.37%	-6.37%	19.67	3.27	10.85%	-11.65%
THO	4.1B	13.9B	-17.72%	-7.51%	5.15	0.29	-6.39%	-14.11%
SMALL-CAP
TEN	1.7B	18.6B	8.17%	58.15%	-7.03	0.09	1.85%	-200.42%
WGO	1.7B	4.8B	-12.87%	-2.37%	4.75	0.35	19.08%	8.38%
AXL	843.5M	5.8B	-16.55%	-8.91%	13.12	0.15	12.52%	989.83%
SRI	485.0M	899.9M	-23.34%	-1.77%	-23.72	0.54	16.80%	-255.49%
CPS	226.2M	2.5B	-16.22%	29.61%	-1.05	0.09	8.38%	33.28%
FUV	3.2M	5.0M	-27.69%	-80.22%	-0.05	0.65	17.40%	-129.43%

Financials for Winnebago Industries

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-4.1%	4,754	4,958	4,815	4,317	3,992
Gross Profit	-7.4%	860	929	906	803	743
Operating Expenses	-2.5%	337	346	326	297	274
S&GA Expenses	-1.3%	312	316	298	274	255
EBITDA	-9.1%	527	580	577	-	-
EBITDA Margin	-5.3%	0.11*	0.12*	0.12*	-	-
Earnings Before Taxes	-9.7%	465	515	514	452	422
EBT Margin	-5.9%	0.10*	0.10*	0.11*	-	-
Interest Expenses	-10.5%	37.00	41.00	41.00	41.00	41.00
Net Income	-10.1%	351	391	392	346	324
Net Income Margin	-6.2%	0.07*	0.08*	0.08*	-	-
Free Cahsflow	-10.0%	281	313	250	-	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-0.9%	2,394	2,417	2,427	2,309	2,206
Current Assets	-3.7%	1,054	1,094	1,119	1,009	930
Cash Equivalents	-3.7%	272	282	238	135	211
Inventory	5.2%	553	526	486	469	433
Net PPE	6.7%	295	276	256	239	224
Goodwill	0%	484	484	484	484	484
Liabilities	-4.2%	1,105	1,154	1,163	1,100	1,047
Current Liabilities	-16.5%	436	522	536	464	427
Long Term Debt	0.8%	546	541	537	533	-
LT Debt, Non Current	8.2%	590	546	541	537	533
Shareholder's Equity	2.0%	1,289	1,263	1,264	1,209	1,159
Retained Earnings	5.8%	1,627	1,538	1,463	1,358	1,273
Additional Paid-In Capital	-25.4%	191	256	252	238	234
Shares Outstanding	-41.3%	30.00	52.00	52.00	33.00	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-6.6%	374	401	335	216	296
Share Based Compensation	1.8%	17.00	17.00	16.00	15.00	16.00
Cashflow From Investing	71.1%	-91.37	-315	-312	-297	-283
Cashflow From Financing	6.3%	-222	-237	-189	-117	-74.76
Dividend Payments	10.5%	26.00	24.00	22.00	20.00	18.00
Buy Backs	-9.0%	195	214	170	100	60.00

Risks for WGO

What is the probability of a big loss on WGO?

100%

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

72.7%

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

52.3%

Probability that Winnebago Industries 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 WGO drawdown profile look like?

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

Drawdowns

Returns for WGO

Cumulative Returns on WGO

10.5%

10-Year Cumulative Returns

15.6%

7-Year Cumulative Returns

9.2%

5-Year Cumulative Returns

32.3%

3-Year Cumulative Returns

What are the long-term rolling returns for WGO?

FIve years rolling returns for Winnebago Industries.

Annualized Returns

Which funds bought or sold WGO recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	200	1,495,710	2,252,710	-%
2023-03-06	Rockefeller Capital Management L.P.	unchanged	-	-	-	-%
2023-03-01	Lakewood Asset Management LLC	new	-	255,000	255,000	0.21%
2023-02-28	Voya Investment Management LLC	reduced	-0.77	-26,224	1,529,780	-%
2023-02-27	Parallax Volatility Advisers, L.P.	reduced	-99.74	-530,630	1,370	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	unchanged	-	-5,000	534,000	0.01%
2023-02-21	Empirical Finance, LLC	added	0.7	-1,253	372,747	0.04%
2023-02-21	Empowered Funds, LLC	new	-	4,170,410	4,170,410	0.27%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	added	24.33	3,664	19,664	-%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	unchanged	-	-366	13,634	-%

Latest Funds Activity

Are funds buying WGO calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own WGO

No. of Funds

Winnebago Industries News

Schedule 13G FIlings of Winnebago Industries

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	cooke & bieler lp	7.7%	2,346,322	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	6.9%	2,107,604	SC 13G
Feb 09, 2023	vanguard group inc	7.80%	2,383,176	SC 13G/A
Jan 24, 2023	blackrock inc.	17.8%	5,428,900	SC 13G
Feb 11, 2022	cooke & bieler lp	6.2%	2,075,467	SC 13G/A
Jan 27, 2022	blackrock inc.	15.6%	5,191,121	SC 13G/A
Jan 25, 2022	blackrock inc.	15.6%	5,191,121	SC 13G/A
Feb 16, 2021	dimensional fund advisors lp	5.0%	1,667,984	SC 13G/A
Feb 16, 2021	cooke & bieler lp	4.7%	1,570,739	SC 13G/A
Feb 10, 2021	vanguard group inc	6.78%	2,276,236	SC 13G/A

WGO Fair Value

Winnebago Industries fair value in different scenarios

The table shows the Fair Value estimates for Winnebago Industries 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	250.77 357.44%	358.66 554.25%	636.18 1060.49%	1021.97 1764.23%	1359.78 2380.45%
Current Inflation	229.74 319.08%	323.08 489.35%	560.14 921.78%	885.67 1515.60%	1169.76 2033.82%
Very High Inflation	203.80 271.76%	280.07 410.89%	470.46 758.19%	727.64 1227.33%	951.12 1634.99%

Historical Winnebago Industries Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Winnebago Industries

View All Filings

Date Filed	Form Type	Document
Mar 22, 2023	10-Q	Quarterly Report
Mar 22, 2023	8-K	Current Report
Feb 27, 2023	4	Insider Trading
Feb 27, 2023	4	Insider Trading
Feb 14, 2023	SC 13G/A	Major Ownership Report
Feb 10, 2023	SC 13G	Major Ownership Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Jan 24, 2023	SC 13G	Major Ownership Report
Jan 19, 2023	4	Insider Trading
Dec 20, 2022	4	Insider Trading

Latest Insider Trading transactions for WGO

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-01-01	Fisher William C.	acquired	26,771	52.7	508	-
2022-12-17	West Christopher David	sold (taxes)	-30,113	53.11	-567	svp-operations
2022-12-17	Bhattacharya Ashis Nayan	sold (taxes)	-32,503	53.11	-612	svp-business development
2022-12-17	BOGART STACY L	sold (taxes)	-35,902	53.11	-676	svp-general counsel
2022-12-17	Hughes Bryan L	sold (taxes)	-42,806	53.11	-806	svp & chief financial officer
2022-12-17	Happe Michael J	sold (taxes)	-188,965	53.11	-3,558	president & ceo
2022-12-17	Woodson Bret A	sold (taxes)	-23,474	53.11	-442	svp-human resources
2022-10-13	West Christopher David	sold (taxes)	-22,727	56.96	-399	svp-operations
2022-10-13	Woodson Bret A	sold (taxes)	-13,385	56.96	-235	svp-human resources
2022-10-13	BOGART STACY L	sold (taxes)	-27,340	56.96	-480	svp-general counsel

About Winnebago Industries

Michael J. Happe

www.winnebagoind.com

6530

Winnebago Industries, Inc. manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates in six segments: Grand Design Towables, Winnebago Towables, Winnebago Motorhomes, Newmar motorhomes, Chris-Craft Marine, and Winnebago Specialty Vehicles. It provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters for recreational travel, such as conventional travel trailers, fifth wheels, folding camper trailers, and truck campers under the Winnebago and Grand Design brand names. The company also offers motorhomes, which are self-propelled mobile dwellings used primarily as temporary living quarters during vacation and camping trips, or to support active and mobile lifestyles under the Winnebago and Newmar brand names. In addition, it offers other specialty commercial vehicles for law enforcement command centers, mobile medical clinics, and mobile office spaces; commercial vehicles as bare shells to third-party up fitters; and boats in the recreational powerboat industry under the Chris-Craft and Barletta brand names. Further, the company is involved in the original equipment manufacturing of parts for other manufacturers and commercial vehicles. The company sells its products primarily through independent dealers in the United States, Canada, and internationally. Winnebago Industries, Inc. was incorporated in 1958 and is based in Forest City, Iowa.

WGO Income Statement

2023-02-25

Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Feb. 25, 2023	Feb. 26, 2022	Feb. 25, 2023	Feb. 26, 2022
Income Statement [Abstract]
Net revenues	$ 866.7	$ 1,164.7	$ 1,818.9	$ 2,320.5
Cost of goods sold	719.9	948.1	1,511.7	1,874.5
Gross profit	146.8	216.6	307.2	446.0
Selling, general, and administrative expenses	66.2	71.8	136.9	146.7
Amortization	3.8	8.0	7.6	16.2
Total operating expenses	70.0	79.8	144.5	162.9
Operating income	76.8	136.8	162.7	283.1
Interest expense, net	5.3	10.3	11.2	20.6
Non-operating loss	1.8	6.5	2.1	12.8
Income before income taxes	69.7	120.0	149.4	249.7
Provision for income taxes	16.9	28.8	36.4	58.9
Net income	$ 52.8	$ 91.2	$ 113.0	$ 190.8
Earnings per common share:
Basic (in dollars per share)	$ 1.73	$ 2.75	$ 3.71	$ 5.75
Diluted (in dollars per share)	$ 1.52	$ 2.69	$ 3.25	$ 5.58
Weighted average common shares outstanding:
Basic (in shares)	30.5	33.1	30.5	33.2
Diluted (in shares)	35.5	33.9	35.5	34.2

WGO Balance Sheet

2023-02-25

Consolidated Balance Sheets - USD ($) $ in Millions	Feb. 25, 2023	Aug. 27, 2022
Current assets
Cash and cash equivalents	$ 229.3	$ 282.2
Receivables, less allowance for doubtful accounts ($0.5 and $0.6, respectively)	281.3	254.1
Inventories, net	540.4	525.8
Prepaid expenses and other current assets	38.5	31.7
Total current assets	1,089.5	1,093.8
Property, plant, and equipment, net	310.4	276.2
Goodwill	484.2	484.2
Other intangible assets, net	464.8	472.4
Investment in life insurance	29.0	28.6
Operating lease assets	42.2	41.1
Deferred income tax assets, net	6.1	0.0
Other long-term assets	19.2	20.4
Total assets	2,445.4	2,416.7
Current liabilities
Accounts payable	165.0	217.5
Income taxes payable	0.0	0.7
Accrued expenses:
Accrued compensation	42.4	71.6
Product warranties	113.7	127.9
Self-insurance	21.4	21.4
Promotional	36.1	21.5
Accrued interest and dividends	4.6	13.0
Other current liabilities	51.9	48.5
Total current liabilities	435.1	522.1
Long-term debt, net	591.0	545.9
Deferred income tax liabilities, net	0.0	6.1
Unrecognized tax benefits	6.0	5.7
Long-term operating lease liabilities	41.7	40.4
Deferred compensation benefits, net of current portion	8.2	8.1
Other long-term liabilities	26.1	25.4
Total liabilities	1,108.1	1,153.7
Contingent liabilities and commitments (Note 11)
Shareholders' equity:
Preferred stock, par value $0.01: 10.0 shares authorized; Zero shares issued and outstanding	0.0	0.0
Common stock, par value $0.50: 120.0 shares authorized; 51.8 shares issued	25.9	25.9
Additional paid-in capital	193.9	256.3
Retained earnings	1,671.0	1,537.5
Accumulated other comprehensive loss	(0.4)	(0.5)
Treasury stock, at cost: 21.2 and 21.5 shares, respectively	(553.1)	(556.2)
Total shareholders' equity	1,337.3	1,263.0
Total liabilities and shareholders' equity	$ 2,445.4	$ 2,416.7