| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | 1 | — | — | — | — | — | — | — | — | — | — | — |
| Sell | 1 | — | — | — | — | — | — | — | — | — | 3 | — |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡‡‡ |
|
| 2027 | ‡‡‡‡‡ |
|
| 2026 | 1.41 |
—
—
—
—
|
| 2025 | 1.37 |
—
—
—
—
|
| 2024 | 1.27 |
—
—
—
—
|
| 2023 | 1.12 |
—
—
—
—
|
| 2022 | 0.81 |
—
—
—
—
|
| 2021 | 0.54 |
—
—
—
—
|
| 2020 | 0.45 |
—
—
—
—
|
| 2019 | 0.44 |
—
—
—
—
|
| 2018 | 0.40 |
—
—
—
—
|
| 2017 | 0.40 |
—
—
—
—
|
| 2016 | 0.40 |
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 309.90 | 330.90 | 174.00 | 57.10 |
| Receivables | 178.50 | 183.50 | 192.00 | 186.10 |
| Inventory | 470.60 | 438.70 | 396.40 | 435.20 |
| Other | 27.00 | — | — | — |
| 996.70 | 988.70 | 792.20 | 711.30 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 146.90 | 144.70 | 129.30 | 113.50 |
| ST’ Debt | 7.00 | 59.10 | — | — |
| Other | 48.50 | 20.90 | 23.20 | 22.60 |
| 396.00 | 404.70 | 327.10 | 299.70 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Nov | Feb | May | Aug | Year | |
|---|---|---|---|---|---|
| ’26 | 702.70 | 657.40 | 698.70 | — |
—
|
| ’25 | 625.60 | 620.20 | 775.10 | 777.30 |
2,798.20
|
| ’24 | 763.00 | 703.60 | 786.00 | 720.90 |
2,973.50
|
| ’23 | 952.20 | 866.70 | 900.80 | 771.00 |
3,490.70
|
| ’22 | 1,155.70 | 1,164.70 | 1,458.10 | 1,179.20 |
4,957.70
|
| ’21 | 793.13 | 839.89 | 960.74 | 1,036.05 |
3,629.80
|
| ’20 | 588.46 | 626.81 | 402.46 | 737.81 |
2,355.53
|
| Nov | Feb | May | Aug | Year | |
|---|---|---|---|---|---|
| ’26 | 25.40 | (24.80) | 25.60 | — |
—
|
| ’25 | (16.70) | (10.50) | (25.30) | 181.40 |
128.90
|
| ’24 | (21.40) | 25.20 | 99.40 | 40.70 |
143.90
|
| ’23 | 29.90 | (13.10) | 139.60 | 138.10 |
294.50
|
| ’22 | 56.50 | (10.40) | 199.10 | 155.40 |
400.60
|
| ’21 | (2.67) | 69.59 | 81.03 | 89.35 |
237.30
|
| ’20 | 79.03 | 40.13 | 43.27 | 108.00 |
270.43
|
| Nov | Feb | May | Aug | Year | |
|---|---|---|---|---|---|
| ’26 | 19.80 | (25.10) | 20.10 | — |
—
|
| ’25 | (26.70) | (16.80) | (36.10) | 171.30 |
91.70
|
| ’24 | (33.20) | 14.20 | 88.70 | 29.60 |
99.30
|
| ’23 | 2.10 | (34.70) | 121.30 | 123.00 |
211.70
|
| ’22 | 33.30 | (30.60) | 179.40 | 130.70 |
312.80
|
| ’21 | (3.58) | 63.36 | 77.03 | 68.09 |
204.90
|
| ’20 | 72.41 | 27.70 | 33.75 | 104.20 |
238.06
|
| Nov | Feb | May | Aug | Year | |
|---|---|---|---|---|---|
| ’26 | 0.19 | 0.17 | 0.51 | — |
—
|
| ’25 | (0.18) | (0.02) | 0.62 | 0.49 |
0.91
|
| ’24 | 0.78 | (0.43) | 0.96 | (1.01) |
0.44
|
| ’23 | 1.73 | 1.52 | 1.71 | 1.28 |
6.23
|
| ’22 | 2.90 | 2.69 | 3.57 | 2.61 |
11.84
|
| ’21 | 1.70 | 2.04 | 2.05 | 2.45 |
8.28
|
| ’20 | 0.44 | 0.51 | (0.37) | 1.25 |
1.84
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 43.05 | 52.08 | 45.44 | 28.00 | — | — | — |
Low Price
|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 78.88 | 75.42 | 74.10 | 50.82 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7,445 | 6,250 | 5,700 | 5,300 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.67 | 0.56 | 0.52 | 0.53 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4,957.70 | 3,490.70 | 2,973.50 | 2,798.20 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 18.74% | 16.79% | 14.58% | 13.05% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 514.70 | 279.20 | 38.40 | 30.10 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.38% | 8.00% | 1.29% | 1.08% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 390.60 | 215.90 | 13.00 | 25.70 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 56.10 | 50.00 | 92.10 | 63.60 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 152.54 | 115.20 | 101.83 | 99.23 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 12.03 | 7.12 | 0.44 | 0.91 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 12.33 | 9.72 | 4.93 | 4.57 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (2.70) | (2.73) | (1.53) | (1.32) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.62 | 6.99 | 3.40 | 3.25 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 38.86 | 45.15 | 43.61 | 43.43 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 32.50 | 30.30 | 29.20 | 28.20 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.79 | 9.11 | 138.79 | 38.16 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.38 | 0.56 | 0.57 | 0.35 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.48 | 1.44 | 1.34 | 0.81 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.43 | 0.65 | 0.70 | 0.51 | ‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.84 | 10.65 | 20.82 | 15.44 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 400.60 | 294.50 | 143.90 | 128.90 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (87.80) | (82.80) | (44.60) | (37.20) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 312.80 | 211.70 | 99.30 | 91.70 | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 571.70 | 600.70 | 584.00 | 465.10 | — | — | — |
Working Cap'
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 551.90 | 599.40 | 696.20 | 540.50 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 269.70 | 289.50 | 365.30 | 366.50 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,263.00 | 1,368.10 | 1,273.30 | 1,224.70 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 17.44% | 8.90% | 0.54% | 1.13% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 23.79% | 11.34% | 3.82% | 2.25% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 33.67% | 16.41% | 0.98% | 2.06% | — | — | — |
ROE
|
Winnebago Industries (WGO), a leading RV manufacturer, exemplifies the sector’s extreme cyclicality, with revenue exploding 408% from $975 million in 2016 to $4.96 billion in 2022 amid COVID-driven staycation demand and key acquisitions, only to contract 40% to $2.97 billion by 2024 due to inventory overhang, soaring interest rates, and softening leisure spending. Earnings per share mirrored this volatility, peaking at $12.03 before plunging to $0.44, while gross margins eroded from 18.7% to 14.6% and ROE collapsed from 33.7% to single digits, highlighting operational strains from overexpansion and underutilized capacity in a post-pandemic normalization.
Balance sheet resilience offers some cushion—shareholders’ equity up 376% since 2016 at $1.27 billion—but rising net debt to $365 million and weak free cash flow per share at $3.40 raise red flags amid high interest coverage risks and elevated working capital tied to excess inventories. Modest insider buying by directors in 2025 signals cautious confidence, contrasting a CEO sale, while RV industry shipments have halved since peaks, exacerbated by affordability crunches from 7%+ rates.
Analysts forecast revenue stabilization around $2.8-3.3 billion through 2028 with sharp EPS recovery to $6.92, assuming rate cuts revive demand, though recession risks could slash projections 20-30%. Valuations appear cheap at 0.57x PS and 1.3x PB, but a risk-averse stance favors patient positioning with 2-3% portfolio allocation, stops at 15% downside, and trims on rallies—inviting scrutiny of 2025 earnings for true recovery signals.
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