Winnebago Industries (WGO) AI Stock Analysis

• Market Cap: $1.03B
• Dividend Yield: 3.63%
• Average Volume (3M): 583.16K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.04
• Revenue Growth: -12.29%
• EPS Growth: -105.55%
• Country: US
• Employees: 5,700
• Sector: Consumer Cyclical
• Sector Strength: 74
• Industry: Auto - Recreational Vehicles
• EPS (TTM): 0.19
• Shares Outstanding: 28,025,372
• 10 Day Avg. Volume: 448,731
• 30 Day Avg. Volume: 583,164
• PEG Ratio: -2.36
• Price to Book (P/B): 0.76
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 12.80
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $44.63
• Price Target Upside: 29.97% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

• Rating: 61 Neutral
• Price Target: ―

Winnebago Industries shows resilience through strategic growth and market share gains, but faces significant challenges with declining revenues and profitability. The bearish technical indicators and reduced guidance from the earnings call further contribute to a cautious outlook. Valuation metrics underscore these concerns, resulting in an overall stock score that reflects moderate risk with some long-term potential if key issues are addressed.

Positive Factors

Earnings

WGO shares have traded higher after beating 2Q25 earnings expectations.

Market Performance

The marine segment is experiencing a better than expected early selling season, indicating strong performance in that area.

Product Innovation

Management is focused on getting product and innovation right to maintain share and profitability.

Negative Factors

Consumer Confidence

A downward revision in guidance reflects declining consumer confidence and softening macroeconomic conditions.

Market Softness

There is an expected softness in the market for the remainder of the quarter, which will pressure profitability.

Retail Demand

Retail continues to be impacted by consumer cautiousness, with dealers remaining cautious around reordering.

Winnebago Industries Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Winnebago Industries generates revenue primarily through the sale of its recreational vehicles and related products. The company operates several key business segments, including Motorhomes, Towables, and Boats. Motorhomes, which include Class A, B, and C vehicles, represent a significant portion of the company's revenue, driven by consumer demand for mobile and flexible travel solutions. The Towables segment, featuring travel trailers and fifth wheels, also contributes substantially to revenue, with products designed for various consumer preferences and price points. Additionally, the Boats segment, particularly through the Chris-Craft brand, adds to the company's revenue streams by offering luxury and performance boats. Winnebago's earnings are further supported by its extensive dealer network, which helps distribute its products across North America. Strategic acquisitions, like the purchase of Grand Design and Newmar, have also bolstered its market position and expanded its product offerings, contributing to overall growth and profitability.

Winnebago Industries Financial Statement Overview

Summary

Winnebago Industries demonstrates resilience in a challenging market, with strong equity and cash management. However, declining revenues and profitability pose risks. The company should focus on boosting sales and enhancing operational efficiency to improve future financial performance.

Income Statement

Winnebago Industries has faced declining revenue and profit margins over the past periods. The TTM data shows a contraction in total revenue and a negative net income, indicating challenges in maintaining profitability. However, the company demonstrated resilience in gross profit margin, which remains relatively stable.

Balance Sheet

The balance sheet suggests financial stability, with a manageable debt-to-equity ratio and a positive equity base. The equity ratio is strong, reflecting a solid proportion of assets financed by equity. However, the decrease in cash reserves over time is a concern.

Cash Flow

The cash flow analysis shows a decline in free cash flow, though it remains positive, indicating efficient cash management despite decreasing revenues. Operating cash flow to net income ratio is healthy, suggesting effective operations, but the decline in free cash flow growth rate is a concern.

Breakdown
TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
2.75B	2.97B	3.49B	4.96B	3.63B	2.36B
	Gross Profit
366.70M	433.50M	586.10M	929.34M	650.36M	312.93M
	EBIT
32.60M	100.20M	300.70M	583.50M	407.42M	113.76M
	EBITDA
72.50M	118.10M	346.60M	609.69M	440.70M	152.84M
	Net Income Common Stockholders
-5.70M	13.00M	215.90M	390.60M	281.90M	61.44M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
115.50M	330.90M	309.90M	282.17M	434.56M	292.57M
	Total Assets
2.19B	2.38B	2.43B	2.42B	2.06B	1.71B
	Total Debt
641.50M	741.80M	634.40M	586.28M	555.30M	539.68M
	Net Debt
526.00M	410.90M	324.50M	304.11M	120.74M	247.10M
	Total Liabilities
977.70M	1.11B	1.06B	1.15B	1.01B	886.23M
	Stockholders Equity
1.22B	1.27B	1.37B	1.26B	1.06B	827.47M
Cash Flow		Free Cash Flow
72.30M	98.90M	211.30M	312.65M	192.39M	238.06M
	Operating Cash Flow
112.90M	143.90M	294.50M	400.62M	237.28M	270.43M
	Investing Cash Flow
-35.60M	-45.90M	-170.00M	-315.67M	-33.01M	-293.08M
	Financing Cash Flow
-227.50M	-77.00M	-96.80M	-237.34M	-62.28M	277.79M

Winnebago Industries Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 34.34
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WGO, the sentiment is Negative. The current price of 34.34 is above the 20-day moving average (MA) of 34.17, above the 50-day MA of 33.51, and below the 200-day MA of 47.57, indicating a neutral trend. The MACD of 0.82 indicates Negative momentum. The RSI at 49.72 is Neutral, neither overbought nor oversold. The STOCH value of 60.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WGO.

Winnebago Industries Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LCII	75 Outperform	$2.31B	14.99	11.44%	4.78%	1.04%	65.90%
THO	68 Neutral	$4.45B	22.20	5.13%	2.37%	-8.45%	-25.41%
HOG	67 Neutral	$3.15B	9.69	10.84%	2.69%	-17.15%	-40.76%
BC	63 Neutral	$3.48B	43.64	5.16%	3.20%	-15.42%	-77.50%
Sector *	62 Neutral	$6.97B	11.36	2.77%	3.91%	2.66%	-22.00%
WGO	61 Neutral	$1.03B	―	-0.45%	3.63%	-12.29%	-105.55%
PII	61 Neutral	$2.28B	56.97	3.09%	6.54%	-17.86%	-89.55%

Winnebago Industries Corporate Events

Winnebago Industries Strengthens Board with New Appointment

Winnebago Industries announced the appointment of Mike Pack, a senior executive from Oshkosh Corporation, to its Board of Directors, following Richard Moss’s retirement. Pack’s financial and manufacturing expertise is expected to support Winnebago’s strategic goals and enhance its leadership in the outdoor recreation industry.