What changed
$THO — BUY 📊
THOR Industries, Inc.
🎯 Q1 FY26 | Rev $3B | EPS $1.86 vs $1.94 🔴
💡 Consensus expects continued earnings deterioration and a sluggish RV cycle, but management’s guidance implies stabilization and a return to growth in the second half of fiscal 2026, which is not yet reflected in the 5x EV/EBITDA multiple.
📉 Reward/Risk: 2.3:1
🏢 Business Quality: 6/10 - Industry-leading RV manufacturer with premium brands (Airstream, Jayco) and scale, but structurally cyclical and exposed to discretionary spending and interest rates.
📊 Valuation: cheap — trading at 5.0x EV/EBITDA and 8x forward P/E, vs. 5-year trough average of 6.5x and peer group at 6.5–7.5x. FCF yield >10% on normalized FCF.
🔮 Catalyst: Fiscal Q3 2026 earnings and updated guidance or monthly RVIA shipment data
💰 Entry: $76.2, stop $68.0, target $95.0
📊 Our read: BUY. Full analysis →
https://stockduty.xyz/s/THO0617