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Winnebago Industries Inc WGO Stock Quote

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Morningstar‘s Stock Analysis WGO

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Winnebago's Investor Day Brings Fiscal 2025 Targets We See as Hard to Reach

David Whiston Sector Strategist

Analyst Note

| David Whiston |

Winnebago unveiled ambitious fiscal-year 2025 targets at its Nov. 15 investor day. We are raising our fair value estimate to $86 from $77 to give some benefit of the doubt to what we consider a high performing management team, however, we are skeptical on full realization of the targets. Fiscal 2025 revenue is targeted at $5.5 billion, while CEO Michael Happe called for fiscal 2023 to be a softening year for the recreational vehicle market and fiscal 2024 a year of stabilization. Based on current Refinitiv fiscal 2024 revenue consensus, Winnebago’s revenue would have to grow nearly 50% in fiscal 2025 to reach $5.5 billion, and we find growth that fast unlikely given Happe said most growth will be organic. Fiscal 2025 gross margin is targeted at 19% (18.7% in fiscal 2022) and adjusted EBITDA margin at 13% (13.1% in fiscal 2022). The stock fell nearly 8% on Nov. 15, possibly from market skepticism on growth or no EBITDA margin expansion from fiscal 2022.

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Key Statistics WGO

Company Profile WGO

Business Description

Winnebago Industries manufactures Class A, B, and C motor homes along with towables, customized specialty vehicles, boats, and parts. Headquartered in Eden Prairie, Minnesota, Winnebago has been producing recreational vehicles since 1958. Revenue was about $5 billion in fiscal 2022. Winnebago expanded into towables in 2011 with the acquisition of SunnyBrook and acquired Grand Design in November 2016. Towables made up 83% of the firm's RV unit volume, up from 31% in fiscal 2016. The company's total RV unit volume was 71,922 in fiscal 2022. Winnebago expanded into boating in 2018 with the purchase of Chris-Craft, bought premium motor home maker Newmar in November 2019, and bought Barletta pontoon boats in August 2021. It also is developing electric and autonomous technology.

13200 Pioneer Trail
Eden Prairie, MN, 55347
Industry Recreational Vehicles
Employees 7,445

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FAQs for Winnebago Industries Inc Stock

Yes. WGO has a forward dividend yield of 1.94%. See WGO’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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WGO’s market cap is 1.69 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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WGO’s stock style is Small Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

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WGO’s price/sales is 0.37.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

WGO’s price/forward earnings is 6.92.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

WGO’s price/book is 1.34.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

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WGO’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare WGO’s historical performance against its industry peers and the overall market.