Winnebago Industries (WGO) AI Stock Analysis

• Market Cap: $969.86M
• Dividend Yield: 4.09%
• Average Volume (3M): 499.46K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.00
• Revenue Growth: -9.32%
• EPS Growth: -120.00%
• Country: US
• Employees: 5,700
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Recreational Vehicles
• EPS (TTM): 0.81
• Shares Outstanding: 28,030,540
• 10 Day Avg. Volume: 598,009
• 30 Day Avg. Volume: 499,460
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.58
• Enterprise Value/Revenue: 0.56
• Enterprise Value/Gross Profit: 4.26
• Enterprise Value/Ebitda: 32.71
• 1Y Price Target: $40.75
• Price Target Upside: 18.12% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 53 Neutral
• Price Target: $35.00 ▲(1.45% Upside)

Winnebago Industries' overall stock score is primarily impacted by its financial performance, which is under pressure due to declining revenue and profitability. Technical analysis provides a neutral outlook, while valuation metrics raise concerns with a negative P/E ratio. The earnings call adds to the cautious sentiment with reduced guidance and operational challenges.

Positive Factors

Product Innovation

The introduction of new products like Newmar's Freedom Aire and the Thrive travel trailer demonstrates Winnebago's commitment to innovation, potentially enhancing its competitive position and attracting new customers in the RV market.

Market Share Gains

Gaining market share in key segments like Class A gas and Class C enterprise shares indicates strong competitive positioning, which can lead to sustained revenue growth and improved brand recognition in the long term.

Corporate Responsibility Recognition

Recognition for corporate responsibility can enhance brand reputation, attract socially conscious consumers, and improve employee morale, contributing to long-term business sustainability and stakeholder trust.

Negative Factors

Revenue Decline

A substantial revenue decline indicates challenges in market demand or competitive pressures, which can impact profitability and limit the company's ability to invest in growth initiatives over the long term.

Negative Cash Flow

Negative free cash flow suggests operational inefficiencies and cash management issues, which can strain financial resources and limit the company's ability to fund strategic initiatives or respond to market changes.

Retail Sales Decline

A decline in retail sales reflects weakening consumer demand, possibly due to economic headwinds, which can pressure revenue and profitability, affecting the company's long-term growth prospects.

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 through multiple streams primarily centered around the sale of RVs and related products. Their core revenue comes from the manufacturing and distribution of motorhomes and towable RVs, which they sell through a network of independent dealers across North America. In addition to vehicle sales, Winnebago also earns money through the sale of parts and accessories, as well as service and warranty programs for their RVs. Seasonal demand, particularly during the spring and summer months, significantly impacts sales. The company has established partnerships with various suppliers and dealers, enhancing its distribution capabilities and contributing to its revenue growth. Furthermore, Winnebago has been expanding its product offerings and entering new markets, which can lead to increased sales and diversification of income sources.

Winnebago Industries Financial Statement Overview

Summary

Winnebago Industries is experiencing financial headwinds with declining revenue and profitability, which is negatively impacting its income statement. Although it has improved its debt-to-equity ratio, challenges remain in cash flow management with negative operating cash flow and reduced free cash flow, necessitating revenue growth and profitability restoration.

Income Statement

Winnebago Industries has experienced significant revenue decline, with a drop from $4.96 billion in 2022 to $2.74 billion in TTM (Trailing-Twelve-Months). This led to a negative net income, reflected by a net profit margin of -0.62% in TTM. The gross profit margin also decreased, signaling challenges in maintaining profitability. The company faces a downturn in core revenue metrics, with a substantial drop in EBIT and EBITDA margins to 0.70% and 1.71% respectively.

Balance Sheet

The debt-to-equity ratio improved significantly due to reduced total debt, showing prudent debt management. However, equity has decreased alongside total assets, impacting the equity ratio, which stands at 57.02%. The balance sheet remains relatively stable, but there is potential risk from reduced total assets and equity figures.

Cash Flow

Cash flow metrics indicate stress, with operating cash flow turning negative and free cash flow significantly decreasing in TTM. The operating cash flow to net income ratio is negative due to losses, and free cash flow growth turned negative compared to 2024, indicating cash management issues.

Breakdown	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	2.97B	3.49B	4.96B	3.63B	2.36B
Gross Profit	433.50M	586.10M	929.34M	650.36M	312.93M
EBITDA	118.10M	346.60M	609.69M	440.70M	152.84M
Net Income	13.00M	215.90M	390.60M	281.90M	61.44M
Balance Sheet
Total Assets	2.38B	2.43B	2.42B	2.06B	1.71B
Cash, Cash Equivalents and Short-Term Investments	330.90M	309.90M	282.17M	434.56M	292.57M
Total Debt	741.80M	634.40M	586.28M	555.30M	539.68M
Total Liabilities	1.11B	1.06B	1.15B	1.01B	886.23M
Stockholders Equity	1.27B	1.37B	1.26B	1.06B	827.47M
Cash Flow
Free Cash Flow	98.90M	211.30M	312.65M	192.39M	238.06M
Operating Cash Flow	143.90M	294.50M	400.62M	237.28M	270.43M
Investing Cash Flow	-45.90M	-170.00M	-315.67M	-33.01M	-293.08M
Financing Cash Flow	-77.00M	-96.80M	-237.34M	-62.28M	277.79M

Winnebago Industries Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 34.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WGO, the sentiment is Positive. The current price of 34.5 is above the 20-day moving average (MA) of 34.39, above the 50-day MA of 33.07, and below the 200-day MA of 36.42, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 53.12 is Neutral, neither overbought nor oversold. The STOCH value of 63.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WGO.

Winnebago Industries Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BC	72 Outperform	4.16B	97.64	0.72%	2.69%	-11.58%	-87.27%
THO	67 Neutral	5.60B	21.85	6.03%	1.88%	-4.62%	-2.29%
HOG	67 Neutral	3.50B	14.56	7.34%	2.47%	-24.81%	-60.65%
LCII	66 Neutral	2.30B	15.76	10.99%	4.84%	1.36%	25.97%
PII	60 Neutral	3.31B	-31.22	-9.10%	4.53%	-16.63%	-132.70%
WGO	53 Neutral	$969.86M	―	-1.35%	4.09%	-9.32%	-120.00%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Winnebago Industries Corporate Events

Winnebago Industries Announces Board Member Resignation

On August 4, 2025, Winnebago Industries, Inc. announced the resignation of Jacqueline D. Woods from the Board of Directors, effective immediately. Her resignation was in line with the company’s Corporate Governance Policy due to a change in her principal employment.

The most recent analyst rating on (WGO) stock is a Hold with a $32.00 price target. To see the full list of analyst forecasts on Winnebago Industries stock, see the WGO Stock Forecast page.