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Wabash National Corporation (WNC)



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Upturn Advisory Summary
04/01/2025: WNC (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -13.84% | Avg. Invested days 25 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 468.22M USD | Price to earnings Ratio - | 1Y Target Price 17 |
Price to earnings Ratio - | 1Y Target Price 17 | ||
Volume (30-day avg) 1448910 | Beta 1.63 | 52 Weeks Range 10.34 - 29.21 | Updated Date 04/1/2025 |
52 Weeks Range 10.34 - 29.21 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 2.90% | Basic EPS (TTM) -6.4 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -14.59% | Operating Margin (TTM) 0.75% |
Management Effectiveness
Return on Assets (TTM) -16.02% | Return on Equity (TTM) -76.52% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 761661680 | Price to Sales(TTM) 0.24 |
Enterprise Value 761661680 | Price to Sales(TTM) 0.24 | ||
Enterprise Value to Revenue 0.39 | Enterprise Value to EBITDA 4.55 | Shares Outstanding 42449800 | Shares Floating 41377552 |
Shares Outstanding 42449800 | Shares Floating 41377552 | ||
Percent Insiders 3.8 | Percent Institutions 107.9 |
Analyst Ratings
Rating 4 | Target Price 20.5 | Buy - | Strong Buy 1 |
Buy - | Strong Buy 1 | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Wabash National Corporation

Company Overview
History and Background
Wabash National Corporation was founded in 1985. Initially focused on manufacturing aluminum sheet and post trailers, the company expanded into composite technologies and diverse trailer types. It has grown through strategic acquisitions and organic development, becoming a leading North American trailer manufacturer and body builder.
Core Business Areas
- Transportation Solutions: Designs, manufactures, and markets dry van trailers, refrigerated trailers, and platform trailers for over-the-road transportation.
- Final Mile Products: Produces truck bodies, including dry freight and refrigerated units, for last-mile delivery services.
- Diversified Components: Provides engineered products and components, including composite panels, molded parts, and structural elements, for internal use and external customers. Also provides upfitting and service offerings for commercial vehicle markets through its Supreme Upfitting and Walker divisions.
Leadership and Structure
Brent L. Yeagy serves as President and CEO. The company has a hierarchical organizational structure with distinct business units reporting to executive leadership.
Top Products and Market Share
Key Offerings
- Dry Van Trailers: Wabash National is a leading manufacturer of dry van trailers, used for transporting non-perishable goods. Competitors include Utility Trailer Manufacturing, Great Dane Trailers, and Hyundai Translead. Market share is estimated between 20-25% for dry van trailers.
- Refrigerated Trailers: Designs and manufactures refrigerated trailers for temperature-sensitive freight. Competitors include Utility Trailer Manufacturing and Great Dane Trailers. Market share is estimated between 15-20%.
- Truck Bodies: Produces truck bodies for last-mile delivery applications, including both dry freight and refrigerated units. Competitors include Morgan Truck Body, Reading Truck Group, and Knapheide Manufacturing. Wabash entered this market significantly with the acquisition of Supreme.
Market Dynamics
Industry Overview
The trailer and truck body manufacturing industry is cyclical, influenced by freight demand, economic conditions, and regulatory changes. Growth is driven by e-commerce, infrastructure investments, and fleet modernization.
Positioning
Wabash National holds a leading position in the North American trailer market, known for its innovation in composite materials, diverse product portfolio, and strong customer relationships. Their competitive advantage lies in their integrated solutions across transportation and logistics.
Total Addressable Market (TAM)
The total addressable market for trailers and truck bodies in North America is estimated at tens of billions of dollars annually. Wabash is positioned to capture a significant portion through product innovation and market expansion.
Upturn SWOT Analysis
Strengths
- Strong market position
- Diversified product portfolio
- Innovative composite technology
- Established customer relationships
- Strong brand recognition
Weaknesses
- Cyclical business model
- Dependence on economic conditions
- Exposure to commodity price fluctuations
- Integration risks from acquisitions
Opportunities
- Growing e-commerce demand
- Infrastructure spending
- Expansion into new markets
- Development of sustainable solutions
- Increasing demand for final mile solutions
Threats
- Economic downturns
- Increased competition
- Rising material costs
- Regulatory changes
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- WNC
- UTX
- GDW
Competitive Landscape
Wabash National competes on product innovation, customer service, and pricing. Their strengths include their composite technology and diversified product portfolio. Competitors like Utility and Great Dane have established brands and strong dealer networks.
Major Acquisitions
Supreme Industries
- Year: 2017
- Acquisition Price (USD millions): 176
- Strategic Rationale: Expanded Wabash National's presence in the final mile delivery market.
Growth Trajectory and Initiatives
Historical Growth: Wabash National's growth has been driven by market share gains, product innovation, and acquisitions.
Future Projections: Analyst estimates suggest continued growth, driven by demand for trailers and truck bodies. It cannot be populated in real time.
Recent Initiatives: Recent initiatives include expanding final mile solutions, investing in composite technology, and optimizing manufacturing processes.
Summary
Wabash National is a strong player in the transportation solutions industry, particularly in trailer manufacturing. Its diversified product line and focus on innovation provide a competitive advantage. Key risks include economic cycles and material price volatility, but the company's strategic initiatives and market position support continued growth.
Similar Companies
Sources and Disclaimers
Data Sources:
- Company Website
- Analyst Reports
- Industry Publications
Disclaimers:
Data is based on available information and estimates and may not be exact. Market share data is approximate. Investment decisions should be based on thorough research and consultation with a financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Wabash National Corporation
Exchange NYSE | Headquaters Lafayette, IN, United States | ||
IPO Launch date 1991-11-08 | President, CEO & Director Mr. Brent L. Yeagy | ||
Sector Industrials | Industry Farm & Heavy Construction Machinery | Full time employees 6000 | Website https://onewabash.com |
Full time employees 6000 | Website https://onewabash.com |
Wabash National Corporation manufactures engineered solutions and services for transportation, logistics and infrastructure industry in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. It offers dry van trailers, platform trailers, refrigerated trailers, stainless steel and aluminum tank trailers, and used trailors; dry freight truck bodies, cargo bodies, insulated and light-duty acutherm refrigerated truck bodies, and platform truck bodies; and laminated hardwood oak flooring. The company also provides aftermarket parts and services; steel flatbed bodies, truck body mounting, shelving for package delivery, partitions, roof racks, hitches, thermal solutions, liftgates, and other; door repair and replacement, collision repair, and basic maintenance; stainless steel storage tanks and silos, mixers, and processors for the dairy, food and beverage, pharmaceutical, chemical, craft brewing, and biotech end markets; and truck bodies, overhead doors, and other industrial applications. In addition, it offers maintenance and repair services for tank trailers and other related equipment; direct-line access to truck body repair parts; and trailers as a service, as well as develops and scales a digital marketplace for the transportation and logistics distribution industry. The company offers its products under the Wabash, DuraPlate, DuraPlateHD, DuraPlate AeroSkirt, and AeroSkirt CX brands, and EcoNex brand. Wabash National Corporation was founded in 1985 and is headquartered in Lafayette, Indiana.
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