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LCI Industries

DB:0DI
Snowflake Description

Good value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0DI
DB
$2B
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. The last earnings update was 40 days ago. More info.


Add to Portfolio Compare Print
  • LCI Industries has significant price volatility in the past 3 months.
0DI Share Price and Events
7 Day Returns
-2.5%
DB:0DI
-3.6%
DE Auto Components
-0.6%
DE Market
1 Year Returns
-21.9%
DB:0DI
-52.5%
DE Auto Components
-20.9%
DE Market
0DI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
LCI Industries (0DI) -2.5% -26.4% -37.8% -21.9% -32.5% 3.4%
DE Auto Components -3.6% -26.6% -44.8% -52.5% -66.5% -71.2%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • 0DI outperformed the Auto Components industry which returned -52.5% over the past year.
  • 0DI underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
0DI
Industry
5yr Volatility vs Market

0DI Value

 Is LCI Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of LCI Industries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for LCI Industries.

DB:0DI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:0DI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.077 (1 + (1- 21%) (45.88%))
1.313
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.31
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.313 * 5.44%)
6.75%

Discounted Cash Flow Calculation for DB:0DI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for LCI Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:0DI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.75%)
2020 154.66 Analyst x2 144.88
2021 301.52 Analyst x1 264.58
2022 384.67 Est @ 27.58% 316.19
2023 458.47 Est @ 19.19% 353.01
2024 519.50 Est @ 13.31% 374.70
2025 567.31 Est @ 9.2% 383.30
2026 603.19 Est @ 6.32% 381.76
2027 629.18 Est @ 4.31% 373.02
2028 647.43 Est @ 2.9% 359.56
2029 659.82 Est @ 1.91% 343.26
Present value of next 10 years cash flows $3,294.00
DB:0DI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $659.82 × (1 + -0.39%) ÷ (6.75% – -0.39%)
$9,201.11
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $9,201.11 ÷ (1 + 6.75%)10
$4,786.69
DB:0DI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $3,294.00 + $4,786.69
$8,080.69
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $8,080.69 / 25.05
$322.63
DB:0DI Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:0DI represents 0.91721x of NYSE:LCII
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.91721x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 322.63 x 0.91721
€295.92
Value per share (EUR) From above. €295.92
Current discount Discount to share price of €58.50
= -1 x (€58.50 - €295.92) / €295.92
80.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price LCI Industries is available for.
Intrinsic value
>50%
Share price is €58.5 vs Future cash flow value of €295.92
Current Discount Checks
For LCI Industries to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • LCI Industries's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • LCI Industries's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for LCI Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are LCI Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:0DI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $5.86
NYSE:LCII Share Price ** NYSE (2020-04-06) in USD $63.78
Germany Auto Components Industry PE Ratio Median Figure of 9 Publicly-Listed Auto Components Companies 11.43x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of LCI Industries.

DB:0DI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:LCII Share Price ÷ EPS (both in USD)

= 63.78 ÷ 5.86

10.88x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • LCI Industries is good value based on earnings compared to the DE Auto Components industry average.
  • LCI Industries is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does LCI Industries's expected growth come at a high price?
Raw Data
DB:0DI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
5.1%per year
Germany Auto Components Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Components Companies 0.49x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

DB:0DI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.88x ÷ 5.1%

2.12x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • LCI Industries is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on LCI Industries's assets?
Raw Data
DB:0DI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $31.97
NYSE:LCII Share Price * NYSE (2020-04-06) in USD $63.78
Germany Auto Components Industry PB Ratio Median Figure of 13 Publicly-Listed Auto Components Companies 0.69x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:0DI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:LCII Share Price ÷ Book Value per Share (both in USD)

= 63.78 ÷ 31.97

2x

* Primary Listing of LCI Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • LCI Industries is overvalued based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess LCI Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. LCI Industries has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

0DI Future Performance

 How is LCI Industries expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is LCI Industries expected to grow at an attractive rate?
  • LCI Industries's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • LCI Industries's earnings growth is positive but not above the Germany market average.
  • LCI Industries's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:0DI Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:0DI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 5.1%
DB:0DI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 6.2%
Germany Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 48.7%
Germany Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:0DI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:0DI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,684 379 163 6
2020-12-31 2,447 202 129 6
2020-04-07
DB:0DI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 2,371 270 147
2019-09-30 2,344 259 138
2019-06-30 2,362 258 136
2019-03-31 2,417 214 136
2018-12-31 2,476 157 149
2018-09-30 2,486 152 146
2018-06-30 2,437 135 144
2018-03-31 2,300 126 137
2017-12-31 2,148 153 133
2017-09-30 2,004 147 142
2017-06-30 1,861 167 139
2017-03-31 1,754 181 137

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • LCI Industries's earnings are expected to grow by 5.1% yearly, however this is not considered high growth (20% yearly).
  • LCI Industries's revenue is expected to grow by 6.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:0DI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from LCI Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0DI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 6.32 8.17 4.00 6.00
2020-12-31 4.94 7.46 3.00 6.00
2020-04-07
DB:0DI Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 5.86
2019-09-30 5.51
2019-06-30 5.42
2019-03-31 5.40
2018-12-31 5.90
2018-09-30 5.79
2018-06-30 5.73
2018-03-31 5.47
2017-12-31 5.31
2017-09-30 5.68
2017-06-30 5.61
2017-03-31 5.54

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • LCI Industries is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess LCI Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
LCI Industries has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

0DI Past Performance

  How has LCI Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare LCI Industries's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • LCI Industries's year on year earnings growth rate has been positive over the past 5 years.
  • LCI Industries's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • LCI Industries's 1-year earnings growth is negative, it can't be compared to the DE Auto Components industry average.
Earnings and Revenue History
LCI Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from LCI Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0DI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2,371.48 146.51 310.18
2019-09-30 2,344.08 137.88 301.57
2019-06-30 2,362.10 135.88 295.17
2019-03-31 2,417.49 135.58 298.96
2018-12-31 2,475.81 148.55 295.03
2018-09-30 2,486.33 145.84 296.99
2018-06-30 2,436.90 144.16 290.39
2018-03-31 2,299.93 137.08 271.32
2017-12-31 2,147.77 132.88 254.18
2017-09-30 2,003.53 141.72 243.48
2017-06-30 1,861.09 139.43 231.03
2017-03-31 1,754.44 136.86 220.04
2016-12-31 1,678.90 129.67 209.10
2016-09-30 1,610.23 119.51 201.20
2016-06-30 1,543.15 106.93 186.74
2016-03-31 1,464.41 90.23 177.98
2015-12-31 1,403.07 74.35 169.94
2015-09-30 1,358.19 70.20 168.46
2015-06-30 1,307.16 68.43 160.99
2015-03-31 1,266.86 66.18 153.40
2014-12-31 1,190.78 62.27 145.35
2014-09-30 1,126.38 61.35 146.56
2014-06-30 1,082.96 60.66 140.29
2014-03-31 1,048.37 57.91 135.57
2013-12-31 1,015.58 50.12 122.27
2013-09-30 990.86 43.79 127.75
2013-06-30 966.34 38.75 121.64

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • LCI Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • LCI Industries used its assets more efficiently than the DE Auto Components industry average last year based on Return on Assets.
  • LCI Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess LCI Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
LCI Industries has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

0DI Health

 How is LCI Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up LCI Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • LCI Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • LCI Industries's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of LCI Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from LCI Industries Company Filings, last reported 3 months ago.

DB:0DI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 800.67 630.79 35.36
2019-09-30 777.38 272.39 24.17
2019-06-30 752.88 245.92 15.13
2019-03-31 721.68 286.74 14.32
2018-12-31 706.26 294.12 14.93
2018-09-30 735.65 243.50 18.25
2018-06-30 713.18 215.33 17.85
2018-03-31 678.79 226.24 4.99
2017-12-31 652.75 49.92 26.05
2017-09-30 647.06 49.92 19.76
2017-06-30 619.76 49.91 37.96
2017-03-31 584.48 49.91 64.38
2016-12-31 550.27 49.95 86.17
2016-09-30 531.37 49.94 95.06
2016-06-30 503.03 49.93 78.56
2016-03-31 467.40 49.92 27.92
2015-12-31 438.58 49.91 12.31
2015-09-30 417.63 91.83 7.25
2015-06-30 396.04 80.00 11.78
2015-03-31 370.01 50.00 27.93
2014-12-31 394.90 15.65 0.00
2014-09-30 377.33 40.00 0.00
2014-06-30 359.08 22.29 0.00
2014-03-31 337.71 10.00 6.13
2013-12-31 313.61 0.00 66.28
2013-09-30 343.46 0.00 52.87
2013-06-30 325.15 0.00 31.88
  • LCI Industries's level of debt (78.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (4.1% vs 78.8% today).
  • Debt is well covered by operating cash flow (42.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 22.5x coverage).
X
Financial health checks
We assess LCI Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. LCI Industries has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

0DI Dividends

 What is LCI Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.08%
Current annual income from LCI Industries dividends. Estimated to be 4.28% next year.
If you bought €2,000 of LCI Industries shares you are expected to receive €82 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • LCI Industries's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • LCI Industries's dividend is below the markets top 25% of dividend payers in Germany (4.85%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:0DI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Germany Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 6.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:0DI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 2.76 1.00
2020-12-31 2.70 1.00
2020-04-07
DB:0DI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-25 2.600 3.479
2019-11-14 2.600 2.414
2019-08-27 2.600 2.784
2019-05-23 2.600 2.940
2019-02-26 2.400 2.852
2018-11-15 2.400 3.237
2018-08-16 2.400 2.891
2018-05-24 2.400 2.586
2018-03-06 2.200 2.252
2017-11-06 2.200 1.826
2017-08-07 2.000 1.853
2017-02-24 2.000 2.021
2016-11-17 2.000 1.842
2016-08-09 1.200 1.257
2016-05-26 1.200 1.411
2016-03-17 1.200 1.816
2013-11-25 2.000 3.993

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, LCI Industries has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but LCI Industries only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of LCI Industries's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess LCI Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can LCI Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. LCI Industries has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

0DI Management

 What is the CEO of LCI Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jason Lippert
COMPENSATION $5,992,695
AGE 47
TENURE AS CEO 6.9 years
CEO Bio

Mr. Jason D. Lippert has been the Chief Executive Officer of LCI Industries since May 10, 2013 and its President. Mr. Lippert has been the Chief Executive Officer at Lippert Components, Inc. since February 5, 2003. He has been the Chief Executive Officer of Kinro Inc. a subsidiary of Drew Industries Inc. since January 1, 2009. Mr. Lippert has particular knowledge of the industries to which sell Drew products, as well as extensive experience with strategic planning, acquisitions, marketing, manufacturing and sales of Drew products. He served as President of Lippert Components Inc. from February 5, 2003 to July 2010 and Kinro Inc. from January 1, 2009 to July 2010. Since May 2000, He served as an Executive Vice President and Chief Operating Officer of Lippert Components, Inc. from May 2000 to February 2003. From 1998 to 2000, Mr. Lippert served as Regional Director of Operations at Lippert Components, Inc. He has been the Chairman of Lippert Components Inc., a subsidiary of Drew Industries Inc. since January 1, 2007 and Kinro Inc. since January 1, 2009. He has been a Director of LCI Industries since May 18, 2007 and Kinro Inc. since January 1, 2009. He serves as a Director of Recreation Vehicle Industry Association, Inc. He holds a B.S.B.A from Miami University (Ohio).

CEO Compensation
  • Jason's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jason's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the LCI Industries management team in years:

3.4
Average Tenure
46
Average Age
  • The tenure for the LCI Industries management team is about average.
Management Team

Jason Lippert

TITLE
CEO, President & Director
COMPENSATION
$6M
AGE
47
TENURE
6.9 yrs

Brian Hall

TITLE
Executive VP & CFO
COMPENSATION
$801K
AGE
44
TENURE
3.4 yrs

Jamie Schnur

TITLE
Chief Administrative Officer
COMPENSATION
$1M
AGE
47

Andrew Namenye

TITLE
Executive VP & Chief Legal Officer
COMPENSATION
$869K
AGE
38
TENURE
2.4 yrs

Nick Fletcher

TITLE
Executive VP & Chief Human Resources Officer
COMPENSATION
$560K
AGE
59
TENURE
5.3 yrs

Ryan Smith

TITLE
Senior Vice President of Operations

Kip Emenhiser

TITLE
VP of Finance
AGE
45
TENURE
3.1 yrs

Andy Murray

TITLE
Chief Sales Officer
Board of Directors Tenure

Average tenure and age of the LCI Industries board of directors in years:

4.9
Average Tenure
57
Average Age
  • The tenure for the LCI Industries board of directors is about average.
Board of Directors

Jim Gero

TITLE
Chairman & Lead Director
COMPENSATION
$338K
AGE
74
TENURE
5.9 yrs

Jason Lippert

TITLE
CEO, President & Director
COMPENSATION
$6M
AGE
47
TENURE
12.9 yrs

Leigh Abrams

TITLE
Chairman Emeritus
COMPENSATION
$37K
AGE
76

Brendan Deely

TITLE
Independent Director
COMPENSATION
$252K
AGE
53
TENURE
8.6 yrs

Kieran O'Sullivan

TITLE
Independent Director
COMPENSATION
$254K
AGE
57
TENURE
4.9 yrs

Frank Crespo

TITLE
Independent Director
COMPENSATION
$252K
AGE
57
TENURE
4.9 yrs

Ginnie Henkels

TITLE
Independent Director
COMPENSATION
$247K
AGE
50
TENURE
2.6 yrs

David Reed

TITLE
Independent Director
COMPENSATION
$256K
AGE
71
TENURE
16.9 yrs

Tracy Graham

TITLE
Independent Director
COMPENSATION
$235K
AGE
46
TENURE
4.1 yrs

Ron Fenech

TITLE
Independent Director
COMPENSATION
$235K
AGE
62
TENURE
2.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by LCI Industries individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
20. Mar 20 Buy Ronald Fenech Individual 18. Mar 20 18. Mar 20 10,000 €58.94 €589,364
20. Mar 20 Buy James Gero Individual 18. Mar 20 18. Mar 20 10,000 €59.60 €596,009
11. Mar 20 Buy Ronald Fenech Individual 09. Mar 20 09. Mar 20 10,000 €72.60 €725,997
09. Mar 20 Buy James Gero Individual 05. Mar 20 05. Mar 20 10,000 €81.71 €817,116
X
Management checks
We assess LCI Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. LCI Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

0DI News

Simply Wall St News

0DI Company Info

Description

LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures and distributes a range of engineered components, such as steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; towing products; truck accessories; electronic components; and other accessories. This segment serves OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; trucks; boats; trains; manufactured homes; and modular housing, as well as travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers. The Aftermarket segment supplies various components of RV and adjacent industries to retail dealers, wholesale distributors, and service centers. This segment also sells replacement glass and awnings to fulfill insurance claims, biminis, covers, buoys, and fenders to the marine industry. The company was formerly known as Drew Industries Incorporated and changed its name to LCI Industries in December 2016. LCI Industries was incorporated in 1984 and is based in Elkhart, Indiana.

Details
Name: LCI Industries
0DI
Exchange: DB
Founded: 1984
$1,479,525,103
25,046,413
Website: http://www.lci1.com
Address: LCI Industries
3501 County Road 6 East,
Elkhart,
Indiana, 46514,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE LCII Common Stock New York Stock Exchange US USD 29. May 1985
DB 0DI Common Stock Deutsche Boerse AG DE EUR 29. May 1985
Number of employees
Current staff
Staff numbers
10,500
LCI Industries employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 00:03
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/02/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.