Wabash National Corporation Common Stock (WNC)

FairStock Score: 67/100 — STEADY

Key Financials

Strengths

• Generates $317 million in annual free cash flow (90.0% yield on market cap)
• High return on equity of 75.8% demonstrating efficient capital deployment
• Attractive 3.6% dividend yield providing steady income returns

Concerns

• Currently unprofitable—sustained losses could lead to dilutive capital raises or balance sheet deterioration
• Revenue declining at 22.9% year-over-year signals potential demand weakness or market share loss
• Weak Piotroski F-Score of 2/9 suggests deteriorating financial quality across multiple dimensions
• Altman Z-Score of 0.9 places it in the financial distress zone—elevated bankruptcy risk

AI Analysis

Wabash National Corporation Common Stock is a micro-cap industrials company valued at $353 million. Revenue stands at $1.5 billion, though the company is currently unprofitable. From a quality standpoint, Wabash shows weak Piotroski F-Score of 2/9 signaling deteriorating fundamentals and distressed Altman Z-Score of 0.9 warrants caution. On valuation, the stock is deeply undervalued on a P/E basis at 1.8x, with offers a 73% margin of safety vs Graham Number of $32. Growth dynamics show revenue growing at -22.9% and profit growth of -4771.9%. The 3.6% dividend yield adds an income component for patient holders. Our composite FairStock Score of 67/100 reflects above-average fundamentals overall. Without profitability, this remains speculative—suitable only for those with high risk tolerance and a long time horizon.

Bull Case

The market underappreciates Wabash's consistent 76% ROE at just 2x earnings—a re-rating toward sector peers could unlock 30-50% upside. With $317 million in annual free cash flow (90.0% yield), management has ample capital for buybacks, dividends, or accretive acquisitions.

Bear Case

Without a clear path to profitability, continued cash burn forces either dilutive equity raises or debt accumulation that destroys shareholder value. Regulatory changes, input cost inflation, or demand normalization represent underappreciated risks that could materially impact forward estimates.

Data from SEC filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer