Lci Industries

Consumer Discretionary
Auto Parts:O.E.M.
www.lci1.com

Earnings Score
Moat Score
Safety Score

Market Cap $2.26B
PE 15
Debt $941.92M
Cash $231.24M
EV $2.97B
FCF $377.89M

Earnings

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Sales & Net Margins

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Earnings	$155.76M
EBIT	$241.94M
ROE	11%
ROA	8%
FCF	$377.89M
Equity	$1.37B
Growth Stability	23%
PE	14.53
PEG	-1.07
PB	1.66
P/FCF	5.99
P/S	0.59
Price/Cash	0.1
Debt/Equity	0.69
Debt/FCF	2.49
Net Margins	5%
Gross Margins	24%
Op. Margins	6%
Earnings CAGR	4%
Sales Growth YoY	8%
Sales Growth QoQ	30%
Sales CAGR	17%
FCF CAGR	18%
Equity CAGR	14%
Earnings Stability	0.03
Earnings Growth YoY	35%
Earnings Growth QoQ	418%
Earnings CAGR 5Y	-14%

Sales CAGR 5Y	6%
FCF CAGR 5Y	28%
Equity CAGR 5Y	12%
Earnings CAGR 3Y	-14%
Sales CAGR 3Y	-14%
FCF CAGR 3Y	26%
Equity CAGR 3Y	-0%
Market Cap	$2.26B
Revenue	$3.82B
Dividend Yield	5%
Payout Ratio	72%
Assets	$3.10B
Total Debt	$941.92M
Cash	$231.24M
Shares Outstanding	25.24M
EV	2.97B
Earnings Score	6%
Moat Score	85%
Safety Score	62%
Final Score	51%
Working Capital	905.82M
Current Ratio	2.96
Gross Profit	$907.56M
Shares Growth 3y	0%
Equity Growth QoQ	-1%
Equity Growth YoY	1%

Assets & ROA

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Stockholders Equity & ROE

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LCI Industries Inc supplies domestically and internationally components for the original equipment manufacturers of recreational vehicles and adjacent industries including buses; trailers used to haul boats, livestock, equipment and other cargo. It has two reportable segments the original equipment manufacturers segment and the aftermarket segment. The OEM Segment manufactures or distributes components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment and other cargo; trucks; pontoon boats; trains; manufactured homes; and modular housing. Its products are sold primarily to major manufacturers of RVs such as Thor Industries, Forest River, Winnebago and other RV OEMs, and to manufacturers in adjacent industries.

SEC Filings

Direct access to Lci Industries (LCII) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Mar 31
2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Lci Industries compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Lci Industries compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 4%

Stability 3%

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Lci Industries Discounted Cash Flow

Fully customizable DCF calculator online for Lci Industries.

Years

Calculation mode

= $13B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$378M	$446M	$527M	$622M	$734M	$866M	$1B	$1.2B	$1.4B	$1.7B	$2B	$20B
DCF		$406M	$435M	$467M	$501M	$538M	$577M	$619M	$664M	$713M	$765M	$7.7B
Value	$13B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	09/2016	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	5%	-	8%	6%	6%	6%	6%	6%	8%	2%	4%	5%
ROA	-	-	26%	23%	16%	11%	10%	12%	17%	4%	8%	8%
ROE	-	-	24%	20%	21%	18%	17%	26%	29%	5%	10%	11%

Bad Net Margins (4.73%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	09/2016	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-	0.31	0.74	8.01	3.07	4.34	-6.54	2.42	1.82	2.31	2.49
Debt over Equity	0.11	-	0.09	0.08	0.42	0.81	0.83	1.26	0.83	0.63	0.55	0.69
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	23%	57%	23%

Neutral Debt/FCF ratio (2.49)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.69)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (23%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	09/2016	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	-	-	28%	15%	-4%	18%	60%	16%	-27%	-1%	6%
Earnings YoY growth	-	-	-	2%	12%	-1%	8%	82%	37%	-84%	123%	-14%
Equity YoY growth	-	-	-	19%	8%	13%	13%	20%	26%	-2%	2%	12%
FCF YoY growth	-	-	-	-57%	-46%	475%	-18%	-221%	-325%	-1%	-29%	28%