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Wabash National Corporation (WNC)



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Upturn Advisory Summary
06/30/2025: WNC (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Year Target Price $12.75
Year Target Price $12.75
1 | Strong Buy |
0 | Buy |
1 | Hold |
0 | Under performing |
0 | Sell |
Analysis of Past Performance
Type Stock | Historic Profit -25.42% | Avg. Invested days 19 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 450.52M USD | Price to earnings Ratio - | 1Y Target Price 12.75 |
Price to earnings Ratio - | 1Y Target Price 12.75 | ||
Volume (30-day avg) 2 | Beta 1.61 | 52 Weeks Range 6.78 - 23.64 | Updated Date 06/30/2025 |
52 Weeks Range 6.78 - 23.64 | Updated Date 06/30/2025 | ||
Dividends yield (FY) 2.97% | Basic EPS (TTM) -1.43 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -3.93% | Operating Margin (TTM) 82.58% |
Management Effectiveness
Return on Assets (TTM) -3.16% | Return on Equity (TTM) -14.75% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 799148717 | Price to Sales(TTM) 0.25 |
Enterprise Value 799148717 | Price to Sales(TTM) 0.25 | ||
Enterprise Value to Revenue 0.44 | Enterprise Value to EBITDA 4.55 | Shares Outstanding 41870100 | Shares Floating 40846835 |
Shares Outstanding 41870100 | Shares Floating 40846835 | ||
Percent Insiders 4.2 | Percent Institutions 103.69 |
Analyst Ratings
Rating 2 | Target Price 12.75 | 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. It has grown to become a leading manufacturer of semi-trailers and truck bodies in North America. Key milestones include expansion into different product lines and strategic acquisitions.
Core Business Areas
- Commercial Trailer Products: This segment designs, manufactures, and markets a diverse range of semi-trailers, including dry van, refrigerated, platform, and dump trailers. They cater to various industries, including transportation, logistics, and retail.
- Diversified Products Group: This segment focuses on engineered products and solutions, including truck bodies, process and storage systems, and aerospace and defense products. It serves industries like transportation, food and beverage, and aerospace.
- Final Mile Products: This segment manufactures truck bodies designed specifically for last-mile delivery applications. Includes dry freight and refrigerated options.
Leadership and Structure
Brent Yeagy is the President and CEO. The organizational structure comprises various departments including operations, finance, sales, and engineering.
Top Products and Market Share
Key Offerings
- Dry Van Trailers: Dry van trailers are a core product, used for hauling general freight. Wabash National holds a significant market share in North America, estimated to be around 20-25%. Competitors include Hyundai Translead, Great Dane, and Utility Trailer Manufacturing Co. Revenue contributions are estimated to be over $1 billion annually.
- Refrigerated Trailers: Refrigerated trailers (reefers) are designed for temperature-sensitive cargo. Wabash National competes with Utility Trailer, Great Dane, and Hyundai Translead in this segment. Market share is comparable to dry vans. Revenue contributions are substantial, potentially exceeding $500 million annually.
- Truck Bodies: Truck bodies, specifically those designed for final mile solutions (dry freight and refrigerated), compete with Morgan Olson, Reading, and Supreme. Market share is growing in the final mile application sector. Revenues contributions exceed $300 million annually.
Market Dynamics
Industry Overview
The semi-trailer and truck body manufacturing industry is influenced by factors like freight demand, economic conditions, fuel prices, and government regulations. Increasing demand for e-commerce and last-mile delivery is driving growth in the truck body segment.
Positioning
Wabash National is a leading player in the North American semi-trailer and truck body market. Its competitive advantages include a strong brand reputation, a wide product portfolio, and a large manufacturing footprint.
Total Addressable Market (TAM)
The TAM for semi-trailers and truck bodies in North America is estimated to be tens of billions of dollars annually. Wabash National's is well positioned to capture a substantial portion of this TAM through innovation and strategic partnerships.
Upturn SWOT Analysis
Strengths
- Strong brand recognition
- Extensive product portfolio
- Large manufacturing capacity
- Established distribution network
- Focus on innovation and technology
Weaknesses
- Exposure to cyclical freight demand
- Dependence on raw material prices
- Potential for labor shortages
- Intense competition in certain segments
Opportunities
- Growth in e-commerce and last-mile delivery
- Expansion into new geographic markets
- Development of advanced trailer technologies
- Increased demand for refrigerated transportation
- Strategic acquisitions
Threats
- Economic downturns
- Fluctuations in freight rates
- Rising raw material costs
- Increased government regulations
- Technological disruption
Competitors and Market Share
Key Competitors
- GD
- WNC
- HYMTF
Competitive Landscape
Wabash National's advantages include a strong brand, a wide product range, and a large manufacturing capacity. Disadvantages include exposure to cyclical freight demand and intense competition.
Major Acquisitions
Supreme Industries
- Year: 2017
- Acquisition Price (USD millions): 364
- 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 influenced by cyclical freight demand and strategic initiatives.
Future Projections: Analyst estimates suggest continued growth, driven by demand for semi-trailers and truck bodies.
Recent Initiatives: Recent strategic initiatives include investments in advanced technologies and expansion into new markets.
Summary
Wabash National is a major player in the semi-trailer and truck body industry, benefiting from a strong brand and diverse product portfolio. It faces cyclical freight demand and intense competition. Opportunities lie in e-commerce growth, new technologies, and geographic expansion. Wabash National must manage raw material costs and regulatory changes.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company reports
- Industry analysis reports
- Financial news sources
- Market research reports
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market conditions and company performance are subject to change.
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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