OSK Investment Analysis Report & Stock Research, Oshkosh Corp.

Oshkosh Corporation (OSK)

OSK Stock Report

2-Year Price History

View Larger OSK Chart
NYSE:OSK
$38.90
(2/9 1:32PM)
+2.4%
Open$38.42 Mkt Cap$3.4 Billion
High$39.25 52Wk High$41.99
Low$38.26 52Wk Low$4.74
Volume786,213 Avg Vol 10D2.0 Million

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OSK Revenue

For a long time, value investors have used the current share price relative to sales per share levels as an important valuation tool. We utilize a historical weighted average methodology that treats recent years more importantly in the calculation. When looking at OSK through this framework, we can see that our weighted average historical high and low Price to Sales per share ratios over the last 10 years are 0.93x and 0.44x respectively.

Utilizing this range we can see that OSK’s current Price to Sales per share ratio of 0.53x is quite a bit below what we consider a normal Price to Sales ratio for this stock. Given normal conditions and a price of $38.22, OSK is 23% below where we would expect to see it. This will beneficially factor into our final analysis of OSK as it is not often that this stock sinks to these levels.

OSK Cash Earnings

When reviewing a company and their prospects for success, it is necessary to analyze their ability to generate positive Cash Earnings. This is a vital component to our analysis, because as a long term investment research firm, there are few factors more closely tied to the valuation of a company as Cash Earnings. In the case of OSK, it appears that either the current estimate for Cash Earnings is negative or OSK is not likely to generate positive Cash Earnings based upon their prior performance in the last several quarters. Remember that Cash Earnings is not the only way to value a company's potential, but in our analysis it is the most important. Thus, for our analysis OSK receives a negative score from a Cash perspective. At Ockham, we are fond of saying "Cash is King," and in this case the company is not generating any. If a company is not able to generate a profit then there is no reason to invest in them. Unless of course you believe in the story, and hope it will eventually lead to a profitable enterprise.

OSK Dividends

When determining a company's future prospects for success, Ockham Research sees analysis of dividend payments as a key additional factor. Even though it isn't imperative for OSK to shell out a dividend in order to receive a positive rating, it can be helpful to further our analysis.

Peer Comparison

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Oshkosh Corp. Industry Grouping

(2/8/2010)
Company Ticker Market Cap (Ml) Latest
Price
Price/Cash Earnings Price/Sales 5-Yr. Rev.
Growth Rate
5-Yr.
Avg. ROE.
Current 10-Yr. Range* Current 10-Yr. Range*
Peer Company Averages (not including OSK) 20.34 3.36 » 24.60 1.46 0.39 » 2.36 4.91% 10.30%
*10 year range does not include current year values
Borg Warner Inc. BWA $4.1 Billion $35.36 25.52 1.85 » 27.04 1.10 0.26 » 1.23 11.39% 10.50%
Autoliv, Inc. ALV $3.7 Billion $43.50 16.58 2.01 » 16.60 0.74 0.12 » 0.79 4.08% 12.36%
Oshkosh Corp. OSK $3.4 Billion $37.99 -1.00 2.89 » 20.38 0.53 0.08 » 1.41 18.54% 12.35%
Navistar International Corp. NAV $2.7 Billion $38.14 3.85 1.58 » 20.16 0.23 0.09 » 0.46 3.56% -0.09%
Gentex Corp. GNTX $2.6 Billion $18.58 42.07 9.17 » 40.80 4.79 1.25 » 8.31 5.87% 13.38%
Tomkins PLC TKS $2.5 Billion $11.13 13.67 2.20 » 18.37 0.45 0.21 » 1.00 -0.37% 15.37%
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9:38A, Jan. 15,2010 OSK $38.39 Oshkosh Corp.
The Opening Bell on Fox Business

News on OSK From the Pundits on The Opening Bell on Fox Business

News has broken via the television and viral blogs regarding OSK, so investors should take an interest in learning what was said.

At the current price, value investors will want to look elsewhere for a buying opportunity as this stock has heated up and is currently Overvalued. While bearish sentiment on a stock is not always a bad thing, it is something you need to be aware of. The Motley Fool survey of crowd sentiment shows that many investors believe this stock will underperform. Ranking all stocks in terms of news coverage offers some interesting data. In the case of OSK, it is getting significantly more attention in recent news coverage than we are used to seeing.

“… The retailers-- the street was looking for 66 cents and they blew them away on the top and bottom line among other things they make OSHKOSH, the jeans you wear on the weekend. …”

12:22P, Dec. 24,2009 OSK $38.30 Oshkosh Corp.
Fox Business

Fox Business Brings News Related to Oshkosh Corporation

News has broken via the television and viral blogs regarding OSK, so investors should take an interest in learning what was said.

As we analyze the results from RazorWire, one thing we do is rank each stock in terms of amount of news coverage. Recently, OSK has been less covered in the news compared to the rest of our universe of stocks. At Ockham, we are not advising buying Oshkosh Corporation at the current price level because according to our methodology it is not supported by the fundamentals. The crowd at The Motley Fool does not like OSK and believes that it will Underperform.

“… OSHKOSH higher after the trucking company defense division received a $54 million order from the u. S. Army. That will do it to push it up to I guess 2. 5%. …”

11:11A, Dec. 24,2009 OSK $38.10 Oshkosh Corp.
Fox Business

Emerging Markets and OSK Covered on Fox Business

News related to emerging markets affecting Oshkosh Corporation today, and Fox Business discussed some recent developments.

When taking into account the amount of news coverage each stock normally sees as a percentage of the total, Oshkosh Corporation has actually sunk a bit in comparison to the others. As of this week's report, we have an Overvalued valuation on OSK because the price has gotten too high to be justified by the fundamentals. Interestingly, overall sentiment looks bearish according to the Motley Fool's CAPS survey, as most of their users see Oshkosh Corporation underperforming.

“… OSHKOSH getting a military contract and mosaic despite an upgrade to the down side right now. Take a look at health care stocks and this is as the senate approved health care ... …”

9:40A, Dec. 24,2009 OSK $37.92 Oshkosh Corp.
The Opening Bell on Fox Business

Yearly Highs and OSK Recently Discussed on The Opening Bell on Fox Business

An abnormally high price is obviously a joyous occasion for investors in that stock. See what The Opening Bell on Fox Business was talking about for OSK below.

As we analyze the results from RazorWire, one thing we do is rank each stock in terms of amount of news coverage. Recently, OSK has been less covered in the news compared to the rest of our universe of stocks. The crowd at The Motley Fool does not like OSK and believes that it will Underperform. At Ockham, we are not advising buying Oshkosh Corporation at the current price level because according to our methodology it is not supported by the fundamentals.

“… OSHKOSH truck mentioned earlier awarded another contract. These guys are cleaning up. 54 million for delivery order for armor kits. …”

9:32A, Dec. 24,2009 OSK $37.84 Oshkosh Corp.
The Opening Bell on Fox Business

The Opening Bell on Fox Business: What is Happening with Oshkosh Corporation Now?

Oshkosh Corporation is one of the thousands of companies that Ockham has news analytics on, and it was recently discussed on The Opening Bell on Fox Business.

At the current price, value investors will want to look elsewhere for a buying opportunity as this stock has heated up and is currently Overvalued. We noticed recently that in comparison to all other stocks we analyze in the news; OSK has received less coverage from the financial media in business television and blogs. While bearish sentiment on a stock is not always a bad thing, it is something you need to be aware of. The Motley Fool survey of crowd sentiment shows that many investors believe this stock will underperform.

“… And we'll watch wal-mart up 1/10 of 1% and keep an eye on OSHKOSH, the truck maker now, they make military truck making a deal with the u. S. …”

7:40P, Dec. 23,2009 OSK $37.40 Oshkosh Corp.
America's Nightly Scoreboard

Notice a Discussion Covering OSK Appeared Recently in the Financial News

The latest news from America's Nightly Scoreboard on OSK is available through Ockham's news analytics platform RazorWire.

As we analyze the results from RazorWire, one thing we do is rank each stock in terms of amount of news coverage. Recently, OSK has been less covered in the news compared to the rest of our universe of stocks. The crowd at The Motley Fool does not like OSK and believes that it will Underperform. At Ockham, we are not advising buying Oshkosh Corporation at the current price level because according to our methodology it is not supported by the fundamentals.

“… Ooo chris: take a look dozens of christmas trees all shapes and colors and sizes line the wall of the skull from OSHKOSH wisconsin and she has done this the past three years ... …”

4:58P, Dec. 22,2009 OSK $37.65 Oshkosh Corp.
Closing Bell

See More News on OSK from Closing Bell

The latest news from Closing Bell on OSK is available through Ockham's news analytics platform RazorWire.

The crowd at The Motley Fool does not like OSK and believes that it will Underperform. As we analyze the results from RazorWire, one thing we do is rank each stock in terms of amount of news coverage. Recently, OSK has been less covered in the news compared to the rest of our universe of stocks. At Ockham, we are not advising buying Oshkosh Corporation at the current price level because according to our methodology it is not supported by the fundamentals.

“… Never, ever have I gotten more hate mail than I did from little old ladies from iowa and OSHKOSH saying, how dare you. > > …”

10:46A, Dec. 22,2009 OSK $37.62 Oshkosh Corp.
Squawk On The Street

Oshkosh Corporation News Appeared on Squawk On The Street

Staying informed on the news is invaluable for investors, and RazorWire has captured a recently discussion on OSK from Squawk On The Street.

While bearish sentiment on a stock is not always a bad thing, it is something you need to be aware of. The Motley Fool survey of crowd sentiment shows that many investors believe this stock will underperform. At the current price, value investors will want to look elsewhere for a buying opportunity as this stock has heated up and is currently Overvalued. From a news flow perspective, there is nothing out of the ordinary in where OSK ranks in comparison to other stocks we follow.

“… I have been involved in a lot I have been involved in never have I gotten more hate mail than I did from little old ladies from iowa and OSHKOSH saying, how dare you, including > ... …”

4:05P, Dec. 14,2009 OSK $35.50 Oshkosh Corp.
Closing Bell

Closing Bell discussing annual events surrounding OSK

OSK was discussed in regards to 52-week news on Closing Bell, so be sure to look into this headline news a little closer.

A significant sell off of $5.46 is underway right now, so investors in OSK should pay close attention to the news. While bearish sentiment on a stock is not always a bad thing, it is something you need to be aware of. The Motley Fool survey of crowd sentiment shows that many investors believe this stock will underperform. We noticed recently that in comparison to all other stocks we analyze in the news; OSK has received less coverage from the financial media in business television and blogs. At the price level we saw when the report was issued $40.96, value investors would want to look elsewhere for a buying opportunity as this stock had heated up and was Overvalued. Thankfully, the price has started to fall a bit making it more attractive.

“… OSHKOSH was one of the industrial names that sat out. This company has a contract with the army to make talks at the gao today recommending that that -- that that deal come ... …”

2:18P, Dec. 14,2009 OSK $36.09 Oshkosh Corp.
Street Signs

Yearly Highs and OSK Recently Discussed on Street Signs

Stick with it or dump it? Street Signs discusses what an abnormally high price means for OSK's investors. Take note of Ockham's valaution on the stock as well.

At the price level we saw when the report was issued $40.96, value investors would want to look elsewhere for a buying opportunity as this stock had heated up and was Overvalued. Thankfully, the price has started to fall a bit making it more attractive. A significant sell off of $5.08 is underway right now, so investors in OSK should pay close attention to the news. While bearish sentiment on a stock is not always a bad thing, it is something you need to be aware of. The Motley Fool survey of crowd sentiment shows that many investors believe this stock will underperform. Ranking all stocks in terms of news coverage offers some interesting data. In the case of OSK, it is getting significantly more attention in recent news coverage than we are used to seeing.

“… OSHKOSH sitting it out. Gao might suggest revisiting its recent contracts with the army because of complaints by its competitors. Let head over to the nasdaq. > > thanks. …”

View All Oshkosh Corp. Stock News

Key Fundamentals

OSK - Oshkosh Corporation Fundamentals
Price (2/9 1:32PM) $38.90
Volume (2/9 1:32PM) 786,213
Last Close Price $37.99
10 Day Average Volume 2.0 Million
13 Week Price Range $33.00 - $41.99
52 Week Price Range $4.74 - $41.99
LTM Revenue $6.4 Billion
 
Shares Outstanding (09/2009) 89.5 Million
Market Capitalization $3.4 Billion
Shares Held By Institutions 56.5 Million
Institutional Holders 246
% Shares Held By Institutions 64.60%
Earnings Per Share (EPS) ($14.37)
P/E Ratio n/a
Book Value Per Share $7.67
 
Gross Margin 18.10%
Annual Dividend 0.00
Dividend Yield 0.00%
Beta 2.76
Fiscal Year Ends September

About Oshkosh Corp.

Oshkosh Corporation is considered to operate in the Consumer Goods sector. They specifically operate in the Trucks & Other Vehicles business segment contained within the Automotive industry.

The Company along with its subsidiaries designs, manufactures and markets a range of specialty vehicles and vehicle bodies including defense trucks, access equipment, fire & emergency vehicles and concrete mixers and refuse collection vehicles.