Whirlpool Corp /De/ (NYSE: WHR)

Sector: Consumer Cyclical Industry: Furnishings, Fixtures & Appliances CIK: 0000106640
Market Cap 4.88 Bn
P/B 1.79
P/E 15.36
P/S 0.31
ROIC (Qtr) 6.07
Div Yield % 6.08
Rev 1y % (Qtr) -0.92
Total Debt (Qtr) 7.19 Bn
Debt/Equity (Qtr) 2.64
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About

Whirlpool Corporation, commonly known as Whirlpool, is a prominent player in the home appliances industry, with its stock symbol being WHR. The company has been in operation for over a century, dedicating its mission to enhancing life at home through innovative products and services. Whirlpool's primary business activities encompass the design, manufacture, and distribution of a broad spectrum of home appliances, including laundry appliances, refrigerators and freezers, cooking appliances, and dishwashers. Whirlpool's revenue generation is primarily...

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Investment thesis

Bull case

  • Operating cash flow of 470M provides exceptional 20.43x coverage of minority interest expenses 23M, showing strong core operations.
  • Tangible assets of 10.34B provide robust 5.52x coverage of other current liabilities 1.87B, indicating strong asset backing.
  • Cash position of 669M provides exceptional 29.09x coverage of minority interest expenses 23M, indicating strong liquidity.
  • Cash reserves of 669M provide solid 1.28x coverage of other non-current liabilities 521M, indicating strong liquidity.
  • Tangible assets of 10.34B provide robust 8.10x coverage of receivables 1.28B, showing strong asset quality.

Bear case

  • Operating cash flow of 470M barely covers its investment activities of (504M), with a coverage ratio of -0.93, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • With cash reserves of 669M against inventory of 2.31B, the 0.29 cash-to-inventory ratio suggests potential liquidity risks if inventory turnover slows, particularly concerning given current supply chain volatilities.
  • Operating cash flow of 470M provides thin coverage of dividend payments of (300M) with a -1.57 ratio, suggesting potential dividend sustainability issues if operational performance deteriorates.
  • Cash reserves of 669M provide limited coverage of acquisition spending of (129M), which is -5.19x, suggesting aggressive expansion might strain liquidity if market conditions deteriorate.
  • The company's operating cash flow of 470M shows concerning coverage of stock compensation expenses of 137M, with a 3.43 ratio indicating potential earnings quality issues.

Product and Service Breakdown of Revenue (2025)

Segment Reporting Information, by Segment Breakdown of Revenue (2025)

Peer comparison

Companies in the Furnishings, Fixtures & Appliances
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 SGI Somnigroup International Inc. 18.99 Bn 125.40 7.03 6.62 Bn
2 SN SharkNinja, Inc. 18.48 Bn 32.14 3.04 0.89 Bn
3 MHK Mohawk Industries Inc 8.23 Bn 19.54 0.77 2.34 Bn
4 PATK Patrick Industries Inc 5.10 Bn 175.24 10.70 1.53 Bn
5 WHR Whirlpool Corp /De/ 4.88 Bn 15.36 0.31 7.19 Bn
6 HNI Hni Corp 2.23 Bn 44.66 1.16 0.46 Bn
7 TILE Interface Inc 2.17 Bn 30.23 2.24 0.39 Bn
8 LEG Leggett & Platt Inc 1.59 Bn 5.64 0.39 1.66 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.76 0.98
EV to Cash from Ops. EV/CFO 26.01 -9.92
EV to Debt EV to Debt 1.70 25.70
EV to EBIT EV/EBIT 15.26 17.69
EV to EBITDA EV/EBITDA 10.40 15.96
EV to Free Cash Flow [EV/FCF] EV/FCF 150.93 17.28
EV to Market Cap EV to Market Cap 2.50 1.76
EV to Revenue EV/Rev 0.79 1.40
Price to Book Value [P/B] P/B 1.79 9.34
Price to Earnings [P/E] P/E 15.36 16.89
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Div Coverage (Qtr) 1.06 1.74
Dividend Payout Ratio % Div Payout % (Qtr) 93.30 9.37
Dividend per Basic Share Div per Share (Qtr) 5.30 0.51
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 366.53 28.74
Interest Coverage Int. cover (Qtr) 2.35 -23.23
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) 13.75 -9.80
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) -47.53 70.23
Dividend Growth (1y) % Div 1y % (Qtr) -24.29 0.00
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 1,092.43 -367.80
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 147.58 -34.93
EBIT Growth (1y) % EBIT 1y % (Qtr) 1,680.00 -198.55
EBT Growth (1y) % EBT 1y % (Qtr) 246.96 -72.49
EPS Growth (1y) % EPS 1y % (Qtr) 196.76 -131.79
FCF Growth (1y) % FCF 1y % (Qtr) -78.91 0.53
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) -7.56 -2.36
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.97 1.16
Cash Payout Ratio Cash Payout (Qtr) 0.35 0.13
Cash Ratio Cash Ratio (Qtr) 0.10 0.30
Current Ratio Curr Ratio (Qtr) 0.76 1.96
Debt to Equity Ratio Debt/Equity (Qtr) 2.64 0.57
Interest Cover Ratio Int Coverage (Qtr) 2.35 -23.23
Times Interest Earned Times Interest Earned (Qtr) 2.35 -23.23
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) 7.30 -2.26
EBIT Margin % EBIT Margin % (Qtr) 5.16 -4.46
EBT Margin % EBT Margin % (Qtr) 2.96 -7.49
Gross Margin % Gross Margin % (Qtr) 15.40 33.73
Net Profit Margin % Net Margin % (Qtr) 2.00 -8.04