- Margins have significantly expanded during the global pandemic.
- Somewhat surprisingly, sales (and margins) in the EU and Latin America have more than offset tepid sales in North America, but margins were extremely strong in N/A as well.
- Yet the North America Segment should pick-up given that September home sales were at a 14-year high.
- Whirlpool has grown the dividend at an 11% CAGR over the past 10 years.
- The stock is very attractive with a low forward P/E = 11.3, a yield of 2.5%, and roughly 20% undervalued based on next year estimated EBITDA.
For further details see:
Whirlpool: Strong Margin Growth And FCF Generation Despite The Pandemic