CAMPING WORLD HOLDINGS INC-A (CWH) Stock Fundamental Analysis
NYSE:CWH - New York Stock Exchange, Inc. - US13462K1097 - Common Stock - Currency: USD
We assign a fundamental rating of 3 out of 10 to CWH. CWH was compared to 120 industry peers in the Specialty Retail industry. There are concerns on the financial health of CWH while its profitability can be described as average. CWH is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year CWH has reported negative net income.
In the past year CWH had a positive cash flow from operations.
Of the past 5 years CWH 4 years were profitable.
CWH had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of CWH (-0.51%) is comparable to the rest of the industry.
The Return On Equity of CWH (-22.10%) is worse than 64.10% of its industry peers.
With a Return On Invested Capital value of 4.53%, CWH perfoms like the industry average, outperforming 54.70% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CWH is above the industry average of 12.30%.
The last Return On Invested Capital (4.53%) for CWH is well below the 3 year average (15.18%), which needs to be investigated, but indicates that CWH had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.51% | ||
| ROE | -22.1% | ||
| ROIC | 4.53% |
ROA(3y)3.29%
ROA(5y)2.36%
ROE(3y)97.9%
ROE(5y)N/A
ROIC(3y)15.18%
ROIC(5y)13.23%
1.3 Margins
In the last couple of years the Profit Margin of CWH has grown nicely.
CWH has a Operating Margin (2.84%) which is comparable to the rest of the industry.
CWH's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 29.84%, CWH is doing worse than 65.81% of the companies in the same industry.
CWH's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.84% | ||
| PM (TTM) | N/A | ||
| GM | 29.84% |
OM growth 3Y-21.73%
OM growth 5Y-3.1%
PM growth 3Y-39.45%
PM growth 5Y18.1%
GM growth 3Y-1.17%
GM growth 5Y1.19%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CWH is still creating some value.
The number of shares outstanding for CWH has been increased compared to 1 year ago.
Compared to 5 years ago, CWH has less shares outstanding
The debt/assets ratio for CWH is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 1.83 indicates that CWH is not a great score, but indicates only limited risk for bankruptcy at the moment.
CWH's Altman-Z score of 1.83 is in line compared to the rest of the industry. CWH outperforms 41.03% of its industry peers.
The Debt to FCF ratio of CWH is 37.93, which is on the high side as it means it would take CWH, 37.93 years of fcf income to pay off all of its debts.
CWH has a Debt to FCF ratio (37.93) which is comparable to the rest of the industry.
A Debt/Equity ratio of 15.50 is on the high side and indicates that CWH has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 15.50, CWH is doing worse than 82.91% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 15.5 | ||
| Debt/FCF | 37.93 | ||
| Altman-Z | 1.83 |
ROIC/WACC0.52
WACC8.79%
2.3 Liquidity
CWH has a Current Ratio of 1.23. This is a normal value and indicates that CWH is financially healthy and should not expect problems in meeting its short term obligations.
CWH has a Current ratio (1.23) which is in line with its industry peers.
A Quick Ratio of 0.19 indicates that CWH may have some problems paying its short term obligations.
With a Quick ratio value of 0.19, CWH is not doing good in the industry: 89.74% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.23 | ||
| Quick Ratio | 0.19 |
3. Growth
3.1 Past
CWH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -133.96%.
Measured over the past years, CWH shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -14.01% on average per year.
Looking at the last year, CWH shows a decrease in Revenue. The Revenue has decreased by -6.14% in the last year.
Measured over the past years, CWH shows a small growth in Revenue. The Revenue has been growing by 5.38% on average per year.
EPS 1Y (TTM)-133.96%
EPS 3Y-39.96%
EPS 5Y-14.01%
EPS Q2Q%-66.67%
Revenue 1Y (TTM)-6.14%
Revenue growth 3Y4.56%
Revenue growth 5Y5.38%
Sales Q2Q%-0.27%
3.2 Future
The Earnings Per Share is expected to grow by 28.42% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 3.62% on average over the next years.
EPS Next Y-159.73%
EPS Next 2Y10.65%
EPS Next 3Y28.42%
EPS Next 5YN/A
Revenue Next Year-3.89%
Revenue Next 2Y1.84%
Revenue Next 3Y3.62%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
CWH reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
A Price/Forward Earnings ratio of 21.03 indicates a rather expensive valuation of CWH.
CWH's Price/Forward Earnings ratio is in line with the industry average.
CWH's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.68.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 21.03 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CWH is valued a bit more expensive than 61.54% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CWH indicates a somewhat cheap valuation: CWH is cheaper than 64.10% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.13 | ||
| EV/EBITDA | 18.95 |
4.3 Compensation for Growth
A more expensive valuation may be justified as CWH's earnings are expected to grow with 28.42% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y10.65%
EPS Next 3Y28.42%
5. Dividend
5.1 Amount
CWH has a Yearly Dividend Yield of 2.35%. Purely for dividend investing, there may be better candidates out there.
CWH's Dividend Yield is rather good when compared to the industry average which is at 4.31. CWH pays more dividend than 84.62% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.27, CWH has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.35% |
5.2 History
The dividend of CWH decreases each year by -10.97%.
CWH has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-10.97%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
CWH has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-94.74%
EPS Next 2Y10.65%
EPS Next 3Y28.42%
20.34
-0.97 (-4.55%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners103.86%
Inst Owner Change38.4%
Ins Owners4.03%
Ins Owner Change13.4%
Market Cap2.03B
Analysts83.53
Price Target28.4 (39.63%)
Short Float %12.68%
Short Ratio5.72
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.35% |
Yearly Dividend0.79
Dividend Growth(5Y)-10.97%
DP-94.74%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-4.45%
Min EPS beat(2)-23.39%
Max EPS beat(2)14.49%
EPS beat(4)2
Avg EPS beat(4)0.59%
Min EPS beat(4)-23.39%
Max EPS beat(4)14.49%
EPS beat(8)4
Avg EPS beat(8)-147.55%
EPS beat(12)6
Avg EPS beat(12)-99.79%
EPS beat(16)10
Avg EPS beat(16)-62.65%
Revenue beat(2)1
Avg Revenue beat(2)-0.29%
Min Revenue beat(2)-4.62%
Max Revenue beat(2)4.04%
Revenue beat(4)1
Avg Revenue beat(4)-2.73%
Min Revenue beat(4)-5.73%
Max Revenue beat(4)4.04%
Revenue beat(8)3
Avg Revenue beat(8)-1.65%
Revenue beat(12)7
Avg Revenue beat(12)0.05%
Revenue beat(16)10
Avg Revenue beat(16)1.46%
PT rev (1m)0%
PT rev (3m)0.65%
EPS NQ rev (1m)1.45%
EPS NQ rev (3m)1.45%
EPS NY rev (1m)0.72%
EPS NY rev (3m)-3.89%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 21.03 | ||
| P/S | 0.34 | ||
| P/FCF | 28.13 | ||
| P/OCF | 11.51 | ||
| P/B | 18.79 | ||
| P/tB | N/A | ||
| EV/EBITDA | 18.95 |
EPS(TTM)-0.36
EYN/A
EPS(NY)0.97
Fwd EY4.76%
FCF(TTM)0.72
FCFY3.56%
OCF(TTM)1.77
OCFY8.69%
SpS60.3
BVpS1.08
TBVpS-6.48
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.51% | ||
| ROE | -22.1% | ||
| ROCE | 5.81% | ||
| ROIC | 4.53% | ||
| ROICexc | 4.57% | ||
| ROICexgc | 6.18% | ||
| OM | 2.84% | ||
| PM (TTM) | N/A | ||
| GM | 29.84% | ||
| FCFM | 1.2% |
ROA(3y)3.29%
ROA(5y)2.36%
ROE(3y)97.9%
ROE(5y)N/A
ROIC(3y)15.18%
ROIC(5y)13.23%
ROICexc(3y)16.27%
ROICexc(5y)14.21%
ROICexgc(3y)20.89%
ROICexgc(5y)18.2%
ROCE(3y)19.47%
ROCE(5y)16.96%
ROICexcg growth 3Y-25.46%
ROICexcg growth 5Y-12.81%
ROICexc growth 3Y-26.68%
ROICexc growth 5Y-11.95%
OM growth 3Y-21.73%
OM growth 5Y-3.1%
PM growth 3Y-39.45%
PM growth 5Y18.1%
GM growth 3Y-1.17%
GM growth 5Y1.19%
F-Score2
Asset Turnover1.29
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 15.5 | ||
| Debt/FCF | 37.93 | ||
| Debt/EBITDA | 6.7 | ||
| Cap/Depr | 131.61% | ||
| Cap/Sales | 1.73% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 70.55% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.23 | ||
| Quick Ratio | 0.19 | ||
| Altman-Z | 1.83 |
F-Score2
WACC8.79%
ROIC/WACC0.52
Cap/Depr(3y)191.85%
Cap/Depr(5y)146.39%
Cap/Sales(3y)2.06%
Cap/Sales(5y)1.58%
Profit Quality(3y)202.42%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-133.96%
EPS 3Y-39.96%
EPS 5Y-14.01%
EPS Q2Q%-66.67%
EPS Next Y-159.73%
EPS Next 2Y10.65%
EPS Next 3Y28.42%
EPS Next 5YN/A
Revenue 1Y (TTM)-6.14%
Revenue growth 3Y4.56%
Revenue growth 5Y5.38%
Sales Q2Q%-0.27%
Revenue Next Year-3.89%
Revenue Next 2Y1.84%
Revenue Next 3Y3.62%
Revenue Next 5YN/A
EBIT growth 1Y-42.25%
EBIT growth 3Y-18.16%
EBIT growth 5Y2.11%
EBIT Next Year-34.45%
EBIT Next 3Y16.75%
EBIT Next 5YN/A
FCF growth 1Y254.54%
FCF growth 3Y-37.17%
FCF growth 5Y130.98%
OCF growth 1Y66.08%
OCF growth 3Y-25.37%
OCF growth 5Y17.92%