CAMPING WORLD HOLDINGS INC-A (CWH) Stock Fundamental Analysis
NYSE:CWH - New York Stock Exchange, Inc. - US13462K1097 - Common Stock - Currency: USD
Taking everything into account, CWH scores 3 out of 10 in our fundamental rating. CWH was compared to 121 industry peers in the Specialty Retail industry. CWH has a medium profitability rating, but doesn't score so well on its financial health evaluation. CWH is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year CWH has reported negative net income.
CWH had a positive operating cash flow in the past year.
CWH had positive earnings in 4 of the past 5 years.
CWH had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of CWH (-0.56%) is comparable to the rest of the industry.
CWH has a Return On Equity (-9.21%) which is comparable to the rest of the industry.
The Return On Invested Capital of CWH (4.49%) is comparable to the rest of the industry.
CWH had an Average Return On Invested Capital over the past 3 years of 9.05%. This is below the industry average of 13.07%.
The 3 year average ROIC (9.05%) for CWH is well above the current ROIC(4.49%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.56% | ||
| ROE | -9.21% | ||
| ROIC | 4.49% |
ROA(3y)0.9%
ROA(5y)2.56%
ROE(3y)35.24%
ROE(5y)147.64%
ROIC(3y)9.05%
ROIC(5y)13.6%
1.3 Margins
CWH's Operating Margin of 2.91% is in line compared to the rest of the industry. CWH outperforms 54.55% of its industry peers.
CWH's Operating Margin has improved in the last couple of years.
The Gross Margin of CWH (30.13%) is worse than 66.12% of its industry peers.
CWH's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.91% | ||
| PM (TTM) | N/A | ||
| GM | 30.13% |
OM growth 3Y-38.06%
OM growth 5Y9.86%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.56%
GM growth 5Y2.6%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CWH is creating some value.
CWH has more shares outstanding than it did 1 year ago.
CWH has more shares outstanding than it did 5 years ago.
The debt/assets ratio for CWH has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.70, we must say that CWH is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of CWH (1.70) is comparable to the rest of the industry.
A Debt/Equity ratio of 5.21 is on the high side and indicates that CWH has dependencies on debt financing.
The Debt to Equity ratio of CWH (5.21) is worse than 79.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.21 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.7 |
ROIC/WACC0.52
WACC8.57%
2.3 Liquidity
CWH has a Current Ratio of 1.26. This is a normal value and indicates that CWH is financially healthy and should not expect problems in meeting its short term obligations.
CWH's Current ratio of 1.26 is in line compared to the rest of the industry. CWH outperforms 44.63% of its industry peers.
A Quick Ratio of 0.19 indicates that CWH may have some problems paying its short term obligations.
The Quick ratio of CWH (0.19) is worse than 88.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.26 | ||
| 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 -148.00%.
Looking at the last year, CWH shows a small growth in Revenue. The Revenue has grown by 0.75% in the last year.
CWH shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.51% yearly.
EPS 1Y (TTM)-148%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%60%
Revenue 1Y (TTM)0.75%
Revenue growth 3Y-4.09%
Revenue growth 5Y4.51%
Sales Q2Q%3.63%
3.2 Future
CWH is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 77.90% yearly.
Based on estimates for the next years, CWH will show a small growth in Revenue. The Revenue will grow by 7.85% on average per year.
EPS Next Y297.68%
EPS Next 2Y140.06%
EPS Next 3Y77.9%
EPS Next 5YN/A
Revenue Next Year4.19%
Revenue Next 2Y5.89%
Revenue Next 3Y7.85%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
CWH reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
The Price/Forward Earnings ratio is 13.51, which indicates a correct valuation of CWH.
CWH's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CWH is cheaper than 69.42% of the companies in the same industry.
CWH is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.76, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 13.51 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as CWH.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 18.48 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as CWH's earnings are expected to grow with 77.90% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y140.06%
EPS Next 3Y77.9%
5. Dividend
5.1 Amount
CWH has a Yearly Dividend Yield of 2.71%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 4.99, CWH pays a better dividend. On top of this CWH pays more dividend than 88.43% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.37, CWH has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.71% |
5.2 History
The dividend of CWH decreases each year by -24.15%.
CWH has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-24.15%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
The earnings of CWH are negative and hence is the payout ratio. CWH will probably not be able to sustain this dividend level.
DP-94.15%
EPS Next 2Y140.06%
EPS Next 3Y77.9%
18.3
-0.53 (-2.81%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners100.81%
Inst Owner Change0%
Ins Owners1.66%
Ins Owner Change16.93%
Market Cap1.87B
Analysts82.5
Price Target21.23 (16.01%)
Short Float %13.38%
Short Ratio2.61
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.71% |
Yearly Dividend0.27
Dividend Growth(5Y)-24.15%
DP-94.15%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)17.9%
Min EPS beat(2)9.03%
Max EPS beat(2)26.77%
EPS beat(4)3
Avg EPS beat(4)6.73%
Min EPS beat(4)-23.39%
Max EPS beat(4)26.77%
EPS beat(8)5
Avg EPS beat(8)26.48%
EPS beat(12)7
Avg EPS beat(12)-96.08%
EPS beat(16)10
Avg EPS beat(16)-71.8%
Revenue beat(2)1
Avg Revenue beat(2)1.97%
Min Revenue beat(2)-1.91%
Max Revenue beat(2)5.84%
Revenue beat(4)2
Avg Revenue beat(4)0.84%
Min Revenue beat(4)-4.62%
Max Revenue beat(4)5.84%
Revenue beat(8)3
Avg Revenue beat(8)-1.34%
Revenue beat(12)6
Avg Revenue beat(12)-0.1%
Revenue beat(16)9
Avg Revenue beat(16)0.4%
PT rev (1m)6.02%
PT rev (3m)-23.55%
EPS NQ rev (1m)0.3%
EPS NQ rev (3m)-13.89%
EPS NY rev (1m)8.13%
EPS NY rev (3m)-20.36%
Revenue NQ rev (1m)0.11%
Revenue NQ rev (3m)-3.27%
Revenue NY rev (1m)-0.09%
Revenue NY rev (3m)-3.87%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 13.51 | ||
| P/S | 0.3 | ||
| P/FCF | N/A | ||
| P/OCF | 23.15 | ||
| P/B | 6.01 | ||
| P/tB | N/A | ||
| EV/EBITDA | 18.48 |
EPS(TTM)-0.12
EYN/A
EPS(NY)1.35
Fwd EY7.4%
FCF(TTM)-0.08
FCFYN/A
OCF(TTM)0.79
OCFY4.32%
SpS60.27
BVpS3.04
TBVpS-4.47
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.56% | ||
| ROE | -9.21% | ||
| ROCE | 5.68% | ||
| ROIC | 4.49% | ||
| ROICexc | 4.52% | ||
| ROICexgc | 5.98% | ||
| OM | 2.91% | ||
| PM (TTM) | N/A | ||
| GM | 30.13% | ||
| FCFM | N/A |
ROA(3y)0.9%
ROA(5y)2.56%
ROE(3y)35.24%
ROE(5y)147.64%
ROIC(3y)9.05%
ROIC(5y)13.6%
ROICexc(3y)9.42%
ROICexc(5y)14.6%
ROICexgc(3y)12.4%
ROICexgc(5y)18.76%
ROCE(3y)11.46%
ROCE(5y)17.21%
ROICexcg growth 3Y-42.69%
ROICexcg growth 5Y6.38%
ROICexc growth 3Y-43.87%
ROICexc growth 5Y5.33%
OM growth 3Y-38.06%
OM growth 5Y9.86%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.56%
GM growth 5Y2.6%
F-Score4
Asset Turnover1.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.21 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 6.14 | ||
| Cap/Depr | 104.74% | ||
| Cap/Sales | 1.44% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 30.6% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.26 | ||
| Quick Ratio | 0.19 | ||
| Altman-Z | 1.7 |
F-Score4
WACC8.57%
ROIC/WACC0.52
Cap/Depr(3y)166.76%
Cap/Depr(5y)149.83%
Cap/Sales(3y)1.96%
Cap/Sales(5y)1.65%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-148%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%60%
EPS Next Y297.68%
EPS Next 2Y140.06%
EPS Next 3Y77.9%
EPS Next 5YN/A
Revenue 1Y (TTM)0.75%
Revenue growth 3Y-4.09%
Revenue growth 5Y4.51%
Sales Q2Q%3.63%
Revenue Next Year4.19%
Revenue Next 2Y5.89%
Revenue Next 3Y7.85%
Revenue Next 5YN/A
EBIT growth 1Y-19.28%
EBIT growth 3Y-40.59%
EBIT growth 5Y14.81%
EBIT Next Year85.54%
EBIT Next 3Y41.15%
EBIT Next 5YN/A
FCF growth 1Y-101.73%
FCF growth 3Y73.34%
FCF growth 5Y-4.6%
OCF growth 1Y-86.54%
OCF growth 3Y16.76%
OCF growth 5Y-0.54%