CAMPING WORLD HOLDINGS INC-A (CWH) Fundamental Analysis & Valuation

NYSE:CWH • US13462K1097

7.67 USD
+0.02 (+0.26%)
Last: Mar 5, 2026, 03:48 PM

This CWH fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

Taking everything into account, CWH scores 3 out of 10 in our fundamental rating. CWH was compared to 123 industry peers in the Specialty Retail industry. CWH may be in some trouble as it scores bad on both profitability and health. CWH has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

3

1. CWH Profitability Analysis

1.1 Basic Checks

  • CWH had positive earnings in the past year.
  • In the past year CWH has reported a negative cash flow from operations.
  • In multiple years CWH reported negative net income over the last 5 years.
  • CWH had a positive operating cash flow in 4 of the past 5 years.
CWH Yearly Net Income VS EBIT VS OCF VS FCFCWH Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M

1.2 Ratios

  • CWH's Return On Assets of -1.08% is in line compared to the rest of the industry. CWH outperforms 41.46% of its industry peers.
  • The Return On Equity of CWH (-18.27%) is comparable to the rest of the industry.
  • With a decent Return On Invested Capital value of 5.86%, CWH is doing good in the industry, outperforming 60.16% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for CWH is significantly below the industry average of 13.62%.
  • The 3 year average ROIC (5.52%) for CWH is below the current ROIC(5.86%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA -1.08%
ROE -18.27%
ROIC 5.86%
ROA(3y)-0.64%
ROA(5y)1.46%
ROE(3y)-8.73%
ROE(5y)48.52%
ROIC(3y)5.52%
ROIC(5y)11.07%
CWH Yearly ROA, ROE, ROICCWH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200 -200 400 -400 -600

1.3 Margins

  • CWH has a Operating Margin (3.43%) which is in line with its industry peers.
  • CWH's Operating Margin has declined in the last couple of years.
  • With a Gross Margin value of 29.93%, CWH is not doing good in the industry: 67.48% of the companies in the same industry are doing better.
  • In the last couple of years the Gross Margin of CWH has remained more or less at the same level.
Industry RankSector Rank
OM 3.43%
PM (TTM) N/A
GM 29.93%
OM growth 3Y-30.22%
OM growth 5Y-20.94%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.18%
GM growth 5Y-1.17%
CWH Yearly Profit, Operating, Gross MarginsCWH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30

1

2. CWH Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CWH is destroying value.
  • The number of shares outstanding for CWH has been increased compared to 1 year ago.
  • The number of shares outstanding for CWH has been increased compared to 5 years ago.
  • CWH has a worse debt/assets ratio than last year.
CWH Yearly Shares OutstandingCWH Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
CWH Yearly Total Debt VS Total AssetsCWH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

2.2 Solvency

  • Based on the Altman-Z score of 1.68, we must say that CWH is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.68, CWH is in line with its industry, outperforming 40.65% of the companies in the same industry.
  • A Debt/Equity ratio of 5.36 is on the high side and indicates that CWH has dependencies on debt financing.
  • CWH has a Debt to Equity ratio of 5.36. This is in the lower half of the industry: CWH underperforms 78.05% of its industry peers.
Industry RankSector Rank
Debt/Equity 5.36
Debt/FCF N/A
Altman-Z 1.68
ROIC/WACC0.91
WACC6.44%
CWH Yearly LT Debt VS Equity VS FCFCWH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B

2.3 Liquidity

  • A Current Ratio of 1.26 indicates that CWH should not have too much problems paying its short term obligations.
  • CWH has a Current ratio (1.26) which is comparable to the rest of the industry.
  • A Quick Ratio of 0.27 indicates that CWH may have some problems paying its short term obligations.
  • The Quick ratio of CWH (0.27) is worse than 74.80% of its industry peers.
Industry RankSector Rank
Current Ratio 1.26
Quick Ratio 0.27
CWH Yearly Current Assets VS Current LiabilitesCWH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

5

3. CWH Growth Analysis

3.1 Past

  • CWH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 130.56%, which is quite impressive.
  • Measured over the past years, CWH shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -50.36% on average per year.
  • The Revenue has been growing slightly by 4.41% in the past year.
  • Measured over the past years, CWH shows a small growth in Revenue. The Revenue has been growing by 3.18% on average per year.
EPS 1Y (TTM)130.56%
EPS 3Y-70.26%
EPS 5Y-50.36%
EPS Q2Q%-55.32%
Revenue 1Y (TTM)4.41%
Revenue growth 3Y-2.95%
Revenue growth 5Y3.18%
Sales Q2Q%-2.57%

3.2 Future

  • Based on estimates for the next years, CWH will show a very strong growth in Earnings Per Share. The EPS will grow by 156.50% on average per year.
  • CWH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.93% yearly.
EPS Next Y540.13%
EPS Next 2Y209.96%
EPS Next 3Y156.5%
EPS Next 5YN/A
Revenue Next Year3.78%
Revenue Next 2Y4.84%
Revenue Next 3Y6.93%
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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
CWH Yearly Revenue VS EstimatesCWH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2B 4B 6B
CWH Yearly EPS VS EstimatesCWH Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 2 4 6

5

4. CWH Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 69.73 indicates a quite expensive valuation of CWH.
  • CWH's Price/Earnings is on the same level as the industry average.
  • CWH is valuated expensively when we compare the Price/Earnings ratio to 27.03, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 10.89, the valuation of CWH can be described as reasonable.
  • Based on the Price/Forward Earnings ratio, CWH is valued cheaper than 85.37% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 25.11. CWH is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 69.73
Fwd PE 10.89
CWH Price Earnings VS Forward Price EarningsCWH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as CWH.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 11.33
CWH Per share dataCWH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

4.3 Compensation for Growth

  • CWH's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • CWH's earnings are expected to grow with 156.50% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.13
PEG (5Y)N/A
EPS Next 2Y209.96%
EPS Next 3Y156.5%

5

5. CWH Dividend Analysis

5.1 Amount

  • CWH has a Yearly Dividend Yield of 6.55%, which is a nice return.
  • In the last 3 months the price of CWH has falen by -29.10%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • Compared to an average industry Dividend Yield of 2.33, CWH pays a better dividend. On top of this CWH pays more dividend than 94.31% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, CWH pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.55%

5.2 History

  • The dividend of CWH decreases each year by -24.15%.
  • CWH has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-24.15%
Div Incr Years0
Div Non Decr Years0
CWH Yearly Dividends per shareCWH Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2 2.5

5.3 Sustainability

  • CWH has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-57.88%
EPS Next 2Y209.96%
EPS Next 3Y156.5%
CWH Yearly Income VS Free CF VS DividendCWH Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M

CWH Fundamentals: All Metrics, Ratios and Statistics

CAMPING WORLD HOLDINGS INC-A

NYSE:CWH (3/5/2026, 3:48:09 PM)

7.67

+0.02 (+0.26%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)02-24
Earnings (Next)04-27
Inst Owners99.44%
Inst Owner Change-2.21%
Ins Owners1.4%
Ins Owner Change5%
Market Cap789.93M
Revenue(TTM)6.37B
Net Income(TTM)-54.10M
Analysts82.35
Price Target18.12 (136.25%)
Short Float %15.13%
Short Ratio3.32
Dividend
Industry RankSector Rank
Dividend Yield 6.55%
Yearly Dividend0.27
Dividend Growth(5Y)-24.15%
DP-57.88%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)16.41%
Min EPS beat(2)-8.84%
Max EPS beat(2)41.65%
EPS beat(4)3
Avg EPS beat(4)17.15%
Min EPS beat(4)-8.84%
Max EPS beat(4)41.65%
EPS beat(8)5
Avg EPS beat(8)8.87%
EPS beat(12)7
Avg EPS beat(12)-92.65%
EPS beat(16)9
Avg EPS beat(16)-70.56%
Revenue beat(2)2
Avg Revenue beat(2)3.19%
Min Revenue beat(2)2.16%
Max Revenue beat(2)4.22%
Revenue beat(4)3
Avg Revenue beat(4)2.58%
Min Revenue beat(4)-1.91%
Max Revenue beat(4)5.84%
Revenue beat(8)4
Avg Revenue beat(8)-0.08%
Revenue beat(12)6
Avg Revenue beat(12)-0.24%
Revenue beat(16)10
Avg Revenue beat(16)0.68%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-12%
EPS NY rev (1m)0%
EPS NY rev (3m)-22.86%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.09%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.27%
Valuation
Industry RankSector Rank
PE 69.73
Fwd PE 10.89
P/S 0.12
P/FCF N/A
P/OCF N/A
P/B 2.67
P/tB N/A
EV/EBITDA 11.33
EPS(TTM)0.11
EY1.43%
EPS(NY)0.7
Fwd EY9.18%
FCF(TTM)-1.7
FCFYN/A
OCF(TTM)-0.66
OCFYN/A
SpS62.14
BVpS2.88
TBVpS-4.56
PEG (NY)0.13
PEG (5Y)N/A
Graham Number2.67
Profitability
Industry RankSector Rank
ROA -1.08%
ROE -18.27%
ROCE 7.42%
ROIC 5.86%
ROICexc 6.36%
ROICexgc 8.85%
OM 3.43%
PM (TTM) N/A
GM 29.93%
FCFM N/A
ROA(3y)-0.64%
ROA(5y)1.46%
ROE(3y)-8.73%
ROE(5y)48.52%
ROIC(3y)5.52%
ROIC(5y)11.07%
ROICexc(3y)5.79%
ROICexc(5y)11.87%
ROICexgc(3y)7.88%
ROICexgc(5y)15.41%
ROCE(3y)6.99%
ROCE(5y)14.01%
ROICexgc growth 3Y-29.14%
ROICexgc growth 5Y-20.91%
ROICexc growth 3Y-31.01%
ROICexc growth 5Y-22.45%
OM growth 3Y-30.22%
OM growth 5Y-20.94%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.18%
GM growth 5Y-1.17%
F-Score3
Asset Turnover1.28
Health
Industry RankSector Rank
Debt/Equity 5.36
Debt/FCF N/A
Debt/EBITDA 5.09
Cap/Depr 114.93%
Cap/Sales 1.67%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.26
Quick Ratio 0.27
Altman-Z 1.68
F-Score3
WACC6.44%
ROIC/WACC0.91
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)130.56%
EPS 3Y-70.26%
EPS 5Y-50.36%
EPS Q2Q%-55.32%
EPS Next Y540.13%
EPS Next 2Y209.96%
EPS Next 3Y156.5%
EPS Next 5YN/A
Revenue 1Y (TTM)4.41%
Revenue growth 3Y-2.95%
Revenue growth 5Y3.18%
Sales Q2Q%-2.57%
Revenue Next Year3.78%
Revenue Next 2Y4.84%
Revenue Next 3Y6.93%
Revenue Next 5YN/A
EBIT growth 1Y28.59%
EBIT growth 3Y-32.28%
EBIT growth 5Y-18.42%
EBIT Next Year36.84%
EBIT Next 3Y27.17%
EBIT Next 5YN/A
FCF growth 1Y-342.9%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-138.71%
OCF growth 3YN/A
OCF growth 5YN/A

CAMPING WORLD HOLDINGS INC-A / CWH FAQ

What is the ChartMill fundamental rating of CAMPING WORLD HOLDINGS INC-A (CWH) stock?

ChartMill assigns a fundamental rating of 3 / 10 to CWH.


What is the valuation status of CAMPING WORLD HOLDINGS INC-A (CWH) stock?

ChartMill assigns a valuation rating of 5 / 10 to CAMPING WORLD HOLDINGS INC-A (CWH). This can be considered as Fairly Valued.


Can you provide the profitability details for CAMPING WORLD HOLDINGS INC-A?

CAMPING WORLD HOLDINGS INC-A (CWH) has a profitability rating of 3 / 10.


Can you provide the PE and PB ratios for CWH stock?

The Price/Earnings (PE) ratio for CAMPING WORLD HOLDINGS INC-A (CWH) is 69.73 and the Price/Book (PB) ratio is 2.67.


How sustainable is the dividend of CAMPING WORLD HOLDINGS INC-A (CWH) stock?

The dividend rating of CAMPING WORLD HOLDINGS INC-A (CWH) is 5 / 10 and the dividend payout ratio is -57.88%.