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 4 out of 10 in our fundamental rating. CWH was compared to 121 industry peers in the Specialty Retail industry. While CWH is still in line with the averages on profitability rating, there are concerns on its financial health. CWH has a decent growth rate and is not valued too expensively.
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.
Each year in the past 5 years CWH had a positive operating cash flow.
1.2 Ratios
CWH's Return On Assets of -0.79% is in line compared to the rest of the industry. CWH outperforms 40.50% of its industry peers.
Looking at the Return On Equity, with a value of -11.83%, CWH is in line with its industry, outperforming 40.50% of the companies in the same industry.
CWH has a Return On Invested Capital (4.25%) which 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 13.08%.
The last Return On Invested Capital (4.25%) for CWH is well below the 3 year average (9.05%), which needs to be investigated, but indicates that CWH had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.79% | ||
| ROE | -11.83% | ||
| ROIC | 4.25% |
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
The Operating Margin of CWH (2.81%) is comparable to the rest of the industry.
CWH's Operating Margin has improved in the last couple of years.
CWH's Gross Margin of 29.93% is on the low side compared to the rest of the industry. CWH is outperformed by 65.29% of its industry peers.
In the last couple of years the Gross Margin of CWH has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.81% | ||
| PM (TTM) | N/A | ||
| GM | 29.93% |
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
CWH has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it 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.
CWH has a better debt/assets ratio than last year.
2.2 Solvency
CWH has an Altman-Z score of 1.73. This is a bad value and indicates that CWH is not financially healthy and even has some risk of bankruptcy.
CWH's Altman-Z score of 1.73 is on the low side compared to the rest of the industry. CWH is outperformed by 61.98% of its industry peers.
CWH has a debt to FCF ratio of 18.27. This is a negative value and a sign of low solvency as CWH would need 18.27 years to pay back of all of its debts.
CWH has a Debt to FCF ratio of 18.27. This is comparable to the rest of the industry: CWH outperforms 45.45% of its industry peers.
A Debt/Equity ratio of 4.97 is on the high side and indicates that CWH has dependencies on debt financing.
CWH has a worse Debt to Equity ratio (4.97) than 78.51% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.97 | ||
| Debt/FCF | 18.27 | ||
| Altman-Z | 1.73 |
ROIC/WACC0.54
WACC7.83%
2.3 Liquidity
CWH has a Current Ratio of 1.35. 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 (1.35) which is comparable to the rest of the industry.
CWH has a Quick Ratio of 1.35. This is a bad value and indicates that CWH is not financially healthy enough and could expect problems in meeting its short term obligations.
CWH's Quick ratio of 0.27 is on the low side compared to the rest of the industry. CWH is outperformed by 79.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.35 | ||
| Quick Ratio | 0.27 |
3. Growth
3.1 Past
The earnings per share for CWH have decreased strongly by -148.00% in the last year.
The Revenue has been growing slightly by 0.75% in the past year.
The Revenue has been growing slightly by 4.51% on average over the past years.
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
Based on estimates for the next years, CWH will show a very strong growth in Earnings Per Share. The EPS will grow by 82.71% on average per year.
Based on estimates for the next years, CWH will show a quite strong growth in Revenue. The Revenue will grow by 11.36% on average per year.
EPS Next Y345.69%
EPS Next 2Y150.6%
EPS Next 3Y82.71%
EPS Next 5YN/A
Revenue Next Year7.86%
Revenue Next 2Y8.01%
Revenue Next 3Y11.36%
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
The Price/Earnings Ratio is negative for CWH. In the last year negative earnings were reported.
Based on the Price/Forward Earnings ratio of 9.01, the valuation of CWH can be described as reasonable.
80.17% of the companies in the same industry are more expensive than CWH, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 20.86. CWH is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 9.01 |
4.2 Price Multiples
CWH's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, CWH is valued cheaply inside the industry as 84.30% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.19 | ||
| EV/EBITDA | 15.69 |
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.
CWH's earnings are expected to grow with 82.71% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y150.6%
EPS Next 3Y82.71%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.15%, CWH is a good candidate for dividend investing.
In the last 3 months the price of CWH has falen by -39.89%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
CWH's Dividend Yield is rather good when compared to the industry average which is at 5.39. CWH pays more dividend than 89.26% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, CWH pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.15% |
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
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-64.06%
EPS Next 2Y150.6%
EPS Next 3Y82.71%
13.88
+0.63 (+4.75%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners103.86%
Inst Owner Change0.12%
Ins Owners4.03%
Ins Owner Change16.53%
Market Cap1.42B
Analysts81.25
Price Target24.74 (78.24%)
Short Float %11.54%
Short Ratio3.43
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.15% |
Yearly Dividend0.27
Dividend Growth(5Y)-24.15%
DP-64.06%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)11.76%
Min EPS beat(2)9.03%
Max EPS beat(2)14.49%
EPS beat(4)2
Avg EPS beat(4)-0.22%
Min EPS beat(4)-23.39%
Max EPS beat(4)14.49%
EPS beat(8)5
Avg EPS beat(8)65.05%
EPS beat(12)6
Avg EPS beat(12)-99.49%
EPS beat(16)10
Avg EPS beat(16)-67.26%
Revenue beat(2)2
Avg Revenue beat(2)4.94%
Min Revenue beat(2)4.04%
Max Revenue beat(2)5.84%
Revenue beat(4)2
Avg Revenue beat(4)-0.12%
Min Revenue beat(4)-5.73%
Max Revenue beat(4)5.84%
Revenue beat(8)3
Avg Revenue beat(8)-1.13%
Revenue beat(12)7
Avg Revenue beat(12)0.09%
Revenue beat(16)10
Avg Revenue beat(16)1.66%
PT rev (1m)-12.67%
PT rev (3m)-12.91%
EPS NQ rev (1m)-0.27%
EPS NQ rev (3m)-147.92%
EPS NY rev (1m)-1.02%
EPS NY rev (3m)-8.13%
Revenue NQ rev (1m)-0.48%
Revenue NQ rev (3m)-0.62%
Revenue NY rev (1m)-0.41%
Revenue NY rev (3m)0.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 9.01 | ||
| P/S | 0.23 | ||
| P/FCF | 9.19 | ||
| P/OCF | 5.78 | ||
| P/B | 4.34 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.69 |
EPS(TTM)-0.12
EYN/A
EPS(NY)1.54
Fwd EY11.1%
FCF(TTM)1.51
FCFY10.89%
OCF(TTM)2.4
OCFY17.31%
SpS59.78
BVpS3.2
TBVpS-4.18
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.79% | ||
| ROE | -11.83% | ||
| ROCE | 5.38% | ||
| ROIC | 4.25% | ||
| ROICexc | 4.55% | ||
| ROICexgc | 6.09% | ||
| OM | 2.81% | ||
| PM (TTM) | N/A | ||
| GM | 29.93% | ||
| FCFM | 2.53% |
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-Score3
Asset Turnover1.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.97 | ||
| Debt/FCF | 18.27 | ||
| Debt/EBITDA | 6.44 | ||
| Cap/Depr | 112.06% | ||
| Cap/Sales | 1.49% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 97.14% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.35 | ||
| Quick Ratio | 0.27 | ||
| Altman-Z | 1.73 |
F-Score3
WACC7.83%
ROIC/WACC0.54
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 Y345.69%
EPS Next 2Y150.6%
EPS Next 3Y82.71%
EPS Next 5YN/A
Revenue 1Y (TTM)0.75%
Revenue growth 3Y-4.09%
Revenue growth 5Y4.51%
Sales Q2Q%3.63%
Revenue Next Year7.86%
Revenue Next 2Y8.01%
Revenue Next 3Y11.36%
Revenue Next 5YN/A
EBIT growth 1Y-36.85%
EBIT growth 3Y-40.59%
EBIT growth 5Y14.81%
EBIT Next Year95.98%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-13.14%
FCF growth 3Y73.34%
FCF growth 5Y-4.6%
OCF growth 1Y-21.12%
OCF growth 3Y16.76%
OCF growth 5Y-0.54%