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SPORTSMAN'S WAREHOUSE HOLDIN (SPWH) Stock Fundamental Analysis

NASDAQ:SPWH - Nasdaq - US84920Y1064 - Common Stock - Currency: USD

3.52  +0.21 (+6.34%)

Fundamental Rating

2

Taking everything into account, SPWH scores 2 out of 10 in our fundamental rating. SPWH was compared to 121 industry peers in the Specialty Retail industry. SPWH may be in some trouble as it scores bad on both profitability and health. SPWH has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year SPWH has reported negative net income.
SPWH had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: SPWH reported negative net income in multiple years.
Of the past 5 years SPWH 4 years had a positive operating cash flow.
SPWH Yearly Net Income VS EBIT VS OCF VS FCFSPWH Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M

1.2 Ratios

With a Return On Assets value of -3.90%, SPWH is not doing good in the industry: 66.94% of the companies in the same industry are doing better.
SPWH has a worse Return On Equity (-16.85%) than 60.33% of its industry peers.
Industry RankSector Rank
ROA -3.9%
ROE -16.85%
ROIC N/A
ROA(3y)-0.81%
ROA(5y)4.86%
ROE(3y)-3.72%
ROE(5y)13.6%
ROIC(3y)N/A
ROIC(5y)N/A
SPWH Yearly ROA, ROE, ROICSPWH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -500 -1K

1.3 Margins

SPWH has a worse Gross Margin (30.96%) than 62.81% of its industry peers.
SPWH's Gross Margin has declined in the last couple of years.
SPWH does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 30.96%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.69%
GM growth 5Y-1.56%
SPWH Yearly Profit, Operating, Gross MarginsSPWH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30

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2

2. Health

2.1 Basic Checks

SPWH does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, SPWH has more shares outstanding
SPWH has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, SPWH has an improved debt to assets ratio.
SPWH Yearly Shares OutstandingSPWH Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M
SPWH Yearly Total Debt VS Total AssetsSPWH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

2.2 Solvency

Based on the Altman-Z score of 1.61, we must say that SPWH is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of SPWH (1.61) is worse than 61.98% of its industry peers.
A Debt/Equity ratio of 0.77 indicates that SPWH is somewhat dependend on debt financing.
The Debt to Equity ratio of SPWH (0.77) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.77
Debt/FCF N/A
Altman-Z 1.61
ROIC/WACCN/A
WACC10.69%
SPWH Yearly LT Debt VS Equity VS FCFSPWH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M 300M

2.3 Liquidity

A Current Ratio of 1.17 indicates that SPWH should not have too much problems paying its short term obligations.
The Current ratio of SPWH (1.17) is worse than 61.16% of its industry peers.
SPWH has a Quick Ratio of 1.17. This is a bad value and indicates that SPWH is not financially healthy enough and could expect problems in meeting its short term obligations.
SPWH has a Quick ratio of 0.08. This is amonst the worse of the industry: SPWH underperforms 98.35% of its industry peers.
Industry RankSector Rank
Current Ratio 1.17
Quick Ratio 0.08
SPWH Yearly Current Assets VS Current LiabilitesSPWH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

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3

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 34.72% over the past year.
Looking at the last year, SPWH shows a decrease in Revenue. The Revenue has decreased by -4.92% in the last year.
SPWH shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.20% yearly.
EPS 1Y (TTM)34.72%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%12.77%
Revenue 1Y (TTM)-4.92%
Revenue growth 3Y-7.35%
Revenue growth 5Y6.2%
Sales Q2Q%1.99%

3.2 Future

Based on estimates for the next years, SPWH will show a quite strong growth in Earnings Per Share. The EPS will grow by 18.94% on average per year.
The Revenue is expected to grow by 0.90% on average over the next years.
EPS Next Y30.72%
EPS Next 2Y26.78%
EPS Next 3Y18.94%
EPS Next 5YN/A
Revenue Next Year2.23%
Revenue Next 2Y2.16%
Revenue Next 3Y0.9%
Revenue Next 5YN/A

3.3 Evolution

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.
SPWH Yearly Revenue VS EstimatesSPWH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B
SPWH Yearly EPS VS EstimatesSPWH Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.5 -0.5 1 1.5 2

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1

4. Valuation

4.1 Price/Earnings Ratio

SPWH reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year SPWH is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
SPWH Price Earnings VS Forward Price EarningsSPWH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SPWH indicates a somewhat cheap valuation: SPWH is cheaper than 77.69% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 6.48
SPWH Per share dataSPWH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

SPWH's earnings are expected to grow with 18.94% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y26.78%
EPS Next 3Y18.94%

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0

5. Dividend

5.1 Amount

SPWH does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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SPORTSMAN'S WAREHOUSE HOLDIN

NASDAQ:SPWH (7/3/2025, 3:52:14 PM)

3.52

+0.21 (+6.34%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)06-03 2025-06-03/amc
Earnings (Next)09-01 2025-09-01
Inst Owners65.9%
Inst Owner Change-13.41%
Ins Owners3.53%
Ins Owner Change3.43%
Market Cap134.78M
Analysts80
Price Target3.26 (-7.39%)
Short Float %1.93%
Short Ratio0.9
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)89.22%
Min EPS beat(2)15.2%
Max EPS beat(2)163.25%
EPS beat(4)3
Avg EPS beat(4)106.33%
Min EPS beat(4)-49.19%
Max EPS beat(4)296.08%
EPS beat(8)5
Avg EPS beat(8)46.75%
EPS beat(12)8
Avg EPS beat(12)33.58%
EPS beat(16)10
Avg EPS beat(16)76.56%
Revenue beat(2)2
Avg Revenue beat(2)1.89%
Min Revenue beat(2)1.25%
Max Revenue beat(2)2.54%
Revenue beat(4)3
Avg Revenue beat(4)2.23%
Min Revenue beat(4)-0.69%
Max Revenue beat(4)5.8%
Revenue beat(8)4
Avg Revenue beat(8)-0.19%
Revenue beat(12)5
Avg Revenue beat(12)-0.67%
Revenue beat(16)8
Avg Revenue beat(16)-0.14%
PT rev (1m)10.34%
PT rev (3m)-3.03%
EPS NQ rev (1m)-25%
EPS NQ rev (3m)0%
EPS NY rev (1m)10%
EPS NY rev (3m)15.09%
Revenue NQ rev (1m)0.39%
Revenue NQ rev (3m)1.44%
Revenue NY rev (1m)0.98%
Revenue NY rev (3m)1.81%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.11
P/FCF N/A
P/OCF 15.74
P/B 0.63
P/tB 0.63
EV/EBITDA 6.48
EPS(TTM)-0.47
EYN/A
EPS(NY)-0.21
Fwd EYN/A
FCF(TTM)-0.17
FCFYN/A
OCF(TTM)0.22
OCFY6.35%
SpS31.4
BVpS5.62
TBVpS5.57
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -3.9%
ROE -16.85%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 30.96%
FCFM N/A
ROA(3y)-0.81%
ROA(5y)4.86%
ROE(3y)-3.72%
ROE(5y)13.6%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.69%
GM growth 5Y-1.56%
F-Score4
Asset Turnover1.29
Health
Industry RankSector Rank
Debt/Equity 0.77
Debt/FCF N/A
Debt/EBITDA 7.3
Cap/Depr 37.68%
Cap/Sales 1.25%
Interest Coverage N/A
Cash Conversion 37.66%
Profit Quality N/A
Current Ratio 1.17
Quick Ratio 0.08
Altman-Z 1.61
F-Score4
WACC10.69%
ROIC/WACCN/A
Cap/Depr(3y)146.81%
Cap/Depr(5y)147.09%
Cap/Sales(3y)3.99%
Cap/Sales(5y)3.37%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)34.72%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%12.77%
EPS Next Y30.72%
EPS Next 2Y26.78%
EPS Next 3Y18.94%
EPS Next 5YN/A
Revenue 1Y (TTM)-4.92%
Revenue growth 3Y-7.35%
Revenue growth 5Y6.2%
Sales Q2Q%1.99%
Revenue Next Year2.23%
Revenue Next 2Y2.16%
Revenue Next 3Y0.9%
Revenue Next 5YN/A
EBIT growth 1Y36.18%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year267.19%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y86.39%
FCF growth 3YN/A
FCF growth 5Y-16.23%
OCF growth 1Y-67.8%
OCF growth 3YN/A
OCF growth 5Y-15.21%