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SPORTSMAN'S WAREHOUSE HOLDIN (SPWH) Stock Fundamental Analysis

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

3.44  +0.15 (+4.4%)

After market: 3.47 +0.03 (+0.87%)

Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to SPWH. SPWH was compared to 120 industry peers in the Specialty Retail industry. Both the profitability and financial health of SPWH have multiple concerns. 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

SPWH had negative earnings in the past year.
In the past year SPWH had a positive cash flow from operations.
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

SPWH's Return On Assets of -3.90% is on the low side compared to the rest of the industry. SPWH is outperformed by 67.50% of its industry peers.
With a Return On Equity value of -16.85%, SPWH is not doing good in the industry: 60.83% of the companies in the same industry are doing better.
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

Looking at the Gross Margin, with a value of 30.96%, SPWH is doing worse than 63.33% of the companies in the same industry.
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.
The debt/assets ratio for SPWH has been reduced compared to a year ago.
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 1.62, we must say that SPWH is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.62, SPWH is doing worse than 62.50% of the companies in the same industry.
A Debt/Equity ratio of 0.77 indicates that SPWH is somewhat dependend on debt financing.
SPWH has a Debt to Equity ratio of 0.77. This is comparable to the rest of the industry: SPWH outperforms 45.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.77
Debt/FCF N/A
Altman-Z 1.62
ROIC/WACCN/A
WACC10.8%
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.
SPWH's Current ratio of 1.17 is on the low side compared to the rest of the industry. SPWH is outperformed by 61.67% 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.
With a Quick ratio value of 0.08, SPWH is not doing good in the industry: 98.33% of the companies in the same industry are doing better.
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.
SPWH shows a decrease in Revenue. In the last year, the revenue decreased by -4.92%.
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

SPWH is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.52% yearly.
The Revenue is expected to grow by 1.68% on average over the next years.
EPS Next Y23.02%
EPS Next 2Y27.65%
EPS Next 3Y23.52%
EPS Next 5YN/A
Revenue Next Year1.24%
Revenue Next 2Y1.68%
Revenue Next 3YN/A
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 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.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for SPWH. No positive earnings are expected for the next year.
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 60

4.2 Price Multiples

SPWH's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. SPWH is cheaper than 75.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 6.7
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 23.52% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y27.65%
EPS Next 3Y23.52%

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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 (6/10/2025, 8:09:38 PM)

After market: 3.47 +0.03 (+0.87%)

3.44

+0.15 (+4.4%)

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 Owners76.02%
Inst Owner Change-13.41%
Ins Owners3.55%
Ins Owner Change3.36%
Market Cap131.72M
Analysts80
Price Target2.96 (-13.95%)
Short Float %3.47%
Short Ratio0.45
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)0%
PT rev (3m)-12.12%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.18%
EPS NY rev (1m)0%
EPS NY rev (3m)5.66%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.93%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.82%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.11
P/FCF N/A
P/OCF 15.38
P/B 0.61
P/tB 0.62
EV/EBITDA 6.7
EPS(TTM)-0.47
EYN/A
EPS(NY)-0.2
Fwd EYN/A
FCF(TTM)-0.17
FCFYN/A
OCF(TTM)0.22
OCFY6.5%
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 1.62
F-Score4
WACC10.8%
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 Y23.02%
EPS Next 2Y27.65%
EPS Next 3Y23.52%
EPS Next 5YN/A
Revenue 1Y (TTM)-4.92%
Revenue growth 3Y-7.35%
Revenue growth 5Y6.2%
Sales Q2Q%1.99%
Revenue Next Year1.24%
Revenue Next 2Y1.68%
Revenue Next 3YN/A
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%