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SPORTSMAN'S WAREHOUSE HOLDIN (SPWH) Stock Fundamental Analysis

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

3.7  -0.08 (-2.12%)

After market: 3.7 0 (0%)

Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to SPWH. 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 does not seem to be growing, but still is valued expensively.


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.
SPWH had a positive operating cash flow in 4 of the past 5 years.
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 has a worse Return On Assets (-3.90%) than 67.77% of its industry peers.
SPWH has a Return On Equity of -16.85%. This is in the lower half of the industry: SPWH underperforms 61.16% 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

Looking at the Gross Margin, with a value of 30.96%, SPWH is doing worse than 63.64% of the companies in the same industry.
SPWH's Gross Margin has declined in the last couple of years.
The Profit Margin and Operating Margin are not available for SPWH so they could not be analyzed.
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
Compared to 5 years ago, SPWH has less shares outstanding
SPWH has a better debt/assets ratio than last year.
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 1.63, we must say that SPWH is in the distress zone and has some risk of bankruptcy.
SPWH has a Altman-Z score of 1.63. This is in the lower half of the industry: SPWH underperforms 61.98% of its industry peers.
A Debt/Equity ratio of 0.77 indicates that SPWH is somewhat dependend on debt financing.
SPWH has a Debt to Equity ratio (0.77) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.77
Debt/FCF N/A
Altman-Z 1.63
ROIC/WACCN/A
WACC10.63%
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

SPWH has a Current Ratio of 1.17. This is a normal value and indicates that SPWH is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.17, SPWH is not doing good in the industry: 61.98% of the companies in the same industry are doing better.
A Quick Ratio of 0.08 indicates that SPWH may have some problems paying its short term obligations.
SPWH's Quick ratio of 0.08 is on the low side compared to the rest of the industry. SPWH is outperformed by 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

SPWH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 34.72%, which is quite impressive.
The Revenue has decreased by -4.92% in the past year.
Measured over the past years, SPWH shows a small growth in Revenue. The Revenue has been growing by 6.20% on average per year.
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 very strong growth in Earnings Per Share. The EPS will grow by 23.52% on average per year.
Based on estimates for the next years, SPWH will show a small growth in Revenue. The Revenue will grow by 1.68% on average per year.
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

4.2 Price Multiples

69.42% of the companies in the same industry are more expensive than SPWH, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 7.14
SPWH Per share dataSPWH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

A more expensive valuation may be justified as SPWH's earnings are expected to grow with 23.52% in the coming years.
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

No dividends for SPWH!.
Industry RankSector Rank
Dividend Yield N/A

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SPORTSMAN'S WAREHOUSE HOLDIN

NASDAQ:SPWH (6/18/2025, 8:00:02 PM)

After market: 3.7 0 (0%)

3.7

-0.08 (-2.12%)

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 Change3.5%
Market Cap141.67M
Analysts80
Price Target2.96 (-20%)
Short Float %3.14%
Short Ratio1.36
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)-25%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)5.66%
Revenue NQ rev (1m)0.39%
Revenue NQ rev (3m)1.44%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.82%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.12
P/FCF N/A
P/OCF 16.54
P/B 0.66
P/tB 0.66
EV/EBITDA 7.14
EPS(TTM)-0.47
EYN/A
EPS(NY)-0.2
Fwd EYN/A
FCF(TTM)-0.17
FCFYN/A
OCF(TTM)0.22
OCFY6.05%
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 1.63
F-Score4
WACC10.63%
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%