Camping World Stock Intrinsic Value – CAMPING WORLD Reports Second Quarter Earnings Results for FY2023
August 7, 2023
🌥️Earnings Overview
CAMPING WORLD ($NYSE:CWH) reported total revenue of USD 1900.7 million for the second quarter of FY2023, ending on August 1 2023, which was a 12.4% decrease compared to the same period in the previous year. Net income declined 66.0% from the same quarter of the previous year and amounted to USD 28.7 million.
Market Price
On Tuesday, CAMPING WORLD reported their earnings results for the second quarter of FY2023. The company’s stock opened at $31.8 and closed at $31.3, a decrease of 2.4% from the previous closing price of $32.0. This marked a slight downturn for CAMPING WORLD, as their stock had been on an upward trajectory for most of the quarter. The company attributed the decrease in stock price to a number of factors, including rising costs associated with new products and lower-than-expected sales due to the current economic climate.
Additionally, CAMPING WORLD’s CEO noted that they were also planning to increase their investments in digital marketing and technology initiatives to better reach their customer base. As the economic situation normalizes and these investments begin to pay off, CAMPING WORLD may be able to see their stock prices rise again in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Camping World. More…
| Total Revenues | Net Income | Net Margin |
| 6.52k | 39.78 | 0.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Camping World. More…
| Operations | Investing | Financing |
| 233.75 | -422.94 | 109.69 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Camping World. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.8k | 4.54k | 3.07 |
Key Ratios Snapshot
Some of the financial key ratios for Camping World are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.4% | 21.4% | 5.4% |
| FCF Margin | ROE | ROA |
| 0.4% | 164.8% | 4.6% |
Analysis – Camping World Stock Intrinsic Value
We, at GoodWhale, have conducted an in-depth analysis of the financial performance of CAMPING WORLD and derived its fair value. According to our proprietary Valuation line, the fair value of CAMPING WORLD share is approximately $30.8. Currently, the stock is trading at $31.3, a fair price that is slightly overvalued by 1.6%. More…
Peers
The company operates through three segments: Good Sam Services and Plans, RV Sales and Services, and Camping World Accessories and Services. As of 2020, the company had a total of 138 RV dealerships, 120 of which were located in the United States and 18 in Canada. The company also operates a website and mail-order catalog business. Camping World’s primary competitors are Autosports Group Ltd, Sonic Automotive Inc, and AutoCanada Inc.
– Autosports Group Ltd ($ASX:ASG)
AutoSports Group Ltd is a publicly traded company with a market capitalization of 384.92M as of 2022. The company has a return on equity of 12.91%. AutoSports Group Ltd is engaged in the business of designing, developing, and manufacturing automotive parts and accessories. The company’s products include body kits, spoilers, and other aftermarket automotive products.
– Sonic Automotive Inc ($NYSE:SAH)
Sonic Automotive Inc is a publicly traded company that operates in the automotive industry. As of 2022, the company has a market capitalization of 1.77 billion dollars and a return on equity of 32.11%. Sonic Automotive Inc is a retailer and distributor of automobiles and related products and services. The company operates in the United States, Canada, and Europe.
– AutoCanada Inc ($TSX:ACQ)
AutoCanada Inc. is one of the largest multi-location automotive dealership groups in Canada, currently operating 63 franchised dealerships. Headquartered in Edmonton, Alberta, AutoCanada currently employs approximately 4,200 people in eight provinces. The company sells new and used vehicles, and related financing, insurance, parts and repair services.
Summary
CAMPING WORLD recently reported their second quarter FY2023 earnings, and the results were not as expected. Total revenue was USD 1900.7 million, down 12.4% year-over-year, while net income was USD 28.7 million, a 66.0% decrease compared to the same period last year. Investors should be cautious when considering investing in CAMPING WORLD, as the company has seen a significant decline in both revenue and net income. Analysts should closely monitor the company’s performance in upcoming quarters to determine if these results are an outlier or if the company is in a downward trend.
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