Sportsman’s Warehouse Intrinsic Stock Value – SPORTSMAN’S WAREHOUSE Announces FY2024 Q1 Earnings Results for May 30 2023
June 12, 2023
🌥️Earnings Overview
On April 30 2023, SPORTSMAN’S WAREHOUSE ($NASDAQ:SPWH) reported its financial results for the first quarter of FY2024 ending May 30 2023. Total revenue for the quarter was USD 267.5 million, a 13.6% decline compared to the same period in the prior year. Net income for the quarter was USD -15.6 million, versus a profit of 2.0 million in the preceding year.
Share Price
Sportsman’s Warehouse reported its earnings results for the first quarter of fiscal year 2024 (May 30 2023) on Tuesday. The company’s stock opened at $5.6 and closed at $5.5, marking a 0.9% decrease from the previous closing price of $5.5. Despite some initial losses, Sportsman’s Warehouse is maintaining a strong presence in the market, with its stock continuing to perform well overall. The company took a few hard hits during the pandemic, but it has managed to stay afloat thanks to its ability to adapt and adjust its operations quickly. In response to the crisis, it made necessary investments in its inventory, resulting in increased revenue and improved customer service.
Sportsman’s Warehouse also saw success with the launch of its new e-commerce platform, which allowed customers to shop online for their outdoor gear and apparel. The new platform has been a great success, leading to an overall increase in profits for the company. Despite the tough year, Sportsman’s Warehouse is optimistic about the future and is committed to continuing to provide quality products and service to its customers. With the right strategies in place, Sportsman Warehouse is confident that it will remain a leader in outdoor gear and apparel retail. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sportsman’s Warehouse. More…
| Total Revenues | Net Income | Net Margin |
| 1.36k | 22.88 | 1.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sportsman’s Warehouse. More…
| Operations | Investing | Financing |
| 26.65 | -71.34 | -9.97 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sportsman’s Warehouse. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 981.7 | 705.11 | 7.32 |
Key Ratios Snapshot
Some of the financial key ratios for Sportsman’s Warehouse are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.3% | -2.0% | 2.7% |
| FCF Margin | ROE | ROA |
| -3.5% | 7.9% | 2.3% |
Analysis – Sportsman’s Warehouse Intrinsic Stock Value
At GoodWhale, we have conducted an in-depth analysis of SPORTSMAN’S WAREHOUSE‘s wellbeing. After careful consideration of the company’s financials, growth prospects, and industry data, we have determined that the fair value of SPORTSMAN’S WAREHOUSE’s shares is around $17.3, using our proprietary Valuation Line. Yet, despite this, SPORTSMAN’S WAREHOUSE’s stock is currently being traded at $5.5, representing a staggering 68.1% discount to its fair value. We believe this presents a great opportunity to investors who can take advantage of this significant undervaluation. More…
Peers
Headquartered in Midvale, Utah, the company operates over 90 stores across the United States. Sportsman’s Warehouse offers a wide range of sporting goods and outdoor products, including hunting, fishing, camping, and hiking gear, as well as apparel and footwear. The company’s competitors include Dick’s Sporting Goods Inc, Big 5 Sporting Goods Corp, and Hibbett Inc.
– Dick’s Sporting Goods Inc ($NYSE:DKS)
Dicks Sporting Goods is an American sporting goods retailer headquartered in Coraopolis, Pennsylvania. The company was founded in 1948 by Richard “Dick” Stack. As of 2019, it operates more than 850 stores in 47 states. The company offers a wide range of products, including apparel, footwear, and equipment for sports and fitness activities.
– Big 5 Sporting Goods Corp ($NASDAQ:BGFV)
Big 5 Sporting Goods Corp is a retailer of sporting goods and apparel in the United States. The company has a market cap of 280.08M as of 2022 and a Return on Equity of 19.14%. The company operates stores under the Big 5 Sporting Goods, Big 5 Sporting Goods Outlet, and Big 5 Trading Post banners. The company offers a wide variety of products, including athletic shoes, apparel, and accessories, as well as a variety of outdoor and recreational equipment.
– Hibbett Inc ($NASDAQ:HIBB)
Hibbett, Inc. is a publicly traded company with a market capitalization of 780.18 million as of 2022. The company operates in the retail sector and focuses on selling sporting goods and apparel. Hibbett has a return on equity of 27.86%.
Summary
Investors in SPORTSMAN’S WAREHOUSE should be cautious as the company recently reported total revenue of USD 267.5 million, a 13.6% decrease year-on-year, for FY2024 Q1 ending May 30 2023. Furthermore, net income for the quarter was reported at USD -15.6 million, compared to a profit of 2.0 million in the prior year. Although the company has been driving initiatives to increase profitability, it appears that the efforts have not been reflected in its financial results. Going forward, investors should continue to monitor the company’s performance closely in order to assess if the strategies being implemented are successful.
