Camping World Holdings, Inc. Financial Ratios — CWH Stock

Profitability (USD)

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	- -	723.1	- -	- -	- -	- -	60.15	15.98	-23.49	-124.28
Return on Assets (%)	- -	21.26	13.94	13.52	1.48	0.39	-1.96	3.69	7.3	2.7	0.69	-0.79	-1.81
Return on Capital (%)	- -	39	24.03	22.12	-8.35	1.22	- -	-1.36	-1.04	-0.05	- -	- -	-6.09
Return on Invested Capital (%)	- -	39.41	24	24.68	13.73	8.07	- -	15.74	23.17	11.33	- -	- -	-3.66
Gross Margin (%)	28.12	28.32	27.42	28.26	28.99	28.44	26.32	31.26	35.53	32.47	30.17	29.93	29.47
EBITDA Margin (%)	7.64	7.96	8.06	8.58	9.06	6.13	2.98	10.03	12.77	9.41	5.46	4.14	4.3
Operating Margin (%)	6.74	7.03	7.32	7.88	8.32	5.1	1.75	9.08	11.81	8.25	4.35	2.81	2.8
Incremental Operating Margin (%)	- -	9.44	8.53	15.63	10.35	-21.86	-158.42	73.68	21.94	-453.08	41.05	78.87	2.75
Pretax Margin (%)	0.97	4.77	5.36	5.81	9.01	2.01	-1.85	7.38	10.62	6.46	0.79	-1.48	1.89
Profit Margin (%)	0.88	4.69	5.32	5.37	0.7	0.22	-1.24	2.25	4.03	1.78	0.54	-0.63	-1.41
Net Income to Common Margin (%)	0.88	4.69	5.32	5.37	0.7	0.22	-1.24	2.25	4.03	1.78	0.54	-0.63	-1.41
Effective Tax Rate (%)	8.72	1.7	0.77	2.84	40.17	31.95	- -	14.37	12.55	24.95	- -	- -	187.92
Dvd Payout Ratio (%)	- -	- -	- -	0.73	5.15	103.05	-51.7	34.98	25.94	48.62	135.67	-36.46	-32.02
Sustainable Growth Rate (%)	- -	- -	- -	- -	685.83	- -	- -	- -	- -	30.9	-5.7	-32.05	-164.07

Credit (USD)

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	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	- -	1,160	1,356	1,264	1,902	2,096	2,958	2,575	3,343	3,782	3,856	3,642	4,079
ST Debt	- -	464	651	633	984	899	921	599	1,094	1,417	1,474	1,254	1,736
LT Debt	- -	696	705	631	918	1,197	2,038	1,976	2,248	2,364	2,382	2,388	2,343
Total Debt/EBITDA	- -	5.53	5.13	4.19	4.91	7.14	20.3	4.71	3.79	5.77	11.35	14.43	14.89
Net Debt/EBITDA	- -	4.45	4.66	3.77	4.3	6.65	13.1	2.77	2.45	4.15	8.46	9.79	10.44
Total Debt/EBIT	- -	6.27	5.65	4.56	5.34	8.58	34.47	5.21	4.09	6.58	14.23	21.28	22.84
Net Debt/EBIT	- -	5.04	5.13	4.11	4.68	7.99	22.24	3.06	2.64	4.73	10.6	14.43	16.01
EBITDA to Interest Expense	2.13	3.65	4.09	4.49	5.49	2.89	1.33	7.35	14.47	5.56	1.56	1.07	1.38
EBITDA-CapEx/Interest Expense	1.56	2.93	2.98	3.65	4.32	0.39	0.52	6.2	10.31	3.77	0.64	0.64	0.11
EBIT to Interest Expense	1.87	3.22	3.71	4.13	5.04	2.4	0.78	6.65	13.38	4.88	1.24	0.73	0.9
Interest Expense	85	57	65	67	71	102	109	74	61	118	218	236	199
Common Equity/Total Assets	- -	-20.35	-22.04	0.02	0.31	-0.11	-2.45	-0.66	4.34	4.61	4.01	2.73	0.23
Long-Term Debt/Equity (%)	- -	- -	- -	- -	1,278.73	3,635.73	- -	- -	961.24	954.58	923.17	492.51	630.22
Long-Term Debt/Capital (%)	- -	75.39	66.41	54.9	47.52	57.51	74.12	78.48	62.31	57.63	57.51	60.72	55.34
Long-Term Debt/Total Assets (%)	- -	59.86	52.66	43.38	35.75	42.64	60.36	60.68	51.41	49.26	48.71	49.11	46.45
Total Debt/Equity (%)	- -	-490.16	-459.86	-877.18	2,650.4	6,366.78	-1,857.92	-27,896.56	1,429.12	1,526.74	1,494.58	751.1	1,097.08
Total Debt/Capital (%)	- -	125.63	127.79	109.92	98.49	100.7	107.62	102.28	92.63	92.17	93.1	92.6	96.34
Total Debt/Total Assets (%)	- -	99.75	101.33	86.85	74.09	74.67	87.63	79.08	76.44	78.78	78.86	74.9	80.86
Net Debt to Equity	- -	-394.38	-417.75	-789.35	2,322.62	5,930.15	-1,198.87	-16,380.86	922.84	1,098.3	1,113.85	509.31	769.28
Net Debt/Capital (%)	- -	114.85	127.11	109.82	97.64	100.49	73.38	64.3	64.6	68.48	70.05	66.3	71.17
EBITDA	180	210	264	302	388	294	146	546	883	655	340	252	274
EBITDA-CapEx	133	168	192	245	305	39	57	461	629	444	139	152	22
Operating Income (Loss)	159	185	240	277	356	244	86	494	816	575	271	171	179

Liquidity (USD)

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	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	0.17	0.11	0.13	0.17	0.11	0.11	0.16	0.17	0.07	0.02	0.12	0.1
Current Ratio	- -	1.36	1.22	1.3	1.36	1.45	1.3	1.44	1.43	1.33	1.21	1.35	1.2
Quick Ratio	- -	0.28	0.2	0.23	0.26	0.21	0.21	0.29	0.27	0.16	0.12	0.23	0.2
CFO/Avg Current Liab	- -	0.14	0.15	0.25	-0.01	0.1	0.19	0.64	0.12	0.11	0.16	0.14	-0.07
Common Equity/Total Assets	- -	-20.35	-22.04	0.02	0.31	-0.11	-2.45	-0.66	4.34	4.61	4.01	2.73	0.23
Long-Term Debt/Equity (%)	- -	- -	- -	- -	1,278.73	3,635.73	- -	- -	961.24	954.58	923.17	492.51	630.22
Long-Term Debt/Capital (%)	- -	75.39	66.41	54.9	47.52	57.51	74.12	78.48	62.31	57.63	57.51	60.72	55.34
Long-Term Debt/Total Assets (%)	- -	59.86	52.66	43.38	35.75	42.64	60.36	60.68	51.41	49.26	48.71	49.11	46.45
Total Debt/Equity (%)	- -	-490.16	-459.86	-877.18	2,650.4	6,366.78	-1,857.92	-27,896.56	1,429.12	1,526.74	1,494.58	751.1	1,097.08
Total Debt/Capital (%)	- -	125.63	127.79	109.92	98.49	100.7	107.62	102.28	92.63	92.17	93.1	92.6	96.34
Total Debt/Total Assets (%)	- -	99.75	101.33	86.85	74.09	74.67	87.63	79.08	76.44	78.78	78.86	74.9	80.86
CFO/Total Liabilities	- -	3.15	6.87	13.49	-0.65	4.91	7.13	22.89	3.72	4.17	6.71	5.6	-2.82
CFO/CapEx	0.31	1.06	1.56	3.79	-0.2	0.54	2.85	8.79	0.61	0.9	1.55	2.44	-0.52
Altman's Z-Score	- -	2.9	3.17	3.88	3.06	2.7	1.96	2.89	3.04	2.51	2.04	1.98	1.83

Working Capital (USD)

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	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	131.26	79.49	80	83.87	81.82	79.8	88.29	97.04	84.17	73.7	70.24	71.15
Days Sales Outstanding	- -	2.78	4.59	4.56	4.35	4.46	4.57	4.13	3.76	4.34	4.95	5.2	5.13
Inventory Turnover	- -	5.58	3.09	2.86	2.62	2.31	2.47	3	3.04	2.4	2.09	2.21	2.28
Days Inventory Outstanding	- -	65.39	118	127.66	139.24	158.33	147.71	121.61	119.93	151.93	174.9	165.01	159.82
Accounts Payable Turnover	- -	101.18	47.72	40.87	36.57	26.42	27.04	27.58	35.86	38.08	32.67	29.07	32.64
Accounts Payable Turnover Days	- -	3.61	7.65	8.93	9.98	13.82	13.5	13.24	10.18	9.58	11.17	12.56	11.18
Cash Conversion Cycle	- -	64.57	114.94	123.29	133.61	148.97	138.79	112.51	113.51	146.69	168.68	157.65	153.77
Inventory to Cash Days	- -	-62.61	-113.4	-123.1	-134.89	-153.87	-143.14	-117.47	-116.17	-147.6	-169.95	-159.81	-154.69
Inventories	- -	677	862	903	1,416	1,559	1,359	1,136	1,793	2,124	2,043	1,822	2,112
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	677	862	903	1,416	1,143	1,133	870	1,515	2,124	2,043	1,822	2,112
Other Inventory	- -	- -	- -	- -	- -	416	226	267	278	- -	- -	- -	- -

Enterprise Value (USD)

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	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	- -	612	1,191	424	550	1,026	1,818	946	1,172	1,012	610
- Cash & Cash Equivalents	- -	111	92	114	224	139	148	166	267	130	40	208	215
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	-114	21	-12	-127	-36	76	100	90	158	143
+ Total Debt	- -	1,160	1,356	1,264	1,902	2,096	2,958	2,575	3,343	3,782	3,856	3,642	4,079
Enterprise Value	- -	1,049	1,264	1,647	2,890	2,370	3,234	3,399	4,969	4,697	5,078	4,604	4,617
Total Capital	- -	924	1,061	1,150	1,931	2,081	2,749	2,518	3,608	4,103	4,141	3,934	4,234
Total Debt/Capital (%)	- -	125.63	127.79	109.92	98.49	100.7	107.62	102.28	92.63	92.17	93.1	92.6	96.34
Total Debt / EV	- -	1.11	1.07	0.77	0.66	0.88	0.91	0.76	0.67	0.81	0.76	0.79	0.88
EV/Sales	- -	0.4	0.39	0.47	0.68	0.49	0.66	0.62	0.72	0.67	0.82	0.75	0.72
EV/EBITDA	- -	5	4.79	5.46	7.45	8.07	22.19	6.22	5.63	7.17	14.95	18.24	16.86
EV/EBIT	- -	5.67	5.27	5.94	8.11	9.7	37.69	6.87	6.09	8.17	18.73	26.9	25.85
EV/Cash Flow to Firm	- -	10.44	7.17	5.86	111.36	11.53	8.14	4.19	23.96	16.89	9.32	10.21	- -
EV/Free Cash Flow to Firm	- -	7.39	5.1	4.87	26.7	5.15	6.66	3.79	10.78	9.59	6.81	8.35	- -
Diluted Market Cap	- -	- -	- -	2,725	1,191	1,019	551	1,042	3,626	957	2,231	1,012	610
Diluted Enterprise Value	- -	1,049	1,264	3,760	2,890	2,965	3,235	3,415	6,778	4,708	6,137	4,604	4,617
EV per Share	- -	61.35	73.88	87.78	108.55	64.07	86.69	86.31	110.41	110.82	113.78	95.91	73.61
TTM Sales	2,357	2,635	3,279	3,516	4,280	4,792	4,892	5,447	6,914	6,967	6,227	6,100	6,369
TTM EBITDA	180	210	264	302	388	294	146	546	883	655	340	252	274
TTM Operating Income	159	185	240	277	356	244	86	494	816	575	271	171	179
TTM Cash Flow to Firm	92	101	176	281	26	205	397	811	207	278	545	451	-307
TTM Free Cash Flow to Firm	139	142	248	338	108	460	485	896	461	490	745	552	-54

Multiples (USD)

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	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	- -	9.99	18.05	2.61	1.62	1.25	8.9	2.38	4.36	2.93	5.07
EV/EBIT	- -	5.67	5.27	5.94	8.11	9.7	37.69	6.87	6.09	8.17	18.73	26.9	25.85
Enterprise Value	- -	1,049	1,264	1,647	2,890	2,370	3,234	3,399	4,969	4,697	5,078	4,604	4,617
Low Price	- -	- -	- -	20.45	26.3	11.01	7.12	3.4	25.69	20.55	16.18	17.29	9.49
EV/Sales	- -	0.4	0.39	0.47	0.68	0.49	0.66	0.62	0.72	0.67	0.82	0.75	0.72
EV/EBITDA	- -	5	4.79	5.46	7.45	8.07	22.19	6.22	5.63	7.17	14.95	18.24	16.86
Price/Earnings	- -	- -	- -	3.24	39.89	40.8	- -	8.39	6.53	7.65	35.12	- -	- -
Price/Earnings Average	- -	- -	- -	2.55	31.34	93.18	-7.36	7.32	6.33	9.66	32.03	-28.29	-11.4
Price/Earnings High	- -	- -	- -	3.34	42.47	167.5	-9.93	13.68	7.95	14.28	43.97	-35.68	-17.02
Price/Earnings Low	- -	- -	- -	2.03	23.45	39.16	-4.38	1.09	4.15	7.04	21.64	-21.48	-6.63
Price/Book Value	- -	- -	- -	2,299.19	149.02	-141.74	-6.65	-47.98	9.57	4.27	5.98	7.62	52.4
Price/Book Value Average	- -	- -	- -	1,814.17	117.09	-323.73	-5.39	-41.9	9.28	5.4	5.45	8.23	87.92
Price/Book Value High	- -	- -	- -	2,369.74	158.65	-581.9	-7.27	-78.26	11.66	7.98	7.48	10.38	131.25
Price/Book Value Low	- -	- -	- -	1,442.72	87.62	-136.05	-3.21	-6.26	6.09	3.93	3.68	6.25	51.11
Price/Tangible Book Value	- -	- -	- -	-2.03	-3.78	-1.17	-0.95	-2.27	-6.48	-2.39	-2.51	-3.77	-1.55
Price/Tangible Book Value Average	- -	- -	- -	-1.61	-2.97	-2.68	-0.77	-1.98	-6.28	-3.02	-2.29	-4.07	-2.6
Price/Tangible Book Value High	- -	- -	- -	-2.1	-4.02	-4.82	-1.04	-3.7	-7.89	-4.47	-3.14	-5.13	-3.89
Price/Tangible Book Value Low	- -	- -	- -	-1.28	-2.22	-1.13	-0.46	-0.3	-4.12	-2.2	-1.55	-3.09	-1.51
Price/Sales	- -	- -	- -	0.17	0.28	0.09	0.11	0.19	0.26	0.14	0.19	0.17	0.1
Price/Sales Average	- -	- -	- -	0.14	0.22	0.2	0.09	0.16	0.26	0.17	0.17	0.18	0.16
Price/Sales High	- -	- -	- -	0.18	0.3	0.36	0.12	0.31	0.32	0.25	0.24	0.23	0.24
Price/Sales Low	- -	- -	- -	0.11	0.16	0.08	0.05	0.02	0.17	0.13	0.12	0.14	0.09
Price/Cash Flow	- -	- -	- -	2.83	-72.99	3.11	2.18	1.37	11.81	4.98	3.77	4.13	-4.62
Price/Cash Flow Average	- -	- -	- -	2.24	-57.35	7.11	1.77	1.2	11.45	6.3	3.44	4.46	-7.76
Price/Cash Flow High	- -	- -	- -	2.92	-77.7	12.78	2.39	2.24	14.38	9.31	4.72	5.62	-11.58
Price/Cash Flow Low	- -	- -	- -	1.78	-42.92	2.99	1.05	0.18	7.51	4.59	2.32	3.39	-4.51
Price/Free Cash Flow Average	- -	- -	- -	7.88	14.18	5.96	1.31	1.09	8.63	3.01	3.98	3.16	8.51
Price/Free Cash Flow High	- -	- -	- -	10.3	19.21	10.71	1.77	2.04	10.84	4.45	5.46	3.99	12.71
Price/Free Cash Flow Low	- -	- -	- -	6.27	10.61	2.5	0.78	0.16	5.66	2.19	2.69	2.4	4.95
EV/Sales Average	- -	0.4	0.39	0.43	0.62	0.61	0.64	0.6	0.71	0.71	0.8	0.77	0.79
EV/Sales High	- -	0.4	0.39	0.47	0.69	0.77	0.67	0.74	0.78	0.79	0.86	0.81	0.87
EV/Sales Low	- -	0.4	0.39	0.4	0.56	0.49	0.6	0.46	0.62	0.66	0.74	0.72	0.72
EV/EBITDA Average	- -	5	4.79	5.03	6.79	9.93	21.47	5.98	5.57	7.55	14.65	18.56	18.37
EV/EBITDA High	- -	5	4.79	5.52	7.65	12.56	22.54	7.41	6.08	8.42	15.82	19.7	20.21
EV/EBITDA Low	- -	5	4.79	4.7	6.19	8.01	20.24	4.59	4.88	7.05	13.62	17.52	16.8
EV/EBIT Average	- -	5.67	5.27	5.48	7.4	11.93	36.47	6.61	6.02	8.6	18.35	27.37	28.17
EV/EBIT High	- -	5.67	5.27	6.01	8.33	15.1	38.29	8.18	6.57	9.6	19.82	29.04	31
EV/EBIT Low	- -	5.67	5.27	5.12	6.74	9.63	34.37	5.07	5.28	8.04	17.08	25.83	25.77
Last Price	- -	- -	- -	32.59	44.73	11.47	14.74	26.05	40.4	22.32	26.26	21.08	9.73
High Price	- -	- -	- -	33.59	47.62	47.09	16.12	42.49	49.2	41.7	32.88	28.72	24.37
Enterprise Value Average	- -	1,049	1,264	1,518	2,635	2,915	3,130	3,269	4,914	4,947	4,974	4,685	5,031
Enterprise Value High	- -	1,049	1,264	1,666	2,967	3,687	3,286	4,046	5,366	5,519	5,373	4,971	5,536
Enterprise Value Low	- -	1,049	1,264	1,420	2,399	2,353	2,950	2,507	4,307	4,622	4,628	4,422	4,602

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	- -	18	18	19	37	37	37	42	44	42	45	63	63
Diluted Weighted Avg Shares	18	82	82	84	27	89	37	40	90	43	85	48	63
Basic Weighted Avg Shares	18	17	17	19	27	37	37	39	45	42	45	48	63
Revenue per Share	127.89	154.03	191.67	187.38	160.76	129.57	131.12	138.3	153.61	164.37	139.53	127.07	101.54
EBITDA per Share	9.77	12.26	15.44	16.08	14.57	7.94	3.91	13.87	19.61	15.46	7.61	5.26	4.37
Operating Income per Share	8.62	10.82	14.03	14.77	13.38	6.6	2.3	12.55	18.14	13.57	6.07	3.57	2.85
Basic EPS, GAAP	1.13	7.23	10.19	10.07	1.12	0.28	-1.62	3.11	6.19	2.92	0.75	-0.8	-1.43
Basic EPS from Cont Ops	1.13	7.23	10.19	10.58	8.67	1.77	-3.22	8.74	14.27	7.97	1.19	-1.64	-1.68
Diluted EPS, GAAP	1.13	1.51	2.12	2.26	1.12	0.12	-1.62	3.06	3.1	2.89	0.39	-0.8	-1.43
Diluted EPS from Cont Ops	1.13	1.51	2.12	2.37	8.67	0.74	-3.22	8.6	7.15	7.88	0.62	-1.64	-1.68
Dividend per Share	- -	- -	- -	0.08	0.84	3.36	2.49	5.03	5.8	6.33	2.2	0.9	0.62
Cash Flow per Share	0.79	2.58	6.56	11.5	-0.61	3.69	6.75	18.98	3.42	4.48	6.96	5.11	-2.1
Free Cash Flow per Basic Share	-1.78	0.15	2.36	8.46	-3.7	-3.19	4.38	16.82	-2.21	-0.51	2.47	3.01	-6.13
Cash & Equivalents per Share	- -	6.47	5.38	6.09	8.42	3.75	3.95	4.22	5.94	3.07	0.89	4.34	3.43
Book Value per Share	- -	-13.84	-17.24	0.01	0.3	-0.08	-2.22	-0.54	4.22	5.23	4.39	2.77	0.19
Tangible Book Value per Share	- -	-17.55	-23.93	-16.02	-11.84	-9.77	-15.44	-11.49	-6.24	-9.34	-10.46	-5.59	-6.27

Camping World Holdings, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)