CWH Stock Analysis: Camping World Holdings | NYSE
Auto & Truck Dealerships | NYSE, USA | Market Cap: 275m USD | 12M Return: -69.7% | US13462K1097 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 11.0M
Qual. Beats: 0
Rev. Trend: 36.2%
Qual. Beats: -2
Warnings
Tailwinds
No distinct edge detected
Seasonality 10 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Camping World Holdings (NYSE: CWH) is a U.S.-based retailer and services provider focused on the recreational vehicle (RV) industry, operating through two segments: Good Sam Services and Plans, and RV and Outdoor Retail. The company offers an extensive portfolio spanning new and used RV sales, vehicle financing, repair and maintenance, collision services, parts and accessories (including towing, electrical, appliances, and GPS products), and installation services. Beyond vehicle-related offerings, it provides extended service contracts, roadside assistance, property and casualty insurance, travel protection, travel planning and directories, publications, and operates the Coast to Coast Resorts and Good Sam Campgrounds. The company also runs the Good Sam Club membership organization, co-branded credit cards, and an RV rental platform that connects travelers with RV owners. CWH serves customers through a combination of dealerships, service centers, and online/e-commerce channels, and was founded in 1966, with its headquarters in Lincolnshire, Illinois.
As a small-cap consumer discretionary stock in the automotive retail sub-industry, CWHs business model is notable for layering membership-based services (Good Sam) and recurring revenue streams-such as extended warranties, insurance, and roadside assistance-on top of its core RV dealership operations, helping to diversify income beyond the cyclical new and used vehicle sales market. The broader U.S. RV retail sector tends to be highly sensitive to consumer confidence, fuel prices, and interest rates, given the discretionary nature of RV purchases and the financing involved.
- Used RV inventory glut pressures gross margins and turn rates
- Good Sam membership growth drives recurring services revenue
- High interest rates dampen new RV financing demand
| Net Income: -97.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 2.12 > 1.0 |
| NWC/Revenue: 7.10% < 20% (prev 8.31%; Δ -1.21% < -1%) |
| CFO/TA 0.05 > 3% & CFO 245.8m > Net Income -97.3m |
| Net Debt (4.52b) to EBITDA (489.9m): 9.23 < 3 |
| Current Ratio: 1.22 > 1.5 & < 3 |
| Outstanding Shares: last quarter (64.2m) vs 12m ago 2.28% < -2% |
| Gross Margin: 28.67% > 18% (prev 30.03%; Δ -1.36% > 0.5%) |
| Asset Turnover: 124.7% > 50% (prev 121.7%; Δ 3.03% > 0%) |
| Interest Coverage Ratio: 1.05 > 6 (EBIT TTM 393.2m / Interest Expense TTM 374.0m) |
| A: 0.09 (Total Current Assets 2.45b - Total Current Liabilities 2.01b) / Total Assets 4.86b |
| B: 0.00 (Retained Earnings 21.5m / Total Assets 4.86b) |
| C: 0.08 (EBIT TTM 393.2m / Avg Total Assets 5.03b) |
| D: 0.06 (Book Value of Equity 245.7m / Total Liabilities 4.46b) |
| Altman-Z'' = 1.20 = BB |
| DSRI: 0.54 (Receivables 162.0m/301.6m, Revenue 6.27b/6.32b) |
| GMI: 1.05 (GM 30.03% / 28.67%) |
| AQI: 0.84 (AQ_t 0.16 / AQ_t-1 0.19) |
| SGI: 0.99 (Revenue 6.27b / 6.32b) |
| TATA: -0.07 (NI -97.3m - CFO 245.8m) / TA 4.86b) |
| Beneish M = -3.47 (Cap -4..+1) = AA |
As of October 16, 2026, the stock is trading at USD 4.57 with a total of 4,292,090 shares traded. Over the past week, the price has changed by +2.01%, over one month by -20.66%, over three months by -30.34% and over the past year by -69.71%.
Current recommended Stop Loss: 3.80 (which is 16.8% or 2.4 ATR below the current price).
Camping World Holdings has received a consensus analysts rating of 4.54. Therefore, it is recommended to buy CWH.
- StrongBuy: 9
- Buy: 2
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 9.6 | 110.5% |
P/E Forward = 7.446
P/S = 0.0439
P/B = 1.3924
P/EG = 1.7
Revenue TTM = 6.27b USD
EBIT TTM = 393.2m USD
EBITDA TTM = 489.9m USD
Long Term Debt = 1.38b USD (from longTermDebt, last quarter)
Short Term Debt = 1.43b USD (from shortTermDebt, last quarter)
Debt = 4.74b USD (from shortLongTermDebtTotal, last quarter) + Leases 1.01b
Net Debt = 4.52b USD (calculated: Debt 4.74b - CCE 224.1m)
Enterprise Value = 4.80b USD (275.1m + Debt 4.74b - CCE 224.1m)
Interest Coverage Ratio = 1.05 (Ebit TTM 393.2m / Interest Expense TTM 374.0m)
EV/FCF = 95.93x (Enterprise Value 4.80b / FCF TTM 50.0m)
FCF Yield = 1.04% (FCF TTM 50.0m / Enterprise Value 4.80b)
FCF Margin = 0.80% (FCF TTM 50.0m / Revenue TTM 6.27b)
Net Margin = -1.55% (Net Income TTM -97.3m / Revenue TTM 6.27b)
Gross Margin = 28.67% ((Revenue TTM 6.27b - Cost of Revenue TTM 4.47b) / Revenue TTM)
Gross Margin QoQ = 27.84% (prev 29.78%)
Tobins Q-Ratio = 0.99 (Enterprise Value 4.80b / Total Assets 4.86b)
Interest Expense / Debt = 7.88% (Interest Expense 374.0m / Debt 4.74b)
Taxrate = 3.04% (1.37m / 45.1m)
NOPAT = 381.2m (EBIT 393.2m * (1 - 3.04%))
Current Ratio = 1.22 (Total Current Assets 2.45b / Total Current Liabilities 2.01b)
Debt / Equity = 19.31 (Debt 4.74b / totalStockholderEquity, last quarter 245.7m)
Debt / EBITDA = 9.23 (Net Debt 4.52b / EBITDA 489.9m)
Debt / FCF = 90.42 (Net Debt 4.52b / FCF TTM 50.0m)
Total Stockholder Equity = 246.4m (last 4 quarters mean from totalStockholderEquity)
RoA = -1.94% (Net Income -97.3m / Total Assets 4.86b)
RoE = -39.48% (Net Income TTM -97.3m / Total Stockholder Equity 246.4m)
RoCE = 24.21% (EBIT 393.2m / Capital Employed (Equity 246.4m + L.T.Debt 1.38b))
RoIC = 9.41% (NOPAT 381.2m / Invested Capital 4.05b)
WACC = 7.91% (E(275.1m)/V(5.02b) * Re(12.61%) + D(4.74b)/V(5.02b) * Rd(7.88%) * (1-Tc(0.03)))
Discount Rate = 12.61% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -21.43 | Cagr: -11.78%
[DCF] Terminal Value 75.44% ; FCFF base≈50.0m ; Y1≈50.2m ; Y5≈53.2m
[DCF] Fair Price = N/A (negative equity: EV 827.1m - Net Debt 4.52b = -3.69b; debt exceeds intrinsic value)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.19 | # QB: 0
Revenue Correlation: 36.22 | Revenue CAGR: 0.94% | SUE: -0.88 | # QB: -2
EPS current Quarter (2026-09-30): EPS=0.18 | Chg30d=-26.34% | Revisions=-25% | Analysts=10
EPS current Year (2026-12-31): EPS=0.27 | Chg30d=-18.16% | Revisions=-57% | GrowthEPS=+40.1% | GrowthRev=-4.4%
EPS next Year (2027-12-31): EPS=0.64 | Chg30d=-22.43% | Revisions=-57% | GrowthEPS=+140.5% | GrowthRev=+5.7%
[Analyst] Revisions Ratio: -75% (up=0, down=9)