DCF Tool


Camping World Holdings Inc – New Car Dealers
Camping World Holdings, headquartered in Lincolnshire, Illinois, is America's leading recreational vehicle and outdoor retailer, offering an extensive assortment of recreational vehicles for sale, RV and camping gear, RV maintenance and repair, other outdoor and active sports products, and the industry's broadest and deepest range of services, protection plans, products and resources. Since the Company's founding in 1966, Camping World has grown to become one of the most well-known destinations for everything RV, with more than 170 locations in 37 states and a comprehensive e-commerce platform.
Analysis Results
Intrinsic Value $1,247.17
Latest Price $20.94
Relative Value 98% undervalued
Thoughts on this result? Let us know.
Cash Flow (Billions)
Analysis Parameters
New Ticker
Analysis Details
Growth Rate Projection

An exponential growth model was fit to the past cash flow data, giving more weight to more recent years. This model determined a growth rate estimate of 23.0%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 3.2%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 23.0%, the cash flows for the next 5 years are projected.

The present value of each year's flow is adjusted to present value using the discount rate.

Year Future flow (billion) Present value (billion)
2023 0.866 0.84
2024 1.07 1.0
2025 1.31 1.19
2026 1.61 1.42
2027 1.98 1.7
Terminal Value

Assuming the company was sold after the projection period at an exit multiple of 30, the terminal value of the company would be 59.5 billion. This corresponds to a present value of 49.3 billion.

Intrinsic Value Per Share

The total present value of the projected cash flows is 6.15 billion. Adding in the terminal value gives a total present value of 55.5 billion.

There are presently 44.5 million outstanding shares, so the intrinsic value per share is 1247.17.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 2,483,662,000
Current Cash 130,131,000
Current Liabilities 1,872,327,000
Current Debt 1,355,414,000
Non-Cash Working Capital (NCWC) 1,836,618,000
Change in NCWC 386,265,000
EBIT 574,996,000
Tax Provision 99,084,000
Depreciation and Amortization 80,304,000
Capital Expenditure -211,476,000
Unlevered Free Cash Flow 703,514,894
Current Assets 2,283,877,000
Current Cash 267,332,000
Current Liabilities 1,598,323,000
Current Debt 1,032,131,000
Non-Cash Working Capital (NCWC) 1,450,353,000
Change in NCWC 620,852,000
EBIT 816,301,000
Tax Provision 92,124,000
Depreciation and Amortization 66,418,000
Capital Expenditure -253,506,000
Unlevered Free Cash Flow 1,147,639,209
Current Assets 1,494,225,000
Current Cash 166,072,000
Current Liabilities 1,035,521,000
Current Debt 536,869,000
Non-Cash Working Capital (NCWC) 829,501,000
Change in NCWC -279,817,000
EBIT 494,427,000
Tax Provision 57,743,000
Depreciation and Amortization 51,981,000
Capital Expenditure -85,099,000
Unlevered Free Cash Flow 110,465,429
Current Assets 1,690,681,000
Current Cash 147,521,000
Current Liabilities 1,295,954,000
Current Debt 862,112,000
Non-Cash Working Capital (NCWC) 1,109,318,000
Change in NCWC -234,149,000
EBIT 85,823,000
Tax Provision 29,582,000
Depreciation and Amortization 59,932,000
Capital Expenditure -88,356,000
Unlevered Free Cash Flow -176,750,000
Current Assets 1,888,162,000
Current Cash 138,557,000
Current Liabilities 1,305,118,000
Current Debt 898,980,000
Non-Cash Working Capital (NCWC) 1,343,467,000
Change in NCWC 104,540,000
EBIT 244,251,000
Tax Provision 30,790,000
Depreciation and Amortization 49,322,000
Capital Expenditure -254,359,000
Unlevered Free Cash Flow 65,717,160
Current Assets 1,798,907,000
Current Cash 224,163,000
Current Liabilities 1,320,169,000
Current Debt 984,352,000
Non-Cash Working Capital (NCWC) 1,238,927,000
Change in NCWC 453,496,000
EBIT 361,634,000
Tax Provision 156,982,000
Depreciation and Amortization 31,545,000
Capital Expenditure -89,515,000
Unlevered Free Cash Flow 611,579,399
Current Assets 1,132,705,000
Current Cash 114,196,000
Current Liabilities 865,937,000
Current Debt 632,859,000
Non-Cash Working Capital (NCWC) 785,431,000
Change in NCWC 38,293,000
EBIT 282,022,000
Tax Provision 5,907,000
Depreciation and Amortization 24,695,000
Capital Expenditure -56,859,000
Unlevered Free Cash Flow 280,185,655

This analysis is provided for informational purposes only and does not constitute financial or investing advice. For more information on the advantages and limitations of DCF analysis see background. This information is provided on an "as is" basis. No warranty, expressed or implied, is made regarding accuracy, adequacy, completeness, legality, reliability or usefulness of any information. By using this site you agree that under no circumstances shall Valuation Tools LLC be held liable for any loss or damage caused by information obtained from this website including any articles, data, videos, its social media accounts, or any other materials.