DCF Tool


Camping World Holdings Inc – New Car Dealers
both founded in 1966, camping world is america’s #1 source for rvs, camping accessories, rv maintenance and repair and the good sam club is the world’s largest rv owners organization with 1.3 million members offering discounts at the club’s nationwide network of 1,700 good sam parks and resorts, vacation planning, roadside assistance and more to serve the outdoor enthusiast! partnered together, camping world and good sam club offer more to those who love the rv lifestyle! camping world features over 10,000 quality rv parts and accessories located at over 85 supercenters nationwide and easy online and catalog shopping as well as stocking a wide selection of new and used travel trailers and motorhomes from top rv manufacturers. in addition to rv sales, camping world offers rv and tow vehicle service and maintenance; collision centers; detail and refurbishment centers known as the rv spa; rv rentals, technical advice from knowledgeable experts and hard to find parts. camping world also
Analysis Results
Intrinsic Value $1,129.86
Latest Price $19.74
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 4.9%. 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 0.826
2024 1.07 0.968
2025 1.31 1.13
2026 1.61 1.33
2027 1.98 1.56
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 44.5 billion.

Intrinsic Value Per Share

The total present value of the projected cash flows is 5.81 billion. Adding in the terminal value gives a total present value of 50.3 billion.

There are presently 44.6 million outstanding shares, so the intrinsic value per share is 1129.86.

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

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