Added to YB: 2026-09-17
Pitch date: 2026-09-14
SPWH [bullish]
Sportsman's Warehouse Holdings, Inc.
Author Info
No bio for this author
Company Info
Sportsman's Warehouse Holdings, Inc., together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States.
Market Cap
$45.4M
Pitch Price
N/A
Price Target
4.92
Dividend
N/A
EV/EBITDA
4.60
P/E
-0.93
EV/Sales
0.45
Sector
Specialty Retail
Category
turnaround
Sportsman’s Warehouse (SPWH) is wrongly priced for bankruptcy. At 0.86x liquidation value, and 2x midcycle FCF, it is too cheap to ignore.
SPWH: Sportsman’s Warehouse is priced for bankruptcy at $1.16 despite $73M of borrowing availability before its key covenant and no debt maturities until 2031. Rightsized inventory and positive same-store sales support a turnaround, led first by recovery in gun and ammunition demand. The $4.92 target implies roughly 300% upside versus an estimated $1 orderly-liquidation value, though the biggest concern is customers buying only low-margin products in stores.
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