Camping World Holdings, Inc.

DB:C83 Stock Report

Market Cap: €2.3b

Camping World Holdings Valuation

Is C83 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of C83 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: C83 (€23.35) is trading above our estimate of fair value (€18.23)

Significantly Below Fair Value: C83 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for C83?

Key metric: As C83 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for C83. This is calculated by dividing C83's market cap by their current revenue.
What is C83's PS Ratio?
PS Ratio0.2x
SalesUS$6.00b
Market CapUS$2.48b

Price to Sales Ratio vs Peers

How does C83's PS Ratio compare to its peers?

The above table shows the PS ratio for C83 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.3x
AG1 AUTO1 Group
0.4x8.1%€2.5b
HBM HORNBACH Baumarkt
0.3xn/a€1.9b
DOU Douglas
0.5x6.2%€2.0b
DEX Delticom
0.07x2.7%€32.3m
C83 Camping World Holdings
0.2x7.1%€2.5b

Price-To-Sales vs Peers: C83 is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.3x).

Price to Sales Ratio vs Industry

How does C83's PS Ratio compare vs other companies in the DE Specialty Retail Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
CEC Ceconomy
0.07x1.1%US$1.56b
GFG Global Fashion Group
0.07x-0.5%US$57.20m
DEX Delticom
0.07x2.7%US$34.13m
49S Superdry
0.004x-1.4%US$3.12m
No more companies available in this PS range
C83 0.2xIndustry Avg. 0.4xNo. of Companies4PS00.40.81.21.62+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: C83 is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Specialty Retail industry average (0.4x).

Price to Sales Ratio vs Fair Ratio

What is C83's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

C83 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.4x

Price-To-Sales vs Fair Ratio: C83 is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst C83 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€23.35
€26.68
+14.3%
10.2%€33.25€21.85n/a11
Nov ’25€18.33
€26.09
+42.4%
9.4%€32.30€22.15n/a11
Oct ’25€21.53
€24.49
+13.8%
12.2%€31.43€19.76n/a11
Sep ’25€19.60
€24.23
+23.6%
12.5%€31.94€20.08n/a11
Aug ’25€20.10
€25.11
+24.9%
12.0%€32.43€20.39n/a11
Jul ’25€16.38
€26.26
+60.4%
13.2%€32.61€20.50n/a11
Jun ’25€17.91
€26.26
+46.6%
13.0%€32.51€20.44n/a11
May ’25€19.58
€27.81
+42.0%
10.8%€32.34€21.25n/a11
Apr ’25€26.00
€27.81
+7.0%
10.8%€32.34€21.25n/a11
Mar ’25€24.50
€27.81
+13.5%
10.8%€32.34€21.25n/a11
Feb ’25€22.90
€26.74
+16.7%
14.2%€32.27€17.52n/a12
Jan ’25€24.40
€24.46
+0.2%
16.7%€32.00€17.37n/a12
Dec ’24€19.25
€24.28
+26.1%
14.9%€32.68€17.74n/a11
Nov ’24€16.20
€26.31
+62.4%
15.4%€33.12€17.98€18.3310
Oct ’24€19.50
€28.92
+48.3%
10.3%€34.08€23.67€21.5311
Sep ’24€22.60
€30.62
+35.5%
11.0%€36.35€22.72€19.6010
Aug ’24€28.90
€29.64
+2.6%
13.9%€36.42€22.76€20.109
Jul ’24€27.60
€28.04
+1.6%
11.9%€32.99€22.91€16.3810
Jun ’24€24.90
€27.16
+9.1%
12.8%€32.55€23.25€17.9110
May ’24€19.95
€25.34
+27.0%
10.6%€30.99€22.79€19.5810
Apr ’24€18.05
€25.92
+43.6%
10.5%€31.34€23.05€26.009
Mar ’24€21.29
€26.71
+25.5%
10.7%€32.05€23.57€24.509
Feb ’24€23.00
€27.90
+21.3%
10.1%€34.15€23.08€22.909
Jan ’24€20.50
€31.26
+52.5%
12.0%€36.91€24.94€24.409
Dec ’23€26.03
€31.26
+20.1%
12.0%€36.91€24.94€19.259
Nov ’23€28.36
€34.42
+21.4%
17.0%€46.57€25.31€16.208

Analyst Forecast: Target price is less than 20% higher than the current share price.

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