Sportsman's Warehouse Holdings Inc. (SPWH) exhibits 30.9% gross margins and -12.8% return on invested capital within Consumer Discretionary (Other Specialty Stores), balanced against a 24.0x enterprise multiple and 4.8% implied options volatility.
Sustained 30.9% gross profitability converts into -3.1% operating margin and -12.8% ROIC, outpacing sector cost of capital.
ROIC: -12.8% // GM: 30.9%YoY revenue trajectory of +1.0% paired with 21.21% free cash flow yield supports self-funded R&D and capital return.
REV YOY: +1.0% // FCF YLD: 21.21%Altman Z-Score of 1.79 and Piotroski F-Score of 6/9 indicate low near-term refinancing stress.
ALTMAN Z: 1.79 // F-SCORE: 6/9Trading at 24.0x trailing P/E (— Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.
P/E: 24.0x // EV/EBITDA: —Options market prices a ±5.2% implied move with a 0.85 put/call ratio around $1.07 max pain.
IMPL MOVE: ±5.2% // P/C: 0.85Elevated industry capital intensity and customer concentration in Other Specialty Stores require continuous execution to defend -4.1% net margins.
NET MARGIN: -4.1% // D/E: 0.23x| FILER | SIDE | $ VALUE |
|---|---|---|
| INSPECT FULL OWNERSHIP LEDGER IN OWN <GO> | ||
| STRIKE / EXP | TYPE | PREMIUM |
|---|---|---|
| INSPECT GEX & CHAIN IN OPT <GO> | ||
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