Sportsmans (SPWH) - Net Assets
Based on the latest financial reports, Sportsmans (SPWH) has net assets worth $209.52 Million USD as of October 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($913.87 Million) and total liabilities ($704.35 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Sportsmans (SPWH) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $209.52 Million |
| % of Total Assets | 22.93% |
| Annual Growth Rate | 12.61% |
| 5-Year Change | 15.17% |
| 10-Year Change | N/A |
| Growth Volatility | 76.27 |
Sportsmans - Net Assets Trend (2012–2025)
This chart illustrates how Sportsmans's net assets have evolved over time, based on quarterly financial data. Also explore SPWH total asset value for the complete picture of this company's asset base.
Annual Net Assets for Sportsmans (2012–2025)
The table below shows the annual net assets of Sportsmans from 2012 to 2025. For live valuation and market cap data, see Sportsmans stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-01-31 | $235.70 Million | -10.91% |
| 2024-01-31 | $264.56 Million | -9.74% |
| 2023-01-31 | $293.11 Million | -6.70% |
| 2022-01-31 | $314.17 Million | +53.51% |
| 2021-01-31 | $204.66 Million | +85.60% |
| 2020-01-31 | $110.27 Million | +40.18% |
| 2019-01-31 | $78.66 Million | +57.96% |
| 2018-01-31 | $49.80 Million | +65.99% |
| 2017-01-31 | $30.00 Million | +1557.07% |
| 2016-01-31 | $-2.06 Million | +93.43% |
| 2015-01-31 | $-31.33 Million | +74.13% |
| 2014-01-31 | $-121.10 Million | -189.40% |
| 2013-01-31 | $-41.84 Million | -183.14% |
| 2012-01-31 | $50.33 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sportsmans's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 263.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (January 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $149.32 Million | 63.35% |
| Common Stock | $380.00K | 0.16% |
| Other Components | $86.00 Million | 36.49% |
| Total Equity | $235.70 Million | 100.00% |
Sportsmans Competitors by Market Cap
The table below lists competitors of Sportsmans ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cheche Group Inc. Class A Ordinary Shares
NASDAQ:CCG
|
$46.18 Million |
|
Hindustan Motors Limited
NSE:HINDMOTORS
|
$46.19 Million |
|
Dexter Co Ltd
KQ:206560
|
$46.20 Million |
|
KCI Limited
KQ:036670
|
$46.21 Million |
|
Ageagle Aerial Systems Inc
NYSE MKT:UAVS
|
$46.16 Million |
|
Syntec Optics Holdings Inc.
NASDAQ:OPTX
|
$46.15 Million |
|
HARMONEY CORP. LTD
F:6DR
|
$46.15 Million |
|
Better Life Group Co Ltd
TW:1805
|
$46.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sportsmans's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 264,556,000 to 235,704,000, a change of -28,852,000 (-10.9%).
- Net loss of 33,059,000 reduced equity.
- Share repurchases of 304,000 reduced equity.
- Other factors increased equity by 4,511,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-33.06 Million | -14.03% |
| Share Repurchases | $304.00K | -0.13% |
| Other Changes | $4.51 Million | +1.91% |
| Total Change | $- | -10.91% |
Book Value vs Market Value Analysis
This analysis compares Sportsmans's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.24x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.21x to 0.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-01-31 | $1.21 | $1.47 | x |
| 2013-01-31 | $-1.01 | $1.47 | x |
| 2014-01-31 | $-2.93 | $1.47 | x |
| 2015-01-31 | $-0.78 | $1.47 | x |
| 2016-01-31 | $-0.05 | $1.47 | x |
| 2017-01-31 | $0.71 | $1.47 | x |
| 2018-01-31 | $1.17 | $1.47 | x |
| 2019-01-31 | $1.83 | $1.47 | x |
| 2020-01-31 | $2.53 | $1.47 | x |
| 2021-01-31 | $4.61 | $1.47 | x |
| 2022-01-31 | $7.05 | $1.47 | x |
| 2023-01-31 | $7.20 | $1.47 | x |
| 2024-01-31 | $7.06 | $1.47 | x |
| 2025-01-31 | $6.23 | $1.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sportsmans utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -14.03%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.76%
- • Asset Turnover: 1.41x
- • Equity Multiplier: 3.62x
- Recent ROE (-14.03%) is below the historical average (22.71%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 66.94% | 8.95% | 2.43x | 3.08x | $28.66 Million |
| 2013 | 0.00% | 5.33% | 3.16x | 0.00x | $32.26 Million |
| 2014 | 0.00% | 3.38% | 2.87x | 0.00x | $33.86 Million |
| 2015 | 0.00% | 2.09% | 2.44x | 0.00x | $16.92 Million |
| 2016 | 0.00% | 3.80% | 2.42x | 0.00x | $27.98 Million |
| 2017 | 98.89% | 3.80% | 2.25x | 11.54x | $26.67 Million |
| 2018 | 35.63% | 2.19% | 2.13x | 7.62x | $12.76 Million |
| 2019 | 30.19% | 2.80% | 2.18x | 4.94x | $15.88 Million |
| 2020 | 18.33% | 2.28% | 1.44x | 5.59x | $9.19 Million |
| 2021 | 44.65% | 6.29% | 2.20x | 3.23x | $70.91 Million |
| 2022 | 34.53% | 7.20% | 1.79x | 2.68x | $77.05 Million |
| 2023 | 13.82% | 2.90% | 1.63x | 2.93x | $11.21 Million |
| 2024 | -10.96% | -2.25% | 1.45x | 3.35x | $-55.45 Million |
| 2025 | -14.03% | -2.76% | 1.41x | 3.62x | $-56.63 Million |
Industry Comparison
This section compares Sportsmans's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $975,343,691
- Average return on equity (ROE) among peers: 21.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sportsmans (SPWH) | $209.52 Million | 66.94% | 3.36x | $46.18 Million |
| Able View Global Inc. Class B Ordinary Shares (ABLV) | $7.74 Million | 76.78% | 1.27x | $14.81 Million |
| Arhaus Inc (ARHS) | $209.69 Million | 65.16% | 3.47x | $408.93 Million |
| Arko Corp (ARKO) | $376.87 Million | 5.53% | 8.61x | $656.33 Million |
| Academy Sports Outdoors Inc (ASO) | $988.22 Million | 12.15% | 3.38x | $3.47 Billion |
| BARK, Inc. (BARK) | $217.06 Million | -31.47% | 1.00x | $135.54 Million |
| Build-A-Bear Workshop Inc (BBW) | $15.53 Million | 37.79% | 5.03x | $466.31 Million |
| Bath & Body Works Inc. (BBWI) | $1.88 Billion | 21.49% | 0.82x | $3.93 Billion |
| Best Buy Co. Inc (BBY) | $5.16 Billion | 19.45% | 2.07x | $12.58 Billion |
| Big 5 Sporting Goods Corporation (BGFV) | $195.00 Million | 7.63% | 1.34x | $33.00 Million |
| Barnes & Noble Education Inc (BNED) | $710.52 Million | 4.25% | 0.44x | $250.98 Million |
About Sportsmans
Sportsman's Warehouse Holdings, Inc., together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work w… Read more