Academy Sports and Outdoors, Inc. (ASO) vs Bath & Body Works, Inc. (BBWI)

Academy Sports and Outdoors, Inc. and Bath & Body Works, Inc. are both Specialty Retail companies. Bath & Body Works, Inc. is the larger, with a market value of $3.4B against $3.0B — 1.2× the size. Bath & Body Works, Inc. trades at the lower P/E: 4.3× against 8.0×. Academy Sports and Outdoors, Inc. grew revenue faster over the last twelve months: 3.68% against −2.17%. Bath & Body Works, Inc. has the higher net margin (10.8% vs 6.39%) and the higher return on invested capital (42.7% vs 15.6%). Both pay a dividend; Bath & Body Works, Inc. yields more (1.84% vs 0.55%). Across the 22 metrics below, Bath & Body Works, Inc. leads on 15 and Academy Sports and Outdoors, Inc. on 7.

Valuation

Metric ASO BBWI Specialty Retail median
P/E 8.03 4.28 17.14
P/S 0.49 0.46 0.48
P/B 1.41 n/m 1.71
Price to free cash flow 8.22 3.16 13.04
EV/EBITDA 4.55 4.22 8.92
EV/Sales 0.53 0.85 0.64
Earnings yield 12.45% 23.34% 3.85%
Free cash flow yield 12.16% 31.70% 3.02%

Profitability

Metric ASO BBWI Specialty Retail median
Gross margin 35.78% 44.13% 37.89%
Operating margin 9.55% 16.74% 3.66%
Net margin 6.39% 10.83% 1.42%
Free cash flow margin 6.01% 14.54% 1.44%
Return on equity 18.61% (60.05%) 2.58%
Return on assets 7.34% 15.67% 0.25%
Return on invested capital 15.57% 42.72% 0.00%

Growth

Metric ASO BBWI Specialty Retail median
Revenue growth (TTM) 3.68% (2.17%) 3.35%
EPS growth (last fiscal year) (3.32%) (13.85%) —
Revenue growth, 5-year CAGR 1.25% 2.53% 3.70%
Net income growth, 5-year CAGR 4.06% (5.12%) 0.00%

Health

Metric ASO BBWI Specialty Retail median
Debt to equity 0.23 (3.43) 0.27
Current ratio 1.74 1.20 1.35
Net debt to EBITDA 0.24 2.13 0.24

Dividend

Metric ASO BBWI Specialty Retail median
Dividend yield 0.55% 1.84% 1.73%
Payout ratio 0.05 0.26 0.00

Size

Metric ASO BBWI Specialty Retail median
Market cap 2.96b 3.41b 348.57m

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