Sportsman's Warehouse Holdings, Inc. (SPWH) vs Tokyo Lifestyle Co., Ltd. (TKLF)

Sportsman's Warehouse Holdings, Inc. and Tokyo Lifestyle Co., Ltd. are both Specialty Retail companies. Sportsman's Warehouse Holdings, Inc. is the larger, with a market value of $43.1M against $5.9M — 7.3× the size. Sportsman's Warehouse Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Tokyo Lifestyle Co., Ltd. trades at 5.2×. Tokyo Lifestyle Co., Ltd. has the higher net margin (1.96% vs −3.94%) and the higher return on invested capital (0.00% vs −6.36%). Across the 19 metrics below, Tokyo Lifestyle Co., Ltd. leads on 10 and Sportsman's Warehouse Holdings, Inc. on 9.

Valuation

Metric SPWH TKLF Specialty Retail median
P/E n/m 5.19 19.32
P/S 0.04 0.09 0.59
P/B 0.26 0.93 2.19
Price to free cash flow 1.35 n/m 12.81
EV/EBITDA 59.68 4.81 7.94
EV/Sales 0.17 0.22 0.75
Earnings yield (111.80%) 19.29% 4.27%
Free cash flow yield 73.87% (41.84%) 3.23%

Profitability

Metric SPWH TKLF Specialty Retail median
Gross margin 30.85% 17.56% 36.02%
Operating margin (2.77%) 0.00% 4.14%
Net margin (3.94%) 1.96% 2.85%
Free cash flow margin 2.61% 0.00% 2.61%
Return on equity (25.76%) 0.00% 4.17%
Return on assets (5.38%) 0.00% 1.43%
Return on invested capital (6.36%) 0.00% 1.82%

Growth

Metric SPWH TKLF Specialty Retail median
Revenue growth (TTM) 0.84% — 3.53%
EPS growth (last fiscal year) (49.43%) (90.21%) 26.01%
Revenue growth, 5-year CAGR (3.59%) 11.00% 3.84%
Net income growth, 5-year CAGR 0.00% (33.53%) 0.00%

Health

Metric SPWH TKLF Specialty Retail median
Debt to equity 1.04 1.55 0.26
Current ratio 1.17 1.30 1.38
Net debt to EBITDA 37.62 14.09 0.35

Dividend

Metric SPWH TKLF Specialty Retail median
Dividend yield — 0.00% 1.27%
Payout ratio — — 0.26

Size

Metric SPWH TKLF Specialty Retail median
Market cap 43.05m 5.92m 569.27m

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