Camping World Holdings, Inc.

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $125M normalized FCF base (mid-cycle estimate, excludes current litigation-related drag); 3% growth years 1-5; 2% years 6-10; 11% discount rate (elevated litigation/cyclical risk); 2% terminal growth; -$1,181.23M net corporate debt (long-term debt of $1,405.3M less $224.07M cash; floor-plan inventory financing of ~$1.32B excluded as it is matched by RV inventory assets); 103.72M shares outstanding.

Reasoning: Camping World is a cyclical RV retailer currently facing litigation and a soft RV market; normalizing FCF to a mid-cycle level and discounting at an elevated rate captures recovery potential while a heavy discount rate and exclusion of asset-backed floor-plan debt (not true corporate leverage) avoids double-penalizing the balance sheet.