Cabela's by: Rayne Everage

Introduction of Company Founded in 1961 by current Chairman Dick Cabela & his younger brother Jim. The Cabela family owns about 37% of the company’s common stock since it went public in 2004. Operates 35 stores in 20+ states as well as a few locations in Canada. Cabela's sells footwear, clothing, and gear for fishing, hunting, camping, and other outdoor activities. http://eres.medaille.edu:2292/H/company360/overview.html?companyId=59471000000000

About the industry: Outdoor Recreation 6.1 million American jobs $646 billion in outdoor recreation spending each year $39.9 billion in federal tax revenue $39.7 billion in state/local tax revenue http://www.outdoorindustry.org/pdf/OIA_OutdoorRecEconomyReport2012.pdf

Top Competitors Gross Revenue Bass Pro Shops Academy Sports Dick’s Sporting Goods Gander Mountain Orvis Company Sportsman’s Guide Gross Revenue $3,839.00 M $2,700.00 M $5,211.80 M $431.60 M $328.73 M $150.00 M

Current Ratio Current ratio = total current assets total current liabilities 2011: x = 4111.28 / 1619.69 x = 2.54 2010: x = 3546.06 / 1798.94 x = 1.97 2009: x = 1341.09 / 721.74 x = 1.86 http://eres.medaille.edu:2292/H/company360/overview.html?companyId=59471000000000

Analysis of Current Ratio This gives an indication of the company’s ability to manage short term liabilities with short term assets. For each year, the ratio’s were above 1, which means that the company has more assets than liabilities for that given year. Increase over the past three years indicated company’s growth

Debt to Equity Ratio Debt to equity ratio = total liabilities share holder’s equity 2011: x = 3952.46 / 1181.32 x = 3.35 2010: x = 3506.63 / 1024.55 x = 3.42 2009: x = 1507.46 / 984.42 x = 1.53

Analysis of Debt to Equity Determines the proportion of equity and debt the company is using to finance its assets. In 2010, Cabela’s made a large leap in the debt to equity ratio, indicating they have been financing their growth with debt. Between 2010 and 2011, it decreased slightly.

Accounts Receivable Turnover Ratio Accounts receivable = net credit sales turnover ratio avg. accounts rec. 2011: x = 142.62 / 2951.77 x = 0.05 2010: x = 112.16 / 1462.20 x = 0.08 2009: x = 49.62 / 190.44 x = 0.26

Analysis of Account Receivable Turnover Ratio Measure company’s ability to collect on credit sales. High value of accounts receivable usually means the company collects its credit sales quite often.

Return on Equity ROE= net income from total operations common stock equity 2011: x = 142.62 / 1181.32 x = 0.12 2010: x = 112.16 / 1024.55 x = 0.11 2009: x = 49.62 / 984.42 x = 0.05 http://eres.medaille.edu:2292/H/company360/overview.html?companyId=59471000000000

Analysis of Return on Equity Refers to the amount of profit the company earned in comparison with shareholders equity. The ROE has increased slightly each year, which means that it is more likely capable to generate cash internally.

Net Profit Margin Percentage Net profit margin = net income sales revenue 2011: x = 142.62 / 2811.17 x = 0.05 2010: x = 112.16 / 2663.24 x = 0.02 2009: x = 49.62 / 2632.24 http://eres.medaille.edu:2292/H/company360/overview.html?companyId=59471000000000

Analysis of Net Profit Margin Percentage Indicates how much net income a company makes with total sales achieved. The Net profit margin percentage has increased slightly which implies that the company is becoming more efficient in converting sales into actual profit

Return on Assets ROA= net income from operations total assets 2011: x = 142.62 / 5133.77 x = 0.03 2010: x = 112.16 / 4531.18 x = 0.02 2009: x = 49.62 / 2491.89 x = 0.019 http://eres.medaille.edu:2292/H/company360/overview.html?companyId=59471000000000

Analysis of Return on Assets Tells you what earnings were made from investing assets. The Return on Assets has slightly increased in the past three years, which indicates that they are turning assets into profit slightly better than each previous year.

Plans for the Future: Accelerate store openings, including five new locations in 2012. All the new stores conform to the retailer's adaptable next-generation format, which ranges in size from about 80,000 to 125,000 square feet and allows the company to expedite new store opening in prime locations. http://eres.medaille.edu:2292/H/company360/overview.html?companyId=59471000000000

Thank you!