LTH LTH

Name: LTH Crucible Score
Creator: Kaladin Capital Intelligence

UnknownUnknownN/A📅 Scored April 5, 2026

Price at analysis: $26.99

Crucible Score

57.5

Quality × Value Composite

KQI — Quality

60.7

C+

Fundamental Quality Index

KVI — Value

53.5

C-

Valuation Attractiveness Index

Crucible Verdict — LTH

LTH delivers a mixed investment profile with strong growth prospects (72) and solid competitive moats (73) undermined by poor diversification (18) and moderate financial quality (50). The stock trades at a slight discount to fair value despite decent fundamentals, though insider selling and a modest 56% earnings beat rate signal caution. Watch for management's ability to improve operational resilience.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

50.1

Growth Profile

72.4

Moat Durability⚠

72.6

Management Effectiveness⚠

62.8

Diversification & Resilience⚠

18.0

Market Position

54.0

Weakest dimension: Diversification & Resilience (18.0)

◆ KVI Value Dimensions

DCF Margin of Safety

48.1

FCF Yield & Cash Returns

10.3

Relative Valuation

86.5

Growth-Adjusted Value

67.8

Historical Valuation

74.2

Macro Context

82.4

◆ DCF Valuation Scenarios

Bear Case

$14.52

Base Case

$28.73

Bull Case

$48.61

Price at Analysis

$26.99

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$14.52	6.0%	14.0%	14.2%
🟢 Base	$28.73	9.0%	17.0%	13.2%
🟢 Bull	$48.61	12.0%	20.0%	12.2%

Key Assumptions: LTH is a high-beta leisure company with strong revenue recovery (CAGR ~23% over trailing 5 years from COVID trough) but heavy capex intensity (~25-30% of revenue) and significant leverage ($6.7B debt vs $232M cash). WACC is elevated at 13.2% base given 1.65 beta with 5.5% ERP and high debt costs (~6.5% pre-tax cost of debt on $6.7B). FCF conversion remains challenged by capex requirements, and the large net debt position ($6.5B) significantly reduces equity value across all scenarios.

◆ Financial Snapshot

Profitability

Gross Margin88.7%

Operating Margin16.1%

Net Margin12.5%

ROIC4.3%

ROE-3.6%

Balance Sheet

Balance SheetCR: 0.63

Cash ConversionFCF/EPS: -0.05x

Capital IntensityCapex/Rev: 29.8%

Altman Z-Score1.15 (Distress)

Piotroski F-Score7/9 (Good)

Growth

Revenue CAGR22.8% CAGR

Earnings CAGR73.9% CAGR

Growth ConsistencyCV: 2.17

Segment Breadth3/3 growing (100%)

Quarterly TrendMargin↑, WC↓, Exp↓

Earnings CredibilityTends to Beat

◆ Analyst Consensus & Leadership

Leadership & Governance

CEO Ownership13.3%

Compensation89% performance-based

Insider ActivitySelling

Capital AllocationROIC 4.3% vs WACC 1.0%

Earnings Beat Rate56% (11/22)

◆ Related Companies in Our Universe

Other Unknown companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted April 5, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.