{"contract": "sm-investment-case-1", "found": true, "available": true, "as_of": "2026-09-11", "checked_on": "2026-09-19", "listing": {"uuid": "dabe0b45-65cf-445d-80d7-ce8a0410a9ea", "symbol": "LCII", "name": "LCI Industries", "exchange": "NYSE", "country": "US", "sector": "Consumer Cyclical", "industry": "Recreational Vehicles"}, "business_type": "Operating company", "price": {"value": 91.02, "currency": "USD", "as_of": "2026-09-11", "basis": "Completed weekly quoted close; before dividends"}, "assessment": {"available": true, "rating": "Hold + Add", "target_price": 116.63, "target_date": "2027-09-16", "price_change_to_target_pct": 28.13, "currency": "USD", "reviewed_on": "2026-09-16", "explanation": "The valuation supports a measured positive view, but the full Buy requirements are not met. Review downside balance.", "assumptions": [{"name": "Starting annual sales growth", "value": 8.76, "unit": "percent"}, {"name": "Long-term operating margin", "value": 7.14, "unit": "percent"}]}, "review": {"status": "Published assessment", "last_checked": "2026-09-18T01:49:14.500704+00:00", "next_scheduled": "2026-12-15", "published_at": "2026-09-16T19:20:53.800106+00:00", "environment": "live", "publication_url": "https://sharemaestro.com/investment-case/record/2214/"}, "business_view": {"headline": "Lower valuation, stronger profitability.", "summary": "Year-to-date profit has improved, but quarterly sales fell.", "case_for": [{"headline": "Year-to-date profit has improved", "explanation": "Across 2 completed quarters since 2025-12-31, net income was 130.1m versus 107.1m in the matching prior-year periods (USD). Check whether the latest quarter changes that direction.", "evidence_url": "https://sharemaestro.com/investment-case/ticker/dabe0b45-65cf-445d-80d7-ce8a0410a9ea/#ic-quarter-profit"}, {"headline": "More cash remains for each dollar of profit", "explanation": "Cash after capital spending / profit: 1.4\u00d7 for LCII, against 0.9\u00d7 across 6 comparable peers.", "evidence_url": "https://sharemaestro.com/investment-case/ticker/dabe0b45-65cf-445d-80d7-ce8a0410a9ea/#ic-peer-measures"}], "case_against": [{"headline": "Quarterly sales fell", "explanation": "Revenue changed -12.5% from the same quarter last year, through 2026-06-30. The previous quarter\u2019s year-on-year change was +4.3%.", "evidence_url": "https://sharemaestro.com/investment-case/ticker/dabe0b45-65cf-445d-80d7-ce8a0410a9ea/#ic-quarter-sales"}, {"headline": "Working capital is growing faster than sales", "explanation": "Receivables changed -0.8%; Inventory changed +8.3%, against sales of -12.5%, from the same quarter last year. This can tie up cash. Acquisitions, payment timing and seasonality also need checking.", "evidence_url": "https://sharemaestro.com/investment-case/ticker/dabe0b45-65cf-445d-80d7-ce8a0410a9ea/#ic-quarter-working"}]}, "watch_points": [], "financial_period": "2026-06-30", "next_results": "2026-10-29", "data_notes": ["Financial totals have been checked against their reporting periods. Only matching twelve-month figures are used; unsupported measures remain blank."], "canonical_url": "https://sharemaestro.com/investment-case/ticker/dabe0b45-65cf-445d-80d7-ce8a0410a9ea/", "pdf_url": "https://sharemaestro.com/investment-case/ticker/dabe0b45-65cf-445d-80d7-ce8a0410a9ea/download.pdf", "limitations": ["The published assessment stays fixed between governed reviews. Scenarios edited in the browser do not change it.", "Each financial period and price date is separate. Company coverage varies.", "Targets exclude dividends, fees and tax. A missing target is unavailable, not zero.", "Preview assessments are identified and do not establish a live performance record."], "disclaimer": "Automated model research, not personal investment advice. Targets depend on assumptions; returns are not guaranteed.", "revision": "c82b988d71d9b0463f01df4de2e414db992b025386447cd1e5e99774d43fed80"}