Onespaworld Holdings Ltd

Consumer Discretionary
Hotels/Resorts
www.onespaworld.com

Earnings Score
Moat Score
Safety Score

Market Cap $2.06B
PE 40
Debt $103.75M
Cash $48.80M
EV $2.12B
FCF $73.31M

Earnings

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Sales & Net Margins

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Earnings	$51.17M
EBIT	$73.45M
ROE	9%
ROA	10%
FCF	$73.31M
Equity	$540.12M
Growth Stability	1
PE	40.31
PEG	103.91
PB	3.82
P/FCF	28.14
P/S	2.36
Price/Cash	0.02
Debt/Equity	0.19
Debt/FCF	1.42
Net Margins	9%
Op. Margins	8%
Earnings CAGR	3%
Sales Growth YoY	12%
Sales Growth QoQ	7%
Sales CAGR	23%
FCF CAGR	6%
Equity CAGR	-1%
Earnings Stability	-0.35
Earnings Growth YoY	-8%
Earnings Growth QoQ	37%

Earnings CAGR 5Y	0%
Sales CAGR 5Y	55%
FCF CAGR 5Y	28%
Equity CAGR 5Y	3%
Earnings CAGR 3Y	79%
Sales CAGR 3Y	79%
FCF CAGR 3Y	163%
Equity CAGR 3Y	26%
Market Cap	$2.06B
Revenue	$872.62M
Assets	$734.03M
Total Debt	$103.75M
Cash	$48.80M
Shares Outstanding	103.82M
EV	2.12B
Earnings Score	6%
Moat Score	89%
Safety Score	95%
Final Score	64%
Working Capital	65.96M
Current Ratio	1.84
Shares Growth 3y	5%
Equity Growth QoQ	1%
Equity Growth YoY	21%

Assets & ROA

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Stockholders Equity & ROE

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OneSpaWorld Holdings Ltd is an operator of health and wellness centers onboard cruise ships and operator of health and wellness centers at destination resorts worldwide. It offers a suite of premium health, fitness, beauty, and wellness services and products. The services provided by the company include body, salon, and skincare services and products, fitness classes and personal fitness training and pain management, detoxifying programs, and comprehensive body composition analyses among others. The company has only one single segment of Maritime and Destination Resorts.

SEC Filings

Direct access to Onespaworld Holdings Ltd (OSW) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Onespaworld Holdings Ltd compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Onespaworld Holdings Ltd compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 3%

Stability -35%

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Onespaworld Holdings Ltd Discounted Cash Flow

Fully customizable DCF calculator online for Onespaworld Holdings Ltd.

Years

Calculation mode

= $1.1B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$73M	$77M	$82M	$86M	$91M	$96M	$101M	$107M	$113M	$119M	$126M	$1.3B
DCF		$70M	$68M	$65M	$62M	$60M	$57M	$55M	$53M	$51M	$49M	$485M
Value	$1.1B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2017	12/2018	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	6%	2%	-232%	-48%	10%	-0%	9%
ROA	-	18%	-38%	-8%	7%	8%	10%
ROE	-	-8%	-66%	-23%	15%	-1%	9%

Net Margins (8.63%)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2017	12/2018	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	13	-6.06	-6.22	10.92	2.75	1.42
Debt over Equity	-	-2.79	0.55	0.8	0.6	0.37	0.19
Growth Stability	-	-	-	-	-	-	1

Good Debt/FCF ratio (1.42)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.19)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2017	12/2018	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	7%	-78%	19%	279%	45%	55%
Earnings YoY growth	-	-68%	-3K%	-76%	-178%	-106%	0%
Equity YoY growth	-	-157%	-434%	-31%	24%	19%	3%
FCF YoY growth	-	-59%	-241%	-2%	-153%	191%	28%