NasdaqCM:OSW

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

OneSpaWorld Holdings Limited operates health and wellness centers onboard cruise ships and at destination resorts worldwide.


Snowflake Analysis

High growth potential with mediocre balance sheet.

Share Price & News

How has OneSpaWorld Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: OSW's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

5.4%

OSW

4.6%

US Consumer Services

2.5%

US Market


1 Year Return

-62.1%

OSW

45.8%

US Consumer Services

16.3%

US Market

Return vs Industry: OSW underperformed the US Consumer Services industry which returned 54.8% over the past year.

Return vs Market: OSW underperformed the US Market which returned 15.8% over the past year.


Shareholder returns

OSWIndustryMarket
7 Day5.4%4.6%2.5%
30 Day25.2%8.9%5.6%
90 Day-6.5%35.6%16.4%
1 Year-62.1%-62.1%46.3%45.8%18.8%16.3%
3 Yearn/a86.7%79.2%45.1%35.7%
5 Yearn/a236.9%212.2%75.8%56.8%

Price Volatility Vs. Market

How volatile is OneSpaWorld Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is OneSpaWorld Holdings undervalued compared to its fair value and its price relative to the market?

0.85x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: OSW ($5.86) is trading above our estimate of fair value ($3.33)

Significantly Below Fair Value: OSW is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: OSW is unprofitable, so we can't compare its PE Ratio to the US Consumer Services industry average.

PE vs Market: OSW is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate OSW's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: OSW is good value based on its PB Ratio (0.8x) compared to the US Consumer Services industry average (2.6x).


Next Steps

Future Growth

How is OneSpaWorld Holdings forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

76.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OSW is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: OSW is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: OSW's is expected to become profitable in the next 3 years.

Revenue vs Market: OSW's revenue (22.5% per year) is forecast to grow faster than the US market (9.4% per year).

High Growth Revenue: OSW's revenue (22.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if OSW's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has OneSpaWorld Holdings performed over the past 5 years?

-122.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OSW is currently unprofitable.

Growing Profit Margin: OSW is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: OSW is unprofitable, and losses have increased over the past 5 years at a rate of 122.1% per year.

Accelerating Growth: Unable to compare OSW's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: OSW is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Services industry (22.3%).


Return on Equity

High ROE: OSW has a negative Return on Equity (-44.47%), as it is currently unprofitable.


Next Steps

Financial Health

How is OneSpaWorld Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: OSW's short term assets ($82.4M) exceed its short term liabilities ($42.1M).

Long Term Liabilities: OSW's short term assets ($82.4M) do not cover its long term liabilities ($251.7M).


Debt to Equity History and Analysis

Debt Level: OSW's debt to equity ratio (58.3%) is considered high.

Reducing Debt: Insufficient data to determine if OSW's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable OSW has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: OSW is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 87.5% per year.


Next Steps

Dividend

What is OneSpaWorld Holdings's current dividend yield, its reliability and sustainability?

2.73%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: OSW's dividend (2.73%) is higher than the bottom 25% of dividend payers in the US market (1.65%).

High Dividend: OSW's dividend (2.73%) is low compared to the top 25% of dividend payers in the US market (4.45%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether OSW's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if OSW's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average board tenure


CEO

Glenn Fusfield (57 yo)

no data

Tenure

US$26,381,708

Compensation

Mr. Glenn J. Fusfield serves as Chief Executive Officer and President at OneSpaWorld Holdings Limited and serves as its Director since March 18, 2019. He served as the President and Chief Executive Officer ...


CEO Compensation Analysis

Compensation vs Market: Glenn's total compensation ($USD26.38M) is above average for companies of similar size in the US market ($USD2.10M).

Compensation vs Earnings: Glenn's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Leonard Fluxman
Executive Chairman1.42yrsUS$11.46m0.38%
$ 1.9m
Glenn Fusfield
Presidentno dataUS$26.38m1.26%
$ 6.2m
Steven Heyer
Independent Vice Chairman & Lead Directorno dataUS$966.92k1.09%
$ 5.4m
Andrew Heyer
Independent Director1.42yrsUS$150.01k0.96%
$ 4.8m
Jeffrey Stiefler
Independent Directorno dataUS$150.01k0.078%
$ 389.3k
Maryam Banikarim
Independent Director1.25yrsUS$150.01kno data
Stephen Powell
Independent Directorno dataUS$150.01k0.0029%
$ 14.6k
Adam Hasiba
Director0.17yrno datano data
Walter McLallen
Independent Director1.42yrsUS$180.01k0.24%
$ 1.2m
Marc Magliacano
Independent Director1.42yrsUS$150.00kno data

1.4yrs

Average Tenure

59yo

Average Age

Experienced Board: OSW's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 39%.


Top Shareholders

Company Information

OneSpaWorld Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: OneSpaWorld Holdings Limited
  • Ticker: OSW
  • Exchange: NasdaqCM
  • Founded:
  • Industry: Specialized Consumer Services
  • Sector: Consumer Services
  • Market Cap: US$497.913m
  • Shares outstanding: 84.97m
  • Website: https://www.onespaworld.com

Number of Employees


Location

  • OneSpaWorld Holdings Limited
  • Shirley House
  • 253 Shirley Street
  • Nassau
  • Bahamas

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OSWNasdaqCM (Nasdaq Capital Market)YesCommon SharesUSUSDMar 2019
ORWDB (Deutsche Boerse AG)YesCommon SharesDEEURMar 2019

Biography

OneSpaWorld Holdings Limited operates health and wellness centers onboard cruise ships and at destination resorts worldwide. Its health and wellness centers offer services, such as traditional body, salon, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/08 00:28
End of Day Share Price2020/08/07 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.