NasdaqGM:ONEW

Stock Analysis Report

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Executive Summary

OneWater Marine Inc. operates as a recreational boat retailer in the United States. More Details


Snowflake Analysis

Very undervalued with adequate balance sheet.


Similar Companies

Share Price & News

How has OneWater Marine's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-6.8%

ONEW

-8.1%

US Specialty Retail

-5.3%

US Market


1 Year Return

n/a

ONEW

12.8%

US Specialty Retail

10.4%

US Market

Return vs Industry: Insufficient data to determine how ONEW performed against the US Specialty Retail industry.

Return vs Market: Insufficient data to determine how ONEW performed against the US Market.


Shareholder returns

ONEWIndustryMarket
7 Day-6.8%-8.1%-5.3%
30 Day-10.9%-6.1%-2.1%
90 Day-25.5%4.5%1.7%
1 Yearn/a13.9%12.8%12.9%10.4%
3 Yearn/a73.5%65.9%34.3%25.4%
5 Yearn/a54.6%42.6%73.7%54.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is OneWater Marine undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ONEW ($18.63) is trading below our estimate of fair value ($739.16)

Significantly Below Fair Value: ONEW is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ONEW is good value based on its PE Ratio (8.1x) compared to the US Specialty Retail industry average (20x).

PE vs Market: ONEW is good value based on its PE Ratio (8.1x) compared to the US market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: ONEW is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: ONEW is good value based on its PB Ratio (1.6x) compared to the US Specialty Retail industry average (1.8x).


Next Steps

Future Growth

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

41.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ONEW's forecast earnings growth (41.6% per year) is above the savings rate (2.2%).

Earnings vs Market: ONEW's earnings (41.6% per year) are forecast to grow faster than the US market (22% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ONEW's revenue (4.7% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: ONEW's revenue (4.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has OneWater Marine performed over the past 5 years?

-62.7%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: ONEW has high quality earnings.

Growing Profit Margin: ONEW's current net profit margins (1.1%) are lower than last year (4%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if ONEW's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: ONEW's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ONEW had negative earnings growth (-62.7%) over the past year, making it difficult to compare to the Specialty Retail industry average (6%).


Return on Equity

High ROE: Whilst ONEW's Return on Equity (27.68%) is high, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is OneWater Marine's financial position?


Financial Position Analysis

Short Term Liabilities: ONEW's short term assets ($330.7M) exceed its short term liabilities ($242.9M).

Long Term Liabilities: ONEW's short term assets ($330.7M) exceed its long term liabilities ($110.3M).


Debt to Equity History and Analysis

Debt Level: ONEW's debt to equity ratio (170.7%) is considered high.

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

Debt Coverage: ONEW's debt is well covered by operating cash flow (57.9%).

Interest Coverage: ONEW's interest payments on its debt are well covered by EBIT (4x coverage).


Balance Sheet


Next Steps

Dividend

What is OneWater Marine current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ONEW's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ONEW's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ONEW's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ONEW's dividend payments have been increasing.


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: No need to calculate the sustainability of ONEW's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

0.6yrs

Average board tenure


CEO

Philip Singleton (47 yo)

1.42yrs

Tenure

US$255,569

Compensation

Mr. Philip Austin Singleton Jr. is a Founder of OneWater Marine Inc. and has been its Chief Executive Officer and Director since April 2019. He is the Chief Executive Officer of OneWater LLC since its form ...


CEO Compensation Analysis

Compensation vs Market: Philip's total compensation ($USD255.57K) is below average for companies of similar size in the US market ($USD1.36M).

Compensation vs Earnings: Philip's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Philip Singleton
Founder1.42yrsUS$255.57k3.52%
$ 10.1m
Anthony Aisquith
President0.42yrUS$555.71k0.020%
$ 56.9k
John Troiano
Independent Director0.58yrUS$56.00kno data
Christopher Bodine
Independent Director0.58yrno datano data
Mitchell Legler
Independent Chairman0.58yrUS$66.00k0.49%
$ 1.4m
Jeffrey Lamkin
Independent Director0.58yrUS$36.00k0.25%
$ 711.4k
Keith Style
Independent Director0.58yrUS$36.00k0.23%
$ 651.8k
Bari Harlam
Independent Director0.42yrno datano data
John Schraudenbach
Independent Director0.58yrno data0.080%
$ 230.5k

0.6yrs

Average Tenure

53yo

Average Age

Experienced Board: ONEW's board of directors are not considered experienced ( 0.6 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: ONEW only recently listed within the past 12 months.


Top Shareholders

Company Information

OneWater Marine Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: OneWater Marine Inc.
  • Ticker: ONEW
  • Exchange: NasdaqGM
  • Founded: 2014
  • Industry: Automotive Retail
  • Sector: Retail
  • Implied Market Cap: US$286.477m
  • Market Cap: US$187.543m
  • Shares outstanding: 14.98m
  • Website: https://www.onewatermarine.com

Number of Employees


Location

  • OneWater Marine Inc.
  • 6275 Lanier Islands Parkway
  • Buford
  • Georgia
  • 30518
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ONEWNasdaqGM (Nasdaq Global Market)YesClass A Common StockUSUSDFeb 2020

Biography

OneWater Marine Inc. operates as a recreational boat retailer in the United States. It offers new and pre-owned recreational boats and yachts, as well as related marine products, such as parts and accessor ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/31 01:12
End of Day Share Price2020/10/30 00:00
Earnings2020/06/30
Annual Earnings2019/09/30


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.