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ONEW

OneWater Marine NasdaqGM:ONEW Stock Report

Last Price

US$33.70

Market Cap

US$529.5m

7D

-0.4%

1Y

-31.8%

Updated

19 May, 2022

Data

Company Financials +
ONEW fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance5/6
Financial Health3/6
Dividends0/6

ONEW Stock Overview

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

OneWater Marine Competitors

Price History & Performance

Summary of all time highs, changes and price drops for OneWater Marine
Historical stock prices
Current Share PriceUS$33.70
52 Week HighUS$62.79
52 Week LowUS$29.86
Beta3.02
1 Month Change-2.74%
3 Month Change-34.89%
1 Year Change-31.77%
3 Year Changen/a
5 Year Changen/a
Change since IPO122.59%

Recent News & Updates

May 16

OneWater Marine: EPS Up 38%, 4x P/E, New Share Buyback, 132% Upside

34% revenue growth, gross margin up 530bps, EPS up 38%. FY09/22 guidance increased again to $8.60-$9.00. Demand for boats remains robust. Share repurchase plan introduced in March 2022. 4.0x FY09/22 P/E, 37.8% FCF yield in FY09/21, 5% special dividend in FY09/21.

May 04

OneWater: Strongly Growing Through Disciplined Acquisitions

OneWater Marine is a rapidly growing, premium boating retailer growing through a disciplined strategy focused on smart and strategic acquisitions. Down over 44% YTD and hovering around a Fwd. P/E of 4.1, ONEW is near the bottom if management's business strategy proves effective. OneWater has recently announced a $50 MM share repurchase program, potentially removing over 9% of total shares. With only 3% of US retail sales, OneWater has plenty of room to expand in the large and growing boating industry.

Shareholder Returns

ONEWUS Specialty RetailUS Market
7D-0.4%-1.5%0.1%
1Y-31.8%-24.2%-12.7%

Return vs Industry: ONEW underperformed the US Specialty Retail industry which returned -24.9% over the past year.

Return vs Market: ONEW underperformed the US Market which returned -11.5% over the past year.

Price Volatility

Is ONEW's price volatile compared to industry and market?
ONEW volatility
ONEW Average Weekly Movement9.2%
Specialty Retail Industry Average Movement8.7%
Market Average Movement8.0%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.0%

Stable Share Price: ONEW is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: ONEW's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20141,785Philip Singletonhttps://www.onewatermarine.com

OneWater Marine Inc. operates as a recreational boat retailer in the United States. The company offers new and pre-owned recreational boats and yachts, as well as related marine products, such as parts and accessories. It also provides boat repair and maintenance services.

OneWater Marine Fundamentals Summary

How do OneWater Marine's earnings and revenue compare to its market cap?
ONEW fundamental statistics
Market CapUS$529.46m
Earnings (TTM)US$107.11m
Revenue (TTM)US$1.46b

4.9x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ONEW income statement (TTM)
RevenueUS$1.46b
Cost of RevenueUS$1.00b
Gross ProfitUS$459.74m
Other ExpensesUS$352.63m
EarningsUS$107.11m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)7.58
Gross Margin31.43%
Net Profit Margin7.32%
Debt/Equity Ratio170.1%

How did ONEW perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: ONEW ($33.7) is trading below our estimate of fair value ($74.48)

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 (4.9x) compared to the US Specialty Retail industry average (6.4x).

PE vs Market: ONEW is good value based on its PE Ratio (4.9x) compared to the US market (15.5x).


Price to Earnings Growth Ratio

PEG Ratio: ONEW is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: ONEW's PB Ratio (1.8x) is in line with the US Specialty Retail industry average.


Future Growth

How is OneWater Marine forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


17.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ONEW's forecast earnings growth (17.2% per year) is above the savings rate (1.9%).

Earnings vs Market: ONEW's earnings (17.2% per year) are forecast to grow faster than the US market (12.4% per year).

High Growth Earnings: ONEW's earnings are forecast to grow, but not significantly.

Revenue vs Market: ONEW's revenue (12.3% per year) is forecast to grow faster than the US market (7.8% per year).

High Growth Revenue: ONEW's revenue (12.3% 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


Past Performance

How has OneWater Marine performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


61.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ONEW has high quality earnings.

Growing Profit Margin: ONEW's current net profit margins (7.3%) are higher than last year (3.6%).


Past Earnings Growth Analysis

Earnings Trend: ONEW's earnings have grown significantly by 61.1% per year over the past 5 years.

Accelerating Growth: ONEW's earnings growth over the past year (140.1%) exceeds its 5-year average (61.1% per year).

Earnings vs Industry: ONEW earnings growth over the past year (140.1%) exceeded the Specialty Retail industry 75.3%.


Return on Equity

High ROE: Whilst ONEW's Return on Equity (40.09%) is outstanding, this metric is skewed due to their high level of debt.


Financial Health

How is OneWater Marine's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ONEW's short term assets ($515.8M) exceed its short term liabilities ($439.0M).

Long Term Liabilities: ONEW's short term assets ($515.8M) exceed its long term liabilities ($501.5M).


Debt to Equity History and Analysis

Debt Level: ONEW's net debt to equity ratio (146.3%) 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 not well covered by operating cash flow (14.4%).

Interest Coverage: ONEW's interest payments on its debt are well covered by EBIT (19.8x coverage).


Balance Sheet


Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ONEW has not reported any payouts.


Discover strong dividend paying companies

Management

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

3.1yrs

Average management tenure


CEO

Philip Singleton (47 yo)

3.08yrs

Tenure

US$4,427,902

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 One Water Marine Holdings,...


CEO Compensation Analysis

Compensation vs Market: Philip's total compensation ($USD4.43M) is above average for companies of similar size in the US market ($USD2.59M).

Compensation vs Earnings: Philip's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: ONEW's management team is considered experienced (3.1 years average tenure).


Board Members

Experienced Board: ONEW's board of directors are not considered experienced ( 2.3 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 3.5%.


Top Shareholders

Company Information

OneWater Marine Inc.'s 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$529.456m
  • Market Cap: US$480.809m
  • Shares outstanding: 15.56m
  • Website: https://www.onewatermarine.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/19 00:00
End of Day Share Price2022/05/19 00:00
Earnings2022/03/31
Annual Earnings2021/09/30


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.