(OSW) OneSpaWorld Holdings - Overview
Sector: Consumer Cyclical | Industry: Leisure | Exchange: NASDAQ (USA) | Market Cap: 2.435m USD | Total Return: 26.2% in 12m
Avg Turnover: 14.0M
EPS Trend: 97.3%
Qual. Beats: 0
Rev. Trend: 97.9%
Qual. Beats: 1
Warnings
Altman Z'' -1.02 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
No distinct edge detected
OneSpaWorld Holdings Limited (OSW) is a global provider of health and wellness services operating primarily within the cruise industry and at destination resorts. The company manages an extensive portfolio of onboard facilities offering massage, aesthetic treatments, medi-spa services, and fitness programs. Its business model relies on long-term, exclusive outsourcing contracts with major cruise lines, which reduces direct competition within the specific vessels it serves.
The company integrates a retail component into its service model, selling high-end beauty and wellness products from brands such as ELEMIS and Kerastase. This sector is characterized by high barriers to entry due to the complex logistics and specialized staffing required to operate maritime spa facilities across international waters. For those analyzing the companys long-term enterprise value, ValueRay provides additional data points for deeper investigation. OSW is headquartered in Nassau, Bahamas, and maintains a dominant market share in the outsourced maritime wellness sector.
- Expansion of cruise ship passenger capacity drives core service revenue growth
- Increased capture rate of onboard guests boosts high-margin product sales
- Long-term exclusive contracts with major cruise lines secure dominant market share
- Rising labor costs for specialized wellness staff impact operational profit margins
- Consumer discretionary spending levels directly correlate with premium medi-spa service demand
| Net Income: 77.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -0.29 > 1.0 |
| NWC/Revenue: 8.78% < 20% (prev 6.06%; Δ 2.72% < -1%) |
| CFO/TA 0.12 > 3% & CFO 82.5m > Net Income 77.7m |
| Net Debt (96.5m) to EBITDA (119.2m): 0.81 < 3 |
| Current Ratio: 2.52 > 1.5 & < 3 |
| Outstanding Shares: last quarter (102.3m) vs 12m ago -2.64% < -2% |
| Gross Margin: 13.65% > 18% (prev 0.15%; Δ 1.35k% > 0.5%) |
| Asset Turnover: 139.4% > 50% (prev 127.5%; Δ 11.96% > 0%) |
| Interest Coverage Ratio: 7.81 > 6 (EBITDA TTM 119.2m / Interest Expense TTM 11.9m) |
| A: 0.12 (Total Current Assets 144.1m - Total Current Liabilities 57.2m) / Total Assets 709.9m |
| B: -0.33 (Retained Earnings -231.6m / Total Assets 709.9m) |
| C: 0.13 (EBIT TTM 93.3m / Avg Total Assets 709.3m) |
| D: -1.56 (Book Value of Equity -231.6m / Total Liabilities 148.1m) |
| Altman-Z'' = -1.02 = CCC |
| DSRI: 1.01 (Receivables 49.3m/44.7m, Revenue 989.0m/903.4m) |
| GMI: 1.12 (GM 13.65% / 15.34%) |
| AQI: 0.96 (AQ_t 0.74 / AQ_t-1 0.77) |
| SGI: 1.09 (Revenue 989.0m / 903.4m) |
| TATA: -0.01 (NI 77.7m - CFO 82.5m) / TA 709.9m) |
| Beneish M = -2.87 (Cap -4..+1) = A |
As of May 30, 2026, the stock is trading at USD 23.75 with a total of 494,500 shares traded.
Over the past week, the price has changed by -1.53%,
over one month by -4.14%,
over three months by +10.81% and
over the past year by +26.24%.
OneSpaWorld Holdings has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy OSW.
- StrongBuy: 4
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 28.6 | 20.4% |
P/E Trailing = 31.9867
P/E Forward = 27.8552
P/S = 2.4624
P/B = 4.3353
Revenue TTM = 989.0m USD
EBIT TTM = 93.3m USD
EBITDA TTM = 119.2m USD
Long Term Debt = 82.8m USD (from longTermDebt, last quarter)
Short Term Debt = 1.98m USD (from shortTermDebt, last fiscal year)
Debt = 112.6m USD (from shortLongTermDebtTotal, last fiscal year) + Leases 9.82m
Net Debt = 96.5m USD (calculated: Debt 112.6m - CCE 16.1m)
Enterprise Value = 2.53b USD (2.44b + Debt 112.6m - CCE 16.1m)
Interest Coverage Ratio = 7.81 (Ebit TTM 93.3m / Interest Expense TTM 11.9m)
EV/FCF = 39.08x (Enterprise Value 2.53b / FCF TTM 64.8m)
FCF Yield = 2.56% (FCF TTM 64.8m / Enterprise Value 2.53b)
FCF Margin = 6.55% (FCF TTM 64.8m / Revenue TTM 989.0m)
Net Margin = 7.85% (Net Income TTM 77.7m / Revenue TTM 989.0m)
Gross Margin = 13.65% ((Revenue TTM 989.0m - Cost of Revenue TTM 854.0m) / Revenue TTM)
Gross Margin QoQ = 15.12% (prev 11.11%)
Tobins Q-Ratio = 3.57 (Enterprise Value 2.53b / Total Assets 709.9m)
Interest Expense / Debt = 10.61% (Interest Expense 11.9m / Debt 112.6m)
Taxrate = 1.69% (367k / 21.7m)
NOPAT = 91.8m (EBIT 93.3m * (1 - 1.69%))
Current Ratio = 2.52 (Total Current Assets 144.1m / Total Current Liabilities 57.2m)
Debt / Equity = 0.20 (Debt 112.6m / totalStockholderEquity, last quarter 561.8m)
Debt / EBITDA = 0.81 (Net Debt 96.5m / EBITDA 119.2m)
Debt / FCF = 1.49 (Net Debt 96.5m / FCF TTM 64.8m)
Total Stockholder Equity = 551.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 10.95% (Net Income 77.7m / Total Assets 709.9m)
RoE = 9.92% (Net Income TTM 77.7m / Total Stockholder Equity 783.0m)
RoCE = 10.78% (EBIT 93.3m / Capital Employed (Equity 783.0m + L.T.Debt 82.8m))
RoIC = 14.14% (NOPAT 91.8m / Invested Capital 649.0m)
WACC = 9.05% (E(2.44b)/V(2.55b) * Re(8.99%) + D(112.6m)/V(2.55b) * Rd(10.61%) * (1-Tc(0.02)))
Discount Rate = 8.99% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -33.33 | Cagr: 0.92%
[DCF] Terminal Value 72.58% ; FCFF base≈65.6m ; Y1≈64.2m ; Y5≈64.8m
[DCF] Fair Price = 7.97 (EV 905.3m - Net Debt 96.5m = Equity 808.8m / Shares 101.5m; r=9.05% [WACC]; 5y FCF grow -2.90% → 2.50% )
EPS Correlation: 97.31 | EPS CAGR: 22.93% | SUE: 0.58 | # QB: 0
Revenue Correlation: 97.91 | Revenue CAGR: 11.09% | SUE: 2.03 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.28 | Chg30d=+0.61% | Revisions=+14% | Analysts=6
EPS next Quarter (2026-09-30): EPS=0.32 | Chg30d=-0.50% | Revisions=+33% | Analysts=6
EPS current Year (2026-12-31): EPS=1.14 | Chg30d=+1.34% | Revisions=+43% | GrowthEPS=+14.6% | GrowthRev=+7.1%
EPS next Year (2027-12-31): EPS=1.30 | Chg30d=+1.04% | Revisions=+43% | GrowthEPS=+14.2% | GrowthRev=+8.7%
[Analyst] Revisions Ratio: +43%