ONEWATER MARINE INC-CL A (ONEW) Stock Fundamental Analysis
NASDAQ:ONEW - Nasdaq - US68280L1017 - Common Stock - Currency: USD
Overall ONEW gets a fundamental rating of 3 out of 10. We evaluated ONEW against 120 industry peers in the Specialty Retail industry. Both the profitability and financial health of ONEW have multiple concerns. ONEW has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year ONEW was profitable.
ONEW had a positive operating cash flow in the past year.
In multiple years ONEW reported negative net income over the last 5 years.
Of the past 5 years ONEW 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of ONEW (-0.40%) is comparable to the rest of the industry.
The Return On Equity of ONEW (-1.73%) is comparable to the rest of the industry.
ONEW's Return On Invested Capital of 3.47% is in line compared to the rest of the industry. ONEW outperforms 50.83% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ONEW is below the industry average of 13.17%.
The last Return On Invested Capital (3.47%) for ONEW is well below the 3 year average (9.16%), which needs to be investigated, but indicates that ONEW had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.4% | ||
| ROE | -1.73% | ||
| ROIC | 3.47% |
ROA(3y)2.03%
ROA(5y)4.17%
ROE(3y)7.21%
ROE(5y)14.16%
ROIC(3y)9.16%
ROIC(5y)13.01%
1.3 Margins
ONEW has a Operating Margin (3.59%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of ONEW has declined.
Looking at the Gross Margin, with a value of 23.53%, ONEW is doing worse than 75.83% of the companies in the same industry.
In the last couple of years the Gross Margin of ONEW has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.59% | ||
| PM (TTM) | N/A | ||
| GM | 23.53% |
OM growth 3Y-27.83%
OM growth 5Y-7.44%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.53%
GM growth 5Y1.83%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ONEW is still creating some value.
ONEW has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, ONEW has more shares outstanding
ONEW has a better debt/assets ratio than last year.
2.2 Solvency
ONEW has an Altman-Z score of 1.54. This is a bad value and indicates that ONEW is not financially healthy and even has some risk of bankruptcy.
ONEW has a worse Altman-Z score (1.54) than 63.33% of its industry peers.
ONEW has a debt to FCF ratio of 9.99. This is a negative value and a sign of low solvency as ONEW would need 9.99 years to pay back of all of its debts.
ONEW has a Debt to FCF ratio (9.99) which is comparable to the rest of the industry.
A Debt/Equity ratio of 2.38 is on the high side and indicates that ONEW has dependencies on debt financing.
With a Debt to Equity ratio value of 2.38, ONEW is not doing good in the industry: 72.50% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.38 | ||
| Debt/FCF | 9.99 | ||
| Altman-Z | 1.54 |
ROIC/WACC0.41
WACC8.5%
2.3 Liquidity
ONEW has a Current Ratio of 1.20. This is a normal value and indicates that ONEW is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.20, ONEW is not doing good in the industry: 60.83% of the companies in the same industry are doing better.
A Quick Ratio of 0.33 indicates that ONEW may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.33, ONEW is doing worse than 69.17% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.2 | ||
| Quick Ratio | 0.33 |
3. Growth
3.1 Past
ONEW shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -89.47%.
ONEW shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -47.90% yearly.
The Revenue has decreased by -6.22% in the past year.
Measured over the past years, ONEW shows a quite strong growth in Revenue. The Revenue has been growing by 18.22% on average per year.
EPS 1Y (TTM)-89.47%
EPS 3Y-47.9%
EPS 5YN/A
EPS Q2Q%-80.6%
Revenue 1Y (TTM)-6.22%
Revenue growth 3Y13.01%
Revenue growth 5Y18.22%
Sales Q2Q%-0.98%
3.2 Future
Based on estimates for the next years, ONEW will show a very strong growth in Earnings Per Share. The EPS will grow by 66.44% on average per year.
Based on estimates for the next years, ONEW will show a small growth in Revenue. The Revenue will grow by 2.70% on average per year.
EPS Next Y-20.38%
EPS Next 2Y24.11%
EPS Next 3Y66.44%
EPS Next 5YN/A
Revenue Next Year-2.59%
Revenue Next 2Y1.07%
Revenue Next 3Y2.7%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 49.54, the valuation of ONEW can be described as expensive.
ONEW's Price/Earnings ratio is in line with the industry average.
ONEW's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.29.
A Price/Forward Earnings ratio of 9.19 indicates a reasonable valuation of ONEW.
82.50% of the companies in the same industry are more expensive than ONEW, based on the Price/Forward Earnings ratio.
ONEW is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.17, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 49.54 | ||
| Fwd PE | 9.19 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ONEW is valued a bit cheaper than the industry average as 73.33% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, ONEW is valued cheaply inside the industry as 98.33% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.42 | ||
| EV/EBITDA | 6.66 |
4.3 Compensation for Growth
A more expensive valuation may be justified as ONEW's earnings are expected to grow with 66.44% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y24.11%
EPS Next 3Y66.44%
5. Dividend
5.1 Amount
No dividends for ONEW!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
13.87
-0.9 (-6.09%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners71.88%
Inst Owner Change11.73%
Ins Owners29.56%
Ins Owner Change4.48%
Market Cap226.22M
Analysts78.33
Price Target17.85 (28.7%)
Short Float %23.03%
Short Ratio14.58
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-15.1%
Min EPS beat(2)-67.49%
Max EPS beat(2)37.3%
EPS beat(4)1
Avg EPS beat(4)-97.33%
Min EPS beat(4)-307.61%
Max EPS beat(4)37.3%
EPS beat(8)1
Avg EPS beat(8)-63.06%
EPS beat(12)2
Avg EPS beat(12)-48.54%
EPS beat(16)6
Avg EPS beat(16)-31.24%
Revenue beat(2)1
Avg Revenue beat(2)2.04%
Min Revenue beat(2)-4.76%
Max Revenue beat(2)8.83%
Revenue beat(4)1
Avg Revenue beat(4)-5.12%
Min Revenue beat(4)-12.53%
Max Revenue beat(4)8.83%
Revenue beat(8)2
Avg Revenue beat(8)-3.58%
Revenue beat(12)3
Avg Revenue beat(12)-2.9%
Revenue beat(16)5
Avg Revenue beat(16)-1.06%
PT rev (1m)0%
PT rev (3m)-21.17%
EPS NQ rev (1m)-23.99%
EPS NQ rev (3m)-23.99%
EPS NY rev (1m)-46.2%
EPS NY rev (3m)-48.1%
Revenue NQ rev (1m)-4.92%
Revenue NQ rev (3m)-5.11%
Revenue NY rev (1m)-3.17%
Revenue NY rev (3m)-3.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 49.54 | ||
| Fwd PE | 9.19 | ||
| P/S | 0.13 | ||
| P/FCF | 2.42 | ||
| P/OCF | 2.02 | ||
| P/B | 0.59 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.66 |
EPS(TTM)0.28
EY2.02%
EPS(NY)1.51
Fwd EY10.88%
FCF(TTM)5.74
FCFY41.4%
OCF(TTM)6.87
OCFY49.52%
SpS109.11
BVpS23.42
TBVpS-9.63
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.4% | ||
| ROE | -1.73% | ||
| ROCE | 6.75% | ||
| ROIC | 3.47% | ||
| ROICexc | 3.64% | ||
| ROICexgc | 5.95% | ||
| OM | 3.59% | ||
| PM (TTM) | N/A | ||
| GM | 23.53% | ||
| FCFM | 5.26% |
ROA(3y)2.03%
ROA(5y)4.17%
ROE(3y)7.21%
ROE(5y)14.16%
ROIC(3y)9.16%
ROIC(5y)13.01%
ROICexc(3y)9.51%
ROICexc(5y)14.39%
ROICexgc(3y)18.13%
ROICexgc(5y)28.18%
ROCE(3y)15.76%
ROCE(5y)22.17%
ROICexcg growth 3Y-43.32%
ROICexcg growth 5Y-12.62%
ROICexc growth 3Y-40.58%
ROICexc growth 5Y-12.68%
OM growth 3Y-27.83%
OM growth 5Y-7.44%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.53%
GM growth 5Y1.83%
F-Score3
Asset Turnover1.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.38 | ||
| Debt/FCF | 9.99 | ||
| Debt/EBITDA | 10.34 | ||
| Cap/Depr | 76.5% | ||
| Cap/Sales | 1.03% | ||
| Interest Coverage | 0.86 | ||
| Cash Conversion | 127.38% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.2 | ||
| Quick Ratio | 0.33 | ||
| Altman-Z | 1.54 |
F-Score3
WACC8.5%
ROIC/WACC0.41
Cap/Depr(3y)89.15%
Cap/Depr(5y)129.53%
Cap/Sales(3y)1.07%
Cap/Sales(5y)0.93%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-89.47%
EPS 3Y-47.9%
EPS 5YN/A
EPS Q2Q%-80.6%
EPS Next Y-20.38%
EPS Next 2Y24.11%
EPS Next 3Y66.44%
EPS Next 5YN/A
Revenue 1Y (TTM)-6.22%
Revenue growth 3Y13.01%
Revenue growth 5Y18.22%
Sales Q2Q%-0.98%
Revenue Next Year-2.59%
Revenue Next 2Y1.07%
Revenue Next 3Y2.7%
Revenue Next 5YN/A
EBIT growth 1Y-48.84%
EBIT growth 3Y-18.44%
EBIT growth 5Y9.43%
EBIT Next Year-14.52%
EBIT Next 3Y18.84%
EBIT Next 5YN/A
FCF growth 1Y169.95%
FCF growth 3Y-60.81%
FCF growth 5YN/A
OCF growth 1Y194.53%
OCF growth 3Y-39.67%
OCF growth 5YN/A