ONEWATER MARINE INC-CL A (ONEW) Stock Fundamental Analysis
NASDAQ:ONEW - Nasdaq - US68280L1017 - Common Stock - Currency: USD
ONEW gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 120 industry peers in the Specialty Retail industry. There are concerns on the financial health of ONEW while its profitability can be described as average. ONEW is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
ONEW had positive earnings in the past year.
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
With a Return On Assets value of -0.65%, ONEW perfoms like the industry average, outperforming 43.59% of the companies in the same industry.
ONEW's Return On Equity of -2.96% is in line compared to the rest of the industry. ONEW outperforms 48.72% of its industry peers.
With a Return On Invested Capital value of 4.13%, ONEW perfoms like the industry average, outperforming 52.14% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for ONEW is below the industry average of 12.30%.
The 3 year average ROIC (9.16%) for ONEW is well above the current ROIC(4.13%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.65% | ||
| ROE | -2.96% | ||
| ROIC | 4.13% |
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's Operating Margin of 4.26% is fine compared to the rest of the industry. ONEW outperforms 60.68% of its industry peers.
ONEW's Operating Margin has declined in the last couple of years.
ONEW has a worse Gross Margin (24.03%) than 76.92% of its industry peers.
ONEW's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.26% | ||
| PM (TTM) | N/A | ||
| GM | 24.03% |
OM growth 3Y-27.84%
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ONEW is 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
Based on the Altman-Z score of 1.64, we must say that ONEW is in the distress zone and has some risk of bankruptcy.
ONEW has a worse Altman-Z score (1.64) than 64.96% of its industry peers.
The Debt to FCF ratio of ONEW is 10.95, which is on the high side as it means it would take ONEW, 10.95 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 10.95, ONEW perfoms like the industry average, outperforming 50.43% of the companies in the same industry.
A Debt/Equity ratio of 2.54 is on the high side and indicates that ONEW has dependencies on debt financing.
With a Debt to Equity ratio value of 2.54, ONEW is not doing good in the industry: 72.65% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.54 | ||
| Debt/FCF | 10.95 | ||
| Altman-Z | 1.64 |
ROIC/WACC0.46
WACC8.91%
2.3 Liquidity
A Current Ratio of 1.24 indicates that ONEW should not have too much problems paying its short term obligations.
ONEW has a Current ratio (1.24) which is comparable to the rest of the industry.
A Quick Ratio of 0.25 indicates that ONEW may have some problems paying its short term obligations.
ONEW has a worse Quick ratio (0.25) than 78.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.24 | ||
| Quick Ratio | 0.25 |
3. Growth
3.1 Past
The earnings per share for ONEW have decreased strongly by -76.90% in the last year.
Measured over the past years, ONEW shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -47.90% on average per year.
Looking at the last year, ONEW shows a decrease in Revenue. The Revenue has decreased by -7.71% in the last year.
The Revenue has been growing by 18.22% on average over the past years. This is quite good.
EPS 1Y (TTM)-76.9%
EPS 3Y-47.9%
EPS 5YN/A
EPS Q2Q%-42.11%
Revenue 1Y (TTM)-7.71%
Revenue growth 3Y13.01%
Revenue growth 5Y18.22%
Sales Q2Q%3.24%
3.2 Future
The Earnings Per Share is expected to grow by 66.44% on average over the next years. This is a very strong growth
ONEW is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.70% yearly.
EPS Next Y53.42%
EPS Next 2Y58.64%
EPS Next 3Y66.44%
EPS Next 5YN/A
Revenue Next Year0.7%
Revenue Next 2Y2.37%
Revenue Next 3Y2.7%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
ONEW is valuated rather expensively with a Price/Earnings ratio of 21.88.
64.96% of the companies in the same industry are more expensive than ONEW, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 29.63. ONEW is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 7.27, the valuation of ONEW can be described as very cheap.
Based on the Price/Forward Earnings ratio, ONEW is valued cheaply inside the industry as 91.45% of the companies are valued more expensively.
ONEW's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.68.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.88 | ||
| Fwd PE | 7.27 |
4.2 Price Multiples
75.21% of the companies in the same industry are more expensive than ONEW, based on the Enterprise Value to EBITDA ratio.
99.15% of the companies in the same industry are more expensive than ONEW, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.49 | ||
| EV/EBITDA | 7.02 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as ONEW's earnings are expected to grow with 66.44% in the coming years.
PEG (NY)0.41
PEG (5Y)N/A
EPS Next 2Y58.64%
EPS Next 3Y66.44%
5. Dividend
5.1 Amount
ONEW does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
17.94
-0.61 (-3.29%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners71.88%
Inst Owner Change3.51%
Ins Owners29.56%
Ins Owner Change2.2%
Market Cap292.60M
Analysts80
Price Target22.64 (26.2%)
Short Float %20.51%
Short Ratio14.3
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)-135.16%
Min EPS beat(2)-307.61%
Max EPS beat(2)37.3%
EPS beat(4)1
Avg EPS beat(4)-81.43%
Min EPS beat(4)-307.61%
Max EPS beat(4)37.3%
EPS beat(8)1
Avg EPS beat(8)-54.7%
EPS beat(12)3
Avg EPS beat(12)-41.6%
EPS beat(16)7
Avg EPS beat(16)-17.52%
Revenue beat(2)1
Avg Revenue beat(2)-1.6%
Min Revenue beat(2)-12.03%
Max Revenue beat(2)8.83%
Revenue beat(4)1
Avg Revenue beat(4)-5.02%
Min Revenue beat(4)-12.53%
Max Revenue beat(4)8.83%
Revenue beat(8)3
Avg Revenue beat(8)-1.48%
Revenue beat(12)4
Avg Revenue beat(12)-2.11%
Revenue beat(16)6
Avg Revenue beat(16)0.92%
PT rev (1m)-18.78%
PT rev (3m)-20.24%
EPS NQ rev (1m)-32.9%
EPS NQ rev (3m)-60.35%
EPS NY rev (1m)-4.98%
EPS NY rev (3m)-46.35%
Revenue NQ rev (1m)3%
Revenue NQ rev (3m)-2.57%
Revenue NY rev (1m)1.47%
Revenue NY rev (3m)-3.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.88 | ||
| Fwd PE | 7.27 | ||
| P/S | 0.16 | ||
| P/FCF | 3.49 | ||
| P/OCF | 2.72 | ||
| P/B | 0.82 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.02 |
EPS(TTM)0.82
EY4.57%
EPS(NY)2.47
Fwd EY13.75%
FCF(TTM)5.14
FCFY28.65%
OCF(TTM)6.59
OCFY36.72%
SpS109.41
BVpS21.75
TBVpS-11.37
PEG (NY)0.41
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.65% | ||
| ROE | -2.96% | ||
| ROCE | 7.87% | ||
| ROIC | 4.13% | ||
| ROICexc | 4.19% | ||
| ROICexgc | 6.72% | ||
| OM | 4.26% | ||
| PM (TTM) | N/A | ||
| GM | 24.03% | ||
| FCFM | 4.7% |
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)18.12%
ROICexgc(5y)28.18%
ROCE(3y)15.76%
ROCE(5y)22.17%
ROICexcg growth 3Y-43.33%
ROICexcg growth 5Y-12.64%
ROICexc growth 3Y-40.59%
ROICexc growth 5Y-12.69%
OM growth 3Y-27.84%
OM growth 5Y-7.44%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.53%
GM growth 5Y1.83%
F-Score4
Asset Turnover1.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.54 | ||
| Debt/FCF | 10.95 | ||
| Debt/EBITDA | 9.08 | ||
| Cap/Depr | 101.19% | ||
| Cap/Sales | 1.32% | ||
| Interest Coverage | 1.02 | ||
| Cash Conversion | 108.07% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.24 | ||
| Quick Ratio | 0.25 | ||
| Altman-Z | 1.64 |
F-Score4
WACC8.91%
ROIC/WACC0.46
Cap/Depr(3y)88.69%
Cap/Depr(5y)129.26%
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)-76.9%
EPS 3Y-47.9%
EPS 5YN/A
EPS Q2Q%-42.11%
EPS Next Y53.42%
EPS Next 2Y58.64%
EPS Next 3Y66.44%
EPS Next 5YN/A
Revenue 1Y (TTM)-7.71%
Revenue growth 3Y13.01%
Revenue growth 5Y18.22%
Sales Q2Q%3.24%
Revenue Next Year0.7%
Revenue Next 2Y2.37%
Revenue Next 3Y2.7%
Revenue Next 5YN/A
EBIT growth 1Y-48.2%
EBIT growth 3Y-18.45%
EBIT growth 5Y9.42%
EBIT Next Year8.47%
EBIT Next 3Y19.64%
EBIT Next 5YN/A
FCF growth 1Y168.55%
FCF growth 3Y-60.92%
FCF growth 5YN/A
OCF growth 1Y199.57%
OCF growth 3Y-39.76%
OCF growth 5YN/A