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 121 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
ONEW had positive earnings in the past year.
ONEW had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: ONEW reported negative net income in multiple years.
Of the past 5 years ONEW 4 years had a positive operating cash flow.
1.2 Ratios
ONEW has a Return On Assets (-0.40%) which is in line with its industry peers.
ONEW has a Return On Equity (-1.73%) which is comparable to the rest of the industry.
ONEW has a Return On Invested Capital of 3.47%. This is comparable to the rest of the industry: ONEW outperforms 51.24% of its industry peers.
ONEW had an Average Return On Invested Capital over the past 3 years of 9.16%. This is below the industry average of 13.07%.
The 3 year average ROIC (9.16%) for ONEW is well above the current ROIC(3.47%). The reason for the recent decline needs to be investigated.
| 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.
ONEW's Operating Margin has declined in the last couple of years.
The Gross Margin of ONEW (23.53%) is worse than 75.21% of its industry peers.
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.
The number of shares outstanding for ONEW has been increased compared to 1 year ago.
The number of shares outstanding for ONEW has been increased compared to 5 years ago.
The debt/assets ratio for ONEW has been reduced compared to a year ago.
2.2 Solvency
ONEW has an Altman-Z score of 1.56. This is a bad value and indicates that ONEW is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of ONEW (1.56) is worse than 63.64% of its industry peers.
The Debt to FCF ratio of ONEW is 9.99, which is on the high side as it means it would take ONEW, 9.99 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 9.99, ONEW perfoms like the industry average, outperforming 55.37% of the companies in the same industry.
ONEW has a Debt/Equity ratio of 2.38. This is a high value indicating a heavy dependency on external financing.
ONEW's Debt to Equity ratio of 2.38 is on the low side compared to the rest of the industry. ONEW is outperformed by 71.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.38 | ||
| Debt/FCF | 9.99 | ||
| Altman-Z | 1.56 |
ROIC/WACC0.4
WACC8.63%
2.3 Liquidity
A Current Ratio of 1.20 indicates that ONEW should not have too much problems paying its short term obligations.
ONEW has a Current ratio (1.20) which is in line with its industry peers.
ONEW has a Quick Ratio of 1.20. This is a bad value and indicates that ONEW is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of ONEW (0.33) is worse than 65.29% of its industry peers.
| 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.
ONEW shows a decrease in Revenue. In the last year, the revenue decreased by -6.22%.
The Revenue has been growing by 18.22% on average over the past years. This is quite good.
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 50.27% on average per year.
Based on estimates for the next years, ONEW will show a small growth in Revenue. The Revenue will grow by 0.94% on average per year.
EPS Next Y-18.82%
EPS Next 2Y27.26%
EPS Next 3Y50.27%
EPS Next 5YN/A
Revenue Next Year-2.75%
Revenue Next 2Y0.24%
Revenue Next 3Y0.94%
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
With a Price/Earnings ratio of 54.64, ONEW can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of ONEW is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 27.30. ONEW is valued rather expensively when compared to this.
With a Price/Forward Earnings ratio of 9.64, the valuation of ONEW can be described as very reasonable.
Based on the Price/Forward Earnings ratio, ONEW is valued cheaper than 82.64% of the companies in the same industry.
ONEW is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.76, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 54.64 | ||
| Fwd PE | 9.64 |
4.2 Price Multiples
ONEW's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ONEW is cheaper than 73.55% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, ONEW is valued cheaper than 96.69% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.66 | ||
| EV/EBITDA | 7.04 |
4.3 Compensation for Growth
A more expensive valuation may be justified as ONEW's earnings are expected to grow with 50.27% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y27.26%
EPS Next 3Y50.27%
5. Dividend
5.1 Amount
No dividends for ONEW!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
15.3
-0.61 (-3.83%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners78.51%
Inst Owner Change0%
Ins Owners29.07%
Ins Owner Change0.29%
Market Cap249.54M
Analysts78.33
Price Target17.09 (11.7%)
Short Float %22.41%
Short Ratio16.6
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)-4.29%
PT rev (3m)-24.55%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-21.16%
EPS NY rev (1m)1.96%
EPS NY rev (3m)-47.08%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.15%
Revenue NY rev (1m)-0.17%
Revenue NY rev (3m)-3.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 54.64 | ||
| Fwd PE | 9.64 | ||
| P/S | 0.14 | ||
| P/FCF | 2.66 | ||
| P/OCF | 2.23 | ||
| P/B | 0.65 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.04 |
EPS(TTM)0.28
EY1.83%
EPS(NY)1.59
Fwd EY10.37%
FCF(TTM)5.74
FCFY37.53%
OCF(TTM)6.87
OCFY44.89%
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 | 1.56 |
F-Score3
WACC8.63%
ROIC/WACC0.4
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-18.82%
EPS Next 2Y27.26%
EPS Next 3Y50.27%
EPS Next 5YN/A
Revenue 1Y (TTM)-6.22%
Revenue growth 3Y13.01%
Revenue growth 5Y18.22%
Sales Q2Q%-0.98%
Revenue Next Year-2.75%
Revenue Next 2Y0.24%
Revenue Next 3Y0.94%
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