Added to YB: 2025-07-23
Pitch date: 2025-07-23
OSW [neutral]
OneSpaWorld Holdings Limited
+2.03%
current return
Author Info
No bio for this author
Company Info
OneSpaWorld Holdings Limited operates health and wellness centers onboard cruise ships and at destination resorts in the United States and internationally.
Market Cap
$2.2B
Pitch Price
$21.68
Price Target
N/A
Dividend
0.92%
EV/EBITDA
19.14
P/E
31.23
EV/Sales
2.45
Sector
Diversified Consumer Services
Category
value
When Misunderstandings Create Opportunities
OSW: OneSpaWorld is an asset-light onboard spa operator whose exposure begins after cruise passengers board, insulating it from ticket discounting; cruise passenger volumes were resilient during the GFC, though onboard and spa spending declined. Cruise lines fund build-outs and maintenance, while revenue, margins and FCF have grown and leverage has fallen. After rebounding more than 28%, however, the current 18.6x NTM EV/EBITDA leaves limited upside absent a pullback.
Read full article (8 min)