Onewater Marine Intrinsic Value Calculator – ONEWATER MARINE Reports Record Third Quarter Earnings for FY2023
August 7, 2023
🌥️Earnings Overview
On June 30 2023, ONEWATER MARINE ($NASDAQ:ONEW) released their earnings results for the third quarter of FY2023, which ended on that date. Revenue for the quarter was USD 594.3 million, up 4.5% from the same period in the prior year. However, net income for the quarter declined by 49.0%, amounting to USD 28.6 million.
Market Price
Despite the company’s impressive performance, their stock opened at $27.0 and closed at $26.5 — a 28.8% plunge from its prior closing price of 37.2. This sharp decline was likely due to the uncertainty surrounding the marine industry as a whole. Despite the challenges, ONEWATER MARINE has managed to remain afloat. The company’s success can be attributed to its focus on providing quality customer service and innovative products.
ONEWATER MARINE has consistently remained ahead of the competition through its commitment to investing in research and development. This, combined with their efficient production processes, has enabled them to remain profitable even in times of economic difficulty. With their impressive performance and commitment to innovation, the company is well positioned to continue to succeed in the long-term. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Onewater Marine. More…
| Total Revenues | Net Income | Net Margin |
| 1.88k | 78.92 | 4.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Onewater Marine. More…
| Operations | Investing | Financing |
| -118.39 | -476.84 | 456.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Onewater Marine. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.77k | 1.25k | 31.51 |
Key Ratios Snapshot
Some of the financial key ratios for Onewater Marine are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 25.1% | 31.8% | 9.1% |
| FCF Margin | ROE | ROA |
| -7.3% | 24.7% | 6.1% |
Analysis – Onewater Marine Intrinsic Value Calculator
At GoodWhale, we recently completed an analysis of ONEWATER MARINE‘s financials. We calculated the intrinsic value of ONEWATER MARINE shares to be $40.5 using our proprietary Valuation Line. Currently, the stock is trading at $26.5, meaning it is significantly undervalued by 34.5%. We believe this presents a good opportunity for investors to buy at the discounted price. We recommend investors take advantage of this opportunity while keeping in mind that stock prices can be volatile and nothing is certain. More…
Peers
OneWater Marine Inc is a leading retailer of new and used boats, with over 60 locations across the United States. The company has a strong presence in the Southeast and Midwest, and is expanding its reach nationwide. OneWater Marine Inc’s competitors include Tokatsu Holdings Co Ltd, Sonic Automotive Inc, and Lazydays Holdings Inc. Each of these companies has a significant presence in the boat retail market, and they are all competing for market share. OneWater Marine Inc is well-positioned to continue its growth and take market share from its competitors.
– Tokatsu Holdings Co Ltd ($TSE:2754)
Tokatsu Holdings Co Ltd has a market cap of 1.62B as of 2022, a Return on Equity of 5.23%. The company operates in the Tokatsu region of central Japan and is involved in the development, manufacture and sale of products and services for the automotive, construction and other industries. The company has a strong presence in the Japanese market and is expanding its operations globally.
– Sonic Automotive Inc ($NYSE:SAH)
Sonic Automotive Inc is a leading automotive retailer that operates in various states across the United States. The company has a market cap of 1.77B as of 2022 and a Return on Equity of 31.11%. Sonic Automotive Inc is engaged in the business of selling new and used vehicles, financing, and insurance services. The company has a strong presence in the automotive retail industry and is one of the largest automotive retailers in the United States.
– Lazydays Holdings Inc ($NASDAQ:LAZY)
Lazydays Holdings Inc. is an American company that operates RV dealerships. As of 2022, it has a market capitalization of 138.35 million and a return on equity of 41.96%.
The company was founded in 1976 by S. David Levinson and his wife, Mary, in Tampa, Florida. Levinson had worked in the automotive industry and saw an opportunity to provide a one-stop shop for RV owners, where they could purchase RVs, get them serviced, and buy supplies all in one place.
Lazydays has grown steadily over the years, and today operates dealerships in Arizona, Colorado, Florida, Georgia, Louisiana, Minnesota, Nevada, Ohio, and Texas. In addition to selling RVs, the company also offers RV rentals, financing, and insurance.
Summary
Investors in ONEWATER MARINE were disappointed with the company’s third quarter FY2023 earnings results, as total revenue increased by 4.5% year over year to USD 594.3 million, but net income decreased by a steep 49.0% to USD 28.6 million. The stock price moved down in response, indicating that investors were not optimistic about the company’s performance. With its third quarter of FY2023 being a disappointment, investors will be closely watching the company’s next earnings report to see if it can turn around its fortunes.
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