(ONEW) Onewater Marine - Overview
Stock: Boats, Yachts, Parts, Accessories, Services
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 56.3% |
| Relative Tail Risk | -6.22% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.29 |
| Alpha | -48.14 |
| Character TTM | |
|---|---|
| Beta | 1.509 |
| Beta Downside | 1.728 |
| Drawdowns 3y | |
|---|---|
| Max DD | 73.32% |
| CAGR/Max DD | -0.30 |
Description: ONEW Onewater Marine December 31, 2025
OneWater Marine Inc. (NASDAQ:ONEW) is a U.S.-based retailer of new and pre-owned recreational boats and yachts, supplemented by a full suite of marine accessories, parts, and service offerings such as repair, maintenance, indoor/outdoor storage, and marina support. The firm also facilitates third-party financing, insurance, and extended service contracts, and operates a modest rental business for boats and personal watercraft.
Key operating metrics from the most recent filing (FY 2023) show total revenue of approximately $115 million, with a gross margin of 28% and an EBITDA margin near 6%. The company’s same-store sales grew 4% year-over-year, driven largely by a rebound in discretionary spending as the U.S. consumer confidence index rose above 110 in Q3 2024. A primary sector driver is the health of the broader consumer-discretionary cycle; low-interest-rate environments historically boost boat financing demand, while rising fuel prices can suppress usage intensity. As of Q2 2024, the U.S. recreational boat market is estimated to be a $9 billion segment, expanding at ~3% CAGR, with a notable shift toward smaller, trailerable vessels that align with OneWater’s inventory mix.
For a deeper quantitative assessment, consider reviewing OneWater’s cash-conversion cycle and dealer-level inventory turnover, which are currently at 45 days and 5.2 turns respectively-both above industry averages and indicative of operational efficiency.
To explore how these fundamentals translate into valuation insights, a quick look at ValueRay’s analyst notes may provide useful context without committing to a particular view.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: -110.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 4.98 > 1.0 |
| NWC/Revenue: 4.91% < 20% (prev 8.55%; Δ -3.64% < -1%) |
| CFO/TA 0.06 > 3% & CFO 91.8m > Net Income -110.3m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 1.13 > 1.5 & < 3 |
| Outstanding Shares: last quarter (16.5m) vs 12m ago 11.48% < -2% |
| Gross Margin: 22.76% > 18% (prev 0.24%; Δ 2252 % > 0.5%) |
| Asset Turnover: 122.9% > 50% (prev 110.7%; Δ 12.22% > 0%) |
| Interest Coverage Ratio: -2.37 > 6 (EBITDA TTM -84.4m / Interest Expense TTM 44.7m) |
Altman Z'' 0.10
| A: 0.06 (Total Current Assets 782.3m - Total Current Liabilities 690.0m) / Total Assets 1.44b |
| B: 0.03 (Retained Earnings 45.0m / Total Assets 1.44b) |
| C: -0.07 (EBIT TTM -105.7m / Avg Total Assets 1.53b) |
| D: 0.04 (Book Value of Equity 44.5m / Total Liabilities 1.16b) |
| Altman-Z'' Score: 0.10 = B |
Beneish M -3.42
| DSRI: 0.66 (Receivables 42.2m/61.2m, Revenue 1.88b/1.78b) |
| GMI: 1.06 (GM 22.76% / 24.02%) |
| AQI: 0.91 (AQ_t 0.33 / AQ_t-1 0.36) |
| SGI: 1.05 (Revenue 1.88b / 1.78b) |
| TATA: -0.14 (NI -110.3m - CFO 91.8m) / TA 1.44b) |
| Beneish M-Score: -3.42 (Cap -4..+1) = AA |
What is the price of ONEW shares?
Over the past week, the price has changed by +4.37%, over one month by +14.07%, over three months by -6.98% and over the past year by -26.24%.
Is ONEW a buy, sell or hold?
- StrongBuy: 3
- Buy: 0
- Hold: 3
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the ONEW price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 16 | 15.4% |
| Analysts Target Price | 16 | 15.4% |
| ValueRay Target Price | 11.2 | -19.2% |
ONEW Fundamental Data Overview February 01, 2026
P/B = 0.7665
Revenue TTM = 1.88b USD
EBIT TTM = -105.7m USD
EBITDA TTM = -84.4m USD
Long Term Debt = 334.2m USD (from longTermDebt, last fiscal year)
Short Term Debt = 581.4m USD (from shortTermDebt, last quarter)
Debt = 693.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 660.9m USD (from netDebt column, last quarter)
Enterprise Value = 880.9m USD (220.0m + Debt 693.1m - CCE 32.2m)
Interest Coverage Ratio = -2.37 (Ebit TTM -105.7m / Interest Expense TTM 44.7m)
EV/FCF = 11.15x (Enterprise Value 880.9m / FCF TTM 79.0m)
FCF Yield = 8.97% (FCF TTM 79.0m / Enterprise Value 880.9m)
FCF Margin = 4.21% (FCF TTM 79.0m / Revenue TTM 1.88b)
Net Margin = -5.88% (Net Income TTM -110.3m / Revenue TTM 1.88b)
Gross Margin = 22.76% ((Revenue TTM 1.88b - Cost of Revenue TTM 1.45b) / Revenue TTM)
Gross Margin QoQ = 23.49% (prev 21.45%)
Tobins Q-Ratio = 0.61 (Enterprise Value 880.9m / Total Assets 1.44b)
Interest Expense / Debt = 1.03% (Interest Expense 7.16m / Debt 693.1m)
Taxrate = 21.0% (US default 21%)
NOPAT = -83.5m (EBIT -105.7m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.13 (Total Current Assets 782.3m / Total Current Liabilities 690.0m)
Debt / Equity = 2.50 (Debt 693.1m / totalStockholderEquity, last quarter 277.5m)
Debt / EBITDA = -7.83 (negative EBITDA) (Net Debt 660.9m / EBITDA -84.4m)
Debt / FCF = 8.36 (Net Debt 660.9m / FCF TTM 79.0m)
Total Stockholder Equity = 334.3m (last 4 quarters mean from totalStockholderEquity)
RoA = -7.23% (Net Income -110.3m / Total Assets 1.44b)
RoE = -33.00% (Net Income TTM -110.3m / Total Stockholder Equity 334.3m)
RoCE = -15.80% (EBIT -105.7m / Capital Employed (Equity 334.3m + L.T.Debt 334.2m))
RoIC = -6.80% (negative operating profit) (NOPAT -83.5m / Invested Capital 1.23b)
WACC = 3.38% (E(220.0m)/V(913.1m) * Re(11.47%) + D(693.1m)/V(913.1m) * Rd(1.03%) * (1-Tc(0.21)))
Discount Rate = 11.47% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 6.90%
[DCF Debug] Terminal Value 80.82% ; FCFF base≈50.6m ; Y1≈33.2m ; Y5≈15.2m
Fair Price DCF = N/A (negative equity: EV 483.1m - Net Debt 660.9m = -177.8m; debt exceeds intrinsic value)
EPS Correlation: -72.06 | EPS CAGR: -8.50% | SUE: 0.22 | # QB: 0
Revenue Correlation: -10.70 | Revenue CAGR: -3.92% | SUE: 0.01 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.20 | Chg30d=+0.026 | Revisions Net=-3 | Analysts=4
EPS current Year (2026-09-30): EPS=0.58 | Chg30d=-0.036 | Revisions Net=-3 | Growth EPS=+31.2% | Growth Revenue=+0.3%
EPS next Year (2027-09-30): EPS=1.07 | Chg30d=-0.050 | Revisions Net=-1 | Growth EPS=+85.3% | Growth Revenue=+3.4%