OSW
OneSpaWorld Holdings Limited
$23.99
Platform & Compounding FCF
85%
Two-stage FCF DCF
Mild
·
Conviction
Overvalued
Trading 0.8% above fair value
You pay
$23.99
Bear
$13.46
Fair
$23.81
Bull
$36.22
Bear
$13.46
-43.9%
11% stage 1 growth, 11% discount
Fair
$23.81
-0.8%
18% stage 1 growth, 11% discount
Bull
$36.22
+51.0%
23% stage 1 growth, 11% discount
Key Value Driver
FCF growth rate (18% base case)
Terminal Value % of EV
45%
Implied Market Multiple
41.4x
Summary
Our base-case estimate uses a two-stage discounted cash flow model based on free cash flow. We then blend that result with the average analyst price target of $27.67 from 11 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $23.81 per share.
Key Risks
- P/E alone misleads — earnings depressed by growth investment
- Cyclical or commodity businesses may be misclassified as platforms
- Terminal value dominance suggests sensitivity to long-run assumptions