OneWater Marine: Solid Business With M&A Strategy Priced Attractively [Seeking Alpha]
OneWater Marine Inc. - Class A (ONEW)
Company Research
Source: Seeking Alpha
The company has developed a compelling competitive position, underpinned by strong geographical reach and relationships with manufacturers. We expect value to be extracted through further M&A as well as optimizing its existing operations. Even if industry growth slows, ONEW could deliver ~10% on the top-line. ONEW is competitive relative to its peers, despite trading at a discount of ~100%. We see considerable value in this region. ONEW is trading at a FCF yield of ~13%, much of which will be utilized for accretive M&A, as Management targets an acquisition multiple of 4x EBITDA while trading at ~9x currently. Company description and thesis OneWater Marine ( NASDAQ: ONEW ) is a prominent player in the marine industry, specializing in the sale of boats, yacht brokerage, and related services. The company is renowned for its extensive product portfolio. ONEW is positioned as an attractive consolidator that has shown an ability to identify attractive targets and integrate them
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ONEW
News
- Analysts Estimate OneWater Marine (ONEW) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
- Sport Fishing Championship's Rising Son's/Team Verizon Wins The Catch, Powered By Verizon; $100K Donated to Coast Guard Foundation [Yahoo! Finance]Yahoo! Finance
- OneWater Marine Inc. Announces Fiscal Second Quarter 2024 Earnings Release Date and Conference Call Information [Yahoo! Finance]Yahoo! Finance
- OneWater Marine Inc. Announces Fiscal Second Quarter 2024 Earnings Release Date and Conference Call InformationGlobeNewswire
- Q4 Rundown: OneWater (NASDAQ:ONEW) Vs Other Automotive and Marine Retail Stocks [Yahoo! Finance]Yahoo! Finance
ONEW
Earnings
- 2/1/24 - Miss
ONEW
Sec Filings
- 3/6/24 - Form 4
- 2/23/24 - Form 8-K
- 2/13/24 - Form SC
- ONEW's page on the SEC website