Fundamental analysis OSW (OneSpaWorld Holdings Ltd)
Updated on 06/08/2026
Method and analysis by Lubin Danilo, founder of Lubin Investment. Score computed automatically, with no human opinion.
We analyzed OneSpaWorld Holdings stock against the 10 quality criteria of Lubin Investment. The company gets a quality score of 7/10, meaning medium quality, and a P/FCF valuation multiple of 47.8×.
OneSpaWorld Holdings is a quality company by our criteria, but the price does not follow: the free cash flow multiple stays high. A great company bought too expensively is still a poor investment, so this is typically one to watch while waiting for a better entry point.
Sector: Leisure. Listing: US. Current price: 26.21 USD.
Lubin scoring methodology
OneSpaWorld Holdings Ltd (OSW)'s score is calculated automatically from 10 objective financial criteria, with no human intervention or opinion. Each criterion is validated (YES / PARTIAL / NO) based on thresholds drawn from the financial literature (Warren Buffett, Michael Mauboussin, Aswath Damodaran). The final score is the sum of validations.
The thresholds come from the financial literature, not from our preferences: see the valuation work of Aswath Damodaran (NYU Stern) and the SEC investor education resources (investor.gov).
OneSpaWorld Holdings's accounts are public: you can check every figure in its official 10-K filings with the SEC (EDGAR).
The 10 quantitative criteria analyzed
- Profitable: net margin > 5%
- Growing revenue: revenue growing > 10%/year over 5 years
- Growing earnings per share: FCF per share adjusted for stock-based compensation, > 10%/year over 5 years
- Share count under control: stable or declining (net buybacks = value creation for shareholders)
- Growing revenue per employee: revenue and revenue per employee both grow ≥ 10%/year over 5 years; partial when only one growth driver reaches its tier (fallback: free cash flow margin > 10% when employee history is unavailable)
- Expanding margins: operating margin widens over 5 years (operating leverage)
- Return on invested capital: Cash ROCE > 15% per year
- Debt under control: net debt repayable in less than 3 years of free cash flow
- Earnings converted to cash: free cash flow exceeds accounting net income
- Net collection period: short or negative cash conversion cycle
Its price against peers
Against the 5 other Leisure stocks we have scored, OneSpaWorld Holdings trades at 47.8× its free cash flow, versus a median of 25.0× for that basket. On price alone, OneSpaWorld Holdings is therefore more expensive than its peers. That says nothing about its quality: at Lubin Investment, quality and price are judged separately, and a low multiple is only a bargain if the quality holds up.
Frequently asked questions
Is OneSpaWorld Holdings a quality stock?
OneSpaWorld Holdings gets a quality score of 7/10 (medium quality), calculated over the 10 Lubin Investment criteria: profitability, revenue and free cash flow growth, share buybacks, margins, debt and return on capital.
How is OneSpaWorld Holdings's score calculated?
The score is the total of validated criteria (YES / PARTIAL / NO) using thresholds drawn from the financial literature (Warren Buffett, Mauboussin, Aswath Damodaran), automatically and with no human opinion.
What is OneSpaWorld Holdings's P/FCF?
The price-to-free-cash-flow (P/FCF) multiple of OneSpaWorld Holdings stock is 47.8×. At Lubin Investment, valuation is judged separately from quality.
Where to see OneSpaWorld Holdings's full analysis?
The full interactive analysis (10-criteria detail, history, P/FCF valuation, sector comparisons) is available at https://lubin-investment.com/analyse/OSW?lng=en.
Other stocks in the Leisure sector
- Technogym (TGYM.MI), score 10/10, P/FCF 25.0×
- Pop Mart International Group (9992.HK), score 10/10, P/FCF 38.6×
- Songcheng Performance Development Co.,Ltd (300144.SZ), score 10/10, P/FCF 11.4×
- Games Workshop Group (GAW.L), score 9/10, P/FCF 25.9×
Go further
👉 See the full interactive analysis of OSW
Other resources : All stocks in the Leisure sector.