OneSpaWorld Holdings Limited (OSW) vs Planet Fitness, Inc. (PLNT)

OneSpaWorld Holdings Limited and Planet Fitness, Inc. are both Leisure companies. Planet Fitness, Inc. is the larger, with a market value of $3.1B against $2.3B — 1.4× the size. Planet Fitness, Inc. trades at the lower P/E: 14.4× against 28.7×. Planet Fitness, Inc. grew revenue faster over the last twelve months: 12.7% against 9.82%. Planet Fitness, Inc. has the higher net margin (16.9% vs 8.02%) and the higher return on invested capital (19.7% vs 9.04%). Across the 20 metrics below, Planet Fitness, Inc. leads on 13 and OneSpaWorld Holdings Limited on 7.

Valuation

Metric OSW PLNT Leisure median
P/E 28.65 14.41 17.42
P/S 2.32 2.32 1.02
P/B 4.02 n/m 2.13
Price to free cash flow 29.90 12.51 11.49
EV/EBITDA 20.29 8.78 9.97
EV/Sales 2.36 3.74 2.00
Earnings yield 3.49% 6.94% 2.85%
Free cash flow yield 3.34% 7.99% 3.64%

Profitability

Metric OSW PLNT Leisure median
Gross margin 16.79% 81.67% 48.02%
Operating margin 8.92% 30.91% 3.08%
Net margin 8.02% 16.88% 2.58%
Free cash flow margin 7.75% 18.57% 2.13%
Return on equity 14.32% (61.54%) 0.00%
Return on assets 11.08% 7.77% 0.05%
Return on invested capital 9.04% 19.65% 3.95%

Growth

Metric OSW PLNT Leisure median
Revenue growth (TTM) 9.82% 12.70% 3.28%
EPS growth (last fiscal year) 0.00% 31.00% —
Revenue growth, 5-year CAGR 51.37% 26.63% 4.22%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric OSW PLNT Leisure median
Debt to equity 0.14 (4.02) 0.02
Current ratio 2.91 1.58 1.76
Net debt to EBITDA 0.62 3.53 1.85

Dividend

Metric OSW PLNT Leisure median
Dividend yield — — 2.86%
Payout ratio 0.00 0.00 0.00

Size

Metric OSW PLNT Leisure median
Market cap 2.29b 3.10b 293.27m

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