OneSpaWorld Holdings Limited (OSW) vs YETI Holdings, Inc. (YETI)

OneSpaWorld Holdings Limited and YETI Holdings, Inc. are both Leisure companies. YETI Holdings, Inc. is the larger, with a market value of $3.1B against $2.3B — 1.3× the size. YETI Holdings, Inc. trades at the lower P/E: 18.1× against 28.7×. OneSpaWorld Holdings Limited grew revenue faster over the last twelve months: 9.82% against 6.24%. YETI Holdings, Inc. has the higher net margin (9.24% vs 8.02%) and the higher return on invested capital (22.7% vs 9.04%). Across the 22 metrics below, YETI Holdings, Inc. leads on 16 and OneSpaWorld Holdings Limited on 6.

Valuation

Metric OSW YETI Leisure median
P/E 28.65 18.15 17.42
P/S 2.32 1.63 1.02
P/B 4.02 5.18 2.13
Price to free cash flow 29.90 16.37 11.49
EV/EBITDA 20.29 10.93 9.97
EV/Sales 2.36 1.65 2.00
Earnings yield 3.49% 5.51% 2.85%
Free cash flow yield 3.34% 6.11% 3.64%

Profitability

Metric OSW YETI Leisure median
Gross margin 16.79% 59.21% 48.02%
Operating margin 8.92% 12.18% 3.08%
Net margin 8.02% 9.24% 2.58%
Free cash flow margin 7.75% 9.97% 2.13%
Return on equity 14.32% 25.32% 0.00%
Return on assets 11.08% 13.73% 0.05%
Return on invested capital 9.04% 22.66% 3.95%

Growth

Metric OSW YETI Leisure median
Revenue growth (TTM) 9.82% 6.24% 3.28%
EPS growth (last fiscal year) 0.00% (0.98%) —
Revenue growth, 5-year CAGR 51.37% 11.35% 4.22%
Net income growth, 5-year CAGR 0.00% 1.20% 0.00%

Health

Metric OSW YETI Leisure median
Debt to equity 0.14 0.17 0.02
Current ratio 2.91 1.75 1.76
Net debt to EBITDA 0.62 (0.43) 1.85

Dividend

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

Size

Metric OSW YETI Leisure median
Market cap 2.29b 3.06b 293.27m

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