What is ONESPAWORLD HOLDINGS Ltd worth?
With the base-case assumptions below, a discounted cash flow model on ONESPAWORLD HOLDINGS Ltd's reported free cash flow gives $21.44 per share. The share price was $32.47 on November 9, 2026, 51% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $12.88 | -60% |
| Base | 15.0% | 9.0% | $21.44 | -34% |
| Bull | 20.0% | 8.0% | $37.38 | +15% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $27.93 | $29.95 | $32.42 | $35.50 | $39.47 |
| 8.0% | $23.06 | $24.37 | $25.92 | $27.77 | $30.05 |
| 9.0% | $19.51 | $20.41 | $21.44 | $22.65 | $24.08 |
| 10.0% | $16.83 | $17.47 | $18.19 | $19.01 | $19.97 |
| 11.0% | $14.73 | $15.19 | $15.72 | $16.30 | $16.97 |
Where the presets come from
Base: years 1 to 5 grow at ONESPAWORLD HOLDINGS Ltd's revenue growth rate over the last 5 fiscal years (51.4% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions