$OneSpaWorld (OSW.US)$In 2019, listing revenue reached 562 m...
$OneSpaWorld(OSW.US$In 2019, listing revenue reached 562 million. After that, in the face of the pandemic, revenue fell sharply by 78.5%, and gradually recovered to 550 million in the past two years. Operating profit was lost from 2019 to 2021, only reversed to 15 million in 2022, and net profit reached 53 million in 2022.
The income statement shows that 2022 operating profit was slightly lower than interest expenses, mainly net profit from the sale of securities of a sum of 54 million dollars.
2023Q1 revenue increased 1.1 times to 182 million, operating profit turned a loss to 11 million, and net profit lost 16 million dollars due to loss from the sale of securities.
The current market capitalization is 1.17 billion, and the price-earnings ratio is 25.7. If the net profit for the whole year reaches 50 million, the price-earnings ratio will also reach 23.4 times. Judging from the current profitability, the valuation is still a bit high.
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