OneSpaWorld Holdings Limited operates health and wellness centers onboard cruise ships and at destination resorts in the United States and internationally.
Screened 2026-08-26 · the tape above runs as of 10:31 UTC · 13 Sep · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its distribution label.
OneSpaWorld Holdings Limited holds its Distribution at $26.47. Elevated stress, defensive posture warranted, held for 18 days.
As held on the ledger · 2026-08-26
Phase
Distribution · caution
Quantitative state
Elevated stress, defensive posture warranted, held for 18 days
Price at the screen
$26.47
Valuation
33.51 trailing · 20.28 forward price to earnings
Values screen
PASS· score 70.0
Beta
0.91
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
13.34%
Below 33%
Interest-bearing debt is just 13.3% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
9.08%
Below 49%
Money owed to the company is 9.1% of assets, under the 49% limit.
Pass
Revenue purity
0.05%
Below 5%
Only 0.1% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-08-26 screen. The gold marker is the market price at the same screen. A 10.9% margin of safety to the base estimate.
Third-party analyst targets: 5 covering, consensus None. The average target sits +13% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-08-26 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Cruise ship spas offer little margin for error
Picture a passenger stepping off a Caribbean liner and straight into a massage cabin. OneSpaWorld runs those cabins on dozens of vessels and a handful of resorts. Revenue is expanding 13 percent, yet the shares sit only 7 percent below our fair value at a forward multiple of 20.4 times. That slim gap and an opportunity rating of none tell us to step aside.
The business earns an 8 percent profit margin and a 14 percent return on equity while clearing our ethical screen. Five analysts cluster around a 28 dollar median target that barely moves the needle from the current 26.41 dollar price. Without a clearer discount or a stronger moat, the numbers do not justify taking a position.
Cruise volumes remain hostage to fuel prices, health scares and discretionary spending swings. A cyclical consumer name trading near fair value can easily become a value trap if earnings peak and multiples compress. Analysis, not advice.
The risks · The things to watch: its business and earnings are exposed to Bahamas and to currency swings.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
OSW trades on Nasdaq (the company is based in Bahamas). As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The framework has shifted from markup to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved up 1.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is momentum reading neutral. Over the past year the shares are up 22%. Our forward projection puts the odds of a 10% gain over the next month near 28%. The street (5 analysts) rates it strong buy, with a mean price target of $29.
2026-08-08Markup$26.21+1.6%Entry 4
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 1.6% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is momentum reading neutral. Over the past year the shares are up 22%. Our forward projection puts the odds of a 10% gain over the next month near 28%. The street (5 analysts) rates it strong buy, with a mean price target of $29.
2026-07-18Markup$25.79+0.0%Entry 3
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is momentum reading neutral. Over the past year the shares are up 22%. Our forward projection puts the odds of a 10% gain over the next month near 28%. The street (5 analysts) rates it strong buy, with a mean price target of $29.
2026-07-03Markup$25.79+0.0%Entry 2
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
2026-07-02Markup$25.79Entry 1
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
