OneWater Marine (NASDAQ:ONEW) & SNDL (NASDAQ:SNDL) Head-To-Head Review

SNDL (NASDAQ:SNDL) and OneWater Marine (NASDAQ:ONEW) are both small-cap consumer discretionary companies, but which is the better stock? We will compare the two businesses based on the strength of their valuation, dividends, risk, profitability, analyst recommendations, earnings and institutional ownership.

Risk and Volatility

SNDL has a beta of 0.93, indicating that its stock price is 7% less volatile than the S&P 500. Comparatively, OneWater Marine has a beta of 1.51, indicating that its stock price is 51% more volatile than the S&P 500.

Institutional & Insider Ownership

94.3% of OneWater Marine shares are owned by institutional investors. 19.5% of OneWater Marine shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Analyst Recommendations

This is a summary of recent recommendations for SNDL and OneWater Marine, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
SNDL	1	1	1	0	2.00
OneWater Marine	1	2	2	0	2.20

SNDL presently has a consensus target price of $5.00, suggesting a potential upside of 306.50%. OneWater Marine has a consensus target price of $13.33, suggesting a potential upside of 10.74%. Given SNDL’s higher probable upside, equities analysts clearly believe SNDL is more favorable than OneWater Marine.

Profitability

This table compares SNDL and OneWater Marine’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
SNDL	-2.36%	-2.01%	-1.67%
OneWater Marine	-6.72%	2.20%	0.44%

Earnings & Valuation

This table compares SNDL and OneWater Marine”s revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
SNDL	$677.32 million	0.47	-$11.29 million	($0.06)	-20.50
OneWater Marine	$1.87 billion	0.11	-$114.58 million	($7.46)	-1.61

SNDL has higher earnings, but lower revenue than OneWater Marine. SNDL is trading at a lower price-to-earnings ratio than OneWater Marine, indicating that it is currently the more affordable of the two stocks.

Summary

OneWater Marine beats SNDL on 9 of the 14 factors compared between the two stocks.

About SNDL

SNDL Inc. engages in the production, distribution, and sale of cannabis products in Canada. The company operates through Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments segments. It engages in the cultivation, distribution, and sale of cannabis for the adult-use and medical markets; sells wines, beers, and spirits through wholly owned liquor stores; and private sale of recreational cannabis through wholly owned and franchised retail cannabis stores. In addition, the company produces and distributes inhalable products, such as flower, pre-rolls, and vapes. It offers its products under the Top Leaf, Sundial Cannabis, Palmetto, and Grasslands brands. The company was formerly known as Sundial Growers Inc. and changed its name to SNDL Inc. in July 2022. SNDL Inc. was incorporated in 2006 and is headquartered in Calgary, Canada.

About OneWater Marine

OneWater Marine Inc. operates as a recreational boat retailer in the United States. The company offers new and pre-owned recreational boats and yachts, as well as related marine products, such as parts and accessories. It provides boat repair and maintenance services. In addition, the company arranges boat financing and insurance; and other ancillary services, including indoor and outdoor storage, and marina services. Further, it provides rental of boats and personal watercraft services. OneWater Marine Inc. was founded in 2014 and is headquartered in Buford, Georgia.