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OBOOK Holdings Inc.

OWLS·NASDAQ

$6.08

+4.3%
TechnologySoftware - Infrastructure

OBOOK Holdings Inc. operates as a blockchain technology company in United States, Japan, Singapore, Hong Kong, Malaysia and Thailand, as well as jurisdictions in South America and the EU. The company offers e-commerce, hospitality and payments offerings to businesses and individuals whose commercial activities involve cross-border transactions. The company's products include OwlTing Market, an e-commerce platform designed to connect local Taiwanese farmers and merchants with their customers; OwlTing Blockchain Services, a blockchain traceability solution that empowers organic farmers with transparency of their business and operations; OwlNest, a hotel property management system or PMS, that leverages blockchain technology to prevent double bookings; OwlJourney; an online travel agency, or OTA, platform that benefits from accurate real-time inventory; and OwlPay, an application programming interface, or API, based payment suite with secure, real-time and cost-effective one-stop payment solutions covering a range of services from payment gateway to business payout; and OwlPay Wallet Pro, a platform product that provides a hosted wallet for business customers and an unhosted wallet for individual users. The company mainly offers e-commerce and blockchain applications with services in global travel, food safety, social media platforms, global hotel bookings, and blockchain application services. OBOOK Holdings Inc. was founded in 2010 and is based in Taipei, Taiwan.

At a Glance

Live Snapshot
Market Cap$503.11M
EPS-0.1400
P/E Ratio-43.43
Earnings Date04/30/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -43.4).

Valuation inputs: P/E -43.4, earnings yield N/A, momentum +4.3%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +2.4%, ROIC -2.4%).

Profitability stack: net margin -1.4%, ROE +2.4%, ROIC -2.4%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile is elevated and scenario stress-testing is essential.

Risk factors: liabilities/assets +118.4%, momentum +4.3%, net margin -1.4%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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OBOOK Holdings Inc. Market vs Earnings Trajectory

OWLS · NASDAQ
Current Price
$6.08
EPS (TTM)
$0.00
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OBOOK Holdings Inc. Fair Value Envelope

OWLS · NASDAQ

Our analysis suggests that OWLS has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $6.08, this represents a potential HIDDEN relative to our calculated worth for OBOOK Holdings Inc..

Intrinsic Value
Current Price: $6.08
3Y+17.0%
5Y+17.0%
10Y+17.0%
3Y+101.0%
5Y+101.0%
10Y+101.0%
3Y+13.0%
5Y+13.0%
10Y+13.0%
3Y+12.0%
5Y+12.0%
10Y+12.0%
3Y+16.0%
5Y+16.0%
10Y+16.0%
3Y+328.0%
5Y+328.0%
10Y+328.0%
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OBOOK Holdings Inc. Profit Bridge

OWLS · NASDAQ
Revenue7.57M
Cost of Goods Sold (6.56M)
Gross Profit1.01M
Operating Expenses (9.92M)
Operating Income-8.92M
Interest Expense (177.89K)
Other Income/Expense-1.36M
Pretax Income-10.27M
Income Tax (-2.62K)
Net Income-10.27M
Net Income
-10.27M

Profitability Analysis

Gross Margin

13.3%

Thin margins leave little room for error. Cost management and pricing strategy are critical.

Operating Margin

-117.8%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-135.7%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

13.30%
Gross Profit Margin
-33%
3Y+76.0%
5Y+76.0%
10Y+76.0%
-117.79%
Operating Profit Margin
11%
3Y-45.0%
5Y-45.0%
10Y-45.0%
-135.67%
Net Profit Margin
29%
3Y-44.0%
5Y-44.0%
10Y-44.0%
238.94%
Return on Equity
126%
3Y+145.0%
5Y+145.0%
10Y+145.0%
-44.04%
Return on Assets
5%
3Y-73.0%
5Y-73.0%
10Y-73.0%
-242.57%
Return on Invested Capital
-133%
3Y-260.0%
5Y-260.0%
10Y-260.0%
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OBOOK Holdings Inc. Cash Conversion Engine

OWLS · NASDAQ
Net Income-10.27M
Depreciation & Amortization1.34M
Stock-Based Compensation0.00
Change in Working Capital-442.77K
Others305.93K
Capital Expenditures-463.71K
Free Cash Flow-9.53M

Cash Flow Quality Analysis

FCF Conversion Rate

92.8%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

CapEx Intensity

-5.1%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-70.9%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$442.77K

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

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OBOOK Holdings Inc. Funding & Solvency Profile

OWLS · NASDAQ
Cash & Cash Equivalents4.51M
Net Receivables372.37K
Inventory0.00
Other Current Assets9.77M
Total Current Assets17 M
Property, Plant & Equipment4.92M
Goodwill & Intangible Assets679.02K
Long-Term Investments0.00
Other Non-Current Assets930.66K
Total Non-Current Assets6 M
Total Assets
23.32M

Financial Health Analysis

Current Ratio

0.79x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Working Capital

-4368050

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

72% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

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OBOOK Holdings Inc. Street Expectations Map

OWLS · NASDAQ

No Target Data

No analyst price targets available for owls.

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OBOOK Holdings Inc. Insider Positioning

OWLS · NASDAQ

During the last 12 months, there has been no insider trading activity reported for OWLS.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Neutral

No insider trading activity reported. This could indicate blackout periods, lack of conviction, or regulatory restrictions.

Insider Participation

No Activity

No insider trading activity reported from any insiders in the past year.

No Dividend Yield Data

OWLS has not reported any dividend yield values in the available annual periods.

 

owls Dividend History

OWLS
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%