Onemain Holdings Intrinsic Value Calculation – ONEMAIN HOLDINGS Release FY2023 Q2 Earnings Results for June 30 2023
August 24, 2023
🌥️Earnings Overview
On June 30, 2023, ONEMAIN HOLDINGS ($NYSE:OMF) reported their earnings for fiscal year 2023 second quarter, ending July 26. For the quarter, total revenue came in at USD 1058.0 million, up 1.4% compared to same period last year. Net income was reported as USD 103.0 million, a decrease of 50.7% when compared to the same quarter in the prior year.
Price History
On Wednesday, ONEMAIN HOLDINGS released their second quarter FY2023 earnings results for the quarter ending June 30 2023. The stock opened at $44.3 and closed at $45.0, which was a 6.3% drop from the prior closing price of 48.0. Looking ahead, ONEMAIN HOLDINGS is expecting to continue to experience a decrease in revenue and net income in the upcoming quarters due to current market conditions. The company is focused on cost control and streamlining operations to minimize losses and maximize profitability in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Onemain Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 6.32k | 1.24k | 19.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Onemain Holdings. More…
| Operations | Investing | Financing |
| 2.4k | -2.12k | -326 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Onemain Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 23.51k | 20.45k | 25.36 |
Key Ratios Snapshot
Some of the financial key ratios for Onemain Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 17.1% | – | – |
| FCF Margin | ROE | ROA |
| 37.9% | 33.4% | 4.4% |
Analysis – Onemain Holdings Intrinsic Value Calculation
GoodWhale conducted an analysis of ONEMAIN HOLDINGS to assess its wellbeing. After careful consideration, our proprietary Valuation Line concluded that the fair value of ONEMAIN HOLDINGS’ share is around $48.9. However, it is currently being traded at $45.0, meaning that it is being undervalued by 8.0%. This means that the stock may be a good buy at this time. We recommend keeping an eye on ONEMAIN HOLDINGS and observing the market trend to make the best decision. More…
Peers
The company offers a wide range of products and services to meet the needs of its customers. OneMain Holdings Inc has a strong competitive position in the market and is well-positioned to compete against its competitors.
– Nicholas Financial Inc ($NASDAQ:NICK)
Nicholas Financial Inc is a specialty finance company that provides consumer and small business loans through a network of branches and independent loan brokers. The company has a market cap of 44.24M as of 2022. Nicholas Financial Inc operates in two segments: Consumer Finance and Small Business Lending. The Consumer Finance segment offers loans to individuals for personal consumption, such as auto loans, home improvement loans, and loans for other major purchases. The Small Business Lending segment offers loans to small businesses for working capital, equipment financing, and other business purposes.
– Geneva Finance Ltd ($NZSE:GFL)
Geneva Finance Ltd is a New Zealand-based company engaged in the provision of personal finance solutions. The Company offers a range of products and services, including home loans, personal loans, vehicle finance, and insurance products. It operates through a network of branches located across New Zealand.
– Zip Co Ltd ($ASX:ZIP)
Zip Co Ltd is an Australian financial technology company that offers buy now, pay later services. The company has a market capitalization of 875.04 million as of 2022 and a return on equity of -21.16%. Zip Co Ltd offers its services through a mobile app and a website. The company was founded in 2013 and is headquartered in Sydney, Australia.
Summary
Investors in ONEMAIN HOLDINGS should be cautious following the release of the company’s earnings results for FY2023 Q2. Total revenue rose 1.4% year-over-year, but net income fell by 50.7%. The stock price dropped on the same day, indicating that investors were not pleased with the performance. It is important for investors to closely monitor ONEMAIN HOLDINGS’ financial reports going forward to make informed decisions about the company’s future prospects.
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