Onemain Holdings Stock Fair Value – ONEMAIN HOLDINGS Reports Fiscal Year 2022 Fourth Quarter Earnings Results on February 7 2023

Earnings report

Onemain Holdings Stock Fair Value – ONEMAIN HOLDINGS ($NYSE:OMF) reported their earnings results for the fourth quarter of fiscal year 2022 on February 7 2023. The results, which cover the period ending on December 31 2022, showed a total revenue of USD 180.0 million, a decrease of 31.3% from the previous year.

However, net income for the fourth quarter increased by 1.0%, reaching USD 1061.0 million. The company’s performance during the fourth quarter was impacted by certain adjustments relating to the coronavirus pandemic, including the previously announced allowance for doubtful accounts and other income tax adjustments. Overall, ONEMAIN HOLDINGS reported a modest net income gain in spite of the decrease in total revenue. The company is confident that its business model and financial position remain strong in the face of continued uncertainty caused by the pandemic.

Stock Price

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About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Onemain Holdings. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Onemain Holdings. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Onemain Holdings. More…

Key Ratios Snapshot

Some of the financial key ratios for Onemain Holdings are shown below. More…

Analysis – Onemain Holdings Stock Fair Value

At GoodWhale, we conducted an in-depth analysis of ONEMAIN HOLDINGS‘ wellbeing by leveraging our proprietary Valuation Line. After our thorough evaluation, we have determined that the intrinsic value of ONEMAIN HOLDINGS share is around $37.8. Currently, ONEMAIN HOLDINGS’ stock is traded on the market at a price of $46.8, meaning that the stock is currently overvalued by 23.7%. This is an indication that investors should be cautious when investing in this company and should consider the true intrinsic value of the stock before making a purchase 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 who purchased ONEMAIN HOLDINGS stock before the fourth quarter results were released were rewarded with a 1.0% increase in the company’s net income, reaching USD 1061.0 million. This came despite the company’s total revenue decreasing by 31.3% year-on-year to USD 180.0 million. Investors have responded positively to these results and stock prices have moved up across the board. These numbers indicate a financial health of ONEMAIN HOLDINGS and suggest a potential upside for investors in the future.