OneMain Holdings Stocks on the Rise with Increasing Relative Price Strength
December 9, 2023
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ONEMAIN ($NYSE:OMF): OneMain Holdings, Inc. is a leading consumer finance company providing personal loan, auto loan, and other financial services to customers in the United States. The company’s stock has been on the rise lately, in part due to its increasing relative price strength. The company has seen a steady increase in its relative price strength over the past few months, indicating that investors are more confident about the future of the company. This is a good sign for long-term investors, as it suggests that OneMain Holdings is on track to become a stable and reliable investment option. Furthermore, with increasing economic uncertainty, OneMain Holdings’ ability to maintain its relative price strength could be an invaluable asset for investors looking for solid returns over time.
In addition, investors can take comfort in the fact that OneMain Holdings has been able to consistently post quarterly earnings that exceed analyst estimates. This is another indicator of the company’s relative strength, and provides further evidence of the company’s potential as an attractive investment opportunity. All in all, OneMain Holdings appears to be in good shape and poised for further growth. This makes it an interesting proposition for those looking to add some diversity to their portfolio.
Market Price
Friday was a positive day for ONEMAIN HOLDINGS stock, as its share price opened at $44.7 and closed at $45.2, representing a 0.6% increase from the prior closing price of 45.0. This represents a rise in the stock’s relative price strength, which has been trending upwards since the start of the year. Analysts believe the stock has potential to grow further in the coming months, with a number of positive factors driving this optimism. 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 |
| 4.24k | 658 | 15.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Onemain Holdings. More…
| Operations | Investing | Financing |
| 2.5k | -2.77k | 1.02k |
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 |
| 24.15k | 21.04k | 25.93 |
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 |
| 2.5% | – | – |
| FCF Margin | ROE | ROA |
| 59.1% | 17.4% | 2.2% |
Analysis
GoodWhale recently conducted an analysis of ONEMAIN HOLDINGS‘ financials to assess its current health. According to our star chart, ONEMAIN HOLDINGS has an intermediate health score of 5/10 considering its cashflows and debt, suggesting that they may be able to sustain future operations in times of crisis. We classified ONEMAIN HOLDINGS as a ‘cow’ which indicates a company that has the track record of paying out consistent and sustainable dividends. This makes the company a good candidate for investors who are looking for steady returns. We also evaluated various aspects of ONEMAIN HOLDINGS’ performance and found that they are strong in cash flow, medium in dividend, growth and weak in asset, profitability. 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
ONEMAIN Holdings is a promising stock for investors looking for rising relative price strength. This suggests that the stock is in a strong uptrend and is likely to continue to appreciate. Fundamental analysis of the company shows strong financials and a good balance sheet. The company has also been able to improve its operations over the past year, as evidenced by an increase in its gross margin and net margin.
Additionally, the company’s debt to equity ratio is low, indicating that it has good debt management and financial stability.
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