Onity Financials

ONIT Stock   30.96  0.07  0.23%   
Based on the key measurements obtained from Onity's financial statements, Onity Group may be sliding down financialy. It has an above-average chance of going through some form of financial crunch next quarter. At this time, Onity's Long Term Debt is comparatively stable compared to the past year. Capital Lease Obligations is likely to gain to about 14.2 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 208.9 M in 2024. Key indicators impacting Onity's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio28.5427.1782
Sufficiently Up
Slightly volatile
Operating Income412 M392.4 M
Sufficiently Up
Slightly volatile
Current Ratio11.188.3197
Significantly Up
Slightly volatile
The essential information of the day-to-day investment outlook for Onity includes many different criteria found on its balance sheet. An individual investor should monitor Onity's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in Onity.

Net Income

(66.89 Million)

  
Understanding current and past Onity Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Onity's financial statements are interrelated, with each one affecting the others. For example, an increase in Onity's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Onity's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Onity Group. Check Onity's Beneish M Score to see the likelihood of Onity's management manipulating its earnings.

Onity Stock Summary

Onity competes with Uranium Energy, Nike, Microbot Medical, Merit Medical, and Acco Brands. Onity is entity of United States. It is traded as Stock on NYSE exchange.
Specialization
Financial Services, Financial Services
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
CUSIP675746309 675746606 675746101
Older SymbolOCN
LocationFlorida; U.S.A
Business Address1661 Worthington Road,
SectorFinancial Services
IndustryFinancials
BenchmarkDow Jones Industrial
Websitewww.onitygroup.com
Phone561 682 8000

Onity Key Financial Ratios

Onity Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets1.2B963.6M1.3B1.1B12.5B13.1B
Other Current Liab(7.9B)120.2M1.1B210.6M159.7M151.7M
Net Debt6.6B7.5B8.3B8.2B10.7B7.7B
Retained Earnings412.0M415.4M476.7M456.7M(151.6M)(144.0M)
Cash492.3M357.3M263.4M274.2M201.6M250.2M
Other Assets(20.3B)(9.7B)(10.8B)(11.3B)(11.5B)(12.1B)
Net Receivables203.4M189.9M181.9M181.6M154.8M157.7M
Other Current Assets10.4B948.8M890.2M819.1M784.4M745.2M
Total Liab1.3M87K92K100K12.1B12.7B
Total Current Assets11.1B8.8B9.4B9.3B1.8B1.7B
Short Term Debt7.8B35.7M44.9M48.1M52M49.4M

Onity Key Income Statement Accounts

The reason investors look at the income statement is to determine what Onity's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Total Revenue1.1B951.1M1.1B877.2M1.1B880.8M
Gross Profit981.2M854.7M927.0M797.5M584.5M709.7M
Operating Income31.9M19.1M10.3M14.8M392.4M412.0M
Ebit(727.8M)(615.6M)(258.7M)(50.8M)654.5M687.2M
Ebitda17.1M175.5M451.9M408.7M666.6M699.9M
Cost Of Revenue140.9M96.4M123.9M79.7M560.1M588.1M
Income Before Tax409.1M179.0M350.5M432.5M(58.1M)(55.2M)
Net Income(126.5M)(105.7M)(4.4M)25.7M(63.7M)(66.9M)
Income Tax Expense377.2M159.9M340.3M417.7M5.6M5.3M

Onity Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash95.3M(135.1M)(93.8M)10.8M(19.1M)(18.1M)
Free Cash Flow(102.2M)(229.6M)(1.3B)(61.8M)(111.8M)(117.4M)
Depreciation31.9M19.1M10.3M14.8M12.1M11.5M
Other Non Cash Items173.1M37.0M(523.0M)163.7M30.7M20.5M
Capital Expenditures149.1M277.3M847.3M206.7M122.2M230.8M
Net Income(142.1M)(40.2M)18.1M25.7M(63.7M)(66.9M)
End Period Cash Flow492.3M357.3M263.4M274.2M255.1M255.6M

Onity Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Onity's current stock value. Our valuation model uses many indicators to compare Onity value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Onity competition to find correlations between indicators driving Onity's intrinsic value. More Info.
Onity Group is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers reporting about  7.86  of Return On Asset per Return On Equity. At this time, Onity's Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Onity by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Onity Group Systematic Risk

Onity's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Onity volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Execute Function
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Onity Group correlated with the market. If Beta is less than 0 Onity generally moves in the opposite direction as compared to the market. If Onity Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Onity Group is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Onity is generally in the same direction as the market. If Beta > 1 Onity moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Onity Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Onity's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Onity growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.007371

At this time, Onity's Price Earnings To Growth Ratio is comparatively stable compared to the past year.

Onity November 26, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Onity help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Onity Group. We use our internally-developed statistical techniques to arrive at the intrinsic value of Onity Group based on widely used predictive technical indicators. In general, we focus on analyzing Onity Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Onity's daily price indicators and compare them against related drivers.

Additional Tools for Onity Stock Analysis

When running Onity's price analysis, check to measure Onity's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Onity is operating at the current time. Most of Onity's value examination focuses on studying past and present price action to predict the probability of Onity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Onity's price. Additionally, you may evaluate how the addition of Onity to your portfolios can decrease your overall portfolio volatility.