OneMain Holdings Inc Stock Research

Market Summary

USD34.34+0.10

Market Closed

0.29%

OMF Stock Price

OMF RSI Chart

OMF Valuation

Market Cap

4.2B

Price/Earnings (Trailing)

4.73

Price/Sales (Trailing)

0.94

EV/EBITDA

4.42

Price/Free Cashflow

1.74

OMF Price/Sales (Trailing)

OMF Profitability

EBT Margin

26.22%

Return on Equity

28.99%

Return on Assets

3.9%

Free Cashflow Yield

57.43%

OMF Fundamentals

OMF Revenue

Revenue (TTM)

4.4B

Revenue Y/Y

0.18%

Revenue Q/Q

0.36%

OMF Earnings

Earnings (TTM)

878.0M

Earnings Y/Y

-31.56%

Earnings Q/Q

-4.26%

Price Action

52 Week Range

28.0347.29

(Low)(High)

Last 7 days

-3.2%

Last 30 days

-20.7%

Last 90 days

3.3%

Trailing 12 Months

-20.9%

OMF Financial Health

Debt/Equity

6.04

Debt/Cashflow

0.13

OMF Investor Care

Dividend Yield

11.07%

Dividend/Share (TTM)

3.8

Buy Backs (1Y)

5.29%

Diluted EPS (TTM)

7.06

Peers (Alternatives to OneMain Holdings)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AXP	118.7B	43.0B	-8.54%	-14.53%	15.8	2.76	24.07%	-6.77%
COF	34.5B	31.2B	-16.71%	-31.90%	4.69	1.1	21.22%	-40.60%
DFS	25.4B	12.9B	-15.27%	-15.60%	5.78	1.97	20.78%	-19.40%
MID-CAP
ALLY	7.2B	10.6B	-19.43%	-44.41%	4.23	0.68	22.77%	-43.99%
CACC	5.2B	1.8B	-11.10%	-23.00%	9.66	2.82	-1.27%	-44.09%
FCFS	4.3B	2.7B	4.11%	38.41%	16.99	1.58	60.62%	102.94%
OMF	4.2B	4.4B	-20.69%	-20.94%	4.73	0.94	1.63%	-33.18%
NNI	3.4B	1.2B	-4.74%	5.68%	8.23	2.69	27.53%	3.58%
SLM	2.8B	2.0B	-21.57%	-37.97%	6.16	1.39	14.34%	-60.20%
SMALL-CAP
ENVA	1.3B	1.7B	-14.98%	8.77%	6.31	0.75	43.72%	-19.07%
WRLD	485.6M	621.6M	-17.64%	-58.55%	34.76	0.78	10.55%	-82.63%
ATLC	369.4M	1.0B	-24.62%	-53.61%	2.72	0.35	39.95%	-23.78%
TREE	330.5M	985.0M	-35.05%	-77.98%	-1.76	0.34	-10.33%	-371.94%
RM	239.2M	507.2M	-20.20%	-45.24%	4.67	0.47	18.40%	-42.24%

Financials for OneMain Holdings

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	0.0%	4,435	4,433	4,428	4,393	4,364
EBITDA	-2.1%	4,968	5,074	5,188	5,326	-
EBITDA Margin	-2.1%	1.12*	1.14*	-10.81*	1.21*	-
Earnings Before Taxes	-9.2%	1,163	1,281	1,407	1,590	1,741
EBT Margin	-9.3%	0.26*	0.29*	-2.93*	0.36*	-
Interest Expenses	0.1%	3,543	3,538	3,519	3,472	3,427
Net Income	-8.6%	878	961	1,061	1,202	1,314
Net Income Margin	-8.7%	0.20*	0.22*	-2.21*	0.27*	-
Free Cahsflow	2.4%	2,387	2,331	2,295	2,243	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	0.9%	22,533	22,341	22,195	21,808	22,079
Cash Equivalents	-7.1%	498	536	526	640	541
Goodwill	0%	1,437	1,437	1,437	1,437	1,437
Liabilities	0.9%	19,504	19,329	19,162	18,719	18,986
Long Term Debt	0.4%	18,281	18,202	17,922	17,560	17,750
Shareholder's Equity	0.6%	3,029	3,012	3,033	3,089	3,093
Retained Earnings	3.0%	2,125	2,063	1,994	1,905	1,727
Additional Paid-In Capital	0.2%	1,689	1,685	1,679	1,672	1,672
Shares Outstanding	-1.3%	121	123	124	126	128

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	2.4%	2,387	2,331	2,295	2,243	2,247
Share Based Compensation	-8.8%	31.00	34.00	31.00	28.00	23.00
Cashflow From Investing	1.0%	-2,119	-2,141	-2,315	-2,291	-2,143
Cashflow From Financing	27.7%	-326	-451	-1,214	-653	-1,810
Dividend Payments	6.0%	480	453	892	866	1,274
Buy Backs	-30.8%	303	438	537	478	368

Risks for OMF

What is the probability of a big loss on OMF?

78.5%

Probability that OneMain Holdings stock will be more than 20% underwater in next one year

51.9%

Probability that OneMain Holdings stock will be more than 30% underwater in next one year.

27.7%

Probability that OneMain Holdings stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does OMF drawdown profile look like?

Y-axis is the maximum loss one would have experienced if OneMain Holdings was unfortunately bought at previous high price.

Drawdowns

Returns for OMF

Cumulative Returns on OMF

11.5%

7-Year Cumulative Returns

14.0%

5-Year Cumulative Returns

34.5%

3-Year Cumulative Returns

What are the long-term rolling returns for OMF?

FIve years rolling returns for OneMain Holdings.

Annualized Returns

Which funds bought or sold OMF recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-0.04	63,836	566,836	-%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-35.12	-9,401,000	25,685,000	0.13%
2023-02-28	Voya Investment Management LLC	reduced	-0.78	53,220	494,220	-%
2023-02-24	SRS Capital Advisors, Inc.	added	309	3,489	4,489	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	sold off	-100	-1,166,000	-	-%
2023-02-21	MACQUARIE GROUP LTD	reduced	-0.78	1,891,000	17,871,000	0.02%
2023-02-21	Empowered Funds, LLC	added	63.52	239,234	522,234	0.03%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	added	28.78	41,240	133,240	-%
2023-02-16	DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main	reduced	-79.01	-177,605	55,395	-%
2023-02-16	MAVERICK CAPITAL LTD	added	26.48	121,916	405,916	0.01%

Latest Funds Activity

Are funds buying OMF calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own OMF

No. of Funds

OneMain Holdings News

Schedule 13G FIlings of OneMain Holdings

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 15, 2023	uniform investco lp	6.84%	8,268,916	SC 13D/A
Feb 13, 2023	capital international investors	8.3%	10,181,766	SC 13G
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	9.86%	12,049,459	SC 13G/A
Jun 09, 2022	vanguard group inc	10.16%	12,719,653	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G/A
Nov 01, 2021	apollo management holdings gp, llc	0.0%	0	SC 13D/A
Oct 18, 2021	apollo management holdings gp, llc	7.6%	10,010,208	SC 13D/A
Oct 18, 2021	varde partners inc	5.72%	7,552,292	SC 13D/A
Sep 01, 2021	apollo management holdings gp, llc	7.6%	10,010,208	SC 13D/A

OMF Fair Value

Recent SEC filings of OneMain Holdings

View All Filings

Date Filed	Form Type	Document
Feb 22, 2023	4	Insider Trading
Feb 22, 2023	4	Insider Trading
Feb 22, 2023	4	Insider Trading
Feb 22, 2023	4	Insider Trading
Feb 15, 2023	SC 13D/A	13D - Major Acquisition
Feb 13, 2023	SC 13G	Major Ownership Report
Feb 10, 2023	10-K	Annual Report
Feb 10, 2023	4/A	Insider Trading
Feb 10, 2023	4/A	Insider Trading
Feb 10, 2023	4/A	Insider Trading

Latest Insider Trading transactions for OMF

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-17	Shulman Douglas H.	sold (taxes)	-1,162,650	44.42	-26,174	president & ceo
2023-02-17	Chadha Rajive	sold (taxes)	-328,975	44.42	-7,406	chief operating officer & evp
2023-02-17	Hedlund Michael A	sold (taxes)	-58,190	44.42	-1,310	pao, svp and group controller
2023-02-17	Conrad Micah R.	sold (taxes)	-326,842	44.42	-7,358	evp & cfo
2023-02-06	Hedlund Michael A	acquired	-	-	11,884	pao, svp and group controller
2023-02-06	Conrad Micah R.	acquired	-	-	26,212	evp & cfo
2023-02-06	Chadha Rajive	acquired	-	-	24,778	chief operating officer & evp
2023-02-06	Shulman Douglas H.	acquired	-	-	93,106	president & ceo
2023-01-20	Conrad Micah R.	sold (taxes)	-191,489	38.39	-4,988	evp & cfo
2023-01-20	Chadha Rajive	sold (taxes)	-151,065	38.39	-3,935	chief operating officer & evp

About OneMain Holdings

Douglas H. Shulman

www.springleaf.com

8800

OneMain Holdings, Inc., a financial service holding company, engages in the consumer finance and insurance businesses. The company originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit insurance products comprising life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans. It operates through a network of approximately 1,400 branch offices in 44 states in the United States, as well as through its website onemainfinancial.com. The company was formerly known as Springleaf Holdings, Inc. and changed its name to OneMain Holdings, Inc. in November 2015. OneMain Holdings, Inc. was founded in 1920 and is based in Evansville, Indiana.

OMF Income Statement

2022-09-30

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Interest income	$ 1,118	$ 1,113	$ 3,313	$ 3,244
Interest expense	223	237	661	703
Net interest income	895	876	2,652	2,541
Provision for finance receivable losses	421	226	998	356
Net interest income after provision for finance receivable losses	474	650	1,654	2,185
Other revenues:
Insurance	111	109	334	323
Investment	16	14	40	47
Gain on sales of finance receivables	17	15	50	30
Net gain (loss) on repurchases and repayments of debt	2	(1)	(26)	(49)
Other	24	18	62	45
Total other revenues	170	155	460	396
Other expenses:
Salaries and benefits	212	229	621	613
Other operating expenses	151	155	451	457
Insurance policy benefits and claims	31	45	116	125
Total other expenses	394	429	1,188	1,195
Income before income taxes	250	376	926	1,386
Income taxes	62	88	228	335
Net income	$ 188	$ 288	$ 698	$ 1,051
Weighted average number of shares outstanding:
Basic (in shares)	123,352,522	132,487,234	124,989,263	133,709,146
Diluted (in shares)	123,568,620	132,924,333	125,243,206	134,096,382
Earnings per share:
Basic (in dollars per share)	$ 1.52	$ 2.17	$ 5.58	$ 7.86
Diluted (in dollars per share)	$ 1.52	$ 2.17	$ 5.57	$ 7.84

OMF Balance Sheet

2022-09-30

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	$ 536	$ 541
Investment securities (includes available-for-sale securities with a fair value and an amortized cost basis of $1.7 billion and $1.9 billion in 2022, respectively, and $1.9 billion and $1.8 billion in 2021, respectively)	1,747	1,992
Net finance receivables (includes loans of consolidated VIEs of $10.1 billion in 2022 and $8.8 billion in 2021)	19,752	19,212
Unearned insurance premium and claim reserves	(747)	(761)
Allowance for finance receivable losses (includes allowance of consolidated VIEs of $1.1 billion in 2022 and $910 million in 2021)	(2,255)	(2,095)
Net finance receivables, less unearned insurance premium and claim reserves and allowance for finance receivable losses	16,750	16,356
Restricted cash and restricted cash equivalents (includes restricted cash and restricted cash equivalents of consolidated VIEs of $472 million in 2022 and $466 million in 2021)	483	476
Goodwill	1,437	1,437
Other intangible assets	272	274
Other assets	1,116	1,003
Total assets	22,341	22,079
Liabilities and Shareholders’ Equity
Long-term debt (includes debt of consolidated VIEs of $9.2 billion in 2022 and $8.0 billion in 2021)	18,202	17,750
Insurance claims and policyholder liabilities	600	621
Deferred and accrued taxes	5	1
Other liabilities (includes other liabilities of consolidated VIEs of $18 million in 2022 and $13 million in 2021)	522	614
Total liabilities	19,329	18,986
Contingencies (Note 12)
Shareholders’ equity:
Common stock, par value $0.01 per share; 2,000,000,000 shares authorized, 122,618,748 and 127,809,640 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively	1	1
Additional paid-in capital	1,685	1,672
Accumulated other comprehensive income (loss)	(125)	61
Retained earnings	2,063	1,727
Treasury stock, at cost; 12,214,566 and 6,712,923 shares at September 30, 2022 and December 31, 2021, respectively	(612)	(368)
Total shareholders’ equity	3,012	3,093
Total liabilities and shareholders’ equity	$ 22,341	$ 22,079