$OneMain (OMF.US)$Mainly engaged in consumer crediting, the ...

逍遥投资派 commented on a stock · Mar 14, 2023 00:21

$OneMain (OMF.US)$Mainly engaged in consumer crediting, the revenue has maintained growth for 5 years. The revenue is mainly generated from interest income, and the interest income has also been growing for 5 years. Except for 2021, the credit loss provision exceeded 1 billion, and the fluctuation of net income is mainly caused by this part.

The asset-liability ratio has increased from 81% to 86.6% in the past 5 years. Assets are mainly composed of loans, goodwill, and other intangible assets of 1.7 billion, accounting for 56% of net assets. Liabilities are mainly composed of long-term borrowings and will not face the same squeeze as SVB.

Net assets of 3.029 billion, with 0.667 billion treasury stock, but not enough to offset goodwill and other intangible assets.

The current PE ratio is 5.2 and the PB ratio is 1.5. The valuation is not very attractive.

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