Added to YB: 2024-08-16
Pitch date: 2024-08-15
OSB.L [bullish]
OSB Group Plc
+62.9%
current return
Author Info
@ArmsGarrett is a a research analyst and portfolio manager whoe stock pitches on Twitter. Follow on Twitter
Company Info
OSB Group Plc, through its subsidiaries, operates as a specialist mortgage lending company in the United Kingdom and India.
Market Cap
GBP 1.5B
Pitch Price
GBP 3.64
Price Target
7.90 (+33%)
Dividend
8.28%
EV/EBITDA
N/A
P/E
5.36
EV/Sales
N/A
Sector
Financial Services
Category
value
OSB Group: Retaining Strong ROE and High Upside Potential
OSB.L: UK mortgage lender. 3% loan growth, 2.3-2.4% NIM guide. 35% efficiency ratio, 17% ROE. Trades 65% TBV, 8% div + 8% buyback yield. Macro improving, re-entering higher margin segments. Analysts expect mid-teens ROE (20%+ earnings yield). NIM normalization to 260bps = 20%+ ROE. 1-yr PT: 2.9B + div vs 1.5B mkt cap = +100% upside.
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