Added to YB: 2026-05-18
Pitch date: 2026-03-09
ONEXF [bullish]
Onex Corporation
+13.2%
current return
Author Info
No bio for this author
Company Info
Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, turnaround, upper-middle market, large-cap, mid-cap, and small-cap market and distressed companies.
Market Cap
CAD 6.3B
Pitch Price
CAD 99.53
Price Target
174.00 (+52%)
Dividend
0.35%
EV/EBITDA
11.84
P/E
12.40
EV/Sales
8.60
Sector
Capital Markets
Category
value
Onex Corporation - $ONEXF
ONEXF: PE platform w/ 63% Convex stake ($68/share, 10x 2025 NI, 1.8x TBV, <90% combined ratio, 25% GWP CAGR), $97/share net investing capital (historically exits 20%+ above mark), $9-12/share asset mgmt biz (15x FRE). Sum-of-parts $174 CAD vs current price. CEO owns 1%/$75M, frustrated w/ discount. AIG deal brings $2B capital commitments. Asset mgmt now profitable after cost cuts. Risks: illiquid PE stakes, insurance underwriting, market forces.
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