Added to YB: 2025-03-05
Pitch date: 2025-03-03
ONIT [bullish]
Onity Group Inc.
+0.79%
current return
Author Info
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Company Info
Onity Group Inc., a financial services company, originates and services forward and reserve mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines.
Market Cap
$254.5M
Pitch Price
$30.50
Price Target
N/A
Dividend
N/A
Sector
Financial Services
Category
value
Onity Group (NYSE: ONIT)
ONIT: Fallen angel mortgage servicer now profitable & de-leveraged. Trades at 0.3x TBV vs peers 1.5x. Hidden $600M DTA. 2025E EPS $10-12, P/E 3-4x. Takeout potential by COOP/PFSI/RITM at 50%+ premium still accretive. Risks: value trap, financial crisis, prolonged zero rates.
Read full article (15 min)