ONEX vs. IGM, CIX, BAM, IAG, X, DFY, ELF, EQB, GSY, and CWB
Should you be buying Onex stock or one of its competitors? The main competitors of Onex include IGM Financial (IGM), CI Financial (CIX), Brookfield Asset Management (BAM), iA Financial (IAG), TMX Group (X), Definity Financial (DFY), E-L Financial (ELF), EQB (EQB), goeasy (GSY), and Canadian Western Bank (CWB). These companies are all part of the "financial services" sector.
IGM Financial (TSE:IGM) and Onex (TSE:ONEX) are both mid-cap financial services companies, but which is the better investment? We will contrast the two businesses based on the strength of their institutional ownership, community ranking, profitability, earnings, valuation, risk, media sentiment, dividends and analyst recommendations.
Onex has a net margin of 48.85% compared to Onex's net margin of 31.03%. Onex's return on equity of 14.46% beat IGM Financial's return on equity.
IGM Financial currently has a consensus price target of C$42.50, suggesting a potential upside of 14.86%. Onex has a consensus price target of C$108.33, suggesting a potential upside of 7.41%. Given Onex's higher possible upside, analysts clearly believe IGM Financial is more favorable than Onex.
IGM Financial has a beta of 1.58, suggesting that its stock price is 58% more volatile than the S&P 500. Comparatively, Onex has a beta of 1.57, suggesting that its stock price is 57% more volatile than the S&P 500.
8.4% of IGM Financial shares are held by institutional investors. Comparatively, 36.4% of Onex shares are held by institutional investors. 59.0% of IGM Financial shares are held by company insiders. Comparatively, 17.7% of Onex shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.
IGM Financial received 15 more outperform votes than Onex when rated by MarketBeat users. However, 57.12% of users gave Onex an outperform vote while only 45.10% of users gave IGM Financial an outperform vote.
IGM Financial pays an annual dividend of C$2.25 per share and has a dividend yield of 6.0%. Onex pays an annual dividend of C$0.40 per share and has a dividend yield of 0.4%. IGM Financial pays out 58.0% of its earnings in the form of a dividend. Onex pays out 4.4% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.
In the previous week, IGM Financial had 13 more articles in the media than Onex. MarketBeat recorded 18 mentions for IGM Financial and 5 mentions for Onex. Onex's average media sentiment score of 0.80 beat IGM Financial's score of 0.34 indicating that IGM Financial is being referred to more favorably in the media.
IGM Financial has higher revenue and earnings than Onex. IGM Financial is trading at a lower price-to-earnings ratio than Onex, indicating that it is currently the more affordable of the two stocks.
Summary
IGM Financial beats Onex on 12 of the 19 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding ONEX and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of TSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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