ONEX vs. IGM, CIX, BAM, IAG, DFY, X, 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), Definity Financial (DFY), TMX Group (X), 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 superior investment? We will compare the two businesses based on the strength of their profitability, community ranking, institutional ownership, media sentiment, dividends, risk, analyst recommendations, earnings and valuation.
8.1% of IGM Financial shares are owned by institutional investors. Comparatively, 35.6% of Onex shares are owned by institutional investors. 59.2% of IGM Financial shares are owned by company insiders. Comparatively, 16.4% of Onex shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
IGM Financial currently has a consensus price target of C$44.00, indicating a potential upside of 19.08%. Onex has a consensus price target of C$113.00, indicating a potential upside of 17.28%. Given Onex's higher possible upside, equities analysts plainly believe IGM Financial is more favorable than Onex.
IGM Financial has higher revenue and earnings than Onex. Onex is trading at a lower price-to-earnings ratio than IGM Financial, indicating that it is currently the more affordable of the two stocks.
IGM Financial received 17 more outperform votes than Onex when rated by MarketBeat users. However, 57.00% of users gave Onex an outperform vote while only 45.12% of users gave IGM Financial an outperform vote.
In the previous week, Onex had 2 more articles in the media than IGM Financial. MarketBeat recorded 4 mentions for Onex and 2 mentions for IGM Financial. Onex's average media sentiment score of 0.67 beat IGM Financial's score of -0.50 indicating that IGM Financial is being referred to more favorably in the media.
Onex has a net margin of 48.85% compared to Onex's net margin of 27.67%. Onex's return on equity of 11.63% beat IGM Financial's return on equity.
IGM Financial has a beta of 1.55, suggesting that its share price is 55% more volatile than the S&P 500. Comparatively, Onex has a beta of 1.56, suggesting that its share price is 56% more volatile than the S&P 500.
IGM Financial pays an annual dividend of C$2.25 per share and has a dividend yield of 6.1%. Onex pays an annual dividend of C$0.40 per share and has a dividend yield of 0.4%. IGM Financial pays out 69.7% 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.
Summary
IGM Financial beats Onex on 11 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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