Stock Analysis

OSB Group Full Year 2022 Earnings: Beats Expectations

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OSB Group (LON:OSB) Full Year 2022 Results

Key Financial Results

  • Revenue: UK£744.7m (up 18% from FY 2021).
  • Net income: UK£401.0m (up 18% from FY 2021).
  • Profit margin: 54% (in line with FY 2021).
  • EPS: UK£0.91 (up from UK£0.76 in FY 2021).

OSB Banking Performance Indicators

  • Net interest margin (NIM): 2.78% (up from 2.53% in FY 2021).
  • Cost-to-income ratio: 25.0% (up from 24.0% in FY 2021).
  • Non-performing loans: 2.48% (down from 2.65% in FY 2021).
LSE:OSB Earnings and Revenue Growth March 18th 2023

All figures shown in the chart above are for the trailing 12 month (TTM) period

OSB Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 6.5%. Earnings per share (EPS) also surpassed analyst estimates by 1.4%.

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Mortgage industry in Europe.

Performance of the market in the United Kingdom.

The company's shares are down 7.4% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with OSB Group (at least 1 which is concerning), and understanding these should be part of your investment process.

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