Ocwen Financial
Market Cap
US$240.9m
Last Updated
2019/08/25 23:43 UTC
Data Sources
Company Financials +
Executive Summary
Ocwen Financial Corporation, a financial services holding company, originates and services loans in the United States, the United States Virgin Islands, India, and Philippines.
Snowflake
Fundamentals
Overvalued with weak fundamentals.
Risks
- Ocwen Financial has significant price volatility in the past 3 months.
- Ocwen Financial is covered by less than 3 analysts.
Similar Companies
Share Price & News
How has Ocwen Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
22.6%
NYSE:OCN
-1.6%
US Mortgage
-1.9%
US Market
1 Year Return
-58.5%
NYSE:OCN
-2.6%
US Mortgage
-3.3%
US Market
OCN underperformed the Mortgage industry which returned -2.8% over the past year.
OCN underperformed the Market in United States of America which returned -3% over the past year.
Share holder returns
| OCN | Industry | Market | |
|---|---|---|---|
| 7 Day | 22.6% | -1.6% | -1.9% |
| 30 Day | -10.9% | -2.8% | -6.2% |
| 90 Day | 5.3% | -1.3% | 0.3% |
| 1 Year | -58.5%-58.5% | -0.6%-2.6% | -1.1%-3.3% |
| 3 Year | -47.2%-47.2% | 29.6%21.0% | 37.9%28.9% |
| 5 Year | -93.6%-93.6% | 55.3%39.0% | 50.8%34.1% |
Price Volatility Vs. Market
How volatile is Ocwen Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
What Kind Of Shareholder Appears On The Ocwen Financial Corporation's (NYSE:OCN) Shareholder Register?1 week ago | Simply Wall St
Trade Alert: The Director Of Ocwen Financial Corporation (NYSE:OCN), Robert Lipstein, Has Just Spent US$250k Buying Shares1 month ago | Simply Wall St
Does The Ocwen Financial Corporation (NYSE:OCN) Share Price Tend To Follow The Market?Valuation
Is Ocwen Financial undervalued based on future cash flows and its price relative to the stock market?
0.57x
Price to Book (PB) ratio
Intrinsic Value Based on Future Cash Flows
Unable to calculate intrinsic value for Ocwen Financial to establish if it is available at moderate discount.
Unable to calculate intrinsic value for Ocwen Financial to establish if it is available at substantial discount.
Price Based on Earnings
Ocwen Financial is loss making, we can't compare its value to the US Mortgage industry average.
Ocwen Financial is loss making, we can't compare the value of its earnings to the United States of America market.
Price Based on Expected Growth
Unable to calculate PEG ratio for Ocwen Financial, we can't assess if its growth is good value.
Price Based on Value of Assets
Ocwen Financial is good value based on assets compared to the US Mortgage industry average.
Next Steps
Future Growth
How is Ocwen Financial expected to perform in the next 1 to 3 years based on estimates from 2 analysts?
90.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Ocwen Financial's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Ocwen Financial is not considered high growth as it is expected to be loss making for the next 1-3 years.
Ocwen Financial's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Unable to compare Ocwen Financial's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.
Unable to compare Ocwen Financial's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Earnings per Share Growth Estimates
Future Return on Equity
Unable to establish if Ocwen Financial will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
Next Steps
Past Performance
How has Ocwen Financial performed over the past 5 years?
11.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Ocwen Financial does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
Unable to compare Ocwen Financial's 1-year earnings growth to the 5-year average as it is not currently profitable.
Unable to compare Ocwen Financial's 1-year growth to the US Mortgage industry average as it is not currently profitable.
Return on Equity
It is difficult to establish if Ocwen Financial has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
Return on Assets
Ocwen Financial used its assets less efficiently than the US Mortgage industry average last year based on Return on Assets.
Return on Capital Employed
It is difficult to establish if Ocwen Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Next Steps
Financial Health
How is Ocwen Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Information is not available.
Information is not available.
Financial Institutions Analysis
Unable to establish if Ocwen Financial has an acceptable proportion of non-loan assets without balance sheet data.
Unable to establish if Ocwen Financial has a sufficient allowance for bad loans without relevant financial data.
Unable to establish if Ocwen Financial's liabilities are primarily made up of low risk funding sources without deposits or liabilities data.
Ocwen Financial's level of assets compared to its equity is very high (i.e. bank has borrowed heavily to fund lending).
Ocwen Financial reports no customer deposits, loans are made up entirely of borrowed funds.
Unable to establish if Ocwen Financial has an acceptable level of bad loans without bad loans data.
Next Steps
Dividend
What is Ocwen Financial's current dividend yield, its reliability and sustainability?
Dividend Yield and Payments Analysis
Unable to evaluate Ocwen Financial's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
Unable to evaluate Ocwen Financial's dividend against the top 25% market benchmark as the company has not reported any payouts.
Unable to perform a dividend volatility check as Ocwen Financial has not reported any payouts.
Unable to verify if Ocwen Financial's dividend has been increasing as the company has not reported any payouts.
Current Payout to Shareholders
Unable to calculate sustainability of dividends as Ocwen Financial has not reported any payouts.
Future Payout to Shareholders
Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Next Steps
Management
What is the CEO of Ocwen Financial's salary, the management and board of directors tenure and is there insider trading?
0.8yrs
Average management tenure
CEO
Glen Messina (57yo)
0.8yrs
Tenure
US$7,633,883
Compensation
Mr. Glen A. Messina serves as the President, CEO and Director of Ocwen Financial Corp. since October 4, 2018. Mr. Messina serves as President & Director of PHH Mortgage Corporation. Mr. Messina was Consult ...
CEO Compensation Analysis
Glen's remuneration is higher than average for companies of similar size in United States of America.
Insufficient data for Glen to compare compensation growth.
Management Age and Tenure
0.8yrs
Average Tenure
53yo
Average Age
The average tenure for the Ocwen Financial management team is less than 2 years, this suggests a new team.
Board Age and Tenure
2.9yrs
Average Tenure
63.5yo
Average Age
The average tenure for the Ocwen Financial board of directors is less than 3 years, this suggests a new board.
Insider Trading
More shares have been bought than sold by Ocwen Financial individual insiders in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 10,000 |
| Max Price | US$1.73 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 20,000 |
| Max Price | US$1.52 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 31,600 |
| Max Price | US$1.59 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 30,000 |
| Max Price | US$1.53 |
| Entity | Individual |
| Role | Chief Financial Officer Executive VP & CFO |
| Shares | 33,750 |
| Max Price | US$1.50 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, President & Director |
| Shares | 132,000 |
| Max Price | US$1.53 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 161,105 |
| Max Price | US$1.56 |
| Entity | Individual |
| Shares | 35,000 |
| Max Price | US$1.39 |
| Entity | Individual |
| Role | Chairman of the Board Non-Executive Chairwoman |
| Shares | 52,163 |
| Max Price | US$1.47 |
| Entity | Company |
| Shares | 275,007 |
| Max Price | US$1.70 |
| Entity | Company |
| Shares | 1,325,666 |
| Max Price | US$1.79 |
| Entity | Company |
| Shares | 425,000 |
| Max Price | US$2.05 |
Ownership Breakdown
Management Team
John Britti (59yo)
Executive VP & Chief Investment Officer
- Tenure: 5.2yrs
- Compensation: US$1.32m
Michael Short
Vice President of Business Development and Investor Relations
- Tenure: 0.0yrs
Stephen Swett
Investors Contact
- Tenure: 0.0yrs
Glen Messina (57yo)
CEO, President & Director
- Tenure: 0.8yrs
- Compensation: US$7.63m
Scott Anderson (50yo)
Executive VP & Chief Servicing Officer
- Tenure: 10.6yrs
- Compensation: US$814.24k
Albert Celini (56yo)
Senior VP
- Tenure: 0.8yrs
Arthur Walker (48yo)
Senior Vice President of Global Tax
- Tenure: 6.0yrs
- Compensation: US$934.65k
June Campbell (61yo)
Executive VP & CFO
- Tenure: 0.4yrs
Joe Samarias (47yo)
Chief Ethics Officer
- Tenure: 0.3yrs
Francois Grunenwald (48yo)
Senior VP & Chief Accounting Officer
- Tenure: 0.0yrs
Board Members
Kevin Stein (57yo)
Director
- Tenure: 0.5yrs
Jenne Britell (77yo)
Director
- Tenure: 0.5yrs
Buster Soaries (68yo)
Director
- Tenure: 4.6yrs
- Compensation: US$263.00k
Jacques Busquet (70yo)
Director
- Tenure: 3.6yrs
- Compensation: US$275.50k
Phyllis Caldwell (59yo)
Non-Executive Chairwoman
- Tenure: 3.4yrs
- Compensation: US$308.00k
Alan Bowers (64yo)
Director
- Tenure: 4.3yrs
- Compensation: US$260.50k
Glen Messina (57yo)
CEO, President & Director
- Tenure: 0.8yrs
- Compensation: US$7.63m
Bob Lipstein (63yo)
Director
- Tenure: 2.4yrs
- Compensation: US$258.00k
Company Information
Ocwen Financial Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Ocwen Financial Corporation
- Ticker: OCN
- Exchange: NYSE
- Founded: 1988
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: US$240.926m
- Shares outstanding: 134.60m
- Website: https://www.ocwen.com
Number of Employees
Location
- Ocwen Financial Corporation
- 1661 Worthington Road
- Suite 100
- West Palm Beach
- Florida
- 33409
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| OCN | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Sep 1996 |
| OW0 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Sep 1996 |
| 0KAS | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Sep 1996 |
Biography
Ocwen Financial Corporation, a financial services holding company, originates and services loans in the United States, the United States Virgin Islands, India, and Philippines. Its Servicing segment provid ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/25 23:43 |
| End of Day Share Price | 2019/08/23 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.