Snowflake Score | |
---|---|
Valuation | 3/6 |
Future Growth | 0/6 |
Past Performance | 3/6 |
Financial Health | 0/6 |
Dividends | 0/6 |
OCN Stock Overview
Ocwen Financial Corporation, a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines.
Ocwen Financial Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | US$22.35 |
52 Week High | US$41.92 |
52 Week Low | US$17.76 |
Beta | 1.94 |
1 Month Change | 7.45% |
3 Month Change | -37.88% |
1 Year Change | -31.55% |
3 Year Change | -10.24% |
5 Year Change | -43.56% |
Change since IPO | -85.28% |
Recent News & Updates
Shareholder Returns
OCN | US Mortgage | US Market | |
---|---|---|---|
7D | -2.0% | 5.9% | 2.7% |
1Y | -31.5% | -30.2% | -8.1% |
Return vs Industry: OCN exceeded the US Mortgage industry which returned -33.1% over the past year.
Return vs Market: OCN underperformed the US Market which returned -10.8% over the past year.
Price Volatility
OCN volatility | |
---|---|
OCN Average Weekly Movement | 9.9% |
Mortgage Industry Average Movement | 3.9% |
Market Average Movement | 7.8% |
10% most volatile stocks in US Market | 16.9% |
10% least volatile stocks in US Market | 2.9% |
Stable Share Price: OCN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: OCN's weekly volatility (10%) has been stable over the past year.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
1988 | 5,800 | Glen Messina | https://www.ocwen.com |
Ocwen Financial Corporation, a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. The company operates through Servicing and Originations segments. It provides commercial mortgage loan servicing, special servicing, and asset management services, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans to owners of mortgage loans and foreclosed real estate.
Ocwen Financial Fundamentals Summary
OCN fundamental statistics | |
---|---|
Market Cap | US$201.94m |
Earnings (TTM) | US$67.62m |
Revenue (TTM) | US$1.07b |
3.1x
P/E Ratio0.4x
P/B RatioIs OCN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
OCN income statement (TTM) | |
---|---|
Revenue | US$1.07b |
Cost of Revenue | US$100.32m |
Gross Profit | US$973.74m |
Other Expenses | US$906.13m |
Earnings | US$67.62m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
Earnings per share (EPS) | 7.31 |
Gross Margin | 90.66% |
Net Profit Margin | 6.30% |
Debt/Equity Ratio | 2,052.3% |
How did OCN perform over the long term?
See historical performance and comparisonValuation
Is Ocwen Financial undervalued compared to its fair value and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
3.06x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate OCN's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate OCN's fair value for valuation analysis.
Price To Earnings Ratio
PE vs Industry: OCN is good value based on its PE Ratio (3.1x) compared to the US Mortgage industry average (12.1x).
PE vs Market: OCN is good value based on its PE Ratio (3.1x) compared to the US market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: OCN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: OCN is good value based on its PB Ratio (0.4x) compared to the US Mortgage industry average (0.9x).
Future Growth
How is Ocwen Financial forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-17.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OCN's earnings are forecast to decline over the next 3 years (-17.7% per year).
Earnings vs Market: OCN's earnings are forecast to decline over the next 3 years (-17.7% per year).
High Growth Earnings: OCN's earnings are forecast to decline over the next 3 years.
Revenue vs Market: OCN's revenue (0.2% per year) is forecast to grow slower than the US market (7.9% per year).
High Growth Revenue: OCN's revenue (0.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if OCN's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Ocwen Financial performed over the past 5 years?
Past Performance Score
3/6Past Performance Score 3/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
36.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OCN has high quality earnings.
Growing Profit Margin: OCN became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: OCN has become profitable over the past 5 years, growing earnings by 36.2% per year.
Accelerating Growth: OCN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: OCN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Mortgage industry (7.1%).
Return on Equity
High ROE: OCN's Return on Equity (12.7%) is considered low.
Financial Health
How is Ocwen Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score
0/6Financial Health Score 0/6
Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: OCN's Assets to Equity ratio (23x) is very high.
Allowance for Bad Loans: Insufficient data to determine if OCN has a sufficient allowance for bad loans.
Low Risk Liabilities: OCN reports no customer deposits, 100% of its liabilities are made up of higher risk sources of funding.
Loan Level: Insufficient data to determine if OCN has an appropriate level of Loans to Assets ratio.
Low Risk Deposits: OCN reports no customer deposits, loans are made up entirely of externally borrowed funds.
Level of Bad Loans: Insufficient data to determine if OCN has an appropriate level of bad loans.
Dividend
What is Ocwen Financial current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate OCN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate OCN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if OCN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if OCN's dividend payments have been increasing.
Current Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of OCN's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.4yrs
Average management tenure
CEO
Glen Messina (59 yo)
3.58yrs
Tenure
US$6,627,653
Compensation
Mr. Glen A. Messina serves as the President, CEO and Director of Ocwen Financial Corp. since October 4, 2018. Mr. Messina serves as President & CEO of PHH Mortgage Corporation. Mr. Messina was Consultant o...
CEO Compensation Analysis
Compensation vs Market: Glen's total compensation ($USD6.63M) is above average for companies of similar size in the US market ($USD1.68M).
Compensation vs Earnings: Glen's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: OCN's management team is considered experienced (3.4 years average tenure).
Board Members
Experienced Board: OCN's board of directors are considered experienced (6.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.2%.
Top Shareholders
Company Information
Ocwen Financial Corporation's 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
- Implied Market Cap: US$201.938m
- Shares outstanding: 9.25m
- 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
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/05/17 00:00 |
End of Day Share Price | 2022/05/17 00:00 |
Earnings | 2022/03/31 |
Annual Earnings | 2021/12/31 |
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.