Ocwen Financial
Market Cap
US$53.8m
Last Updated
2020/04/07 01:49 UTC
Data Sources
Company Financials +
Executive Summary
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.
Rewards
Risk Analysis
Snowflake Analysis
Moderate growth potential and overvalued.
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
Stable Share Price: OCN's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-22.5%
OCN
-13.0%
US Mortgage
-2.6%
US Market
1 Year Return
-80.5%
OCN
-36.4%
US Mortgage
-13.3%
US Market
Return vs Industry: OCN underperformed the US Mortgage industry which returned -37.9% over the past year.
Return vs Market: OCN underperformed the US Market which returned -15.9% over the past year.
Shareholder returns
| OCN | Industry | Market | |
|---|---|---|---|
| 7 Day | -22.5% | -13.0% | -2.6% |
| 30 Day | -64.8% | -36.1% | -15.2% |
| 90 Day | -75.3% | -41.2% | -22.2% |
| 1 Year | -80.5%-80.5% | -34.9%-36.4% | -11.5%-13.3% |
| 3 Year | -92.9%-92.9% | -28.7%-33.7% | 13.2%5.7% |
| 5 Year | -95.6%-95.6% | -11.1%-20.9% | 31.8%17.2% |
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
4 weeks ago | Simply Wall St
What Kind Of Share Price Volatility Should You Expect For Ocwen Financial Corporation (NYSE:OCN)?1 month ago | Simply Wall St
Do Insiders Own Lots Of Shares In Ocwen Financial Corporation (NYSE:OCN)?2 months ago | Simply Wall St
Have Insiders Been Buying Ocwen Financial Corporation (NYSE:OCN) Shares This Year?Valuation
Is Ocwen Financial undervalued compared to its fair value and its price relative to the market?
0.13x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate OCN's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate OCN's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: OCN is unprofitable, so we can't compare its PE Ratio to the Mortgage industry average.
PE vs Market: OCN is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate OCN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: OCN is good value based on its PB Ratio (0.1x) compared to the US Mortgage industry average (0.8x).
Next Steps
Future Growth
How is Ocwen Financial forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
113.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OCN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: OCN is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: OCN's is expected to become profitable in the next 3 years.
Revenue vs Market: OCN's revenue is expected to decline over the next 3 years (-10.5% per year).
High Growth Revenue: OCN's revenue is forecast to decline over the next 3 years (-10.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OCN's Return on Equity is forecast to be low in 3 years time (3%).
Next Steps
Past Performance
How has Ocwen Financial performed over the past 5 years?
36.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OCN is currently unprofitable.
Growing Profit Margin: OCN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: OCN is unprofitable, but has reduced losses over the past 5 years at a rate of 36.4% per year.
Accelerating Growth: Unable to compare OCN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: OCN is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage industry (10.9%).
Return on Equity
High ROE: OCN has a negative Return on Equity (-34.5%), as it is currently unprofitable.
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
Financial Institutions Analysis
Asset Level: OCN's level of assets compared to its equity 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, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if OCN has an acceptable proportion of non-loan assets held.
Low Risk Deposits: OCN has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if OCN has an appropriate level of bad loans.
Next Steps
Dividend
What is Ocwen Financial's current dividend yield, its reliability and sustainability?
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 payouts.
High Dividend: Unable to evaluate OCN's dividend yield against the top 25% of dividend payers, as the company has not reported any 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
Dividend 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?
1.5yrs
Average management tenure
CEO
Glen Messina (57yo)
1.5s
Tenure
US$7,633,883
Compensation
Mr. Glen A. Messina serves as the President, CEO and Director of Ocwen Financial Corp. since October 4, 2018. Mr. Messina serves as President & Director of PHH Mortgage Corporation. Mr. Messina was Consult ...
CEO Compensation Analysis
Compensation vs Market: Glen's total compensation ($USD7.63M) is above average for companies of similar size in the US market ($USD626.39K).
Compensation vs Earnings: Insufficient data to compare Glen's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 1.5yrs | US$7.63m | 0.36% $193.2k | |
| Executive VP & Chief Investment Officer | 5.83yrs | US$1.32m | 0.11% $60.7k | |
| Executive VP & Chief Servicing Officer | 11.25yrs | US$814.24k | 0.13% $72.3k | |
| Senior Vice President of Global Tax | 6.67yrs | US$934.65k | 0.064% $34.3k | |
| Executive VP & CFO | 1.08yrs | no data | 0.039% $21.2k | |
| Senior VP & Chief Accounting Officer | 0.67yr | no data | no data | |
| Vice President of Business Development and Investor Relations | no data | no data | no data | |
| Investors Contact | no data | no data | no data | |
| Senior VP | 1.42yrs | no data | no data | |
| Chief Ethics Officer | 1yr | no data | 0.036% $19.4k |
1.5yrs
Average Tenure
53yo
Average Age
Experienced Management: OCN's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 1.5yrs | US$7.63m | 0.36% $193.2k | |
| Independent Director | 1.17yrs | no data | 0.031% $16.7k | |
| Independent Director | 1.17yrs | no data | 0.038% $20.5k | |
| Independent Director | 5.25yrs | US$263.00k | 0.044% $23.7k | |
| Independent Director | 4.25yrs | US$275.50k | 0.10% $54.5k | |
| Non-Executive Chairwoman | 4.08yrs | US$308.00k | 0.17% $89.0k | |
| Independent Director | 4.92yrs | US$260.50k | 0.066% $35.6k | |
| Independent Director | 3.08yrs | US$258.00k | 0.20% $108.0k |
3.6yrs
Average Tenure
63.5yo
Average Age
Experienced Board: OCN's board of directors are considered experienced (3.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: OCN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$53.844m
- Shares outstanding: 134.95m
- 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 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 Lending segments. It provides commercial mortgage loan servicing, special servicing, and asset management services, as well as residential mortgage loan servicing, such as conventional, government-insured, and non-agency loans to owners of mortgage loans and foreclosed real estate. The company also originates and purchases conventional and government-insured residential forward and reverse mortgage loans through its correspondent lending arrangements, broker relationships, and retail channels of reverse mortgage lending. Ocwen Financial Corporation was founded in 1988 and is headquartered in West Palm Beach, Florida.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/07 01:49 |
| End of Day Share Price | 2020/04/06 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.