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$30.10|
|52 Week High||US$41.92|
|52 Week Low||US$17.76|
|1 Month Change||-7.39%|
|3 Month Change||30.25%|
|1 Year Change||9.65%|
|3 Year Change||7.31%|
|5 Year Change||-29.59%|
|Change since IPO||-80.18%|
Recent News & Updates
|OCN||US Mortgage||US Market|
Return vs Industry: OCN exceeded the US Mortgage industry which returned -19.6% over the past year.
Return vs Market: OCN exceeded the US Market which returned -9% over the past year.
|OCN Average Weekly Movement||9.5%|
|Mortgage Industry Average Movement||3.5%|
|Market Average Movement||7.6%|
|10% most volatile stocks in US Market||17.1%|
|10% least volatile stocks in US Market||3.1%|
Stable Share Price: OCN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: OCN's weekly volatility (9%) has been stable over the past year.
About the Company
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|
Is OCN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|OCN income statement (TTM)|
|Cost of Revenue||US$98.48m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||10.15|
|Net Profit Margin||8.57%|
How did OCN perform over the long term?See historical performance and comparison
Is OCN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for OCN?
Other financial metrics that can be useful for relative valuation.
|What is OCN's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does OCN's PE Ratio compare to its peers?
|OCN PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
PBFS Pioneer Bancorp
TBNK Territorial Bancorp
TSBK Timberland Bancorp
NECB Northeast Community Bancorp
OCN Ocwen Financial
Price-To-Earnings vs Peers: OCN is good value based on its Price-To-Earnings Ratio (3x) compared to the peer average (23x).
Price to Earnings Ratio vs Industry
How does OCN's PE Ratio compare vs other companies in the US Mortgage Industry?
Price-To-Earnings vs Industry: OCN is good value based on its Price-To-Earnings Ratio (3x) compared to the US Mortgage industry average (12x)
Price to Earnings Ratio vs Fair Ratio
What is OCN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||3x|
|Fair PE Ratio||6.8x|
Price-To-Earnings vs Fair Ratio: OCN is good value based on its Price-To-Earnings Ratio (3x) compared to the estimated Fair Price-To-Earnings Ratio (6.8x).
Share Price vs Fair Value
What is the Fair Price of OCN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
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.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is Ocwen Financial forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 (-26.1% per year).
Earnings vs Market: OCN's earnings are forecast to decline over the next 3 years (-26.1% per year).
High Growth Earnings: OCN's earnings are forecast to decline over the next 3 years.
Revenue vs Market: OCN's revenue (7.7% per year) is forecast to grow slower than the US market (7.8% per year).
High Growth Revenue: OCN's revenue (7.7% per year) is forecast to grow slower than 20% 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 (7.9%).
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How has Ocwen Financial performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OCN has a large one-off gain of $13.4M impacting its June 30 2022 financial results.
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 43.8% 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 (3.1%).
Return on Equity
High ROE: OCN's Return on Equity (16.2%) is considered low.
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How is Ocwen Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score0/6
Financial Health Score 0/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: OCN's Assets to Equity ratio (22.3x) 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.
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What is Ocwen Financial current dividend yield, its reliability and sustainability?
Dividend Score 0/6
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.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Glen Messina (60 yo)
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 ($USD1.67M).
Compensation vs Earnings: Glen's compensation has been consistent with company performance over the past year.
Experienced Management: OCN's management team is considered experienced (3.6 years average tenure).
Experienced Board: OCN's board of directors are considered experienced (6.6 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Ocwen Financial Corporation's employee growth, exchange listings and data sources
- Name: Ocwen Financial Corporation
- Ticker: OCN
- Exchange: NYSE
- Founded: 1988
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Implied Market Cap: US$261.831m
- Shares outstanding: 8.70m
- Website: https://www.ocwen.com
Number of Employees
- Ocwen Financial Corporation
- 1661 Worthington Road
- Suite 100
- West Palm Beach
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/18 00:00|
|End of Day Share Price||2022/08/18 00:00|
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.