ONEX vs. IGM, CIX, BAM, IAG, DFY, X, ELF, EQB, GSY, and CWB
Should you be buying Onex stock or one of its competitors? The main competitors of Onex include IGM Financial (IGM), CI Financial (CIX), Brookfield Asset Management (BAM), iA Financial (IAG), Definity Financial (DFY), TMX Group (X), E-L Financial (ELF), EQB (EQB), goeasy (GSY), and Canadian Western Bank (CWB). These companies are all part of the "financial services" sector.
Onex (TSE:ONEX) and IGM Financial (TSE:IGM) are both mid-cap financial services companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, valuation, earnings, community ranking, profitability, media sentiment, analyst recommendations, risk and institutional ownership.
Onex has higher earnings, but lower revenue than IGM Financial. Onex is trading at a lower price-to-earnings ratio than IGM Financial, indicating that it is currently the more affordable of the two stocks.
Onex pays an annual dividend of C$0.40 per share and has a dividend yield of 0.4%. IGM Financial pays an annual dividend of C$2.25 per share and has a dividend yield of 6.2%. Onex pays out 3.0% of its earnings in the form of a dividend. IGM Financial pays out 69.7% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.
In the previous week, Onex had 3 more articles in the media than IGM Financial. MarketBeat recorded 3 mentions for Onex and 0 mentions for IGM Financial. IGM Financial's average media sentiment score of 1.05 beat Onex's score of 0.47 indicating that IGM Financial is being referred to more favorably in the news media.
IGM Financial received 17 more outperform votes than Onex when rated by MarketBeat users. However, 57.00% of users gave Onex an outperform vote while only 45.12% of users gave IGM Financial an outperform vote.
Onex has a net margin of 69.02% compared to IGM Financial's net margin of 27.67%. IGM Financial's return on equity of 11.63% beat Onex's return on equity.
35.6% of Onex shares are owned by institutional investors. Comparatively, 8.0% of IGM Financial shares are owned by institutional investors. 16.4% of Onex shares are owned by company insiders. Comparatively, 59.2% of IGM Financial shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
Onex currently has a consensus price target of C$113.00, indicating a potential upside of 17.04%. IGM Financial has a consensus price target of C$44.00, indicating a potential upside of 20.75%. Given IGM Financial's higher probable upside, analysts clearly believe IGM Financial is more favorable than Onex.
Onex has a beta of 1.56, meaning that its share price is 56% more volatile than the S&P 500. Comparatively, IGM Financial has a beta of 1.55, meaning that its share price is 55% more volatile than the S&P 500.
Summary
IGM Financial beats Onex on 10 of the 19 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding ONEX and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of TSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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