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 better stock? We will compare the two companies based on the strength of their risk, institutional ownership, analyst recommendations, media sentiment, earnings, dividends, valuation, community ranking and profitability.
Onex presently has a consensus target price of C$108.33, indicating a potential upside of 13.64%. IGM Financial has a consensus target price of C$44.00, indicating a potential upside of 16.93%. Given IGM Financial's higher probable upside, analysts clearly believe IGM Financial is more favorable than Onex.
IGM Financial has higher revenue and earnings than Onex. 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 has a beta of 1.56, indicating that its share price is 56% more volatile than the S&P 500. Comparatively, IGM Financial has a beta of 1.55, indicating that its share price is 55% more volatile than the S&P 500.
In the previous week, IGM Financial had 4 more articles in the media than Onex. MarketBeat recorded 11 mentions for IGM Financial and 7 mentions for Onex. IGM Financial's average media sentiment score of 0.64 beat Onex's score of 0.28 indicating that IGM Financial is being referred to more favorably in the news media.
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 6.0%. Onex pays out 4.4% 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.
35.6% of Onex shares are owned by institutional investors. Comparatively, 8.1% 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 endowments, hedge funds and large money managers believe a stock is poised for long-term growth.
Onex has a net margin of 48.85% 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.
IGM Financial received 17 more outperform votes than Onex when rated by MarketBeat users. However, 57.12% of users gave Onex an outperform vote while only 45.12% of users gave IGM Financial an outperform vote.
Summary
IGM Financial beats Onex on 12 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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