Professional
Added to YB: 2025-07-31
Pitch date: 2025-07-29
ONIT [bullish]
Onity Group Inc.
-30.44%
current return
Author Info
Special Situation Investments focuses on event-driven trades and low risk arbitrage opportunities with short term catalysts. Sign up for the newsletter.
Company Info
Onity Group Inc., a financial services company, originates and services forward and reserve mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines.
Market Cap
$291.2M
Pitch Price
$38.34
Price Target
46.00 (+72%)
Dividend
N/A
EV/EBITDA
16.78
P/E
2.19
EV/Sales
9.55
Sector
Financial Services
Category
special_situation
Onity Group ($ONIT): Profitable, Ignored, and Poised for Revaluation
$ONIT: Loan servicing turnaround profitable after 2018 mgmt change. Large DTA hidden by past allowances likely to be released this year. Trades 0.5-0.65x BV vs peers at 0.8-2x. April rumors of potential sale; 0.8x BV ex-DTA would mean 20% upside. Downside protected at current valuation.
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