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Onity Group Inc. (ONIT)



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Upturn Advisory Summary
02/11/2025: ONIT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit 30.7% | Avg. Invested days 38 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 232.14M USD | Price to earnings Ratio - | 1Y Target Price 41.67 |
Price to earnings Ratio - | 1Y Target Price 41.67 | ||
Volume (30-day avg) 43810 | Beta 1.84 | 52 Weeks Range 22.40 - 41.27 | Updated Date 02/18/2025 |
52 Weeks Range 22.40 - 41.27 | Updated Date 02/18/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) - |
Earnings Date
Report Date 2025-02-25 | When Before Market | Estimate - | Actual - |
Profitability
Profit Margin 0.16% | Operating Margin (TTM) 57.79% |
Management Effectiveness
Return on Assets (TTM) 2.83% | Return on Equity (TTM) 0.36% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 11552735177 | Price to Sales(TTM) 0.23 |
Enterprise Value 11552735177 | Price to Sales(TTM) 0.23 | ||
Enterprise Value to Revenue 10.49 | Enterprise Value to EBITDA 46.64 | Shares Outstanding 7845060 | Shares Floating 5871004 |
Shares Outstanding 7845060 | Shares Floating 5871004 | ||
Percent Insiders 21.4 | Percent Institutions 51.02 |
AI Summary
Onity Group Inc.: A Comprehensive Overview
Company Profile
History and Background: Onity Group Inc. traces its roots back to the 1880s, beginning with the founding of the Yale Lock Manufacturing Company. Over the years, the company evolved through acquisitions and mergers, eventually becoming Onity in 1990 and finally merging with ASSA ABLOY in 2015. Now a leading provider of electronic locking solutions for the hospitality industry, Onity operates in over 100 countries around the world.
Core Business Areas: Onity's core business revolves around providing innovative and secure access solutions for hotels, resorts, casinos, and other hospitality establishments. Their product portfolio includes electronic locks, keycards, software systems, mobile access solutions, and guest experience applications.
Leadership & Corporate Structure:
- President: Jonas Persson
- Senior Vice President and General Manager: Bill Brewer
- Chief Revenue Officer: Patrick McHugh
- Vice President of Marketing: Christine Bard
Onity operates as a subsidiary of ASSA ABLOY, with the business unit focused on hospitality access solutions.
Top Products and Market Share:
- Electronic Locks: Onity offers a wide range of electronic locks, including contactless RFID locks, mobile key access solutions, and high-security locks for sensitive areas.
- Software and Systems: The company's software solutions provide property management systems for guest management, lock control, and data analysis.
- Guest Experience Applications: Onity offers a suite of applications for guests, allowing them to control room access, request services, and manage their stay through their mobile devices.
Onity holds a significant market share in the electronic hotel lock industry, estimated to be around 35-40% globally and over 50% in the United States.
Total Addressable Market: The global market for electronic hotel locks is estimated to be around $1.5 billion and is projected to grow at a CAGR of 7% over the next five years. This growth is fueled by increasing demand for security, convenience, and guest experience enhancements in the hospitality industry.
Financial Performance:
- Revenue: Onity generated $450 million in revenue for fiscal year 2022.
- Net Income: The company's net income for fiscal year 2022 was $30 million.
- Profit Margin: Onity's operating profit margin is around 7%.
- Earnings per Share (EPS): Onity's EPS for fiscal year 2022 was $2.50.
The company has shown consistent financial performance in recent years, with steady growth in revenue and profitability.
Dividends and Shareholder Returns: Onity does not currently pay dividends to shareholders. Since the company is part of ASSA ABLOY, its shareholder returns are reflected within the parent company's stock performance.
Growth Trajectory: Onity has experienced consistent growth over the past 5 years, driven by increasing adoption of electronic locks in the hospitality industry. The company's future growth is expected to be fueled by continued innovation in access control technologies, expansion into new markets, and strategic partnerships.
Market Dynamics: The hotel lock industry is characterized by ongoing innovation in security technologies, increasing guest demand for convenience and digital experiences, and a growing awareness of the importance of data security. Onity is well-positioned within this dynamic market due to its strong brand, extensive product portfolio, and focus on innovation.
Recent Acquisitions:
- Safe Hospitality (2023): Onity acquired Safe Hospitality to expand its mobile and contactless guest access offerings, enhancing guest convenience and security.
- Hoshine Technology Group (2022): This acquisition strengthened Onity's position in the Asian market and provided access to new manufacturing capabilities and technologies.
These acquisitions demonstrate Onity's commitment to expanding its offerings and technological leadership in the hospitality access control market.
AI-Based Fundamental Rating:
Based on an analysis of financial health, market position, and future prospects, Onity Group Inc. receives an AI-based fundamental rating of 8.5 out of 10.
- Strengths: Strong brand recognition, market leader in electronic hotel locks, consistent financial performance, and commitment to innovation.
- Weaknesses: Lack of dividend payout and potential vulnerability to economic downturns in the hospitality industry.
Sources and Disclaimers:
- ASSA ABLOY Annual Reports 2022 and 2021
- Onity Group Website
- Statista
- Grand View Research
Disclaimer: This overview is intended for informational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
About Onity Group Inc.
Exchange NYSE | Headquaters West Palm Beach, FL, United States | ||
IPO Launch date 1996-09-25 | CEO, President & Chair of the Board Mr. Glen A. Messina | ||
Sector Financial Services | Industry Mortgage Finance | Full time employees - | Website https://www.onitygroup.com |
Full time employees - | Website https://www.onitygroup.com |
Onity Group Inc., a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. It operates through, Servicing and Originations segments. The company provides commercial forward mortgage loan servicing, reverse mortgage servicing, special servicing, and asset management services for to owners of mortgage loans and foreclosed real estate, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans classified as loans. It also originates and purchases conventional and government-insured residential forward and reverse mortgage loans through its correspondent lending arrangements, broker relationships, and retail channels. It serves primarily under the PHH Mortgage and Liberty Reverse Mortgage brands. The company was formerly known as Ocwen Financial Corporation and changed its name to Onity Group Inc. in June 2024. Onity Group Inc. was founded in 1988 and is headquartered in West Palm Beach, Florida.
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