ONEX vs. BAM, IGM, CIX, SII, FIH.U, UNC, CVG, GCG.A, CGI, and SEC
Should you be buying Onex stock or one of its competitors? The main competitors of Onex include Brookfield Asset Management (BAM), IGM Financial (IGM), CI Financial (CIX), Sprott (SII), Fairfax India (FIH.U), United Co.s (UNC), Clairvest Group (CVG), Guardian Capital Group (GCG.A), Canadian General Investments (CGI), and Senvest Capital (SEC). These companies are all part of the "asset management" industry.
Brookfield Asset Management (TSE:BAM) and Onex (TSE:ONEX) are both financial services companies, but which is the better investment? We will contrast the two businesses based on the strength of their dividends, community ranking, media sentiment, earnings, institutional ownership, analyst recommendations, risk, valuation and profitability.
Onex has lower revenue, but higher earnings than Brookfield Asset Management. Onex is trading at a lower price-to-earnings ratio than Brookfield Asset Management, indicating that it is currently the more affordable of the two stocks.
Onex has a net margin of 69.02% compared to Onex's net margin of 45.32%. Onex's return on equity of 18.79% beat Brookfield Asset Management's return on equity.
Brookfield Asset Management pays an annual dividend of C$2.09 per share and has a dividend yield of 3.9%. Onex pays an annual dividend of C$0.40 per share and has a dividend yield of 0.4%. Brookfield Asset Management pays out 143.2% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Onex pays out 3.0% of its earnings in the form of a dividend.
66.3% of Brookfield Asset Management shares are held by institutional investors. Comparatively, 35.6% of Onex shares are held by institutional investors. 14.1% of Brookfield Asset Management shares are held by company insiders. Comparatively, 16.4% of Onex shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.
Onex has a consensus price target of C$113.00, indicating a potential upside of 16.95%. Given Brookfield Asset Management's higher probable upside, analysts clearly believe Onex is more favorable than Brookfield Asset Management.
In the previous week, Brookfield Asset Management had 2 more articles in the media than Onex. MarketBeat recorded 3 mentions for Brookfield Asset Management and 1 mentions for Onex. Onex's average media sentiment score of 1.32 beat Brookfield Asset Management's score of 0.39 indicating that Brookfield Asset Management is being referred to more favorably in the media.
Onex received 45 more outperform votes than Brookfield Asset Management when rated by MarketBeat users. However, 73.59% of users gave Brookfield Asset Management an outperform vote while only 57.00% of users gave Onex an outperform vote.
Summary
Onex beats Brookfield Asset Management on 10 of the 18 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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