Equity multiplier, or assets relative to shareholders' equity, comes in at 24.2 for Ocwen Financial Corp; that's greater than it is for 98.35% of US stocks.
In terms of volatility of its share price, OCN is more volatile than 98.3% of stocks we're observing.
Ocwen Financial Corp's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is -162.3%, greater than the shareholder yield of merely 1.86% of stocks in our set.
Stocks that are quantitatively similar to OCN, based on their financial statements, market capitalization, and price volatility, are SQBG, GTT, IRM, SEAS, and HCHC.
Ocwen Financial engages in servicing and origination of mortgage loans in the United States. Its Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset management services to owners of mortgage loans and foreclosed real estate. The company was founded in 1988 and is based in Atlanta, Georgia.
OCN Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Ocwen Financial Corp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Ocwen Financial Corp ranked in the 60th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 45.67% on a DCF basis. As for the metrics that stood out in our discounted cash flow analysis of Ocwen Financial Corp, consider:
The compound growth rate in the free cash flow of Ocwen Financial Corp over the past 5.47 years is -0.14%; that's better than only 11.55% of cash flow producing equities in the Financial Services sector, where it is classified.
8% of the company's capital comes from equity, which is greater than only 2.01% of stocks in our cash flow based forecasting set.
Ocwen Financial Corp's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than merely 0% of US stocks with positive free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
AINV, PRI, THG, KMPR, and FHI can be thought of as valuation peers to OCN, in the sense that they are in the Financial Services sector and have a similar price forecast based on DCF valuation.
Toronto, Ontario--(Newsfile Corp. - January 14, 2021) - Moneta Porcupine Mines Inc. (TSX: ME) (OTC PINK: MPUCF) (FSE: MOP) ("Moneta" or the "Company") is pleased to announce that the Company has entered into a definitive share purchase agreement (the "Purchase Agreement") with O3 Mining Inc. (TSX.V:OIII; OTCQX:OQMGF) ("O3 Mining") pursuant to which Moneta will acquire all of the issued and outstanding shares of Northern Gold Mining Inc., a wholly-owned subsidiary of O3 Mining, which ...
O3 Mining Inc. (TSX.V: OIII) (OTCQX: OIIIF) ("O3 Mining" or the "Corporation") is pleased to announce that it has entered into a definitive share purchase agreement with Moneta Porcupine Mines Inc. (TSX: ME) (OTC: MPUCF) ("Moneta"), pursuant to which it has agreed to sell its wholly-owned subsidiary, Northern Gold Mining Inc. ("Northern Gold"), in exchange for 149,507,273 common shares of Moneta ("Moneta Shares"), representing 30.1% of the outstanding Moneta Shares (the "Transaction"). Northern Gold owns 100% of the Golden Bear assets, including the Garrison gold project ("Garrison Project"), in the Kirkland Lake district of the Timmins gold mining camp in Ontario, Canada. Garrison is located adjacent to the Golden Highway Project where Moneta recently declared a mineral resource estima...
WEST PALM BEACH, Fla., Jan. 06, 2021 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today issued the following statement in response to the mediator’s notice that the Company’s court-ordered mediation with the Consumer Financial Protection Bureau (“CFPB” or “Bureau”) had concluded. The parties were unable to reach a settlement related to the lawsuit filed by the CFPB in 2017 against the Company regarding certain legacy servicing activities. “We are disappointed that settlement discussions with the CFPB did not resolve this matter, in particular since we have resolved all state regulatory actions filed against Ocwen in April 2017, most recently through a settlement reached with the State of Flo...
Ocwen Financial (OCN) and Oaktree Capital Management agree to form a company that will acquire and hold mortgage servicing rights through a MSR asset vehicle.Ocwen jumps 6.1% in after-hours trading.Ocwen's PHH Mortgage subsidiary will subservice the loans acquired through the vehicle. And, over time, the company believes the MAV could add...