$OneMain (OMF.US)$Mainly consumer loans, revenue has continu...
$OneMain(OMF.US$Mainly consumer loans, revenue has continued to grow over the past 5 years. Revenue is mainly interest income, and interest income has also maintained growth for 5 years. With the exception of 2021, credit loss reserves all exceeded 1 billion dollars, and fluctuations in net profit were mainly caused by this part.
The balance ratio has increased from 81% to 86.6% over the past 5 years. Assets mainly consist of loans, goodwill and other intangible assets of 1.7 billion dollars, accounting for 56% of net assets. Liabilities are mainly composed of long-term loans, and will not face a situation of crowding out like SVB.
Net assets of $3,029 million and treasury stock of $667 million are not enough to offset goodwill and other intangible assets.
Currently, the price-earnings ratio is 5.2 and the net price-earnings ratio is 1.5, which is not very attractive in terms of valuation.
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