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Onity Group (LTS:0KAS) Piotroski F-Score : 3 (As of Mar. 03, 2025)


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What is Onity Group Piotroski F-Score?

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Onity Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Onity Group's Piotroski F-Score or its related term are showing as below:

LTS:0KAS' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 3

During the past 13 years, the highest Piotroski F-Score of Onity Group was 7. The lowest was 3. And the median was 5.


Onity Group Piotroski F-Score Historical Data

The historical data trend for Onity Group's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Onity Group Piotroski F-Score Chart

Onity Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 3.00 7.00 6.00 3.00

Onity Group Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 5.00 8.00 5.00 3.00

Competitive Comparison of Onity Group's Piotroski F-Score

For the Mortgage Finance subindustry, Onity Group's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Onity Group's Piotroski F-Score Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Onity Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Onity Group's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Dec24) TTM:Last Year (Dec23) TTM:
Net Income was 30.1 + 10.5 + 21.4 + -28.1 = $34 Mil.
Cash Flow from Operations was -297.1 + -77.9 + 19.2 + -218 = $-574 Mil.
Revenue was 256.6 + 268.9 + 290.2 + 253.6 = $1,069 Mil.
Gross Profit was 120.6 + 126.9 + 145.4 + 102.6 = $496 Mil.
Average Total Assets from the begining of this year (Dec23)
to the end of this year (Dec24) was
(12513.7 + 13090.1 + 13084.7 + 13226.7 + 16435.4) / 5 = $13670.12 Mil.
Total Assets at the begining of this year (Dec23) was $12,514 Mil.
Long-Term Debt & Capital Lease Obligation was $14,684 Mil.
Total Current Assets was $13,473 Mil.
Total Current Liabilities was $252 Mil.
Net Income was -40.2 + 15.5 + 8.5 + -47.5 = $-64 Mil.

Revenue was 275.9 + 292.4 + 281.5 + 295.1 = $1,145 Mil.
Gross Profit was 139.9 + 148.8 + 136 + 160 = $585 Mil.
Average Total Assets from the begining of last year (Dec22)
to the end of last year (Dec23) was
(12399.2 + 12627 + 13216 + 13011.7 + 12513.7) / 5 = $12753.52 Mil.
Total Assets at the begining of last year (Dec22) was $12,399 Mil.
Long-Term Debt & Capital Lease Obligation was $10,879 Mil.
Total Current Assets was $9,794 Mil.
Total Current Liabilities was $220 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Onity Group's current Net Income (TTM) was 34. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Onity Group's current Cash Flow from Operations (TTM) was -574. ==> Negative ==> Score 0.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Dec23)
=33.9/12513.7
=0.00270903

ROA (Last Year)=Net Income/Total Assets (Dec22)
=-63.7/12399.2
=-0.00513743

Onity Group's return on assets of this year was 0.00270903. Onity Group's return on assets of last year was -0.00513743. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Onity Group's current Net Income (TTM) was 34. Onity Group's current Cash Flow from Operations (TTM) was -574. ==> -574 <= 34 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=14683.9/13670.12
=1.07416029

Gearing (Last Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=10879.3/12753.52
=0.85304292

Onity Group's gearing of this year was 1.07416029. Onity Group's gearing of last year was 0.85304292. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Dec24)=Total Current Assets/Total Current Liabilities
=13473.3/252.4
=53.38074485

Current Ratio (Last Year: Dec23)=Total Current Assets/Total Current Liabilities
=9793.6/219.9
=44.53660755

Onity Group's current ratio of this year was 53.38074485. Onity Group's current ratio of last year was 44.53660755. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Onity Group's number of shares in issue this year was 8.329. Onity Group's number of shares in issue last year was 7.678. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=495.5/1069.3
=0.46338726

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=584.7/1144.9
=0.51069962

Onity Group's gross margin of this year was 0.46338726. Onity Group's gross margin of last year was 0.51069962. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec23)
=1069.3/12513.7
=0.08545035

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec22)
=1144.9/12399.2
=0.0923366

Onity Group's asset turnover of this year was 0.08545035. Onity Group's asset turnover of last year was 0.0923366. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+0+1+0+0+1+0+0+0
=3

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Onity Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Onity Group  (LTS:0KAS) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Onity Group Piotroski F-Score Related Terms

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Onity Group Business Description

Traded in Other Exchanges
Address
1661 Worthington Road, Suite 100, West Palm Beach, FL, USA, 33409
Onity Group Inc is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage. PHH Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs. Liberty is one of the nation's largest reverse mortgage lenders dedicated to education and providing loans that help customers meet their personal and financial needs.

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