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ONEX Corporation (TSE:ONEX)
TSX:ONEX
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Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 09, 2018
|% Change Since: 2.09%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive outlook for Onex with strong liquidity, market leadership in structured credit, and significant capital returns. However, there were challenges in specific private equity verticals and lagging returns compared to public benchmarks. The sentiment is predominantly positive due to the overarching achievements and strategic initiatives.Company Guidance
During the Q3 2024 earnings call for Onex, the company provided robust guidance reflecting strong performance across various business segments. Onex reported a pro forma cash position exceeding $1.8 billion, enabling it to confidently execute a Substantial Issuer Bid (SIB) to buy back shares, aiming to capitalize on them trading below intrinsic value. The structured credit business showed significant momentum, completing 23 transactions that raised $5.6 billion of new fee-generating assets under management (AUM) and extended another $5 billion, achieving a 22% year-to-date increase in fee-generating AUM. Private equity also showed strength with ONCAP V securing over $1 billion in commitments and the Onex Partners Opportunities Fund nearing $1.2 billion. The company completed several realizations, returning over $2.7 billion to Limited Partners, including $900 million attributable to Onex. Onex's investment capital per share saw a 3% return this quarter, contributing to a 14% annual return over five years. Additionally, Onex managed to raise $2.1 billion in fee-generating AUM across private equity and credit this quarter, driven significantly by its CLO business, which extended over $10 billion in assets this year. The firm also ended Q3 with $270 million in accrued carry, indicating future value creation potential. Overall, Onex's strategic focus on disciplined capital allocation and strengthening its balance sheet is set to drive continued growth and attractive returns for shareholders.Strong Liquidity and Balance Sheet
Pro forma cash position of over $1.8 billion, enabling strategic capital allocation and execution of the Substantial Issuer Bid (SIB).
Market Leadership in Structured Credit
Structured credit business completed 23 transactions, raising $5.6 billion of new fee-generating AUM and extending another $5 billion, with a 22% increase in structured credit fee-generating AUM year-to-date.
Significant Capital Returns
Over $2.7 billion of capital returned to Limited Partners year-to-date, with Onex' share being over $900 million.
Private Equity and Credit Growth
Raised approximately $2.1 billion of fee-generating AUM across private equity and credit in Q3, with strong contributions from CLO activities.
Positive Investment Returns
Investing capital per share returned 3% in the quarter and 9% over the last 12 months, with a 14% annual return over the last 5 years.
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TSE:ONEX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:ONEX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | C$108.66 | C$111.02 | +2.17% |
| Aug 08, 2024 | C$87.74 | C$87.44 | -0.34% |
| May 10, 2024 | C$99.73 | C$95.05 | -4.69% |
| Feb 23, 2024 | C$103.00 | C$101.40 | -1.55% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ONEX Corporation (TSE:ONEX) report earnings?
ONEX Corporation (TSE:ONEX) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is ONEX Corporation (TSE:ONEX) earnings time?
ONEX Corporation (TSE:ONEX) earnings time is at Feb 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:ONEX EPS forecast?
Currently, no data Available
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