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Investor Insights

This summary was created by AI, based on 5 opinions in the last 12 months.

Onex Corp (ONEX-T) is a well-established company with a strong track record in the private equity space. Despite the recent change in leadership and fluctuations in share price, experts agree that the company holds significant intrinsic value and has the potential for future growth. While some suggest that the stock is currently undervalued and presents a buying opportunity, others caution that it may continue to trade at a discount. Overall, Onex Corp remains an attractive investment option for those interested in the private equity sector.

Consensus
Attractive
Valuation
Undervalued
PAST TOP PICK
Onex Corp
(A Top Pick Jun 28/23, Up 10%)

Will continue to hold. Business performing well. Earnings continue to rise. Strong management team with sharp capital allocation skills. Current share price is cheap. Market not recognizing value in business. $145/share in capital, with a share price below $100/share. 

mngmnt / diversified
PAST TOP PICK
Onex Corp
(A Top Pick Nov 28/23, Up 3%)

Wonderful franchise that generates excellent profits. New CEO very experienced. Believes share price should be around $140 / share. Currently undervalued with room for growth. Will continue to own shares. 

mngmnt / diversified
DON'T BUY
Onex Corp

More of a niche, smaller, private equity player that gets left out of transactions. Could narrow discount to NAV, say, by using excess cash to buy back shares. But that would reduce ability to do deals. Likely to continue to trade at a discount. Instead, look at BN.

mngmnt / diversified
TOP PICK
Onex Corp

Shares plunged in 2022 and part of this year, but have nearly recovered. Gerry Schwartz is no longer CEO. They've bought and sold many businesses. Onex's intrinsic value is $130-140, but shares trade at $90, so there's a big disconnect by the market. Onex keeps buying back shares and are ramping up acquisitions.

(Analysts’ price target is $112.33)
mngmnt / diversified
COMMENT
Onex Corp

Likes the private equity space. Has rallied 30% since June, but still trading at a discount to NAV. Has a long track record. A great way for investors to participate in areas that are closed to them, making private equity public.

mngmnt / diversified
TRADE
Onex Corp

It is going sideways and is on his watchlist. There is lots of upside ahead when it breaks out of its consolidation phase. The breakout hasn't happened yet so he is not buying, but you could trade it - buy it at the bottom of its trading range and sell it at the top. He gives the chart a 5 out of 10 which is not bad.

mngmnt / diversified
DON'T BUY
Onex Corp

Very strong management team.
Hard stock to value. Private equity firm.
Trading at discount to net asset value.
High interest rates makes it hard for company to grow.
Better names to own.

mngmnt / diversified
COMMENT
Onex Corp
It is a large private equity firm and it is hard to understand all the moving parts. It has a good management team which has generated some fantastic returns over the years.
mngmnt / diversified
DON'T BUY
Onex Corp
Distressed asset managers good to look at in a down market. Anyone who has raised fresh capital will be good to look at. Will be a counter cyclical business model. Would pass on Onex for now.
mngmnt / diversified
COMMENT
Onex Corp
He's liked this for a while. Always trade at a discount to NAV, especially steep now. You need to break down their businesses, like Westjet, to valuate the company. No idea how well Westjet has done for them. Is well-managed. You will need to research their holdings. Doesn't own it now. Likes the company.
mngmnt / diversified
WEAK BUY
Onex Corp
Exposed to many of the same secular forces as BAM, but with smaller scale. Succession worries are overblown. Likely to outperform the TSX. Past stumbles have been fixed. Back on track, but prefers BAM.
mngmnt / diversified
TOP PICK
Onex Corp
Private equity companies have really taken off. Trading at a discount to asset values. Can own private equity but at a discount. You get the benefit of the management company and holdings. A premier private equity company. (Analysts’ price target is $108.20)
mngmnt / diversified
DON'T BUY
Onex Corp

Consolidating over the last year. Rally off the bottom has not been terribly convincing. If cost of capital is rising, makes it tougher on these businesses. You'll do fine, but he'd rather own companies that are more leveraged to public, not private, markets. Try TROW, BAM, or CIX.

mngmnt / diversified
BUY
Onex Corp

Brilliantly run for the last 30 years. They've made many successful investments, but the Westjet buy was untimely and slowed down Onex. But post-pandemic, airline travel will really pick up. So, it's now cheap in PE, though the dividend is only 0.5%. Onex hands so much stuff, so you don't know what business will work or bite them. Overall, this is fine.

mngmnt / diversified
COMMENT
Onex Corp
EIF-T Onex IS a holding company that owns industrials and several small airlines that served remote regions (i.e. northern Quebec). All airlines are struggling now, but these remote areas still depend on airlines flying there. Onex also owns light industrials, like one they bought in the US recently. Well-managed and a roll-up story. Are astute acquirers. Also pays a juicy dividend.
mngmnt / diversified
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Onex Corp(ONEX-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 3

Stockchase rating for Onex Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Onex Corp(ONEX-T) Frequently Asked Questions

What is Onex Corp stock symbol?

Onex Corp is a Canadian stock, trading under the symbol ONEX-T on the Toronto Stock Exchange (ONEX-CT). It is usually referred to as TSX:ONEX or ONEX-T

Is Onex Corp a buy or a sell?

In the last year, 3 stock analysts published opinions about ONEX-T. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Onex Corp.

Is Onex Corp a good investment or a top pick?

Onex Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Onex Corp.

Why is Onex Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Onex Corp worth watching?

3 stock analysts on Stockchase covered Onex Corp In the last year. It is a trending stock that is worth watching.

What is Onex Corp stock price?

On 2024-07-23, Onex Corp (ONEX-T) stock closed at a price of $95.71.