TakeoverPE & activists

OMFOneMain Holdings, Inc.

Personal Credit Institutions · $6.5B market cap · 9,300 employees

0.4×

Less likely than average to be taken private

Top 37% of the Russell 3000 for a buyout by a private-equity firm, holdco or insiders. How it works

Takeover signals

What an activist or buyer would see: cheap, overpaid, diluted or under pressure.

1of 15 firedHow well they predict deals →
14 other checks
  • TSR below peersNo
    2 of 5 years
    3+ of last 5 years
  • High CEO pay despite TSRNo
    $15M median
    Median CEO pay ≥ $15M while TSR trails
  • Earnings not backed by cashNo
    400% of net income
    Cash flow under 80% of net income
  • Dilutive SBCNo
    —
    Over 10% of revenue
  • Payouts exceed cash flowNo
    20% of cash flow
    Buybacks + dividends over cash flow
  • Goodwill-heavyNo
    5% of assets
    Over 40% of assets
  • Shareholder dissentNo
    97% lowest support
    Any vote under 80% support
  • Low revenue per employeeNo
    —
    Bottom quartile of its SIC industry
  • Net cashNo
    —
    More cash than debt, positive EBITDA
  • Buyout-sizedNo
    $6.5B market cap
    Market cap $500M–$5B
  • Recurring revenueNo
    5 of 10
    10-K business scored 7+ of 10 for recurring revenue
  • AI-rollup shapedNo
    1 of 10
    10-K business scored 5+ of 10 as an AI-rollup target
  • Active 13DNo
    0 filings
    Active-intent 13D in 18 months
  • Net insider sellingNo
    −$6M net
    Net sales over $10M in 12 months

Deal filings

FiledFormAcquirerPricePremium
Jun 19, 2017SC TO-T/AIEG Holdings Corp——
Jun 14, 2017SC TO-T/AIEG Holdings Corp——
May 23, 2017SC TO-T/AIEG Holdings Corp——
May 11, 2017SC TO-T/AIEG Holdings Corp——
May 8, 2017SC TO-T/AIEG Holdings Corp——
Apr 18, 2017SC TO-T/AIEG Holdings Corp——
Mar 27, 2017SC TO-T/AIEG Holdings Corp——
Feb 14, 2017SC TO-T/AIEG Holdings Corp——
Jan 13, 2017SC TO-T/AIEG Holdings Corp——
Jan 11, 2017SC TO-T/AIEG Holdings Corp——
Jan 10, 2017SC TO-T/AIEG Holdings Corp——
Jan 10, 2017SC TO-T/AIEG Holdings Corp——
Jan 5, 2017SC TO-TIEG Holdings Corp——

Key numbers

Revenue
—
Operating margin
—
EBITDA
—
Net debt / EBITDA
—
$21.6B net debt

Financials

MetricFY2021FY2022FY2023FY2024FY2025YoYTrend
Net income$1.3B$872M$641M$509M$783M 54% FY2021: $1.3BFY2022: $872MFY2023: $641MFY2024: $509MFY2025: $783M
Operating cash flow$2.2B$2.4B$2.5B$2.7B$3.1B 16% FY2021: $2.2BFY2022: $2.4BFY2023: $2.5BFY2024: $2.7BFY2025: $3.1B
Stock-based comp$23M$31M$36M$30M$36M 20% FY2021: $23MFY2022: $31MFY2023: $36MFY2024: $30MFY2025: $36M
Buybacks$368M$303M$65M$35M$141M 303% FY2021: $368MFY2022: $303MFY2023: $65MFY2024: $35MFY2025: $141M
Dividends$1.3B$480M$487M$498M$499M 0.2% FY2021: $1.3BFY2022: $480MFY2023: $487MFY2024: $498MFY2025: $499M

13D filers

FiledFilerFormStakeIntent
May 6, 2024Uniform InvestCo LPSC 13D/A1.0%Passive
Dec 5, 2023Uniform InvestCo LPSC 13D/A5.6%Passive
Feb 15, 2023Uniform InvestCo LPSC 13D/A0.2%Passive
Nov 1, 2021Apollo Management Holdings GP, LLCSC 13D/A2.0%Passive
Oct 18, 2021VARDE PARTNERS INCSC 13D/A9.6%Passive
Oct 18, 2021Apollo Management Holdings GP, LLCSC 13D/A7.6%Passive
Sep 1, 2021Apollo Management Holdings GP, LLCSC 13D/A7.6%Passive
Aug 5, 2021Apollo Management Holdings GP, LLCSC 13D/A13.7%Passive
May 7, 2021VARDE PARTNERS INCSC 13D/A27.2%Passive
May 6, 2021Apollo Management Holdings GP, LLCSC 13D/A27.2%Passive

Insider trading

−$6Mnet selling by insiders, open market, last 12 months
Bought $0 · 0 tradesSold $6M · 11 trades

Pay vs performance

YearCEO total compComp actually paidTSR (indexed)Peer TSR
FY2025$15M$28M236195
FY2024$11M$11M169160
FY2023$15M$19M147128
FY2022$11M$4M90109
FY2021$22M$40M124125