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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Onex Corporation    ONEX   CA68272K1030

ONEX CORPORATION

(ONEX)
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Onex : earns US$501 million in third quarter as it shakes up portfolio

11/13/2020 | 01:26pm EST

TORONTOOnex Corp. says its private equity investments increased in value this year, despite the economic volatility caused by the COVID-19 pandemic.

The company, which manages a fund that bought WestJet Airlines Ltd. in a $5-billion deal last December, didn't announce details about the Calgary-based airline.

Overall, the Toronto-based investment firm says it earned US$501 million, or US$5.29 per fully diluted share, in the three months ended Sept. 30.

In the same period last year, the company reported earnings of US$100 million, or 99 cents US per diluted share.

The company, which makes money in several ways including buying and selling companies, lending and fees for managing assets for clients, declared a dividend of 10 cents per share for the fourth quarter — unchanged since mid-2019.

Despite recent hardships for airlines, including WestJet, Onex says its private equity investments yielded gross returns of 14 per cent during the third quarter, while shareholder capital rose by about 10 per cent.

Chief executive Gerry Schwartz says Onex has been improving its portfolio, making investments in benefit insurer OneDigital, trade-show company Emerald Holdings and a clinical services group.

This report by The Canadian Press was first published Nov. 13, 2020.

Companies in this story: (TSX:ONEX)

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials
Sales 2019 1 081 M - -
Net income 2019 4 277 M - -
Net cash 2019 916 M - -
P/E ratio 2019 1,92x
Yield 2019 0,36%
Capitalization 5 100 M 5 091 M -
EV / Sales 2018 1,07x
EV / Sales 2019 5,00x
Nbr of Employees 207 000
Free-Float 83,8%
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Technical analysis trends ONEX CORPORATION
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TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 5
Average target price 87,10 CAD
Last Close Price 71,94 CAD
Spread / Highest target 28,6%
Spread / Average Target 21,1%
Spread / Lowest Target 12,6%
Managers and Directors
NameTitle
Gerald W. Schwartz Chairman & Chief Executive Officer
Robert M. Le Blanc President
Mira Newport Managing Director-Business Solutions & Operations
Christopher Allan Govan Chief Financial Officer & Senior Managing Director
Natasha Giannopoulos Managing Director-Information Technology
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