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Onex

DB:ONE
Snowflake Description

Outstanding track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ONE
DB
CA$8B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The last earnings update was 65 days ago. More info.


Add to Portfolio Compare Print
  • Onex is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
ONE Share Price and Events
7 Day Returns
0%
DB:ONE
5%
DE Diversified Financial
2.5%
DE Market
1 Year Returns
-4.9%
DB:ONE
1.4%
DE Diversified Financial
2.6%
DE Market
ONE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Onex (ONE) 0% -4.7% -3.6% -4.9% -5.7% 29%
DE Diversified Financial 5% 7% -5% 1.4% 75.8% 333.8%
DE Market 2.5% 0.2% 1% 2.6% 7.8% 23.7%
1 Year Return vs Industry and Market
  • ONE underperformed the Diversified Financial industry which returned 1.4% over the past year.
  • ONE underperformed the Market in Germany which returned 2.6% over the past year.
Price Volatility
ONE
Industry
5yr Volatility vs Market

Value

 Is Onex undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Onex. This is due to cash flow or dividend data being unavailable. The share price is €53.5.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Onex's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Onex's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ONE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $36.94
TSX:ONEX Share Price ** TSX (2019-10-11) in CAD CA$78.83
TSX:ONEX Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.759 $59.85
Germany Diversified Financial Industry PE Ratio Median Figure of 6 Publicly-Listed Diversified Financial Companies 27.82x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Onex.

DB:ONE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:ONEX Share Price ÷ EPS (both in USD)

= 59.85 ÷ 36.94

1.62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Onex is good value based on earnings compared to the DE Diversified Financial industry average.
  • Onex is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Onex's expected growth come at a high price?
Raw Data
DB:ONE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 1.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Diversified Financial Industry PEG Ratio Median Figure of 13 Publicly-Listed Diversified Financial Companies 1.81x
Germany Market PEG Ratio Median Figure of 264 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Onex, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Onex's assets?
Raw Data
DB:ONE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $67.04
TSX:ONEX Share Price * TSX (2019-10-11) in CAD CA$78.83
TSX:ONEX Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.759 $59.85
Germany Diversified Financial Industry PB Ratio Median Figure of 9 Publicly-Listed Diversified Financial Companies 3.77x
Germany Market PB Ratio Median Figure of 597 Publicly-Listed Companies 1.74x
DB:ONE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:ONEX Share Price ÷ Book Value per Share (both in USD)

= 59.85 ÷ 67.04

0.89x

* Primary Listing of Onex.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Onex is good value based on assets compared to the DE Diversified Financial industry average.
X
Value checks
We assess Onex's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Diversified Financial industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Diversified Financial industry average (and greater than 0)? (1 check)
  5. Onex has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Onex expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Onex has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17.3%
Expected Diversified Financial industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Onex expected to grow at an attractive rate?
  • Unable to compare Onex's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Onex's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Onex's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:ONE Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 17.3%
Europe Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 0.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:ONE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ONE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-10-12
DB:ONE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 12,803 757 3,712
2019-03-31 18,447 1,111 3,192
2018-12-31 23,785 1,348 -711
2018-09-30 22,678 1,754 -709
2018-06-30 22,467 1,924 107
2018-03-31 22,667 1,736 -148
2017-12-31 22,767 1,875 -768
2017-09-30 23,597 2,020 -1,276
2017-06-30 21,579 1,953 -1,637
2017-03-31 19,570 2,076 -1,303
2016-12-31 17,805 1,912 -660
2016-09-30 17,900 1,773 -629

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Onex is high growth as no earnings estimate data is available.
  • Unable to determine if Onex is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:ONE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Onex Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ONE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-10-12
DB:ONE Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 36.94
2019-03-31 31.68
2018-12-31 -7.04
2018-09-30 -7.00
2018-06-30 1.05
2018-03-31 -1.46
2017-12-31 -7.53
2017-09-30 -12.45
2017-06-30 -15.89
2017-03-31 -12.56
2016-12-31 -6.35
2016-09-30 -6.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Onex will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Onex is trading at Onex'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Onex's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Onex's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Onex's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Onex has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Onex performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Onex's growth in the last year to its industry (Diversified Financial).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Onex has delivered over 20% year on year earnings growth in the past 5 years.
  • Onex's 1-year earnings growth exceeds its 5-year average (3369.2% vs 40.5%)
  • Onex's earnings growth has exceeded the Europe Diversified Financial industry average in the past year (3369.2% vs 3.5%).
Earnings and Revenue History
Onex's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Onex Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ONE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 12,803.00 3,712.00 2,055.00
2019-03-31 18,447.00 3,192.00 3,045.00
2018-12-31 23,785.00 -711.00 4,019.00
2018-09-30 22,678.00 -709.00 3,960.00
2018-06-30 22,467.00 107.00 3,923.00
2018-03-31 22,667.00 -148.00 4,038.00
2017-12-31 22,767.00 -768.00 4,078.00
2017-09-30 23,597.00 -1,276.00 4,317.00
2017-06-30 21,579.00 -1,637.00 4,008.00
2017-03-31 19,570.00 -1,303.00 3,573.00
2016-12-31 17,805.00 -660.00 3,227.00
2016-09-30 17,900.00 -629.00 3,344.00
2016-06-30 18,742.00 -807.00 3,699.00
2016-03-31 19,478.00 -917.00 3,995.00
2015-12-31 19,681.00 -946.00 4,227.00
2015-09-30 17,597.00 -995.00 3,892.00
2015-06-30 17,057.00 -838.00 3,598.00
2015-03-31 16,771.00 -964.00 3,458.00
2014-12-31 16,880.00 -859.00 3,380.00
2014-09-30 18,518.00 -476.00 3,587.00
2014-06-30 19,003.00 -24.00 3,770.00
2014-03-31 19,179.00 -263.00 3,753.00
2013-12-31 19,824.00 -536.00 3,873.00
2013-09-30 21,203.00 -703.00 3,815.00
2013-06-30 22,213.00 -997.00 3,612.00
2013-03-31 22,983.00 -546.00 3,595.00
2012-12-31 24,917.00 -143.00 3,515.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Onex made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Onex used its assets more efficiently than the DE Diversified Financial industry average last year based on Return on Assets.
  • Onex has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Onex's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Diversified Financial industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Onex has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Onex's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Onex's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Onex is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Onex's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Onex's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are -32.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Onex Company Filings, last reported 3 months ago.

DB:ONE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 6,706.00 0.00 451.00
2019-03-31 6,424.00 0.00 9,933.00
2018-12-31 5,637.00 22,344.00 2,757.00
2018-09-30 3,987.00 23,516.00 2,652.00
2018-06-30 4,470.00 23,200.00 2,874.00
2018-03-31 5,049.00 22,592.00 3,212.00
2017-12-31 5,038.00 22,049.00 3,634.00
2017-09-30 4,689.00 20,729.00 2,598.00
2017-06-30 4,129.00 20,474.00 2,950.00
2017-03-31 1,187.00 21,496.00 2,430.00
2016-12-31 1,351.00 22,863.00 2,525.00
2016-09-30 1,661.00 19,670.00 2,305.00
2016-06-30 1,308.00 18,645.00 2,337.00
2016-03-31 959.00 18,196.00 2,003.00
2015-12-31 1,190.00 18,054.00 2,519.00
2015-09-30 1,507.00 18,325.00 2,527.00
2015-06-30 1,361.00 16,396.00 2,781.00
2015-03-31 2,065.00 16,645.00 3,332.00
2014-12-31 2,498.00 13,282.00 3,764.00
2014-09-30 2,991.00 11,761.00 3,938.00
2014-06-30 2,886.00 12,374.00 3,298.00
2014-03-31 4,534.00 12,440.00 3,019.00
2013-12-31 4,345.00 11,970.00 3,945.00
2013-09-30 4,678.00 11,969.00 3,520.00
2013-06-30 4,213.00 12,249.00 3,468.00
2013-03-31 5,173.00 10,994.00 3,581.00
2012-12-31 5,449.00 10,470.00 3,386.00
  • Onex's level of debt (-0.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (426.5% vs -0.2% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Onex has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Onex's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Onex has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Onex's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.5%
Current annual income from Onex dividends.
If you bought €2,000 of Onex shares you are expected to receive €10 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Onex's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Onex's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:ONE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:ONE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2019-10-12
DB:ONE Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-09-19 0.300 0.495
2019-05-09 0.296 0.510
2019-02-28 0.259 0.457
2018-11-08 0.256 0.451
2018-09-27 0.266 0.408
2018-05-10 0.263 0.370
2018-02-22 0.229 0.320
2017-11-09 0.233 0.327
2017-09-27 0.233 0.308
2017-05-11 0.219 0.303
2017-02-23 0.200 0.285
2016-11-10 0.202 0.301
2016-09-22 0.204 0.325
2016-05-12 0.208 0.346
2016-02-25 0.184 0.321
2015-11-12 0.171 0.304
2015-09-18 0.186 0.318
2015-05-14 0.188 0.342
2015-02-19 0.156 0.276
2014-11-13 0.158 0.297
2014-09-19 0.175 0.324
2014-05-16 0.181 0.310
2014-02-20 0.133 0.244
2013-11-14 0.134 0.262
2013-09-18 0.143 0.276
2013-05-09 0.142 0.303
2013-02-21 0.107 0.229
2012-11-08 0.108 0.261
2012-09-24 0.110 0.278
2012-05-10 0.106 0.283
2012-02-23 0.110 0.294
2011-11-10 0.105 0.321
2011-09-21 0.104 0.330
2011-05-12 0.110 0.313
2011-02-24 0.111 0.320
2010-11-11 0.107 0.357
2010-09-16 0.106 0.375
2010-05-06 0.102 0.409
2010-02-25 0.103 0.389
2009-11-12 0.102 0.453
2009-09-03 0.099 0.438
2009-05-21 0.094 0.517
2009-02-26 0.085 0.629
2008-11-13 0.085 0.658

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Onex is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • Onex is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Onex's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Onex's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Onex's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Onex afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Onex has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Onex's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Gerry Schwartz
COMPENSATION $1,300,000
AGE 77
CEO Bio

Mr. Gerald Wilfred Schwartz, also known as Gerry, O.C., serves as the Chief Executive Officer and President at Onex Corporation, which he founded in 1984. He has been actively involved in the firm's major acquisitions, growth strategies and value realizations. He is Founder of Trilogy Retail Enterprises L.P. Mr. Schwartz was a Co-Founder and President in 1977 of CanWest Capital Corp. He served at Canada Inc. and KKR & Co. Inc. (formerly, KKR & Co. L.P.). Prior to that he worked at a major Wall Street investment banking firm where he specialized in mergers and acquisitions. He serves as the Chairman of Onex Corporation. He serves as the Vice Chairman of Mount Sinai Hospital. He has been Non-Independent Director at Onex Corporation since March 1987. He has been a Director of Indigo Books & Music Inc. since 2001. He serves as a Director of LSG Sky Chefs Inc. He served on the Board of Alliance Communications Corp. Mr. Schwartz serves as Director of OFSI at SC International Services, Inc., since May 1986 and SC International Services, Inc. since 1995. He serves as Director of Galaxy Entertainment Inc., and Phoenix Entertainment Corp. Mr. Schwartz serves as a Director, Governor or Trustee of a number of other organizations, including Junior Achievement of Toronto, Junior Achievement of Central Ontario, Canadian Council of Christians and Jews, The Simon Wiesenthal Center and The Board of Associates of the Harvard University Graduate School of Business Administration. He serves as the Chairman, Board of Governors, Canadian Council for Israel and Jewish Advocacy. He serves as a Director of Harvard Business School. He served as a Director at Celestica Inc. since July 1998 until December 31, 2016. He served as a Director of Constellation Brands Canada, Inc. until August 2004. He served as a Director of The Bank of Nova Scotia from May 26, 1999 to November 19, 2007. He served as an Honorary Director of The Bank of Nova Scotia since March 2008. He served as Honorary Director at Scotiabank Capital Trust. Mr. Schwartz served as a Director at Prosource Inc. since its formation in 1992. He served as a Director of Loews Cineplex Entertainment Corp. His previous experience also includes the practice of corporate law in Canada. He has been appointed as an Officer of the Order of Canada in 2006 and inducted into the Canadian Business Hall of Fame in 2004. Mr. Schwartz received an MBA from Harvard University Graduate School of Business Administration, a Bachelor of Commerce, L.L.B. from the University of Manitoba, an Honorary Doctor of Laws (Hon.) from St. Francis Xavier University and an Honorary Doctor of Philosophy (Hon.) from Tel Aviv University.

CEO Compensation
  • Gerry's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Gerry's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Onex management team in years:

6.8
Average Tenure
59
Average Age
  • The average tenure for the Onex management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Gerry Schwartz

TITLE
Founder
COMPENSATION
$1M
AGE
77

Chris Govan

TITLE
Chief Financial Officer
COMPENSATION
$309K
AGE
48
TENURE
4.6 yrs

Seth Mersky

TITLE
Senior Managing Director
COMPENSATION
$400K
AGE
59
TENURE
6.8 yrs

Anthony Munk

TITLE
Senior Managing Director
COMPENSATION
$400K
AGE
59
TENURE
6.8 yrs

Bobby Le Blanc

TITLE
Senior Managing Director
COMPENSATION
$400K
AGE
52
TENURE
6.8 yrs

Brett Holdway

TITLE
Director of Information Technology

Janet Lumb

TITLE
Vice President of Corporate Administration

Emma Thompson

TITLE
MD and Head of Investor Relations & Fund Development

Andrea Daly

TITLE
MD, General Counsel & Secretary

Yonah Feder

TITLE
Chief Compliance Officer
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the Onex board of directors in years:

15.4
Average Tenure
71
Average Age
  • The average tenure for the Onex board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Ewout Heersink

TITLE
Senior MD & Non-Independent Director
COMPENSATION
$2M
AGE
68
TENURE
9.4 yrs

Arni Thorsteinson

TITLE
Independent Lead Director
COMPENSATION
$327K
AGE
70

Gerry Schwartz

TITLE
Founder
COMPENSATION
$1M
AGE
77

Daniel Casey

TITLE
Independent Director
COMPENSATION
$257K
AGE
72
TENURE
32.6 yrs

Serge Gouin

TITLE
Independent Director
COMPENSATION
$265K
AGE
75
TENURE
28.2 yrs

Rob Prichard

TITLE
Independent Director
COMPENSATION
$261K
AGE
70
TENURE
25.4 yrs

Heather Reisman

TITLE
Non-Independent Director
COMPENSATION
$240K
AGE
69
TENURE
16.4 yrs

John McCoy

TITLE
Independent Director
COMPENSATION
$268K
AGE
75
TENURE
14.4 yrs

Bill Etherington

TITLE
Independent Lead Director
COMPENSATION
$257K
AGE
78
TENURE
12.1 yrs

Arianna Huffington

TITLE
Independent Director
COMPENSATION
$240K
AGE
68
TENURE
5.4 yrs
Who owns this company?
Recent Insider Trading
  • Onex individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
16. Sep 19 Sell Ewout Heersink Individual 13. Sep 19 13. Sep 19 -12,020 €56.66 €-681,044
11. Jul 19 Sell Seth Mersky Individual 10. Jul 19 10. Jul 19 -6,840 €55.38 €-378,823
09. Jul 19 Buy Jeffrey Moody Individual 09. Jul 19 09. Jul 19 1,355 €56.16 €76,095
03. Jun 19 Buy Jeffrey Moody Individual 01. Jun 19 01. Jun 19 151,087 €49.12 €7,421,596
07. Feb 19 Sell Ewout Heersink Individual 05. Feb 19 05. Feb 19 -97 €49.72 €-4,822
21. Dec 18 Buy Tate A. Abols Individual 17. Dec 18 17. Dec 18 238 €49.10 €11,685
21. Dec 18 Buy Manish Srivastava Individual 17. Dec 18 17. Dec 18 358 €49.10 €17,577
21. Dec 18 Buy Matthew Ross Individual 17. Dec 18 17. Dec 18 437 €49.10 €21,456
21. Dec 18 Buy Konstantin Gilis Individual 17. Dec 18 17. Dec 18 993 €49.10 €48,754
21. Dec 18 Buy Robert Le Blanc Individual 17. Dec 18 17. Dec 18 2,814 €49.10 €138,161
21. Dec 18 Buy Nigel Wright Individual 17. Dec 18 17. Dec 18 1,324 €49.10 €65,005
17. Dec 18 Sell Anthony Munk Individual 12. Dec 18 12. Dec 18 -1,185 €51.27 €-60,756
17. Dec 18 Buy Anthony Munk Individual 12. Dec 18 12. Dec 18 1,185 €51.27 €60,756
07. Dec 18 Buy Ewout Heersink Individual 06. Dec 18 06. Dec 18 33,292 €53.48 €1,780,582
14. Nov 18 Buy Tate A. Abols Individual 12. Nov 18 12. Nov 18 121 €58.03 €7,021
14. Nov 18 Buy Manish Srivastava Individual 12. Nov 18 12. Nov 18 162 €58.03 €9,400
14. Nov 18 Buy Matthew Ross Individual 12. Nov 18 12. Nov 18 162 €58.03 €9,400
14. Nov 18 Buy Anthony Morgan Individual 12. Nov 18 12. Nov 18 597 €58.03 €34,641
14. Nov 18 Buy Konstantin Gilis Individual 12. Nov 18 12. Nov 18 658 €58.03 €38,180
14. Nov 18 Buy Robert Le Blanc Individual 12. Nov 18 12. Nov 18 2,688 €58.03 €155,971
14. Nov 18 Buy Nigel Wright Individual 12. Nov 18 12. Nov 18 87 €58.03 €5,048
X
Management checks
We assess Onex's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Onex has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, large- middle market, large-cap, mid-cap, and small-cap market and distressed companies. It also invests in recapitalization, growth capital, corporate carve-outs of subsidiaries and mission-critical supply divisions from multinational corporations, operational restructurings of undervalued businesses, and builds up. The firm seeks to invest in technology, electronics manufacturing services, industrial, aerospace, healthcare, retail, restaurants, industrials products, customer care services, metal services, building products, entertainment, gaming, cabinetry products, commercial vehicles, commercial and investment banking, financial services, commercial and multi-unit residential real estate. It invests in global businesses headquartered in North America, including United States and Canada, or Europe. The firm seeks to invest between $125 million and $1 billion in companies that have minimum revenues of $300 million. It does not consider size if the company is in an industry in which the firm already has presence. The firm seeks to make direct as well as co-investments through managed private equity, real estate and credit funds. It seeks to acquire a control position in its portfolio companies. Onex Corporation was founded in 1984 and is based in Toronto, Canada with additional offices in New York, New York; Englewood Cliffs, New Jersey; and London, United Kingdom.

Details
Name: Onex Corporation
ONE
Exchange: DB
Founded: 1984
CA$5,417,925,922
100,034,838
Website: http://www.onex.com
Address: Onex Corporation
161 Bay Street,
PO Box 700,
Toronto,
Ontario, M5J 2S1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX ONEX Subordinate Voting Shares The Toronto Stock Exchange CA CAD 30. Apr 1987
OTCPK ONEX.F Subordinate Voting Shares Pink Sheets LLC US USD 30. Apr 1987
DB ONE Subordinate Voting Shares Deutsche Boerse AG DE EUR 30. Apr 1987
Number of employees
Current staff
Staff numbers
0
Onex employees.
Industry
Multi-Sector Holdings
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/12 22:08
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/10/11
Last earnings filing: 2019/08/08
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.