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OneMain Holdings, Inc.

OMF Financial Credit Services

OneMain Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.2 billion, up 8.56% from fiscal 2024.

Revenue
+9.52%
EPS
−4.19%
Free cash flow
−2.42%
Total debt
+7.77%

Quarter to September 2026, against a year earlier

56.62 0.21 −0.37%
Market cap
$6.5B
P/E
8.7×
Fwd P/E
8.7×
Dividend yield
7.37%
F-score
n/a
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

OneMain Holdings, Inc. (OMF) valuation and DCF model

What the price implies · reverse DCF

At $56.62 the price implies 0.3% a year of dividend growth, at a 9.0% cost of equity.

The dividend a share grew −6.9% a year over the last five years. The price asks for 7.2 points a year more than its five-year rate. Return on equity averaged 19.5% over ten years; the price implies 15.0% for good.

In December 2019 the price assumed 2.1% a year; OneMain Holdings, Inc. went on to grow the dividend a share 4.7% a year to FY2025.

Price implies
0.3%
Last 5 years, reported
−6.9%

The headline discounts the last twelve months’ the dividend a share at 9.0% for ten years and grows it 2.5% a year after that, the same for every company, so the figure compares across the market (how a reverse DCF works).

The other way round · DCF
The price needs
0.3% a year for ten years
$56.62
today’s price
Its base case
−6.9% a year for five years, then −4.1%
$36.11
36.2% below today’s price

Both are growth in the dividend a share, discounted at 9.0%, with 2.5% a year after year ten.

Base case on its own ten-year record OneMain Holdings, Inc.’s own growth, carried forward

Its assumptions

Powerpack lets you start from a scenario and type over any of them.

The base case’s inputs, which Powerpack lets you change
1 · Dividends
the four quarters to September 2026, from the 10-Q and 10-K filings

Yearly growth in the dividend. It usually slows as the company matures.

Today’s price implies the dividend a share growing 0.3% a year for ten years.

2 · Rates

Cost of equity is the yearly return shareholders require, typically 8–11%. Terminal growth is growth forever after year 10, usually near long-run inflation, 2–3%.

3 · Per share

The model is a share’s own: no debt to take off and no shares to divide among.

Advanced inputs

Against OneMain Holdings, Inc.’s own cost of capital: risk-free 4.3% + beta 1.26 × equity premium 4.5% = 10.0% cost of equity; weighted, 10.0%.

Use 10.0%
Base case value per share $36.11 ten years discounted, and what follows
Current price $56.62 market price per share
Below today’s price 36.2% downside at the base case’s assumptions

How we got there$20.15 10 years of dividends+$15.96 terminal value=$36.11 per share

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Credit Services).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 8.67× 9.05× 9.25× 6% below 8.96× 3% below
P/FCF 2.03× 2.19× 2.30× 12% below 2.55× 20% below
P/B 1.93× 1.89× 1.68× 15% above 1.23× 57% above
EV/Sales — 4.69× 4.57× — 3.90× —
P/E P/FCF P/B EV/Sales
1.67×2.07×2.48×2.88×10Y avg 2.30×2017201820192020202120222023202420252026

OMF trades at 2.03× P/FCF, against a 10-year average of 2.30× (range 1.60×–2.93×). That is cheaper than 78% of the last 9 year-end readings; re-rating to the average implies $64.36 per share.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.