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OSB Group PLC
(LSE:OSB)
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Rating:76Outperform
Price Target:
643.00 p
â–²(24.98% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by strong valuation (low P/E and high dividend yield) and constructive technical trend (price above major moving averages with positive MACD). Financial performance is solid but tempered by inconsistent revenue/margin signals and a volatile cash flow profile, which limits the overall score.
Positive Factors
NII-driven lending model
OSB’s core business earns net interest income by lending via specialist mortgages funded primarily through retail savings. This spread-driven model creates recurring, structurally stable revenue generation aligned to lending volumes and deposit franchises, supporting predictable income over the medium term absent a structural funding shift.
Negative Factors
Revenue & margin volatility
Revenue and margin inconsistency—including a 2023 dip, sharp 2025 rebound and anomalous margin readings (negative EBIT in 2024)—reduces confidence in sustainable core profitability. Persistent volatility complicates forecasting, pricing discipline and capital allocation over a 2–6 month horizon.
Read all positive and negative factors
Positive Factors
Negative Factors
NII-driven lending model
OSB’s core business earns net interest income by lending via specialist mortgages funded primarily through retail savings. This spread-driven model creates recurring, structurally stable revenue generation aligned to lending volumes and deposit franchises, supporting predictable income over the medium term absent a structural funding shift.
Read all positive factors
OSB Group PLC (OSB) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.74B
Dividend Yield6.96%
Average Volume (3M)1.31M
Price to Earnings (P/E)6.7
Beta (1Y)1.38
Revenue Growth-5.67%
EPS Growth8.94%
CountryUK
Employees2,431
SectorFinancial
Sector Strength70
IndustryBanks
Share Statistics
EPS (TTM)0.77
Shares Outstanding339,369,480
10 Day Avg. Volume1,045,853
30 Day Avg. Volume1,313,998
Financial Highlights & Ratios
PEG Ratio-3.27
Price to Book (P/B)1.09
Price to Sales (P/S)1.22
P/FCF Ratio14.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£695.00Price Target Upside35.08% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.74
Revenue Forecast (FY)£675.93M
OSB Group PLC Business Overview & Revenue Model
Company Description
OSB Group Plc, through its subsidiaries, operates as a specialist mortgage lending company in the United Kingdom and India. The company operates in two segments, OneSavings Bank (OSB) and Charter Court Financial Services (CCFS). It offers buy-to-l...
How the Company Makes Money
OSB Group makes money primarily through net interest income: it lends money to customers (mainly via specialist mortgage products) at interest rates that are typically higher than the interest it pays to fund those loans (largely through retail sa...
OSB Group PLC Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
77
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.85B | 1.90B | 2.09B | 1.76B | 1.12B | 774.80M |
| Gross Profit | 652.60M | 668.00M | 664.90M | 651.70M | 765.20M | 615.60M |
| EBITDA | 387.90M | 389.20M | 424.40M | 382.60M | 538.50M | 471.20M |
| Net Income | 284.90M | 285.70M | 308.10M | 282.60M | 410.00M | 345.30M |
Balance Sheet | ||||||
| Total Assets | 30.35B | 31.12B | 30.24B | 29.59B | 27.57B | 24.53B |
| Cash, Cash Equivalents and Short-Term Investments | 1.11B | 400.00K | 3.23B | 2.34B | 3.04B | 2.74B |
| Total Debt | 2.48B | 4.00B | 3.96B | 4.99B | 5.38B | 4.82B |
| Total Liabilities | 28.12B | 28.99B | 28.02B | 27.45B | 25.37B | 22.51B |
| Stockholders Equity | 2.23B | 2.13B | 2.22B | 2.14B | 2.20B | 2.02B |
Cash Flow | ||||||
| Free Cash Flow | 461.00M | 161.40M | 2.19B | -66.20M | 917.50M | 347.00M |
| Operating Cash Flow | 490.50M | 194.30M | 2.24B | -40.40M | 929.20M | 353.80M |
| Investing Cash Flow | -1.47B | -1.29B | -29.30M | -2.41B | -2.71B | -1.67B |
| Financing Cash Flow | -559.80M | 652.80M | -1.49B | 1.92B | 2.09B | 1.68B |
OSB Group PLC Technical Analysis
Positive
514.50
Price Trends
525.41
Negative
515.35
Positive
533.01
Negative
Market Momentum
-2.65
Negative
49.24
Neutral
43.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:OSB, the sentiment is Positive. The current price of 514.5 is above the 20-day moving average (MA) of 508.84, below the 50-day MA of 525.41, and below the 200-day MA of 533.01, indicating a neutral trend. The MACD of -2.65 indicates Negative momentum. The RSI at 49.24 is Neutral, neither overbought nor oversold. The STOCH value of 43.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:OSB.
OSB Group PLC Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | £1.74B | 6.70 | 13.06% | 6.96% | -5.67% | 8.94% | |
75 Outperform | £1.54B | 6.65 | 21.73% | 17.59% | -1.60% | 36.00% | |
72 Outperform | £1.44B | 12.37 | 14.60% | 7.74% | -21.74% | 58.92% | |
71 Outperform | £1.47B | 8.90 | 11.98% | 5.54% | -6.82% | -7.03% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
GB:OSB
OSB Group PLC
516.00
10.64
2.10%
GB:ASHM
Ashmore Group PLC
218.40
70.67
47.84%
GB:LRE
Lancashire Holdings
630.00
137.71
27.97%
GB:PAG
Paragon Banking Group PLC
819.00
-16.57
-1.98%
GB:TBCG
TBC Bank
5,100.00
1,019.79
24.99%
OSB Group PLC Corporate Events
Business Operations and StrategyExecutive/Board ChangesStock BuybackDividendsFinancial Disclosures
OSB Group posts resilient H1 as funding costs squeeze margins and CEO transition looms
Neutral
Aug 6, 2026
OSB Group reported a resilient first-half 2026 performance despite a volatile macro backdrop, with net loans up 1.3% to £26.3bn and originations rising 10% to £2.3bn, driven by buy-to-let and residential franchises. Net interest income e...
Stock BuybackRegulatory Filings and Compliance
OSB Group trims share count with latest buyback tranche
Positive
Aug 3, 2026
OSB Group PLC has continued its ongoing share buyback programme, repurchasing 45,798 ordinary shares between 27 July and 31 July 2026 across the London Stock Exchange, CBOE BXE, CBOE CXE and Aquis Exchange via broker Jefferies International. The s...
Business Operations and StrategyStock Buyback
OSB Group Cancels Newly Repurchased Shares as Buyback Programme Advances
Positive
Jul 27, 2026
OSB Group PLC has continued to execute its share buyback programme, purchasing 14,243 ordinary shares between 20 and 24 July 2026 across the London Stock Exchange, CBOE BXE, CBOE CXE and Aquis Exchange. The shares, bought via broker Jefferies Inte...
Executive/Board Changes
OSB Director Kal Atwal Takes Additional Board Role at Quilter
Positive
Jul 21, 2026
OSB Group PLC has announced that independent non-executive director Kal Atwal will take on an additional role as an independent non-executive director at Quilter plc from 1 September 2026. Atwal will also join Quilter’s remuneration committe...
Business Operations and StrategyRegulatory Filings and Compliance
OSB Group PLC Adds Shares to LSE Main Market Under Employee Schemes
Neutral
Jul 10, 2026
OSB Group PLC has admitted 28,118 new ordinary shares of £0.01 each to trading on the Main Market of the London Stock Exchange under its existing block admission. The new shares, fully fungible with the existing stock, were issued between 12 ...
Business Operations and StrategyStock Buyback
OSB Group trims share count with latest buyback tranche
Positive
Jul 6, 2026
OSB Group PLC has continued executing its previously announced share buyback programme, repurchasing 52,685 ordinary shares between 29 June and 2 July 2026 across the London Stock Exchange, CBOE BXE, CBOE CXE and Aquis via broker Jefferies Interna...
Regulatory Filings and Compliance
OSB Group updates market on total voting rights and share capital
Neutral
Jun 30, 2026
OSB Group PLC has confirmed that as of 30 June 2026 its issued share capital with voting rights comprises 341,571,966 ordinary shares of £0.01 each, with no shares held in treasury. This figure represents the total number of voting rights in ...
Business Operations and StrategyStock Buyback
OSB Group Cuts Share Count with Latest Buyback Tranche
Positive
Jun 29, 2026
OSB Group PLC has repurchased 91,934 ordinary shares between 22 and 26 June 2026 across the London Stock Exchange, CBOE venues and Aquis Exchange as part of its ongoing share buyback programme. The shares, acquired via Jefferies International, wil...
Business Operations and StrategyStock Buyback
OSB Group cuts share count with latest buyback tranche
Positive
Jun 22, 2026
OSB Group PLC has continued its ongoing share buyback programme, repurchasing 228,299 ordinary shares between 15 and 19 June 2026 across the London Stock Exchange, CBOE BXE, CBOE CXE and Aquis Exchange via Jefferies International. The repurchased ...
Executive/Board ChangesRegulatory Filings and Compliance
OSB Group executives sell shares after 2023 deferred bonus awards vest
Neutral
Jun 18, 2026
OSB Group PLC disclosed share transactions by its top executives following the vesting of awards granted under the 2023 Deferred Share Bonus Plan. Chief executive Andrew Golding saw 11,127 ordinary shares vest and sold the same number on 17 June 2...
Business Operations and StrategyStock Buyback
OSB Group cancels 915,071 shares under ongoing buyback
Positive
Jun 15, 2026
OSB Group PLC has continued to execute its share buyback programme, repurchasing 915,071 ordinary shares between 8 and 12 June 2026 across the London Stock Exchange, Cboe BXE, Cboe CXE and Aquis Exchange. The shares, acquired via broker Jefferies ...
Business Operations and StrategyStock Buyback
OSB Group Cancels Over 1 Million Shares in Ongoing Buyback
Positive
Jun 8, 2026
OSB Group PLC has repurchased 1,017,466 ordinary shares of £0.01 each between 1 and 5 June 2026 across the London Stock Exchange, Cboe BXE, Cboe CXE and Aquis Exchange through its broker Jefferies International. The shares, bought at volume-w...
Business Operations and StrategyStock Buyback
OSB Group cancels 705,468 shares under ongoing buyback programme
Positive
Jun 1, 2026
OSB Group PLC has repurchased 705,468 of its ordinary shares between 26 and 29 May 2026 across the London Stock Exchange, CBOE BXE, CBOE CXE and Aquis Exchange under its ongoing share buyback programme. The repurchased shares will be cancelled, re...
Regulatory Filings and Compliance
OSB Group Sets Total Voting Rights at 343.8 Million Shares
Neutral
May 29, 2026
OSB Group PLC has confirmed that as of 29 May 2026 its issued share capital with voting rights consists of 343,843,598 ordinary shares of £0.01 each, with no shares held in treasury. This establishes 343,843,598 as the total number of voting ...
Business Operations and StrategyStock Buyback
OSB Group Cancels 1.48 Million Shares in Ongoing Buyback Programme
Positive
May 26, 2026
OSB Group PLC has continued to execute its previously announced share buyback programme, repurchasing 1,477,945 ordinary shares between 18 and 22 May 2026 across the London Stock Exchange, CBOE BXE, CBOE CXE and Aquis Exchange through broker Jeffe...
Business Operations and StrategyStock Buyback
OSB Group Cuts Share Count with New Buyback Tranche
Positive
May 18, 2026
OSB Group PLC has repurchased 1,519,438 of its ordinary shares between 11 and 15 May 2026 across the London Stock Exchange, CBOE BXE, CBOE CXE and Aquis Exchange under its ongoing share buyback programme. The shares, bought at volume-weighted aver...
Business Operations and StrategyDelistings and Listing Changes
OSB Group Admits Over 2 Million New Shares to London Trading
Neutral
May 14, 2026
OSB Group PLC has admitted 2,038,162 new ordinary shares of £0.01 each to trading on the Main Market of the London Stock Exchange, issued under its existing block listing. These shares were created between 17 March and 11 May 2026, primarily ...
Business Operations and StrategyStock Buyback
OSB Group cancels 950,000 shares in latest buyback tranche
Positive
May 11, 2026
OSB Group PLC has repurchased 950,009 ordinary shares between 5 and 8 May 2026 across the London Stock Exchange, CBOE BXE, CBOE CXE and Aquis Exchange as part of its ongoing share buyback programme. The shares, acquired at volume-weighted average ...
Business Operations and StrategyExecutive/Board Changes
OSB Group grants long-term performance share award to CFO
Neutral
May 8, 2026
OSB Group PLC has granted a performance share plan award to Chief Financial Officer Victoria Hyde, covering 328,405 ordinary shares, with the award size determined using the average closing share price of £5.175 over the three dealing days be...
Business Operations and StrategyExecutive/Board ChangesStock BuybackDividendsShareholder Meetings
OSB Group Wins Strong Shareholder Backing at 2026 AGM
Positive
May 7, 2026
OSB Group PLC shareholders approved all 25 resolutions at the company’s 2026 annual general meeting, with strong support for the receipt of the 2025 accounts, the final dividend of 24.1 pence per share, and the re-election or election of all...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.