OSB Group PLC (GB:OSB)
LSE:OSB
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OSB Group PLC
(LSE:OSB)
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Rating:71Outperform
Price Target:
535.00 p
▼(-5.73% Downside)
Action:Upgraded
Date:03/06/26
The score is driven primarily by very attractive valuation (low P/E and high dividend yield) and generally solid underlying profitability/balance sheet strength, partially offset by weak technical momentum and uneven cash flow consistency.
Positive Factors
Specialist mortgage niche focus
OSB’s targeted focus on complex residential and buy-to-let borrowers creates durable competitive advantage: specialist underwriting and product design support pricing power, higher spreads and customer stickiness, while reducing direct competition from mainstream banks over the medium term.
Negative Factors
Revenue and margin volatility
Wide swings in revenue and erratic margin outcomes reduce predictability of core earnings and make budgeting, provisioning and strategic planning harder. Structural volatility heightens execution risk and could strain capital if adverse trends coincide with credit stress.
Read all positive and negative factors
Positive Factors
Negative Factors
Specialist mortgage niche focus
OSB’s targeted focus on complex residential and buy-to-let borrowers creates durable competitive advantage: specialist underwriting and product design support pricing power, higher spreads and customer stickiness, while reducing direct competition from mainstream banks over the medium term.
Read all positive factors
OSB Group PLC (OSB) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.73B
Dividend Yield5.34%
Average Volume (3M)674.18K
Price to Earnings (P/E)4.0
Beta (1Y)1.36
Revenue Growth-8.38%
EPS Growth-2.55%
CountryUK
Employees2,498
SectorFinancial
Sector Strength70
IndustryFinancial - Mortgages
Share Statistics
EPS (TTM)0.75
Shares Outstanding346,025,900
10 Day Avg. Volume537,749
30 Day Avg. Volume674,183
Financial Highlights & Ratios
PEG Ratio-3.17
Price to Book (P/B)1.09
Price to Sales (P/S)1.21
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
£727.50Price Target Upside28.19% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.78
Revenue Forecast (FY)£692.94M
OSB Group PLC Business Overview & Revenue Model
Company Description
OSB Group Plc, through its subsidiaries, operates as a specialist lending and retail savings company in the United Kingdom and the Channel Islands. It provides private rented sector related buy-to-let, commercial and semi-commercial mortgages, res...
How the Company Makes Money
OSB Group makes money primarily by generating net interest income: it lends money through specialist mortgage products and earns interest on those loans, while paying interest to funders—mainly retail savings customers—on deposits; the difference ...
OSB Group PLC Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
77
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.93B | 2.09B | 609.60M | 1.08B | 758.70M |
| Gross Profit | 677.10M | 664.90M | 651.70M | 744.70M | 615.60M |
| EBITDA | 382.50M | 0.00 | 386.20M | 544.90M | 479.10M |
| Net Income | 285.70M | 308.10M | 282.60M | 410.00M | 345.30M |
Balance Sheet | |||||
| Total Assets | 31.12B | 30.24B | 29.59B | 27.57B | 24.53B |
| Cash, Cash Equivalents and Short-Term Investments | 400.00K | 3.23B | 2.34B | 3.04B | 2.74B |
| Total Debt | 4.00B | 3.96B | 4.99B | 5.38B | 4.82B |
| Total Liabilities | 28.99B | 28.02B | 27.45B | 25.37B | 22.51B |
| Stockholders Equity | 2.13B | 2.22B | 2.14B | 2.20B | 2.02B |
Cash Flow | |||||
| Free Cash Flow | 161.40M | 2.19B | -66.20M | 917.50M | 347.00M |
| Operating Cash Flow | 194.30M | 2.24B | -40.40M | 929.20M | 353.80M |
| Investing Cash Flow | -1.28B | -29.30M | -2.41B | -2.71B | -1.67B |
| Financing Cash Flow | 652.80M | -1.49B | 1.92B | 2.09B | 1.68B |
OSB Group PLC Technical Analysis
Negative
567.50
Price Trends
523.14
Negative
553.56
Negative
543.07
Negative
Market Momentum
-10.46
Negative
43.27
Neutral
56.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:OSB, the sentiment is Negative. The current price of 567.5 is above the 20-day moving average (MA) of 507.53, above the 50-day MA of 523.14, and above the 200-day MA of 543.07, indicating a bearish trend. The MACD of -10.46 indicates Negative momentum. The RSI at 43.27 is Neutral, neither overbought nor oversold. The STOCH value of 56.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | £1.59B | 6.98 | 11.24% | 11.03% | 2.58% | -12.71% | |
72 Outperform | £1.40B | 4.19 | 14.60% | 9.91% | -21.74% | 58.92% | |
71 Outperform | £1.73B | 4.00 | 13.26% | 5.34% | -8.38% | -2.55% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | £1.40B | 5.39 | 12.75% | 4.74% | -4.98% | 3.02% |
* Financial Sector Average
GB:OSB
OSB Group PLC
501.50
49.92
11.06%
GB:ASHM
Ashmore Group PLC
214.40
79.78
59.27%
GB:LRE
Lancashire Holdings
639.50
145.34
29.41%
GB:PAG
Paragon Banking Group PLC
747.00
-109.44
-12.78%
GB:TBCG
TBC Bank
4,384.00
200.26
4.79%
OSB Group PLC Corporate Events
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...
Stock BuybackFinancial Disclosures
OSB Group Cancels Over 1 Million Shares in Ongoing Buyback
Positive
May 5, 2026
OSB Group PLC has repurchased 1,060,756 ordinary shares of £0.01 each between 27 April and 1 May 2026 across the London Stock Exchange, CBOE BXE, CBOE CXE and Aquis Exchange under its ongoing share buyback programme. The shares, acquired via ...
Regulatory Filings and Compliance
OSB Group Confirms Total Voting Rights at 348.7 Million Shares
Neutral
Apr 30, 2026
OSB Group PLC has confirmed that, as of 30 April 2026, its issued share capital with voting rights consists of 348,717,162 ordinary shares of £0.01 each, with no shares held in treasury. This figure represents the total number of voting right...
Business Operations and StrategyStock BuybackFinancial Disclosures
OSB Group posts resilient Q1 as specialist lending and deposits grow
Positive
Apr 30, 2026
OSB Group PLC reported a resilient first-quarter performance for 2026, with its net loan book rising 0.9% to £26.2bn and retail deposits up 1.8% to £24.7bn, driven by stronger originations in buy-to-let and specialist residential mortgag...
Business Operations and StrategyStock Buyback
OSB Group Cancels 760,000 Shares in April Buyback Round
Positive
Apr 27, 2026
OSB Group PLC has repurchased 760,388 ordinary shares between 20 and 24 April 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 average pri...
Executive/Board Changes
OSB Group Sets September 2026 Start Date for New Chief Executive
Neutral
Apr 23, 2026
OSB Group PLC has confirmed that Enrique Alvarez Labiano will assume the role of Chief Executive Officer on 1 September 2026, subject to regulatory approval, and will join the boards of OSB Group PLC, OneSavings Bank plc and Charter Court Financia...
Executive/Board ChangesRegulatory Filings and Compliance
OSB Group CEO Sells Shares After Performance Awards Vesting
Neutral
Apr 16, 2026
OSB Group PLC disclosed that its chief executive officer, Andy Golding, received 77,235 ordinary shares through the vesting of awards under the company’s 2021 Performance Share Plan. As part of the same transaction, he sold 36,430 of these s...
Business Operations and StrategyStock Buyback
OSB Group Cuts Share Count With Latest Buyback Tranche
Positive
Apr 13, 2026
OSB Group PLC has repurchased 494,210 ordinary shares between 7 and 10 April 2026 across the London Stock Exchange, CBOE BXE, CBOE CXE and Aquis Exchange as part of its ongoing share buyback programme. The shares, bought at prices mostly in the lo...
Business Operations and StrategyStock Buyback
OSB Group Cancels 779,345 Shares in Latest Buyback Tranche
Positive
Apr 7, 2026
OSB Group PLC has repurchased 779,345 ordinary shares over four trading days from 30 March to 2 April 2026 across the London Stock Exchange, CBOE BXE, CBOE CXE and Aquis Exchange under its ongoing share buyback programme. The shares, acquired via ...
Business Operations and StrategyRegulatory Filings and Compliance
OSB Group Confirms Total Voting Rights Following Share Capital Update
Neutral
Mar 31, 2026
OSB Group PLC, a FTSE 250-listed specialist lender and retail savings group operating under the OneSavings Bank and Charter Court Financial Services brands, focuses on providing niche lending solutions and deposit products in the UK market under a...
Regulatory Filings and Compliance
OSB Group CFO and Family Report Share Transactions Under UK MAR
Neutral
Mar 30, 2026
OSB Group PLC has disclosed transactions in its shares involving Chief Financial Officer Victoria Hyde and her closely associated persons. Hyde sold 2,550 ordinary shares on 30 March 2026 on the London Stock Exchange’s Main Market, while her...
Business Operations and StrategyStock Buyback
OSB Group Cancels 839,507 Shares in Ongoing Buyback Programme
Positive
Mar 30, 2026
OSB Group PLC has continued executing its previously announced share buyback programme, repurchasing a total of 839,507 ordinary shares between 23 and 27 March 2026 across the London Stock Exchange, CBOE BXE, CBOE CXE and Aquis Exchange. All of th...
Regulatory Filings and Compliance
OSB Group discloses executive share dealings after bonus and performance awards vest
Neutral
Mar 27, 2026
OSB Group PLC has disclosed a series of share transactions by Chief Executive Officer Andy Golding and Chief Financial Officer Victoria Hyde, following the vesting of awards under the company’s Deferred Share Bonus Plans and Performance Shar...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
OSB Group Publishes 2025 Annual Report and Sets Date for 2026 AGM
Neutral
Mar 26, 2026
OSB Group PLC has published its Annual Report and Accounts for the year ended 31 December 2025 and the Notice of its 2026 Annual General Meeting, making both documents available via the UK’s National Storage Mechanism and on the company̵...
Regulatory Filings and Compliance
OSB Group CEO Sells Vested Shares Worth £631,000
Neutral
Mar 24, 2026
OSB Group PLC has disclosed a share transaction by its chief executive officer, Andy Golding, involving the vesting and subsequent sale of ordinary shares granted under the company’s 2020 Performance Share Plan. Golding saw 115,860 shares ve...
Executive/Board Changes
OSB Group Grants Long-Term Share Awards to CEO and CFO
Neutral
Mar 23, 2026
OSB Group PLC has granted new share awards to its chief executive Andrew Golding and chief financial officer Victoria Hyde under its Performance Share Plan and Deferred Share Bonus Plan. The awards, calculated using an average share price of £...
Business Operations and StrategyStock Buyback
OSB Group Cancels 766,000 Shares in Ongoing Buyback Programme
Positive
Mar 23, 2026
OSB Group PLC has continued to execute its share buyback programme, repurchasing 766,385 ordinary shares between 16 and 20 March 2026 across the London Stock Exchange, CBOE venues and Aquis Exchange via broker Jefferies International. The company ...
Business Operations and StrategyDelistings and Listing Changes
OSB Group Files Block Listing for 500,000 Shares to Fund Bonus Plan
Neutral
Mar 20, 2026
OSB Group PLC has submitted a block application to the London Stock Exchange for the admission to trading of 500,000 new ordinary shares of £0.01 each, which will rank pari passu with its existing issued share capital. The shares, expected to...
Business Operations and StrategyDelistings and Listing Changes
OSB Group Admits New Shares to Trading for Employee Schemes
Neutral
Mar 17, 2026
OSB Group PLC has issued, allotted and admitted to trading 48,576 new ordinary shares of £0.01 each between 19 January and 16 March 2026, to satisfy the vesting of awards under its employee share schemes. The shares were issued under the comp...
Business Operations and StrategyStock Buyback
OSB Group Cancels 718,201 Shares in Ongoing Buyback Programme
Positive
Mar 16, 2026
OSB Group PLC has continued its share buyback programme by purchasing 718,201 ordinary shares between 9 and 13 March 2026 across the London Stock Exchange, CBOE BXE, CBOE CXE and Aquis Exchange, through its broker Jefferies International Limited. ...
Regulatory Filings and Compliance
OSB Group Discloses £3m Share Sale by CEO’s Spouse
Neutral
Mar 13, 2026
OSB Group PLC disclosed that Helen Golding, the spouse of chief executive officer Andy Golding and thus a person closely associated with a senior manager, sold a total of 518,184 ordinary shares in the company over four days between 10 and 13 Marc...
Executive/Board ChangesRegulatory Filings and Compliance
OSB Group Discloses CFO Share Transaction Under Deferred Bonus Plan
Neutral
Mar 10, 2026
OSB Group PLC reported a share transaction involving its Chief Financial Officer, Victoria Hyde, relating to a recruitment award under the company’s 2020 Deferred Share Bonus Plan. On 9 March 2026, 2,407 ordinary shares vested and 1,136 of t...
Business Operations and StrategyStock Buyback
OSB Group Continues Buyback With £0.01 Ordinary Share Purchases
Positive
Mar 9, 2026
OSB Group PLC has continued its recently announced share buyback programme with the purchase of 94,482 ordinary shares on 6 March 2026, executed via Jefferies International across London trading venues. The shares, bought at prices between 568.00p...
Business Operations and StrategyStock Buyback
OSB Group Launches £100 Million Share Buyback to Cut Capital
Positive
Mar 5, 2026
OSB Group PLC has launched a share repurchase programme of up to £100 million, starting on 6 March 2026 and expected to complete by 6 March 2027, as part of its policy to return excess capital to shareholders. The company has mandated Jefferi...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
OSB Group posts resilient 2025 results, boosts dividend and launches £100m buyback
Positive
Mar 5, 2026
OSB Group reported a resilient 2025 performance, with net loans rising 3.2% to £25.9bn and originations up 19% to £4.7bn as it continued to diversify away from buy-to-let, which now accounts for 68% of its loan book. Net interest income ...
Business Operations and StrategyStock Buyback
OSB Group Completes £100m Share Buyback, Cuts Share Count
Positive
Mar 3, 2026
OSB Group PLC has completed its previously announced share buyback programme, confirming the repurchase on 2 March 2026 of 85,851 ordinary shares on London markets at a volume-weighted average price of 600.20p per share. These shares will be cance...
Stock BuybackRegulatory Filings and Compliance
OSB Group Cancels Newly Repurchased Shares, Updates Voting Rights Count
Positive
Mar 2, 2026
OSB Group PLC has continued to execute its share buyback programme, repurchasing 88,449 ordinary shares of £0.01 each on 27 February 2026 via the London Stock Exchange and related venues. The shares, bought at prices between 606.00p and 618.5...
Business Operations and StrategyStock Buyback
OSB Group Cancels 81,275 Shares in Ongoing Buyback Programme
Positive
Feb 27, 2026
OSB Group PLC has repurchased 81,275 of its ordinary shares on the London Stock Exchange and related venues as part of its ongoing share buyback programme, paying a volume-weighted average price of about 610p per share. The shares bought back on 2...
Business Operations and StrategyStock Buyback
OSB Group Cancels 87,644 Shares in Ongoing Buyback Programme
Positive
Feb 26, 2026
OSB Group PLC has repurchased 87,644 of its ordinary shares on the London Stock Exchange, CBOE BXE and CBOE CXE at prices ranging between 601.50p and 610.00p, with a volume-weighted average price of 606.86p. The shares, bought through its broker C...
Business Operations and StrategyStock Buyback
OSB Group Cancels 90,286 Shares Under Ongoing Buyback Programme
Positive
Feb 25, 2026
OSB Group PLC has repurchased 90,286 of its ordinary shares on the London Stock Exchange as part of its ongoing share buyback programme, with the shares to be cancelled. Following this transaction, the company’s total shares in issue and vot...
Business Operations and StrategyStock Buyback
OSB Group Cancels 90,744 Shares in Ongoing Buyback Programme
Positive
Feb 24, 2026
OSB Group PLC has repurchased 90,744 ordinary shares on 23 February 2026 via the London Stock Exchange as part of its ongoing share buyback programme. The shares, bought at prices between 592p and 610p and at a volume-weighted average price of 602...
Business Operations and StrategyStock Buyback
OSB Group Cancels 79,000 Shares in Ongoing Buyback Programme
Positive
Feb 23, 2026
OSB Group PLC has repurchased 79,000 of its ordinary shares on the London Stock Exchange as part of its ongoing share buyback programme, paying a volume-weighted average price of 608.49p per share. The company will cancel the repurchased stock, re...
Business Operations and StrategyExecutive/Board Changes
OSB Group names Santander executive Enrique Alvarez Labiano as new CEO
Positive
Feb 20, 2026
OSB Group PLC has appointed Enrique Alvarez Labiano as its next Chief Executive Officer, subject to regulatory approval, following a broad search that considered internal and external candidates. Alvarez Labiano joins from Santander UK, where he m...
Business Operations and StrategyStock Buyback
OSB Group Cancels 93,800 Shares Under Ongoing Buyback Programme
Positive
Feb 20, 2026
OSB Group PLC has repurchased 93,800 of its ordinary shares on the London Stock Exchange as part of its ongoing share buyback programme and will cancel the shares, reducing the total number in issue to 353,264,299. The move slightly increases the ...
Business Operations and StrategyStock Buyback
OSB Group Cancels 73,000 Shares Under Ongoing Buyback Programme
Positive
Feb 18, 2026
OSB Group PLC has repurchased 73,000 of its ordinary shares on UK trading venues as part of its ongoing share buyback programme, with the shares bought at prices between 594.50p and 604.50p and subsequently cancelled. Following this transaction, t...
Business Operations and StrategyStock Buyback
OSB Group Cancels 78,000 Shares Under Ongoing Buyback Programme
Positive
Feb 17, 2026
OSB Group PLC has repurchased 78,427 of its ordinary shares on the London Stock Exchange and related venues on 16 February 2026, paying a volume-weighted average price of 597.82 pence per share, with the shares to be cancelled as part of its ongoi...
Business Operations and StrategyStock Buyback
OSB Group Cancels 95,447 Shares in Ongoing Buyback Programme
Positive
Feb 16, 2026
OSB Group PLC has repurchased 95,447 ordinary shares on the London Stock Exchange as part of its ongoing share buyback programme, with the shares bought at prices between 586p and 595p and a volume-weighted average price of 591p. The acquired shar...
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.