Financial Analysis: OneConnect Financial Technology (OCFT) versus The Competition

Angelena Iglesia

OneConnect Financial Technology (NYSE: OCFT) is one of 71 public companies in the “Computer programming, data processing, & other computer related” industry, but how does it weigh in compared to its rivals? We will compare OneConnect Financial Technology to similar businesses based on the strength of its institutional ownership, earnings, […]

OneConnect Financial Technology (NYSE: OCFT) is one of 71 public companies in the “Computer programming, data processing, & other computer related” industry, but how does it weigh in compared to its rivals? We will compare OneConnect Financial Technology to similar businesses based on the strength of its institutional ownership, earnings, profitability, risk, dividends, valuation and analyst recommendations.

Profitability

This table compares OneConnect Financial Technology and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
OneConnect Financial Technology N/A N/A N/A
OneConnect Financial Technology Competitors -12.63% -59.35% -6.74%

Insider and Institutional Ownership

9.2% of OneConnect Financial Technology shares are held by institutional investors. Comparatively, 51.3% of shares of all “Computer programming, data processing, & other computer related” companies are held by institutional investors. 15.2% of shares of all “Computer programming, data processing, & other computer related” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Earnings and Valuation

This table compares OneConnect Financial Technology and its rivals revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
OneConnect Financial Technology $330.51 million -$240.28 million -28.61
OneConnect Financial Technology Competitors $7.05 billion $1.35 billion 113.18

OneConnect Financial Technology’s rivals have higher revenue and earnings than OneConnect Financial Technology. OneConnect Financial Technology is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Analyst Recommendations

This is a summary of current recommendations for OneConnect Financial Technology and its rivals, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
OneConnect Financial Technology 0 0 0 0 N/A
OneConnect Financial Technology Competitors 1027 3499 6918 324 2.56

As a group, “Computer programming, data processing, & other computer related” companies have a potential upside of 5.50%. Given OneConnect Financial Technology’s rivals higher probable upside, analysts plainly believe OneConnect Financial Technology has less favorable growth aspects than its rivals.

Summary

OneConnect Financial Technology rivals beat OneConnect Financial Technology on 6 of the 9 factors compared.

About OneConnect Financial Technology

OneConnect Financial Technology Co., Ltd. provides cloud-platform-based Fintech solutions, and online information and operating support services for financial institutions in the People’s Republic of China. It offers digital retail banking, small and medium enterprises (SME) financing and services, retail and SME banking risk-management, auto insurance operations and services, asset management, asset-liability management, artificial intelligence customer service, core systems, and insurance sales management solutions. The company also operates Regtech, an end-to-end regulatory solution to help regulatory authorities automate and digitalize their operations; Gamma O, an open API platform-as-a-service for reusable financial technology components and integrations; and Blockchain network-as-a-service. In addition, it provides technology infrastructure, such as data management and cloud services. The company serves customers in the financial services industry, including banking, insurance, and asset management. OneConnect Financial Technology Co., Ltd. was founded in 2015 and is headquartered in Shenzhen, the People’s Republic of China. OneConnect Financial Technology Co., Ltd. has a strategic agreement with the Hainan Local Financial Supervision Administration to develop smart financial and smart supervision services in the island province of Hainan, as well as the financial sector in Hainan free trade port. OneConnect Financial Technology Co., Ltd. is a subsidiary of Sen Rong Limited.

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