OCFT Stock Overview
OneConnect Financial Technology Co., Ltd. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
My Notes
Capture your thoughts, links and company narrative
OneConnect Financial Technology Co., Ltd. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$2.87 |
| 52 Week High | HK$4.98 |
| 52 Week Low | HK$0.87 |
| Beta | 1.85 |
| 1 Month Change | 32.87% |
| 3 Month Change | 111.03% |
| 1 Year Change | -3.37% |
| 3 Year Change | -88.47% |
| 5 Year Change | -97.15% |
| Change since IPO | -97.13% |
Recent News & Updates
Recent updates
OneConnect's Losses Narrow As Cost Cuts Offset Revenue Decline
Aug 18OneConnect: Still Neutral On Mixed Q1 2023 Results
May 30OneConnect: Strategic Pivot In The Limelight
Jan 01OneConnect Financial Technology GAAP EPADS of -RMB 0.36, revenue of RMB 1.07B
Nov 10OneConnect Financial receives NYSE non-compliance letter
Nov 03OneConnect Grows But Economic And Regulatory Conditions Weigh
Sep 09OneConnect Inches Closer To Profits Under Leadership Of New Chairman
Aug 26OneConnect Financial Technology GAAP EPS of -RMB0.67, revenue of RMB1.13B
Aug 17Health Check: How Prudently Does OneConnect Financial Technology (NYSE:OCFT) Use Debt?
Mar 24
OneConnect Files For Hong Kong Listing, But Customer Diversification Remains Key
Mar 03Is OneConnect Financial Technology (NYSE:OCFT) A Risky Investment?
Dec 01Is There An Opportunity With OneConnect Financial Technology Co., Ltd.'s (NYSE:OCFT) 36% Undervaluation?
Oct 22What Does The Future Hold For OneConnect Financial Technology Co., Ltd. (NYSE:OCFT)? These Analysts Have Been Cutting Their Estimates
Aug 11Is OneConnect Financial Technology (NYSE:OCFT) Using Too Much Debt?
Aug 08Is OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) Trading At A 39% Discount?
Jun 18OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) Just Reported Earnings, And Analysts Cut Their Target Price
May 14Is OneConnect Financial Technology (NYSE:OCFT) Using Debt In A Risky Way?
Mar 01OneConnect Financial Technology Co., Ltd. (NYSE:OCFT): Are Analysts Optimistic?
Feb 05OneConnect Financial Technology misses on revenue
Feb 02Chinese Fintech OneConnect Raises Concerns Despite Decent Financials
Dec 23OneConnect Financial Technology (NYSE:OCFT) Shareholders Have Enjoyed An Impressive 107% Share Price Gain
Dec 14OneConnect Financial Produces Enviable Growth Trajectory
Nov 16Shareholder Returns
| OCFT | US Software | US Market | |
|---|---|---|---|
| 7D | 12.1% | -2.2% | -2.4% |
| 1Y | -3.4% | 21.9% | 23.3% |
Return vs Industry: OCFT underperformed the US Software industry which returned 21.3% over the past year.
Return vs Market: OCFT underperformed the US Market which returned 22.1% over the past year.
Price Volatility
| OCFT volatility | |
|---|---|
| OCFT Average Weekly Movement | 28.0% |
| Software Industry Average Movement | 7.9% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: OCFT's share price has been volatile over the past 3 months compared to the US market.
Volatility Over Time: OCFT's weekly volatility has increased from 16% to 28% over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2015 | 2,078 | Chong Feng Shen | www.ocft.com |
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 operates in Technology Solutions and Virtual Bank Business segments. The company offers Gamma Platform, which offers a toolbox of separate solution modules that provide technology infrastructure and underlying technologies; marketing management platform, developed from AI Banker App, provides banks relationship managers with technology that supports in managing their acquisition and relationships with retail customers; and wealth management platform that provides banks with tools to enhance the efficiency of their wealth management business.
OneConnect Financial Technology Co., Ltd. Fundamentals Summary
| OCFT fundamental statistics | |
|---|---|
| Market cap | US$97.80m |
| Earnings (TTM) | -US$40.88m |
| Revenue (TTM) | US$392.09m |
0.2x
P/S Ratio-2.4x
P/E RatioIs OCFT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| OCFT income statement (TTM) | |
|---|---|
| Revenue | CN¥2.86b |
| Cost of Revenue | CN¥1.83b |
| Gross Profit | CN¥1.03b |
| Other Expenses | CN¥1.33b |
| Earnings | -CN¥298.27m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.25 |
| Gross Margin | 35.99% |
| Net Profit Margin | -10.43% |
| Debt/Equity Ratio | 1.6% |
How did OCFT perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 05:58 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
OneConnect Financial Technology Co., Ltd. is covered by 9 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Yue Hang Chan | BofA Global Research |
| Judy Zhang | Citigroup Inc |
| Yushen Wang | CLSA |