OneConnect Financial Technology Past Earnings Performance
Past criteria checks 0/6
OneConnect Financial Technology has been growing earnings at an average annual rate of 31%, while the Software industry saw earnings growing at 20% annually. Revenues have been growing at an average rate of 6.9% per year.
Key information
31.0%
Earnings growth rate
33.4%
EPS growth rate
| Software Industry Growth | 17.3% |
| Revenue growth rate | 6.9% |
| Return on equity | -9.0% |
| Net Margin | -9.1% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance 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 16Revenue & Expenses Breakdown
How OneConnect Financial Technology makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 2,824 | -258 | 734 | 666 |
| 30 Jun 24 | 3,250 | -320 | 784 | 827 |
| 31 Mar 24 | 3,497 | -344 | 824 | 892 |
| 31 Dec 23 | 3,668 | -363 | 834 | 955 |
| 30 Sep 23 | 3,919 | -382 | 848 | 1,148 |
| 30 Jun 23 | 4,144 | -424 | 939 | 1,205 |
| 31 Mar 23 | 4,339 | -627 | 1,072 | 1,331 |
| 31 Dec 22 | 4,464 | -872 | 1,270 | 1,418 |
| 30 Sep 22 | 4,502 | -1,053 | 1,399 | 1,417 |
| 30 Jun 22 | 4,498 | -1,190 | 1,438 | 1,454 |
| 31 Mar 22 | 4,332 | -1,295 | 1,485 | 1,435 |
| 31 Dec 21 | 4,132 | -1,282 | 1,502 | 1,353 |
| 30 Sep 21 | 3,928 | -1,288 | 1,521 | 1,313 |
| 30 Jun 21 | 3,745 | -1,262 | 1,575 | 1,285 |
| 31 Mar 21 | 3,551 | -1,244 | 1,605 | 1,215 |
| 31 Dec 20 | 3,312 | -1,354 | 1,599 | 1,173 |
| 30 Sep 20 | 3,009 | -1,608 | 1,543 | 1,139 |
| 30 Jun 20 | 2,713 | -1,651 | 1,528 | 1,042 |
| 31 Mar 20 | 2,460 | -1,660 | 1,488 | 927 |
| 31 Dec 19 | 2,328 | -1,661 | 1,438 | 956 |
| 30 Sep 19 | 2,066 | -1,662 | 1,361 | 851 |
| 30 Jun 19 | 1,843 | -1,590 | 1,242 | 791 |
| 31 Mar 19 | 1,592 | -1,431 | 1,069 | 672 |
| 31 Dec 18 | 1,413 | -1,196 | 962 | 459 |
| 31 Dec 17 | 582 | -607 | 478 | 537 |
Quality Earnings: OCFT is currently unprofitable.
Growing Profit Margin: OCFT is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: OCFT is unprofitable, but has reduced losses over the past 5 years at a rate of 31% per year.
Accelerating Growth: Unable to compare OCFT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: OCFT is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (24.3%).
Return on Equity
High ROE: OCFT has a negative Return on Equity (-8.97%), as it is currently unprofitable.