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OneConnect Financial Technology Co. Ltd. (OCFT)

Stock Price: $21.65 USD 0.25 (1.17%)
Updated Oct 27, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 8.00B
Revenue (ttm) 2.71B
Net Income (ttm) -1.65B
Shares Out 369.29M
EPS (ttm) -4.47
PE Ratio n/a
Forward PE n/a
Dividend n/a
Dividend Yield n/a

Stock Quote

Trading Day Oct 27, 2020
Last Price $21.65
Previous Close $21.40
Change ($) 0.25
Change (%) 1.17%
Day's Open 21.41
Day's Range 20.78 - 21.82
Day's Volume 319,018
52-Week Range 9.02 - 28.80

More Stats

Market Cap 8.00B
Enterprise Value 7.66B
Earnings Date (est) Nov 3, 2020
Ex-Dividend Date n/a
Shares Outstanding 369.29M
Float 364.81M
EPS (basic) n/a
EPS (diluted) -4.47
FCF / Share n/a
Dividend n/a
Dividend Yield n/a
Earnings Yield n/a
FCF Yield n/a
Payout Ratio n/a
Shares Short 2.83M
Short Ratio 5.82
Short % of Float 0.78%
Beta n/a
PE Ratio n/a
Forward PE n/a
P/FCF Ratio n/a
PS Ratio 2.95
PB Ratio 13.16
Revenue 2.71B
Operating Income n/a
Net Income -1.65B
Free Cash Flow n/a
Net Cash 330.99M
Net Cash / Share 0.90
Gross Margin n/a
Operating Margin n/a
Profit Margin n/a
FCF Margin n/a
ROA -11.67%
ROE -46.56%
ROIC n/a
Key stats in USD, based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (7)

Buy 5
Overweight 0
Hold 2
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$26.04*
(20.28% upside)
Low
23.2
Current: $21.65
High
28.5
Target: 26.04
*Average 12-month USD price target from 7 stock analysts.

Financial Performance

Financial numbers in millions CNY.

Financial Overview

Year201920182017
Revenue2,3281,413582
Revenue Growth64.69%142.9%-
Gross Profit76738999.37
Operating Income-1,701-1,114-890
Net Income-1,661-1,196-607
Shares Outstanding1,0821,082-
Earnings Per Share-5.31-3.87-2.70
Operating Cash Flow-1,817-489-229
Capital Expenditures-96.89-84.83-15.72
Free Cash Flow-1,914-574-244
Cash & Equivalents6,2097,1171,712
Total Debt3,2193,3861,502
Net Cash / Debt2,9913,731210
Assets9,9279,3833,016
Liabilities5,4075,5523,050
Book Value4,3703,720-34.88
Numbers in millions CNY, except per-share numbers.

Company Profile

Company Details

Full Name OneConnect Financial Technology Co. Ltd.
Country China
Employees 3,631
CEO Wangchun Ye

Stock Information

Ticker Symbol OCFT
Stock Exchange New York Stock Exchange
Sector Technology
Industry Software—Application
Unique Identifier NYSE: OCFT
IPO Date December 13, 2019

Description

OneConnect Financial Technology Company 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.