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OneConnect Financial Technology Co. (OCFT)

(Delayed Data from NYSE)

$1.80 USD

1.80
13,182

+0.01 (0.56%)

Updated Jul 12, 2024 04:00 PM ET

After-Market: $1.78 -0.02 (-1.11%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy17.88%
3Hold9.47%
4Sell5.14%
5Strong Sell2.57%
S&P50011.11%

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Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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NA Value NA Growth NA Momentum NA VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 40% (101 out of 250)

Industry: Technology Services

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Balance Sheet

Research for OCFT

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for OneConnect Financial Technology Co, Ltd Sponsored ADR falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 379 518 458 857 654
Receivables 100 140 138 122 103
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 278 290 473 317 352
Total Current Assets 757 947 1,069 1,295 1,108
Net Property & Equipment 12 23 38 33 46
Investments & Advances 0 30 29 29 17
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 109 114 106 82 61
Intangibles 67 85 107 133 141
Deposits & Other Assets 196 122 99 6 63
Total Assets 1,140 1,320 1,448 1,577 1,436
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 280 376 331 224 156
Current Portion Long-Term Debt 36 43 126 331 466
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 401 390 343 194 93
Total Current Liabilities 717 809 800 749 715
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 1 2 3 5
Convertible Debt 0 0 0 0 0
Long-Term Debt 0 0 0 0 0
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 6 23 52 60 63
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 724 833 853 811 782
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 0 0 0 0 0
Retained Earnings -1,113 -1,116 -1,029 -776 -579
Other Equity 1,529 1,603 1,623 1,542 1,233
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 417 487 594 766 654
Total Liabilities & Shareholder's Equity 1,140 1,320 1,448 1,577 1,436
Total Common Equity 417 487 594 766 654
Shares Outstanding 39.00 39.00 39.00 39.00 36.50
Book Value Per Share 10.68 12.49 15.24 19.64 17.92

Fiscal Year End for OneConnect Financial Technology Co, Ltd Sponsored ADR falls in the month of December.

All items in Millions except Per Share data.

6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Assets          
Cash & Equivalents -99,999 268 379 429 543
Receivables NA 126 100 160 170
Notes Receivable NA 0 0 0 0
Inventories NA 0 0 0 0
Other Current Assets NA 573 278 263 179
Total Current Assets NA 967 757 852 892
Net Property & Equipment NA 13 12 14 17
Investments & Advances NA 0 0 0 116
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 107 109 106 110
Intangibles NA 48 67 68 75
Deposits & Other Assets NA 2 196 125 0
Total Assets NA 1,137 1,140 1,165 1,210
Liabilities & Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 304 280 321 344
Current Portion Long-Term Debt NA 23 36 24 37
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 0 0 0
Income Taxes Payable NA 0 0 1 0
Other Current Liabilities NA 405 401 379 360
Total Current Liabilities NA 732 717 725 740
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 1
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 0 0 0 0
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 6 18 20
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 740 724 743 761
Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 0 0 0 0
Capital Surplus NA 0 0 0 0
Retained Earnings NA -1,115 -1,113 -1,076 -1,098
Other Equity NA 1,512 1,529 1,498 1,547
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 398 417 421 449
Total Liabilities & Shareholder's Equity NA 1,137 1,140 1,165 1,210
Total Common Equity 0 398 417 421 449
Shares Outstanding 39.00 39.00 39.00 39.00 39.00
Book Value Per Share 0.00 10.20 10.68 10.81 11.51