OCFT
OneConnect Financial Technology Co., Ltd.
Software - Application
Market Cap$308M
5Y Perf.-96.7%
Compare Stocks
2 / 10Try these comparisons:
Stock Comparison
OCFT vs NCNO
Revenue, margins, valuation, and 5-year total return — side by side.
NCNO
nCino, Inc.
Software - Application
Market Cap$2.11B
5Y Perf.-66.3%
OCFT vs NCNO — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | OCFT | NCNO |
|---|---|---|
| Industry | Software - Application | Software - Application |
| Market Cap | $308M | $2.11B |
| Revenue (TTM) | $1.63B | $586M |
| Net Income (TTM) | $-677M | $-22M |
| Gross Margin | 29.9% | 60.1% |
| Operating Margin | -18.6% | -0.8% |
| Forward P/E | 4.7x | 19.6x |
| Total Debt | $44M | $237M |
| Cash & Equiv. | $1.95B | $121M |
OCFT vs NCNO — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
OCFT
NCNO
| Stock | Jul 20 | Nov 25 | Return |
|---|---|---|---|
| OneConnect Financia… (OCFT) | 100 | 3.3 | -96.7% |
| nCino, Inc. (NCNO) | 100 | 33.7 | -66.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: OCFT vs NCNO
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: OCFT and NCNO are tied at the top with 3 categories each — the right choice depends on your priorities. nCino, Inc. is the stronger pick specifically for growth and revenue expansion and profitability and margin quality. As sector peers, any of these can serve as alternatives in the same allocation.
OCFT
OneConnect Financial Technology Co., Ltd.
The Income Pick
OCFT has the current edge in this matchup, primarily because of its strength in income & stability and sleep-well-at-night.
- beta 0.33
- Lower volatility, beta 0.33, Low D/E 1.7%, current ratio 2.36x
- Beta 0.33, current ratio 2.36x
Best for: income & stability and sleep-well-at-night
NCNO
nCino, Inc.
The Growth Play
NCNO is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 13.5%, EPS growth 13.2%, 3Y rev CAGR 25.4%
- -80.6% 10Y total return vs OCFT's -92.1%
- 13.5% revenue growth vs OCFT's -38.7%
Best for: growth exposure and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | NCNO | 13.5% revenue growth vs OCFT's -38.7% |
| Value | OCFT | Lower P/E (4.7x vs 19.6x) |
| Quality / Margins | NCNO | -3.7% margin vs OCFT's -41.5% |
| Stability / Safety | OCFT | Beta 0.33 vs NCNO's 1.18, lower leverage |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | OCFT | +28.3% vs NCNO's -22.1% |
| Efficiency (ROA) | NCNO | -1.4% ROA vs OCFT's -18.2%, ROIC -1.2% vs -18.0% |
OCFT vs NCNO — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2024
FY 2025
OCFT vs NCNO — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLOCFTLAGGINGNCNO
NCNOnCino, Inc.
2leads
OCFTOneConnect Financial …
3leads
6 Total Categories
CATEGORYLEADERvs NCNOMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
NCNO6/6
Valuation MetricsMultiples, price ratios, and targets
OCFT3/4
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
NCNO5/8
Total Returns1Y, 3Y, 5Y total returns with dividends
OCFT3/5
Risk & VolatilityBeta, volatility, and downside exposure
OCFT2/2
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
NCNO leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
OCFT is the larger business by revenue, generating $1.6B annually — 2.8x NCNO's $586M. NCNO is the more profitable business, keeping -3.7% of every revenue dollar as net income compared to OCFT's -41.5%. On growth, NCNO holds the edge at +9.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | OCFTOneConnect Financ… | NCNOnCino, Inc. |
|---|---|---|
| RevenueTrailing 12 months | $1.6B | $586M |
| EBITDAEarnings before interest/tax | -$262M | $27M |
| Net IncomeAfter-tax profit | -$677M | -$22M |
| Free Cash FlowCash after capex | -$192M | $60M |
| Gross MarginGross profit ÷ Revenue | +29.9% | +60.1% |
| Operating MarginEBIT ÷ Revenue | -18.6% | -0.8% |
| Net MarginNet income ÷ Revenue | -41.5% | -3.7% |
| FCF MarginFCF ÷ Revenue | -11.8% | +10.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | -37.4% | +9.6% |
| EPS Growth (YoY)Latest quarter vs prior year | -139.1% | +2.3% |
NCNO leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
OCFT leads this category, winning 3 of 4 comparable metrics.
Valuation Metrics
| Metric | OCFTOneConnect Financ… | NCNOnCino, Inc. |
|---|---|---|
| Market CapShares × price | $308M | $2.1B |
| Enterprise ValueMkt cap + debt − cash | -$1.6B | $2.2B |
| Trailing P/EPrice ÷ TTM EPS | -0.63x | -53.88x |
| Forward P/EPrice ÷ next-FY EPS est. | 4.69x | 19.64x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | 121.97x |
| Price / SalesMarket cap ÷ Revenue | 0.14x | 3.89x |
| Price / BookPrice ÷ Book value/share | 0.11x | 1.87x |
| Price / FCFMarket cap ÷ FCF | — | 39.45x |
OCFT leads this category, winning 3 of 4 comparable metrics.
Profitability & Efficiency
NCNO leads this category, winning 5 of 8 comparable metrics.
Profitability & Efficiency
NCNO delivers a -2.1% return on equity — every $100 of shareholder capital generates $-2 in annual profit, vs $-28 for OCFT. OCFT carries lower financial leverage with a 0.02x debt-to-equity ratio, signaling a more conservative balance sheet compared to NCNO's 0.22x.
| Metric | OCFTOneConnect Financ… | NCNOnCino, Inc. |
|---|---|---|
| ROE (TTM)Return on equity | -28.1% | -2.1% |
| ROA (TTM)Return on assets | -18.2% | -1.4% |
| ROICReturn on invested capital | -18.0% | -1.2% |
| ROCEReturn on capital employed | -11.0% | -1.5% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 5 |
| Debt / EquityFinancial leverage | 0.02x | 0.22x |
| Net DebtTotal debt minus cash | -$1.9B | $116M |
| Cash & Equiv.Liquid assets | $1.9B | $121M |
| Total DebtShort + long-term debt | $44M | $237M |
| Interest CoverageEBIT ÷ Interest expense | -38.58x | -0.51x |
NCNO leads this category, winning 5 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
OCFT leads this category, winning 3 of 5 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in NCNO five years ago would be worth $3,144 today (with dividends reinvested), compared to $561 for OCFT. Over the past 12 months, OCFT leads with a +28.3% total return vs NCNO's -22.1%. The 3-year compound annual growth rate (CAGR) favors OCFT at 16.9% vs NCNO's -7.6% — a key indicator of consistent wealth creation.
| Metric | OCFTOneConnect Financ… | NCNOnCino, Inc. |
|---|---|---|
| YTD ReturnYear-to-date | — | -27.9% |
| 1-Year ReturnPast 12 months | +28.3% | -22.1% |
| 3-Year ReturnCumulative with dividends | +59.7% | -21.0% |
| 5-Year ReturnCumulative with dividends | -94.4% | -68.6% |
| 10-Year ReturnCumulative with dividends | -92.1% | -80.6% |
| CAGR (3Y)Annualised 3-year return | +16.9% | -7.6% |
OCFT leads this category, winning 3 of 5 comparable metrics.
Risk & Volatility
OCFT leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
OCFT is the less volatile stock with a 0.33 beta — it tends to amplify market swings less than NCNO's 1.18 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. OCFT currently trades 99.6% from its 52-week high vs NCNO's 52.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | OCFTOneConnect Financ… | NCNOnCino, Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.33x | 1.18x |
| 52-Week HighHighest price in past year | $7.92 | $33.92 |
| 52-Week LowLowest price in past year | $6.09 | $13.80 |
| % of 52W HighCurrent price vs 52-week peak | +99.6% | +52.4% |
| RSI (14)Momentum oscillator 0–100 | 68.7 | 50.1 |
| Avg Volume (50D)Average daily shares traded | 0 | 2.7M |
OCFT leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates OCFT as "Hold" and NCNO as "Buy". Consensus price targets imply 81.8% upside for NCNO (target: $32) vs -98.5% for OCFT (target: $0).
| Metric | OCFTOneConnect Financ… | NCNOnCino, Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $0.12 | $32.33 |
| # AnalystsCovering analysts | 7 | 23 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
Insufficient data to determine a leader in this category.
Key Takeaway
OCFT leads in 3 of 6 categories (Valuation Metrics, Total Returns). NCNO leads in 2 (Income & Cash Flow, Profitability & Efficiency).
Best OverallOneConnect Financial Techno… (OCFT)Leads 3 of 6 categories
Loading custom metrics...
OCFT vs NCNO: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is OCFT or NCNO a better buy right now?
For growth investors, nCino, Inc.
(NCNO) is the stronger pick with 13. 5% revenue growth year-over-year, versus -38. 7% for OneConnect Financial Technology Co. , Ltd. (OCFT). Analysts rate nCino, Inc. (NCNO) a "Buy" — based on 23 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — OCFT or NCNO?
Over the past 5 years, nCino, Inc.
(NCNO) delivered a total return of -68. 6%, compared to -94. 4% for OneConnect Financial Technology Co. , Ltd. (OCFT). Over 10 years, the gap is even starker: NCNO returned -80. 6% versus OCFT's -92. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — OCFT or NCNO?
By beta (market sensitivity over 5 years), OneConnect Financial Technology Co.
, Ltd. (OCFT) is the lower-risk stock at 0. 33β versus nCino, Inc. 's 1. 18β — meaning NCNO is approximately 262% more volatile than OCFT relative to the S&P 500. On balance sheet safety, OneConnect Financial Technology Co. , Ltd. (OCFT) carries a lower debt/equity ratio of 2% versus 22% for nCino, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — OCFT or NCNO?
By revenue growth (latest reported year), nCino, Inc.
(NCNO) is pulling ahead at 13. 5% versus -38. 7% for OneConnect Financial Technology Co. , Ltd. (OCFT). On earnings-per-share growth, the picture is similar: nCino, Inc. grew EPS 13. 2% year-over-year, compared to -27. 3% for OneConnect Financial Technology Co. , Ltd.. Over a 3-year CAGR, NCNO leads at 25. 4% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — OCFT or NCNO?
nCino, Inc.
(NCNO) is the more profitable company, earning -7. 0% net margin versus -20. 4% for OneConnect Financial Technology Co. , Ltd. — meaning it keeps -7. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NCNO leads at -3. 4% versus -13. 5% for OCFT. At the gross margin level — before operating expenses — NCNO leads at 60. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is OCFT or NCNO more undervalued right now?
On forward earnings alone, OneConnect Financial Technology Co.
, Ltd. (OCFT) trades at 4. 7x forward P/E versus 19. 6x for nCino, Inc. — 14. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for NCNO: 81. 8% to $32. 33.
07Which pays a better dividend — OCFT or NCNO?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
08Is OCFT or NCNO better for a retirement portfolio?
For long-horizon retirement investors, OneConnect Financial Technology Co.
, Ltd. (OCFT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 33)). Both have compounded well over 10 years (OCFT: -92. 1%, NCNO: -80. 6%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between OCFT and NCNO?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.
Revenue Growth>
%
(OCFT: -37.4% · NCNO: 9.6%)You Might Also Compare
Based on how these companies actually compete and overlap — not just which sector they're filed under.