OneConnect Financial Technology Co., Ltd. (OCFT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
OneConnect Financial Technology Co., Ltd. (OCFT) stock price & volume — 10-year historical chart
OneConnect Financial Technology Co., Ltd. (OCFT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
OneConnect Financial Technology Co., Ltd. (OCFT) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q4 2025Latest | Nov 20, 2025 | $0.11 | — |
| Q3 2025 | Aug 21, 2025 | $0.15 | $60M |
| Q2 2025 | May 28, 2025 | $0.15 | $51M |
| Q2 2025 | Apr 24, 2025 | $0.07 | $57M |
OneConnect Financial Technology Co., Ltd. (OCFT) competitors in Financial services and insurance software — business model, growth, and fundamentals comparison
OneConnect Financial Technology Co., Ltd. (OCFT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
OneConnect Financial Technology Co., Ltd. (OCFT) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 581.91M | 1.41B | 2.33B | 3.31B | 4.13B | 4.46B | 3.67B | 2.25B | 1.63B |
| Revenue Growth % | - | 142.9% | 64.69% | 42.29% | 24.76% | 8.03% | -17.84% | -38.7% | -48.7% |
| Cost of Goods Sold | 482.54M | 1.02B | 1.56B | 2.07B | 2.7B | 2.83B | 2.32B | 1.44B | 1.15B |
| COGS % of Revenue | 82.92% | 72.51% | 67.06% | 62.46% | 65.23% | 63.37% | 63.21% | 64.21% | - |
| Gross Profit | 99.37M▲ 0% | 388.63M▲ 291.1% | 766.86M▲ 97.3% | 1.24B▲ 62.1% | 1.44B▲ 15.5% | 1.64B▲ 13.8% | 1.35B▼ 17.5% | 804.5M▼ 40.4% | 487.88M▲ 0% |
| Gross Margin % | 17.08% | 27.49% | 32.94% | 37.54% | 34.77% | 36.63% | 36.79% | 35.79% | 29.87% |
| Gross Profit Growth % | - | 291.08% | 97.33% | 62.15% | 15.54% | 13.81% | -17.47% | -40.38% | - |
| Operating Expenses | 1.01B | 1.62B | 2.42B | 2.58B | 2.77B | 2.58B | 1.72B | 1.11B | 791.6M |
| OpEx % of Revenue | 173.83% | 114.87% | 104.07% | 77.87% | 67.01% | 57.86% | 46.83% | 49.29% | - |
| Selling, General & Admin | 478.31M | 963.95M | 1.39B | 1.46B | 1.43B | 1.24B | 780.32M | 482.39M | 442.88M |
| SG&A % of Revenue | 82.2% | 68.2% | 59.81% | 44.21% | 34.61% | 27.69% | 21.28% | 21.46% | - |
| Research & Development | 537.23M | 459.18M | 956.1M | 1.17B | 1.35B | 1.42B | 955.2M | 510.9M | 228.24M |
| R&D % of Revenue | 92.32% | 32.49% | 41.07% | 35.42% | 32.74% | 31.76% | 26.05% | 22.73% | - |
| Other Operating Expenses | -3.98M | 200.54M | 74.25M | -58.43M | -13.92M | -70.82M | -17.91M | 114.74M | 0 |
| Operating Income | -890.3M▲ 0% | -1.11B▼ 25.2% | -1.66B▼ 48.6% | -1.47B▲ 11.2% | -1.4B▲ 4.5% | -981.56M▲ 30.1% | -368.21M▲ 62.5% | -303.53M▲ 17.6% | -303.72M▲ 0% |
| Operating Margin % | -153% | -78.84% | -71.13% | -44.39% | -33.99% | -21.99% | -10.04% | -13.5% | -18.59% |
| Operating Income Growth % | - | -25.17% | -48.59% | 11.2% | 4.46% | 30.12% | 62.49% | 17.57% | - |
| EBITDA | -602.75M | -760.34M | -1.2B | -1.38B | -965.99M | -700.13M | -166.87M | -203.9M | -261.92M |
| EBITDA Margin % | -103.58% | -53.79% | -51.38% | -41.66% | -23.38% | -15.68% | -4.55% | -9.07% | -16.03% |
| EBITDA Growth % | - | -26.15% | -57.3% | -15.38% | 30% | 27.52% | 76.17% | -22.19% | -82.76% |
| D&A (Non-Cash Add-back) | 287.55M | 354.03M | 459.86M | 90.4M | 438.75M | 281.43M | 201.34M | 99.63M | 41.81M |
| EBIT | -891.04M | -1B | -1.59B | -1.82B | -1.37B | -955M | -342.18M | -180.54M | -278.31M |
| Net Interest Income | -75.1M | -18.92M | -46.57M | -73.13M | -47.81M | -22.46M | 10.49M | 55.06M | 39.07M |
| Interest Income | 10.61M | 188.81M | 128.26M | 77.24M | 28.82M | 14.71M | 29.58M | 67.48M | 46.29M |
| Interest Expense | 85.59M | 160.65M | 174.83M | 150.36M | 76.64M | 37.17M | 19.09M | 12.42M | 7.21M |
| Other Income/Expense | -86.33M | -49.45M | -61.42M | -80.93M | -37.87M | -8.61M | 157.87M | 54.2M | 54.84M |
| Pretax Income | -976.63M▲ 0% | -1.16B▼ 19.2% | -1.76B▼ 51.4% | -1.55B▲ 12.0% | -1.44B▲ 7.0% | -990.17M▲ 31.4% | -210.34M▲ 78.8% | -249.34M▼ 18.5% | -248.88M▲ 0% |
| Pretax Margin % | -167.83% | -82.34% | -75.71% | -46.83% | -34.91% | -22.18% | -5.74% | -11.09% | -15.24% |
| Income Tax | -369.68M | 26.47M | -74.92M | -137.13M | -112.09M | -62.15M | 9.76M | 455.37M | 460.08M |
| Effective Tax Rate % | 37.85% | -2.27% | 4.25% | 8.84% | 7.77% | 6.28% | -4.64% | -182.63% | -184.86% |
| Net Income | -606.96M▲ 0% | -1.2B▼ 97.0% | -1.69B▼ 41.1% | -1.35B▲ 19.8% | -1.28B▲ 5.3% | -872.27M▲ 31.9% | -362.71M▲ 58.4% | -459.68M▼ 26.7% | -677.19M▲ 0% |
| Net Margin % | -104.3% | -84.59% | -72.49% | -40.87% | -31.02% | -19.54% | -9.89% | -20.45% | -41.46% |
| Net Income Growth % | - | -97% | -41.13% | 19.79% | 5.31% | 31.94% | 58.42% | -26.73% | -1937.51% |
| Net Income (Continuing) | -606.96M | -1.19B | -1.69B | -1.41B | -1.33B | -928.03M | -220.1M | -704.71M | -708.96M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | -151.37M | 209.5M | 0 |
| Minority Interest | 0 | 110.6M | 150.43M | 89.91M | 41.1M | -14.65M | -18.98M | -54.51M | -61.73M |
| EPS (Diluted) | -27.00▲ 0% | -38.70▼ 43.3% | -53.10▼ 37.2% | -38.10▲ 28.2% | -34.80▲ 8.7% | -24.00▲ 31.0% | -9.90▲ 58.8% | -12.60▼ 27.3% | -18.64▲ 0% |
| EPS Growth % | - | -43.33% | -37.21% | 28.25% | 8.66% | 31.03% | 58.75% | -27.27% | -177.16% |
| EPS (Basic) | -27.00 | -38.70 | -53.10 | -38.10 | -34.80 | -24.00 | -9.90 | -12.60 | - |
| Diluted Shares Outstanding | 22.37M | 30.79M | 31.31M | 35.49M | 36.94M | 36.49M | 36.32M | 36.32M | 36.33M |
| Basic Shares Outstanding | 22.37M | 30.79M | 31.27M | 35.49M | 36.83M | 36.34M | 36.32M | 36.32M | 36.33M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
OneConnect Financial Technology Co., Ltd. (OCFT) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 2.06B | 7.86B | 7.66B | 8.94B | 6.9B | 6.37B | 5.36B | 3.4B | 3.16B |
| Cash & Short-Term Investments | 1.71B | 3.11B | 2.77B | 5.12B | 3.96B | 3.83B | 3.16B | 2.4B | 1.47B |
| Cash Only | 847.77M | 565.03M | 1.08B | 3.06B | 1.4B | 1.91B | 1.38B | 1.95B | 385.03M |
| Short-Term Investments | 863.27M | 2.54B | 1.69B | 2.06B | 2.56B | 1.92B | 1.78B | 455.02M | 1.08B |
| Accounts Receivable | 43.18M | 627.48M | 1.16B | 1.13B | 1.74B | 1.06B | 809.58M | 902.07M | 897.28M |
| Days Sales Outstanding | 27.09 | 162.03 | 181.77 | 124.61 | 153.35 | 86.97 | 80.57 | 146.46 | 211.16 |
| Inventory | 309.64M | 337.21M | 177.12M | 39.61M | 749.15M | -690.63M | 0 | 0 | 0 |
| Days Inventory Outstanding | 234.22 | 120.1 | 41.42 | 6.99 | 101.44 | - | - | - | - |
| Other Current Assets | 238.47M | 4.25B | 3.55B | 2.57B | 320.47M | 2.05B | 1.39B | 92.3M | 794.1M |
| Total Non-Current Assets | 950.59M | 1.52B | 2.27B | 1.95B | 2.44B | 2.51B | 2.71B | 569.95M | 568.45M |
| Property, Plant & Equipment | 160.95M | 319.67M | 314.5M | 224.28M | 244.41M | 151.4M | 85.08M | 43.9M | 45.21M |
| Fixed Asset Turnover | 3.62x | 4.42x | 7.40x | 14.77x | 16.91x | 29.48x | 43.11x | 51.22x | 33.68x |
| Goodwill | 0 | 126.02M | 289.16M | 289.16M | 289.16M | 289.16M | 289.16M | 157.26M | 157.26M |
| Intangible Assets | 367.08M | 632.06M | 687.79M | 627.9M | 398.03M | 281.27M | 182.21M | 38.38M | 25.3M |
| Long-Term Investments | 42.25M | 34.45M | 512.28M | 197.56M | 825.85M | 1.02B | 1.37B | 0 | 14.97M |
| Other Non-Current Assets | 10.27M | 63.12M | 41M | 42.07M | 1.54M | 0 | 780.26M | 330.42M | 381.11M |
| Total Assets | 3.02B▲ 0% | 9.38B▲ 211.1% | 9.93B▲ 5.8% | 10.89B▲ 9.6% | 9.34B▼ 14.2% | 8.88B▼ 4.9% | 8.07B▼ 9.2% | 3.97B▼ 50.8% | 3.73B▲ 0% |
| Asset Turnover | 0.19x | 0.15x | 0.23x | 0.30x | 0.44x | 0.50x | 0.45x | 0.57x | 0.40x |
| Asset Growth % | - | 211.14% | 5.81% | 9.65% | -14.19% | -4.91% | -9.16% | -50.83% | -183.58% |
| Total Current Liabilities | 2.86B | 5.12B | 4.94B | 5.17B | 5.16B | 5.45B | 5.07B | 1.44B | 1.29B |
| Accounts Payable | 208.5M | 316.5M | 347M | 920.24M | 1.1B | 753.62M | 246.56M | 90.69M | 913.32M |
| Days Payables Outstanding | 157.71 | 112.72 | 81.14 | 162.36 | 149.17 | 97.23 | 38.82 | 22.93 | 247.82 |
| Short-Term Debt | 1.5B | 3.39B | 3.22B | 2.28B | 815.26M | 378.39M | 306.11M | 19.16M | 20.66M |
| Deferred Revenue (Current) | 10.36M | 58.38M | 104.96M | 0 | 1.5B | 2.1B | 0 | 0 | 350.25M |
| Other Current Liabilities | 2.13B | 667.3M | 380.85M | 992.02M | 1.47B | 1.66B | 2.93B | 551.15M | 3.89M |
| Current Ratio | 0.72x | 1.53x | 1.55x | 1.73x | 1.34x | 1.17x | 1.06x | 2.36x | 2.36x |
| Quick Ratio | 0.61x | 1.47x | 1.51x | 1.72x | 1.19x | 1.30x | 1.06x | 2.36x | 2.36x |
| Cash Conversion Cycle | 103.59 | 169.41 | 142.05 | -30.76 | 105.61 | - | - | - | -36.66 |
| Total Non-Current Liabilities | 188.94M | 429.13M | 466.86M | 433.28M | 343.11M | 158.01M | 47.49M | 23.62M | 27.38M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 84.82M | 126.87M | 87.8M | 48.12M | 97.47M | 44.55M | 28.28M | 10.67M | 10.67M |
| Deferred Tax Liabilities | -84.82M | 18.48M | 33.29M | 20.08M | 9.86M | 5.2M | 2.08M | 0 | 0 |
| Other Non-Current Liabilities | 104.12M | 302.26M | 379.06M | 347.4M | 216.36M | 88.28M | 19.2M | 0 | 43.13M |
| Total Liabilities | 3.05B | 5.55B | 5.41B | 5.6B | 5.51B | 5.6B | 5.12B | 1.46B | 1.32B |
| Total Debt | 1.54B | 3.47B | 3.22B | 2.42B | 970.15M | 469.97M | 357.33M | 43.56M | 20.66M |
| Net Debt | 690.37M | 2.9B | 2.14B | -771.89M | -584.11M | -1.57B | -1.02B | -1.9B | -364.37M |
| Debt / Equity | - | 0.91x | 0.71x | 0.46x | 0.25x | 0.14x | 0.12x | 0.02x | 0.02x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | -0.08x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | 1.39x |
| Interest Coverage | -10.40x | -6.94x | -9.47x | -9.78x | -18.33x | -26.41x | -19.29x | -24.44x | -38.58x |
| Total Equity | -34.88M▲ 0% | 3.83B▲ 11082.4% | 4.52B▲ 18.0% | 5.29B▲ 16.9% | 3.84B▼ 27.4% | 3.28B▼ 14.5% | 2.95B▼ 10.1% | 2.5B▼ 15.1% | 2.41B▲ 0% |
| Equity Growth % | - | 11082.36% | 18% | 16.92% | -27.44% | -14.52% | -10.08% | -15.06% | -51.82% |
| Book Value per Share | -1.56 | 124.43 | 144.38 | 148.92 | 103.81 | 89.83 | 81.16 | 68.94 | 66.28 |
| Total Shareholders' Equity | -34.88M | 3.72B | 4.37B | 5.2B | 3.79B | 3.29B | 2.97B | 2.56B | 2.47B |
| Common Stock | 60K | 66K | 73K | 78K | 78K | 78K | 78K | 78K | 78K |
| Retained Earnings | -1.15B | -2.34B | -4B | -5.36B | -6.64B | -7.51B | -7.87B | -8.33B | -8.41B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1.2B | 6.15B | 8.46B | 10.64B | 805.37M | 1.18B | 1.21B | 1.19B | 11.03B |
| Minority Interest | 0 | 110.6M | 150.43M | 89.91M | 41.1M | -14.65M | -18.98M | -54.51M | -61.73M |
OneConnect Financial Technology Co., Ltd. (OCFT) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -228.69M | -489.24M | -1.82B | -704.14M | -404.33M | -745.98M | -648.46M | -276.85M | -276.85M |
| Operating CF Margin % | -39.3% | -34.61% | -78.07% | -21.26% | -9.78% | -16.71% | -17.68% | -12.31% | - |
| Operating CF Growth % | - | -113.93% | -271.49% | 61.26% | 42.58% | -84.5% | 13.07% | 57.31% | 38.1% |
| Net Income | -976.63M | -1.16B | -1.76B | -1.55B | -1.44B | -990.17M | -362.71M | -39.84M | -677.19M |
| Depreciation & Amortization | 287.55M | 354.03M | 459.86M | 421.23M | 438.75M | 281.43M | 201.34M | 106.9M | 40.33M |
| Stock-Based Compensation | 376K | 7.75M | 76.36M | 89.65M | 25.41M | 13.36M | 14.5M | 1.16M | -4.46M |
| Deferred Taxes | -8.69M | 188.71M | 133.69M | 136.95M | 88.68M | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 85.59M | 56.42M | 62.62M | 69.46M | 51.76M | 29.32M | 12.55M | -121.32M | 423.15M |
| Working Capital Changes | 383.12M | 67.67M | -787.55M | 129.81M | 433.68M | -79.92M | -514.13M | -223.74M | 0 |
| Change in Receivables | -15.82M | -218.29M | -445.57M | -206.37M | -123.37M | -63.88M | 185.75M | 206.32M | 0 |
| Change in Inventory | -142.85M | 115.76M | 12.47M | -559.93M | -934.39M | 0 | 0 | 0 | 0 |
| Change in Payables | 515.59M | 130.6M | -350.27M | 451.69M | 530.1M | 106.95M | -817.51M | -785.34M | 0 |
| Cash from Investing | -126.84M | -5.81B | 570.84M | 1.32B | 388.44M | 1.87B | 318.63M | 1.11B | -707.43M |
| Capital Expenditures | -17.99M | -459.81M | -314.46M | -265.18M | -128.02M | -67.94M | -5.98M | 0 | -3.54M |
| CapEx % of Revenue | 3.09% | 32.53% | 13.51% | 8.01% | 3.1% | 1.52% | 0.16% | 1.22% | - |
| Acquisitions | -40M | -165.02M | -375.11M | -62.04M | -11.06M | 0 | 196.65M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 21.57M | -3.51B | 764.11M | 1.16B | 1.22B | 960.21M | 192.01M | 1.11B | -703.89M |
| Cash from Financing | 1.13B | 6B | 1.75B | 1.53B | -1.61B | -694.07M | -213.6M | -282.25M | -168.02M |
| Debt Issued (Net) | 449.57M | 1.73B | -259.31M | -1.02B | -1.56B | -600.16M | -98.92M | -271.26M | 0 |
| Equity Issued (Net) | 1000K | 0 | 0 | 1000K | 0 | -1000K | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -74.99M | 0 | 0 | 0 |
| Other Financing | 244.31M | 4.27B | 2.01B | -167.39M | -51.6M | -18.91M | -114.68M | -10.99M | -168.02M |
| Net Change in Cash | 769.61M▲ 0% | -282.74M▼ 136.7% | 512.85M▲ 281.4% | 1.98B▲ 285.6% | -1.66B▼ 183.7% | 508.41M▲ 130.7% | -528.3M▼ 203.9% | 568.45M▲ 207.6% | -1.05B▲ 0% |
| Free Cash Flow | -246.67M▲ 0% | -949.04M▼ 284.7% | -2.13B▼ 124.6% | -969.33M▲ 54.5% | -532.35M▲ 45.1% | -813.93M▼ 52.9% | -685.93M▲ 15.7% | -304.27M▲ 55.6% | -192.19M▲ 0% |
| FCF Margin % | -42.39% | -67.14% | -91.58% | -29.26% | -12.88% | -18.23% | -18.7% | -13.53% | -11.77% |
| FCF Growth % | - | -284.74% | -124.64% | 54.53% | 45.08% | -52.89% | 15.73% | 55.64% | 40.55% |
| FCF per Share | -11.03 | -30.82 | -68.09 | -27.31 | -14.41 | -22.30 | -18.89 | -8.38 | -8.38 |
| FCF Conversion (FCF/Net Income) | 0.38x | 0.41x | 1.08x | 0.52x | 0.32x | 0.86x | 1.79x | 0.60x | 0.28x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
OneConnect Financial Technology Co., Ltd. (OCFT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -63% | -40.41% | -27.61% | -28.11% | -24.53% | -11.65% | -16.86% | -28.12% |
| Return on Invested Capital (ROIC) | -22.62% | -18.54% | -19.5% | -26.16% | -28.07% | -14.67% | -18.03% | -18.03% |
| Gross Margin | 27.49% | 32.94% | 37.54% | 34.77% | 36.63% | 36.79% | 35.79% | 29.87% |
| Net Margin | -84.59% | -72.49% | -40.87% | -31.02% | -19.54% | -9.89% | -20.45% | -41.46% |
| Debt / Equity | 0.91x | 0.71x | 0.46x | 0.25x | 0.14x | 0.12x | 0.02x | 0.02x |
| Interest Coverage | -6.94x | -9.47x | -9.78x | -18.33x | -26.41x | -19.29x | -24.44x | -38.58x |
| FCF Conversion | 0.41x | 1.08x | 0.52x | 0.32x | 0.86x | 1.79x | 0.60x | 0.28x |
| Revenue Growth | 142.9% | 64.69% | 42.29% | 24.76% | 8.03% | -17.84% | -38.7% | -48.7% |
OneConnect Financial Technology Co., Ltd. (OCFT) stock FAQ — growth, dividends, profitability & financials explained
OneConnect Financial Technology Co., Ltd. (OCFT) reported $1.63B in revenue for fiscal year 2024. This represents a 181% increase from $581.9M in 2017.
OneConnect Financial Technology Co., Ltd. (OCFT) saw revenue decline by 38.7% over the past year.
OneConnect Financial Technology Co., Ltd. (OCFT) reported a net loss of $677.2M for fiscal year 2024.
OneConnect Financial Technology Co., Ltd. (OCFT) has a return on equity (ROE) of -16.9%. Negative ROE indicates the company is unprofitable.
OneConnect Financial Technology Co., Ltd. (OCFT) had negative free cash flow of $192.2M in fiscal year 2024, likely due to heavy capital investments.
OneConnect Financial Technology Co., Ltd. (OCFT) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates