Latest Ratios: P/E Ratio -0.6x · EV/EBITDA N/A · ROE -16.9%. (2017–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $308M | $88M | $117M | $194M | $912M | $7.0B | $3.1B | — | — |
| Enterprise Value | $-1596652089 | $-1816100292 | $-904831585 | $-1380390604 | $328M | $6.2B | $5.3B | — | — |
| P/E Ratio → | -0.63 | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.14 | 0.04 | 0.03 | 0.04 | 0.22 | 2.11 | 1.35 | — | — |
| P/B Ratio | 0.11 | 0.04 | 0.04 | 0.06 | 0.24 | 1.32 | 0.69 | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | -0.81 | -0.25 | -0.31 | 0.08 | 1.88 | 2.27 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.8% | 35.8% | 36.8% | 36.6% | 34.8% | 37.5% | 32.9% | 27.5% | 17.1% |
| Operating Margin | -13.5% | -13.5% | -10.0% | -22.0% | -34.0% | -44.4% | -71.1% | -78.8% | -153.0% |
| Net Profit Margin | -20.4% | -20.4% | -9.9% | -19.5% | -31.0% | -40.9% | -72.5% | -84.6% | -104.3% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -16.9% | -16.9% | -11.7% | -24.5% | -28.1% | -27.6% | -40.4% | -63.0% | — |
| ROA | -7.6% | -7.6% | -4.3% | -9.6% | -12.7% | -13.0% | -17.5% | -19.3% | -20.1% |
| ROIC | -18.0% | -18.0% | -14.7% | -28.1% | -26.2% | -19.5% | -18.5% | -22.6% | -101.9% |
| ROCE | -11.0% | -11.0% | -11.5% | -25.8% | -28.4% | -27.5% | -35.8% | -50.5% | -577.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.02 | 0.02 | 0.12 | 0.14 | 0.25 | 0.46 | 0.71 | 0.91 | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.76 | -0.35 | -0.48 | -0.15 | -0.15 | 0.47 | 0.76 | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -24.44 | -24.44 | -19.29 | -26.41 | -18.33 | -9.78 | -9.47 | -6.94 | -10.40 |
Net cash position: cash ($1.9B) exceeds total debt ($44M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.36 | 2.36 | 1.06 | 1.17 | 1.34 | 1.73 | 1.55 | 1.53 | 0.72 |
| Quick Ratio | 2.36 | 2.36 | 1.06 | 1.30 | 1.19 | 1.72 | 1.51 | 1.47 | 0.61 |
| Cash Ratio | 1.67 | 1.67 | 0.62 | 0.70 | 0.77 | 0.99 | 0.56 | 0.61 | 0.60 |
| Asset Turnover | — | 0.57 | 0.45 | 0.50 | 0.44 | 0.30 | 0.23 | 0.15 | 0.19 |
| Inventory Turnover | 3.60 | — | — | — | 3.60 | 52.23 | 8.81 | 3.04 | 1.56 |
| Days Sales Outstanding | — | 146.46 | 80.57 | 86.97 | 153.35 | 124.61 | 181.77 | 162.03 | 27.09 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 38.7% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 38.7% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $36M | $36M | $36M | $37M | $35M | $31M | $31M | $22M |
Structural Revenue Decay
According to recent market data, OCFT trades at a price-to-sales ratio of 0.14, which, when compared to historical averages and peer multiples, suggests that investors are heavily discounting the company's future revenue potential due to the persistent 38.7% year-over-year decline in top-line performance.
The extremely low P/S multiple indicates that the market is essentially valuing the company as a liquidation play rather than a growth-oriented software entity. This valuation gap warrants investigation into whether the current price floor is supported by the underlying cash position or if the market expects further erosion of the core business model.
As reported in financial statements, OCFT's ROIC has remained consistently negative over the last ten quarters, reaching -2.1% in 2025Q2, which highlights a structural inability to generate returns on invested capital that exceed the cost of maintaining its complex, high-fixed-cost software infrastructure.
The persistent negative ROIC suggests that the company's capital allocation strategy has failed to create value, as the returns on its R&D and platform investments are consistently outweighed by operational losses. Investors should monitor whether management can pivot toward a more capital-efficient model, as the current trend indicates a decay in the firm's long-term compounding potential.
Based on reported figures, the company's asset turnover ratio has stagnated at approximately 0.12 in 2025Q2, reflecting a significant decline in the efficiency with which OCFT utilizes its asset base to generate revenue compared to its historical performance in previous fiscal years.
The elevated DSO, which reached 756 days in 2025Q2, suggests severe friction in the company's ability to convert service delivery into actual cash inflows. This inefficiency implies that the firm may be facing significant collection challenges or is forced to offer extended payment terms to retain its remaining client base.
The price-to-book ratio of 0.11 is frequently misapplied to OCFT, as it obscures the reality that the company's book value is heavily comprised of intangible assets and cash that may not be readily accessible or productive in the current, shrinking operational environment.
Investors should instead focus on the cash-burn rate relative to the remaining liquid assets, as the P/B ratio fails to account for the rapid depletion of the balance sheet. Relying on book value as a floor for valuation is misleading when the core business is experiencing structural revenue decay and persistent negative margins.
Includes 30+ ratios · 8 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying OCFT stock.
OneConnect Financial Technology Co., Ltd.'s current P/E ratio is -0.6x. This places it at the 50th percentile of its historical range.
OneConnect Financial Technology Co., Ltd.'s return on equity (ROE) is -16.9%. The historical average is -30.3%.
Based on historical data, OneConnect Financial Technology Co., Ltd. is trading at a P/E of -0.6x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
OneConnect Financial Technology Co., Ltd. has 35.8% gross margin and -13.5% operating margin.