Oneconnect Financial Technology Co
OneConnect Financial Technology Co., Ltd. provides cloud-platform-based Fintech solutions, and online information and operating support services for financial institutions in the People's Republic of China. The company offers Gamma Platform, which offers a toolbox of separate solution modules that provide technology infrastructure and underlying technologies; marketing management platform, develo… Read more
Oneconnect Financial Technology Co (OCFT) - Net Assets
Latest net assets as of June 2025: $2.41 Billion USD
Based on the latest financial reports, Oneconnect Financial Technology Co (OCFT) has net assets worth $2.41 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.73 Billion) and total liabilities ($1.32 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.41 Billion |
| % of Total Assets | 64.6% |
| Annual Growth Rate | N/A |
| 5-Year Change | -52.62% |
| 10-Year Change | N/A |
| Growth Volatility | 16.98 |
Oneconnect Financial Technology Co - Net Assets Trend (2017–2024)
This chart illustrates how Oneconnect Financial Technology Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Oneconnect Financial Technology Co (2017–2024)
The table below shows the annual net assets of Oneconnect Financial Technology Co from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.50 Billion | -15.06% |
| 2023-12-31 | $2.95 Billion | -10.07% |
| 2022-12-31 | $3.28 Billion | -14.52% |
| 2021-12-31 | $3.84 Billion | -27.44% |
| 2020-12-31 | $5.29 Billion | +16.92% |
| 2019-12-31 | $4.52 Billion | +18.00% |
| 2018-12-31 | $3.83 Billion | +11082.36% |
| 2017-12-31 | $-34.88 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Oneconnect Financial Technology Co's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 718625100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $78.00K | 0.00% |
| Other Comprehensive Income | $1.19 Billion | 46.47% |
| Other Components | $9.70 Billion | 379.25% |
| Total Equity | $2.56 Billion | 100.00% |
Oneconnect Financial Technology Co Competitors by Market Cap
The table below lists competitors of Oneconnect Financial Technology Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kenmare Resources plc
PINK:KMRPF
|
$308.63 Million |
|
Shandong Rike Chemical
SHE:300214
|
$308.68 Million |
|
Dahu Aquaculture Co Ltd
SHG:600257
|
$308.71 Million |
|
Martinrea International Inc
PINK:MRETF
|
$308.73 Million |
|
Garware Technical Fibres Limited
NSE:GARFIBRES
|
$308.25 Million |
|
Xinjiang Ba Yi Iron & Steel Co Ltd
SHG:600581
|
$308.15 Million |
|
Shenzhen AV-Display Co. Ltd.
SHE:300939
|
$308.13 Million |
|
Cia de Ferro Ligas da Bahia - FERBASA
SA:FESA3
|
$308.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Oneconnect Financial Technology Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,966,771,000 to 2,558,452,000, a change of -408,319,000 (-13.8%).
- Net loss of 459,677,000 reduced equity.
- Other comprehensive income decreased equity by 24,356,000.
- Other factors increased equity by 75,714,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-459.68 Million | -17.97% |
| Other Comprehensive Income | $-24.36 Million | -0.95% |
| Other Changes | $75.71 Million | +2.96% |
| Total Change | $- | -13.76% |
Book Value vs Market Value Analysis
This analysis compares Oneconnect Financial Technology Co's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.11x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $-1.56 | $7.89 | x |
| 2018-12-31 | $120.84 | $7.89 | x |
| 2019-12-31 | $139.58 | $7.89 | x |
| 2020-12-31 | $146.39 | $7.89 | x |
| 2021-12-31 | $102.70 | $7.89 | x |
| 2022-12-31 | $89.40 | $7.89 | x |
| 2023-12-31 | $81.69 | $7.89 | x |
| 2024-12-31 | $70.44 | $7.89 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Oneconnect Financial Technology Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -17.97%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -20.45%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 1.55x
- Recent ROE (-17.97%) is above the historical average (-23.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.00% | -104.30% | 0.19x | 0.00x | $-603.47 Million |
| 2018 | -32.14% | -84.59% | 0.15x | 2.52x | $-1.57 Billion |
| 2019 | -38.61% | -72.49% | 0.23x | 2.27x | $-2.12 Billion |
| 2020 | -26.05% | -40.87% | 0.30x | 2.10x | $-1.87 Billion |
| 2021 | -33.78% | -31.02% | 0.44x | 2.46x | $-1.66 Billion |
| 2022 | -26.49% | -19.54% | 0.50x | 2.70x | $-1.20 Billion |
| 2023 | -12.23% | -9.89% | 0.45x | 2.72x | $-659.39 Million |
| 2024 | -17.97% | -20.45% | 0.57x | 1.55x | $-715.52 Million |
Industry Comparison
This section compares Oneconnect Financial Technology Co's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,558,090,989
- Average return on equity (ROE) among peers: -47.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Oneconnect Financial Technology Co (OCFT) | $2.41 Billion | 0.00% | 0.55x | $308.62 Million |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $2.15 Million | -4.58% | 1.86x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $6.67 Billion | 12.49% | 0.51x | $104.01 Billion |
| Adcore Inc (ADCOF) | $9.73 Million | -22.96% | 0.49x | $3.03 Million |
| ADEIA CORP (ADEA) | $618.15 Million | -0.05% | 1.00x | $2.50 Billion |
| Automatic Data Processing Inc (ADP) | $6.19 Billion | 22.71% | 4.21x | $84.26 Billion |
| Autodesk Inc (ADSK) | $2.04 Billion | 12.11% | 1.11x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $445.50K | -270.60% | 3.60x | $0.93 |
| AudioEye Inc (AEYE) | $10.59 Million | -98.53% | 1.31x | $49.31 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.97 |