Oneconnect Financial Technology Stock Piotroski F Score

OCFT Stock  USD 2.31  0.09  4.05%   
This module uses fundamental data of Oneconnect Financial to approximate its Piotroski F score. Oneconnect Financial F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Oneconnect Financial Technology. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Oneconnect Financial financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Oneconnect Financial Altman Z Score, Oneconnect Financial Correlation, Oneconnect Financial Valuation, as well as analyze Oneconnect Financial Alpha and Beta and Oneconnect Financial Hype Analysis.
  
At this time, Oneconnect Financial's Long Term Debt Total is comparatively stable compared to the past year. Net Debt To EBITDA is likely to gain to 7.62 in 2024, whereas Short and Long Term Debt is likely to drop slightly above 290.8 M in 2024. At this time, Oneconnect Financial's Receivables Turnover is comparatively stable compared to the past year. Debt To Equity is likely to gain to 0.11 in 2024, whereas Free Cash Flow Yield is likely to drop (0.03) in 2024.
At this time, it appears that Oneconnect Financial's Piotroski F Score is Very Weak. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
1.0
Piotroski F Score - Very Weak
Current Return On Assets

Negative

Focus
Change in Return on Assets

Decreased

Focus
Cash Flow Return on Assets

Negative

Focus
Current Quality of Earnings (accrual)

Decreasing

Focus
Asset Turnover Growth

Decrease

Focus
Current Ratio Change

Decrease

Focus
Long Term Debt Over Assets Change

N/A

Focus
Change In Outstending Shares

Increase

Focus
Change in Gross Margin

No Change

Focus

Oneconnect Financial Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Oneconnect Financial is to make sure Oneconnect is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Oneconnect Financial's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Oneconnect Financial's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.260.4546
Way Down
Slightly volatile
Gross Profit Margin0.260.3679
Way Down
Slightly volatile
Total Current Liabilities5.3 B5.1 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total45.1 M47.5 M
Notably Down
Very volatile
Total Assets9.4 B8.1 B
Fairly Up
Slightly volatile
Total Current Assets7.1 B5.4 B
Significantly Up
Slightly volatile

Oneconnect Financial F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Oneconnect Financial's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Oneconnect Financial in a much-optimized way.

About Oneconnect Financial Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Book Value Per Share

2.57

At this time, Oneconnect Financial's Book Value Per Share is comparatively stable compared to the past year.

Oneconnect Financial Current Valuation Drivers

We derive many important indicators used in calculating different scores of Oneconnect Financial from analyzing Oneconnect Financial's financial statements. These drivers represent accounts that assess Oneconnect Financial's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Oneconnect Financial's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap21.9B45.6B5.8B1.3B25.0B23.3B
Enterprise Value24.0B44.9B5.2B(225.3M)24.0B23.6B

Oneconnect Financial ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Oneconnect Financial's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Oneconnect Financial's managers, analysts, and investors.
Environmental
Governance
Social

About Oneconnect Financial Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Oneconnect Financial Technology's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Oneconnect Financial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Oneconnect Financial Technology based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Thematic Opportunities

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Additional Tools for Oneconnect Stock Analysis

When running Oneconnect Financial's price analysis, check to measure Oneconnect Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Oneconnect Financial is operating at the current time. Most of Oneconnect Financial's value examination focuses on studying past and present price action to predict the probability of Oneconnect Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oneconnect Financial's price. Additionally, you may evaluate how the addition of Oneconnect Financial to your portfolios can decrease your overall portfolio volatility.