Comparing Provident Acquisition (PAQC) & The Competition

Provident Acquisition (NASDAQ:PAQC – Get Rating) is one of 682 publicly-traded companies in the “Holding & other investment offices” industry, but how does it compare to its rivals? We will compare Provident Acquisition to similar companies based on the strength of its risk, dividends, profitability, valuation, institutional ownership, analyst recommendations and earnings.

Profitability

This table compares Provident Acquisition and its rivals’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Provident Acquisition	N/A	-63.00%	5.48%
Provident Acquisition Competitors	49.62%	-28.80%	2.69%

Earnings and Valuation

This table compares Provident Acquisition and its rivals gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Provident Acquisition	N/A	$10.60 million	8.36
Provident Acquisition Competitors	$1.22 billion	$61.54 million	-16.57

Provident Acquisition’s rivals have higher revenue and earnings than Provident Acquisition. Provident Acquisition is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.

Analyst Ratings

This is a breakdown of current ratings for Provident Acquisition and its rivals, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Provident Acquisition	0	0	0	0	N/A
Provident Acquisition Competitors	172	672	953	20	2.45

As a group, “Holding & other investment offices” companies have a potential upside of 69.47%. Given Provident Acquisition’s rivals higher probable upside, analysts clearly believe Provident Acquisition has less favorable growth aspects than its rivals.

Institutional & Insider Ownership

64.9% of Provident Acquisition shares are held by institutional investors. Comparatively, 50.7% of shares of all “Holding & other investment offices” companies are held by institutional investors. 23.4% of shares of all “Holding & other investment offices” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Summary

Provident Acquisition rivals beat Provident Acquisition on 6 of the 9 factors compared.

Provident Acquisition Company Profile (Get Rating)

Provident Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Central, Hong Kong.