Financial Analysis: Provident Acquisition (PAQC) vs. Its Peers

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

Analyst Recommendations

This is a breakdown of recent ratings and target prices for Provident Acquisition and its competitors, as provided by MarketBeat.com.

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 competitors higher probable upside, analysts plainly believe Provident Acquisition has less favorable growth aspects than its competitors.

Profitability

This table compares Provident Acquisition and its competitors’ 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 & Valuation

This table compares Provident Acquisition and its competitors top-line 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 competitors have higher revenue and earnings than Provident Acquisition. Provident Acquisition is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Institutional & Insider Ownership

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

Summary

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

About Provident Acquisition (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.

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