Provident Acquisition (PAQC) versus Its Competitors Head-To-Head Comparison

Provident Acquisition (NASDAQ:PAQC – Get Rating) is one of 681 public companies in the “Holding & other investment offices” industry, but how does it contrast to its rivals? We will compare Provident Acquisition to similar businesses based on the strength of its institutional ownership, profitability, dividends, analyst recommendations, valuation, risk and earnings.

Analyst Ratings

This is a summary of current ratings and recommmendations for Provident Acquisition and its rivals, as reported 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	173	678	956	20	2.45

As a group, “Holding & other investment offices” companies have a potential upside of 74.89%. Given Provident Acquisition’s rivals higher possible upside, analysts clearly believe Provident Acquisition has less favorable growth aspects than its rivals.

Valuation and Earnings

This table compares Provident Acquisition and its rivals revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Provident Acquisition	N/A	$10.60 million	8.36
Provident Acquisition Competitors	$1.23 billion	$71.90 million	-17.47

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.

Insider and Institutional Ownership

64.9% of Provident Acquisition shares are owned by institutional investors. Comparatively, 53.9% of shares of all “Holding & other investment offices” companies are owned by institutional investors. 19.2% of shares of all “Holding & other investment offices” companies are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

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%

Summary

Provident Acquisition rivals 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.