Reviewing OneConnect Financial Technology (NYSE:OCFT) and Bitfarms (NASDAQ:BITF)

Bitfarms (NASDAQ:BITF – Get Rating) and OneConnect Financial Technology (NYSE:OCFT – Get Rating) are both small-cap business services companies, but which is the superior business? We will contrast the two businesses based on the strength of their valuation, profitability, dividends, analyst recommendations, earnings, institutional ownership and risk.

Profitability

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This table compares Bitfarms and OneConnect Financial Technology’s net margins, return on equity and return on assets.

Analyst Recommendations

This is a summary of current ratings and price targets for Bitfarms and OneConnect Financial Technology, as provided by MarketBeat.

Bitfarms presently has a consensus target price of $8.00, indicating a potential upside of 89.57%. OneConnect Financial Technology has a consensus target price of $9.50, indicating a potential upside of 479.27%. Given OneConnect Financial Technology’s higher probable upside, analysts plainly believe OneConnect Financial Technology is more favorable than Bitfarms.

Earnings and Valuation

This table compares Bitfarms and OneConnect Financial Technology’s gross revenue, earnings per share and valuation.

Bitfarms has higher earnings, but lower revenue than OneConnect Financial Technology. Bitfarms is trading at a lower price-to-earnings ratio than OneConnect Financial Technology, indicating that it is currently the more affordable of the two stocks.

Insider and Institutional Ownership

14.7% of Bitfarms shares are owned by institutional investors. Comparatively, 16.5% of OneConnect Financial Technology shares are owned by institutional investors. 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

Bitfarms beats OneConnect Financial Technology on 7 of the 11 factors compared between the two stocks.

Bitfarms Company Profile (Get Rating)

Bitfarms Ltd., a blockchain infrastructure company, mines for cryptocurrency coins and tokens in North America. The company owns and operates server farms comprising computers that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. It also provides electrician services to commercial and residential customers in Quebec, Canada. It also provides hosting of third-party mining hardware. The company was founded in 2017 and is headquartered in Toronto, Canada.

OneConnect Financial Technology Company Profile (Get Rating)

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. It offers digital retail banking, small and medium enterprises (SME) financing and services, retail and SME banking risk-management, auto insurance operations and services, asset management, asset-liability management, artificial intelligence customer service, core systems, and insurance sales management solutions. The company also operates Regtech, an end-to-end regulatory solution to help regulatory authorities automate and digitalize their operations; Gamma O, an open API platform-as-a-service for reusable financial technology components and integrations; and Blockchain network-as-a-service. In addition, it provides technology infrastructure, such as data management and cloud services. The company serves customers in the financial services industry, including banking, insurance, and asset management. OneConnect Financial Technology Co., Ltd. was founded in 2015 and is headquartered in Shenzhen, the People’s Republic of China. OneConnect Financial Technology Co., Ltd. has a strategic agreement with the Hainan Local Financial Supervision Administration to develop smart financial and smart supervision services in the island province of Hainan, as well as the financial sector in Hainan free trade port. OneConnect Financial Technology Co., Ltd. operates as a subsidiary of Ping An Insurance (Group) Company of China, Ltd.

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