Head to Head Analysis: Provident Acquisition (PAQC) vs. Its Peers

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

Institutional & Insider 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 company 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 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%

Analyst Recommendations

This is a breakdown of current recommendations and price targets for Provident Acquisition and its competitors, 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	174	678	956	20	2.45

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

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	$1.23 billion	$71.90 million	-17.47

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.

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.