Reviewing Provident Acquisition (PAQC) and Its Peers

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

Valuation & Earnings

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

Analyst Ratings

This is a summary of recent ratings and recommmendations for Provident Acquisition and its peers, 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	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 peers higher possible upside, analysts clearly believe Provident Acquisition has less favorable growth aspects than its peers.

Profitability

This table compares Provident Acquisition and its peers’ 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%

Insider and Institutional Ownership

64.9% of Provident Acquisition shares are held by institutional investors. Comparatively, 53.9% of shares of all “Holding & other investment offices” companies are held by institutional investors. 19.2% 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 company will outperform the market over the long term.

Summary

Provident Acquisition peers 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.