Face to face Contrast: Acquisition of pension provision (PAQC) and the competition
Provident Acquisition (NASDAQ:PAQC – Get Rating) is one of 682 publicly traded companies in the Holdings and Other Investment Offices sector, but how does it stand out from its peers? We will compare Provident Acquisition to similar companies based on valuation strength, dividends, risk, earnings, analyst recommendations, institutional ownership and profitability.
Valuation and benefits
This table compares the revenue, earnings per share (EPS), and valuation of Provident Acquisition and its peers.
| Gross revenue | Net revenue | Price/earnings ratio | |
| Pension acquisition | N / A | $10.60 million | 8.36 |
| Foresight Acquisition Competitors | $1.22 billion | $61.54 million | -18.46 |
Provident Acquisition peers have higher revenue and profit than Provident Acquisition. Provident Acquisition trades at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.
Profitability
This table compares the net margins, return on equity and return on assets of Provident Acquisition and its peers.
| Net margins | Return on equity | return on assets | |
| Pension acquisition | N / A | -63.00% | 5.48% |
| Foresight Acquisition Competitors | 49.62% | -28.80% | 2.69% |
Institutional and insider ownership
64.9% of Provident Acquisition shares are held by institutional investors. Comparatively, 53.2% of the shares of all “Holding & other investment offices” companies are held by institutional investors. 19.2% of the shares of all “Holding & other investment offices” companies are held by company insiders. Strong institutional ownership indicates that large money managers, endowments, and hedge funds believe a company is poised for long-term growth.
Analyst Recommendations
This is a breakdown of current recommendations and price targets for Provident Acquisition and its peers, as reported by MarketBeat.com.
| Sales Ratings | Hold odds | Buy reviews | Strong buy odds | Rating | |
| Pension acquisition | 0 | 0 | 0 | 0 | N / A |
| Foresight Acquisition Competitors | 170 | 672 | 952 | 20 | 2.45 |
As a group, the companies “Holding & other investment offices” have an upside potential of 64.70%. Given that Provident Acquisition’s peers have higher upside potential, analysts clearly believe that Provident Acquisition has less favorable growth aspects than its peers.
Summary
Provident Acquisition’s peers beat Provident Acquisition on 6 of the 9 factors compared.
Provident Acquisition Company Profile (Get a rating)
Provident Acquisition Corp. has no significant activities. It intends to effect a merger, stock exchange, asset acquisition, stock 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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