Korean Financial Statements From 2010 to 2024
| 003490 Stock | 25,250 1,050 4.34% |
Check Korean Air financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Korean Air's main balance sheet or income statement drivers, such as , as well as many indicators such as . Korean financial statements analysis is a perfect complement when working with Korean Air Valuation or Volatility modules.
Korean |
Korean Air Lines Company Current Valuation Analysis
Korean Air's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Korean Air Current Valuation | 16.25 T |
Most of Korean Air's fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Korean Air Lines is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Korean Air Lines has a Current Valuation of 16.25 T. This is much higher than that of the Airlines sector and significantly higher than that of the Industrials industry. The current valuation for all Republic of Korea stocks is significantly lower than that of the firm.
Korean Air Lines Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Korean Air's current stock value. Our valuation model uses many indicators to compare Korean Air value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Korean Air competition to find correlations between indicators driving Korean Air's intrinsic value. More Info.Korean Air Lines is number one stock in return on equity category among its peers. It also is number one stock in return on asset category among its peers reporting about 0.28 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Korean Air Lines is roughly 3.56 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Korean Air by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Korean Air's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Korean Air Financial Statements
Korean Air stakeholders use historical fundamental indicators, such as Korean Air's revenue or net income, to determine how well the company is positioned to perform in the future. Although Korean Air investors may analyze each financial statement separately, they are all interrelated. For example, changes in Korean Air's assets and liabilities are reflected in the revenues and expenses on Korean Air's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Korean Air Lines. Please read more on our technical analysis and fundamental analysis pages.
Pair Trading with Korean Air
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Korean Air position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Korean Air will appreciate offsetting losses from the drop in the long position's value.Moving against Korean Stock
| 0.79 | 222800 | SIMMTECH | PairCorr |
| 0.6 | 950130 | Access Bio | PairCorr |
| 0.36 | 124560 | Taewoong Logistics CoLtd | PairCorr |
The ability to find closely correlated positions to Korean Air could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Korean Air when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Korean Air - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Korean Air Lines to buy it.
The correlation of Korean Air is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Korean Air moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Korean Air Lines moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Korean Air can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Korean Stock
Korean Air financial ratios help investors to determine whether Korean Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Korean with respect to the benefits of owning Korean Air security.