Tung Financial Statements From 2010 to 2024
| 3552 Stock | TWD 98.50 1.50 1.50% |
Check Tung Thih financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Tung Thih's main balance sheet or income statement drivers, such as , as well as many indicators such as . Tung financial statements analysis is a perfect complement when working with Tung Thih Valuation or Volatility modules.
Tung |
Tung Thih Electronic Company Current Valuation Analysis
Tung Thih'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 Tung Thih Current Valuation | 15.4 B |
Most of Tung Thih'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, Tung Thih Electronic 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, Tung Thih Electronic has a Current Valuation of 15.4 B. This is 14.95% lower than that of the Consumer Cyclical sector and 279.38% higher than that of the Auto Parts industry. The current valuation for all Taiwan stocks is 7.39% higher than that of the company.
Tung Thih Electronic Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Tung Thih's current stock value. Our valuation model uses many indicators to compare Tung Thih value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Tung Thih competition to find correlations between indicators driving Tung Thih's intrinsic value. More Info.Tung Thih Electronic 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 Tung Thih Electronic is roughly 3.52 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Tung Thih's earnings, one of the primary drivers of an investment's value.About Tung Thih Financial Statements
Tung Thih investors use historical fundamental indicators, such as Tung Thih's revenue or net income, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Tung Thih. Please read more on our technical analysis and fundamental analysis pages.
Tung Thih Electronic Co., Ltd. manufactures and supplies automotive electronics worldwide. The company was founded in 1979 and is based in Taoyuan City, Taiwan. TUNG THIH is traded on Taiwan OTC Exchange in Taiwan.
Pair Trading with Tung Thih
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 Tung Thih 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 Tung Thih will appreciate offsetting losses from the drop in the long position's value.Moving together with Tung Stock
Moving against Tung Stock
| 0.8 | 6291 | Analog Integrations | PairCorr |
| 0.64 | 5274 | Aspeed Technology | PairCorr |
| 0.6 | 6605 | Depo Auto Parts | PairCorr |
| 0.58 | 2106 | Kenda Rubber Industrial | PairCorr |
| 0.43 | 8255 | Actron Technology | PairCorr |
The ability to find closely correlated positions to Tung Thih could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tung Thih 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 Tung Thih - 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 Tung Thih Electronic to buy it.
The correlation of Tung Thih 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 Tung Thih moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tung Thih Electronic 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 Tung Thih 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.Additional Tools for Tung Stock Analysis
When running Tung Thih's price analysis, check to measure Tung Thih's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tung Thih is operating at the current time. Most of Tung Thih's value examination focuses on studying past and present price action to predict the probability of Tung Thih's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tung Thih's price. Additionally, you may evaluate how the addition of Tung Thih to your portfolios can decrease your overall portfolio volatility.