Ontex Financial Statements From 2010 to 2024
| ONTEX Stock | EUR 7.64 0.07 0.92% |
Check Ontex Group financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ontex Group's main balance sheet or income statement drivers, such as , as well as many indicators such as . Ontex financial statements analysis is a perfect complement when working with Ontex Group Valuation or Volatility modules.
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Ontex Group NV Company Return On Equity Analysis
Ontex Group's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Ontex Group Return On Equity | -0.16 |
Most of Ontex Group's fundamental indicators, such as Return On Equity, 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, Ontex Group NV is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Based on the latest financial disclosure, Ontex Group NV has a Return On Equity of -0.1591. This is 106.03% lower than that of the Personal Products sector and 101.08% lower than that of the Consumer Staples industry. The return on equity for all Belgium stocks is 48.68% lower than that of the firm.
Ontex Group NV Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Ontex Group's current stock value. Our valuation model uses many indicators to compare Ontex Group value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Ontex Group competition to find correlations between indicators driving Ontex Group's intrinsic value. More Info.Ontex Group NV is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Ontex Group by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Ontex Group'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 Ontex Group Financial Statements
Ontex Group stakeholders use historical fundamental indicators, such as Ontex Group's revenue or net income, to determine how well the company is positioned to perform in the future. Although Ontex Group investors may analyze each financial statement separately, they are all interrelated. For example, changes in Ontex Group's assets and liabilities are reflected in the revenues and expenses on Ontex Group'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 Ontex Group NV. Please read more on our technical analysis and fundamental analysis pages.
Ontex Group NV manufactures and sells personal hygiene solutions for baby, feminine, and adult care in Western Europe, Eastern Europe, the Americas, and internationally. Ontex Group NV was founded in 1979 and is headquartered in Erembodegem, Belgium. ONTEX GROUP operates under Household Consumables Manufacturers classification in Belgium and is traded on Brussels Stock Exchange. It employs 10750 people.
Pair Trading with Ontex Group
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 Ontex Group 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 Ontex Group will appreciate offsetting losses from the drop in the long position's value.Moving together with Ontex Stock
Moving against Ontex Stock
The ability to find closely correlated positions to Ontex Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ontex Group 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 Ontex Group - 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 Ontex Group NV to buy it.
The correlation of Ontex Group 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 Ontex Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ontex Group NV 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 Ontex Group 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 Ontex Stock
Ontex Group financial ratios help investors to determine whether Ontex 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 Ontex with respect to the benefits of owning Ontex Group security.