Fortrea Holdings Financials
| FTRE Stock | 21.05 0.50 2.32% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Debt Equity Ratio | 0.74 | 0.83 |
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| Current Ratio | 1.26 | 1.615 |
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The financial analysis of Fortrea Holdings is a critical element in measuring its lifeblood. Investors should not minimize Fortrea Holdings' ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.
Net Income |
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Fortrea | Select Account or Indicator |
Understanding current and past Fortrea Holdings Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Fortrea Holdings' financial statements are interrelated, with each one affecting the others. For example, an increase in Fortrea Holdings' assets may result in an increase in income on the income statement.
Fortrea Holdings Earnings Geography
Please note, the presentation of Fortrea Holdings' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Fortrea Holdings' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Fortrea Holdings' management manipulating its earnings.
Fortrea Holdings Stock Summary
Fortrea Holdings competes with RBC Bearings, KVH Industries, Sphere Entertainment, Zedge, and Playtika Holding. Fortrea Holdings is entity of United States. It is traded as Stock on NASDAQ exchange.Specialization | Health Care, Pharmaceuticals, Biotechnology & Life Sciences |
| Instrument | USA Stock View All |
| Exchange | NASDAQ Exchange |
| ISIN | US34965K1079 |
| CUSIP | 34965K107 |
| Location | North Carolina; U.S.A |
| Business Address | 8 Moore Drive, |
| Sector | Life Sciences Tools & Services |
| Industry | Health Care |
| Benchmark | Dow Jones Industrial |
| Website | www.fortrea.com |
| Phone | 877 495 0816 |
Fortrea Holdings Key Financial Ratios
| Return On Equity | -0.14 | ||||
| Profit Margin | (0.10) % | ||||
| Operating Margin | (0.01) % | ||||
| Price To Sales | 0.65 X | ||||
| Revenue | 3.11 B |
Fortrea Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Fortrea Holdings's current stock value. Our valuation model uses many indicators to compare Fortrea Holdings value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Fortrea Holdings competition to find correlations between indicators driving Fortrea Holdings's intrinsic value. More Info.Fortrea Holdings is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset category among its peers . At present, Fortrea Holdings' Return On Equity is projected to slightly decrease based on the last few years of reporting. Comparative valuation analysis is a catch-all technique that is used if you cannot value Fortrea Holdings by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Fortrea Holdings Systematic Risk
Fortrea Holdings' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Fortrea Holdings volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Fortrea Holdings correlated with the market. If Beta is less than 0 Fortrea Holdings generally moves in the opposite direction as compared to the market. If Fortrea Holdings Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Fortrea Holdings is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Fortrea Holdings is generally in the same direction as the market. If Beta > 1 Fortrea Holdings moves generally in the same direction as, but more than the movement of the benchmark.
Fortrea Holdings Thematic Clasifications
Fortrea Holdings is part of Healthcare investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Healthcare industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
This theme covers USA Equities from Healthcare industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
| Healthcare | View |
Today, most investors in Fortrea Holdings Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Fortrea Holdings' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Fortrea Holdings growth as a starting point in their analysis.
Price Earnings To Growth Ratio |
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Fortrea Holdings December 1, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Fortrea Holdings help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Fortrea Holdings. We use our internally-developed statistical techniques to arrive at the intrinsic value of Fortrea Holdings based on widely used predictive technical indicators. In general, we focus on analyzing Fortrea Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Fortrea Holdings's daily price indicators and compare them against related drivers.
| Downside Deviation | 3.83 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 35.27 | |||
| Value At Risk | (5.86) | |||
| Potential Upside | 4.16 |
Complementary Tools for Fortrea Stock analysis
When running Fortrea Holdings' price analysis, check to measure Fortrea Holdings' 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 Fortrea Holdings is operating at the current time. Most of Fortrea Holdings' value examination focuses on studying past and present price action to predict the probability of Fortrea Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortrea Holdings' price. Additionally, you may evaluate how the addition of Fortrea Holdings to your portfolios can decrease your overall portfolio volatility.
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