Te Chang Construction Stock Debt To Equity
| 5511 Stock | TWD 61.80 0.50 0.80% |
Te Chang Construction fundamentals help investors to digest information that contributes to Te Chang's financial success or failures. It also enables traders to predict the movement of 5511 Stock. The fundamental analysis module provides a way to measure Te Chang's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Te Chang stock.
5511 |
Te Chang Construction Company Debt To Equity Analysis
Te Chang's Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.
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According to the company disclosure, Te Chang Construction has a Debt To Equity of 0.0%. This is 100.0% lower than that of the Industrials sector and 100.0% lower than that of the Engineering & Construction industry. The debt to equity for all Taiwan stocks is 100.0% higher than that of the company.
5511 Debt To Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Te Chang's direct or indirect competition against its Debt To Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Te Chang could also be used in its relative valuation, which is a method of valuing Te Chang by comparing valuation metrics of similar companies.Te Chang is currently under evaluation in debt to equity category among its peers.
5511 Fundamentals
| Return On Equity | 0.11 | |||
| Return On Asset | 0.0369 | |||
| Profit Margin | 0.06 % | |||
| Operating Margin | 0.08 % | |||
| Current Valuation | 946.85 M | |||
| Shares Outstanding | 113.44 M | |||
| Shares Owned By Insiders | 47.90 % | |||
| Shares Owned By Institutions | 0.81 % | |||
| Price To Book | 0.74 X | |||
| Price To Sales | 0.42 X | |||
| Revenue | 6.16 B | |||
| Gross Profit | 842.68 M | |||
| EBITDA | 658.96 M | |||
| Net Income | 470.69 M | |||
| Total Debt | 997.78 M | |||
| Book Value Per Share | 41.59 X | |||
| Cash Flow From Operations | (77.01 M) | |||
| Earnings Per Share | 4.52 X | |||
| Number Of Employees | 13 | |||
| Beta | 0.36 | |||
| Market Capitalization | 3.52 B | |||
| Total Asset | 12.36 B | |||
| Z Score | 1.8 | |||
| Annual Yield | 0.06 % | |||
| Net Asset | 12.36 B | |||
| Last Dividend Paid | 2.0 |
About Te Chang Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Te Chang Construction's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Te Chang using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Te Chang Construction based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Te Chang
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 Te Chang 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 Te Chang will appreciate offsetting losses from the drop in the long position's value.Moving together with 5511 Stock
Moving against 5511 Stock
| 0.73 | 9933 | CTCI Corp | PairCorr |
| 0.61 | 2072 | Century Wind Power | PairCorr |
| 0.55 | 2515 | BES Engineering | PairCorr |
| 0.46 | 2409 | AU Optronics | PairCorr |
| 0.39 | 9945 | Ruentex Development | PairCorr |
The ability to find closely correlated positions to Te Chang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Te Chang 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 Te Chang - 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 Te Chang Construction to buy it.
The correlation of Te Chang 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 Te Chang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Te Chang Construction 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 Te Chang 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 5511 Stock Analysis
When running Te Chang's price analysis, check to measure Te Chang'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 Te Chang is operating at the current time. Most of Te Chang's value examination focuses on studying past and present price action to predict the probability of Te Chang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Te Chang's price. Additionally, you may evaluate how the addition of Te Chang to your portfolios can decrease your overall portfolio volatility.