Ever Clear Environmental Eng Stock Current Valuation
| 6624 Stock | TWD 38.75 0.45 1.17% |
Valuation analysis of Ever Clear Environme helps investors to measure Ever Clear's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
Fairly Valued
Today
Please note that Ever Clear's price fluctuation is very steady at this time. Calculation of the real value of Ever Clear Environme is based on 3 months time horizon. Increasing Ever Clear's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
The fair value of the Ever stock is determined by what a typical buyer is willing to pay for full or partial control of Ever Clear Environmental Eng. Since Ever Clear is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Ever Stock. However, Ever Clear's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 38.75 | Real 38.47 | Hype 38.75 | Naive 39.21 |
The intrinsic value of Ever Clear's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Ever Clear's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Ever Clear Environmental Eng helps investors to forecast how Ever stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Ever Clear more accurately as focusing exclusively on Ever Clear's fundamentals will not take into account other important factors: Ever Clear Environmental Eng Company Current Valuation Analysis
Ever Clear'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.
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, Ever Clear Environmental Eng has a Current Valuation of 0.0. This is 100.0% lower than that of the Industrials sector and 100.0% lower than that of the Waste Management industry. The current valuation for all Taiwan stocks is 100.0% higher than that of the company.
Ever Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ever Clear's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Ever Clear could also be used in its relative valuation, which is a method of valuing Ever Clear by comparing valuation metrics of similar companies.Ever Clear is currently under evaluation in current valuation category among its peers.
Ever Fundamentals
| Price To Earning | 69.35 X | |||
| EBITDA | (4.88 M) | |||
| Net Income | (18.73 M) | |||
| Cash And Equivalents | 41.1 M | |||
| Cash Per Share | 2.28 X | |||
| Total Debt | 321.89 M | |||
| Debt To Equity | 1.08 % | |||
| Current Ratio | 2.53 X | |||
| Book Value Per Share | 16.69 X | |||
| Cash Flow From Operations | 26.67 M | |||
| Earnings Per Share | (0.86) X | |||
| Number Of Employees | 61 | |||
| Beta | 0.52 | |||
| Market Capitalization | 514.8 M | |||
| Z Score | 0.6 | |||
| Last Dividend Paid | 2.0 |
About Ever Clear Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ever Clear Environmental Eng's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ever Clear using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ever Clear Environmental Eng 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 Ever Clear
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 Ever Clear 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 Ever Clear will appreciate offsetting losses from the drop in the long position's value.Moving against Ever Stock
| 0.6 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.45 | 2002A | China Steel Corp | PairCorr |
| 0.42 | 2615 | Wan Hai Lines | PairCorr |
| 0.41 | 8047 | Great Computer | PairCorr |
| 0.39 | 2609 | Yang Ming Marine | PairCorr |
The ability to find closely correlated positions to Ever Clear could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ever Clear 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 Ever Clear - 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 Ever Clear Environmental Eng to buy it.
The correlation of Ever Clear 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 Ever Clear moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ever Clear Environme 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 Ever Clear 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 Ever Stock Analysis
When running Ever Clear's price analysis, check to measure Ever Clear'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 Ever Clear is operating at the current time. Most of Ever Clear's value examination focuses on studying past and present price action to predict the probability of Ever Clear's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ever Clear's price. Additionally, you may evaluate how the addition of Ever Clear to your portfolios can decrease your overall portfolio volatility.