Brighten Optix Stock Current Valuation
| 6747 Stock | TWD 135.50 2.00 1.50% |
Valuation analysis of Brighten Optix helps investors to measure Brighten Optix's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
Overvalued
Today
Please note that Brighten Optix's price fluctuation is very steady at this time. Calculation of the real value of Brighten Optix is based on 3 months time horizon. Increasing Brighten Optix'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 Brighten stock is determined by what a typical buyer is willing to pay for full or partial control of Brighten Optix. Since Brighten Optix is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Brighten Stock. However, Brighten Optix'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 135.5 | Real 124.93 | Hype 135.5 | Naive 134.08 |
The intrinsic value of Brighten Optix'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 Brighten Optix'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 Brighten Optix helps investors to forecast how Brighten 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 Brighten Optix more accurately as focusing exclusively on Brighten Optix's fundamentals will not take into account other important factors: Brighten Optix Company Current Valuation Analysis
Brighten Optix'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 Brighten Optix Current Valuation | 4.19 B |
Most of Brighten Optix'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, Brighten Optix 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, Brighten Optix has a Current Valuation of 4.19 B. This is 70.86% lower than that of the Healthcare sector and 66.31% lower than that of the Medical Devices industry. The current valuation for all Taiwan stocks is 74.82% higher than that of the company.
Brighten Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Brighten Optix'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 Brighten Optix could also be used in its relative valuation, which is a method of valuing Brighten Optix by comparing valuation metrics of similar companies.Brighten Optix is rated third in current valuation category among its peers.
Brighten Fundamentals
| Return On Equity | 0.22 | |||
| Return On Asset | 0.12 | |||
| Profit Margin | 0.35 % | |||
| Operating Margin | 0.35 % | |||
| Current Valuation | 4.19 B | |||
| Shares Outstanding | 24.19 M | |||
| Shares Owned By Insiders | 68.30 % | |||
| Shares Owned By Institutions | 9.92 % | |||
| Price To Earning | 55.71 X | |||
| Price To Book | 3.86 X | |||
| Price To Sales | 6.31 X | |||
| Revenue | 644.64 M | |||
| Gross Profit | 429.04 M | |||
| EBITDA | 338.34 M | |||
| Net Income | 241.18 M | |||
| Cash And Equivalents | 681.19 M | |||
| Cash Per Share | 28.16 X | |||
| Total Debt | 15.15 M | |||
| Debt To Equity | 0.01 % | |||
| Current Ratio | 4.80 X | |||
| Book Value Per Share | 50.35 X | |||
| Cash Flow From Operations | 204.74 M | |||
| Earnings Per Share | 10.85 X | |||
| Target Price | 255.0 | |||
| Beta | 0.37 | |||
| Market Capitalization | 5.27 B | |||
| Total Asset | 1.38 B | |||
| Annual Yield | 0.04 % | |||
| Net Asset | 1.38 B | |||
| Last Dividend Paid | 8.68 |
About Brighten Optix Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Brighten Optix's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Brighten Optix using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Brighten Optix 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 Brighten Optix
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 Brighten Optix 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 Brighten Optix will appreciate offsetting losses from the drop in the long position's value.Moving together with Brighten Stock
| 0.76 | 3218 | Universal Vision Bio | PairCorr |
| 0.69 | 4104 | Excelsior Medical | PairCorr |
| 0.85 | 6762 | Delta Asia International | PairCorr |
Moving against Brighten Stock
| 0.77 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.6 | 2357 | Asustek Computer | PairCorr |
| 0.47 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.42 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.41 | 4129 | United Orthopedic | PairCorr |
The ability to find closely correlated positions to Brighten Optix could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brighten Optix 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 Brighten Optix - 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 Brighten Optix to buy it.
The correlation of Brighten Optix 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 Brighten Optix moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brighten Optix 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 Brighten Optix 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 Brighten Stock Analysis
When running Brighten Optix's price analysis, check to measure Brighten Optix'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 Brighten Optix is operating at the current time. Most of Brighten Optix's value examination focuses on studying past and present price action to predict the probability of Brighten Optix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brighten Optix's price. Additionally, you may evaluate how the addition of Brighten Optix to your portfolios can decrease your overall portfolio volatility.