Coasia Microelectronics Stock Net Income
| 8096 Stock | TWD 41.15 3.45 9.15% |
CoAsia Microelectronics fundamentals help investors to digest information that contributes to CoAsia Microelectronics' financial success or failures. It also enables traders to predict the movement of CoAsia Stock. The fundamental analysis module provides a way to measure CoAsia Microelectronics' 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 CoAsia Microelectronics stock.
CoAsia |
CoAsia Microelectronics Company Net Income Analysis
CoAsia Microelectronics' Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current CoAsia Microelectronics Net Income | 164.32 M |
Most of CoAsia Microelectronics' fundamental indicators, such as Net Income, 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, CoAsia Microelectronics is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Based on the recorded statements, CoAsia Microelectronics reported net income of 164.32 M. This is 69.51% lower than that of the Technology sector and 86.41% lower than that of the Semiconductors industry. The net income for all Taiwan stocks is 71.22% higher than that of the company.
CoAsia Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses CoAsia Microelectronics' direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of CoAsia Microelectronics could also be used in its relative valuation, which is a method of valuing CoAsia Microelectronics by comparing valuation metrics of similar companies.CoAsia Microelectronics is currently under evaluation in net income category among its peers.
CoAsia Fundamentals
| Return On Equity | 0.0634 | |||
| Return On Asset | 0.0096 | |||
| Profit Margin | 0.01 % | |||
| Operating Margin | 0 % | |||
| Current Valuation | 4.67 B | |||
| Shares Outstanding | 148.9 M | |||
| Shares Owned By Insiders | 33.84 % | |||
| Shares Owned By Institutions | 1.01 % | |||
| Price To Earning | 16.79 X | |||
| Price To Book | 0.65 X | |||
| Price To Sales | 0.06 X | |||
| Revenue | 29.2 B | |||
| Gross Profit | 959.3 M | |||
| EBITDA | 311.43 M | |||
| Net Income | 164.32 M | |||
| Cash And Equivalents | 453.31 M | |||
| Cash Per Share | 3.04 X | |||
| Total Debt | 5.12 B | |||
| Debt To Equity | 1.94 % | |||
| Current Ratio | 1.35 X | |||
| Book Value Per Share | 18.14 X | |||
| Cash Flow From Operations | (971.26 M) | |||
| Earnings Per Share | 1.07 X | |||
| Number Of Employees | 152 | |||
| Beta | 0.79 | |||
| Market Capitalization | 1.77 B | |||
| Total Asset | 8.28 B | |||
| Z Score | 3.0 | |||
| Annual Yield | 0.02 % | |||
| Net Asset | 8.28 B | |||
| Last Dividend Paid | 0.24 |
About CoAsia Microelectronics Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CoAsia Microelectronics's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CoAsia Microelectronics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CoAsia Microelectronics 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 CoAsia Microelectronics
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 CoAsia Microelectronics 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 CoAsia Microelectronics will appreciate offsetting losses from the drop in the long position's value.Moving together with CoAsia Stock
Moving against CoAsia Stock
| 0.82 | 2891 | CTBC Financial Holding | PairCorr |
| 0.79 | 2891B | CTBC Financial Holding | PairCorr |
| 0.76 | 2883 | China Development Earnings Call Tomorrow | PairCorr |
| 0.76 | 2882 | Cathay Financial Holding | PairCorr |
| 0.75 | 2330 | Taiwan Semiconductor | PairCorr |
The ability to find closely correlated positions to CoAsia Microelectronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CoAsia Microelectronics 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 CoAsia Microelectronics - 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 CoAsia Microelectronics to buy it.
The correlation of CoAsia Microelectronics 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 CoAsia Microelectronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CoAsia Microelectronics 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 CoAsia Microelectronics 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 CoAsia Stock Analysis
When running CoAsia Microelectronics' price analysis, check to measure CoAsia Microelectronics' 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 CoAsia Microelectronics is operating at the current time. Most of CoAsia Microelectronics' value examination focuses on studying past and present price action to predict the probability of CoAsia Microelectronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CoAsia Microelectronics' price. Additionally, you may evaluate how the addition of CoAsia Microelectronics to your portfolios can decrease your overall portfolio volatility.