Abits Group Stock Return On Equity

ABTS Stock

0.62 0.03 5.08%

Abits Group fundamentals help investors to digest information that contributes to Abits' financial success or failures. It also enables traders to predict the movement of Abits Stock. The fundamental analysis module provides a way to measure Abits' 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 Abits stock.

		Last Reported	Projected for Next Year
	Return On Equity	(1.11)	(1.06)

Return On Equity is likely to gain to -1.06 in 2024.

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Abits Group Company Return On Equity Analysis

Abits' Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.

Return On Equity

Net Income

Total Equity

More About Return On Equity | All Equity Analysis

Current Abits Return On Equity

-0.57

Most of Abits' fundamental indicators, such as Return On Equity, 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, Abits Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Abits Return On Equity Driver Correlations

Understanding the fundamental principles of building solid financial models for Abits is extremely important. It helps to project a fair market value of Abits Stock properly, considering its historical fundamentals such as Return On Equity. Since Abits' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Abits' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Abits' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Common Stock	Net Invested Capital	Capital Stock	Net Working Capital	Intangible Assets
Total Assets		1.0	-0.83	-0.75	-0.24	-0.9	-0.71	0.73	-0.71	0.87	1.0	0.88	0.89	-0.05
Total Stockholder Equity	1.0		-0.84	-0.75	-0.27	-0.92	-0.73	0.71	-0.73	0.87	1.0	0.89	0.89	-0.07
Net Debt	-0.83	-0.84		0.53	0.58	0.87	0.69	-0.62	0.69	-0.64	-0.83	-0.71	-0.82	-0.02
Retained Earnings	-0.75	-0.75	0.53		0.47	0.82	0.77	-0.26	0.77	-0.89	-0.79	-0.92	-0.38	0.69
Net Receivables	-0.24	-0.27	0.58	0.47		0.56	0.6	0.24	0.6	-0.42	-0.27	-0.51	-0.03	0.59
Total Liab	-0.9	-0.92	0.87	0.82	0.56		0.93	-0.49	0.93	-0.87	-0.92	-0.91	-0.73	0.3
Short Long Term Debt	-0.71	-0.73	0.69	0.77	0.6	0.93		-0.23	1.0	-0.77	-0.73	-0.82	-0.48	0.45
Total Current Assets	0.73	0.71	-0.62	-0.26	0.24	-0.49	-0.23		-0.23	0.31	0.72	0.33	0.88	0.47
Short Term Debt	-0.71	-0.73	0.69	0.77	0.6	0.93	1.0	-0.23		-0.77	-0.73	-0.82	-0.48	0.45
Common Stock	0.87	0.87	-0.64	-0.89	-0.42	-0.87	-0.77	0.31	-0.77		0.87	0.99	0.58	-0.44
Net Invested Capital	1.0	1.0	-0.83	-0.79	-0.27	-0.92	-0.73	0.72	-0.73	0.87		0.89	0.87	-0.11
Capital Stock	0.88	0.89	-0.71	-0.92	-0.51	-0.91	-0.82	0.33	-0.82	0.99	0.89		0.59	-0.47
Net Working Capital	0.89	0.89	-0.82	-0.38	-0.03	-0.73	-0.48	0.88	-0.48	0.58	0.87	0.59		0.39
Intangible Assets	-0.05	-0.07	-0.02	0.69	0.59	0.3	0.45	0.47	0.45	-0.44	-0.11	-0.47	0.39

Click cells to compare fundamentals

For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.

Competition

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Return On Equity Over Time

Abits Total Stockholder Equity

Total Stockholder Equity

9.32 Million

At this time, Abits' Total Stockholder Equity is comparatively stable compared to the past year.

Based on the latest financial disclosure, Abits Group has a Return On Equity of -0.5731. This is 105.52% lower than that of the Media sector and significantly lower than that of the Communication Services industry. The return on equity for all United States stocks is 84.87% higher than that of the company.

Abits Return On Equity Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Abits' direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Abits could also be used in its relative valuation, which is a method of valuing Abits by comparing valuation metrics of similar companies.

Abits is currently under evaluation in return on equity category among its peers.

Abits Current Valuation Drivers

We derive many important indicators used in calculating different scores of Abits from analyzing Abits' financial statements. These drivers represent accounts that assess Abits' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Abits' important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	78.8M	26.1M	54.2M	15.4M	44.1M	41.9M
Enterprise Value	78.9M	26.5M	51.6M	12.9M	43.2M	41.0M

Abits Fundamentals

	Return On Equity	-0.57
	Return On Asset	-0.0777
	Profit Margin	(1.70) %
	Operating Margin	(0.1) %
	Current Valuation	21.63 M
	Shares Outstanding	35.55 M
	Shares Owned By Insiders	22.87 %
	Shares Owned By Institutions	0.20 %
	Number Of Shares Shorted	352.12 K
	Price To Book	1.95 X
	Price To Sales	4.12 X
	Revenue	1.68 M
	EBITDA	(7.59 M)
	Net Income	(12.59 M)
	Total Debt	1.01 M
	Book Value Per Share	0.32 X
	Cash Flow From Operations	1.76 M
	Short Ratio	1.42 X
	Earnings Per Share	(0.26) X
	Number Of Employees	11
	Beta	2.71
	Market Capitalization	22.02 M
	Total Asset	12.32 M
	Retained Earnings	(77.89 M)
	Working Capital	652.94 K
	Net Asset	12.32 M

About Abits Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Abits Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Abits using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Abits Group 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.

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Additional Tools for Abits Stock Analysis

When running Abits' price analysis, check to measure Abits' 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 Abits is operating at the current time. Most of Abits' value examination focuses on studying past and present price action to predict the probability of Abits' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abits' price. Additionally, you may evaluate how the addition of Abits to your portfolios can decrease your overall portfolio volatility.

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