First Trust California Etf Operating Margin
| FCAL Etf | USD 49.91 0.02 0.04% |
First Trust California fundamentals help investors to digest information that contributes to First Trust's financial success or failures. It also enables traders to predict the movement of First Etf. The fundamental analysis module provides a way to measure First Trust'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 First Trust etf.
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First Trust California ETF Operating Margin Analysis
First Trust's Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
Current First Trust Operating Margin | 28.33 % |
Most of First Trust's fundamental indicators, such as Operating Margin, 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, First Trust California is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
| Competition |
Based on the recorded statements, First Trust California has an Operating Margin of 28.33%. This is much higher than that of the First Trust family and significantly higher than that of the Muni California Long category. The operating margin for all United States etfs is notably lower than that of the firm.
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Fund Asset Allocation for First Trust
The fund invests most of its assets under management in various types of exotic instruments, with the rest of asset invested in bonds.Asset allocation divides First Trust's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
First Fundamentals
| Return On Equity | 0.035 | |||
| Return On Asset | 0.41 | |||
| Profit Margin | 9.54 % | |||
| Operating Margin | 28.33 % | |||
| Current Valuation | 304.37 M | |||
| Shares Outstanding | 29.23 M | |||
| Shares Owned By Insiders | 20.29 % | |||
| Shares Owned By Institutions | 46.70 % | |||
| Number Of Shares Shorted | 372.79 K | |||
| Price To Earning | 43.37 X | |||
| Price To Book | 1.18 X | |||
| Price To Sales | 3.29 X | |||
| Revenue | 74.21 M | |||
| Gross Profit | 77.16 M | |||
| EBITDA | 24.59 M | |||
| Net Income | 6.06 M | |||
| Cash And Equivalents | 74.8 M | |||
| Cash Per Share | 2.56 X | |||
| Total Debt | 133.83 M | |||
| Debt To Equity | 7.06 % | |||
| Book Value Per Share | 8.01 X | |||
| Cash Flow From Operations | 18.3 M | |||
| Short Ratio | 6.10 X | |||
| Earnings Per Share | 0.20 X | |||
| Price To Earnings To Growth | 2.72 X | |||
| Number Of Employees | 263 | |||
| Beta | 0.89 | |||
| Market Capitalization | 248.13 M | |||
| Total Asset | 116.31 M | |||
| Retained Earnings | 33.45 M | |||
| One Year Return | 6.70 % | |||
| Three Year Return | (0.40) % | |||
| Five Year Return | 1.10 % | |||
| Net Asset | 116.31 M | |||
| Last Dividend Paid | 0.12 | |||
| Bond Positions Weight | 1.95 % |
About First Trust Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze First Trust California's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of First Trust using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of First Trust California based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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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The market value of First Trust California is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Trust's value that differs from its market value or its book value, called intrinsic value, which is First Trust's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Trust's market value can be influenced by many factors that don't directly affect First Trust's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Trust's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.