Goodrich Corp Stock Net Income
Goodrich Corp fundamentals help investors to digest information that contributes to Goodrich Corp's financial success or failures. It also enables traders to predict the movement of Goodrich Stock. The fundamental analysis module provides a way to measure Goodrich Corp'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 Goodrich Corp stock.
Goodrich |
Goodrich Corp Company Net Income Analysis
Goodrich Corp's 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 Goodrich Corp Net Income | 810.4 M |
Most of Goodrich Corp's 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, Goodrich Corp 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.
CompetitionBased on the recorded statements, Goodrich Corp reported net income of 810.4 M. This is much higher than that of the sector and significantly higher than that of the Defense industry. The net income for all United States stocks is notably lower than that of the firm.
Goodrich Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Goodrich Corp's 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 Goodrich Corp could also be used in its relative valuation, which is a method of valuing Goodrich Corp by comparing valuation metrics of similar companies.Goodrich Corp is currently under evaluation in net income category among its peers.
Goodrich Fundamentals
| Return On Asset | 0.08 | |||
| Profit Margin | 0.10 % | |||
| Operating Margin | 0.17 % | |||
| Current Valuation | 17.32 B | |||
| Shares Outstanding | 125.2 M | |||
| Shares Owned By Insiders | 0.28 % | |||
| Shares Owned By Institutions | 81.70 % | |||
| Number Of Shares Shorted | 1.41 M | |||
| Price To Earning | 20.26 X | |||
| Price To Book | 4.01 X | |||
| Price To Sales | 1.92 X | |||
| Revenue | 8.07 B | |||
| Gross Profit | 2.57 B | |||
| EBITDA | 1.61 B | |||
| Net Income | 810.4 M | |||
| Cash And Equivalents | 987 M | |||
| Cash Per Share | 5.59 X | |||
| Total Debt | 2.4 B | |||
| Debt To Equity | 0.59 % | |||
| Current Ratio | 2.65 X | |||
| Cash Flow From Operations | 1.18 B | |||
| Short Ratio | 1.10 X | |||
| Earnings Per Share | 6.27 X | |||
| Price To Earnings To Growth | 1.36 X | |||
| Number Of Employees | 28 K | |||
| Beta | 0.21 | |||
| Market Capitalization | 15.49 B | |||
| Total Asset | 10.71 B | |||
| Retained Earnings | 3.19 B | |||
| Working Capital | 3.39 B | |||
| Current Asset | 5.46 B | |||
| Current Liabilities | 2.08 B | |||
| Z Score | 3.6 |
Pair Trading with Goodrich Corp
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 Goodrich Corp 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 Goodrich Corp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Eaton PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eaton PLC 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 Eaton PLC - 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 Eaton PLC to buy it.
The correlation of Eaton PLC 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 Eaton PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eaton PLC 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 Eaton PLC 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.Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Other Consideration for investing in Goodrich Stock
If you are still planning to invest in Goodrich Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Goodrich Corp's history and understand the potential risks before investing.
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