Howmet Aerospace Preferred Stock Cash Per Share
| HWM-P Preferred Stock | USD 62.00 0.00 0.00% |
Howmet Aerospace fundamentals help investors to digest information that contributes to Howmet Aerospace's financial success or failures. It also enables traders to predict the movement of Howmet Preferred Stock. The fundamental analysis module provides a way to measure Howmet Aerospace'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 Howmet Aerospace preferred stock.
Howmet |
Howmet Aerospace Company Cash Per Share Analysis
Howmet Aerospace's Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Current Howmet Aerospace Cash Per Share | 2.94 X |
Most of Howmet Aerospace's fundamental indicators, such as Cash Per Share, 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, Howmet Aerospace is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
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In accordance with the recently published financial statements, Howmet Aerospace has a Cash Per Share of 2.94 times. This indicator is about the same for the Industrials average (which is currently at 2.89) sector and 47.12% lower than that of the Aerospace & Defense industry. The cash per share for all United States preferred stocks is 41.32% higher than that of the company.
Howmet Cash Per Share Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Howmet Aerospace's direct or indirect competition against its Cash Per Share to detect undervalued stocks with similar characteristics or determine the preferred stocks which would be a good addition to a portfolio. Peer analysis of Howmet Aerospace could also be used in its relative valuation, which is a method of valuing Howmet Aerospace by comparing valuation metrics of similar companies.Howmet Aerospace is currently under evaluation in cash per share category among its peers.
Howmet Fundamentals
| Return On Equity | 0.13 | ||||
| Return On Asset | 0.0596 | ||||
| Profit Margin | 0.08 % | ||||
| Operating Margin | 0.18 % | ||||
| Current Valuation | 36.34 B | ||||
| Revenue | 4.97 B | ||||
| Gross Profit | 1.4 B | ||||
| EBITDA | 258.31 M | ||||
| Net Income | 258 M | ||||
| Cash And Equivalents | 1.28 B | ||||
| Cash Per Share | 2.94 X | ||||
| Total Debt | 5.21 B | ||||
| Debt To Equity | 1.51 % | ||||
| Current Ratio | 2.23 X | ||||
| Book Value Per Share | 7.77 X | ||||
| Cash Flow From Operations | 449 K | ||||
| Earnings Per Share | 0.71 X | ||||
| Number Of Employees | 19.9 K | ||||
| Beta | 1.35 | ||||
| Total Asset | 10.22 M | ||||
| Net Asset | 10.22 M | ||||
| Last Dividend Paid | 0.08 |
About Howmet Aerospace Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Howmet Aerospace's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Howmet Aerospace using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Howmet Aerospace 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 Howmet Aerospace
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 Howmet Aerospace 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 Howmet Aerospace will appreciate offsetting losses from the drop in the long position's value.Moving against Howmet Preferred Stock
| 0.58 | AIR | AAR Corp | PairCorr |
| 0.53 | EVTL | Vertical Aerospace Trending | PairCorr |
| 0.38 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.32 | PL | Planet Labs PBC Earnings Call This Week | PairCorr |
| 0.31 | ERJ | Embraer SA ADR | PairCorr |
The ability to find closely correlated positions to Howmet Aerospace could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Howmet Aerospace 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 Howmet Aerospace - 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 Howmet Aerospace to buy it.
The correlation of Howmet Aerospace 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 Howmet Aerospace moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Howmet Aerospace 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 Howmet Aerospace 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 Howmet Preferred Stock Analysis
When running Howmet Aerospace's price analysis, check to measure Howmet Aerospace'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 Howmet Aerospace is operating at the current time. Most of Howmet Aerospace's value examination focuses on studying past and present price action to predict the probability of Howmet Aerospace's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Howmet Aerospace's price. Additionally, you may evaluate how the addition of Howmet Aerospace to your portfolios can decrease your overall portfolio volatility.