Ii Vi Incorporated Preferred Stock EBITDA
| IIVIPDelisted Preferred Stock | USD 187.51 6.12 3.16% |
II VI Incorporated fundamentals help investors to digest information that contributes to II VI's financial success or failures. It also enables traders to predict the movement of IIVIP Preferred Stock. The fundamental analysis module provides a way to measure II VI'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 II VI preferred stock.
IIVIP |
II VI Incorporated Company EBITDA Analysis
II VI's EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Current II VI EBITDA | 689.84 M |
Most of II VI's fundamental indicators, such as EBITDA, 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, II VI Incorporated is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
CompetitionAccording to the company disclosure, II VI Incorporated reported earnings before interest,tax, depreciation and amortization of 689.84 M. This is 25.46% lower than that of the Technology sector and 192.21% higher than that of the Scientific & Technical Instruments industry. The ebitda for all United States preferred stocks is 82.3% higher than that of the company.
IIVIP EBITDA Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses II VI's direct or indirect competition against its EBITDA to detect undervalued stocks with similar characteristics or determine the preferred stocks which would be a good addition to a portfolio. Peer analysis of II VI could also be used in its relative valuation, which is a method of valuing II VI by comparing valuation metrics of similar companies.II VI is currently under evaluation in ebitda category among its peers.
IIVIP Fundamentals
| Return On Equity | 0.0015 | ||||
| Return On Asset | 0.0288 | ||||
| Profit Margin | 0 % | ||||
| Operating Margin | 0.11 % | ||||
| Current Valuation | 27.58 B | ||||
| Shares Owned By Institutions | 83.36 % | ||||
| Number Of Shares Shorted | 8.39 K | ||||
| Price To Earning | 68.48 X | ||||
| Revenue | 3.32 B | ||||
| Gross Profit | 1.27 B | ||||
| EBITDA | 689.84 M | ||||
| Net Income | 234.76 M | ||||
| Cash And Equivalents | 2.58 B | ||||
| Cash Per Share | 19.73 X | ||||
| Total Debt | 1.9 B | ||||
| Debt To Equity | 0.56 % | ||||
| Current Ratio | 3.40 X | ||||
| Book Value Per Share | 34.10 X | ||||
| Cash Flow From Operations | 413.33 M | ||||
| Short Ratio | 2.73 X | ||||
| Earnings Per Share | 1.81 X | ||||
| Number Of Employees | 23.66 K | ||||
| Beta | 1.54 | ||||
| Total Asset | 7.84 B | ||||
| Annual Yield | 0.06 % | ||||
| Net Asset | 7.84 B |
About II VI Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze II VI Incorporated's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of II VI using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of II VI Incorporated 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 II VI
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 II VI 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 II VI will appreciate offsetting losses from the drop in the long position's value.Moving against IIVIP Preferred Stock
| 0.81 | KYCCF | Keyence | PairCorr |
| 0.7 | HXGBY | Hexagon AB ADR Potential Growth | PairCorr |
| 0.62 | BKLRF | Berkeley Energy | PairCorr |
| 0.55 | HXGBF | Hexagon AB | PairCorr |
| 0.43 | AWCMY | Alumina Limited PK | PairCorr |
The ability to find closely correlated positions to II VI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace II VI 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 II VI - 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 II VI Incorporated to buy it.
The correlation of II VI 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 II VI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if II VI 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 II VI 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 gross domestic product. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Other Consideration for investing in IIVIP Preferred Stock
If you are still planning to invest in II VI 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 II VI's history and understand the potential risks before investing.
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