It Tech Packaging Stock Price To Earning

ITP Stock

USD 0.22 0.01 4.35%

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

Total Stockholder Equity Total Assets

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

IT Tech Packaging Company Price To Earning Analysis

IT Tech's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.

P/E

Market Value Per Share

Earnings Per Share

More About Price To Earning | All Equity Analysis

Current IT Tech Price To Earning

3.64 X

Most of IT Tech's fundamental indicators, such as Price To Earning, 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, IT Tech Packaging is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

ITP Price To Earning Driver Correlations

Understanding the fundamental principles of building solid financial models for IT Tech is extremely important. It helps to project a fair market value of ITP Stock properly, considering its historical fundamentals such as Price To Earning. Since IT Tech's 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 IT Tech's 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 IT Tech's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Retained Earnings	Total Liab	Common Stock	Net Debt	Accounts Payable	Net Receivables	Total Current Assets	Short Term Debt	Long Term Debt	Property Plant Equipment	Current Deferred Revenue	Short Term Investments	Intangible Assets	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Short Long Term Debt	Long Term Investments	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.97	0.92	0.73	0.35	0.41	-0.16	0.18	0.51	0.61	0.26	0.88	-0.43	0.69	0.03	0.69	0.15	0.25	0.22	0.41	-0.22	0.24	0.03	0.22	0.23
Total Stockholder Equity	0.97		0.92	0.55	0.44	0.19	-0.3	0.32	0.59	0.42	0.1	0.77	-0.29	0.62	0.09	0.72	0.0	0.37	0.33	0.34	-0.35	0.37	-0.02	0.35	0.31
Retained Earnings	0.92	0.92		0.6	0.3	0.32	-0.29	0.1	0.3	0.48	0.08	0.82	-0.27	0.61	-0.09	0.57	-0.03	0.08	0.23	0.44	-0.24	0.16	-0.04	0.09	0.18
Total Liab	0.73	0.55	0.6		-0.01	0.88	0.28	-0.26	0.09	0.95	0.62	0.86	-0.67	0.66	-0.15	0.36	0.51	-0.16	-0.19	0.46	0.25	-0.21	0.14	-0.21	-0.06
Common Stock	0.35	0.44	0.3	-0.01		-0.14	-0.13	0.1	0.56	0.01	-0.13	-0.06	-0.01	0.16	-0.26	0.46	-0.13	0.31	0.22	0.11	-0.18	0.39	0.41	0.56	0.99
Net Debt	0.41	0.19	0.32	0.88	-0.14		0.48	-0.58	-0.24	0.91	0.62	0.65	-0.64	0.5	-0.35	0.11	0.55	-0.37	-0.49	0.4	0.51	-0.5	0.34	-0.41	-0.13
Accounts Payable	-0.16	-0.3	-0.29	0.28	-0.13	0.48		-0.38	-0.23	0.45	0.59	-0.02	-0.8	0.06	-0.28	-0.28	0.62	-0.3	-0.44	-0.34	0.46	-0.38	0.29	-0.26	-0.07
Net Receivables	0.18	0.32	0.1	-0.26	0.1	-0.58	-0.38		0.61	-0.34	-0.23	-0.02	0.11	0.2	0.76	0.5	-0.23	0.78	0.84	-0.11	-0.83	0.84	-0.61	0.75	0.0
Total Current Assets	0.51	0.59	0.3	0.09	0.56	-0.24	-0.23	0.61		0.06	-0.06	0.14	-0.05	0.28	0.23	0.5	-0.1	0.61	0.35	0.07	-0.29	0.6	0.12	0.8	0.5
Short Term Debt	0.61	0.42	0.48	0.95	0.01	0.91	0.45	-0.34	0.06		0.57	0.74	-0.74	0.66	-0.23	0.28	0.47	-0.24	-0.29	0.45	0.34	-0.29	0.24	-0.22	-0.01
Long Term Debt	0.26	0.1	0.08	0.62	-0.13	0.62	0.59	-0.23	-0.06	0.57		0.39	-0.7	0.14	-0.18	0.03	0.99	-0.22	-0.27	-0.29	0.32	-0.28	0.11	-0.21	-0.12
Property Plant Equipment	0.88	0.77	0.82	0.86	-0.06	0.65	-0.02	-0.02	0.14	0.74	0.39		-0.52	0.69	0.09	0.56	0.27	0.07	0.03	0.43	-0.07	0.01	-0.08	-0.12	-0.17
Current Deferred Revenue	-0.43	-0.29	-0.27	-0.67	-0.01	-0.64	-0.8	0.11	-0.05	-0.74	-0.7	-0.52		-0.51	0.08	-0.24	-0.66	0.05	0.12	0.1	-0.13	0.1	-0.08	0.06	0.01
Short Term Investments	0.69	0.62	0.61	0.66	0.16	0.5	0.06	0.2	0.28	0.66	0.14	0.69	-0.51		0.15	0.64	0.04	0.31	0.38	0.67	-0.29	0.33	-0.18	0.18	0.07
Intangible Assets	0.03	0.09	-0.09	-0.15	-0.26	-0.35	-0.28	0.76	0.23	-0.23	-0.18	0.09	0.08	0.15		0.48	-0.2	0.69	0.64	-0.05	-0.75	0.62	-0.74	0.42	-0.36
Net Tangible Assets	0.69	0.72	0.57	0.36	0.46	0.11	-0.28	0.5	0.5	0.28	0.03	0.56	-0.24	0.64	0.48		-0.03	0.72	0.57	0.3	-0.66	0.66	-0.22	0.56	0.34
Long Term Debt Total	0.15	0.0	-0.03	0.51	-0.13	0.55	0.62	-0.23	-0.1	0.47	0.99	0.27	-0.66	0.04	-0.2	-0.03		-0.22	-0.29	-0.39	0.33	-0.29	0.13	-0.2	-0.11
Capital Surpluse	0.25	0.37	0.08	-0.16	0.31	-0.37	-0.3	0.78	0.61	-0.24	-0.22	0.07	0.05	0.31	0.69	0.72	-0.22		0.66	0.0	-0.72	0.88	-0.27	0.77	0.23
Deferred Long Term Liab	0.22	0.33	0.23	-0.19	0.22	-0.49	-0.44	0.84	0.35	-0.29	-0.27	0.03	0.12	0.38	0.64	0.57	-0.29	0.66		0.13	-0.94	0.86	-0.74	0.55	0.11
Short Long Term Debt	0.41	0.34	0.44	0.46	0.11	0.4	-0.34	-0.11	0.07	0.45	-0.29	0.43	0.1	0.67	-0.05	0.3	-0.39	0.0	0.13		-0.02	0.05	0.02	-0.01	0.07
Long Term Investments	-0.22	-0.35	-0.24	0.25	-0.18	0.51	0.46	-0.83	-0.29	0.34	0.32	-0.07	-0.13	-0.29	-0.75	-0.66	0.33	-0.72	-0.94	-0.02		-0.82	0.74	-0.56	-0.06
Cash And Equivalents	0.24	0.37	0.16	-0.21	0.39	-0.5	-0.38	0.84	0.6	-0.29	-0.28	0.01	0.1	0.33	0.62	0.66	-0.29	0.88	0.86	0.05	-0.82		-0.43	0.74	0.3
Net Invested Capital	0.03	-0.02	-0.04	0.14	0.41	0.34	0.29	-0.61	0.12	0.24	0.11	-0.08	-0.08	-0.18	-0.74	-0.22	0.13	-0.27	-0.74	0.02	0.74	-0.43		-0.05	0.51
Net Working Capital	0.22	0.35	0.09	-0.21	0.56	-0.41	-0.26	0.75	0.8	-0.22	-0.21	-0.12	0.06	0.18	0.42	0.56	-0.2	0.77	0.55	-0.01	-0.56	0.74	-0.05		0.52
Capital Stock	0.23	0.31	0.18	-0.06	0.99	-0.13	-0.07	0.0	0.5	-0.01	-0.12	-0.17	0.01	0.07	-0.36	0.34	-0.11	0.23	0.11	0.07	-0.06	0.3	0.51	0.52

Click cells to compare fundamentals

Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.

Competition

Predict IT Tech

ITP Retained Earnings

Retained Earnings

82.92 Million

At this time, IT Tech's Retained Earnings are relatively stable compared to the past year.

Based on the latest financial disclosure, IT Tech Packaging has a Price To Earning of 3.64 times. This is 96.53% lower than that of the Paper & Forest Products sector and 82.35% lower than that of the Materials industry. The price to earning for all United States stocks is 87.33% higher than that of the company.

ITP Price To Earning Peer Comparison

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

IT Tech is currently under evaluation in price to earning category among its peers.

ITP Fundamentals

	Return On Equity	-0.0585
	Return On Asset	-0.0261
	Profit Margin	(0.14) %
	Operating Margin	0.02 %
	Current Valuation	8.31 M
	Shares Outstanding	10.07 M
	Shares Owned By Insiders	5.38 %
	Shares Owned By Institutions	3.74 %
	Number Of Shares Shorted	3.53 K
	Price To Earning	3.64 X
	Price To Book	0.01 X
	Price To Sales	0.03 X
	Revenue	86.55 M
	Gross Profit	4.75 M
	EBITDA	5.61 M
	Net Income	(9.95 M)
	Cash And Equivalents	9.52 M
	Cash Per Share	1.45 X
	Total Debt	12.39 M
	Debt To Equity	0.08 %
	Current Ratio	2.80 X
	Book Value Per Share	16.72 X
	Cash Flow From Operations	12.87 M
	Short Ratio	0.03 X
	Earnings Per Share	(0.98) X
	Target Price	5.0
	Number Of Employees	383
	Beta	-0.16
	Market Capitalization	2.32 M
	Total Asset	194.74 M
	Retained Earnings	83.63 M
	Working Capital	6.94 M
	Current Asset	18.03 M
	Current Liabilities	18.9 M
	Net Asset	194.74 M

About IT Tech Fundamental Analysis

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

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 IT Tech 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 IT Tech will appreciate offsetting losses from the drop in the long position's value.

Moving against ITP Stock

0.37	CLW	Clearwater Paper	Pair Corr
0.33	NG	NovaGold Resources	Pair Corr

The ability to find closely correlated positions to IT Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IT Tech 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 IT Tech - 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 IT Tech Packaging to buy it.

The correlation of IT Tech 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 IT Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IT Tech Packaging 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 IT Tech 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.

Pair Correlation Correlation Matching

Additional Tools for ITP Stock Analysis

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

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