Mingteng International Stock Fundamentals
| MTEN Stock | 5.96 0.42 7.58% |
Mingteng International fundamentals help investors to digest information that contributes to Mingteng International's financial success or failures. It also enables traders to predict the movement of Mingteng Stock. The fundamental analysis module provides a way to measure Mingteng International'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 Mingteng International stock.
At this time, Mingteng International's EBIT is very stable compared to the past year. As of the 30th of November 2024, Research Development is likely to grow to about 662.3 K, while Tax Provision is likely to drop about 329.1 K. Mingteng | Select Account or Indicator |
Mingteng International Company Return On Asset Analysis
Mingteng International's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Mingteng International Return On Asset | 0.0407 |
Most of Mingteng International's fundamental indicators, such as Return On Asset, 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, Mingteng International is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Mingteng Total Assets
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Based on the latest financial disclosure, Mingteng International has a Return On Asset of 0.0407. This is much higher than that of the Automobile Components sector and significantly higher than that of the Consumer Discretionary industry. The return on asset for all United States stocks is notably lower than that of the firm.
Mingteng International Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Mingteng International's current stock value. Our valuation model uses many indicators to compare Mingteng International value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Mingteng International competition to find correlations between indicators driving Mingteng International's intrinsic value. More Info.Mingteng International is regarded fifth in return on equity category among its peers. It is regarded second in return on asset category among its peers reporting about 0.48 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Mingteng International is roughly 2.10 . At this time, Mingteng International's Return On Equity is very stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Mingteng International's earnings, one of the primary drivers of an investment's value.Mingteng Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Mingteng International's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Mingteng International could also be used in its relative valuation, which is a method of valuing Mingteng International by comparing valuation metrics of similar companies.Mingteng International is currently under evaluation in return on asset category among its peers.
Mingteng Fundamentals
| Return On Equity | 0.0855 | ||||
| Return On Asset | 0.0407 | ||||
| Profit Margin | 0.07 % | ||||
| Operating Margin | (0.06) % | ||||
| Current Valuation | 34.45 M | ||||
| Shares Outstanding | 6.21 M | ||||
| Shares Owned By Insiders | 73.29 % | ||||
| Number Of Shares Shorted | 3.08 K | ||||
| Price To Book | 3.63 X | ||||
| Price To Sales | 3.76 X | ||||
| Revenue | 8.16 M | ||||
| EBITDA | 2.15 M | ||||
| Net Income | 1.51 M | ||||
| Total Debt | 314.91 K | ||||
| Book Value Per Share | 1.53 X | ||||
| Cash Flow From Operations | 1.3 M | ||||
| Short Ratio | 0.03 X | ||||
| Earnings Per Share | 0.09 X | ||||
| Number Of Employees | 150 | ||||
| Market Capitalization | 34.39 M | ||||
| Total Asset | 10.71 M | ||||
| Retained Earnings | 6.47 M | ||||
| Working Capital | 3.64 M | ||||
| Net Asset | 10.71 M |
About Mingteng International Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Mingteng International's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Mingteng International using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Mingteng International 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.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | 401.9 K | 422 K | |
| Total Revenue | 8.2 M | 8.6 M | |
| Cost Of Revenue | 4.8 M | 5.1 M | |
| Sales General And Administrative To Revenue | 0.10 | 0.09 | |
| Research And Ddevelopement To Revenue | 0.08 | 0.05 | |
| Capex To Revenue | 0.09 | 0.09 | |
| Revenue Per Share | 1.63 | 1.71 | |
| Ebit Per Revenue | 0.21 | 0.36 |
Pair Trading with Mingteng International
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 Mingteng International 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 Mingteng International will appreciate offsetting losses from the drop in the long position's value.Moving together with Mingteng Stock
Moving against Mingteng Stock
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The ability to find closely correlated positions to Mingteng International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mingteng International 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 Mingteng International - 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 Mingteng International to buy it.
The correlation of Mingteng International 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 Mingteng International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mingteng International 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 Mingteng International 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 Mingteng International Piotroski F Score and Mingteng International Altman Z Score analysis. To learn how to invest in Mingteng Stock, please use our How to Invest in Mingteng International guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Is Automotive Parts & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mingteng International. If investors know Mingteng will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mingteng International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.18) | Earnings Share 0.09 | Revenue Per Share 1.749 | Quarterly Revenue Growth 0.267 | Return On Assets 0.0407 |
The market value of Mingteng International is measured differently than its book value, which is the value of Mingteng that is recorded on the company's balance sheet. Investors also form their own opinion of Mingteng International's value that differs from its market value or its book value, called intrinsic value, which is Mingteng International'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 Mingteng International's market value can be influenced by many factors that don't directly affect Mingteng International'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 Mingteng International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mingteng International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mingteng International'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.