Novita Sa Stock Fundamentals
| NVT Stock | 119.50 0.50 0.42% |
Novita SA fundamentals help investors to digest information that contributes to Novita SA's financial success or failures. It also enables traders to predict the movement of Novita Stock. The fundamental analysis module provides a way to measure Novita SA'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 Novita SA stock.
Novita |
Novita SA Company Return On Equity Analysis
Novita SA's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Novita SA Return On Equity | 0.17 |
Most of Novita SA's fundamental indicators, such as Return On Equity, 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, Novita SA is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Based on the latest financial disclosure, Novita SA has a Return On Equity of 0.1658. This is much higher than that of the sector and significantly higher than that of the Textile Manufacturing industry. The return on equity for all Poland stocks is notably lower than that of the firm.
Novita SA Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Novita SA's current stock value. Our valuation model uses many indicators to compare Novita SA value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Novita SA competition to find correlations between indicators driving Novita SA's intrinsic value. More Info.Novita SA is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers reporting about 0.57 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Novita SA is roughly 1.75 . 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 Novita SA's earnings, one of the primary drivers of an investment's value.Novita Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Novita SA's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Novita SA could also be used in its relative valuation, which is a method of valuing Novita SA by comparing valuation metrics of similar companies.Novita SA is currently under evaluation in return on equity category among its peers.
Novita Fundamentals
| Return On Equity | 0.17 | |||
| Return On Asset | 0.0948 | |||
| Profit Margin | 0.1 % | |||
| Operating Margin | 0.12 % | |||
| Current Valuation | 233.01 M | |||
| Shares Outstanding | 2.5 M | |||
| Shares Owned By Insiders | 91.75 % | |||
| Price To Book | 1.64 X | |||
| Price To Sales | 0.94 X | |||
| Revenue | 221.43 M | |||
| Gross Profit | 83.86 M | |||
| EBITDA | 66.47 M | |||
| Net Income | 61.04 M | |||
| Book Value Per Share | 56.05 X | |||
| Cash Flow From Operations | 54.04 M | |||
| Earnings Per Share | 9.28 X | |||
| Number Of Employees | 187 | |||
| Beta | 0.88 | |||
| Market Capitalization | 282.5 M | |||
| Total Asset | 196.01 M | |||
| Z Score | 1.0 | |||
| Annual Yield | 0.11 % | |||
| Net Asset | 196.01 M |
About Novita SA Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Novita SA's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Novita SA using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Novita SA 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 Novita SA
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 Novita SA 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 Novita SA will appreciate offsetting losses from the drop in the long position's value.Moving together with Novita Stock
Moving against Novita Stock
| 0.69 | PKN | Polski Koncern Naftowy | PairCorr |
| 0.65 | ING | ING Bank lski | PairCorr |
| 0.5 | PEO | Bank Polska Kasa | PairCorr |
| 0.4 | PZU | Powszechny Zaklad | PairCorr |
The ability to find closely correlated positions to Novita SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Novita SA 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 Novita SA - 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 Novita SA to buy it.
The correlation of Novita SA 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 Novita SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Novita SA 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 Novita SA 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 Novita Stock Analysis
When running Novita SA's price analysis, check to measure Novita SA'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 Novita SA is operating at the current time. Most of Novita SA's value examination focuses on studying past and present price action to predict the probability of Novita SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novita SA's price. Additionally, you may evaluate how the addition of Novita SA to your portfolios can decrease your overall portfolio volatility.