Skycorp Solar Group Stock Net Income
| PN Stock | 0.73 0 0.41% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess Skycorp Solar's long-term financial health and intrinsic value.
| Last Reported | Projected for Next Year | ||
| Net Income From Continuing Ops | 1 M | 1.5 M | |
| Net Income | 1 M | 1.5 M | |
| Net Income Per Share | 0.02 | 0.02 | |
| Net Income Per E B T | 0.42 | 0.54 |
Skycorp | Net Income | Build AI portfolio with Skycorp Stock |
Skycorp Solar Group Company Net Income Analysis
Skycorp Solar's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Skycorp Solar Net Income | (817 K) |
Most of Skycorp Solar's fundamental indicators, such as Net Income, 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, Skycorp Solar Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Skycorp Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for Skycorp Solar is extremely important. It helps to project a fair market value of Skycorp Stock properly, considering its historical fundamentals such as Net Income. Since Skycorp Solar'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 Skycorp Solar'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 Skycorp Solar's interrelated accounts and indicators.
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Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Skycorp Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, Skycorp Solar Group reported net income of (817,000). This is 100.15% lower than that of the Electrical Equipment sector and significantly lower than that of the Industrials industry. The net income for all United States stocks is 100.14% higher than that of the company.
Skycorp Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Skycorp Solar's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Skycorp Solar could also be used in its relative valuation, which is a method of valuing Skycorp Solar by comparing valuation metrics of similar companies.Skycorp Solar is currently under evaluation in net income category among its peers.
Skycorp Fundamentals
| Return On Equity | 0.0651 | ||||
| Return On Asset | 0.0228 | ||||
| Profit Margin | 0.01 % | ||||
| Operating Margin | 0.02 % | ||||
| Current Valuation | 98.69 M | ||||
| Shares Outstanding | 27 M | ||||
| Number Of Shares Shorted | 11.74 K | ||||
| Price To Earning | (51.67) X | ||||
| Price To Book | 6.15 X | ||||
| Price To Sales | 2.11 X | ||||
| Revenue | 49.86 M | ||||
| Gross Profit | 6.53 M | ||||
| EBITDA | 1.44 M | ||||
| Net Income | (817 K) | ||||
| Cash And Equivalents | 91.89 M | ||||
| Cash Per Share | 2.93 X | ||||
| Total Debt | 2.88 M | ||||
| Debt To Equity | 0.39 % | ||||
| Current Ratio | 1.26 X | ||||
| Book Value Per Share | 0.66 X | ||||
| Cash Flow From Operations | 2.57 M | ||||
| Earnings Per Share | 0.02 X | ||||
| Price To Earnings To Growth | 0.03 X | ||||
| Number Of Employees | 113 | ||||
| Market Capitalization | 105.17 M | ||||
| Total Asset | 31.95 M | ||||
| Retained Earnings | 14.28 M | ||||
| Working Capital | 12.67 M | ||||
| Current Asset | 65.34 M | ||||
| Current Liabilities | 90.73 M | ||||
| Net Asset | 31.95 M |
About Skycorp Solar Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Skycorp Solar Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Skycorp Solar using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Skycorp Solar Group 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 Skycorp Solar
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 Skycorp Solar 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 Skycorp Solar will appreciate offsetting losses from the drop in the long position's value.Moving against Skycorp Stock
| 0.84 | 002823 | Shenzhen Kaizhong | PairCorr |
| 0.74 | 601311 | Camel Group | PairCorr |
| 0.73 | 688032 | Hoymiles Power Elect | PairCorr |
| 0.71 | 002869 | Shenzhen Genvict Tec | PairCorr |
| 0.71 | 002212 | Topsec Technologies | PairCorr |
The ability to find closely correlated positions to Skycorp Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Skycorp Solar 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 Skycorp Solar - 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 Skycorp Solar Group to buy it.
The correlation of Skycorp Solar 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 Skycorp Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Skycorp Solar Group 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 Skycorp Solar 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 Skycorp Solar Piotroski F Score and Skycorp Solar Altman Z Score analysis. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Electrical Components & 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 Skycorp Solar. If investors know Skycorp 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 Skycorp Solar 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 (0.93) | Earnings Share 0.02 | Revenue Per Share | Quarterly Revenue Growth (0.04) | Return On Assets |
The market value of Skycorp Solar Group is measured differently than its book value, which is the value of Skycorp that is recorded on the company's balance sheet. Investors also form their own opinion of Skycorp Solar's value that differs from its market value or its book value, called intrinsic value, which is Skycorp Solar'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 Skycorp Solar's market value can be influenced by many factors that don't directly affect Skycorp Solar'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 Skycorp Solar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Skycorp Solar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Skycorp Solar'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.