Qnity Electronics, Stock Net Income
| Q Stock | 84.01 0.42 0.50% |
Qnity Electronics,'s fundamental analysis aims to assess its intrinsic value by examining key economic and financial indicators - such as cash flow records, changes in balance sheet accounts, income statement trends, financial ratios, and relevant microeconomic factors affecting Qnity Stock price.
| Last Reported | Projected for Next Year | ||
| Net Income From Continuing Ops | 465 M | 479.7 M | |
| Net Income Applicable To Common Shares | 693 M | 526.4 M | |
| Net Income | 724 M | 548.8 M | |
| Net Income Per Share | 3.31 | 3.45 | |
| Net Income Per E B T | 0.77 | 0.87 |
Qnity Electronics, Company Net Income Analysis
Qnity Electronics,'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 Qnity Electronics, Net Income | 724 M |
Most of Qnity Electronics,'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, Qnity Electronics, is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Qnity Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for Qnity Electronics, is extremely important. It helps to project a fair market value of Qnity Stock properly, considering its historical fundamentals such as Net Income. Since Qnity Electronics,'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 Qnity Electronics,'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 Qnity Electronics,'s interrelated accounts and indicators.
Click cells to compare fundamentals
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 |
Based on the recorded statements, Qnity Electronics, reported net income of 724 M. This is 112.14% higher than that of the sector and 75.87% lower than that of the Information Technology industry. The net income for all United States stocks is 26.8% lower than that of the firm.
Qnity Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Qnity Electronics,'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 Qnity Electronics, could also be used in its relative valuation, which is a method of valuing Qnity Electronics, by comparing valuation metrics of similar companies.Qnity Electronics, is currently under evaluation in net income category among its peers.
Qnity Fundamentals
| Profit Margin | 0.17 % | ||||
| Operating Margin | 0.21 % | ||||
| Shares Outstanding | 209.43 M | ||||
| Shares Owned By Insiders | 0.04 % | ||||
| Price To Earning | 424.10 X | ||||
| Price To Sales | 4.46 X | ||||
| Revenue | 4.33 B | ||||
| Gross Profit | 2.12 B | ||||
| EBITDA | 1.29 B | ||||
| Net Income | 724 M | ||||
| Cash And Equivalents | 166 M | ||||
| Cash Per Share | 5.43 X | ||||
| Total Debt | 191 M | ||||
| Debt To Equity | 130.00 % | ||||
| Current Ratio | 1.22 X | ||||
| Book Value Per Share | 30.74 X | ||||
| Cash Flow From Operations | 1.06 B | ||||
| Earnings Per Share | 1.99 X | ||||
| Price To Earnings To Growth | 1.60 X | ||||
| Number Of Employees | 10 K | ||||
| Beta | 0.6 | ||||
| Market Capitalization | 20.23 B | ||||
| Total Asset | 12.27 B | ||||
| Retained Earnings | (461.63 M) | ||||
| Working Capital | 644 M | ||||
| Current Asset | 2.64 B | ||||
| Current Liabilities | 1.62 B | ||||
| Net Asset | 12.27 B |
About Qnity Electronics, Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Qnity Electronics,'s financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Qnity Electronics, using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Qnity Electronics, 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 Qnity Electronics,
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 Qnity Electronics, 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 Qnity Electronics, will appreciate offsetting losses from the drop in the long position's value.Moving against Qnity Stock
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| 0.35 | DLX | Deluxe | PairCorr |
The ability to find closely correlated positions to Qnity Electronics, could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Qnity Electronics, 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 Qnity Electronics, - 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 Qnity Electronics, to buy it.
The correlation of Qnity Electronics, 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 Qnity Electronics, moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Qnity Electronics, 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 Qnity Electronics, 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 Qnity Stock Analysis
When running Qnity Electronics,'s price analysis, check to measure Qnity Electronics,'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 Qnity Electronics, is operating at the current time. Most of Qnity Electronics,'s value examination focuses on studying past and present price action to predict the probability of Qnity Electronics,'s future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Qnity Electronics,'s price. Additionally, you may evaluate how the addition of Qnity Electronics, to your portfolios can decrease your overall portfolio volatility.