Smlp Old Stock Return On Equity
SMLP Old fundamentals help investors to digest information that contributes to SMLP Old's financial success or failures. It also enables traders to predict the movement of SMLP Stock. The fundamental analysis module provides a way to measure SMLP Old'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 SMLP Old stock.
SMLP |
SMLP Old Company Return On Equity Analysis
SMLP Old'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 SMLP Old Return On Equity | 0.12 |
Most of SMLP Old'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, SMLP Old 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.
CompetitionBased on the latest financial disclosure, SMLP Old has a Return On Equity of 0.1173. This is 105.92% lower than that of the Oil, Gas & Consumable Fuels sector and 96.41% lower than that of the Energy industry. The return on equity for all United States stocks is 137.84% lower than that of the firm.
SMLP Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses SMLP Old'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 SMLP Old could also be used in its relative valuation, which is a method of valuing SMLP Old by comparing valuation metrics of similar companies.SMLP Old is currently under evaluation in return on equity category among its peers.
SMLP Fundamentals
| Return On Equity | 0.12 | |||
| Return On Asset | 0.0216 | |||
| Profit Margin | 0.23 % | |||
| Operating Margin | 0.18 % | |||
| Current Valuation | 1.43 B | |||
| Shares Outstanding | 10.65 M | |||
| Shares Owned By Insiders | 13.00 % | |||
| Shares Owned By Institutions | 35.02 % | |||
| Number Of Shares Shorted | 191.93 K | |||
| Price To Earning | 0.28 X | |||
| Price To Book | 0.41 X | |||
| Price To Sales | 0.64 X | |||
| Revenue | 458.9 M | |||
| Gross Profit | 209.55 M | |||
| EBITDA | 205.79 M | |||
| Net Income | (38.95 M) | |||
| Cash And Equivalents | 12.37 M | |||
| Cash Per Share | 1.22 X | |||
| Total Debt | 1.48 B | |||
| Debt To Equity | 1.35 % | |||
| Current Ratio | 0.91 X | |||
| Book Value Per Share | 70.29 X | |||
| Cash Flow From Operations | 126.91 M | |||
| Short Ratio | 5.40 X | |||
| Earnings Per Share | 7.18 X | |||
| Price To Earnings To Growth | 20.05 X | |||
| Target Price | 22.0 | |||
| Number Of Employees | 244 | |||
| Beta | 2.45 | |||
| Market Capitalization | 390.91 M | |||
| Total Asset | 2.49 B | |||
| Retained Earnings | (143.41 M) | |||
| Working Capital | (35.59 M) | |||
| Current Asset | 114.95 M | |||
| Current Liabilities | 91.58 M | |||
| Five Year Return | 27.22 % | |||
| Net Asset | 2.49 B |
About SMLP Old Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze SMLP Old's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SMLP Old using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SMLP Old 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 SMLP Old
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 SMLP Old 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 SMLP Old will appreciate offsetting losses from the drop in the long position's value.Moving together with SMLP Stock
Moving against SMLP Stock
| 0.69 | HPQ | HP Inc | PairCorr |
| 0.63 | PBCRF | PT Bank Central | PairCorr |
| 0.63 | JNJ | Johnson Johnson | PairCorr |
| 0.63 | VZ | Verizon Communications | PairCorr |
| 0.63 | AA | Alcoa Corp | PairCorr |
The ability to find closely correlated positions to SMLP Old could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SMLP Old 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 SMLP Old - 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 SMLP Old to buy it.
The correlation of SMLP Old 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 SMLP Old moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SMLP Old 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 SMLP Old 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 World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Other Consideration for investing in SMLP Stock
If you are still planning to invest in SMLP Old check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the SMLP Old's history and understand the potential risks before investing.
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