Tianshan Aluminum Price To Book vs. Total Debt
| 002532 Stock | 8.01 0.55 6.43% |
For Tianshan Aluminum profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Tianshan Aluminum to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Tianshan Aluminum Group utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Tianshan Aluminum's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Tianshan Aluminum Group over time as well as its relative position and ranking within its peers.
Tianshan |
Tianshan Aluminum Total Debt vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Tianshan Aluminum's current stock value. Our valuation model uses many indicators to compare Tianshan Aluminum value to that of its competitors to determine the firm's financial worth. Tianshan Aluminum Group is number one stock in price to book category among its peers. It also is the top company in total debt category among its peers making up about 6,244,722,129 of Total Debt per Price To Book. Comparative valuation analysis is a catch-all model that can be used if you cannot value Tianshan Aluminum by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Tianshan Aluminum's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Tianshan Total Debt vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Tianshan Aluminum |
| = | 1.41 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Tianshan Aluminum |
| = | 8.81 B |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
Tianshan Total Debt vs Competition
Tianshan Aluminum Group is the top company in total debt category among its peers. Total debt of Industrials industry is presently estimated at about 13.96 Billion. Tianshan Aluminum totals roughly 8.81 Billion in total debt claiming about 63% of equities under Industrials industry.
Tianshan Aluminum Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Tianshan Aluminum, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Tianshan Aluminum will eventually generate negative long term returns. The profitability progress is the general direction of Tianshan Aluminum's change in net profit over the period of time. It can combine multiple indicators of Tianshan Aluminum, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Operating Income | 3.4 B | 3.6 B | |
| Income Before Tax | 2.7 B | 2.8 B | |
| Net Income Applicable To Common Shares | 3 B | 3.2 B | |
| Net Income | 2.2 B | 2.3 B | |
| Income Tax Expense | 822.3 M | 863.4 M | |
| Net Income From Continuing Ops | 2.2 B | 1.4 B | |
| Total Other Income Expense Net | -100.9 K | -95.8 K | |
| Net Interest Income | -769.4 M | -730.9 M | |
| Interest Income | 148.2 M | 83.5 M | |
| Change To Netincome | 985.9 M | 797 M |
Tianshan Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Tianshan Aluminum. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Tianshan Aluminum position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Tianshan Aluminum's important profitability drivers and their relationship over time.
Use Tianshan Aluminum in pair-trading
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 Tianshan Aluminum 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 Tianshan Aluminum will appreciate offsetting losses from the drop in the long position's value.Tianshan Aluminum Pair Trading
Tianshan Aluminum Group Pair Trading Analysis
The ability to find closely correlated positions to Tianshan Aluminum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tianshan Aluminum 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 Tianshan Aluminum - 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 Tianshan Aluminum Group to buy it.
The correlation of Tianshan Aluminum 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 Tianshan Aluminum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tianshan Aluminum 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 Tianshan Aluminum 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.Use Investing Themes to Complement your Tianshan Aluminum position
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Other Information on Investing in Tianshan Stock
To fully project Tianshan Aluminum's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Tianshan Aluminum at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Tianshan Aluminum's income statement, its balance sheet, and the statement of cash flows.