New Hope EBITDA vs. Shares Outstanding
| 002946 Stock | 15.69 0.80 5.37% |
EBITDA | First Reported 2010-12-31 | Previous Quarter 1.2 B | Current Value 818.6 M | Quarterly Volatility 211.9 M |
For New Hope profitability analysis, we use financial ratios and fundamental drivers that measure the ability of New Hope to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well New Hope Dairy utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between New Hope's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of New Hope Dairy over time as well as its relative position and ranking within its peers.
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New Hope Dairy Shares Outstanding vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining New Hope's current stock value. Our valuation model uses many indicators to compare New Hope value to that of its competitors to determine the firm's financial worth. New Hope Dairy is rated second in ebitda category among its peers. It is number one stock in shares outstanding category among its peers creating about 0.70 of Shares Outstanding per EBITDA. The ratio of EBITDA to Shares Outstanding for New Hope Dairy is roughly 1.43 . At present, New Hope's EBITDA is projected to increase significantly based on the last few years of reporting. Comparative valuation analysis is a catch-all model that can be used if you cannot value New Hope by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for New Hope'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.New Shares Outstanding vs. EBITDA
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
New Hope |
| = | 1.23 B |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
New Hope |
| = | 860.67 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
New Shares Outstanding Comparison
New Hope is currently under evaluation in shares outstanding category among its peers.
New Hope Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in New Hope, profitability is also one of the essential criteria for including it into their portfolios because, without profit, New Hope will eventually generate negative long term returns. The profitability progress is the general direction of New Hope's change in net profit over the period of time. It can combine multiple indicators of New Hope, 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 | 769.3 M | 412 M | |
| Net Income From Continuing Ops | 437.7 M | 316.2 M | |
| Income Before Tax | 508.8 M | 354.1 M | |
| Total Other Income Expense Net | 9.6 M | 9.2 M | |
| Net Income Applicable To Common Shares | 415.7 M | 289.6 M | |
| Net Income | 430.8 M | 310.1 M | |
| Income Tax Expense | 39.4 M | 23.9 M | |
| Net Interest Income | -144.3 M | -151.6 M | |
| Interest Income | 14.1 M | 9.6 M | |
| Change To Netincome | 152 M | 159.6 M |
New Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on New Hope. 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 New Hope 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 New Hope's important profitability drivers and their relationship over time.
Use New Hope 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 New Hope 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 New Hope will appreciate offsetting losses from the drop in the long position's value.New Hope Pair Trading
New Hope Dairy Pair Trading Analysis
The ability to find closely correlated positions to New Hope could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Hope 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 New Hope - 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 New Hope Dairy to buy it.
The correlation of New Hope 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 New Hope moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Hope Dairy 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 New Hope 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 New Hope position
In addition to having New Hope in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Commodities Funds Thematic Idea Now
Commodities Funds
Funds or Etfs investing in commodities such as oil, gold, corn, soy, and agricultural goods. The Commodities Funds theme has 44 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Commodities Funds Theme or any other thematic opportunities.
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Other Information on Investing in New Stock
To fully project New Hope's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of New Hope Dairy 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 New Hope's income statement, its balance sheet, and the statement of cash flows.