Elite Color Net Income vs. Current Valuation
| 002998 Stock | 6.62 0.22 3.22% |
Net Income | First Reported 2019-09-30 | Previous Quarter 35.5 M | Current Value 34.3 M | Quarterly Volatility 12.2 M |
For Elite Color profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Elite Color to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Elite Color Environmental utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Elite Color's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Elite Color Environmental over time as well as its relative position and ranking within its peers.
Elite |
Elite Color Environmental Current Valuation vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Elite Color's current stock value. Our valuation model uses many indicators to compare Elite Color value to that of its competitors to determine the firm's financial worth. Elite Color Environmental is rated below average in net income category among its peers. It also is rated below average in current valuation category among its peers reporting about 17.25 of Current Valuation per Net Income. At present, Elite Color's Net Income 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 Elite Color by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Elite Color'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.Elite Current Valuation vs. Net Income
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.
Elite Color |
| = | 137.04 M |
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.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Elite Color |
| = | 2.36 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Elite Current Valuation vs Competition
Elite Color Environmental is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is presently estimated at about 1.43 Trillion. Elite Color adds roughly 2.36 Billion in current valuation claiming only tiny portion of all equities under Materials industry.
Elite Color Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Elite Color, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Elite Color will eventually generate negative long term returns. The profitability progress is the general direction of Elite Color's change in net profit over the period of time. It can combine multiple indicators of Elite Color, 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 | ||
| Net Interest Income | -11.7 M | -12.3 M | |
| Interest Income | 4.4 M | 4.6 M | |
| Operating Income | 175.8 M | 132 M | |
| Net Income From Continuing Ops | 137 M | 105.2 M | |
| Income Before Tax | 149 M | 119.8 M | |
| Net Income Applicable To Common Shares | 89.3 M | 98.7 M | |
| Net Income | 137 M | 105.2 M | |
| Income Tax Expense | 18.8 M | 16.9 M | |
| Change To Netincome | 17.6 M | 11 M |
Elite Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Elite Color. 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 Elite Color 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 Elite Color's important profitability drivers and their relationship over time.
Use Elite Color 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 Elite Color 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 Elite Color will appreciate offsetting losses from the drop in the long position's value.Elite Color Pair Trading
Elite Color Environmental Pair Trading Analysis
The ability to find closely correlated positions to Elite Color could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elite Color 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 Elite Color - 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 Elite Color Environmental to buy it.
The correlation of Elite Color 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 Elite Color moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elite Color Environmental 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 Elite Color 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 Elite Color position
In addition to having Elite Color 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 Technology Thematic Idea Now
Technology
Companies that are involved in development or distribution of technologically based goods and services such as software, IT or electronics. The Technology theme has 30 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 Technology Theme or any other thematic opportunities.
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Other Information on Investing in Elite Stock
To fully project Elite Color's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Elite Color Environmental 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 Elite Color's income statement, its balance sheet, and the statement of cash flows.