China Metal Current Valuation vs. Cash Per Share
| 1532 Stock | TWD 33.20 0.10 0.30% |
For China Metal profitability analysis, we use financial ratios and fundamental drivers that measure the ability of China Metal to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well China Metal Products utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between China Metal's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of China Metal Products over time as well as its relative position and ranking within its peers.
China |
China Metal Products Cash Per Share vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining China Metal's current stock value. Our valuation model uses many indicators to compare China Metal value to that of its competitors to determine the firm's financial worth. China Metal Products is the top company in current valuation category among its peers. It also is number one stock in cash per share category among its peers . The ratio of Current Valuation to Cash Per Share for China Metal Products is about 3,001,032,752 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the China Metal's earnings, one of the primary drivers of an investment's value.China Current Valuation vs. Competition
China Metal Products is the top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is presently estimated at about 511.04 Billion. China Metal holds roughly 29.08 Billion in current valuation claiming about 6% of all equities under Materials industry.
China Cash Per Share vs. Current Valuation
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.
China Metal |
| = | 29.08 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.
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
China Metal |
| = | 9.69 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
China Cash Per Share Comparison
China Metal is currently under evaluation in cash per share category among its peers.
China Metal Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in China Metal, profitability is also one of the essential criteria for including it into their portfolios because, without profit, China Metal will eventually generate negative long term returns. The profitability progress is the general direction of China Metal's change in net profit over the period of time. It can combine multiple indicators of China Metal, 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.
China Metal Products Co., Ltd. designs, manufactures, and retails iron casting products in Taiwan, the United States, Japan, China, Europe, South America, and internationally. China Metal Products Co., Ltd. was founded in 1972 and is based in Taipei City, Taiwan. CHINA METAL operates under Metal Fabrication classification in Taiwan and is traded on Taiwan Stock Exchange.
China Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on China Metal. 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 China Metal 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 China Metal's important profitability drivers and their relationship over time.
Use China Metal 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 China Metal 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 China Metal will appreciate offsetting losses from the drop in the long position's value.China Metal Pair Trading
China Metal Products Pair Trading Analysis
The ability to find closely correlated positions to China Metal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Metal 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 China Metal - 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 China Metal Products to buy it.
The correlation of China Metal 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 China Metal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Metal Products 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 China Metal 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 China Metal position
In addition to having China Metal 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 Casinos Thematic Idea Now
Casinos
Companies that are related to providing casino-type services across multiple geographical areas. The Casinos theme has 51 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 Casinos Theme or any other thematic opportunities.
| View All Next | Launch |
Additional Tools for China Stock Analysis
When running China Metal's price analysis, check to measure China Metal'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 China Metal is operating at the current time. Most of China Metal's value examination focuses on studying past and present price action to predict the probability of China Metal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Metal's price. Additionally, you may evaluate how the addition of China Metal to your portfolios can decrease your overall portfolio volatility.