Phihong Technology Return On Asset vs. Current Valuation
| 2457 Stock | TWD 41.10 0.20 0.49% |
For Phihong Technology profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Phihong Technology to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Phihong Technology Co utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Phihong Technology's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Phihong Technology Co over time as well as its relative position and ranking within its peers.
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Phihong Technology Current Valuation vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Phihong Technology's current stock value. Our valuation model uses many indicators to compare Phihong Technology value to that of its competitors to determine the firm's financial worth. Phihong Technology Co is number one stock in return on asset category among its peers. It also is the top company in current valuation category among its peers . 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 Phihong Technology's earnings, one of the primary drivers of an investment's value.Phihong Current Valuation vs. Return On Asset
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Phihong Technology |
| = | -0.0088 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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.
Phihong Technology |
| = | 15.57 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.
Phihong Current Valuation vs Competition
Phihong Technology Co is the top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Industrials industry is presently estimated at about 81.6 Billion. Phihong Technology retains roughly 15.57 Billion in current valuation claiming about 19% of equities under Industrials industry.
Phihong Technology Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Phihong Technology, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Phihong Technology will eventually generate negative long term returns. The profitability progress is the general direction of Phihong Technology's change in net profit over the period of time. It can combine multiple indicators of Phihong Technology, 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.
Phihong Technology Co., Ltd. manufactures and sells power supply products in Taiwan and internationally. Phihong Technology Co., Ltd. was founded in 1972 and is headquartered in Taoyuan, Taiwan. PHIHONG TECHNOLOGY operates under Electrical Equipment Parts classification in Taiwan and is traded on Taiwan Stock Exchange.
Phihong Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Phihong Technology. 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 Phihong Technology 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 Phihong Technology's important profitability drivers and their relationship over time.
Use Phihong Technology 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 Phihong Technology 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 Phihong Technology will appreciate offsetting losses from the drop in the long position's value.Phihong Technology Pair Trading
Phihong Technology Co Pair Trading Analysis
The ability to find closely correlated positions to Phihong Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Phihong Technology 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 Phihong Technology - 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 Phihong Technology Co to buy it.
The correlation of Phihong Technology 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 Phihong Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Phihong Technology 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 Phihong Technology 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 Phihong Technology position
In addition to having Phihong Technology 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?
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Additional Tools for Phihong Stock Analysis
When running Phihong Technology's price analysis, check to measure Phihong Technology'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 Phihong Technology is operating at the current time. Most of Phihong Technology's value examination focuses on studying past and present price action to predict the probability of Phihong Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Phihong Technology's price. Additionally, you may evaluate how the addition of Phihong Technology to your portfolios can decrease your overall portfolio volatility.