Contec Medical EBITDA vs. Total Debt
| 300869 Stock | 15.12 0.77 4.85% |
EBITDA | First Reported 2010-12-31 | Previous Quarter 136.7 M | Current Value 214.3 M | Quarterly Volatility 184.6 M |
For Contec Medical profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Contec Medical to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Contec Medical Systems utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Contec Medical's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Contec Medical Systems over time as well as its relative position and ranking within its peers.
Contec |
Contec Medical Systems Total Debt vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Contec Medical's current stock value. Our valuation model uses many indicators to compare Contec Medical value to that of its competitors to determine the firm's financial worth. Contec Medical Systems is number one stock in ebitda category among its peers. It also is the top company in total debt category among its peers making up about 7.66 of Total Debt per EBITDA. At present, Contec Medical'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 Contec Medical by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Contec Medical'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.Contec Total Debt 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.
Contec Medical |
| = | 136.65 M |
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.
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.
Contec Medical |
| = | 1.05 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.
Contec Total Debt vs Competition
Contec Medical Systems is the top company in total debt category among its peers. Total debt of Health Care industry is presently estimated at about 24.39 Billion. Contec Medical holds roughly 1.05 Billion in total debt claiming about 4% of equities under Health Care industry.
Contec Medical Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Contec Medical, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Contec Medical will eventually generate negative long term returns. The profitability progress is the general direction of Contec Medical's change in net profit over the period of time. It can combine multiple indicators of Contec Medical, 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 | ||
| Accumulated Other Comprehensive Income | 207.3 M | 150.1 M | |
| Operating Income | 109.1 M | 194 M | |
| Income Before Tax | 186.1 M | 208 M | |
| Total Other Income Expense Net | 77 M | 80.8 M | |
| Net Income | 165.8 M | 181.4 M | |
| Income Tax Expense | 20.4 M | 26.7 M | |
| Net Interest Income | 33.8 M | 32.2 M | |
| Interest Income | 81.2 M | 43.1 M | |
| Net Income From Continuing Ops | 165.8 M | 226.1 M | |
| Net Income Applicable To Common Shares | 225.6 M | 232.3 M | |
| Change To Netincome | -84 M | -79.8 M |
Contec Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Contec Medical. 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 Contec Medical 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 Contec Medical's important profitability drivers and their relationship over time.
Use Contec Medical 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 Contec Medical 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 Contec Medical will appreciate offsetting losses from the drop in the long position's value.Contec Medical Pair Trading
Contec Medical Systems Pair Trading Analysis
The ability to find closely correlated positions to Contec Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Contec Medical 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 Contec Medical - 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 Contec Medical Systems to buy it.
The correlation of Contec Medical 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 Contec Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Contec Medical Systems 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 Contec Medical 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 Contec Medical position
In addition to having Contec Medical 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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Other Information on Investing in Contec Stock
To fully project Contec Medical's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Contec Medical Systems 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 Contec Medical's income statement, its balance sheet, and the statement of cash flows.