ITE Tech Current Valuation vs. Cash Per Share
| 3014 Stock | TWD 140.50 2.00 1.44% |
For ITE Tech profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ITE Tech to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ITE Tech utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ITE Tech's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ITE Tech over time as well as its relative position and ranking within its peers.
ITE |
ITE Tech Cash Per Share vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining ITE Tech's current stock value. Our valuation model uses many indicators to compare ITE Tech value to that of its competitors to determine the firm's financial worth. ITE Tech is rated fifth in current valuation category among its peers. It is rated third in cash per share category among its peers . The ratio of Current Valuation to Cash Per Share for ITE Tech is about 641,915,121 . 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 ITE Tech's earnings, one of the primary drivers of an investment's value.ITE Current Valuation vs. Competition
ITE Tech is rated fifth in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Information Technology industry is presently estimated at about 237.34 Billion. ITE Tech holds roughly 10.12 Billion in current valuation claiming about 4% of equities under Information Technology industry.
ITE 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.
ITE Tech |
| = | 10.12 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.
ITE Tech |
| = | 15.76 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.
ITE Cash Per Share Comparison
ITE Tech is currently under evaluation in cash per share category among its peers.
ITE Tech Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in ITE Tech, profitability is also one of the essential criteria for including it into their portfolios because, without profit, ITE Tech will eventually generate negative long term returns. The profitability progress is the general direction of ITE Tech's change in net profit over the period of time. It can combine multiple indicators of ITE Tech, 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.
Inc, a professional fabless IC design company, provides IO, keyboard, and embedded controller technology products in Taiwan and internationally. Inc was founded in 1996 and is headquartered in Hsinchu, Taiwan. ITE TECH operates under Semiconductors classification in Taiwan and is traded on Taiwan Stock Exchange.
ITE Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on ITE Tech. 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 ITE Tech 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 ITE Tech's important profitability drivers and their relationship over time.
Use ITE Tech 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 ITE Tech 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 ITE Tech will appreciate offsetting losses from the drop in the long position's value.ITE Tech Pair Trading
ITE Tech Pair Trading Analysis
The ability to find closely correlated positions to ITE Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ITE Tech 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 ITE Tech - 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 ITE Tech to buy it.
The correlation of ITE Tech 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 ITE Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ITE Tech 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 ITE Tech 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 ITE Tech position
In addition to having ITE Tech 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 Hybrid Mix Funds Thematic Idea Now
Hybrid Mix Funds
Funds or Etfs that are made of portfolios of stocks, bonds, or cash instruments with different maturity horizons and characteristics. The Hybrid Mix Funds theme has 37 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 Hybrid Mix Funds Theme or any other thematic opportunities.
| View All Next | Launch |
Additional Tools for ITE Stock Analysis
When running ITE Tech's price analysis, check to measure ITE Tech'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 ITE Tech is operating at the current time. Most of ITE Tech's value examination focuses on studying past and present price action to predict the probability of ITE Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ITE Tech's price. Additionally, you may evaluate how the addition of ITE Tech to your portfolios can decrease your overall portfolio volatility.