3M India Net Income vs. Book Value Per Share
| 3MINDIA Stock | 30,686 618.95 1.98% |
Net Income | First Reported 2011-12-31 | Previous Quarter 1.6 B | Current Value 1.3 B | Quarterly Volatility 465.3 M |
For 3M India profitability analysis, we use financial ratios and fundamental drivers that measure the ability of 3M India to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well 3M India Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between 3M India's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of 3M India Limited over time as well as its relative position and ranking within its peers.
3MINDIA |
3M India Limited Book Value Per Share vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining 3M India's current stock value. Our valuation model uses many indicators to compare 3M India value to that of its competitors to determine the firm's financial worth. 3M India Limited is number one stock in net income category among its peers. It also is number one stock in book value per share category among its peers . The ratio of Net Income to Book Value Per Share for 3M India Limited is about 3,061,260 . At present, 3M India'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 3M India by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for 3M India'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.3MINDIA Book Value Per Share 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.
3M India |
| = | 5.83 B |
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.
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
3M India |
| = | 1,906 X |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
3MINDIA Book Value Per Share Comparison
3M India is currently under evaluation in book value per share category among its peers.
3M India Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in 3M India, profitability is also one of the essential criteria for including it into their portfolios because, without profit, 3M India will eventually generate negative long term returns. The profitability progress is the general direction of 3M India's change in net profit over the period of time. It can combine multiple indicators of 3M India, 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 | -72.7 M | -76.3 M | |
| Operating Income | 12.2 B | 12.8 B | |
| Income Before Tax | 7.8 B | 8.2 B | |
| Total Other Income Expense Net | -4.4 B | -4.2 B | |
| Net Income | 5.8 B | 2.9 B | |
| Income Tax Expense | 2 B | 2.1 B | |
| Net Income From Continuing Ops | 5.8 B | 3 B | |
| Net Income Applicable To Common Shares | 5.2 B | 2.7 B | |
| Interest Income | 667 M | 700.3 M | |
| Net Interest Income | -32.2 M | -30.6 M | |
| Change To Netincome | -449 M | -471.4 M |
3MINDIA Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on 3M India. 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 3M India 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 3M India's important profitability drivers and their relationship over time.
Use 3M India 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 3M India 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 3M India will appreciate offsetting losses from the drop in the long position's value.3M India Pair Trading
3M India Limited Pair Trading Analysis
The ability to find closely correlated positions to 3M India could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 3M India 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 3M India - 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 3M India Limited to buy it.
The correlation of 3M India 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 3M India moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 3M India Limited 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 3M India 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 3M India position
In addition to having 3M India 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 Most Shorted Equities Thematic Idea Now
Most Shorted Equities
Dynamically calculated list of top equities currently trending upward via a buy-out by investors. The Most Shorted Equities theme has 228 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 Most Shorted Equities Theme or any other thematic opportunities.
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Other Information on Investing in 3MINDIA Stock
To fully project 3M India's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of 3M India Limited 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 3M India's income statement, its balance sheet, and the statement of cash flows.