New Era EBITDA vs. Price To Book
| 4909 Stock | TWD 114.50 3.50 3.15% |
For New Era profitability analysis, we use financial ratios and fundamental drivers that measure the ability of New Era to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well New Era Electronics utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between New Era's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of New Era Electronics over time as well as its relative position and ranking within its peers.
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New Era Electronics Price To Book vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining New Era's current stock value. Our valuation model uses many indicators to compare New Era value to that of its competitors to determine the firm's financial worth. New Era Electronics is number one stock in ebitda category among its peers. It also is number one stock in price to book 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 New Era's earnings, one of the primary drivers of an investment's value.New Price To Book 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.
New Era |
| = | (96.74 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.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
New Era |
| = | 0.64 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
New Price To Book Comparison
New Era is currently under evaluation in price to book category among its peers.
New Era Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in New Era, profitability is also one of the essential criteria for including it into their portfolios because, without profit, New Era will eventually generate negative long term returns. The profitability progress is the general direction of New Era's change in net profit over the period of time. It can combine multiple indicators of New Era, 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.
New Era Electronics Co., Ltd engages in the design, manufacture, and sale of printed circuit boards in Taiwan and internationally. The company was founded in 1984 and is based in Taoyuan, Taiwan. NEW ERA operates under Contract Manufacturers classification in Taiwan and is traded on Taiwan OTC Exchange.
New Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on New Era. 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 New Era 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 New Era's important profitability drivers and their relationship over time.
Use New Era 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 New Era 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 New Era will appreciate offsetting losses from the drop in the long position's value.New Era Pair Trading
New Era Electronics Pair Trading Analysis
The ability to find closely correlated positions to New Era could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Era 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 New Era - 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 New Era Electronics to buy it.
The correlation of New Era 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 New Era moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Era Electronics 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 New Era 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 New Era position
In addition to having New Era 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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Energy ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Energy ETFs theme has 92 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 Energy ETFs Theme or any other thematic opportunities.
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Additional Tools for New Stock Analysis
When running New Era's price analysis, check to measure New Era'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 New Era is operating at the current time. Most of New Era's value examination focuses on studying past and present price action to predict the probability of New Era's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Era's price. Additionally, you may evaluate how the addition of New Era to your portfolios can decrease your overall portfolio volatility.