China Marine Return On Asset vs. Book Value Per Share
| 600764 Stock | 27.53 0.18 0.66% |
For China Marine profitability analysis, we use financial ratios and fundamental drivers that measure the ability of China Marine to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well China Marine Information utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between China Marine's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of China Marine Information over time as well as its relative position and ranking within its peers.
China |
China Marine Information Book Value Per Share vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining China Marine's current stock value. Our valuation model uses many indicators to compare China Marine value to that of its competitors to determine the firm's financial worth. China Marine Information is number one stock in return on asset category among its peers. It also is number one stock in book value per share category among its peers creating about 637.99 of Book Value Per Share per Return On Asset. Comparative valuation analysis is a catch-all model that can be used if you cannot value China Marine by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for China Marine'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.China Book Value Per Share 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.
China Marine |
| = | 0.0179 |
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.
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.
China Marine |
| = | 11.42 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.
China Book Value Per Share Comparison
China Marine is currently under evaluation in book value per share category among its peers.
China Marine Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in China Marine, profitability is also one of the essential criteria for including it into their portfolios because, without profit, China Marine will eventually generate negative long term returns. The profitability progress is the general direction of China Marine's change in net profit over the period of time. It can combine multiple indicators of China Marine, 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 | ||
| Operating Income | 410.6 M | 223.5 M | |
| Income Before Tax | 344.5 M | 217.8 M | |
| Net Income Applicable To Common Shares | 672.7 M | 706.4 M | |
| Net Income | 308.6 M | 201.5 M | |
| Income Tax Expense | 55 M | 29.8 M | |
| Net Income From Continuing Ops | 325.9 M | 416.8 M | |
| Total Other Income Expense Net | 6.5 M | 6.2 M | |
| Net Interest Income | 9.3 M | 9.7 M | |
| Interest Income | 33.6 M | 19.6 M | |
| Change To Netincome | 22.2 M | 21.1 M |
China Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on China Marine. 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 China Marine 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 China Marine's important profitability drivers and their relationship over time.
Use China Marine 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 China Marine 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 China Marine will appreciate offsetting losses from the drop in the long position's value.China Marine Pair Trading
China Marine Information Pair Trading Analysis
The ability to find closely correlated positions to China Marine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Marine 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 China Marine - 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 China Marine Information to buy it.
The correlation of China Marine 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 China Marine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Marine Information 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 China Marine 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 China Marine position
In addition to having China Marine 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 China Stock
To fully project China Marine's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of China Marine Information 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 China Marine's income statement, its balance sheet, and the statement of cash flows.