Luoyang Glass Revenue vs. Current Valuation

600876 Stock   10.49  0.12  1.16%   
Based on Luoyang Glass' profitability indicators, Luoyang Glass may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Luoyang Glass' ability to earn profits and add value for shareholders.
 
Total Revenue  
First Reported
2002-06-30
Previous Quarter
1.5 B
Current Value
715.9 M
Quarterly Volatility
465.9 M
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
For Luoyang Glass profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Luoyang Glass to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Luoyang Glass utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Luoyang Glass's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Luoyang Glass over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Luoyang Glass' value and its price as these two are different measures arrived at by different means. Investors typically determine if Luoyang Glass is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Luoyang Glass' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Luoyang Glass Current Valuation vs. Revenue Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Luoyang Glass's current stock value. Our valuation model uses many indicators to compare Luoyang Glass value to that of its competitors to determine the firm's financial worth.
Luoyang Glass is the top company in revenue category among its peers. It also is the top company in current valuation category among its peers reporting about  1.47  of Current Valuation per Revenue. At present, Luoyang Glass' Total Revenue 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 Luoyang Glass by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Luoyang Glass' 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.

Luoyang Revenue vs. Competition

Luoyang Glass is the top company in revenue category among its peers. Market size based on revenue of Industrials industry is presently estimated at about 37.77 Billion. Luoyang Glass retains roughly 6.6 Billion in revenue claiming about 17% of equities under Industrials industry.

Luoyang Current Valuation vs. Revenue

Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.

Luoyang Glass

Revenue

 = 

Money Received

-

Discounts and Returns

 = 
6.6 B
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
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.

Luoyang Glass

Enterprise Value

 = 

Market Cap + Debt

-

Cash

 = 
9.71 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.

Luoyang Current Valuation vs Competition

Luoyang Glass is the top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Industrials industry is presently estimated at about 84.56 Billion. Luoyang Glass retains roughly 9.71 Billion in current valuation claiming about 11% of equities under Industrials industry.

Luoyang Glass Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Luoyang Glass, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Luoyang Glass will eventually generate negative long term returns. The profitability progress is the general direction of Luoyang Glass' change in net profit over the period of time. It can combine multiple indicators of Luoyang Glass, 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 ReportedProjected for Next Year
Operating Income536.4 M563.2 M
Income Before Tax501.4 M526.4 M
Net Income Applicable To Common Shares304.3 M319.5 M
Net Income394.7 M414.5 M
Income Tax Expense12.8 M14.6 M
Net Income From Continuing Ops464.8 M488.1 M
Total Other Income Expense Net-46.4 M-44.1 M
Net Interest Income-78.2 M-82.1 M
Interest Income7.6 M5.8 M
Change To Netincome271.3 M140.9 M

Luoyang Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Luoyang Glass. 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 Luoyang Glass 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 Luoyang Glass' important profitability drivers and their relationship over time.

Use Luoyang Glass 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 Luoyang Glass 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 Luoyang Glass will appreciate offsetting losses from the drop in the long position's value.

Luoyang Glass Pair Trading

Luoyang Glass Pair Trading Analysis

The ability to find closely correlated positions to Luoyang Glass could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Luoyang Glass 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 Luoyang Glass - 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 Luoyang Glass to buy it.
The correlation of Luoyang Glass 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 Luoyang Glass moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Luoyang Glass 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 Luoyang Glass 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Luoyang Glass position

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Other Information on Investing in Luoyang Stock

To fully project Luoyang Glass' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Luoyang Glass 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 Luoyang Glass' income statement, its balance sheet, and the statement of cash flows.
Potential Luoyang Glass investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Luoyang Glass investors may work on each financial statement separately, they are all related. The changes in Luoyang Glass's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Luoyang Glass's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.