ELEMENT FLEET Cash Per Share vs. Book Value Per Share
| 61F Stock | EUR 19.30 0.60 3.02% |
For ELEMENT FLEET profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ELEMENT FLEET to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ELEMENT FLEET MGMT utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ELEMENT FLEET's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ELEMENT FLEET MGMT over time as well as its relative position and ranking within its peers.
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ELEMENT FLEET MGMT Book Value Per Share vs. Cash Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining ELEMENT FLEET's current stock value. Our valuation model uses many indicators to compare ELEMENT FLEET value to that of its competitors to determine the firm's financial worth. ELEMENT FLEET MGMT is number one stock in cash per share category among its peers. It also is number one stock in book value per share category among its peers creating about 62.90 of Book Value Per Share per Cash Per Share. 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 ELEMENT FLEET's earnings, one of the primary drivers of an investment's value.ELEMENT Book Value Per Share vs. Cash Per Share
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.
ELEMENT FLEET |
| = | 0.13 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.
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.
ELEMENT FLEET |
| = | 8.18 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.
ELEMENT Book Value Per Share Comparison
ELEMENT FLEET is currently under evaluation in book value per share category among its peers.
ELEMENT FLEET Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in ELEMENT FLEET, profitability is also one of the essential criteria for including it into their portfolios because, without profit, ELEMENT FLEET will eventually generate negative long term returns. The profitability progress is the general direction of ELEMENT FLEET's change in net profit over the period of time. It can combine multiple indicators of ELEMENT FLEET, 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.
Element Fleet Management Corp. operates as a fleet management company in Canada, the United States, Mexico, Australia, and New Zealand. It serves agriculture, business services, chemical, construction, consumer products, education and non-profit, energy, food and beverage, insurance, manufacturing, pharmaceutical and healthcare, professional services, telecommunications, transportation, and utility industries. ELEMENT FLEET operates under Rental Leasing Services classification in Germany and is traded on Frankfurt Stock Exchange. It employs 2500 people.
ELEMENT Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on ELEMENT FLEET. 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 ELEMENT FLEET 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 ELEMENT FLEET's important profitability drivers and their relationship over time.
Use ELEMENT FLEET 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 ELEMENT FLEET 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 ELEMENT FLEET will appreciate offsetting losses from the drop in the long position's value.ELEMENT FLEET Pair Trading
ELEMENT FLEET MGMT Pair Trading Analysis
The ability to find closely correlated positions to ELEMENT FLEET could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ELEMENT FLEET 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 ELEMENT FLEET - 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 ELEMENT FLEET MGMT to buy it.
The correlation of ELEMENT FLEET 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 ELEMENT FLEET moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ELEMENT FLEET MGMT 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 ELEMENT FLEET 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 ELEMENT FLEET position
In addition to having ELEMENT FLEET 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 ELEMENT Stock
To fully project ELEMENT FLEET's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of ELEMENT FLEET MGMT 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 ELEMENT FLEET's income statement, its balance sheet, and the statement of cash flows.