TMP Steel Total Debt vs. EBITDA
| 6248 Stock | TWD 28.20 0.30 1.05% |
For TMP Steel profitability analysis, we use financial ratios and fundamental drivers that measure the ability of TMP Steel to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well TMP Steel utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between TMP Steel's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of TMP Steel over time as well as its relative position and ranking within its peers.
TMP |
TMP Steel EBITDA vs. Total Debt Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining TMP Steel's current stock value. Our valuation model uses many indicators to compare TMP Steel value to that of its competitors to determine the firm's financial worth. TMP Steel is rated second in total debt category among its peers. It also is rated second in ebitda category among its peers totaling about 0.51 of EBITDA per Total Debt. The ratio of Total Debt to EBITDA for TMP Steel is roughly 1.97 . 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 TMP Steel's earnings, one of the primary drivers of an investment's value.TMP Total Debt vs. Competition
TMP Steel is rated second in total debt category among its peers. Total debt of Steel industry is presently estimated at about 274.97 Billion. TMP Steel adds roughly 233.11 Million in total debt claiming only tiny portion of equities listed under Steel industry.
TMP EBITDA vs. Total Debt
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
TMP Steel |
| = | 233.11 M |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
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.
TMP Steel |
| = | 118.11 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.
TMP EBITDA Comparison
TMP Steel is currently under evaluation in ebitda category among its peers.
TMP Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on TMP Steel. 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 TMP Steel 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 TMP Steel's important profitability drivers and their relationship over time.
Use TMP Steel 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 TMP Steel 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 TMP Steel will appreciate offsetting losses from the drop in the long position's value.TMP Steel Pair Trading
TMP Steel Pair Trading Analysis
The ability to find closely correlated positions to TMP Steel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TMP Steel 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 TMP Steel - 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 TMP Steel to buy it.
The correlation of TMP Steel 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 TMP Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TMP Steel 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 TMP Steel 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 TMP Steel position
In addition to having TMP Steel 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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Additional Tools for TMP Stock Analysis
When running TMP Steel's price analysis, check to measure TMP Steel'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 TMP Steel is operating at the current time. Most of TMP Steel's value examination focuses on studying past and present price action to predict the probability of TMP Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TMP Steel's price. Additionally, you may evaluate how the addition of TMP Steel to your portfolios can decrease your overall portfolio volatility.