ALS Book Value Per Share vs. Total Debt
| ALQ Stock | 15.95 0.11 0.69% |
For ALS profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ALS to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ALS utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ALS's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ALS over time as well as its relative position and ranking within its peers.
ALS |
ALS Total Debt vs. Book Value Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining ALS's current stock value. Our valuation model uses many indicators to compare ALS value to that of its competitors to determine the firm's financial worth. ALS is number one stock in book value per share category among its peers. It also is the top company in total debt category among its peers making up about 765,834,697 of Total Debt per Book Value 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 ALS's earnings, one of the primary drivers of an investment's value.ALS Total Debt vs. Book Value Per Share
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.
ALS |
| = | 2.44 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.
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.
ALS |
| = | 1.87 B |
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.
ALS Total Debt vs Competition
ALS is the top company in total debt category among its peers. Total debt of Industrials industry is presently estimated at about 2.75 Billion. ALS totals roughly 1.87 Billion in total debt claiming about 68% of equities under Industrials industry.
ALS Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in ALS, profitability is also one of the essential criteria for including it into their portfolios because, without profit, ALS will eventually generate negative long term returns. The profitability progress is the general direction of ALS's change in net profit over the period of time. It can combine multiple indicators of ALS, 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 | ||
| Accumulated Other Comprehensive Income | -13.2 M | -13.9 M | |
| Operating Income | 641.4 M | 673.5 M | |
| Income Before Tax | 121.3 M | 94.2 M | |
| Total Other Income Expense Net | -520.1 M | -494.1 M | |
| Income Tax Expense | 106.3 M | 111.6 M | |
| Net Income | 12.9 M | 12.3 M | |
| Net Income Applicable To Common Shares | 334.9 M | 351.6 M | |
| Net Income From Continuing Ops | 15 M | 14.2 M | |
| Interest Income | 10.5 M | 19.4 M | |
| Net Interest Income | -57.1 M | -60 M | |
| Change To Netincome | 5 M | 4.7 M |
ALS Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on ALS. 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 ALS 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 ALS's important profitability drivers and their relationship over time.
Use ALS 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 ALS 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 ALS will appreciate offsetting losses from the drop in the long position's value.ALS Pair Trading
ALS Pair Trading Analysis
The ability to find closely correlated positions to ALS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ALS 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 ALS - 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 ALS to buy it.
The correlation of ALS 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 ALS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ALS 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 ALS 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 ALS position
In addition to having ALS 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?
Run Macroaxis Picks Thematic Idea Now
Macroaxis Picks
Daily selected watch list of stocks of large companies handpicked by Macroaxis Team based on their diversification potential. The Macroaxis Picks theme has 49 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 Macroaxis Picks Theme or any other thematic opportunities.
| View All Next | Launch |
Additional Tools for ALS Stock Analysis
When running ALS's price analysis, check to measure ALS'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 ALS is operating at the current time. Most of ALS's value examination focuses on studying past and present price action to predict the probability of ALS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ALS's price. Additionally, you may evaluate how the addition of ALS to your portfolios can decrease your overall portfolio volatility.