Acerinox Total Debt vs. EBITDA
| ANIOY Stock | USD 5.00 0.00 0.00% |
For Acerinox profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Acerinox to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Acerinox SA ADR utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Acerinox's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Acerinox SA ADR over time as well as its relative position and ranking within its peers.
Acerinox |
Acerinox SA ADR EBITDA vs. Total Debt Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Acerinox's current stock value. Our valuation model uses many indicators to compare Acerinox value to that of its competitors to determine the firm's financial worth. Acerinox SA ADR is rated fourth in total debt category among its peers. It is number one stock in ebitda category among its peers totaling about 0.71 of EBITDA per Total Debt. The ratio of Total Debt to EBITDA for Acerinox SA ADR is roughly 1.40 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Acerinox by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Acerinox's Pink Sheet. 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.Acerinox Total Debt vs. Competition
Acerinox SA ADR is rated fourth in total debt category among its peers. Total debt of Steel industry is presently estimated at about 2.7 Trillion. Acerinox adds roughly 1.37 Billion in total debt claiming only tiny portion of equities listed under Steel industry.
Acerinox 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.
Acerinox |
| = | 1.37 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.
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.
Acerinox |
| = | 976.49 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.
Acerinox EBITDA Comparison
Acerinox is currently under evaluation in ebitda category among its peers.
Acerinox Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Acerinox, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Acerinox will eventually generate negative long term returns. The profitability progress is the general direction of Acerinox's change in net profit over the period of time. It can combine multiple indicators of Acerinox, 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.
Acerinox, S.A., through its subsidiaries, manufactures, transforms, and markets stainless steel products in Spain, the Americas, Africa, Asia, Oceania, and Europe. The company was incorporated in 1970 and is headquartered in Madrid, Spain. Acerinox operates under Steel classification in the United States and is traded on OTC Exchange. It employs 8429 people.
Acerinox Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Acerinox. 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 Acerinox 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 Acerinox's important profitability drivers and their relationship over time.
Use Acerinox 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 Acerinox 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 Acerinox will appreciate offsetting losses from the drop in the long position's value.Acerinox Pair Trading
Acerinox SA ADR Pair Trading Analysis
The ability to find closely correlated positions to Acerinox could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acerinox 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 Acerinox - 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 Acerinox SA ADR to buy it.
The correlation of Acerinox 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 Acerinox moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Acerinox SA ADR 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 Acerinox 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 Acerinox position
In addition to having Acerinox 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 Real Estate ETFs Thematic Idea Now
Real Estate ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Real Estate ETFs theme has 65 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 Real Estate ETFs Theme or any other thematic opportunities.
| View All Next | Launch |
Additional Tools for Acerinox Pink Sheet Analysis
When running Acerinox's price analysis, check to measure Acerinox'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 Acerinox is operating at the current time. Most of Acerinox's value examination focuses on studying past and present price action to predict the probability of Acerinox's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Acerinox's price. Additionally, you may evaluate how the addition of Acerinox to your portfolios can decrease your overall portfolio volatility.