Ashtead Gro Current Valuation vs. Net Income
Ashtead Gro Net Income vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Ashtead Gro's current stock value. Our valuation model uses many indicators to compare Ashtead Gro value to that of its competitors to determine the firm's financial worth. Ashtead Gro is the top company in current valuation category among its peers. It also is number one stock in net income category among its peers making up about 0.06 of Net Income per Current Valuation. The ratio of Current Valuation to Net Income for Ashtead Gro is roughly 17.75 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Ashtead Gro by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Ashtead Gro'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.Ashtead Current Valuation vs. Competition
Ashtead Gro is the top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Rental & Leasing Services industry is presently estimated at about 120.84 Billion. Ashtead Gro totals roughly 34.58 Billion in current valuation claiming about 29% of equities listed under Rental & Leasing Services industry.
Ashtead Net Income vs. Current Valuation
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.
Ashtead Gro |
| = | 34.58 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.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Ashtead Gro |
| = | 1.95 B |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Ashtead Net Income Comparison
Ashtead Gro is currently under evaluation in net income category among its peers.
Ashtead Gro Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Ashtead Gro, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Ashtead Gro will eventually generate negative long term returns. The profitability progress is the general direction of Ashtead Gro's change in net profit over the period of time. It can combine multiple indicators of Ashtead Gro, 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.
Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. The company was founded in 1947 and is headquartered in London, the United Kingdom. Ashtead Group is traded on OTC Exchange in the United States.
Ashtead Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Ashtead Gro. 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 Ashtead Gro 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 Ashtead Gro's important profitability drivers and their relationship over time.
Ashtead Gro Earnings per Share Projection vs Actual
Use Ashtead Gro 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 Ashtead Gro 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 Ashtead Gro will appreciate offsetting losses from the drop in the long position's value.Ashtead Gro Pair Trading
Ashtead Gro Pair Trading Analysis
The ability to find closely correlated positions to Ashtead Gro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ashtead Gro 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 Ashtead Gro - 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 Ashtead Gro to buy it.
The correlation of Ashtead Gro 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 Ashtead Gro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ashtead Gro 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 Ashtead Gro 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 Ashtead Gro position
In addition to having Ashtead Gro 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 Sport Products Thematic Idea Now
Sport Products
Companies manufacturing sporting goods and accessories. The Sport Products theme has 48 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 Sport Products Theme or any other thematic opportunities.
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Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Other Consideration for investing in Ashtead Pink Sheet
If you are still planning to invest in Ashtead Gro check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Ashtead Gro's history and understand the potential risks before investing.
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