Ashtead Technology Operating Margin vs. Book Value Per Share
| AT Stock | 528.00 4.00 0.76% |
For Ashtead Technology profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Ashtead Technology to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Ashtead Technology Holdings utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Ashtead Technology's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Ashtead Technology Holdings over time as well as its relative position and ranking within its peers.
Ashtead |
Ashtead Technology Book Value Per Share vs. Operating Margin Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Ashtead Technology's current stock value. Our valuation model uses many indicators to compare Ashtead Technology value to that of its competitors to determine the firm's financial worth. Ashtead Technology Holdings is number one stock in operating margin category among its peers. It is rated fourth in book value per share category among its peers creating about 5.58 of Book Value Per Share per Operating Margin. 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 Ashtead Technology's earnings, one of the primary drivers of an investment's value.Ashtead Book Value Per Share vs. Operating Margin
Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
Ashtead Technology |
| = | 0.25 % |
A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
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.
Ashtead Technology |
| = | 1.38 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.
Ashtead Book Value Per Share Comparison
Ashtead Technology is currently under evaluation in book value per share category among its peers.
Ashtead Technology Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Ashtead Technology, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Ashtead Technology will eventually generate negative long term returns. The profitability progress is the general direction of Ashtead Technology's change in net profit over the period of time. It can combine multiple indicators of Ashtead Technology, 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 | 1.9 M | 2 M | |
| Net Interest Income | -3.7 M | -3.9 M | |
| Interest Income | 283 K | 297.1 K | |
| Operating Income | 31.2 M | 32.8 M | |
| Net Income From Continuing Ops | 21.6 M | 22.7 M | |
| Income Before Tax | 27.5 M | 28.9 M | |
| Total Other Income Expense Net | -3.7 M | -3.9 M | |
| Net Income | 21.6 M | 22.7 M | |
| Income Tax Expense | 5.9 M | 6.2 M | |
| Net Income Applicable To Common Shares | 14.6 M | 15.3 M | |
| Change To Netincome | 2.6 M | 2.8 M |
Ashtead Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Ashtead Technology. 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 Technology 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 Technology's important profitability drivers and their relationship over time.
Use Ashtead Technology 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 Technology 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 Technology will appreciate offsetting losses from the drop in the long position's value.Ashtead Technology Pair Trading
Ashtead Technology Holdings Pair Trading Analysis
The ability to find closely correlated positions to Ashtead Technology 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 Technology 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 Technology - 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 Technology Holdings to buy it.
The correlation of Ashtead Technology 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 Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ashtead Technology 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 Technology 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 Technology position
In addition to having Ashtead Technology 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 Government Funds Thematic Idea Now
Government Funds
Funds or Etfs that invest in fixed income securities issued by national government to finance government spending or to facilitate Federal Reserve monetary policies. The Government Funds theme has 47 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 Government Funds Theme or any other thematic opportunities.
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Other Information on Investing in Ashtead Stock
To fully project Ashtead Technology's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Ashtead Technology 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 Ashtead Technology's income statement, its balance sheet, and the statement of cash flows.