BlueScope Steel Shares Outstanding vs. Current Valuation
| BH5 Stock | EUR 13.10 0.20 1.55% |
For BlueScope Steel profitability analysis, we use financial ratios and fundamental drivers that measure the ability of BlueScope Steel to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well BlueScope Steel Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between BlueScope Steel's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of BlueScope Steel Limited over time as well as its relative position and ranking within its peers.
BlueScope |
BlueScope Steel Current Valuation vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining BlueScope Steel's current stock value. Our valuation model uses many indicators to compare BlueScope Steel value to that of its competitors to determine the firm's financial worth. BlueScope Steel Limited is rated second in shares outstanding category among its peers. It is rated third in current valuation category among its peers reporting about 11.20 of Current Valuation per Shares Outstanding. 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 BlueScope Steel's earnings, one of the primary drivers of an investment's value.BlueScope Current Valuation vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
BlueScope Steel |
| = | 463.45 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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.
BlueScope Steel |
| = | 5.19 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.
BlueScope Current Valuation vs Competition
BlueScope Steel Limited is rated third in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Steel industry is currently estimated at about 47.64 Billion. BlueScope Steel retains roughly 5.19 Billion in current valuation claiming about 11% of equities listed under Steel industry.
BlueScope Steel Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in BlueScope Steel, profitability is also one of the essential criteria for including it into their portfolios because, without profit, BlueScope Steel will eventually generate negative long term returns. The profitability progress is the general direction of BlueScope Steel's change in net profit over the period of time. It can combine multiple indicators of BlueScope Steel, 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.
BlueScope Steel Limited produces and sells metal coated and painted steel building products in Australia, Asia, North America, New Zealand, and internationally. BlueScope Steel Limited was founded in 1885 and is based in Melbourne, Australia. BlueScope Steel operates under Steel classification in Germany and is traded on Frankfurt Stock Exchange.
BlueScope Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on BlueScope 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 BlueScope 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 BlueScope Steel's important profitability drivers and their relationship over time.
Use BlueScope 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 BlueScope 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 BlueScope Steel will appreciate offsetting losses from the drop in the long position's value.BlueScope Steel Pair Trading
BlueScope Steel Limited Pair Trading Analysis
The ability to find closely correlated positions to BlueScope 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 BlueScope 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 BlueScope 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 BlueScope Steel Limited to buy it.
The correlation of BlueScope 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 BlueScope Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BlueScope 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 BlueScope 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 BlueScope Steel position
In addition to having BlueScope 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?
Run Construction Thematic Idea Now
Construction
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Construction theme has 61 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 Construction Theme or any other thematic opportunities.
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Other Information on Investing in BlueScope Stock
To fully project BlueScope Steel's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of BlueScope Steel 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 BlueScope Steel's income statement, its balance sheet, and the statement of cash flows.