Choice International Current Valuation vs. Book Value Per Share
| CHOICEIN | 530.30 4.15 0.79% |
For Choice International profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Choice International to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Choice International Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Choice International's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Choice International Limited over time as well as its relative position and ranking within its peers.
Choice |
Choice International Book Value Per Share vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Choice International's current stock value. Our valuation model uses many indicators to compare Choice International value to that of its competitors to determine the firm's financial worth. Choice International Limited is the top company in current valuation category among its peers. It is rated below average in book value per share category among its peers . The ratio of Current Valuation to Book Value Per Share for Choice International Limited is about 2,178,784,590 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Choice International by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Choice International's Stock. 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.Choice Current Valuation vs. Competition
Choice International Limited is the top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Financials industry is currently estimated at about 288.88 Billion. Choice International totals roughly 97.23 Billion in current valuation claiming about 34% of equities under Financials industry.
Choice Book Value Per Share 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.
Choice International |
| = | 97.23 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.
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.
Choice International |
| = | 44.63 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.
Choice Book Value Per Share Comparison
Choice International is currently under evaluation in book value per share category among its peers.
Choice International Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Choice International, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Choice International will eventually generate negative long term returns. The profitability progress is the general direction of Choice International's change in net profit over the period of time. It can combine multiple indicators of Choice International, 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 | 667.7 M | 555.4 M | |
| Operating Income | 4.7 B | 5 B | |
| Income Before Tax | 1.8 B | 1.9 B | |
| Net Income | 1.3 B | 1.4 B | |
| Income Tax Expense | 499.4 M | 524.3 M | |
| Total Other Income Expense Net | -2.9 B | -2.8 B | |
| Net Interest Income | -403.7 M | -383.6 M | |
| Interest Income | 973.8 M | 1 B | |
| Net Income From Continuing Ops | 1.3 B | 1.4 B | |
| Net Income Applicable To Common Shares | 616.1 M | 646.9 M | |
| Change To Netincome | 4.6 M | 4.4 M |
Choice Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Choice International. 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 Choice International 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 Choice International's important profitability drivers and their relationship over time.
Use Choice International 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 Choice International 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 Choice International will appreciate offsetting losses from the drop in the long position's value.Choice International Pair Trading
Choice International Limited Pair Trading Analysis
The ability to find closely correlated positions to Choice International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Choice International 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 Choice International - 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 Choice International Limited to buy it.
The correlation of Choice International 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 Choice International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Choice International 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 Choice International 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 Choice International position
In addition to having Choice International 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 Food Products Thematic Idea Now
Food Products
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Food Products 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 Food Products Theme or any other thematic opportunities.
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Other Information on Investing in Choice Stock
To fully project Choice International's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Choice International 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 Choice International's income statement, its balance sheet, and the statement of cash flows.