CMC Metals Book Value Per Share vs. Cash Flow From Operations

CMB Stock  CAD 0.02  0.01  33.33%   
Based on CMC Metals' profitability indicators, CMC Metals' profitability may be sliding down. It has an above-average likelihood of reporting lower numbers next quarter. Profitability indicators assess CMC Metals' ability to earn profits and add value for shareholders.
 
Book Value Per Share  
First Reported
2010-12-31
Previous Quarter
(0.01)
Current Value
(0)
Quarterly Volatility
0.81266146
 
Credit Downgrade
 
Yuan Drop
 
Covid
At this time, CMC Metals' Price To Sales Ratio is fairly stable compared to the past year. EV To Sales is likely to climb to about 2.3 M in 2024, whereas Operating Cash Flow Sales Ratio is likely to drop (0.14) in 2024. At this time, CMC Metals' Accumulated Other Comprehensive Income is fairly stable compared to the past year. Total Other Income Expense Net is likely to climb to about 115.2 K in 2024, despite the fact that Net Loss is likely to grow to (3 M).
Current ValueLast YearChange From Last Year 10 Year Trend
Pretax Profit Margin0.820.91
Moderately Down
Slightly volatile
For CMC Metals profitability analysis, we use financial ratios and fundamental drivers that measure the ability of CMC Metals to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well CMC Metals utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between CMC Metals's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of CMC Metals over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between CMC Metals' value and its price as these two are different measures arrived at by different means. Investors typically determine if CMC Metals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CMC Metals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

CMC Metals Cash Flow From Operations vs. Book Value Per Share Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining CMC Metals's current stock value. Our valuation model uses many indicators to compare CMC Metals value to that of its competitors to determine the firm's financial worth.
CMC Metals is rated below average in book value per share category among its peers. It is rated fourth in cash flow from operations category among its peers . At this time, CMC Metals' Book Value Per Share is fairly stable compared to the past year. 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 CMC Metals' earnings, one of the primary drivers of an investment's value.

CMC Cash Flow From Operations vs. Book Value Per Share

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.

CMC Metals

Book Value per Share

 = 

Common Equity

Average Shares

 = 
0 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.
Operating Cash Flow reveals the quality of a company's reported earnings and is calculated by deducting company's income taxes from earnings before interest, taxes, and depreciation (EBITDA). In other words, Operating Cash Flow refers to the amount of cash a firm generates from the sales or products or from rendering services. Operating Cash Flow typically excludes costs associated with long-term investments or investment in marketable securities and is usually used by investors or analysts to check on the quality of a company's earnings.

CMC Metals

Operating Cash Flow

 = 

EBITDA

-

Taxes

 = 
(2.96 M)
Operating Cash Flow shows the difference between reported income and actual cash flows of the company. If a firm does not have enough cash or cash equivalents to cover its current liabilities, then both investors and management should be concerned about the company having enough liquid resources to meet current and long term debt obligations.

CMC Cash Flow From Operations Comparison

CMC Metals is currently under evaluation in cash flow from operations category among its peers.

CMC Metals Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in CMC Metals, profitability is also one of the essential criteria for including it into their portfolios because, without profit, CMC Metals will eventually generate negative long term returns. The profitability progress is the general direction of CMC Metals' change in net profit over the period of time. It can combine multiple indicators of CMC Metals, 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 ReportedProjected for Next Year
Accumulated Other Comprehensive Income3.6 M3.8 M
Operating Income-3.2 M-3.1 M
Net Loss-3.1 M-3 M
Income Tax Expense(4.50)(4.73)
Income Before Tax-3.1 M-3 M
Total Other Income Expense Net109.7 K115.2 K
Net Loss-4 M-4.2 M
Net Loss-4.9 M-5.2 M
Net Interest Income-16.6 K-17.5 K
Interest Income33.6 K35.3 K
Change To Netincome396.3 K294.7 K
Net Loss(0.02)(0.02)
Income Quality 0.97  0.74 
Net Income Per E B T 0.81  0.59 

CMC Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on CMC Metals. 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 CMC Metals 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 CMC Metals' important profitability drivers and their relationship over time.

Use CMC Metals 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 CMC Metals 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 CMC Metals will appreciate offsetting losses from the drop in the long position's value.

CMC Metals Pair Trading

CMC Metals Pair Trading Analysis

The ability to find closely correlated positions to CMC Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CMC Metals 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 CMC Metals - 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 CMC Metals to buy it.
The correlation of CMC Metals 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 CMC Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CMC Metals 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 CMC Metals 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your CMC Metals position

In addition to having CMC Metals 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.

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Advertising Theme
Companies specializing in advertising, marketing and advertising services. The Advertising theme has 37 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 Advertising Theme or any other thematic opportunities.
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Additional Tools for CMC Stock Analysis

When running CMC Metals' price analysis, check to measure CMC Metals' 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 CMC Metals is operating at the current time. Most of CMC Metals' value examination focuses on studying past and present price action to predict the probability of CMC Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CMC Metals' price. Additionally, you may evaluate how the addition of CMC Metals to your portfolios can decrease your overall portfolio volatility.