Enagás SA Return On Asset vs. EBITDA
| ENGGF Stock | USD 14.45 0.00 0.00% |
For Enagás SA profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Enagás SA to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Enags SA utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Enagás SA's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Enags SA over time as well as its relative position and ranking within its peers.
Enagás |
Enagás SA EBITDA vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Enagás SA's current stock value. Our valuation model uses many indicators to compare Enagás SA value to that of its competitors to determine the firm's financial worth. Enags SA is one of the top stocks in return on asset category among its peers. It also is one of the top stocks in ebitda category among its peers totaling about 35,945,941,423 of EBITDA per Return On Asset. 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 Enagás SA's earnings, one of the primary drivers of an investment's value.Enagás EBITDA vs. Return On Asset
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Enagás SA |
| = | 0.0239 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Enagás SA |
| = | 859.11 M |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Enagás EBITDA Comparison
Enags SA is currently under evaluation in ebitda category among its peers.
Enagás SA Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Enagás SA, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Enagás SA will eventually generate negative long term returns. The profitability progress is the general direction of Enagás SA's change in net profit over the period of time. It can combine multiple indicators of Enagás SA, 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.
Enags, S.A. engages in the development, operation, and maintenance of gas infrastructures in Spain, Mexico, Chile, Peru, Albania, Greece, Italy, and the United States. Enags, S.A. was founded in 1972 and is headquartered in Madrid, Spain. Enagas Sa is traded on OTC Exchange in the United States.
Enagás Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Enagás SA. 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 Enagás SA 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 Enagás SA's important profitability drivers and their relationship over time.
Use Enagás SA 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 Enagás SA 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 Enagás SA will appreciate offsetting losses from the drop in the long position's value.Enagás SA Pair Trading
Enags SA Pair Trading Analysis
The ability to find closely correlated positions to Enagás SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enagás SA 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 Enagás SA - 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 Enags SA to buy it.
The correlation of Enagás SA 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 Enagás SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enagás SA 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 Enagás SA 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 Enagás SA position
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Other Information on Investing in Enagás Pink Sheet
To fully project Enagás SA's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Enagás SA 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 Enagás SA's income statement, its balance sheet, and the statement of cash flows.