Enlight Renewable Price To Sales vs. Gross Profit
| ENLT Stock | ILS 6,066 89.00 1.49% |
For Enlight Renewable profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Enlight Renewable to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Enlight Renewable Energy utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Enlight Renewable's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Enlight Renewable Energy over time as well as its relative position and ranking within its peers.
Enlight |
Enlight Renewable Energy Gross Profit vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Enlight Renewable's current stock value. Our valuation model uses many indicators to compare Enlight Renewable value to that of its competitors to determine the firm's financial worth. Enlight Renewable Energy is one of the top stocks in price to sales category among its peers. It also is one of the top stocks in gross profit category among its peers fabricating about 19,470,572 of Gross Profit per Price To Sales. Comparative valuation analysis is a catch-all model that can be used if you cannot value Enlight Renewable by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Enlight Renewable'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.Enlight Gross Profit vs. Price To Sales
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Enlight Renewable |
| = | 13.73 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Enlight Renewable |
| = | 267.33 M |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Enlight Gross Profit Comparison
Enlight Renewable is currently under evaluation in gross profit category among its peers.
Enlight Renewable Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Enlight Renewable, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Enlight Renewable will eventually generate negative long term returns. The profitability progress is the general direction of Enlight Renewable's change in net profit over the period of time. It can combine multiple indicators of Enlight Renewable, 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.
Enlight Renewable Energy Ltd operates in the field of renewable energy. The company was founded in 2008 and is based in Rosh Haayin, Israel. ENLIGHT RENEWABLE operates under Utilities - Independent Power Producers classification in Israel and is traded on Tel Aviv Stock Exchange.
Enlight Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Enlight Renewable. 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 Enlight Renewable 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 Enlight Renewable's important profitability drivers and their relationship over time.
Use Enlight Renewable 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 Enlight Renewable 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 Enlight Renewable will appreciate offsetting losses from the drop in the long position's value.Enlight Renewable Pair Trading
Enlight Renewable Energy Pair Trading Analysis
The ability to find closely correlated positions to Enlight Renewable could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enlight Renewable 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 Enlight Renewable - 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 Enlight Renewable Energy to buy it.
The correlation of Enlight Renewable 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 Enlight Renewable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enlight Renewable Energy 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 Enlight Renewable 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 Enlight Renewable position
In addition to having Enlight Renewable 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 Precious Metals Funds Thematic Idea Now
Precious Metals Funds
Funds or Etfs that invest in entities that are involved in mining, processing or dealing of precious metals. The Precious Metals Funds theme has 32 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 Precious Metals Funds Theme or any other thematic opportunities.
| View All Next | Launch |
Additional Information and Resources on Investing in Enlight Stock
When determining whether Enlight Renewable Energy is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Enlight Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Enlight Renewable Energy Stock. Highlighted below are key reports to facilitate an investment decision about Enlight Renewable Energy Stock:Check out Investing Opportunities. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
To fully project Enlight Renewable's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Enlight Renewable Energy 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 Enlight Renewable's income statement, its balance sheet, and the statement of cash flows.