Enlight Renewable Return On Equity vs. Current Valuation
| 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.
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Enlight Renewable Energy Current Valuation vs. Return On Equity 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 return on equity category among its peers. It also is rated as one of the top companies in current valuation category among its peers reporting about 211,062,352,273 of Current Valuation per Return On Equity. 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 Current Valuation vs. Return On Equity
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Enlight Renewable |
| = | 0.0396 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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.
Enlight Renewable |
| = | 8.36 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.
Enlight Current Valuation vs Competition
Enlight Renewable Energy is rated as one of the top companies in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Utilities industry is currently estimated at about 72.01 Billion. Enlight Renewable retains roughly 8.36 Billion in current valuation claiming about 12% of Utilities industry.
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 Most Shorted Equities Thematic Idea Now
Most Shorted Equities
Dynamically calculated list of top equities currently trending upward via a buy-out by investors. The Most Shorted Equities theme has 235 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 Most Shorted Equities Theme or any other thematic opportunities.
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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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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.