Eastern Technical Current Valuation vs. Profit Margin
| ETE Stock | THB 0.92 0.03 3.16% |
For Eastern Technical profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Eastern Technical to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Eastern Technical Engineering utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Eastern Technical's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Eastern Technical Engineering over time as well as its relative position and ranking within its peers.
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Eastern Technical Profit Margin vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Eastern Technical's current stock value. Our valuation model uses many indicators to compare Eastern Technical value to that of its competitors to determine the firm's financial worth. Eastern Technical Engineering is rated as one of the top companies in current valuation category among its peers. It also is one of the top stocks in profit margin category among its peers . 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 Eastern Technical's earnings, one of the primary drivers of an investment's value.Eastern Current Valuation vs. Competition
Eastern Technical Engineering 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 Conglomerates industry is currently estimated at about 14.29 Billion. Eastern Technical holds roughly 1.38 Billion in current valuation claiming about 10% of stocks in Conglomerates industry.
Eastern Profit Margin 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.
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| = | 1.38 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.
Profit Margin measures overall efficiency of a company and shows its ability to withstand competition as well as defend against adverse conditions such as rising costs, falling prices, decline in sales or management distress. Profit margin tells investors how well the company executes on its overall pricing strategies as well as how effective the company in controlling its costs.
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| = | (0) % |
In a nutshell, Profit Margin indicator shows the amount of money the company makes from total sales or revenue. It can provide a good insight into companies in the same sector, as well as help to identify trends of a company from year to year.
Eastern Profit Margin Comparison
Eastern Technical is currently under evaluation in profit margin category among its peers.
Eastern Technical Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Eastern Technical, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Eastern Technical will eventually generate negative long term returns. The profitability progress is the general direction of Eastern Technical's change in net profit over the period of time. It can combine multiple indicators of Eastern Technical, 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.
Eastern Technical Engineering Public Company Limited provides installation services for telecommunication and electricity transmission networks in Thailand. Eastern Technical Engineering Public Company Limited was incorporated in 1997 and is based in Bangkok, Thailand. EASTERN TECHNICAL operates under Conglomerates classification in Thailand and is traded on Stock Exchange of Thailand.
Eastern Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Eastern Technical. 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 Eastern Technical 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 Eastern Technical's important profitability drivers and their relationship over time.
Use Eastern Technical 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 Eastern Technical 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 Eastern Technical will appreciate offsetting losses from the drop in the long position's value.Eastern Technical Pair Trading
Eastern Technical Engineering Pair Trading Analysis
The ability to find closely correlated positions to Eastern Technical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eastern Technical 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 Eastern Technical - 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 Eastern Technical Engineering to buy it.
The correlation of Eastern Technical 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 Eastern Technical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastern Technical 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 Eastern Technical 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 Eastern Technical position
In addition to having Eastern Technical 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 Eastern Stock
To fully project Eastern Technical's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Eastern Technical 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 Eastern Technical's income statement, its balance sheet, and the statement of cash flows.