Great Eastern Current Valuation vs. Shares Outstanding
| GESHIP Stock | 1,101 2.25 0.20% |
For Great Eastern profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Great Eastern to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well The Great Eastern utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Great Eastern's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of The Great Eastern over time as well as its relative position and ranking within its peers.
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Great Eastern Shares Outstanding vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Great Eastern's current stock value. Our valuation model uses many indicators to compare Great Eastern value to that of its competitors to determine the firm's financial worth. The Great Eastern is rated as one of the top companies in current valuation category among its peers. It also is one of the top stocks in shares outstanding category among its peers . The ratio of Current Valuation to Shares Outstanding for The Great Eastern is about 762.21 . As of December 1, 2024, Common Stock Shares Outstanding is expected to decline to about 120.2 M. Comparative valuation analysis is a catch-all model that can be used if you cannot value Great Eastern by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Great Eastern'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.Great Current Valuation vs. Competition
The Great Eastern 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 Industrials industry is currently estimated at about 94.25 Trillion. Great Eastern adds roughly 108.82 Billion in current valuation claiming only tiny portion of equities under Industrials industry.
Great Shares Outstanding 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.
Great Eastern |
| = | 108.82 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.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Great Eastern |
| = | 142.77 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Great Shares Outstanding Comparison
Great Eastern is currently under evaluation in shares outstanding category among its peers.
Great Eastern Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Great Eastern, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Great Eastern will eventually generate negative long term returns. The profitability progress is the general direction of Great Eastern's change in net profit over the period of time. It can combine multiple indicators of Great Eastern, 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 Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 58.8 B | 61.8 B | |
| Operating Income | 21.1 B | 11.6 B | |
| Income Before Tax | 26.9 B | 28.3 B | |
| Total Other Income Expense Net | 5.9 B | 6.2 B | |
| Net Income | 26.1 B | 27.4 B | |
| Income Tax Expense | 802 M | 626.4 M | |
| Net Income From Continuing Ops | 26.1 B | 27.4 B | |
| Net Income Applicable To Common Shares | 29.6 B | 31.1 B | |
| Interest Income | 2.1 B | 2.9 B | |
| Net Interest Income | -2.6 B | -2.8 B | |
| Change To Netincome | 1 B | 1.9 B |
Great Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Great Eastern. 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 Great Eastern 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 Great Eastern's important profitability drivers and their relationship over time.
Use Great Eastern 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 Great Eastern 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 Great Eastern will appreciate offsetting losses from the drop in the long position's value.Great Eastern Pair Trading
The Great Eastern Pair Trading Analysis
The ability to find closely correlated positions to Great Eastern could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Great Eastern 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 Great Eastern - 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 The Great Eastern to buy it.
The correlation of Great Eastern 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 Great Eastern moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Great Eastern 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 Great Eastern 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 Great Eastern position
In addition to having Great Eastern 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 Adviser Favorites Thematic Idea Now
Adviser Favorites
Financial advisors frequently recommend that individuals diversify their investment portfolios with a mix of different types of stocks. These can include blue-chip stocks, growth stocks, and dividend stocks. The Adviser Favorites theme has 17 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 Adviser Favorites Theme or any other thematic opportunities.
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Other Information on Investing in Great Stock
To fully project Great Eastern's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Great Eastern 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 Great Eastern's income statement, its balance sheet, and the statement of cash flows.