Great Lakes Current Valuation vs. Shares Outstanding
| GLDD Stock | USD 12.66 0.03 0.24% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.11 | 0.1277 |
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For Great Lakes profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Great Lakes to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Great Lakes Dredge utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Great Lakes's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Great Lakes Dredge over time as well as its relative position and ranking within its peers.
Great |
Is Construction & Engineering space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Great Lakes. If investors know Great will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Great Lakes listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.219 | Earnings Share 0.88 | Revenue Per Share 11.083 | Quarterly Revenue Growth 0.631 | Return On Assets 0.0481 |
The market value of Great Lakes Dredge is measured differently than its book value, which is the value of Great that is recorded on the company's balance sheet. Investors also form their own opinion of Great Lakes' value that differs from its market value or its book value, called intrinsic value, which is Great Lakes' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Great Lakes' market value can be influenced by many factors that don't directly affect Great Lakes' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Great Lakes' value and its price as these two are different measures arrived at by different means. Investors typically determine if Great Lakes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Great Lakes' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Great Lakes Dredge Shares Outstanding vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Great Lakes's current stock value. Our valuation model uses many indicators to compare Great Lakes value to that of its competitors to determine the firm's financial worth. Great Lakes Dredge is rated below average in current valuation category among its peers. It is rated # 3 in shares outstanding category among its peers creating about 0.05 of Shares Outstanding per Current Valuation. The ratio of Current Valuation to Shares Outstanding for Great Lakes Dredge is roughly 19.68 . As of December 11, 2024, Common Stock Shares Outstanding is expected to decline to about 51.4 M. Comparative valuation analysis is a catch-all technique that is used if you cannot value Great Lakes by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Great Current Valuation vs. Competition
Great Lakes Dredge is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Industrials industry is currently estimated at about 81.93 Billion. Great Lakes claims roughly 1.32 Billion in current valuation contributing just under 2% to 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 Lakes |
| = | 1.32 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 Lakes |
| = | 67.27 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 Lakes is currently under evaluation in shares outstanding category among its peers.
Great Lakes Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Great Lakes, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Great Lakes will eventually generate negative long term returns. The profitability progress is the general direction of Great Lakes' change in net profit over the period of time. It can combine multiple indicators of Great Lakes, 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 | -2 M | -1.9 M | |
| Operating Income | 28.2 M | 33 M | |
| Income Before Tax | 18.3 M | 16.6 M | |
| Net Loss | -39.2 M | -37.2 M | |
| Net Income | 13.9 M | 12.5 M | |
| Income Tax Expense | 4.4 M | 2.4 M | |
| Total Other Income Expense Net | -9.9 M | -10.4 M | |
| Net Loss | -38.8 M | -36.9 M | |
| Non Operating Income Net Other | -1.8 M | -1.9 M | |
| Interest Income | 31.7 M | 31.9 M | |
| Net Interest Income | -12.4 M | -13.1 M | |
| Change To Netincome | 3.2 M | 3.4 M | |
| Net Income Per Share | 0.21 | 0.22 | |
| Income Quality | 3.41 | 3.58 | |
| Net Income Per E B T | 0.76 | 0.84 |
Great Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Great Lakes. 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 Lakes 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 Lakes' important profitability drivers and their relationship over time.
Use Great Lakes 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 Lakes 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 Lakes will appreciate offsetting losses from the drop in the long position's value.Great Lakes Pair Trading
Great Lakes Dredge Pair Trading Analysis
The ability to find closely correlated positions to Great Lakes 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 Lakes 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 Lakes - 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 Great Lakes Dredge to buy it.
The correlation of Great Lakes 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 Lakes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Great Lakes Dredge 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 Lakes 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 Lakes position
In addition to having Great Lakes 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?
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Materials ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Materials ETFs theme has 51 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 Materials ETFs Theme or any other thematic opportunities.
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To fully project Great Lakes' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Great Lakes Dredge 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 Lakes' income statement, its balance sheet, and the statement of cash flows.