Heritage Global Price To Earning vs. Net Income
| HGBL Stock | USD 1.62 0.01 0.62% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.42 | 0.6491 |
|
|
For Heritage Global profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Heritage Global to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Heritage Global utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Heritage Global's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Heritage Global over time as well as its relative position and ranking within its peers.
Heritage |
Is Asset Management & Custody Banks 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 Heritage Global. If investors know Heritage 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 Heritage Global 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 (0.41) | Earnings Share 0.27 | Revenue Per Share 1.361 | Quarterly Revenue Growth (0.33) | Return On Assets 0.066 |
The market value of Heritage Global is measured differently than its book value, which is the value of Heritage that is recorded on the company's balance sheet. Investors also form their own opinion of Heritage Global's value that differs from its market value or its book value, called intrinsic value, which is Heritage Global's 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 Heritage Global's market value can be influenced by many factors that don't directly affect Heritage Global's 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 Heritage Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Global's 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.
Heritage Global Net Income vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Heritage Global's current stock value. Our valuation model uses many indicators to compare Heritage Global value to that of its competitors to determine the firm's financial worth. Heritage Global is rated below average in price to earning category among its peers. It is rated below average in net income category among its peers making up about 1,445,539 of Net Income per Price To Earning. At this time, Heritage Global's Net Income is quite stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Heritage Global 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.Heritage Net Income vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Heritage Global |
| = | 8.63 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Heritage Global |
| = | 12.47 M |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Heritage Net Income Comparison
Heritage Global is currently under evaluation in net income category among its peers.
Heritage Global Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Heritage Global, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Heritage Global will eventually generate negative long term returns. The profitability progress is the general direction of Heritage Global's change in net profit over the period of time. It can combine multiple indicators of Heritage Global, 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 | ||
| Operating Income | 14.3 M | 15 M | |
| Net Income | 12.5 M | 13.1 M | |
| Income Tax Expense | 1.5 M | 2.8 M | |
| Income Before Tax | 14 M | 14.7 M | |
| Total Other Income Expense Net | -324 K | -340.2 K | |
| Net Income Applicable To Common Shares | 17.8 M | 18.7 M | |
| Net Income From Continuing Ops | 17.6 M | 18.4 M | |
| Net Interest Income | -242 K | -254.1 K | |
| Change To Netincome | -10.3 M | -9.7 M | |
| Net Income Per Share | 0.34 | 0.36 | |
| Income Quality | 1.04 | 0.99 | |
| Net Income Per E B T | 0.89 | 1.78 |
Heritage Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Heritage Global. 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 Heritage Global 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 Heritage Global's important profitability drivers and their relationship over time.
Use Heritage Global 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 Heritage Global 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 Heritage Global will appreciate offsetting losses from the drop in the long position's value.Heritage Global Pair Trading
Heritage Global Pair Trading Analysis
The ability to find closely correlated positions to Heritage Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Heritage Global 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 Heritage Global - 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 Heritage Global to buy it.
The correlation of Heritage Global 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 Heritage Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Heritage Global 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 Heritage Global 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 Heritage Global position
In addition to having Heritage Global 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 Tips ETFs Thematic Idea Now
Tips ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Tips ETFs theme has 41 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 Tips ETFs Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Risk vs Return Analysis. For more information on how to buy Heritage Stock please use our How to buy in Heritage Stock guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
To fully project Heritage Global's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Heritage Global 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 Heritage Global's income statement, its balance sheet, and the statement of cash flows.