Ilex Medical Cash Per Share vs. Current Valuation
| ILX Stock | 7,960 8.00 0.10% |
For Ilex Medical profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Ilex Medical to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Ilex Medical utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Ilex Medical's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Ilex Medical over time as well as its relative position and ranking within its peers.
Ilex |
Ilex Medical Current Valuation vs. Cash Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Ilex Medical's current stock value. Our valuation model uses many indicators to compare Ilex Medical value to that of its competitors to determine the firm's financial worth. Ilex Medical is currently regarded as number one stock in cash per share category among its peers. It also is considered the number one company in current valuation category among its peers reporting about 76,397,206 of Current Valuation per Cash Per Share. Comparative valuation analysis is a catch-all model that can be used if you cannot value Ilex Medical by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Ilex Medical'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.Ilex Current Valuation vs. Cash Per Share
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Ilex Medical |
| = | 11.80 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
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.
Ilex Medical |
| = | 901.49 M |
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.
Ilex Current Valuation vs Competition
Ilex Medical is considered the number one company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Health Care industry is currently estimated at about 85.53 Billion. Ilex Medical claims roughly 901.49 Million in current valuation contributing just under 2% to equities under Health Care industry.
Ilex Medical Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Ilex Medical, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Ilex Medical will eventually generate negative long term returns. The profitability progress is the general direction of Ilex Medical's change in net profit over the period of time. It can combine multiple indicators of Ilex Medical, 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.
Ilex Medical Ltd engages in marketing, selling, and supporting equipment, disposables, and reagents for laboratories and healthcare establishments in Israel and South Africa. Ilex Medical Ltd was founded in 1977 and is based in Petah Tikva, Israel. Ilex Medical is traded on Tel Aviv Stock Exchange in Israel.
Ilex Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Ilex Medical. 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 Ilex Medical 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 Ilex Medical's important profitability drivers and their relationship over time.
Use Ilex Medical 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 Ilex Medical 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 Ilex Medical will appreciate offsetting losses from the drop in the long position's value.Ilex Medical Pair Trading
Ilex Medical Pair Trading Analysis
The ability to find closely correlated positions to Ilex Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ilex Medical 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 Ilex Medical - 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 Ilex Medical to buy it.
The correlation of Ilex Medical 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 Ilex Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ilex Medical 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 Ilex Medical 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 Ilex Medical position
In addition to having Ilex Medical 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 Broad Market ETFs Thematic Idea Now
Broad Market ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Broad Market ETFs theme has 62 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 Broad Market ETFs Theme or any other thematic opportunities.
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Other Information on Investing in Ilex Stock
To fully project Ilex Medical's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Ilex Medical 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 Ilex Medical's income statement, its balance sheet, and the statement of cash flows.