Majic Wheels Book Value Per Share vs. Current Valuation
| MJWL Stock | USD 0.0001 0.00 0.00% |
Book Value Per Share | First Reported 2010-12-31 | Previous Quarter (0.02) | Current Value (0.02) | Quarterly Volatility 0.00335154 |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Return On Equity | 0.75 | 0.79 |
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For Majic Wheels profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Majic Wheels to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Majic Wheels Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Majic Wheels's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Majic Wheels Corp over time as well as its relative position and ranking within its peers.
Majic |
Is Environmental & Facilities Services 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 Majic Wheels. If investors know Majic 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 Majic Wheels listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.01) | Revenue Per Share 0.001 | Quarterly Revenue Growth 0.558 |
The market value of Majic Wheels Corp is measured differently than its book value, which is the value of Majic that is recorded on the company's balance sheet. Investors also form their own opinion of Majic Wheels' value that differs from its market value or its book value, called intrinsic value, which is Majic Wheels' 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 Majic Wheels' market value can be influenced by many factors that don't directly affect Majic Wheels' 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 Majic Wheels' value and its price as these two are different measures arrived at by different means. Investors typically determine if Majic Wheels is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Majic Wheels' 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.
Majic Wheels Corp Current Valuation vs. Book Value Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Majic Wheels's current stock value. Our valuation model uses many indicators to compare Majic Wheels value to that of its competitors to determine the firm's financial worth. Majic Wheels Corp is regarded third in book value per share category among its peers. It is rated below average in current valuation category among its peers . At this time, Majic Wheels' Book Value Per Share is quite stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Majic Wheels 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.Majic Current Valuation vs. Book Value Per Share
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
Majic Wheels |
| = | (0.01) X |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
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.
Majic Wheels |
| = | 390.67 K |
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.
Majic Current Valuation vs Competition
Majic Wheels Corp is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Industrials industry is now estimated at about 41.66 Million. Majic Wheels maintains roughly 390,669 in current valuation contributing less than 1% to equities under Industrials industry.
Majic Wheels Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Majic Wheels, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Majic Wheels will eventually generate negative long term returns. The profitability progress is the general direction of Majic Wheels' change in net profit over the period of time. It can combine multiple indicators of Majic Wheels, 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 | -636.9 K | -605.1 K | |
| Net Loss | -1.3 M | -1.2 M | |
| Net Loss | -1.3 M | -1.2 M | |
| Income Before Tax | -1.2 M | -1.2 M | |
| Total Other Income Expense Net | -601.6 K | -571.5 K | |
| Net Loss | -1.3 M | -1.2 M | |
| Income Tax Expense | 96.7 K | 101.5 K | |
| Change To Netincome | 768.7 K | 807.2 K | |
| Net Loss | (0.01) | (0.01) | |
| Income Quality | 0.56 | 0.59 | |
| Net Income Per E B T | 0.95 | 0.84 |
Majic Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Majic Wheels. 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 Majic Wheels 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 Majic Wheels' important profitability drivers and their relationship over time.
Use Majic Wheels 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 Majic Wheels 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 Majic Wheels will appreciate offsetting losses from the drop in the long position's value.Majic Wheels Pair Trading
Majic Wheels Corp Pair Trading Analysis
The ability to find closely correlated positions to Majic Wheels could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Majic Wheels 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 Majic Wheels - 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 Majic Wheels Corp to buy it.
The correlation of Majic Wheels 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 Majic Wheels moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Majic Wheels Corp 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 Majic Wheels 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 Majic Wheels position
In addition to having Majic Wheels 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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Check out Correlation Analysis. You can also try the Stocks Directory module to find actively traded stocks across global markets.
To fully project Majic Wheels' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Majic Wheels Corp 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 Majic Wheels' income statement, its balance sheet, and the statement of cash flows.