MYR Net Income vs. Price To Book
| MYRG Stock | USD 274.62 4.90 1.82% |
Net Income | First Reported 1985-09-30 | Previous Quarter 32.1 M | Current Value 36.5 M | Quarterly Volatility 8.2 M |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.13 | 0.1159 |
|
|
For MYR profitability analysis, we use financial ratios and fundamental drivers that measure the ability of MYR to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well MYR Group utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between MYR's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of MYR Group over time as well as its relative position and ranking within its peers.
MYR's Revenue Breakdown by Earning Segment
Check out Correlation Analysis.
MYR Revenue Breakdown by Earning Segment
By analyzing MYR's earnings estimates, investors can diagnose different trends across MYR's analyst sentiment over time as well as compare current estimates against different timeframes.
Can Construction & Engineering industry sustain growth momentum? Does MYR have expansion opportunities? Factors like these will boost the valuation of MYR. Expected growth trajectory for MYR significantly influences the price investors are willing to assign. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating MYR demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Quarterly Earnings Growth 1.371 | Earnings Share 6.18 | Revenue Per Share | Quarterly Revenue Growth 0.173 | Return On Assets |
Understanding MYR Group requires distinguishing between market price and book value, where the latter reflects MYR's accounting equity. The concept of intrinsic value - what MYR's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Market sentiment, economic cycles, and investor behavior can push MYR's price substantially above or below its fundamental value.
Understanding that MYR's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether MYR represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. In contrast, MYR's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.
MYR Group Price To Book vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining MYR's current stock value. Our valuation model uses many indicators to compare MYR value to that of its competitors to determine the firm's financial worth. MYR Group is rated below average in net income category among its peers. It is rated below average in price to book category among its peers . The ratio of Net Income to Price To Book for MYR Group is about 17,228,406 . At this time, MYR's Net Income is most likely to increase significantly in the upcoming years. Comparative valuation analysis is a catch-all technique that is used if you cannot value MYR 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.MYR Price To Book vs. Net Income
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.
MYR |
| = | 118.42 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.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
MYR |
| = | 6.87 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
MYR Price To Book Comparison
MYR is currently under evaluation in price to book category among its peers.
MYR Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in MYR, profitability is also one of the essential criteria for including it into their portfolios because, without profit, MYR will eventually generate negative long term returns. The profitability progress is the general direction of MYR's change in net profit over the period of time. It can combine multiple indicators of MYR, 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 | -8.2 M | -8.6 M | |
| Operating Income | 166.6 M | 175 M | |
| Income Before Tax | 161.2 M | 169.3 M | |
| Total Other Income Expense Net | -5.5 M | -5.2 M | |
| Net Income | 118.4 M | 124.3 M | |
| Income Tax Expense | 42.8 M | 45 M | |
| Net Income Applicable To Common Shares | 95.9 M | 100.7 M | |
| Net Income From Continuing Ops | 34.8 M | 47.9 M | |
| Non Operating Income Net Other | -459.9 K | -436.9 K | |
| Interest Income | 477.2 K | 253.3 K | |
| Net Interest Income | -5.5 M | -5.8 M | |
| Change To Netincome | 20 M | 21 M | |
| Net Income Per Share | 7.56 | 7.93 | |
| Income Quality | 2.76 | 2.90 | |
| Net Income Per E B T | 0.73 | 0.77 |
MYR Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on MYR. 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 MYR 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 MYR's important profitability drivers and their relationship over time.
MYR Earnings per Share Projection vs Actual
Use MYR 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 MYR 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 MYR will appreciate offsetting losses from the drop in the long position's value.MYR Pair Trading
MYR Group Pair Trading Analysis
The ability to find closely correlated positions to MYR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MYR 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 MYR - 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 MYR Group to buy it.
The correlation of MYR 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 MYR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MYR Group 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 MYR 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 MYR position
In addition to having MYR 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 Real Estate Thematic Idea Now
Real Estate
Publicly traded companies that are involved in real estate development, property maintenance and management of real estate investment trusts (REIT) funds. The Real Estate theme has 47 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 Real Estate Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Correlation Analysis. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
To fully project MYR's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of MYR Group 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 MYR's income statement, its balance sheet, and the statement of cash flows.