NTG Nordic Cash And Equivalents vs. EBITDA
| NTG Stock | DKK 285.00 2.00 0.70% |
For NTG Nordic profitability analysis, we use financial ratios and fundamental drivers that measure the ability of NTG Nordic to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well NTG Nordic Transport utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between NTG Nordic's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of NTG Nordic Transport over time as well as its relative position and ranking within its peers.
NTG |
NTG Nordic Transport EBITDA vs. Cash And Equivalents Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining NTG Nordic's current stock value. Our valuation model uses many indicators to compare NTG Nordic value to that of its competitors to determine the firm's financial worth. NTG Nordic Transport is regarded second in cash and equivalents category among its peers. It also is regarded second in ebitda category among its peers totaling about 3.77 of EBITDA per Cash And Equivalents. Comparative valuation analysis is a catch-all model that can be used if you cannot value NTG Nordic by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for NTG Nordic'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.NTG EBITDA vs. Cash And Equivalents
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
NTG Nordic |
| = | 177.8 M |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
NTG Nordic |
| = | 670 M |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
NTG EBITDA Comparison
NTG Nordic is currently under evaluation in ebitda category among its peers.
NTG Nordic Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in NTG Nordic, profitability is also one of the essential criteria for including it into their portfolios because, without profit, NTG Nordic will eventually generate negative long term returns. The profitability progress is the general direction of NTG Nordic's change in net profit over the period of time. It can combine multiple indicators of NTG Nordic, 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.
NTG Nordic Transport Group AS, through its subsidiaries, provides cargo transportation services through truck, ship, and aircraft in Denmark and internationally. NTG Nordic Transport Group AS was incorporated in 1988 and is headquartered in Hvidovre, Denmark. NTG Nordic operates under Integrated Freight Logistics classification in Denmark and is traded on Copenhagen Stock Exchange. It employs 1441 people.
NTG Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on NTG Nordic. 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 NTG Nordic 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 NTG Nordic's important profitability drivers and their relationship over time.
Use NTG Nordic 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 NTG Nordic 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 NTG Nordic will appreciate offsetting losses from the drop in the long position's value.NTG Nordic Pair Trading
NTG Nordic Transport Pair Trading Analysis
The ability to find closely correlated positions to NTG Nordic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NTG Nordic 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 NTG Nordic - 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 NTG Nordic Transport to buy it.
The correlation of NTG Nordic 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 NTG Nordic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NTG Nordic Transport 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 NTG Nordic 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 NTG Nordic position
In addition to having NTG Nordic 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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Other Information on Investing in NTG Stock
To fully project NTG Nordic's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of NTG Nordic Transport 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 NTG Nordic's income statement, its balance sheet, and the statement of cash flows.