Nexans SA EBITDA vs. Price To Book
| NXPRF Stock | USD 107.20 0.00 0.00% |
For Nexans SA profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nexans SA to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nexans SA utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nexans SA's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nexans SA over time as well as its relative position and ranking within its peers.
Nexans |
Nexans SA Price To Book vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Nexans SA's current stock value. Our valuation model uses many indicators to compare Nexans SA value to that of its competitors to determine the firm's financial worth. Nexans SA is considered to be number one stock in ebitda category among its peers. It is regarded second in price to book category among its peers . The ratio of EBITDA to Price To Book for Nexans SA is about 190,971,464 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Nexans SA's earnings, one of the primary drivers of an investment's value.Nexans Price To Book vs. EBITDA
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.
Nexans SA |
| = | 437 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.
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.
Nexans SA |
| = | 2.29 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.
Nexans Price To Book Comparison
Nexans SA is currently under evaluation in price to book category among its peers.
Nexans SA Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Nexans SA, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nexans SA will eventually generate negative long term returns. The profitability progress is the general direction of Nexans SA's change in net profit over the period of time. It can combine multiple indicators of Nexans SA, 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.
Nexans S.A. manufactures and sells cables in France and internationally. The company was incorporated in 1994 and is headquartered in Courbevoie, France. Nexans Paris operates under Electrical Equipment Parts classification in the United States and is traded on OTC Exchange. It employs 25000 people.
Nexans Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Nexans SA. 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 Nexans SA 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 Nexans SA's important profitability drivers and their relationship over time.
Use Nexans SA 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 Nexans SA 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 Nexans SA will appreciate offsetting losses from the drop in the long position's value.Nexans SA Pair Trading
Nexans SA Pair Trading Analysis
The ability to find closely correlated positions to Nexans SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nexans SA 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 Nexans SA - 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 Nexans SA to buy it.
The correlation of Nexans SA 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 Nexans SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nexans SA 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 Nexans SA 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 Nexans SA position
In addition to having Nexans SA 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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Shipping Containers
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Shipping Containers theme has 16 constituents at this time.
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Other Information on Investing in Nexans Pink Sheet
To fully project Nexans SA's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Nexans SA 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 Nexans SA's income statement, its balance sheet, and the statement of cash flows.