Orica Current Valuation vs. Cash Per Share
| OCLDY Stock | USD 11.81 0.85 7.76% |
For Orica profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Orica to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Orica Ltd ADR utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Orica's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Orica Ltd ADR over time as well as its relative position and ranking within its peers.
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Orica Ltd ADR Cash Per Share vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Orica's current stock value. Our valuation model uses many indicators to compare Orica value to that of its competitors to determine the firm's financial worth. Orica Ltd ADR is rated top company in current valuation category among its peers. It also is considered to be number one stock in cash per share category among its peers . The ratio of Current Valuation to Cash Per Share for Orica Ltd ADR is about 1,992,020,747 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Orica by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Orica's Pink Sheet. 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.Orica Current Valuation vs. Competition
Orica Ltd ADR is rated top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Specialty Chemicals industry is now estimated at about 11.65 Billion. Orica totals roughly 5.52 Billion in current valuation claiming about 47% of equities listed under Specialty Chemicals industry.
Orica Cash Per Share vs. Current Valuation
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.
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| = | 5.52 B |
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.
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.
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| = | 2.77 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.
Orica Cash Per Share Comparison
Orica is currently under evaluation in cash per share category among its peers.
Orica Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Orica, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Orica will eventually generate negative long term returns. The profitability progress is the general direction of Orica's change in net profit over the period of time. It can combine multiple indicators of Orica, 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.
Orica Limited manufactures, distributes, and sells commercial blasting systems, mining and tunnelling support systems, and various chemical products and services in Australia, Peru, the United States, and internationally. Orica Limited was founded in 1874 and is headquartered in East Melbourne, Australia. Orica operates under Specialty Chemicals classification in the United States and is traded on OTC Exchange. It employs 12000 people.
Orica Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Orica. 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 Orica 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 Orica's important profitability drivers and their relationship over time.
Use Orica 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 Orica 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 Orica will appreciate offsetting losses from the drop in the long position's value.Orica Pair Trading
Orica Ltd ADR Pair Trading Analysis
The ability to find closely correlated positions to Orica could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Orica 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 Orica - 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 Orica Ltd ADR to buy it.
The correlation of Orica 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 Orica moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orica Ltd ADR 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 Orica 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 Orica position
In addition to having Orica 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 Market Neutral Funds Thematic Idea Now
Market Neutral Funds
Funds or Etfs that invest in both long and short positions of different entities to enhance returns from broad market movements over time. The Market Neutral Funds 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 Market Neutral Funds Theme or any other thematic opportunities.
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Additional Tools for Orica Pink Sheet Analysis
When running Orica's price analysis, check to measure Orica's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Orica is operating at the current time. Most of Orica's value examination focuses on studying past and present price action to predict the probability of Orica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orica's price. Additionally, you may evaluate how the addition of Orica to your portfolios can decrease your overall portfolio volatility.