Scatec Solar Price To Book vs. Current Valuation
| SCATC Stock | NOK 79.85 1.95 2.50% |
For Scatec Solar profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Scatec Solar to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Scatec Solar OL utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Scatec Solar's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Scatec Solar OL over time as well as its relative position and ranking within its peers.
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Scatec Solar OL Current Valuation vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Scatec Solar's current stock value. Our valuation model uses many indicators to compare Scatec Solar value to that of its competitors to determine the firm's financial worth. Scatec Solar OL is rated below average in price to book category among its peers. It also is rated below average in current valuation category among its peers reporting about 22,142,981,930 of Current Valuation per Price To Book. Comparative valuation analysis is a catch-all model that can be used if you cannot value Scatec Solar by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Scatec Solar'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.Scatec Current Valuation vs. Price To Book
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.
Scatec Solar |
| = | 1.47 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.
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.
Scatec Solar |
| = | 32.49 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.
Scatec Current Valuation vs Competition
Scatec Solar OL is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Utilities—Renewable industry is at this time estimated at about 1.16 Trillion. Scatec Solar holds roughly 32.49 Billion in current valuation claiming about 2.8% of Utilities—Renewable industry.
Scatec Solar Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Scatec Solar, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Scatec Solar will eventually generate negative long term returns. The profitability progress is the general direction of Scatec Solar's change in net profit over the period of time. It can combine multiple indicators of Scatec Solar, 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.
Scatec ASA, together with its subsidiaries, operates as a renewable power producer worldwide. Scatec ASA was incorporated in 2007 and is headquartered in Oslo, Norway. SCATEC ASA is traded on Oslo Stock Exchange in Norway.
Scatec Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Scatec Solar. 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 Scatec Solar 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 Scatec Solar's important profitability drivers and their relationship over time.
Use Scatec Solar 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 Scatec Solar 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 Scatec Solar will appreciate offsetting losses from the drop in the long position's value.Scatec Solar Pair Trading
Scatec Solar OL Pair Trading Analysis
The ability to find closely correlated positions to Scatec Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Scatec Solar 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 Scatec Solar - 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 Scatec Solar OL to buy it.
The correlation of Scatec Solar 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 Scatec Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Scatec Solar OL 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 Scatec Solar 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 Scatec Solar position
In addition to having Scatec Solar 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 Diversified Assets Thematic Idea Now
Diversified Assets
Pablicly traded close-end funds and other entities backed by different types of diversified investments. The Diversified Assets theme has 40 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 Diversified Assets Theme or any other thematic opportunities.
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Other Information on Investing in Scatec Stock
To fully project Scatec Solar's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Scatec Solar OL 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 Scatec Solar's income statement, its balance sheet, and the statement of cash flows.