Sandvik AB Price To Sales vs. Shares Outstanding
| SDVKY Stock | USD 18.29 0.03 0.16% |
For Sandvik AB profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Sandvik AB to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Sandvik AB ADR utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Sandvik AB's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Sandvik AB ADR over time as well as its relative position and ranking within its peers.
Sandvik |
Sandvik AB ADR Shares Outstanding vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Sandvik AB's current stock value. Our valuation model uses many indicators to compare Sandvik AB value to that of its competitors to determine the firm's financial worth. Sandvik AB ADR is rated below average in price to sales category among its peers. It is rated below average in shares outstanding category among its peers creating about 607,805,997 of Shares Outstanding per Price To Sales. Comparative valuation analysis is a catch-all model that can be used if you cannot value Sandvik AB by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Sandvik AB'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.Sandvik Shares Outstanding vs. Price To Sales
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Sandvik AB |
| = | 2.06 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Sandvik AB |
| = | 1.25 B |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Sandvik Shares Outstanding Comparison
Sandvik AB is currently under evaluation in shares outstanding category among its peers.
Sandvik AB Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Sandvik AB, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Sandvik AB will eventually generate negative long term returns. The profitability progress is the general direction of Sandvik AB's change in net profit over the period of time. It can combine multiple indicators of Sandvik AB, 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.
Sandvik AB operates as an engineering company in the areas of mining and rock excavation, rock processing, manufacturing and machining, and materials technology in Sweden and internationally. The company was founded in 1862 and is headquartered in Stockholm, Sweden. Sandvik Ab operates under Specialty Industrial Machinery classification in the United States and is traded on OTC Exchange. It employs 571 people.
Sandvik Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Sandvik AB. 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 Sandvik AB 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 Sandvik AB's important profitability drivers and their relationship over time.
Use Sandvik AB 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 Sandvik AB 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 Sandvik AB will appreciate offsetting losses from the drop in the long position's value.Sandvik AB Pair Trading
Sandvik AB ADR Pair Trading Analysis
The ability to find closely correlated positions to Sandvik AB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sandvik AB 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 Sandvik AB - 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 Sandvik AB ADR to buy it.
The correlation of Sandvik AB 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 Sandvik AB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sandvik AB 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 Sandvik AB 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 Sandvik AB position
In addition to having Sandvik AB 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 Cash Cows Thematic Idea Now
Cash Cows
Entities with stable and reliable earnings or profits, which allows them to pay consistent dividends to their shareholders. The Cash Cows theme has 25 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 Cash Cows Theme or any other thematic opportunities.
| View All Next | Launch |
Additional Tools for Sandvik Pink Sheet Analysis
When running Sandvik AB's price analysis, check to measure Sandvik AB'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 Sandvik AB is operating at the current time. Most of Sandvik AB's value examination focuses on studying past and present price action to predict the probability of Sandvik AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sandvik AB's price. Additionally, you may evaluate how the addition of Sandvik AB to your portfolios can decrease your overall portfolio volatility.