SPIE SA Return On Asset vs. Cash Per Share

SPIE Stock  EUR 29.38  0.12  0.41%   
Based on the key profitability measurements obtained from SPIE SA's financial statements, SPIE SA may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in January. Profitability indicators assess SPIE SA's ability to earn profits and add value for shareholders.
For SPIE SA profitability analysis, we use financial ratios and fundamental drivers that measure the ability of SPIE SA to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well SPIE SA utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between SPIE SA's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of SPIE SA over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between SPIE SA's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPIE SA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPIE SA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

SPIE SA Cash Per Share vs. Return On Asset Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining SPIE SA's current stock value. Our valuation model uses many indicators to compare SPIE SA value to that of its competitors to determine the firm's financial worth.
SPIE SA is currently regarded as top stock in return on asset category among its peers. It also is currently regarded as top stock in cash per share category among its peers fabricating about  90.82  of Cash Per Share per Return On Asset. Comparative valuation analysis is a catch-all model that can be used if you cannot value SPIE SA by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for SPIE SA'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.

SPIE Cash Per Share vs. Return On Asset

Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

SPIE SA

Return On Asset

 = 

Net Income

Total Assets

 = 
0.0316
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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.

SPIE SA

Cash Per Share

 = 

Total Cash

Average Shares

 = 
2.87 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.

SPIE Cash Per Share Comparison

SPIE SA is currently under evaluation in cash per share category among its peers.

SPIE SA Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in SPIE SA, profitability is also one of the essential criteria for including it into their portfolios because, without profit, SPIE SA will eventually generate negative long term returns. The profitability progress is the general direction of SPIE SA's change in net profit over the period of time. It can combine multiple indicators of SPIE 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.
SPIE SA provides multi-technical services in the areas of energy and communications. It serves the tertiary and industry sectors infrastructure companies local authorities and residential buildings. SPIE operates under Engineering Construction classification in France and is traded on Paris Stock Exchange. It employs 46333 people.

SPIE Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on SPIE 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 SPIE 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 SPIE SA's important profitability drivers and their relationship over time.

Use SPIE 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 SPIE 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 SPIE SA will appreciate offsetting losses from the drop in the long position's value.

SPIE SA Pair Trading

SPIE SA Pair Trading Analysis

The ability to find closely correlated positions to SPIE 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 SPIE 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 SPIE 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 SPIE SA to buy it.
The correlation of SPIE 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 SPIE SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPIE 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 SPIE 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your SPIE SA position

In addition to having SPIE 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.

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Realty Funds
Realty Funds Theme
Funds or Etfs investing in real estate backed instruments or issues backed by different types of commercial properties. The Realty 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 Realty Funds Theme or any other thematic opportunities.
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Other Information on Investing in SPIE Stock

To fully project SPIE SA's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of SPIE 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 SPIE SA's income statement, its balance sheet, and the statement of cash flows.
Potential SPIE SA investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although SPIE SA investors may work on each financial statement separately, they are all related. The changes in SPIE SA's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on SPIE SA's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.