Spar Nord Gross Profit vs. Current Valuation
| SPNO Stock | DKK 139.20 0.60 0.43% |
For Spar Nord profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Spar Nord to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Spar Nord Bank utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Spar Nord's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Spar Nord Bank over time as well as its relative position and ranking within its peers.
Spar |
Spar Nord Bank Current Valuation vs. Gross Profit Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Spar Nord's current stock value. Our valuation model uses many indicators to compare Spar Nord value to that of its competitors to determine the firm's financial worth. Spar Nord Bank is rated fourth in gross profit category among its peers. It also is rated fourth in current valuation category among its peers reporting about 0.49 of Current Valuation per Gross Profit. The ratio of Gross Profit to Current Valuation for Spar Nord Bank is roughly 2.06 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Spar Nord by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Spar Nord'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.Spar Current Valuation vs. Gross Profit
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Spar Nord |
| = | 4.07 B |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
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.
Spar Nord |
| = | 1.97 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.
Spar Current Valuation vs Competition
Spar Nord Bank is rated fourth in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Financials industry is at this time estimated at about 838.24 Billion. Spar Nord adds roughly 1.97 Billion in current valuation claiming only tiny portion of equities under Financials industry.
Spar Nord Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Spar Nord, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Spar Nord will eventually generate negative long term returns. The profitability progress is the general direction of Spar Nord's change in net profit over the period of time. It can combine multiple indicators of Spar Nord, 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.
Spar Nord Bank AS provides various banking products and services to retail, business, and public sector customers in Denmark. Spar Nord Bank AS was founded in 1824 and is based in Aalborg, Denmark. Spar Nord operates under Banks - Regional - Europe classification in Denmark and is traded on Copenhagen Stock Exchange. It employs 1523 people.
Spar Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Spar Nord. 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 Spar Nord 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 Spar Nord's important profitability drivers and their relationship over time.
Use Spar Nord 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 Spar Nord 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 Spar Nord will appreciate offsetting losses from the drop in the long position's value.Spar Nord Pair Trading
Spar Nord Bank Pair Trading Analysis
The ability to find closely correlated positions to Spar Nord could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spar Nord 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 Spar Nord - 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 Spar Nord Bank to buy it.
The correlation of Spar Nord 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 Spar Nord moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spar Nord Bank 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 Spar Nord 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 Spar Nord position
In addition to having Spar Nord 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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Other Information on Investing in Spar Stock
To fully project Spar Nord's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Spar Nord Bank 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 Spar Nord's income statement, its balance sheet, and the statement of cash flows.