Tipco Asphalt EBITDA vs. Current Valuation
| TASCO Stock | THB 19.10 0.10 0.52% |
For Tipco Asphalt profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Tipco Asphalt to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Tipco Asphalt Public utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Tipco Asphalt's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Tipco Asphalt Public over time as well as its relative position and ranking within its peers.
Tipco |
Tipco Asphalt Public Current Valuation vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Tipco Asphalt's current stock value. Our valuation model uses many indicators to compare Tipco Asphalt value to that of its competitors to determine the firm's financial worth. Tipco Asphalt Public is currently regarded as top stock in ebitda category among its peers. It also is currently regarded number one company in current valuation category among its peers reporting about 7.06 of Current Valuation per EBITDA. Comparative valuation analysis is a catch-all model that can be used if you cannot value Tipco Asphalt by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Tipco Asphalt'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.Tipco Current Valuation vs. EBITDA
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Tipco Asphalt |
| = | 4.36 B |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
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.
Tipco Asphalt |
| = | 30.76 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.
Tipco Current Valuation vs Competition
Tipco Asphalt Public is currently regarded number one company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is at this time estimated at about 1.59 Trillion. Tipco Asphalt claims roughly 30.76 Billion in current valuation contributing just under 2% to all equities under Materials industry.
Tipco Asphalt Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Tipco Asphalt, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Tipco Asphalt will eventually generate negative long term returns. The profitability progress is the general direction of Tipco Asphalt's change in net profit over the period of time. It can combine multiple indicators of Tipco Asphalt, 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.
Tipco Asphalt Public Company Limited, together with its subsidiaries, manufactures and distributes asphalt and petroleum products in Thailand and internationally. Tipco Asphalt Public Company Limited was founded in 1979 and is headquartered in Bangkok, Thailand. TIPCO ASPHALT operates under Building Materials classification in Thailand and is traded on Stock Exchange of Thailand.
Tipco Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Tipco Asphalt. 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 Tipco Asphalt 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 Tipco Asphalt's important profitability drivers and their relationship over time.
Use Tipco Asphalt 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 Tipco Asphalt 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 Tipco Asphalt will appreciate offsetting losses from the drop in the long position's value.Tipco Asphalt Pair Trading
Tipco Asphalt Public Pair Trading Analysis
The ability to find closely correlated positions to Tipco Asphalt could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tipco Asphalt 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 Tipco Asphalt - 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 Tipco Asphalt Public to buy it.
The correlation of Tipco Asphalt 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 Tipco Asphalt moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tipco Asphalt Public 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 Tipco Asphalt 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 Tipco Asphalt position
In addition to having Tipco Asphalt 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 Tipco Stock
To fully project Tipco Asphalt's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Tipco Asphalt Public 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 Tipco Asphalt's income statement, its balance sheet, and the statement of cash flows.