Telenor ASA Shares Outstanding vs. Current Valuation
| TELNF Stock | USD 11.66 0.74 5.97% |
For Telenor ASA profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Telenor ASA to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Telenor ASA utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Telenor ASA's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Telenor ASA over time as well as its relative position and ranking within its peers.
Telenor |
Telenor ASA Current Valuation vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Telenor ASA's current stock value. Our valuation model uses many indicators to compare Telenor ASA value to that of its competitors to determine the firm's financial worth. Telenor ASA is rated fourth in shares outstanding category among its peers. It is currently regarded number one company in current valuation category among its peers reporting about 17.68 of Current Valuation per Shares Outstanding. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Telenor ASA's earnings, one of the primary drivers of an investment's value.Telenor Current Valuation vs. Shares Outstanding
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.
Telenor ASA |
| = | 1.4 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.
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.
Telenor ASA |
| = | 24.72 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.
Telenor Current Valuation vs Competition
Telenor ASA is currently regarded number one company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Telecom Services industry is at this time estimated at about 1.04 Trillion. Telenor ASA holds roughly 24.72 Billion in current valuation claiming about 2.38% of equities listed under Telecom Services industry.
Telenor ASA Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Telenor ASA, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Telenor ASA will eventually generate negative long term returns. The profitability progress is the general direction of Telenor ASA's change in net profit over the period of time. It can combine multiple indicators of Telenor ASA, 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.
Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. Telenor ASA was founded in 1855 and is headquartered in Fornebu, Norway. TELENOR ASA is traded on OTC Exchange in the United States.
Telenor Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Telenor ASA. 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 Telenor ASA 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 Telenor ASA's important profitability drivers and their relationship over time.
Use Telenor ASA 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 Telenor ASA 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 Telenor ASA will appreciate offsetting losses from the drop in the long position's value.Telenor ASA Pair Trading
Telenor ASA Pair Trading Analysis
The ability to find closely correlated positions to Telenor ASA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Telenor ASA 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 Telenor ASA - 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 Telenor ASA to buy it.
The correlation of Telenor ASA 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 Telenor ASA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Telenor ASA 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 Telenor ASA 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 Telenor ASA position
In addition to having Telenor ASA 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 Telenor Pink Sheet
To fully project Telenor ASA's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Telenor ASA 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 Telenor ASA's income statement, its balance sheet, and the statement of cash flows.