Tenon Medical Current Valuation vs. Gross Profit
| TNON Stock | USD 2.14 0.02 0.94% |
For Tenon Medical profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Tenon Medical to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Tenon Medical utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Tenon Medical's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Tenon Medical over time as well as its relative position and ranking within its peers.
Tenon |
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tenon Medical. If investors know Tenon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tenon Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 287.92 | Revenue Per Share 9.442 | Quarterly Revenue Growth 0.213 | Return On Assets (1.10) | Return On Equity (15.99) |
The market value of Tenon Medical is measured differently than its book value, which is the value of Tenon that is recorded on the company's balance sheet. Investors also form their own opinion of Tenon Medical's value that differs from its market value or its book value, called intrinsic value, which is Tenon Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tenon Medical's market value can be influenced by many factors that don't directly affect Tenon Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tenon Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tenon Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tenon Medical'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.
Tenon Medical Gross Profit vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Tenon Medical's current stock value. Our valuation model uses many indicators to compare Tenon Medical value to that of its competitors to determine the firm's financial worth. Tenon Medical is rated below average in current valuation category among its peers. It also is rated below average in gross profit category among its peers . At this time, Tenon Medical's Gross Profit is very stable compared to the past year. 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 Tenon Medical's earnings, one of the primary drivers of an investment's value.Tenon Current Valuation vs. Competition
Tenon Medical is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Health Care industry is at this time estimated at about 625.38 Million. Tenon Medical adds roughly 1.92 Million in current valuation claiming only tiny portion of equities under Health Care industry.
Tenon Gross Profit vs. Current Valuation
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.
Tenon Medical |
| = | 1.92 M |
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.
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.
Tenon Medical |
| = | (641 K) |
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.
Tenon Gross Profit Comparison
Tenon Medical is currently under evaluation in gross profit category among its peers.
Tenon Medical Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Tenon Medical, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Tenon Medical will eventually generate negative long term returns. The profitability progress is the general direction of Tenon Medical's change in net profit over the period of time. It can combine multiple indicators of Tenon Medical, 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.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -46 K | -48.3 K | |
| Operating Income | -15.7 M | -14.9 M | |
| Income Before Tax | -15.6 M | -14.8 M | |
| Total Other Income Expense Net | 146 K | 153.3 K | |
| Net Loss | -17 M | -16.2 M | |
| Net Loss | -15.6 M | -14.8 M | |
| Income Tax Expense | 220.8 K | 231.8 K | |
| Net Interest Income | 4 K | 4.2 K | |
| Net Loss | -20.4 M | -19.3 M | |
| Change To Netincome | 5.6 M | 5.9 M | |
| Net Loss | (68.71) | (65.28) | |
| Income Quality | 0.78 | 0.43 | |
| Net Income Per E B T | 0.91 | 0.81 |
Tenon Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Tenon Medical. 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 Tenon Medical 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 Tenon Medical's important profitability drivers and their relationship over time.
Use Tenon Medical 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 Tenon Medical 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 Tenon Medical will appreciate offsetting losses from the drop in the long position's value.Tenon Medical Pair Trading
Tenon Medical Pair Trading Analysis
The ability to find closely correlated positions to Tenon Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tenon Medical 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 Tenon Medical - 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 Tenon Medical to buy it.
The correlation of Tenon Medical 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 Tenon Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tenon Medical 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 Tenon Medical 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 Tenon Medical position
In addition to having Tenon Medical 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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Companies that develop and distribute software and software systems to individuals or business. The Software theme has 40 constituents at this time.
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Check out World Market Map. To learn how to invest in Tenon Stock, please use our How to Invest in Tenon Medical guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
To fully project Tenon Medical's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Tenon Medical 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 Tenon Medical's income statement, its balance sheet, and the statement of cash flows.