United Drilling Book Value Per Share vs. Revenue
| UNIDT Stock | 277.00 1.95 0.71% |
For United Drilling profitability analysis, we use financial ratios and fundamental drivers that measure the ability of United Drilling to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well United Drilling Tools utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between United Drilling's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of United Drilling Tools over time as well as its relative position and ranking within its peers.
United |
United Drilling Tools Revenue vs. Book Value Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining United Drilling's current stock value. Our valuation model uses many indicators to compare United Drilling value to that of its competitors to determine the firm's financial worth. United Drilling Tools is rated first in book value per share category among its peers. It is rated first in revenue category among its peers totaling about 10,435,245 of Revenue per Book Value Per Share. At this time, United Drilling's Total Revenue is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value United Drilling by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for United Drilling'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.United Revenue vs. Book Value Per Share
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
United Drilling |
| = | 124.55 X |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
United Drilling |
| = | 1.3 B |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
United Revenue vs Competition
United Drilling Tools is rated first in revenue category among its peers. Market size based on revenue of Energy industry is at this time estimated at about 3.36 Trillion. United Drilling adds roughly 1.3 Billion in revenue claiming only tiny portion of equities under Energy industry.
United Drilling Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in United Drilling, profitability is also one of the essential criteria for including it into their portfolios because, without profit, United Drilling will eventually generate negative long term returns. The profitability progress is the general direction of United Drilling's change in net profit over the period of time. It can combine multiple indicators of United Drilling, 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 | 226.8 M | 239.7 M | |
| Operating Income | 360.9 M | 217.6 M | |
| Income Before Tax | 137.9 M | 201.4 M | |
| Total Other Income Expense Net | -223 M | -211.9 M | |
| Net Income | 93.8 M | 89.1 M | |
| Income Tax Expense | 44.1 M | 34.6 M | |
| Net Interest Income | -29.9 M | -28.4 M | |
| Interest Income | 1.8 M | 1.7 M | |
| Net Income From Continuing Ops | 93.8 M | 89.1 M | |
| Net Income Applicable To Common Shares | 118.2 M | 112.3 M | |
| Change To Netincome | -3 M | -3.2 M |
United Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on United Drilling. 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 United Drilling 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 United Drilling's important profitability drivers and their relationship over time.
Use United Drilling 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 United Drilling 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 United Drilling will appreciate offsetting losses from the drop in the long position's value.United Drilling Pair Trading
United Drilling Tools Pair Trading Analysis
The ability to find closely correlated positions to United Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace United Drilling 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 United Drilling - 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 United Drilling Tools to buy it.
The correlation of United Drilling 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 United Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if United Drilling Tools 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 United Drilling 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 United Drilling position
In addition to having United Drilling 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?
Run Utilities Thematic Idea Now
Utilities
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Utilities theme has 61 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 Utilities Theme or any other thematic opportunities.
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Other Information on Investing in United Stock
To fully project United Drilling's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of United Drilling Tools 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 United Drilling's income statement, its balance sheet, and the statement of cash flows.