United Drilling Price To Book vs. Market Capitalization
| UNIDT Stock | 252.07 0.08 0.03% |
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.
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United Drilling Tools Market Capitalization vs. Price To Book 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 price to book category among its peers. It is rated first in market capitalization category among its peers creating about 2,589,063,842 of Market Capitalization per Price To Book. 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 Market Capitalization vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
United Drilling |
| = | 1.98 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
United Drilling |
| = | 5.12 B |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
United Market Capitalization vs Competition
United Drilling Tools is rated first in market capitalization category among its peers. Market capitalization of Energy industry is at this time estimated at about 1.2 Trillion. United Drilling adds roughly 5.12 Billion in market capitalization 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 Fabricated Products Thematic Idea Now
Fabricated Products
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Fabricated Products theme has 11 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 Fabricated Products 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.