Union Plastic Current Valuation vs. Price To Book
| UP Stock | THB 16.80 0.70 4.00% |
For Union Plastic profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Union Plastic to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Union Plastic Public utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Union Plastic's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Union Plastic Public over time as well as its relative position and ranking within its peers.
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Union Plastic Public Price To Book vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Union Plastic's current stock value. Our valuation model uses many indicators to compare Union Plastic value to that of its competitors to determine the firm's financial worth. Union Plastic Public is rated first in current valuation category among its peers. It is rated first in price to book category among its peers . The ratio of Current Valuation to Price To Book for Union Plastic Public is about 353,664,387 . 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 Union Plastic's earnings, one of the primary drivers of an investment's value.Union Current Valuation vs. Competition
Union Plastic Public is rated first 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 429.24 Billion. Union Plastic adds roughly 356.81 Million in current valuation claiming only tiny portion of all equities under Materials industry.
Union Price To Book 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.
Union Plastic |
| = | 356.81 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.
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.
Union Plastic |
| = | 1.01 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.
Union Price To Book Comparison
Union Plastic is currently under evaluation in price to book category among its peers.
Union Plastic Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Union Plastic, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Union Plastic will eventually generate negative long term returns. The profitability progress is the general direction of Union Plastic's change in net profit over the period of time. It can combine multiple indicators of Union Plastic, 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.
Union Plastic Public Company Limited manufactures and sells thermoplastics in Thailand. Union Plastic Public Company Limited was founded in 1969 and is headquartered in Bangkok, Thailand. UNION PLASTIC operates under Auto Parts classification in Thailand and is traded on Stock Exchange of Thailand.
Union Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Union Plastic. 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 Union Plastic 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 Union Plastic's important profitability drivers and their relationship over time.
Use Union Plastic 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 Union Plastic 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 Union Plastic will appreciate offsetting losses from the drop in the long position's value.Union Plastic Pair Trading
Union Plastic Public Pair Trading Analysis
The ability to find closely correlated positions to Union Plastic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Union Plastic 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 Union Plastic - 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 Union Plastic Public to buy it.
The correlation of Union Plastic 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 Union Plastic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Union Plastic 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 Union Plastic 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 Union Plastic position
In addition to having Union Plastic 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 Union Stock
To fully project Union Plastic's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Union Plastic 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 Union Plastic's income statement, its balance sheet, and the statement of cash flows.