ZEN Graphene Shares Outstanding vs. Cash And Equivalents

ZEN Stock  CAD 1.57  0.01  0.64%   
Based on the measurements of profitability obtained from ZEN Graphene's financial statements, ZEN Graphene Solutions may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess ZEN Graphene's ability to earn profits and add value for shareholders. Price To Sales Ratio is likely to drop to 4,941 in 2024. Days Sales Outstanding is likely to drop to 8,989 in 2024. At this time, ZEN Graphene's Net Interest Income is fairly stable compared to the past year. Interest Income is likely to climb to about 425.8 K in 2024, despite the fact that Operating Income is likely to grow to (11 M).
For ZEN Graphene profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ZEN Graphene to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ZEN Graphene Solutions utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ZEN Graphene's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ZEN Graphene Solutions over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between ZEN Graphene's value and its price as these two are different measures arrived at by different means. Investors typically determine if ZEN Graphene is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ZEN Graphene'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.

ZEN Graphene Solutions Cash And Equivalents vs. Shares Outstanding Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining ZEN Graphene's current stock value. Our valuation model uses many indicators to compare ZEN Graphene value to that of its competitors to determine the firm's financial worth.
ZEN Graphene Solutions is rated first in shares outstanding category among its peers. It is rated first in cash and equivalents category among its peers creating about  0.04  of Cash And Equivalents per Shares Outstanding. The ratio of Shares Outstanding to Cash And Equivalents for ZEN Graphene Solutions is roughly  23.23 . 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 ZEN Graphene's earnings, one of the primary drivers of an investment's value.

ZEN Cash And Equivalents 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.

ZEN Graphene

Shares Outstanding

 = 

Public Shares

-

Repurchased

 = 
104.06 M
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.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.

ZEN Graphene

Cash

 = 

Bank Deposits

+

Liquidities

 = 
4.48 M
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).

ZEN Cash And Equivalents Comparison

ZEN Graphene is currently under evaluation in cash and equivalents category among its peers.

ZEN Graphene Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in ZEN Graphene, profitability is also one of the essential criteria for including it into their portfolios because, without profit, ZEN Graphene will eventually generate negative long term returns. The profitability progress is the general direction of ZEN Graphene's change in net profit over the period of time. It can combine multiple indicators of ZEN Graphene, 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 ReportedProjected for Next Year
Accumulated Other Comprehensive Income10.7 M5.8 M
Operating Income-11.5 M-11 M
Income Before Tax-11.8 M-11.2 M
Total Other Income Expense Net-118.7 K-112.7 K
Net Loss-11.7 M-11.1 M
Income Tax Expense-99.8 K-94.8 K
Net Loss-11.7 M-11.1 M
Net Loss-28.5 M-27.1 M
Net Interest Income293.4 K308.1 K
Interest Income405.5 K425.8 K
Change To Netincome5.5 M5.8 M
Net Loss(0.12)(0.13)
Income Quality 0.69  0.53 
Net Income Per E B T 0.89  0.97 

ZEN Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on ZEN Graphene. 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 ZEN Graphene 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 ZEN Graphene's important profitability drivers and their relationship over time.

Use ZEN Graphene 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 ZEN Graphene 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 ZEN Graphene will appreciate offsetting losses from the drop in the long position's value.

ZEN Graphene Pair Trading

ZEN Graphene Solutions Pair Trading Analysis

The ability to find closely correlated positions to ZEN Graphene could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ZEN Graphene 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 ZEN Graphene - 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 ZEN Graphene Solutions to buy it.
The correlation of ZEN Graphene 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 ZEN Graphene moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ZEN Graphene Solutions 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 ZEN Graphene 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your ZEN Graphene position

In addition to having ZEN Graphene 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.

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Run Consumer Funds Thematic Idea Now

Consumer Funds
Consumer Funds Theme
Funds or Etfs that invest in consumer products such as packaged goods, clothing, food, beverages and retail services. The Consumer Funds theme has 46 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 Consumer Funds Theme or any other thematic opportunities.
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Additional Tools for ZEN Stock Analysis

When running ZEN Graphene's price analysis, check to measure ZEN Graphene's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ZEN Graphene is operating at the current time. Most of ZEN Graphene's value examination focuses on studying past and present price action to predict the probability of ZEN Graphene's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZEN Graphene's price. Additionally, you may evaluate how the addition of ZEN Graphene to your portfolios can decrease your overall portfolio volatility.