First Trust Valuation
| FCAL Etf | USD 49.94 0.20 0.40% |
At this time, the entity appears to be fairly valued. First Trust California shows a prevailing Real Value of $49.75 per share. The current price of the entity is $49.94. Our model computes the value of First Trust California from reviewing the entity fundamentals such as Current Valuation of 304.37 M, shares outstanding of 29.23 M, and Profit Margin of 9.54 % as well as analyzing its technical indicators and probability of bankruptcy.
Fairly Valued
Today
Please note that First Trust's price fluctuation is very steady at this time. Calculation of the real value of First Trust California is based on 3 months time horizon. Increasing First Trust's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
The fair value of the First etf is determined by what a typical buyer is willing to pay for full or partial control of First Trust California. Since First Trust is currently traded on the exchange, buyers and sellers on that exchange determine the market value of First Etf. However, First Trust's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 49.94 | Real 49.75 | Hype 49.74 | Naive 49.79 |
The intrinsic value of First Trust's stock can be calculated using various methods such as discounted cash flow or dividend analysis. That value may differ from its market price, which is determined by factors such as investor sentiment, market trends, headlines, and other external factors that may influence First Trust's stock price.
Estimating the potential upside or downside of First Trust California helps investors to forecast how First etf's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of First Trust more accurately as focusing exclusively on First Trust's fundamentals will not take into account other important factors: First Trust Total Value Analysis
First Trust California is currently forecasted to have valuation of 304.37 M with market capitalization of 248.13 M, debt of 133.83 M, and cash on hands of 74.8 M. Please note that valuation may be misleading and is a subject to auditing or accounting errors. We encourage investors to vigilantly validate all of the First Trust fundamentals before making equity appraisal based on enterprise value of the company| Takeover Price | Market Cap | Debt Obligations | Cash |
304.37 M | 248.13 M | 133.83 M | 74.8 M |
First Trust Investor Information
First Trust is is formed as Regulated Investment Company in the United States. ETF is managed and operated by The Bank of New York Mellon Corporation. The fund has 319 constituents with avarage daily trading value of 16 K. The fund charges 0.65 percent management fee with a total expences of 0.65 percent of total asset. The fund retains most of the assets under management (AUM) in different types of exotic instruments. First Trust California last dividend was 0.12 per share. Based on the key indicators related to First Trust's liquidity, profitability, solvency, and operating efficiency, First Trust California is not in a good financial situation at the present time. It has a very high likelihood of going through financial trouble in December.First Trust Asset Utilization
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. First Trust has an asset utilization ratio of 63.8 percent. This suggests that the ETF is making $0.64 for each dollar of assets. An increasing asset utilization means that First Trust California is more efficient with each dollar of assets it utilizes for everyday operations.First Trust Ownership Allocation
First Trust holds a total of 29.23 Million outstanding shares. First Trust California retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Please note that no matter how many assets the company secures, if the real value of the entity is less than the current market value, you may not be able to make money on it.First Trust Profitability Analysis
The company reported the previous year's revenue of 74.21 M. Net Income was 6.06 M with profit before overhead, payroll, taxes, and interest of 77.16 M.First Trust Past Distributions to stockholders
About First Trust Valuation
We use absolute and relative valuation methodologies to arrive at the intrinsic value of First Trust California. In general, an absolute valuation paradigm, as applied to this etf, attempts to find the value of First Trust California based exclusively on its fundamental and basic technical indicators. By analyzing First Trust's financials, quarterly and monthly indicators, and their related drivers, we attempt to find the most accurate representation of First Trust's intrinsic value. As compared to an absolute model, our relative valuation model uses a comparative analysis of First Trust. We calculate exposure to First Trust's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of First Trust's related companies.The fund seeks to achieve its investment objectives by investing at least 80 percent of its net assets in municipal debt securities that pay interest that is exempt from regular federal income taxes and California income taxes. California Municipal is traded on NASDAQ Exchange in the United States.
A single share of First Trust represents a small ownership stake in the entity. As a stockholder of First, your percentage of company ownership is determined by dividing the number of shares you own by the total number of shares outstanding and then multiplying that amount by 100. Owning stock in a company generally confers both corporate voting rights and income from any dividends paid to the stock owner.
First Trust Dividends Analysis For Valuation
Please note that First Trust has scaled down on payment of dividends at this time.
There are various types of dividends First Trust can pay to its shareholders, and the actual value of the dividend is determined on a per-share basis. It is to be paid equally to all of First shareholders on a specific date, known as the payable date. The cash dividend is the most common type of dividend payment - it is the payment of actual cash from First Trust California directly to its shareholders. There are other types of dividends that companies can issue, such as stock dividends or asset dividends. When First pays a dividend, it has no impact on its enterprise value. It does, however, lowers the Equity Value of First Trust by the value of the dividends paid out.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Trust California. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
The market value of First Trust California is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Trust's value that differs from its market value or its book value, called intrinsic value, which is First Trust'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 First Trust's market value can be influenced by many factors that don't directly affect First Trust'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 First Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Trust'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.