Oriental Financial Statements From 2010 to 2024
| 014940 Stock | KRW 5,260 415.00 8.57% |
Check Oriental Precision financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Oriental Precision's main balance sheet or income statement drivers, such as , as well as many indicators such as . Oriental financial statements analysis is a perfect complement when working with Oriental Precision Valuation or Volatility modules.
Oriental |
Oriental Precision Engineering Company Current Valuation Analysis
Oriental Precision's 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.
Current Oriental Precision Current Valuation | 254.31 B |
Most of Oriental Precision's fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Oriental Precision Engineering is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
| Competition |
In accordance with the recently published financial statements, Oriental Precision Engineering has a Current Valuation of 254.31 B. This is much higher than that of the Machinery sector and significantly higher than that of the Industrials industry. The current valuation for all Republic of Korea stocks is significantly lower than that of the firm.
Oriental Precision Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Oriental Precision's current stock value. Our valuation model uses many indicators to compare Oriental Precision value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Oriental Precision competition to find correlations between indicators driving Oriental Precision's intrinsic value. More Info.Oriental Precision Engineering is number one stock in return on equity category among its peers. It also is number one stock in return on asset category among its peers . The ratio of Return On Equity to Return On Asset for Oriental Precision Engineering is about 305.13 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Oriental Precision by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Oriental Precision'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.About Oriental Precision Financial Statements
Oriental Precision stakeholders use historical fundamental indicators, such as Oriental Precision's revenue or net income, to determine how well the company is positioned to perform in the future. Although Oriental Precision investors may analyze each financial statement separately, they are all interrelated. For example, changes in Oriental Precision's assets and liabilities are reflected in the revenues and expenses on Oriental Precision's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Oriental Precision Engineering. Please read more on our technical analysis and fundamental analysis pages.
,Ltd. produces and sells ship and marine components and machineries in South Korea and internationally. The company was founded in 1980 and is based in Busan, South Korea. OPCO is traded on Korean Securities Dealers Automated Quotations in South Korea.
Pair Trading with Oriental Precision
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 Oriental Precision 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 Oriental Precision will appreciate offsetting losses from the drop in the long position's value.Moving against Oriental Stock
| 0.63 | 000660 | SK Hynix | PairCorr |
| 0.55 | 055550 | Shinhan Financial | PairCorr |
| 0.47 | 005930 | Samsung Electronics | PairCorr |
| 0.43 | 005387 | Hyundai Motor | PairCorr |
| 0.41 | 005935 | Samsung Electronics | PairCorr |
The ability to find closely correlated positions to Oriental Precision could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oriental Precision 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 Oriental Precision - 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 Oriental Precision Engineering to buy it.
The correlation of Oriental Precision 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 Oriental Precision moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oriental Precision 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 Oriental Precision 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.Other Information on Investing in Oriental Stock
Oriental Precision financial ratios help investors to determine whether Oriental Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Oriental with respect to the benefits of owning Oriental Precision security.