Shih Financial Statements From 2010 to 2024
| 4305 Stock | TWD 41.90 0.50 1.18% |
Check Shih Kuen financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Shih Kuen's main balance sheet or income statement drivers, such as , as well as many indicators such as . Shih financial statements analysis is a perfect complement when working with Shih Kuen Valuation or Volatility modules.
Shih |
Shih Kuen Plastics Company Current Valuation Analysis
Shih Kuen'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 Shih Kuen Current Valuation | 921.89 M |
Most of Shih Kuen'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, Shih Kuen Plastics 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, Shih Kuen Plastics has a Current Valuation of 921.89 M. This is 94.91% lower than that of the Consumer Cyclical sector and 43.45% lower than that of the Rubber & Plastics industry. The current valuation for all Taiwan stocks is 94.45% higher than that of the company.
Shih Kuen Plastics Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Shih Kuen's current stock value. Our valuation model uses many indicators to compare Shih Kuen value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Shih Kuen competition to find correlations between indicators driving Shih Kuen's intrinsic value. More Info.Shih Kuen Plastics 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 reporting about 0.41 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Shih Kuen Plastics is roughly 2.43 . 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 Shih Kuen's earnings, one of the primary drivers of an investment's value.About Shih Kuen Financial Statements
Shih Kuen investors use historical fundamental indicators, such as Shih Kuen's revenue or net income, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Shih Kuen. Please read more on our technical analysis and fundamental analysis pages.
Shih-Kuen Plastics Co., Ltd. produces and supplies plastic sheets. The company was founded in 1986 and is based in Tainan City, Taiwan. SHIH KUEN operates under Rubber Plastics classification in Taiwan and is traded on Taiwan OTC Exchange. It employs 117 people.
Pair Trading with Shih Kuen
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 Shih Kuen 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 Shih Kuen will appreciate offsetting losses from the drop in the long position's value.Moving together with Shih Stock
Moving against Shih Stock
| 0.89 | 6510 | Chunghwa Precision Test | PairCorr |
| 0.84 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.8 | 6669 | Wiwynn Corp | PairCorr |
| 0.68 | 2357 | Asustek Computer | PairCorr |
| 0.59 | 2454 | MediaTek | PairCorr |
The ability to find closely correlated positions to Shih Kuen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shih Kuen 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 Shih Kuen - 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 Shih Kuen Plastics to buy it.
The correlation of Shih Kuen 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 Shih Kuen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shih Kuen Plastics 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 Shih Kuen 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.Additional Tools for Shih Stock Analysis
When running Shih Kuen's price analysis, check to measure Shih Kuen'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 Shih Kuen is operating at the current time. Most of Shih Kuen's value examination focuses on studying past and present price action to predict the probability of Shih Kuen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shih Kuen's price. Additionally, you may evaluate how the addition of Shih Kuen to your portfolios can decrease your overall portfolio volatility.