Elite Material Financials
| 2383 Stock | TWD 599.00 26.00 4.54% |
Elite |
Understanding current and past Elite Material Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Elite Material's financial statements are interrelated, with each one affecting the others. For example, an increase in Elite Material's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Elite Material's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Elite Material Co. Check Elite Material's Beneish M Score to see the likelihood of Elite Material's management manipulating its earnings.
Elite Material Stock Summary
Elite Material competes with Compeq Manufacturing, ITEQ Corp, Unimicron Technology, Chicony Electronics, and Chroma ATE. Elite Material Co., Ltd. produces and sells laminate materials in Taiwan, Mainland China, and Korea. Elite Material Co., Ltd. was founded in 1992 and is headquartered in Taoyuang, Taiwan. ELITE MATERIAL operates under Contract Manufacturers classification in Taiwan and is traded on Taiwan Stock Exchange.| Instrument | Taiwan Stock View All |
| Exchange | Taiwan Stock Exchange |
| ISIN | TW0002383007 |
| Business Address | No18, Datong 1st |
| Sector | Electronic Equipment, Instruments & Components |
| Industry | Information Technology |
| Benchmark | Dow Jones Industrial |
| Website | www.emctw.com/en-global |
| Phone | 886 3 483 7937 |
| Currency | TWD - New Taiwan Dollar |
You should never invest in Elite Material without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Elite Stock, because this is throwing your money away. Analyzing the key information contained in Elite Material's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Elite Material Key Financial Ratios
There are many critical financial ratios that Elite Material's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Elite Material reports annually and quarterly.Elite Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Elite Material's current stock value. Our valuation model uses many indicators to compare Elite Material value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Elite Material competition to find correlations between indicators driving Elite Material's intrinsic value. More Info.Elite Material Co is rated second in return on equity category among its peers. It also is rated second in return on asset category among its peers reporting about 0.40 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Elite Material Co is roughly 2.50 . 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 Elite Material's earnings, one of the primary drivers of an investment's value.Elite Material Systematic Risk
Elite Material's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Elite Material volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty with a total number of output elements of thirty-one. The Beta measures systematic risk based on how returns on Elite Material correlated with the market. If Beta is less than 0 Elite Material generally moves in the opposite direction as compared to the market. If Elite Material Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Elite Material is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Elite Material is generally in the same direction as the market. If Beta > 1 Elite Material moves generally in the same direction as, but more than the movement of the benchmark.
Elite Material Thematic Clasifications
Elite Material Co is part of Plastics investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Rubber and plastics accessories. Companies manufacturing rubber and plastics accessories
This theme covers Rubber and plastics accessories. Companies manufacturing rubber and plastics accessories. Get More Thematic Ideas
| Plastics | View |
Elite Material December 15, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Elite Material help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Elite Material Co. We use our internally-developed statistical techniques to arrive at the intrinsic value of Elite Material Co based on widely used predictive technical indicators. In general, we focus on analyzing Elite Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Elite Material's daily price indicators and compare them against related drivers.
| Downside Deviation | 2.59 | |||
| Information Ratio | 0.1357 | |||
| Maximum Drawdown | 11.38 | |||
| Value At Risk | (3.49) | |||
| Potential Upside | 4.71 |
Additional Tools for Elite Stock Analysis
When running Elite Material's price analysis, check to measure Elite Material'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 Elite Material is operating at the current time. Most of Elite Material's value examination focuses on studying past and present price action to predict the probability of Elite Material's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elite Material's price. Additionally, you may evaluate how the addition of Elite Material to your portfolios can decrease your overall portfolio volatility.