Based on the key measurements obtained from Synalloy's financial statements, Synalloy is not in a good financial situation at the present time. It has a very high likelihood of going through financial trouble in January. At this time, Synalloy's Non Current Assets Total are comparatively stable compared to the past year. Non Currrent Assets Other is likely to gain to about 21.5 M in 2024, whereas Other Current Liabilities is likely to drop slightly above 6.4 M in 2024. Key indicators impacting Synalloy's financial strength include:
Investors should never underestimate Synalloy's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Synalloy's cash flow, debt, and profitability to make informed and accurate decisions about investing in Synalloy.
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(32.44 Million)
Synalloy
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Understanding current and past Synalloy Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Synalloy's financial statements are interrelated, with each one affecting the others. For example, an increase in Synalloy's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Synalloy's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Synalloy. Check Synalloy's Beneish M Score to see the likelihood of Synalloy's management manipulating its earnings.
Synalloy Stock Summary
Synalloy competes with Grupo Simec, Mesabi Trust, Algoma Steel, Aperam PK, and Acerinox. Ascent Industries Co. an industrials company, focuses on the production and distribution of industrial tubular products and specialty chemicals in the United States and internationally. Ascent Industries Co. was founded in 1945 and is headquartered in Oak Brook, Illinois. Ascent Industries operates under Steel classification in the United States and is traded on NASDAQ Exchange. It employs 638 people.
The reason investors look at the income statement is to determine what Synalloy's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
Comparative valuation techniques use various fundamental indicators to help in determining Synalloy's current stock value. Our valuation model uses many indicators to compare Synalloy value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Synalloy competition to find correlations between indicators driving Synalloy's intrinsic value. More Info.
Synalloy is rated below average in return on equity category among its peers. It also is rated below average in return on asset category among its peers . At this time, Synalloy's Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Synalloy by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.
Synalloy Systematic Risk
Synalloy's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Synalloy 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 fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Synalloy correlated with the market. If Beta is less than 0 Synalloy generally moves in the opposite direction as compared to the market. If Synalloy Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Synalloy is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Synalloy is generally in the same direction as the market. If Beta > 1 Synalloy moves generally in the same direction as, but more than the movement of the benchmark.
Synalloy Thematic Clasifications
Synalloy is part of Steel Works Etc 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. USA Equities from Steel Works Etc industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
This theme covers USA Equities from Steel Works Etc industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
Today, most investors in Synalloy Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Synalloy's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Synalloy growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of Synalloy help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Synalloy. We use our internally-developed statistical techniques to arrive at the intrinsic value of Synalloy based on widely used predictive technical indicators. In general, we focus on analyzing Synalloy Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Synalloy's daily price indicators and compare them against related drivers.
When running Synalloy's price analysis, check to measure Synalloy'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 Synalloy is operating at the current time. Most of Synalloy's value examination focuses on studying past and present price action to predict the probability of Synalloy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Synalloy's price. Additionally, you may evaluate how the addition of Synalloy to your portfolios can decrease your overall portfolio volatility.