SeaWon Oh - Formetal Chief Officer

119500 Stock  KRW 3,200  270.00  7.78%   

Insider

SeaWon Oh is Chief Officer of Formetal Co
Age 88
Phone82 4 1670 6200
Webhttps://www.formetal.co.kr

Formetal Management Efficiency

The company has return on total asset (ROA) of 0.0192 % which means that it generated a profit of $0.0192 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 3.1515 %, meaning that it generated $3.1515 on every $100 dollars invested by stockholders. Formetal's management efficiency ratios could be used to measure how well Formetal manages its routine affairs as well as how well it operates its assets and liabilities.
Formetal Co has accumulated 2.59 B in total debt with debt to equity ratio (D/E) of 21.9, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Formetal has a current ratio of 1.57, which is within standard range for the sector. Debt can assist Formetal until it has trouble settling it off, either with new capital or with free cash flow. So, Formetal's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Formetal sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Formetal to invest in growth at high rates of return. When we think about Formetal's use of debt, we should always consider it together with cash and equity.

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Formetal Co., Ltd. operates as a metal forging company in Korea. Formetal Co., Ltd. was founded in 1969 and is based in Seosan, South Korea. FORMETAL is traded on Korean Securities Dealers Automated Quotations in South Korea. Formetal Co (119500) is traded on KOSDAQ in Korea and employs 11 people.

Management Performance

Formetal Leadership Team

Elected by the shareholders, the Formetal's board of directors comprises two types of representatives: Formetal inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Formetal. The board's role is to monitor Formetal's management team and ensure that shareholders' interests are well served. Formetal's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Formetal's outside directors are responsible for providing unbiased perspectives on the board's policies.
KiJung Kim, President
SeaWon Oh, Chief Officer

Formetal Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Formetal a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Formetal

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 Formetal 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 Formetal will appreciate offsetting losses from the drop in the long position's value.

Moving together with Formetal Stock

  0.63282880 COWINTECH SplitPairCorr
  0.82297090 CS BEARING CoLtdPairCorr
The ability to find closely correlated positions to Formetal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Formetal 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 Formetal - 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 Formetal Co to buy it.
The correlation of Formetal 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 Formetal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Formetal 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 Formetal 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Formetal Stock

Formetal financial ratios help investors to determine whether Formetal 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 Formetal with respect to the benefits of owning Formetal security.