Shieh Yih Machinery Stock Price To Earning
| 4533 Stock | TWD 39.00 1.00 2.50% |
Shieh Yih Machinery fundamentals help investors to digest information that contributes to Shieh Yih's financial success or failures. It also enables traders to predict the movement of Shieh Stock. The fundamental analysis module provides a way to measure Shieh Yih's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Shieh Yih stock.
Shieh |
Shieh Yih Machinery Company Price To Earning Analysis
Shieh Yih's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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Based on the latest financial disclosure, Shieh Yih Machinery has a Price To Earning of 0.0 times. This is 100.0% lower than that of the Machinery sector and about the same as Industrials (which currently averages 0.0) industry. The price to earning for all Taiwan stocks is 100.0% higher than that of the company.
Shieh Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Shieh Yih's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Shieh Yih could also be used in its relative valuation, which is a method of valuing Shieh Yih by comparing valuation metrics of similar companies.Shieh Yih is currently under evaluation in price to earning category among its peers.
Shieh Fundamentals
| Return On Equity | 0.0432 | |||
| Return On Asset | -0.0016 | |||
| Profit Margin | 0.03 % | |||
| Operating Margin | (0) % | |||
| Current Valuation | 725.17 M | |||
| Shares Outstanding | 158.43 M | |||
| Shares Owned By Insiders | 41.67 % | |||
| Shares Owned By Institutions | 0.39 % | |||
| Price To Book | 0.68 X | |||
| Price To Sales | 0.46 X | |||
| Revenue | 3.8 B | |||
| Gross Profit | 812.9 M | |||
| EBITDA | 199.76 M | |||
| Net Income | 56.66 M | |||
| Total Debt | 982.74 M | |||
| Book Value Per Share | 15.71 X | |||
| Cash Flow From Operations | 51.66 M | |||
| Earnings Per Share | 0.66 X | |||
| Number Of Employees | 16 | |||
| Beta | 0.34 | |||
| Market Capitalization | 1.81 B | |||
| Total Asset | 6.13 B | |||
| Z Score | 0.6 | |||
| Annual Yield | 0.03 % | |||
| Net Asset | 6.13 B |
About Shieh Yih Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Shieh Yih Machinery's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Shieh Yih using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Shieh Yih Machinery based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Shieh Yih
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 Shieh Yih 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 Shieh Yih will appreciate offsetting losses from the drop in the long position's value.Moving against Shieh Stock
| 0.74 | 1446 | Hong Ho Precision | PairCorr |
| 0.65 | 8042 | Taiwan Chinsan Electronic | PairCorr |
| 0.56 | 2345 | Accton Technology Corp | PairCorr |
| 0.55 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.54 | 1231 | Lian Hwa Foods | PairCorr |
The ability to find closely correlated positions to Shieh Yih could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shieh Yih 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 Shieh Yih - 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 Shieh Yih Machinery to buy it.
The correlation of Shieh Yih 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 Shieh Yih moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shieh Yih Machinery 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 Shieh Yih 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 Shieh Stock Analysis
When running Shieh Yih's price analysis, check to measure Shieh Yih'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 Shieh Yih is operating at the current time. Most of Shieh Yih's value examination focuses on studying past and present price action to predict the probability of Shieh Yih's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shieh Yih's price. Additionally, you may evaluate how the addition of Shieh Yih to your portfolios can decrease your overall portfolio volatility.