Yieh United Steel Stock Fundamentals

9957 Stock  TWD 6.35  0.06  0.95%   
Yieh United Steel fundamentals help investors to digest information that contributes to Yieh United's financial success or failures. It also enables traders to predict the movement of Yieh Stock. The fundamental analysis module provides a way to measure Yieh United'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 Yieh United stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Yieh United Steel Company Current Valuation Analysis

Yieh United'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.

Enterprise Value

 = 

Market Cap + Debt

-

Cash

More About Current Valuation | All Equity Analysis

Current Yieh United Current Valuation

    
  49.06 B  
Most of Yieh United'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, Yieh United Steel 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, Yieh United Steel has a Current Valuation of 49.06 B. This is 330.03% higher than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The current valuation for all Taiwan stocks is 195.13% lower than that of the firm.

Yieh United Steel Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Yieh United's current stock value. Our valuation model uses many indicators to compare Yieh United value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Yieh United competition to find correlations between indicators driving Yieh United's intrinsic value. More Info.
Yieh United Steel 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  0.24  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Yieh United Steel is roughly  4.21 . 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 Yieh United's earnings, one of the primary drivers of an investment's value.

Yieh Current Valuation Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Yieh United's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Yieh United could also be used in its relative valuation, which is a method of valuing Yieh United by comparing valuation metrics of similar companies.
Yieh United is currently under evaluation in current valuation category among its peers.

Yieh Fundamentals

About Yieh United Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Yieh United Steel's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Yieh United using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Yieh United Steel 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.
Yieh United Steel Corp. produces and sells stainless steel products in Taiwan and internationally. The company was founded in 1988 and is based in Kaohsiung City, Taiwan. YIEH UNITED operates under Steel classification in Taiwan and is traded on Taiwan OTC Exchange.

Pair Trading with Yieh United

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

Moving together with Yieh Stock

  0.799962 Yeou Yih SteelPairCorr

Moving against Yieh Stock

  0.362881A Fubon Financial HoldingPairCorr
  0.349904 Pou Chen CorpPairCorr
The ability to find closely correlated positions to Yieh United could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yieh United 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 Yieh United - 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 Yieh United Steel to buy it.
The correlation of Yieh United 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 Yieh United moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yieh United Steel 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 Yieh United 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

Additional Tools for Yieh Stock Analysis

When running Yieh United's price analysis, check to measure Yieh United'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 Yieh United is operating at the current time. Most of Yieh United's value examination focuses on studying past and present price action to predict the probability of Yieh United's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yieh United's price. Additionally, you may evaluate how the addition of Yieh United to your portfolios can decrease your overall portfolio volatility.