Kits Eyecare Stock Price To Earning
| KITS Stock | CAD 8.40 0.15 1.82% |
Kits Eyecare fundamentals help investors to digest information that contributes to Kits Eyecare's financial success or failures. It also enables traders to predict the movement of Kits Stock. The fundamental analysis module provides a way to measure Kits Eyecare'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 Kits Eyecare stock.
Kits | Price To Earning |
Kits Eyecare Company Price To Earning Analysis
Kits Eyecare'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.
Kits Price To Earning Driver Correlations
Understanding the fundamental principles of building solid financial models for Kits Eyecare is extremely important. It helps to project a fair market value of Kits Stock properly, considering its historical fundamentals such as Price To Earning. Since Kits Eyecare's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Kits Eyecare's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Kits Eyecare's interrelated accounts and indicators.
Click cells to compare fundamentals
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.
| Competition |
Kits Retained Earnings
Retained Earnings |
|
Based on the latest financial disclosure, Kits Eyecare has a Price To Earning of 0.0 times. This is 100.0% lower than that of the Specialty Retail sector and 100.0% lower than that of the Consumer Discretionary industry. The price to earning for all Canada stocks is 100.0% higher than that of the company.
Did you try this?
Run Competition Analyzer Now
Competition AnalyzerAnalyze and compare many basic indicators for a group of related or unrelated entities |
| All Next | Launch Module |
Kits Fundamentals
| Return On Equity | -0.002 | ||||
| Return On Asset | 0.0039 | ||||
| Profit Margin | (0.0007) % | ||||
| Operating Margin | 0.02 % | ||||
| Current Valuation | 259.05 M | ||||
| Shares Outstanding | 31.58 M | ||||
| Shares Owned By Insiders | 75.70 % | ||||
| Shares Owned By Institutions | 4.21 % | ||||
| Number Of Shares Shorted | 7.31 K | ||||
| Price To Book | 4.97 X | ||||
| Price To Sales | 1.81 X | ||||
| Revenue | 120.51 M | ||||
| Gross Profit | 29.25 M | ||||
| EBITDA | 2.34 M | ||||
| Net Income | (2.21 M) | ||||
| Cash And Equivalents | 18.79 M | ||||
| Cash Per Share | 0.60 X | ||||
| Total Debt | 15.39 M | ||||
| Debt To Equity | 0.40 % | ||||
| Current Ratio | 1.80 X | ||||
| Book Value Per Share | 1.69 X | ||||
| Cash Flow From Operations | 2.4 M | ||||
| Short Ratio | 0.42 X | ||||
| Earnings Per Share | (0.01) X | ||||
| Target Price | 15.5 | ||||
| Number Of Employees | 143 | ||||
| Beta | 0.36 | ||||
| Market Capitalization | 265.24 M | ||||
| Total Asset | 87.64 M | ||||
| Retained Earnings | (27.91 M) | ||||
| Working Capital | 9.46 M | ||||
| Net Asset | 87.64 M |
About Kits Eyecare Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Kits Eyecare's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Kits Eyecare using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Kits Eyecare 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 Kits Eyecare
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 Kits Eyecare 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 Kits Eyecare will appreciate offsetting losses from the drop in the long position's value.Moving together with Kits Stock
Moving against Kits Stock
| 0.9 | SOY | SunOpta | PairCorr |
| 0.89 | ERE-UN | European Residential Real | PairCorr |
| 0.86 | TCS | TECSYS Inc | PairCorr |
| 0.84 | Y | Yellow Pages Limited | PairCorr |
| 0.84 | FFH | Fairfax Financial | PairCorr |
The ability to find closely correlated positions to Kits Eyecare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kits Eyecare 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 Kits Eyecare - 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 Kits Eyecare to buy it.
The correlation of Kits Eyecare 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 Kits Eyecare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kits Eyecare 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 Kits Eyecare 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.Other Information on Investing in Kits Stock
Kits Eyecare financial ratios help investors to determine whether Kits 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 Kits with respect to the benefits of owning Kits Eyecare security.