Millat Tractors Stock Fundamentals
| MTL Stock | 624.44 1.53 0.25% |
Millat Tractors fundamentals help investors to digest information that contributes to Millat Tractors' financial success or failures. It also enables traders to predict the movement of Millat Stock. The fundamental analysis module provides a way to measure Millat Tractors' 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 Millat Tractors stock.
Millat |
Millat Tractors Company EBITDA Analysis
Millat Tractors' EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Current Millat Tractors EBITDA | 10.14 B |
Most of Millat Tractors' fundamental indicators, such as EBITDA, 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, Millat Tractors is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
| Competition |
According to the company disclosure, Millat Tractors reported earnings before interest,tax, depreciation and amortization of 10.14 B. This is much higher than that of the Industrials sector and much higher than that of the Machinery industry. The ebitda for all Pakistan stocks is 160.17% lower than that of the firm.
Millat Tractors Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Millat Tractors's current stock value. Our valuation model uses many indicators to compare Millat Tractors value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Millat Tractors competition to find correlations between indicators driving Millat Tractors's intrinsic value. More Info.Millat Tractors is rated top company in revenue category among its peers. It also is considered to be number one stock in ebitda category among its peers totaling about 0.18 of EBITDA per Revenue. The ratio of Revenue to EBITDA for Millat Tractors is roughly 5.42 . 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 Millat Tractors' earnings, one of the primary drivers of an investment's value.Did you try this?
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Positions RatingsDetermine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Millat Fundamentals
| Revenue | 55.01 B | |||
| EBITDA | 10.14 B | |||
| Net Income | 5.37 B | |||
| Total Debt | 69.26 M | |||
| Cash Flow From Operations | 30.42 M | |||
| Total Asset | 24.18 B | |||
| Z Score | 2.0 | |||
| Net Asset | 24.18 B |
About Millat Tractors Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Millat Tractors's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Millat Tractors using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Millat Tractors 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 Millat Tractors
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 Millat Tractors 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 Millat Tractors will appreciate offsetting losses from the drop in the long position's value.Moving together with Millat Stock
| 0.79 | OGDC | Oil and Gas | PairCorr |
| 0.81 | PSO | Pakistan State Oil | PairCorr |
| 0.85 | PPL | Pakistan Petroleum | PairCorr |
| 0.84 | FFC | Fauji Fertilizer | PairCorr |
| 0.74 | HBL | Habib Bank | PairCorr |
The ability to find closely correlated positions to Millat Tractors could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Millat Tractors 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 Millat Tractors - 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 Millat Tractors to buy it.
The correlation of Millat Tractors 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 Millat Tractors moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Millat Tractors 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 Millat Tractors 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 Millat Stock Analysis
When running Millat Tractors' price analysis, check to measure Millat Tractors' 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 Millat Tractors is operating at the current time. Most of Millat Tractors' value examination focuses on studying past and present price action to predict the probability of Millat Tractors' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Millat Tractors' price. Additionally, you may evaluate how the addition of Millat Tractors to your portfolios can decrease your overall portfolio volatility.