New Wave Group Stock Current Ratio
| NEWA-B Stock | SEK 101.50 2.10 2.03% |
New Wave Group fundamentals help investors to digest information that contributes to New Wave's financial success or failures. It also enables traders to predict the movement of New Stock. The fundamental analysis module provides a way to measure New Wave'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 New Wave stock.
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New Wave Group Company Current Ratio Analysis
New Wave's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current New Wave Current Ratio | 3.01 X |
Most of New Wave's fundamental indicators, such as Current Ratio, 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, New Wave Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
In accordance with the recently published financial statements, New Wave Group has a Current Ratio of 3.01 times. This is 32.6% higher than that of the Consumer Cyclical sector and 28.63% higher than that of the Apparel Manufacturing industry. The current ratio for all Sweden stocks is 39.35% lower than that of the firm.
New Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses New Wave's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of New Wave could also be used in its relative valuation, which is a method of valuing New Wave by comparing valuation metrics of similar companies.New Wave is currently under evaluation in current ratio category among its peers.
New Fundamentals
| Return On Equity | 0.22 | |||
| Return On Asset | 0.11 | |||
| Profit Margin | 0.13 % | |||
| Operating Margin | 0.18 % | |||
| Current Valuation | 16.38 B | |||
| Shares Outstanding | 46.64 M | |||
| Shares Owned By Insiders | 13.78 % | |||
| Shares Owned By Institutions | 45.98 % | |||
| Price To Earning | 10.64 X | |||
| Price To Book | 2.58 X | |||
| Price To Sales | 1.66 X | |||
| Revenue | 6.72 B | |||
| Gross Profit | 4.38 B | |||
| EBITDA | 1.24 B | |||
| Net Income | 760.3 M | |||
| Cash And Equivalents | 182.5 M | |||
| Cash Per Share | 2.75 X | |||
| Total Debt | 1.17 B | |||
| Debt To Equity | 84.40 % | |||
| Current Ratio | 3.01 X | |||
| Book Value Per Share | 88.77 X | |||
| Cash Flow From Operations | 1.21 B | |||
| Earnings Per Share | 15.50 X | |||
| Target Price | 266.25 | |||
| Number Of Employees | 2.31 K | |||
| Beta | 1.75 | |||
| Market Capitalization | 15.88 B | |||
| Total Asset | 7.66 B | |||
| Retained Earnings | 1.91 B | |||
| Working Capital | 2.88 B | |||
| Current Asset | 3.85 B | |||
| Current Liabilities | 969 M | |||
| Z Score | 7.8 | |||
| Annual Yield | 0.02 % | |||
| Five Year Return | 2.58 % | |||
| Net Asset | 7.66 B | |||
| Last Dividend Paid | 6.5 |
About New Wave Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze New Wave Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of New Wave using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of New Wave Group 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.
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New Wave financial ratios help investors to determine whether New 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 New with respect to the benefits of owning New Wave security.