Steel Connect Stock Fundamentals
Steel Connect fundamentals help investors to digest information that contributes to Steel Connect's financial success or failures. It also enables traders to predict the movement of Steel Stock. The fundamental analysis module provides a way to measure Steel Connect'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 Steel Connect stock.
Steel |
Steel Connect Company Return On Equity Analysis
Steel Connect's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Steel Connect Return On Equity | 0.25 |
Most of Steel Connect's fundamental indicators, such as Return On Equity, 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, Steel Connect is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
CompetitionBased on the latest financial disclosure, Steel Connect has a Return On Equity of 0.252. This is 97.57% lower than that of the Professional Services sector and significantly higher than that of the Industrials industry. The return on equity for all United States stocks is 181.29% lower than that of the firm.
Steel Connect Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Steel Connect's current stock value. Our valuation model uses many indicators to compare Steel Connect value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Steel Connect competition to find correlations between indicators driving Steel Connect's intrinsic value. More Info.Steel Connect is currently regarded as top stock in return on equity category among its peers. It also is currently regarded as top stock in return on asset category among its peers reporting about 0.04 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Steel Connect is roughly 24.23 . 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 Steel Connect's earnings, one of the primary drivers of an investment's value.Steel Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Steel Connect's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Steel Connect could also be used in its relative valuation, which is a method of valuing Steel Connect by comparing valuation metrics of similar companies.Steel Connect is currently under evaluation in return on equity category among its peers.
Steel Fundamentals
| Return On Equity | 0.25 | |||
| Return On Asset | 0.0104 | |||
| Profit Margin | 0.51 % | |||
| Operating Margin | 0.02 % | |||
| Current Valuation | 99.88 M | |||
| Shares Outstanding | 6.34 M | |||
| Shares Owned By Insiders | 9.13 % | |||
| Shares Owned By Institutions | 68.70 % | |||
| Number Of Shares Shorted | 5.19 K | |||
| Price To Earning | 3.87 X | |||
| Price To Book | 0.49 X | |||
| Price To Sales | 0.44 X | |||
| Revenue | 174.11 M | |||
| Gross Profit | 42.74 M | |||
| EBITDA | 27.33 M | |||
| Net Income | 87.98 M | |||
| Cash And Equivalents | 49.91 M | |||
| Cash Per Share | 0.84 X | |||
| Total Debt | 33.96 M | |||
| Debt To Equity | 1.25 % | |||
| Current Ratio | 1.25 X | |||
| Book Value Per Share | 24.67 X | |||
| Cash Flow From Operations | 21.85 M | |||
| Short Ratio | 0.15 X | |||
| Earnings Per Share | 3.03 X | |||
| Target Price | 22.5 | |||
| Number Of Employees | 939 | |||
| Beta | 0.2 | |||
| Market Capitalization | 77.17 M | |||
| Total Asset | 485.63 M | |||
| Retained Earnings | 93.46 M | |||
| Working Capital | 251.52 M | |||
| Net Asset | 485.63 M |
Pair Trading with Steel Connect
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 Steel Connect 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 Steel Connect will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Eaton PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eaton PLC 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 Eaton PLC - 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 Eaton PLC to buy it.
The correlation of Eaton PLC 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 Eaton PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eaton PLC 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 Eaton PLC 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.Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Other Consideration for investing in Steel Stock
If you are still planning to invest in Steel Connect check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Steel Connect's history and understand the potential risks before investing.
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