Ermenegildo Zegna Nv Stock Return On Asset
| ZGN Stock | USD 8.09 0.21 2.66% |
Ermenegildo Zegna NV fundamentals help investors to digest information that contributes to Ermenegildo Zegna's financial success or failures. It also enables traders to predict the movement of Ermenegildo Stock. The fundamental analysis module provides a way to measure Ermenegildo Zegna'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 Ermenegildo Zegna stock.
As of the 1st of December 2024, Return On Assets is likely to grow to 0.05. Ermenegildo | Return On Asset |
Ermenegildo Zegna NV Company Return On Asset Analysis
Ermenegildo Zegna's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Ermenegildo Zegna Return On Asset | 0.0415 |
Most of Ermenegildo Zegna's fundamental indicators, such as Return On Asset, 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, Ermenegildo Zegna NV is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Ermenegildo Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Ermenegildo Zegna is extremely important. It helps to project a fair market value of Ermenegildo Stock properly, considering its historical fundamentals such as Return On Asset. Since Ermenegildo Zegna'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 Ermenegildo Zegna'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 Ermenegildo Zegna's interrelated accounts and indicators.
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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Ermenegildo Total Assets
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Based on the latest financial disclosure, Ermenegildo Zegna NV has a Return On Asset of 0.0415. This is 96.19% lower than that of the Textiles, Apparel & Luxury Goods sector and 100.27% lower than that of the Consumer Discretionary industry. The return on asset for all United States stocks is 129.64% lower than that of the firm.
Ermenegildo Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ermenegildo Zegna's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Ermenegildo Zegna could also be used in its relative valuation, which is a method of valuing Ermenegildo Zegna by comparing valuation metrics of similar companies.Ermenegildo Zegna is currently under evaluation in return on asset category among its peers.
Ermenegildo Zegna Current Valuation Drivers
We derive many important indicators used in calculating different scores of Ermenegildo Zegna from analyzing Ermenegildo Zegna's financial statements. These drivers represent accounts that assess Ermenegildo Zegna's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Ermenegildo Zegna's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 2.3B | 442.1M | 1.9B | 2.3B | 2.7B | 1.6B | |
| Enterprise Value | 3.2B | 1.2B | 2.5B | 3.0B | 3.4B | 2.2B |
Ermenegildo Zegna ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Ermenegildo Zegna's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Ermenegildo Zegna's managers, analysts, and investors.Environmental | Governance | Social |
Ermenegildo Fundamentals
| Return On Equity | 0.13 | ||||
| Return On Asset | 0.0415 | ||||
| Profit Margin | 0.05 % | ||||
| Operating Margin | 0.08 % | ||||
| Current Valuation | 2.77 B | ||||
| Shares Outstanding | 252.42 M | ||||
| Shares Owned By Insiders | 74.54 % | ||||
| Shares Owned By Institutions | 20.14 % | ||||
| Number Of Shares Shorted | 2.08 M | ||||
| Price To Earning | 7.61 X | ||||
| Price To Book | 2.27 X | ||||
| Price To Sales | 1.04 X | ||||
| Revenue | 1.9 B | ||||
| Gross Profit | 772.21 M | ||||
| EBITDA | 392.95 M | ||||
| Net Income | 135.66 M | ||||
| Cash And Equivalents | 668.65 M | ||||
| Cash Per Share | 2.75 X | ||||
| Total Debt | 996.35 M | ||||
| Debt To Equity | 1.50 % | ||||
| Current Ratio | 2.36 X | ||||
| Book Value Per Share | 3.38 X | ||||
| Cash Flow From Operations | 275.38 M | ||||
| Short Ratio | 3.52 X | ||||
| Earnings Per Share | 0.42 X | ||||
| Price To Earnings To Growth | 1.83 X | ||||
| Target Price | 10.61 | ||||
| Number Of Employees | 7.45 K | ||||
| Beta | 0.66 | ||||
| Market Capitalization | 1.9 B | ||||
| Total Asset | 2.77 B | ||||
| Retained Earnings | 640.99 M | ||||
| Working Capital | 275.51 M | ||||
| Annual Yield | 0.02 % | ||||
| Net Asset | 2.77 B | ||||
| Last Dividend Paid | 0.12 |
About Ermenegildo Zegna Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ermenegildo Zegna NV's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ermenegildo Zegna using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ermenegildo Zegna NV 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 Ermenegildo Zegna
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 Ermenegildo Zegna 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 Ermenegildo Zegna will appreciate offsetting losses from the drop in the long position's value.Moving together with Ermenegildo Stock
Moving against Ermenegildo Stock
| 0.82 | RL | Ralph Lauren Corp | PairCorr |
| 0.81 | VSTO | Vista Outdoor | PairCorr |
| 0.8 | DOGZ | Dogness International | PairCorr |
| 0.77 | REE | Ree Automotive Holding | PairCorr |
| 0.76 | KTB | Kontoor Brands | PairCorr |
The ability to find closely correlated positions to Ermenegildo Zegna could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ermenegildo Zegna 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 Ermenegildo Zegna - 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 Ermenegildo Zegna NV to buy it.
The correlation of Ermenegildo Zegna 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 Ermenegildo Zegna moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ermenegildo Zegna 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 Ermenegildo Zegna 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 Ermenegildo Zegna Piotroski F Score and Ermenegildo Zegna Altman Z Score analysis. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Apparel, Accessories & Luxury Goods space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ermenegildo Zegna. If investors know Ermenegildo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ermenegildo Zegna listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.47) | Dividend Share 0.12 | Earnings Share 0.42 | Revenue Per Share 7.839 | Quarterly Revenue Growth 0.063 |
The market value of Ermenegildo Zegna is measured differently than its book value, which is the value of Ermenegildo that is recorded on the company's balance sheet. Investors also form their own opinion of Ermenegildo Zegna's value that differs from its market value or its book value, called intrinsic value, which is Ermenegildo Zegna's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ermenegildo Zegna's market value can be influenced by many factors that don't directly affect Ermenegildo Zegna's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ermenegildo Zegna's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ermenegildo Zegna is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ermenegildo Zegna's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.