Transcript Zimmer Biomet Holdings, Inc., Q2 2023 Earnings Call, Aug 01, 2023 - Marketscreener.com
| ZIM Stock | EUR 105.65 0.20 0.19% |
Slightly above 56% of Zimmer Biomet's investor base is looking to short. The analysis of current outlook of investing in Zimmer Biomet Holdings suggests that many traders are alarmed regarding Zimmer Biomet's prospects. Zimmer Biomet's investing sentiment can be driven by a variety of factors including economic data, Zimmer Biomet's earnings reports, geopolitical events, and overall market trends.
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Transcript Zimmer Biomet Holdings, Inc., Q2 2023 Earnings Call, Aug 01, 2023 Marketscreener.com
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Zimmer Biomet Fundamental Analysis
We analyze Zimmer Biomet's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Zimmer Biomet using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Zimmer Biomet 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.
Current Valuation
Current Valuation Comparative Analysis
Zimmer Biomet is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Zimmer Biomet Holdings Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Zimmer Biomet stock to make a market-neutral strategy. Peer analysis of Zimmer Biomet could also be used in its relative valuation, which is a method of valuing Zimmer Biomet by comparing valuation metrics with similar companies.
Peers
Zimmer Biomet Related Equities
| 4GF | GRUPO CARSO | 1.90 | ||||
| WN6 | CARSALESCOM | 1.72 | ||||
| 54M | Motorcar Parts | 1.46 | ||||
| 9MF | MTY Food | 1.38 | ||||
| TF7A | TYSON FOODS | 0.78 | ||||
| Z1L | Lery Seafood | 0.68 | ||||
| CZ2 | National Retail | 2.37 |
Additional Tools for Zimmer Stock Analysis
When running Zimmer Biomet's price analysis, check to measure Zimmer Biomet's 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 Zimmer Biomet is operating at the current time. Most of Zimmer Biomet's value examination focuses on studying past and present price action to predict the probability of Zimmer Biomet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zimmer Biomet's price. Additionally, you may evaluate how the addition of Zimmer Biomet to your portfolios can decrease your overall portfolio volatility.