Cangzhou Mingzhu EBITDA vs. Current Valuation
| 002108 Stock | 3.69 0.10 2.79% |
EBITDA | First Reported 2010-12-31 | Previous Quarter 508.8 M | Current Value 492.6 M | Quarterly Volatility 168.8 M |
For Cangzhou Mingzhu profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Cangzhou Mingzhu to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Cangzhou Mingzhu Plastic utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Cangzhou Mingzhu's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Cangzhou Mingzhu Plastic over time as well as its relative position and ranking within its peers.
Cangzhou |
Cangzhou Mingzhu Plastic Current Valuation vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Cangzhou Mingzhu's current stock value. Our valuation model uses many indicators to compare Cangzhou Mingzhu value to that of its competitors to determine the firm's financial worth. Cangzhou Mingzhu Plastic is number one stock in ebitda category among its peers. It also is the top company in current valuation category among its peers reporting about 29.67 of Current Valuation per EBITDA. At present, Cangzhou Mingzhu's EBITDA is projected to decrease significantly based on the last few years of reporting. Comparative valuation analysis is a catch-all model that can be used if you cannot value Cangzhou Mingzhu by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Cangzhou Mingzhu's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Cangzhou Current Valuation vs. EBITDA
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.
Cangzhou Mingzhu |
| = | 234.21 M |
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.
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.
Cangzhou Mingzhu |
| = | 6.95 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Cangzhou Current Valuation vs Competition
Cangzhou Mingzhu Plastic is the top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Energy industry is presently estimated at about 74.79 Billion. Cangzhou Mingzhu holds roughly 6.95 Billion in current valuation claiming about 9% of equities under Energy industry.
Cangzhou Mingzhu Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Cangzhou Mingzhu, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Cangzhou Mingzhu will eventually generate negative long term returns. The profitability progress is the general direction of Cangzhou Mingzhu's change in net profit over the period of time. It can combine multiple indicators of Cangzhou Mingzhu, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Net Income Applicable To Common Shares | 420.9 M | 441.9 M | |
| Net Income | 272.6 M | 203 M | |
| Operating Income | 195.5 M | 267.2 M | |
| Income Before Tax | 318.5 M | 278.5 M | |
| Income Tax Expense | 79.8 M | 57.1 M | |
| Net Income From Continuing Ops | 277.3 M | 260.2 M | |
| Total Other Income Expense Net | 1.7 M | 1.6 M | |
| Net Interest Income | -5.4 M | -5.7 M | |
| Interest Income | 12.1 M | 12.7 M | |
| Change To Netincome | -35.2 M | -33.5 M |
Cangzhou Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Cangzhou Mingzhu. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Cangzhou Mingzhu position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Cangzhou Mingzhu's important profitability drivers and their relationship over time.
Use Cangzhou Mingzhu in pair-trading
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 Cangzhou Mingzhu 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 Cangzhou Mingzhu will appreciate offsetting losses from the drop in the long position's value.Cangzhou Mingzhu Pair Trading
Cangzhou Mingzhu Plastic Pair Trading Analysis
The ability to find closely correlated positions to Cangzhou Mingzhu could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cangzhou Mingzhu 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 Cangzhou Mingzhu - 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 Cangzhou Mingzhu Plastic to buy it.
The correlation of Cangzhou Mingzhu 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 Cangzhou Mingzhu moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cangzhou Mingzhu Plastic 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 Cangzhou Mingzhu 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.Use Investing Themes to Complement your Cangzhou Mingzhu position
In addition to having Cangzhou Mingzhu in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Other Information on Investing in Cangzhou Stock
To fully project Cangzhou Mingzhu's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Cangzhou Mingzhu Plastic at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Cangzhou Mingzhu's income statement, its balance sheet, and the statement of cash flows.