Korea Steel Current Valuation vs. Gross Profit
| 007280 Stock | 1,386 16.00 1.14% |
For Korea Steel profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Korea Steel to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Korea Steel Co utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Korea Steel's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Korea Steel Co over time as well as its relative position and ranking within its peers.
Korea |
Korea Steel Gross Profit vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Korea Steel's current stock value. Our valuation model uses many indicators to compare Korea Steel value to that of its competitors to determine the firm's financial worth. Korea Steel Co is rated second in current valuation category among its peers. It also is rated second in gross profit category among its peers fabricating about 0.20 of Gross Profit per Current Valuation. The ratio of Current Valuation to Gross Profit for Korea Steel Co is roughly 4.92 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Korea Steel by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Korea Steel'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.Korea Current Valuation vs. Competition
Korea Steel Co is rated second in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Steel industry is presently estimated at about 988.5 Billion. Korea Steel totals roughly 302.47 Billion in current valuation claiming about 31% of equities listed under Steel industry.
Korea Gross Profit vs. Current Valuation
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.
Korea Steel |
| = | 302.47 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.
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Korea Steel |
| = | 61.43 B |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Korea Gross Profit Comparison
Korea Steel is currently under evaluation in gross profit category among its peers.
Korea Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Korea Steel. 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 Korea Steel 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 Korea Steel's important profitability drivers and their relationship over time.
Use Korea Steel 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 Korea Steel 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 Korea Steel will appreciate offsetting losses from the drop in the long position's value.Korea Steel Pair Trading
Korea Steel Co Pair Trading Analysis
The ability to find closely correlated positions to Korea Steel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Korea Steel 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 Korea Steel - 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 Korea Steel Co to buy it.
The correlation of Korea Steel 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 Korea Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Korea Steel 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 Korea Steel 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 Korea Steel position
In addition to having Korea Steel 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?
Run Trading Thematic Idea Now
Trading
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Trading theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Trading Theme or any other thematic opportunities.
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Other Information on Investing in Korea Stock
To fully project Korea Steel's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Korea Steel 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 Korea Steel's income statement, its balance sheet, and the statement of cash flows.