Cathay Consolidated Price To Book vs. Cash Per Share
| 1342 Stock | TWD 108.00 2.50 2.37% |
For Cathay Consolidated profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Cathay Consolidated to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Cathay Consolidated utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Cathay Consolidated's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Cathay Consolidated over time as well as its relative position and ranking within its peers.
Cathay |
Cathay Consolidated Cash Per Share vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Cathay Consolidated's current stock value. Our valuation model uses many indicators to compare Cathay Consolidated value to that of its competitors to determine the firm's financial worth. Cathay Consolidated is number one stock in price to book category among its peers. It also is number one stock in cash per share category among its peers fabricating about 1.08 of Cash Per Share per Price To Book. 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 Cathay Consolidated's earnings, one of the primary drivers of an investment's value.Cathay Cash Per Share vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Cathay Consolidated |
| = | 5.29 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Cathay Consolidated |
| = | 5.70 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Cathay Cash Per Share Comparison
Cathay Consolidated is currently under evaluation in cash per share category among its peers.
Cathay Consolidated Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Cathay Consolidated, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Cathay Consolidated will eventually generate negative long term returns. The profitability progress is the general direction of Cathay Consolidated's change in net profit over the period of time. It can combine multiple indicators of Cathay Consolidated, 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.
Cathay Consolidated, Inc. operates as a contract manufacturer of technical fabrics and finished goods. Cathay Consolidated, Inc. was founded in 1982 and is based in Yilan, Taiwan. CATHAY CONSOLIDATED operates under Textile Manufacturing classification in Taiwan and is traded on Taiwan Stock Exchange. It employs 283 people.
Cathay Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Cathay Consolidated. 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 Cathay Consolidated 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 Cathay Consolidated's important profitability drivers and their relationship over time.
Use Cathay Consolidated 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 Cathay Consolidated 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 Cathay Consolidated will appreciate offsetting losses from the drop in the long position's value.Cathay Consolidated Pair Trading
Cathay Consolidated Pair Trading Analysis
The ability to find closely correlated positions to Cathay Consolidated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cathay Consolidated 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 Cathay Consolidated - 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 Cathay Consolidated to buy it.
The correlation of Cathay Consolidated 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 Cathay Consolidated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cathay Consolidated 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 Cathay Consolidated 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 Cathay Consolidated position
In addition to having Cathay Consolidated 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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Additional Tools for Cathay Stock Analysis
When running Cathay Consolidated's price analysis, check to measure Cathay Consolidated'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 Cathay Consolidated is operating at the current time. Most of Cathay Consolidated's value examination focuses on studying past and present price action to predict the probability of Cathay Consolidated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cathay Consolidated's price. Additionally, you may evaluate how the addition of Cathay Consolidated to your portfolios can decrease your overall portfolio volatility.