China Steel Price To Sales vs. Cash Per Share
| 2002A Stock | TWD 41.65 0.20 0.48% |
For China Steel profitability analysis, we use financial ratios and fundamental drivers that measure the ability of China Steel to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well China Steel Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between China Steel's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of China Steel Corp over time as well as its relative position and ranking within its peers.
China |
China Steel Corp Cash Per Share vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining China Steel's current stock value. Our valuation model uses many indicators to compare China Steel value to that of its competitors to determine the firm's financial worth. China Steel Corp is number one stock in price to sales category among its peers. It also is number one stock in cash per share category among its peers fabricating about 2.18 of Cash Per Share per Price To Sales. 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 China Steel's earnings, one of the primary drivers of an investment's value.China Cash Per Share vs. Price To Sales
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
China Steel |
| = | 0.94 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
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.
China Steel |
| = | 2.05 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.
China Cash Per Share Comparison
China Steel is currently under evaluation in cash per share category among its peers.
China Steel Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in China Steel, profitability is also one of the essential criteria for including it into their portfolios because, without profit, China Steel will eventually generate negative long term returns. The profitability progress is the general direction of China Steel's change in net profit over the period of time. It can combine multiple indicators of China Steel, 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.
China Steel Corporation manufactures and sells steel products primarily in Taiwan, Vietnam, Malaysia, China, India, and internationally. The company was founded in 1971 and is headquartered in Kaohsiung, Taiwan. CHINA STEEL operates under Steel classification in Taiwan and is traded on Taiwan Stock Exchange. It employs 28782 people.
China Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on China 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 China 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 China Steel's important profitability drivers and their relationship over time.
Use China 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 China 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 China Steel will appreciate offsetting losses from the drop in the long position's value.China Steel Pair Trading
China Steel Corp Pair Trading Analysis
The ability to find closely correlated positions to China 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 China 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 China 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 China Steel Corp to buy it.
The correlation of China 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 China Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Steel Corp 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 China 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 China Steel position
In addition to having China 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 Medical Equipment Thematic Idea Now
Medical Equipment
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Medical Equipment 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 Medical Equipment Theme or any other thematic opportunities.
| View All Next | Launch |
Additional Tools for China Stock Analysis
When running China Steel's price analysis, check to measure China Steel'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 China Steel is operating at the current time. Most of China Steel's value examination focuses on studying past and present price action to predict the probability of China Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Steel's price. Additionally, you may evaluate how the addition of China Steel to your portfolios can decrease your overall portfolio volatility.