Tong Tai Price To Book vs. EBITDA
| 4526 Stock | TWD 31.60 0.05 0.16% |
For Tong Tai profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Tong Tai to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Tong Tai Machine Tool utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Tong Tai's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Tong Tai Machine Tool over time as well as its relative position and ranking within its peers.
Tong |
Tong Tai Machine EBITDA vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Tong Tai's current stock value. Our valuation model uses many indicators to compare Tong Tai value to that of its competitors to determine the firm's financial worth. Tong Tai Machine Tool is number one stock in price to book category among its peers. It also is number one stock in ebitda category among its peers totaling about 896,483,740 of EBITDA 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 Tong Tai's earnings, one of the primary drivers of an investment's value.Tong EBITDA 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.
Tong Tai |
| = | 0.74 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.
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.
Tong Tai |
| = | 661.61 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.
Tong EBITDA Comparison
Tong Tai is currently under evaluation in ebitda category among its peers.
Tong Tai Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Tong Tai, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Tong Tai will eventually generate negative long term returns. The profitability progress is the general direction of Tong Tai's change in net profit over the period of time. It can combine multiple indicators of Tong Tai, 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.
Tongtai Machine Tool Co., Ltd. manufactures and sells machines worldwide. The company was founded in 1969 and is headquartered in Kaohsiung, Taiwan. TONG TAI operates under Diversified Industrials classification in Taiwan and is traded on Taiwan Stock Exchange.
Tong Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Tong Tai. 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 Tong Tai 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 Tong Tai's important profitability drivers and their relationship over time.
Use Tong Tai 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 Tong Tai 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 Tong Tai will appreciate offsetting losses from the drop in the long position's value.Tong Tai Pair Trading
Tong Tai Machine Tool Pair Trading Analysis
The ability to find closely correlated positions to Tong Tai could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tong Tai 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 Tong Tai - 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 Tong Tai Machine Tool to buy it.
The correlation of Tong Tai 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 Tong Tai moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tong Tai Machine 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 Tong Tai 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 Tong Tai position
In addition to having Tong Tai 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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Heavy Metals
Companies involved in mining, production, and distribution of various industrial metals and minerals. The Heavy Metals theme has 37 constituents at this time.
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Additional Tools for Tong Stock Analysis
When running Tong Tai's price analysis, check to measure Tong Tai'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 Tong Tai is operating at the current time. Most of Tong Tai's value examination focuses on studying past and present price action to predict the probability of Tong Tai's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tong Tai's price. Additionally, you may evaluate how the addition of Tong Tai to your portfolios can decrease your overall portfolio volatility.