Sunway Construction Z Score vs. Current Valuation
| 5263 Stock | 4.53 0.13 2.95% |
For Sunway Construction profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Sunway Construction to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Sunway Construction Group utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Sunway Construction's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Sunway Construction Group over time as well as its relative position and ranking within its peers.
Sunway |
Sunway Construction Current Valuation vs. Z Score Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Sunway Construction's current stock value. Our valuation model uses many indicators to compare Sunway Construction value to that of its competitors to determine the firm's financial worth. Sunway Construction Group is rated second in z score category among its peers. It also is rated second in current valuation category among its peers reporting about 228,011,828 of Current Valuation per Z Score. 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 Sunway Construction's earnings, one of the primary drivers of an investment's value.Sunway Current Valuation vs. Z Score
Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Sunway Construction |
| = | 7.8 |
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
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.
Sunway Construction |
| = | 1.78 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.
Sunway Current Valuation vs Competition
Sunway Construction Group is rated second in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Construction & Engineering industry is presently estimated at about 3.83 Billion. Sunway Construction totals roughly 1.78 Billion in current valuation claiming about 46% of stocks in Construction & Engineering industry.
Sunway Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Sunway Construction. 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 Sunway Construction 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 Sunway Construction's important profitability drivers and their relationship over time.
Use Sunway Construction 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 Sunway Construction 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 Sunway Construction will appreciate offsetting losses from the drop in the long position's value.Sunway Construction Pair Trading
Sunway Construction Group Pair Trading Analysis
The ability to find closely correlated positions to Sunway Construction could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sunway Construction 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 Sunway Construction - 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 Sunway Construction Group to buy it.
The correlation of Sunway Construction 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 Sunway Construction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sunway Construction 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 Sunway Construction 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 Sunway Construction position
In addition to having Sunway Construction 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 Large Value Funds Thematic Idea Now
Large Value Funds
Funds or Etfs that invest in the undervalued stocks of large-sized companies. The Large Value Funds theme has 46 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 Large Value Funds Theme or any other thematic opportunities.
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Other Information on Investing in Sunway Stock
To fully project Sunway Construction's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Sunway Construction 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 Sunway Construction's income statement, its balance sheet, and the statement of cash flows.