Onyx Healthcare Book Value Per Share vs. EBITDA
| 6569 Stock | TWD 149.50 5.00 3.24% |
For Onyx Healthcare profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Onyx Healthcare to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Onyx Healthcare utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Onyx Healthcare's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Onyx Healthcare over time as well as its relative position and ranking within its peers.
Onyx |
Onyx Healthcare EBITDA vs. Book Value Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Onyx Healthcare's current stock value. Our valuation model uses many indicators to compare Onyx Healthcare value to that of its competitors to determine the firm's financial worth. Onyx Healthcare is number one stock in book value per share category among its peers. It also is number one stock in ebitda category among its peers totaling about 3,213,047 of EBITDA per Book Value Per Share. 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 Onyx Healthcare's earnings, one of the primary drivers of an investment's value.Onyx EBITDA vs. Book Value Per Share
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
Onyx Healthcare |
| = | 38.63 X |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
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.
Onyx Healthcare |
| = | 124.12 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.
Onyx Healthcare Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Onyx Healthcare, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Onyx Healthcare will eventually generate negative long term returns. The profitability progress is the general direction of Onyx Healthcare's change in net profit over the period of time. It can combine multiple indicators of Onyx Healthcare, 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.
Onyx Healthcare Inc., a professional medical IT company, provides medical PC solutions for the hospitalclinical IT market worldwide. The company was founded in 2010 and is headquartered in New Taipei City, Taiwan. ONYX HEALTHCARE operates under Health Information Services classification in Taiwan and is traded on Taiwan OTC Exchange.
Onyx Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Onyx Healthcare. 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 Onyx Healthcare 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 Onyx Healthcare's important profitability drivers and their relationship over time.
Use Onyx Healthcare 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 Onyx Healthcare 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 Onyx Healthcare will appreciate offsetting losses from the drop in the long position's value.Onyx Healthcare Pair Trading
Onyx Healthcare Pair Trading Analysis
The ability to find closely correlated positions to Onyx Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Onyx Healthcare 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 Onyx Healthcare - 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 Onyx Healthcare to buy it.
The correlation of Onyx Healthcare 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 Onyx Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Onyx Healthcare 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 Onyx Healthcare 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 Onyx Healthcare position
In addition to having Onyx Healthcare 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 Onyx Stock Analysis
When running Onyx Healthcare's price analysis, check to measure Onyx Healthcare'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 Onyx Healthcare is operating at the current time. Most of Onyx Healthcare's value examination focuses on studying past and present price action to predict the probability of Onyx Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Onyx Healthcare's price. Additionally, you may evaluate how the addition of Onyx Healthcare to your portfolios can decrease your overall portfolio volatility.