Allgens Medical Price To Book vs. Net Income
| 688613 Stock | 19.68 0.14 0.72% |
For Allgens Medical profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Allgens Medical to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Allgens Medical Technology utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Allgens Medical's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Allgens Medical Technology over time as well as its relative position and ranking within its peers.
Allgens |
Allgens Medical Tech Net Income vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Allgens Medical's current stock value. Our valuation model uses many indicators to compare Allgens Medical value to that of its competitors to determine the firm's financial worth. Allgens Medical Technology is number one stock in price to book category among its peers. It also is number one stock in net income category among its peers making up about 29,109,952 of Net Income per Price To Book. At present, Allgens Medical's Net Income is projected to increase significantly based on the last few years of reporting. Comparative valuation analysis is a catch-all model that can be used if you cannot value Allgens Medical by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Allgens Medical's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Allgens Net Income 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.
Allgens Medical |
| = | 1.86 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.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Allgens Medical |
| = | 54.23 M |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Allgens Net Income Comparison
Allgens Medical is currently under evaluation in net income category among its peers.
Allgens Medical Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Allgens Medical, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Allgens Medical will eventually generate negative long term returns. The profitability progress is the general direction of Allgens Medical's change in net profit over the period of time. It can combine multiple indicators of Allgens Medical, 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.
| Last Reported | Projected for Next Year | ||
| Operating Income | 32.9 M | 31.2 M | |
| Income Before Tax | 49.1 M | 81 M | |
| Net Income | 54.2 M | 73.3 M | |
| Income Tax Expense | 5.2 M | 10 M | |
| Total Other Income Expense Net | -103.3 K | -108.5 K | |
| Net Interest Income | 116.8 K | 111 K | |
| Interest Income | 3.3 M | 3 M | |
| Net Income From Continuing Ops | 53 M | 66.2 M |
Allgens Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Allgens Medical. 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 Allgens Medical 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 Allgens Medical's important profitability drivers and their relationship over time.
Use Allgens Medical 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 Allgens Medical 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 Allgens Medical will appreciate offsetting losses from the drop in the long position's value.Allgens Medical Pair Trading
Allgens Medical Technology Pair Trading Analysis
The ability to find closely correlated positions to Allgens Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allgens Medical 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 Allgens Medical - 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 Allgens Medical Technology to buy it.
The correlation of Allgens Medical 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 Allgens Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allgens Medical Tech 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 Allgens Medical 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 Allgens Medical position
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Other Information on Investing in Allgens Stock
To fully project Allgens Medical's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Allgens Medical Tech 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 Allgens Medical's income statement, its balance sheet, and the statement of cash flows.