International Game Current Valuation vs. Price To Book
| 7IG Stock | EUR 18.00 0.50 2.70% |
For International Game profitability analysis, we use financial ratios and fundamental drivers that measure the ability of International Game to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well International Game Technology utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between International Game's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of International Game Technology over time as well as its relative position and ranking within its peers.
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International Game Price To Book vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining International Game's current stock value. Our valuation model uses many indicators to compare International Game value to that of its competitors to determine the firm's financial worth. International Game Technology is rated below average in current valuation category among its peers. It is rated below average in price to book category among its peers . The ratio of Current Valuation to Price To Book for International Game Technology is about 3,252,329,938 . 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 International Game's earnings, one of the primary drivers of an investment's value.International Current Valuation vs. Competition
International Game Technology is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Gambling industry is presently estimated at about 52.87 Billion. International Game retains roughly 9.81 Billion in current valuation claiming about 19% of equities under Gambling industry.
International Price To Book vs. Current Valuation
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.
International Game |
| = | 9.81 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.
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.
International Game |
| = | 3.02 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.
International Price To Book Comparison
International Game is rated below average in price to book category among its peers.
International Game Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in International Game, profitability is also one of the essential criteria for including it into their portfolios because, without profit, International Game will eventually generate negative long term returns. The profitability progress is the general direction of International Game's change in net profit over the period of time. It can combine multiple indicators of International Game, 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.
International Game Technology PLC operates and provides technology products and services across lotteries, electronic gaming machines, sports betting, and interactive gaming markets worldwide. The company was incorporated in 2014 and is headquartered in London, the United Kingdom. INTL GAME operates under Gambling classification in Germany and is traded on Frankfurt Stock Exchange. It employs 12000 people.
International Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on International Game. 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 International Game 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 International Game's important profitability drivers and their relationship over time.
Use International Game 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 International Game 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 International Game will appreciate offsetting losses from the drop in the long position's value.International Game Pair Trading
International Game Technology Pair Trading Analysis
The ability to find closely correlated positions to International Game could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace International Game 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 International Game - 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 International Game Technology to buy it.
The correlation of International Game 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 International Game moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if International Game 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 International Game 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 International Game position
In addition to having International Game 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 Wholesale Thematic Idea Now
Wholesale
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Wholesale 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 Wholesale Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in International Stock
When determining whether International Game is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if International Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about International Game Technology Stock. Highlighted below are key reports to facilitate an investment decision about International Game Technology Stock:Check out Trending Equities. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
To fully project International Game's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of International Game 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 International Game's income statement, its balance sheet, and the statement of cash flows.