Dayforce Current Valuation vs. Revenue

DAY Stock   107.52  1.02  0.96%   
Based on the measurements of profitability obtained from Dayforce's financial statements, Dayforce may not be well positioned to generate adequate gross income at this time. It has a very high risk of underperforming in January. Profitability indicators assess Dayforce's ability to earn profits and add value for shareholders.
For Dayforce profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Dayforce to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Dayforce utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Dayforce's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Dayforce over time as well as its relative position and ranking within its peers.
  
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To learn how to invest in Dayforce Stock, please use our How to Invest in Dayforce guide.
Please note, there is a significant difference between Dayforce's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dayforce is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dayforce's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Dayforce Revenue vs. Current Valuation Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Dayforce's current stock value. Our valuation model uses many indicators to compare Dayforce value to that of its competitors to determine the firm's financial worth.
Dayforce is rated as one of the top companies in current valuation category among its peers. It also is rated as one of the top companies in revenue category among its peers totaling about  0.09  of Revenue per Current Valuation. The ratio of Current Valuation to Revenue for Dayforce is roughly  10.60 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Dayforce by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Dayforce'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.

Dayforce Current Valuation vs. Competition

Dayforce is rated as one of the top companies in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Software - Application industry is currently estimated at about 116.4 Billion. Dayforce retains roughly 17.95 Billion in current valuation claiming about 15% of equities listed under Software - Application industry.

Dayforce Revenue 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.

Dayforce

Enterprise Value

 = 

Market Cap + Debt

-

Cash

 = 
17.95 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.
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.

Dayforce

Revenue

 = 

Money Received

-

Discounts and Returns

 = 
1.69 B
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.

Dayforce Revenue vs Competition

Dayforce is rated as one of the top companies in revenue category among its peers. Market size based on revenue of Software - Application industry is currently estimated at about 10.11 Billion. Dayforce retains roughly 1.69 Billion in revenue claiming about 17% of equities listed under Software - Application industry.

Dayforce Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Dayforce, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Dayforce will eventually generate negative long term returns. The profitability progress is the general direction of Dayforce's change in net profit over the period of time. It can combine multiple indicators of Dayforce, 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.
Dayforce is entity of Canada. It is traded as Stock on TO exchange.

Dayforce Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Dayforce. 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 Dayforce 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 Dayforce's important profitability drivers and their relationship over time.

Use Dayforce 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 Dayforce 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 Dayforce will appreciate offsetting losses from the drop in the long position's value.

Dayforce Pair Trading

Dayforce Pair Trading Analysis

The ability to find closely correlated positions to Dayforce could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dayforce 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 Dayforce - 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 Dayforce to buy it.
The correlation of Dayforce 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 Dayforce moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dayforce 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 Dayforce 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Dayforce position

In addition to having Dayforce 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.

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Biotech
Biotech Theme
Companies specialized in biotechnology production and delivery of pharmaceuticals services. The Biotech theme has 44 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 Biotech Theme or any other thematic opportunities.
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When determining whether Dayforce offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Dayforce's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Dayforce Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Dayforce Stock:
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To learn how to invest in Dayforce Stock, please use our How to Invest in Dayforce guide.
You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
To fully project Dayforce's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Dayforce 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 Dayforce's income statement, its balance sheet, and the statement of cash flows.
Potential Dayforce investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Dayforce investors may work on each financial statement separately, they are all related. The changes in Dayforce's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Dayforce's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.