Elgi Rubber Earnings Per Share vs. Total Debt
| ELGIRUBCO | 125.44 3.73 2.89% |
For Elgi Rubber profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Elgi Rubber to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Elgi Rubber utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Elgi Rubber's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Elgi Rubber over time as well as its relative position and ranking within its peers.
Elgi |
Elgi Rubber Total Debt vs. Earnings Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Elgi Rubber's current stock value. Our valuation model uses many indicators to compare Elgi Rubber value to that of its competitors to determine the firm's financial worth. Elgi Rubber is one of the top stocks in earnings per share category among its peers. It also is rated as one of the top companies in total debt category among its peers making up about 1,222,848,606 of Total Debt per Earnings Per Share. Comparative valuation analysis is a catch-all model that can be used if you cannot value Elgi Rubber by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Elgi Rubber'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.Elgi Total Debt vs. Earnings Per Share
Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
Elgi Rubber |
| = | 2.51 X |
Earnings per Share is one of the most critical measures of the firm's current share price and is used by investors to determine the overall company profitability, especially when compared to the EPS of similar companies.
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Elgi Rubber |
| = | 3.07 B |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
Elgi Total Debt vs Competition
Elgi Rubber is rated as one of the top companies in total debt category among its peers. Total debt of Consumer Discretionary industry is currently estimated at about 48.62 Billion. Elgi Rubber holds roughly 3.07 Billion in total debt claiming about 6% of stocks in Consumer Discretionary industry.
Elgi Rubber Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Elgi Rubber, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Elgi Rubber will eventually generate negative long term returns. The profitability progress is the general direction of Elgi Rubber's change in net profit over the period of time. It can combine multiple indicators of Elgi Rubber, 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 | ||
| Accumulated Other Comprehensive Income | 1.8 B | 1.9 B | |
| Operating Income | 1.3 B | 1.4 B | |
| Income Before Tax | 137.1 M | 144 M | |
| Total Other Income Expense Net | -1.2 B | -1.2 B | |
| Net Income | 116.6 M | 122.4 M | |
| Income Tax Expense | 20.5 M | 33.2 M | |
| Net Income From Continuing Ops | 116.6 M | 122.4 M | |
| Net Income Applicable To Common Shares | 77.6 M | 81.5 M | |
| Interest Income | 267.6 M | 156.3 M | |
| Net Interest Income | -254.4 M | -267.1 M | |
| Change To Netincome | 15 M | 14.3 M |
Elgi Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Elgi Rubber. 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 Elgi Rubber 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 Elgi Rubber's important profitability drivers and their relationship over time.
Use Elgi Rubber 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 Elgi Rubber 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 Elgi Rubber will appreciate offsetting losses from the drop in the long position's value.Elgi Rubber Pair Trading
Elgi Rubber Pair Trading Analysis
The ability to find closely correlated positions to Elgi Rubber could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elgi Rubber 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 Elgi Rubber - 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 Elgi Rubber to buy it.
The correlation of Elgi Rubber 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 Elgi Rubber moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elgi Rubber 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 Elgi Rubber 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 Elgi Rubber position
In addition to having Elgi Rubber 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 ISP Thematic Idea Now
ISP
Internet Service Providers (ISP) companies and IT providers specializing in internet technologies. The ISP theme has 39 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 ISP Theme or any other thematic opportunities.
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Other Information on Investing in Elgi Stock
To fully project Elgi Rubber's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Elgi Rubber 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 Elgi Rubber's income statement, its balance sheet, and the statement of cash flows.