Eramet SA Cash And Equivalents vs. Cash Per Share

ERA Stock  EUR 48.98  0.18  0.37%   
Based on the key profitability measurements obtained from Eramet SA's financial statements, Eramet SA may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in January. Profitability indicators assess Eramet SA's ability to earn profits and add value for shareholders.
For Eramet SA profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Eramet SA to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Eramet SA utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Eramet SA's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Eramet SA over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Eramet SA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eramet SA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eramet SA'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.

Eramet SA Cash Per Share vs. Cash And Equivalents Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Eramet SA's current stock value. Our valuation model uses many indicators to compare Eramet SA value to that of its competitors to determine the firm's financial worth.
Eramet SA is one of the top stocks in cash and equivalents category among its peers. It also is one of the top stocks in cash per share category among its peers . The ratio of Cash And Equivalents to Cash Per Share for Eramet SA is about  26,714,404 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Eramet SA by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Eramet SA'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.

Eramet Cash Per Share vs. Cash And Equivalents

Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.

Eramet SA

Cash

 = 

Bank Deposits

+

Liquidities

 = 
1.94 B
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.

Eramet SA

Cash Per Share

 = 

Total Cash

Average Shares

 = 
72.62 X
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.

Eramet Cash Per Share Comparison

Eramet SA is currently under evaluation in cash per share category among its peers.

Eramet SA Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Eramet SA, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Eramet SA will eventually generate negative long term returns. The profitability progress is the general direction of Eramet SA's change in net profit over the period of time. It can combine multiple indicators of Eramet SA, 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.
ERAMET S.A. operates as a mining and metallurgical company worldwide. The company was incorporated in 1880 and is headquartered in Paris, France. ERAMET operates under Other Industrial Metals Mining classification in France and is traded on Paris Stock Exchange. It employs 13000 people.

Eramet Profitability Driver Comparison

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

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

Eramet SA Pair Trading

Eramet SA Pair Trading Analysis

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

In addition to having Eramet SA 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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Data Storage
Data Storage Theme
Companies making data storages or providing data storage services. The Data Storage theme has 41 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 Data Storage Theme or any other thematic opportunities.
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Other Information on Investing in Eramet Stock

To fully project Eramet SA's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Eramet SA 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 Eramet SA's income statement, its balance sheet, and the statement of cash flows.
Potential Eramet SA investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Eramet SA investors may work on each financial statement separately, they are all related. The changes in Eramet SA's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Eramet SA'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.