Empire State Current Valuation vs. Cash And Equivalents

ESBA Stock  USD 11.06  0.08  0.72%   
Based on the measurements of profitability obtained from Empire State's financial statements, Empire State Realty is performing exceptionally good at this time. It has a great probability to showcase excellent profitability results in January. Profitability indicators assess Empire State's ability to earn profits and add value for shareholders. At present, Empire State's Price To Sales Ratio is projected to slightly decrease based on the last few years of reporting. The current year's EV To Sales is expected to grow to 6.88, whereas Days Sales Outstanding is forecasted to decline to 83.16. At present, Empire State's Accumulated Other Comprehensive Income is projected to increase significantly based on the last few years of reporting. The current year's Net Income is expected to grow to about 55.4 M, whereas Operating Income is forecasted to decline to about 133.5 M.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.640.5416
Fairly Up
Slightly volatile
Operating Profit Margin0.280.1984
Significantly Up
Slightly volatile
For Empire State profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Empire State to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Empire State Realty utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Empire State's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Empire State Realty over time as well as its relative position and ranking within its peers.
  

Empire State's Revenue Breakdown by Earning Segment

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Is Diversified REITs space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Empire State. If investors know Empire will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Empire State listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.143
Dividend Share
0.14
Earnings Share
0.27
Revenue Per Share
3.092
Quarterly Revenue Growth
0.017
The market value of Empire State Realty is measured differently than its book value, which is the value of Empire that is recorded on the company's balance sheet. Investors also form their own opinion of Empire State's value that differs from its market value or its book value, called intrinsic value, which is Empire State's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Empire State's market value can be influenced by many factors that don't directly affect Empire State's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Empire State's value and its price as these two are different measures arrived at by different means. Investors typically determine if Empire State is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Empire State'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.

Empire State Realty Cash And Equivalents vs. Current Valuation Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Empire State's current stock value. Our valuation model uses many indicators to compare Empire State value to that of its competitors to determine the firm's financial worth.
Empire State Realty is rated below average in current valuation category among its peers. It is rated # 3 in cash and equivalents category among its peers creating about  0.07  of Cash And Equivalents per Current Valuation. The ratio of Current Valuation to Cash And Equivalents for Empire State Realty is roughly  13.83 . 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 Empire State's earnings, one of the primary drivers of an investment's value.

Empire Current Valuation vs. Competition

Empire State Realty is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Real Estate industry is currently estimated at about 67.94 Billion. Empire State holds roughly 5.03 Billion in current valuation claiming about 7% of equities listed under Real Estate industry.

Empire Cash And Equivalents 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.

Empire State

Enterprise Value

 = 

Market Cap + Debt

-

Cash

 = 
5.03 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.
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.

Empire State

Cash

 = 

Bank Deposits

+

Liquidities

 = 
363.51 M
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).

Empire Cash And Equivalents Comparison

Empire State is currently under evaluation in cash and equivalents category among its peers.

Empire State Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Empire State, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Empire State will eventually generate negative long term returns. The profitability progress is the general direction of Empire State's change in net profit over the period of time. It can combine multiple indicators of Empire State, 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 ReportedProjected for Next Year
Accumulated Other Comprehensive IncomeM6.3 M
Operating Income146.7 M133.5 M
Income Before Tax87.1 M56 M
Total Other Income Expense Net-59.6 M-56.6 M
Net Income53.2 M55.4 M
Income Tax Expense2.7 M2.6 M
Net Income Applicable To Common Shares53.3 M47 M
Net Income From Continuing Ops84.4 M51.2 M
Non Operating Income Net Other441 K418.9 K
Net Interest Income-86.3 M-90.7 M
Interest Income15.1 M8.3 M
Change To Netincome-32.2 M-30.6 M
Net Income Per Share 0.33  0.44 
Income Quality 4.37  4.58 
Net Income Per E B T 0.61  0.89 

Empire Profitability Driver Comparison

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

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

Empire State Pair Trading

Empire State Realty Pair Trading Analysis

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

In addition to having Empire State 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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Trading
Trading Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Trading 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 Trading Theme or any other thematic opportunities.
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When determining whether Empire State Realty 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 Empire 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 Empire State Realty Stock. Highlighted below are key reports to facilitate an investment decision about Empire State Realty Stock:
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You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
To fully project Empire State's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Empire State Realty 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 Empire State's income statement, its balance sheet, and the statement of cash flows.
Potential Empire State investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Empire State investors may work on each financial statement separately, they are all related. The changes in Empire State's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Empire State'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.