Earth Tech Price To Book vs. Current Valuation
| ETC Stock | THB 1.94 0.01 0.52% |
For Earth Tech profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Earth Tech to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Earth Tech Environment utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Earth Tech's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Earth Tech Environment over time as well as its relative position and ranking within its peers.
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Earth Tech Environment Current Valuation vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Earth Tech's current stock value. Our valuation model uses many indicators to compare Earth Tech value to that of its competitors to determine the firm's financial worth. Earth Tech Environment is one of the top stocks in price to book category among its peers. It also is rated as one of the top companies in current valuation category among its peers reporting about 2,901,719,421 of Current Valuation per Price To Book. 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 Earth Tech's earnings, one of the primary drivers of an investment's value.Earth Current Valuation vs. Price To Book
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.
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| = | 3.00 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.
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.
Earth Tech |
| = | 8.72 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.
Earth Current Valuation vs Competition
Earth Tech Environment 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 Utilities—Renewable industry is currently estimated at about 1.7 Trillion. Earth Tech maintains roughly 8.72 Billion in current valuation contributing less than 1% to Utilities—Renewable industry.
Earth Tech Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Earth Tech, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Earth Tech will eventually generate negative long term returns. The profitability progress is the general direction of Earth Tech's change in net profit over the period of time. It can combine multiple indicators of Earth Tech, 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.
Earth Tech Environment Public Company Limited generates and distributes electricity using industrial waste and processed community waste. The company was incorporated in 2004 and is based in Kaeng Khoi, Thailand. EARTH TECH is traded on Stock Exchange of Thailand in Thailand.
Earth Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Earth Tech. 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 Earth Tech 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 Earth Tech's important profitability drivers and their relationship over time.
Use Earth Tech 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 Earth Tech 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 Earth Tech will appreciate offsetting losses from the drop in the long position's value.Earth Tech Pair Trading
Earth Tech Environment Pair Trading Analysis
The ability to find closely correlated positions to Earth Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Earth Tech 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 Earth Tech - 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 Earth Tech Environment to buy it.
The correlation of Earth Tech 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 Earth Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Earth Tech Environment 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 Earth Tech 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 Earth Tech position
In addition to having Earth Tech 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?
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Other Information on Investing in Earth Stock
To fully project Earth Tech's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Earth Tech Environment 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 Earth Tech's income statement, its balance sheet, and the statement of cash flows.