Grendene Gross Profit vs. Cash Per Share
| GRND3 Stock | BRL 5.28 0.17 3.12% |
For Grendene profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Grendene to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Grendene SA utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Grendene's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Grendene SA over time as well as its relative position and ranking within its peers.
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Grendene SA Cash Per Share vs. Gross Profit Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Grendene's current stock value. Our valuation model uses many indicators to compare Grendene value to that of its competitors to determine the firm's financial worth. Grendene SA is rated # 3 in gross profit category among its peers. It also is rated # 3 in cash per share category among its peers . The ratio of Gross Profit to Cash Per Share for Grendene SA is about 483,599,531 . 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 Grendene's earnings, one of the primary drivers of an investment's value.Grendene Cash Per Share vs. Gross Profit
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
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| = | 1.03 B |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
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.
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| = | 2.13 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.
Grendene Cash Per Share Comparison
Grendene is rated # 2 in cash per share category among its peers.
Grendene Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Grendene, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Grendene will eventually generate negative long term returns. The profitability progress is the general direction of Grendene's change in net profit over the period of time. It can combine multiple indicators of Grendene, 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.
Grendene S.A. develops, manufactures, distributes, and sells footwear for men, women, and children primarily in Brazil. Grendene S.A. was founded in 1971 and is headquartered in Sobral, Brazil. GRENDENE operates under Footwear Accessories classification in Brazil and is traded on Sao Paolo Stock Exchange. It employs 20240 people.
Grendene Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Grendene. 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 Grendene 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 Grendene's important profitability drivers and their relationship over time.
Use Grendene 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 Grendene 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 Grendene will appreciate offsetting losses from the drop in the long position's value.Grendene Pair Trading
Grendene SA Pair Trading Analysis
The ability to find closely correlated positions to Grendene could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grendene 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 Grendene - 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 Grendene SA to buy it.
The correlation of Grendene 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 Grendene moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grendene 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 Grendene 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 Grendene position
In addition to having Grendene 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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Additional Tools for Grendene Stock Analysis
When running Grendene's price analysis, check to measure Grendene's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Grendene is operating at the current time. Most of Grendene's value examination focuses on studying past and present price action to predict the probability of Grendene's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grendene's price. Additionally, you may evaluate how the addition of Grendene to your portfolios can decrease your overall portfolio volatility.