Hitek Global Price To Book vs. Total Debt
| HKIT Stock | 1.42 0.02 1.39% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.4 | 0.421 |
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| Net Profit Margin | 0.2 | 0.2296 |
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| Operating Profit Margin | 0.021 | 0.0221 |
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| Pretax Profit Margin | 0.25 | 0.3494 |
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| Return On Assets | 0.0281 | 0.0296 |
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| Return On Equity | 0.0351 | 0.037 |
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For Hitek Global profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Hitek Global to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Hitek Global Ordinary utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Hitek Global's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Hitek Global Ordinary over time as well as its relative position and ranking within its peers.
Hitek |
Is Application Software 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 Hitek Global. If investors know Hitek 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 Hitek Global 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 (0.83) | Earnings Share 0.04 | Revenue Per Share 0.24 | Quarterly Revenue Growth (0.38) | Return On Assets (0.01) |
The market value of Hitek Global Ordinary is measured differently than its book value, which is the value of Hitek that is recorded on the company's balance sheet. Investors also form their own opinion of Hitek Global's value that differs from its market value or its book value, called intrinsic value, which is Hitek Global'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 Hitek Global's market value can be influenced by many factors that don't directly affect Hitek Global'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 Hitek Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hitek Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hitek Global'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.
Hitek Global Ordinary Total Debt vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Hitek Global's current stock value. Our valuation model uses many indicators to compare Hitek Global value to that of its competitors to determine the firm's financial worth. Hitek Global Ordinary 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 total debt category among its peers making up about 1,771,779 of Total Debt per Price To Book. Total Debt To Capitalization is likely to gain to 0.17 in 2024. Comparative valuation analysis is a catch-all technique that is used if you cannot value Hitek Global by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Hitek Total Debt 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.
Hitek Global |
| = | 1.47 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.
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.
Hitek Global |
| = | 2.61 M |
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.
Hitek Total Debt vs Competition
Hitek Global Ordinary is rated as one of the top companies in total debt category among its peers. Total debt of Information Technology industry is currently estimated at about 293.59 Million. Hitek Global maintains roughly 2.61 Million in total debt contributing less than 1% to equities under Information Technology industry.
Hitek Global Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Hitek Global, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Hitek Global will eventually generate negative long term returns. The profitability progress is the general direction of Hitek Global's change in net profit over the period of time. It can combine multiple indicators of Hitek Global, 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 | 226.8 K | 215.5 K | |
| Net Interest Income | 598 K | 627.9 K | |
| Operating Income | 101.1 K | 96 K | |
| Net Income From Continuing Ops | 1 M | 1.4 M | |
| Income Before Tax | 1.6 M | 1.8 M | |
| Total Other Income Expense Net | 1.5 M | 1.6 M | |
| Net Income Applicable To Common Shares | 1.5 M | 1.6 M | |
| Net Income | 1 M | 1.4 M | |
| Income Tax Expense | 546.9 K | 490.7 K | |
| Interest Income | 911.9 K | 538.2 K | |
| Change To Netincome | 91.5 K | 86.9 K | |
| Net Income Per Share | 0.08 | 0.09 | |
| Income Quality | (0.06) | (0.06) | |
| Net Income Per E B T | 0.66 | 0.87 |
Hitek Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Hitek Global. 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 Hitek Global 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 Hitek Global's important profitability drivers and their relationship over time.
Use Hitek Global 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 Hitek Global 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 Hitek Global will appreciate offsetting losses from the drop in the long position's value.Hitek Global Pair Trading
Hitek Global Ordinary Pair Trading Analysis
The ability to find closely correlated positions to Hitek Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hitek Global 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 Hitek Global - 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 Hitek Global Ordinary to buy it.
The correlation of Hitek Global 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 Hitek Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hitek Global Ordinary 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 Hitek Global 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 Hitek Global position
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Additional Tools for Hitek Stock Analysis
When running Hitek Global's price analysis, check to measure Hitek Global'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 Hitek Global is operating at the current time. Most of Hitek Global's value examination focuses on studying past and present price action to predict the probability of Hitek Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hitek Global's price. Additionally, you may evaluate how the addition of Hitek Global to your portfolios can decrease your overall portfolio volatility.