Hitek Global Return On Asset vs. Book Value Per Share
| 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 Book Value Per Share vs. Return On Asset 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 rated below average in return on asset category among its peers. It is rated below average in book value per share category among its peers . At this time, Hitek Global's Book Value Per Share is comparatively stable compared to the past year. 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 Book Value Per Share vs. Return On Asset
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Hitek Global |
| = | -0.0127 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
Hitek Global |
| = | 1.96 X |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
Hitek Book Value Per Share Comparison
Hitek Global is currently under evaluation in book value per share category among its peers.
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
In addition to having Hitek Global 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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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 Defense Theme or any other thematic opportunities.
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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.