Mullen Price To Earning vs. Cash And Equivalents
| MTL Stock | CAD 15.46 0.29 1.84% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.3 | 0.2376 |
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| Operating Profit Margin | 0.15 | 0.1704 |
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For Mullen profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Mullen to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Mullen Group utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Mullen's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Mullen Group over time as well as its relative position and ranking within its peers.
Mullen |
Mullen Group Cash And Equivalents vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Mullen's current stock value. Our valuation model uses many indicators to compare Mullen value to that of its competitors to determine the firm's financial worth. Mullen Group is considered to be number one stock in price to earning category among its peers. It also is considered to be number one stock in cash and equivalents category among its peers creating about 581,088 of Cash And Equivalents per Price To Earning. At this time, Mullen's Cash And Equivalents is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Mullen by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Mullen's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Mullen Cash And Equivalents vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Mullen |
| = | 15.07 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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.
Mullen |
| = | 8.76 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).
Mullen Cash And Equivalents Comparison
Mullen is currently under evaluation in cash and equivalents category among its peers.
Mullen Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Mullen, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Mullen will eventually generate negative long term returns. The profitability progress is the general direction of Mullen's change in net profit over the period of time. It can combine multiple indicators of Mullen, 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 | 11.4 M | 12 M | |
| Operating Income | 339.9 M | 356.9 M | |
| Income Before Tax | 183.1 M | 192.3 M | |
| Total Other Income Expense Net | -156.7 M | -148.9 M | |
| Net Income | 136.7 M | 143.6 M | |
| Income Tax Expense | 46.4 M | 24.3 M | |
| Net Income From Continuing Ops | 136.7 M | 82.9 M | |
| Net Income Applicable To Common Shares | 182.4 M | 191.5 M | |
| Net Interest Income | -37.1 M | -38.9 M | |
| Interest Income | 794 K | 1.2 M | |
| Change To Netincome | 18.6 M | 26.1 M | |
| Net Income Per Share | 1.52 | 1.60 | |
| Income Quality | 2.02 | 1.62 | |
| Net Income Per E B T | 0.75 | 0.60 |
Mullen Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Mullen. 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 Mullen 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 Mullen's important profitability drivers and their relationship over time.
Use Mullen 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 Mullen 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 Mullen will appreciate offsetting losses from the drop in the long position's value.Mullen Pair Trading
Mullen Group Pair Trading Analysis
The ability to find closely correlated positions to Mullen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mullen 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 Mullen - 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 Mullen Group to buy it.
The correlation of Mullen 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 Mullen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mullen Group 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 Mullen 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 Mullen position
In addition to having Mullen 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?
Run Candy and Soda Thematic Idea Now
Candy and Soda
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Candy and Soda theme has 13 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 Candy and Soda Theme or any other thematic opportunities.
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Other Information on Investing in Mullen Stock
To fully project Mullen's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Mullen Group 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 Mullen's income statement, its balance sheet, and the statement of cash flows.