National HealthCare Return On Equity vs. Net Income
| NHC Stock | USD 125.20 0.73 0.59% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter 0.0735052 | Current Value 0.0698 | Quarterly Volatility 0.05939403 |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.57 | 0.376 |
|
| |||||
| Net Profit Margin | 0.0478 | 0.0585 |
|
| |||||
| Operating Profit Margin | 0.0908 | 0.05 |
|
| |||||
| Pretax Profit Margin | 0.0648 | 0.0777 |
|
| |||||
| Return On Assets | 0.0628 | 0.051 |
|
| |||||
| Return On Equity | 0.0698 | 0.0735 |
|
|
For National HealthCare profitability analysis, we use financial ratios and fundamental drivers that measure the ability of National HealthCare to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well National HealthCare utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between National HealthCare's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of National HealthCare over time as well as its relative position and ranking within its peers.
National |
National HealthCare's Revenue Breakdown by Earning Segment
Check out Correlation Analysis.
Is Health Care Providers & Services 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 National HealthCare. If investors know National 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 National HealthCare 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 3.021 | Dividend Share 2.4 | Earnings Share 7.99 | Revenue Per Share 79.613 | Quarterly Revenue Growth 0.179 |
The market value of National HealthCare is measured differently than its book value, which is the value of National that is recorded on the company's balance sheet. Investors also form their own opinion of National HealthCare's value that differs from its market value or its book value, called intrinsic value, which is National HealthCare'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 National HealthCare's market value can be influenced by many factors that don't directly affect National HealthCare'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 National HealthCare's value and its price as these two are different measures arrived at by different means. Investors typically determine if National HealthCare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, National HealthCare'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.
National HealthCare Net Income vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining National HealthCare's current stock value. Our valuation model uses many indicators to compare National HealthCare value to that of its competitors to determine the firm's financial worth. National HealthCare is regarded third in return on equity category among its peers. It also is regarded third in net income category among its peers making up about 504,516,616 of Net Income per Return On Equity. At present, National HealthCare's Return On Equity is projected to slightly decrease based on the last few years of reporting. 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 National HealthCare's earnings, one of the primary drivers of an investment's value.National Net Income vs. Return On Equity
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
National HealthCare |
| = | 0.13 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
National HealthCare |
| = | 66.8 M |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
National Net Income Comparison
National HealthCare is currently under evaluation in net income category among its peers.
National HealthCare Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in National HealthCare, profitability is also one of the essential criteria for including it into their portfolios because, without profit, National HealthCare will eventually generate negative long term returns. The profitability progress is the general direction of National HealthCare's change in net profit over the period of time. It can combine multiple indicators of National HealthCare, 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 | -6.6 M | -6.3 M | |
| Operating Income | 57.1 M | 53.7 M | |
| Net Income | 66.8 M | 42.9 M | |
| Income Tax Expense | 23.4 M | 19.2 M | |
| Income Before Tax | 88.7 M | 67.4 M | |
| Total Other Income Expense Net | 31.6 M | 16.4 M | |
| Net Income Applicable To Common Shares | 25.8 M | 47.1 M | |
| Net Income From Continuing Ops | 65.3 M | 69.9 M | |
| Non Operating Income Net Other | 12.8 M | 12.2 M | |
| Interest Income | 8.4 M | 6.1 M | |
| Net Interest Income | 8.1 M | 4.2 M | |
| Change To Netincome | 7.7 M | 8.1 M | |
| Net Income Per Share | 4.36 | 2.45 | |
| Income Quality | 1.66 | 1.28 | |
| Net Income Per E B T | 0.75 | 0.54 |
National Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on National HealthCare. 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 National HealthCare 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 National HealthCare's important profitability drivers and their relationship over time.
Use National HealthCare 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 National HealthCare 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 National HealthCare will appreciate offsetting losses from the drop in the long position's value.National HealthCare Pair Trading
National HealthCare Pair Trading Analysis
The ability to find closely correlated positions to National HealthCare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace National HealthCare 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 National HealthCare - 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 National HealthCare to buy it.
The correlation of National HealthCare 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 National HealthCare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if National HealthCare 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 National HealthCare 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 National HealthCare position
In addition to having National HealthCare 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 Large & Mid Caps ETFs Thematic Idea Now
Large & Mid Caps ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Large & Mid Caps ETFs theme has 41 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 Large & Mid Caps ETFs Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Correlation Analysis. For information on how to trade National Stock refer to our How to Trade National Stock guide.You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
To fully project National HealthCare's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of National HealthCare 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 National HealthCare's income statement, its balance sheet, and the statement of cash flows.