Sky Metals Total Debt vs. Current Valuation

SKY Stock   0.05  0  5.45%   
Based on Sky Metals' profitability indicators, Sky Metals may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in January. Profitability indicators assess Sky Metals' ability to earn profits and add value for shareholders.
For Sky Metals profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Sky Metals to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Sky Metals utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Sky Metals's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Sky Metals over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Sky Metals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sky Metals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sky Metals' 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.

Sky Metals Current Valuation vs. Total Debt Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Sky Metals's current stock value. Our valuation model uses many indicators to compare Sky Metals value to that of its competitors to determine the firm's financial worth.
JavaScript chart by amCharts 3.21.15ATMEVNNSTBSLSFRDEGSKY 05B10B15B20B 0500B1T1.5T2T2.5T3T
Sky Metals is rated below average in total debt category among its peers. It also is rated below average in current valuation category among its peers reporting about  25.38  of Current Valuation per Total Debt. 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 Sky Metals' earnings, one of the primary drivers of an investment's value.

Sky Total Debt vs. Competition

Sky Metals is rated below average in total debt category among its peers. Total debt of Materials industry is at this time estimated at about 3.02 Trillion. Sky Metals adds roughly 1.28 Million in total debt claiming only tiny portion of all equities under Materials industry.
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Total debt  Revenue  Valuation  Capitalization  Workforce

Sky Current Valuation vs. Total Debt

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.

Sky Metals

Total Debt

 = 

Bonds

+

Notes

 = 
1.28 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.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.

Sky Metals

Enterprise Value

 = 

Market Cap + Debt

-

Cash

 = 
32.37 M
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.

Sky Current Valuation vs Competition

Sky Metals is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is at this time estimated at about 50.56 Billion. Sky Metals adds roughly 32.37 Million in current valuation claiming only tiny portion of all equities under Materials industry.
JavaScript chart by amCharts 3.21.15OthersSFRBSLEVNNSTSKY

Sky Metals Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Sky Metals, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Sky Metals will eventually generate negative long term returns. The profitability progress is the general direction of Sky Metals' change in net profit over the period of time. It can combine multiple indicators of Sky Metals, 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 ReportedProjected for Next Year
Accumulated Other Comprehensive Income706.5 K741.8 K
Operating Income-2.1 M-2.2 M
Income Before Tax-2 M-2.1 M
Total Other Income Expense Net21 K22.1 K
Net Loss-2 M-2.1 M
Income Tax Expense(16.20)(15.39)
Interest Income80.5 K53.8 K
Net Loss-2 M-2.1 M
Net Loss-8.6 M-8.2 M
Net Interest Income43 K45.1 K
Change To Netincome282 K267.9 K

Sky Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Sky Metals. 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 Sky Metals 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 Sky Metals' important profitability drivers and their relationship over time.

Use Sky Metals 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 Sky Metals 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 Sky Metals will appreciate offsetting losses from the drop in the long position's value.

Sky Metals Pair Trading

Sky Metals Pair Trading Analysis

The ability to find closely correlated positions to Sky Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sky Metals 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 Sky Metals - 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 Sky Metals to buy it.
The correlation of Sky Metals 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 Sky Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sky Metals 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 Sky Metals 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Sky Metals position

In addition to having Sky Metals 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.

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Small Cap ETFs
Small Cap ETFs Theme
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Small Cap ETFs theme has 168 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 Small Cap ETFs Theme or any other thematic opportunities.
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Additional Tools for Sky Stock Analysis

When running Sky Metals' price analysis, check to measure Sky Metals' 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 Sky Metals is operating at the current time. Most of Sky Metals' value examination focuses on studying past and present price action to predict the probability of Sky Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sky Metals' price. Additionally, you may evaluate how the addition of Sky Metals to your portfolios can decrease your overall portfolio volatility.