Solstad Offshore Current Valuation vs. Return On Asset

SLOFF Stock  USD 3.09  0.00  0.00%   
Based on the measurements of profitability obtained from Solstad Offshore's financial statements, Solstad Offshore ASA may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Solstad Offshore's ability to earn profits and add value for shareholders.
For Solstad Offshore profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Solstad Offshore to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Solstad Offshore ASA utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Solstad Offshore's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Solstad Offshore ASA 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 Solstad Offshore's value and its price as these two are different measures arrived at by different means. Investors typically determine if Solstad Offshore is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Solstad Offshore'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.

Solstad Offshore ASA Return On Asset vs. Current Valuation Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Solstad Offshore's current stock value. Our valuation model uses many indicators to compare Solstad Offshore value to that of its competitors to determine the firm's financial worth.
Solstad Offshore ASA is rated second in current valuation category among its peers. It is rated third in return on asset category among its peers . The ratio of Current Valuation to Return On Asset for Solstad Offshore ASA is about  209,526,533,805 . 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 Solstad Offshore's earnings, one of the primary drivers of an investment's value.

Solstad Current Valuation vs. Competition

Solstad Offshore ASA is rated second in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Marine Shipping industry is at this time estimated at about 1.83 Billion. Solstad Offshore totals roughly 2.37 Billion in current valuation claiming about 129% of all equities under Marine Shipping industry.

Solstad Return On Asset vs. Current Valuation

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.

Solstad Offshore

Enterprise Value

 = 

Market Cap + Debt

-

Cash

 = 
2.37 B
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.
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.

Solstad Offshore

Return On Asset

 = 

Net Income

Total Assets

 = 
0.0113
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.

Solstad Return On Asset Comparison

Solstad Offshore is currently under evaluation in return on asset category among its peers.

Solstad Offshore Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Solstad Offshore, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Solstad Offshore will eventually generate negative long term returns. The profitability progress is the general direction of Solstad Offshore's change in net profit over the period of time. It can combine multiple indicators of Solstad Offshore, 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.
Solstad Offshore ASA operates offshore service and construction vessels for offshore and renewable energy industry worldwide. The company was founded in 1964 and is headquartered in Skudeneshavn, Norway. Solstad Farstad is traded on OTC Exchange in the United States.

Solstad Profitability Driver Comparison

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

Use Solstad Offshore 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 Solstad Offshore 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 Solstad Offshore will appreciate offsetting losses from the drop in the long position's value.

Solstad Offshore Pair Trading

Solstad Offshore ASA Pair Trading Analysis

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

In addition to having Solstad Offshore 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 Conservative Funds Thematic Idea Now

Conservative Funds
Conservative Funds Theme
Funds or Etfs that invest using buy-and-hold investment strategy in companies with consistent growth over many years of operation. The Conservative Funds theme has 37 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 Conservative Funds Theme or any other thematic opportunities.
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Other Information on Investing in Solstad Pink Sheet

To fully project Solstad Offshore's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Solstad Offshore ASA 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 Solstad Offshore's income statement, its balance sheet, and the statement of cash flows.
Potential Solstad Offshore investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Solstad Offshore investors may work on each financial statement separately, they are all related. The changes in Solstad Offshore's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Solstad Offshore's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.