Spentex Industries Shares Outstanding vs. Book Value Per Share
| SPENTEX Stock | 280.00 0.00 0.00% |
For Spentex Industries profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Spentex Industries to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Spentex Industries Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Spentex Industries's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Spentex Industries Limited over time as well as its relative position and ranking within its peers.
Spentex |
Spentex Industries Book Value Per Share vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Spentex Industries's current stock value. Our valuation model uses many indicators to compare Spentex Industries value to that of its competitors to determine the firm's financial worth. Spentex Industries Limited is currently regarded as top stock in shares outstanding category among its peers. It also is currently regarded as top stock in book value per share category among its peers . The ratio of Shares Outstanding to Book Value Per Share for Spentex Industries Limited is about 126,279 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Spentex Industries by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Spentex Industries' 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.Spentex Book Value Per Share vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Spentex Industries |
| = | 996.47 K |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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.
Spentex Industries |
| = | 7.89 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.
Spentex Book Value Per Share Comparison
Spentex Industries is currently under evaluation in book value per share category among its peers.
Spentex Industries Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Spentex Industries, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Spentex Industries will eventually generate negative long term returns. The profitability progress is the general direction of Spentex Industries' change in net profit over the period of time. It can combine multiple indicators of Spentex Industries, 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 | 7.3 B | 7.7 B | |
| Operating Income | -373.6 M | -354.9 M | |
| Income Before Tax | -331.7 M | -348.3 M | |
| Total Other Income Expense Net | 41.9 M | 44 M | |
| Net Loss | -342.8 M | -359.9 M | |
| Income Tax Expense | 11.1 M | 10.5 M | |
| Interest Income | 56.7 K | 53.9 K | |
| Net Loss | -125.9 M | -132.2 M | |
| Net Loss | -327.4 M | -343.7 M | |
| Net Interest Income | 66.7 K | 70 K | |
| Change To Netincome | 146.3 M | 139 M |
Spentex Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Spentex Industries. 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 Spentex Industries 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 Spentex Industries' important profitability drivers and their relationship over time.
Use Spentex Industries 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 Spentex Industries 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 Spentex Industries will appreciate offsetting losses from the drop in the long position's value.Spentex Industries Pair Trading
Spentex Industries Limited Pair Trading Analysis
The ability to find closely correlated positions to Spentex Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spentex Industries 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 Spentex Industries - 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 Spentex Industries Limited to buy it.
The correlation of Spentex Industries 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 Spentex Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spentex Industries 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 Spentex Industries 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 Spentex Industries position
In addition to having Spentex Industries 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 Utilities Thematic Idea Now
Utilities
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Utilities theme has 61 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 Utilities Theme or any other thematic opportunities.
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Additional Tools for Spentex Stock Analysis
When running Spentex Industries' price analysis, check to measure Spentex Industries' 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 Spentex Industries is operating at the current time. Most of Spentex Industries' value examination focuses on studying past and present price action to predict the probability of Spentex Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spentex Industries' price. Additionally, you may evaluate how the addition of Spentex Industries to your portfolios can decrease your overall portfolio volatility.