Tsingtao Brewery Return On Asset vs. Price To Earning
| TSGTF Stock | USD 6.38 0.46 6.73% |
For Tsingtao Brewery profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Tsingtao Brewery to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Tsingtao Brewery utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Tsingtao Brewery's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Tsingtao Brewery over time as well as its relative position and ranking within its peers.
Tsingtao |
Tsingtao Brewery Price To Earning vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Tsingtao Brewery's current stock value. Our valuation model uses many indicators to compare Tsingtao Brewery value to that of its competitors to determine the firm's financial worth. Tsingtao Brewery is rated below average in return on asset category among its peers. It is rated fourth in price to earning category among its peers reporting about 697.55 of Price To Earning per Return On Asset. 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 Tsingtao Brewery's earnings, one of the primary drivers of an investment's value.Tsingtao Price To Earning vs. Return On Asset
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.
Tsingtao Brewery |
| = | 0.0408 |
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.
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.
Tsingtao Brewery |
| = | 28.46 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.
Tsingtao Price To Earning Comparison
Tsingtao Brewery is currently under evaluation in price to earning category among its peers.
Tsingtao Brewery Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Tsingtao Brewery, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Tsingtao Brewery will eventually generate negative long term returns. The profitability progress is the general direction of Tsingtao Brewery's change in net profit over the period of time. It can combine multiple indicators of Tsingtao Brewery, 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.
Tsingtao Brewery Company Limited, together with its subsidiaries, engages in the production, distribution, wholesale, and retail sale of beer products worldwide. The company was founded in 1903 and is headquartered in Qingdao, the Peoples Republic of China. Tsingtao Brewery operates under BeveragesBrewers classification in the United States and is traded on OTC Exchange. It employs 32947 people.
Tsingtao Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Tsingtao Brewery. 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 Tsingtao Brewery 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 Tsingtao Brewery's important profitability drivers and their relationship over time.
Use Tsingtao Brewery 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 Tsingtao Brewery 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 Tsingtao Brewery will appreciate offsetting losses from the drop in the long position's value.Tsingtao Brewery Pair Trading
Tsingtao Brewery Pair Trading Analysis
The ability to find closely correlated positions to Tsingtao Brewery could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tsingtao Brewery 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 Tsingtao Brewery - 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 Tsingtao Brewery to buy it.
The correlation of Tsingtao Brewery 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 Tsingtao Brewery moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tsingtao Brewery 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 Tsingtao Brewery 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 Tsingtao Brewery position
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Other Information on Investing in Tsingtao Pink Sheet
To fully project Tsingtao Brewery's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Tsingtao Brewery 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 Tsingtao Brewery's income statement, its balance sheet, and the statement of cash flows.