Eureka Design Gross Profit vs. Current Valuation
| UREKA Stock | THB 0.68 0.01 1.49% |
For Eureka Design profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Eureka Design to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Eureka Design Public utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Eureka Design's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Eureka Design Public over time as well as its relative position and ranking within its peers.
Eureka |
Eureka Design Public Current Valuation vs. Gross Profit Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Eureka Design's current stock value. Our valuation model uses many indicators to compare Eureka Design value to that of its competitors to determine the firm's financial worth. Eureka Design Public is rated fifth in gross profit category among its peers. It is rated third in current valuation category among its peers reporting about 51.28 of Current Valuation per Gross Profit. Comparative valuation analysis is a catch-all model that can be used if you cannot value Eureka Design by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Eureka Design's 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.Eureka Current Valuation vs. Gross Profit
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Eureka Design |
| = | 44.58 M |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
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.
Eureka Design |
| = | 2.29 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.
Eureka Design Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Eureka Design, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Eureka Design will eventually generate negative long term returns. The profitability progress is the general direction of Eureka Design's change in net profit over the period of time. It can combine multiple indicators of Eureka Design, 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.
Eureka Design Public Company Limited designs, manufactures, and sells machinery for the automotive and other industries in Thailand, India, and internationally. Eureka Design Public Company Limited was founded in 2002 and is based in Pathum Thani, Thailand. EUREKA DESIGN operates under Specialty Industrial Machinery classification in Thailand and is traded on Stock Exchange of Thailand.
Eureka Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Eureka Design. 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 Eureka Design 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 Eureka Design's important profitability drivers and their relationship over time.
Use Eureka Design 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 Eureka Design 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 Eureka Design will appreciate offsetting losses from the drop in the long position's value.Eureka Design Pair Trading
Eureka Design Public Pair Trading Analysis
The ability to find closely correlated positions to Eureka Design could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eureka Design 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 Eureka Design - 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 Eureka Design Public to buy it.
The correlation of Eureka Design 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 Eureka Design moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eureka Design Public 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 Eureka Design 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 Eureka Design position
In addition to having Eureka Design 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 Blend Funds Thematic Idea Now
Large Blend Funds
Fund or Etfs that invest in stocks of large organizations that have characteristics of both growth and value companies. The Large Blend Funds theme has 46 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 Blend Funds Theme or any other thematic opportunities.
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Other Information on Investing in Eureka Stock
To fully project Eureka Design's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Eureka Design Public 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 Eureka Design's income statement, its balance sheet, and the statement of cash flows.