Weir Group Current Valuation vs. Total Debt
| WEIR Stock | 2,254 18.00 0.79% |
For Weir Group profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Weir Group to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Weir Group PLC utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Weir Group's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Weir Group PLC over time as well as its relative position and ranking within its peers.
Weir |
Weir Group PLC Total Debt vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Weir Group's current stock value. Our valuation model uses many indicators to compare Weir Group value to that of its competitors to determine the firm's financial worth. Weir Group PLC is rated fourth in current valuation category among its peers. It is rated fourth in total debt category among its peers making up about 0.21 of Total Debt per Current Valuation. The ratio of Current Valuation to Total Debt for Weir Group PLC is roughly 4.72 . 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 Weir Group's earnings, one of the primary drivers of an investment's value.Weir Current Valuation vs. Competition
Weir Group PLC is rated fourth in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Industrials industry is at this time estimated at about 546.3 Billion. Weir Group claims roughly 6.59 Billion in current valuation contributing just under 2% to equities under Industrials industry.
Weir Total Debt 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.
Weir Group |
| = | 6.59 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.
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.
Weir Group |
| = | 1.4 B |
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.
Weir Total Debt vs Competition
Weir Group PLC is rated fourth in total debt category among its peers. Total debt of Industrials industry is at this time estimated at about 252.92 Billion. Weir Group maintains roughly 1.4 Billion in total debt contributing less than 1% to equities under Industrials industry.
Weir Group Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Weir Group, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Weir Group will eventually generate negative long term returns. The profitability progress is the general direction of Weir Group's change in net profit over the period of time. It can combine multiple indicators of Weir Group, 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 | 95.8 M | 100.6 M | |
| Operating Income | 368.4 M | 386.8 M | |
| Income Before Tax | 320.7 M | 336.7 M | |
| Total Other Income Expense Net | -47.7 M | -45.3 M | |
| Net Income | 229.2 M | 240.7 M | |
| Income Tax Expense | 90.8 M | 95.3 M | |
| Net Income Applicable To Common Shares | 245.4 M | 257.7 M | |
| Net Interest Income | -47.6 M | -50 M | |
| Interest Income | 16.1 M | 16.9 M | |
| Net Income From Continuing Ops | 229.9 M | 241.4 M | |
| Change To Netincome | 32.4 M | 30.8 M |
Weir Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Weir Group. 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 Weir Group 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 Weir Group's important profitability drivers and their relationship over time.
Use Weir Group 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 Weir Group 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 Weir Group will appreciate offsetting losses from the drop in the long position's value.Weir Group Pair Trading
Weir Group PLC Pair Trading Analysis
The ability to find closely correlated positions to Weir Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Weir Group 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 Weir Group - 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 Weir Group PLC to buy it.
The correlation of Weir Group 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 Weir Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Weir Group PLC 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 Weir Group 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 Weir Group position
In addition to having Weir Group 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?
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Consumer Discretionary ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Consumer Discretionary ETFs theme has 29 constituents at this time.
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Additional Tools for Weir Stock Analysis
When running Weir Group's price analysis, check to measure Weir Group's 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 Weir Group is operating at the current time. Most of Weir Group's value examination focuses on studying past and present price action to predict the probability of Weir Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Weir Group's price. Additionally, you may evaluate how the addition of Weir Group to your portfolios can decrease your overall portfolio volatility.