Zenith Steel Current Valuation vs. Revenue

ZENITHSTL   8.92  0.07  0.78%   
Taking into consideration Zenith Steel's profitability measurements, Zenith Steel Pipes may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in January. Profitability indicators assess Zenith Steel's ability to earn profits and add value for shareholders.
For Zenith Steel profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Zenith Steel to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Zenith Steel Pipes utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Zenith Steel's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Zenith Steel Pipes 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 Zenith Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zenith Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zenith Steel'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.

Zenith Steel Pipes Revenue vs. Current Valuation Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Zenith Steel's current stock value. Our valuation model uses many indicators to compare Zenith Steel value to that of its competitors to determine the firm's financial worth.
Zenith Steel Pipes is rated below average in current valuation category among its peers. It is rated below average in revenue category among its peers totaling about  0.42  of Revenue per Current Valuation. The ratio of Current Valuation to Revenue for Zenith Steel Pipes is roughly  2.39 . At this time, Zenith Steel's Total Revenue is comparatively stable compared to the past year. 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 Zenith Steel's earnings, one of the primary drivers of an investment's value.

Zenith Current Valuation vs. Competition

Zenith Steel Pipes is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is at this time estimated at about 1.7 Trillion. Zenith Steel adds roughly 3.43 Billion in current valuation claiming only tiny portion of all equities under Materials industry.

Zenith Revenue 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.

Zenith Steel

Enterprise Value

 = 

Market Cap + Debt

-

Cash

 = 
3.43 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.
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.

Zenith Steel

Revenue

 = 

Money Received

-

Discounts and Returns

 = 
1.43 B
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.

Zenith Revenue vs Competition

Zenith Steel Pipes is rated below average in revenue category among its peers. Market size based on revenue of Materials industry is at this time estimated at about 1.49 Trillion. Zenith Steel adds roughly 1.43 Billion in revenue claiming only tiny portion of all equities under Materials industry.

Zenith Steel Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Zenith Steel, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Zenith Steel will eventually generate negative long term returns. The profitability progress is the general direction of Zenith Steel's change in net profit over the period of time. It can combine multiple indicators of Zenith Steel, 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 ReportedProjected for Next Year
Accumulated Other Comprehensive Income85.8 M81.5 M
Operating Income-523.7 M-497.5 M
Income Before Tax-4.6 M-4.9 M
Total Other Income Expense Net-4.6 M-4.9 M
Net Loss-7 M-7.3 M
Income Tax Expense2.3 M2.2 M
Net Interest Income-29.2 M-30.7 M
Net Loss-4.6 M-4.9 M
Net Income Applicable To Common Shares133.7 M140.4 M
Change To Netincome43.1 M40.9 M

Zenith Profitability Driver Comparison

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

Use Zenith Steel 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 Zenith Steel 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 Zenith Steel will appreciate offsetting losses from the drop in the long position's value.

Zenith Steel Pair Trading

Zenith Steel Pipes Pair Trading Analysis

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

In addition to having Zenith Steel 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 Non-Metallic and Industrial Metal Mining Thematic Idea Now

Non-Metallic and Industrial Metal Mining
Non-Metallic and Industrial Metal Mining Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Non-Metallic and Industrial Metal Mining 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 Non-Metallic and Industrial Metal Mining Theme or any other thematic opportunities.
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Additional Tools for Zenith Stock Analysis

When running Zenith Steel's price analysis, check to measure Zenith Steel'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 Zenith Steel is operating at the current time. Most of Zenith Steel's value examination focuses on studying past and present price action to predict the probability of Zenith Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zenith Steel's price. Additionally, you may evaluate how the addition of Zenith Steel to your portfolios can decrease your overall portfolio volatility.