Taekwang Financial Statements From 2010 to 2024

003240 Stock   628,000  1,000.00  0.16%   
Taekwang Ind financial statements provide useful quarterly and yearly information to potential Taekwang Ind investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Taekwang Ind financial statements helps investors assess Taekwang Ind's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Taekwang Ind's valuation are summarized below:
Taekwang Ind does not presently have any fundamental trend indicators for analysis.
Check Taekwang Ind financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Taekwang Ind's main balance sheet or income statement drivers, such as , as well as many indicators such as . Taekwang financial statements analysis is a perfect complement when working with Taekwang Ind Valuation or Volatility modules.
  
This module can also supplement various Taekwang Ind Technical models . Check out the analysis of Taekwang Ind Correlation against competitors.

Taekwang Ind Company Current Valuation Analysis

Taekwang Ind's 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.

Enterprise Value

 = 

Market Cap + Debt

-

Cash

More About Current Valuation | All Equity Analysis

Current Taekwang Ind Current Valuation

    
  (667.81 B)  
Most of Taekwang Ind's fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Taekwang Ind is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
Competition

In accordance with the recently published financial statements, Taekwang Ind has a Current Valuation of (667.81 Billion). This is much lower than that of the Chemicals sector and significantly lower than that of the Materials industry. The current valuation for all Republic of Korea stocks is notably higher than that of the company.

Taekwang Ind Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Taekwang Ind's current stock value. Our valuation model uses many indicators to compare Taekwang Ind value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Taekwang Ind competition to find correlations between indicators driving Taekwang Ind's intrinsic value. More Info.
Taekwang Ind is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about  0.03  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Taekwang Ind is roughly  34.20 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Taekwang Ind by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Taekwang Ind'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.

About Taekwang Ind Financial Statements

Taekwang Ind stakeholders use historical fundamental indicators, such as Taekwang Ind's revenue or net income, to determine how well the company is positioned to perform in the future. Although Taekwang Ind investors may analyze each financial statement separately, they are all interrelated. For example, changes in Taekwang Ind's assets and liabilities are reflected in the revenues and expenses on Taekwang Ind's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Taekwang Ind. Please read more on our technical analysis and fundamental analysis pages.

Pair Trading with Taekwang Ind

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 Taekwang Ind 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 Taekwang Ind will appreciate offsetting losses from the drop in the long position's value.

Moving against Taekwang Stock

  0.76005930 Samsung ElectronicsPairCorr
  0.75005935 Samsung ElectronicsPairCorr
  0.5009830 Hanwha SolutionsPairCorr
  0.36005380 Hyundai MotorPairCorr
The ability to find closely correlated positions to Taekwang Ind could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taekwang Ind 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 Taekwang Ind - 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 Taekwang Ind to buy it.
The correlation of Taekwang Ind 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 Taekwang Ind moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Taekwang Ind 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 Taekwang Ind 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

Other Information on Investing in Taekwang Stock

Taekwang Ind financial ratios help investors to determine whether Taekwang Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Taekwang with respect to the benefits of owning Taekwang Ind security.