Ocean Glass Public Stock Fundamentals

OGC Stock  THB 19.00  0.30  1.60%   
Ocean Glass Public fundamentals help investors to digest information that contributes to Ocean Glass' financial success or failures. It also enables traders to predict the movement of Ocean Stock. The fundamental analysis module provides a way to measure Ocean Glass' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Ocean Glass stock.
  
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Ocean Glass Public Company Return On Equity Analysis

Ocean Glass' Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.

Return On Equity

 = 

Net Income

Total Equity

More About Return On Equity | All Equity Analysis

Current Ocean Glass Return On Equity

    
  0.0126  
Most of Ocean Glass' fundamental indicators, such as Return On Equity, 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, Ocean Glass Public is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Competition

Based on the latest financial disclosure, Ocean Glass Public has a Return On Equity of 0.0126. This is 99.65% lower than that of the Household Durables sector and significantly higher than that of the Consumer Discretionary industry. The return on equity for all Thailand stocks is 104.06% lower than that of the firm.

Ocean Glass Public Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Ocean Glass's current stock value. Our valuation model uses many indicators to compare Ocean Glass value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Ocean Glass competition to find correlations between indicators driving Ocean Glass's intrinsic value. More Info.
Ocean Glass Public is considered to be number one stock in return on equity category among its peers. It is regarded fifth in return on asset category among its peers reporting about  2.79  of Return On Asset per Return On Equity. 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 Ocean Glass' earnings, one of the primary drivers of an investment's value.

Ocean Return On Equity Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ocean Glass' direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Ocean Glass could also be used in its relative valuation, which is a method of valuing Ocean Glass by comparing valuation metrics of similar companies.
Ocean Glass is currently under evaluation in return on equity category among its peers.

Ocean Fundamentals

About Ocean Glass Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Ocean Glass Public's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ocean Glass using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ocean Glass Public based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Ocean Glass Public Company Limited, together with its subsidiaries, manufactures and sells table glassware in Thailand. Ocean Glass Public Company Limited was founded in 1979 and is headquartered in Bangkok, Thailand. OCEAN GLASS operates under Furnishings, Fixtures Appliances classification in Thailand and is traded on Stock Exchange of Thailand.

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Other Information on Investing in Ocean Stock

Ocean Glass financial ratios help investors to determine whether Ocean 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 Ocean with respect to the benefits of owning Ocean Glass security.