Daechang Steel Cash Per Share vs. Total Debt
| 140520 Stock | KRW 2,240 15.00 0.67% |
For Daechang Steel profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Daechang Steel to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Daechang Steel Co utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Daechang Steel's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Daechang Steel Co over time as well as its relative position and ranking within its peers.
Daechang |
Daechang Steel Total Debt vs. Cash Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Daechang Steel's current stock value. Our valuation model uses many indicators to compare Daechang Steel value to that of its competitors to determine the firm's financial worth. Daechang Steel Co is number one stock in cash per share category among its peers. It also is the top company in total debt category among its peers making up about 380,781 of Total Debt per Cash Per Share. Comparative valuation analysis is a catch-all model that can be used if you cannot value Daechang Steel by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Daechang Steel'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.Daechang Total Debt vs. Cash Per Share
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Daechang Steel |
| = | 263.75 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
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.
Daechang Steel |
| = | 100.43 M |
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.
Daechang Total Debt vs Competition
Daechang Steel Co is the top company in total debt category among its peers. Total debt of Materials industry is presently estimated at about 1.32 Billion. Daechang Steel holds roughly 100.43 Million in total debt claiming about 8% of all equities under Materials industry.
Daechang Steel Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Daechang Steel, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Daechang Steel will eventually generate negative long term returns. The profitability progress is the general direction of Daechang Steel's change in net profit over the period of time. It can combine multiple indicators of Daechang 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.
DaeChang Steel Co., Ltd. engages in the manufacture, processing, and sale of steel products in South Korea. DaeChang Steel Co., Ltd. was founded in 1980 and is headquartered in Incheon, South Korea. DaeChang Steel is traded on Korean Securities Dealers Automated Quotations in South Korea.
Daechang Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Daechang 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 Daechang 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 Daechang Steel's important profitability drivers and their relationship over time.
Use Daechang 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 Daechang 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 Daechang Steel will appreciate offsetting losses from the drop in the long position's value.Daechang Steel Pair Trading
Daechang Steel Co Pair Trading Analysis
The ability to find closely correlated positions to Daechang 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 Daechang 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 Daechang 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 Daechang Steel Co to buy it.
The correlation of Daechang 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 Daechang Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daechang Steel 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 Daechang 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.Use Investing Themes to Complement your Daechang Steel position
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Other Information on Investing in Daechang Stock
To fully project Daechang Steel's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Daechang Steel 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 Daechang Steel's income statement, its balance sheet, and the statement of cash flows.