29Metals Revenue vs. Total Debt
| 29M Stock | 0.33 0.04 10.81% |
Total Revenue | First Reported 2010-12-31 | Previous Quarter 453.9 M | Current Value 450.4 M | Quarterly Volatility 73.3 M |
For 29Metals profitability analysis, we use financial ratios and fundamental drivers that measure the ability of 29Metals to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well 29Metals utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between 29Metals's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of 29Metals over time as well as its relative position and ranking within its peers.
29Metals |
29Metals Total Debt vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining 29Metals's current stock value. Our valuation model uses many indicators to compare 29Metals value to that of its competitors to determine the firm's financial worth. 29Metals is rated below average in revenue category among its peers. It is rated below average in total debt category among its peers making up about 0.60 of Total Debt per Revenue. The ratio of Revenue to Total Debt for 29Metals is roughly 1.67 . At this time, 29Metals' 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 29Metals' earnings, one of the primary drivers of an investment's value.29Metals Revenue vs. Competition
29Metals is rated below average in revenue category among its peers. Market size based on revenue of Materials industry is presently estimated at about 41.07 Trillion. 29Metals adds roughly 453.88 Million in revenue claiming only tiny portion of all equities under Materials industry.
29Metals Total Debt vs. Revenue
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.
29Metals |
| = | 453.88 M |
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.
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.
29Metals |
| = | 271.33 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.
29Metals Total Debt vs Competition
29Metals is rated below average in total debt category among its peers. Total debt of Materials industry is presently estimated at about 3.02 Trillion. 29Metals adds roughly 271.33 Million in total debt claiming only tiny portion of all equities under Materials industry.
29Metals Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in 29Metals, profitability is also one of the essential criteria for including it into their portfolios because, without profit, 29Metals will eventually generate negative long term returns. The profitability progress is the general direction of 29Metals' change in net profit over the period of time. It can combine multiple indicators of 29Metals, 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 | 3.1 M | 2 M | |
| Interest Income | 5.2 M | 6.1 M | |
| Operating Income | -353.1 M | -335.4 M | |
| Income Before Tax | -382.4 M | -363.3 M | |
| Total Other Income Expense Net | -29.3 M | -30.8 M | |
| Net Loss | -42.5 M | -40.4 M | |
| Net Loss | -440.5 M | -418.4 M | |
| Income Tax Expense | 58.1 M | 61 M | |
| Net Interest Income | -29.3 M | -30.8 M | |
| Net Loss | -440.5 M | -418.4 M | |
| Change To Netincome | 5.7 M | 5.4 M |
29Metals Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on 29Metals. 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 29Metals 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 29Metals' important profitability drivers and their relationship over time.
Use 29Metals 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 29Metals 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 29Metals will appreciate offsetting losses from the drop in the long position's value.29Metals Pair Trading
29Metals Pair Trading Analysis
The ability to find closely correlated positions to 29Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 29Metals 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 29Metals - 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 29Metals to buy it.
The correlation of 29Metals 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 29Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 29Metals 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 29Metals 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 29Metals position
In addition to having 29Metals 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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Additional Tools for 29Metals Stock Analysis
When running 29Metals' price analysis, check to measure 29Metals' 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 29Metals is operating at the current time. Most of 29Metals' value examination focuses on studying past and present price action to predict the probability of 29Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 29Metals' price. Additionally, you may evaluate how the addition of 29Metals to your portfolios can decrease your overall portfolio volatility.