Byggma Price To Earning vs. Current Valuation
| BMA Stock | NOK 15.05 0.15 0.99% |
For Byggma profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Byggma to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Byggma utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Byggma's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Byggma over time as well as its relative position and ranking within its peers.
Byggma |
Byggma Current Valuation vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Byggma's current stock value. Our valuation model uses many indicators to compare Byggma value to that of its competitors to determine the firm's financial worth. Byggma is number one stock in price to earning category among its peers. It also is the top company in current valuation category among its peers reporting about 323,539,418 of Current Valuation per Price To Earning. 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 Byggma's earnings, one of the primary drivers of an investment's value.Byggma Current Valuation vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Byggma |
| = | 9.80 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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.
Byggma |
| = | 3.17 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.
Byggma Current Valuation vs Competition
Byggma is the top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Building Materials industry is currently estimated at about 52.18 Billion. Byggma holds roughly 3.17 Billion in current valuation claiming about 6% of stocks in Building Materials industry.
Byggma Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Byggma, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Byggma will eventually generate negative long term returns. The profitability progress is the general direction of Byggma's change in net profit over the period of time. It can combine multiple indicators of Byggma, 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.
Byggma ASA manufactures and supplies building materials to builders and retailers in the Nordic countries. It offers pre-painted ceilings and wall panels under the Huntonit brand name I-beams for use in ceilings, walls, and floors in wood-based buildings under the brand name of Masonite fiberboards, boards, and structural panels for use in buildings, pre painted ceilings, and wall panels under the Forestia brand name home lighting products under the Scan Lamps brand name doors and windows for new buildings, extensions, or rehabilitation under the brand name of Uldal and a range of lamp and lighting products under the Aneta brand name. Byggma ASA operates under Building And Construction Materials classification in Norway and is traded on Oslo Stock Exchange.
Byggma Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Byggma. 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 Byggma 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 Byggma's important profitability drivers and their relationship over time.
Use Byggma 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 Byggma 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 Byggma will appreciate offsetting losses from the drop in the long position's value.Byggma Pair Trading
Byggma Pair Trading Analysis
The ability to find closely correlated positions to Byggma could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Byggma 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 Byggma - 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 Byggma to buy it.
The correlation of Byggma 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 Byggma moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Byggma 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 Byggma 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 Byggma position
In addition to having Byggma 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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Other Information on Investing in Byggma Stock
To fully project Byggma's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Byggma 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 Byggma's income statement, its balance sheet, and the statement of cash flows.