Evolution Mining Book Value Per Share vs. Net Income
| EVN Stock | 4.84 0.02 0.41% |
For Evolution Mining profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Evolution Mining to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Evolution Mining utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Evolution Mining's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Evolution Mining over time as well as its relative position and ranking within its peers.
Evolution |
Evolution Mining Net Income vs. Book Value Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Evolution Mining's current stock value. Our valuation model uses many indicators to compare Evolution Mining value to that of its competitors to determine the firm's financial worth. Evolution Mining is one of the top stocks in book value per share category among its peers. It also is one of the top stocks in net income category among its peers making up about 202,430,010 of Net Income per Book Value Per Share. At this time, Evolution Mining's Net Income 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 Evolution Mining's earnings, one of the primary drivers of an investment's value.Evolution Net Income vs. Book Value Per Share
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
Evolution Mining |
| = | 2.09 X |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Evolution Mining |
| = | 422.27 M |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Evolution Net Income Comparison
Evolution Mining is currently under evaluation in net income category among its peers.
Evolution Mining Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Evolution Mining, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Evolution Mining will eventually generate negative long term returns. The profitability progress is the general direction of Evolution Mining's change in net profit over the period of time. It can combine multiple indicators of Evolution Mining, 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 | 46 M | 31.1 M | |
| Operating Income | 838 M | 879.9 M | |
| Income Before Tax | 619.8 M | 650.8 M | |
| Total Other Income Expense Net | -218.2 M | -207.3 M | |
| Net Income | 422.3 M | 443.4 M | |
| Income Tax Expense | 197.5 M | 207.4 M | |
| Net Income Applicable To Common Shares | 188 M | 183.5 M | |
| Net Income From Continuing Ops | 422.3 M | 238.1 M | |
| Net Interest Income | -143.5 M | -136.3 M | |
| Interest Income | 5 M | 4.1 M | |
| Change To Netincome | 114.9 M | 59.1 M |
Evolution Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Evolution Mining. 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 Evolution Mining 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 Evolution Mining's important profitability drivers and their relationship over time.
Use Evolution Mining 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 Evolution Mining 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 Evolution Mining will appreciate offsetting losses from the drop in the long position's value.Evolution Mining Pair Trading
Evolution Mining Pair Trading Analysis
The ability to find closely correlated positions to Evolution Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evolution Mining 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 Evolution Mining - 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 Evolution Mining to buy it.
The correlation of Evolution Mining 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 Evolution Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evolution Mining 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 Evolution Mining 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 Evolution Mining position
In addition to having Evolution Mining 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?
Run Medical Equipment Thematic Idea Now
Medical Equipment
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Medical Equipment theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Medical Equipment Theme or any other thematic opportunities.
| View All Next | Launch |
Additional Tools for Evolution Stock Analysis
When running Evolution Mining's price analysis, check to measure Evolution Mining's 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 Evolution Mining is operating at the current time. Most of Evolution Mining's value examination focuses on studying past and present price action to predict the probability of Evolution Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evolution Mining's price. Additionally, you may evaluate how the addition of Evolution Mining to your portfolios can decrease your overall portfolio volatility.