GoPro Price To Book vs. EBITDA
| GPRO34 Stock | BRL 6.77 0.11 1.60% |
For GoPro profitability analysis, we use financial ratios and fundamental drivers that measure the ability of GoPro to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well GoPro Inc utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between GoPro's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of GoPro Inc over time as well as its relative position and ranking within its peers.
GoPro |
GoPro Inc EBITDA vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining GoPro's current stock value. Our valuation model uses many indicators to compare GoPro value to that of its competitors to determine the firm's financial worth. GoPro Inc is rated below average in price to book category among its peers. It is rated # 3 in ebitda category among its peers totaling about 91,184,646 of EBITDA per Price To Book. Comparative valuation analysis is a catch-all model that can be used if you cannot value GoPro by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for GoPro'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.GoPro EBITDA vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
GoPro |
| = | 1.36 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
GoPro |
| = | 124 M |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
GoPro EBITDA Comparison
GoPro is rated # 2 in ebitda category among its peers.
GoPro Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in GoPro, profitability is also one of the essential criteria for including it into their portfolios because, without profit, GoPro will eventually generate negative long term returns. The profitability progress is the general direction of GoPro's change in net profit over the period of time. It can combine multiple indicators of GoPro, 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.
GoPro, Inc. develops and sells cameras, drones, and mountable and wearable accessories in the United States and internationally. GoPro, Inc. was founded in 2002 and is headquartered in San Mateo, California. GOPRO DRN operates under Consumer Electronics classification in Brazil and is traded on Sao Paolo Stock Exchange. It employs 758 people.
GoPro Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on GoPro. 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 GoPro 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 GoPro's important profitability drivers and their relationship over time.
Use GoPro 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 GoPro 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 GoPro will appreciate offsetting losses from the drop in the long position's value.GoPro Pair Trading
GoPro Inc Pair Trading Analysis
The ability to find closely correlated positions to GoPro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GoPro 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 GoPro - 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 GoPro Inc to buy it.
The correlation of GoPro 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 GoPro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GoPro Inc 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 GoPro 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 GoPro position
In addition to having GoPro 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 Real Estate Thematic Idea Now
Real Estate
Publicly traded companies that are involved in real estate development, property maintenance and management of real estate investment trusts (REIT) funds. The Real Estate theme has 41 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 Real Estate Theme or any other thematic opportunities.
| View All Next | Launch |
Additional Information and Resources on Investing in GoPro Stock
When determining whether GoPro Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of GoPro's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Gopro Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gopro Inc Stock:Check out Risk vs Return Analysis. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
To fully project GoPro's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of GoPro Inc 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 GoPro's income statement, its balance sheet, and the statement of cash flows.