HNI Shares Outstanding vs. Cash Per Share
| HO9 Stock | EUR 50.50 1.00 1.94% |
For HNI profitability analysis, we use financial ratios and fundamental drivers that measure the ability of HNI to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well HNI Corporation utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between HNI's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of HNI Corporation over time as well as its relative position and ranking within its peers.
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HNI Corporation Cash Per Share vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining HNI's current stock value. Our valuation model uses many indicators to compare HNI value to that of its competitors to determine the firm's financial worth. HNI Corporation is rated below average in shares outstanding category among its peers. It is rated # 5 in cash per share category among its peers . The ratio of Shares Outstanding to Cash Per Share for HNI Corporation is about 36,284,035 . 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 HNI's earnings, one of the primary drivers of an investment's value.HNI Cash Per Share vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
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| = | 41.36 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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.
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| = | 1.14 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.
HNI Cash Per Share Comparison
HNI is currently under evaluation in cash per share category among its peers.
HNI Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in HNI, profitability is also one of the essential criteria for including it into their portfolios because, without profit, HNI will eventually generate negative long term returns. The profitability progress is the general direction of HNI's change in net profit over the period of time. It can combine multiple indicators of HNI, 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.
HNI Corporation manufactures and sells office furniture and hearth products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, Singapore, and Taiwan. HNI Corporation was incorporated in 1944 and is headquartered in Muscatine, Iowa. HNI operates under Business Equipment classification in Germany and is traded on Frankfurt Stock Exchange. It employs 8700 people.
HNI Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on HNI. 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 HNI 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 HNI's important profitability drivers and their relationship over time.
Use HNI 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 HNI 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 HNI will appreciate offsetting losses from the drop in the long position's value.HNI Pair Trading
HNI Corporation Pair Trading Analysis
The ability to find closely correlated positions to HNI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HNI 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 HNI - 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 HNI Corporation to buy it.
The correlation of HNI 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 HNI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HNI Corporation 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 HNI 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 HNI position
In addition to having HNI 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 HNI Stock
To fully project HNI's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of HNI Corporation 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 HNI's income statement, its balance sheet, and the statement of cash flows.