MCS Steel Net Income vs. Price To Book
| MCS Stock | THB 6.90 0.10 1.43% |
For MCS Steel profitability analysis, we use financial ratios and fundamental drivers that measure the ability of MCS Steel to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well MCS Steel Public utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between MCS Steel's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of MCS Steel Public over time as well as its relative position and ranking within its peers.
MCS |
MCS Steel Public Price To Book vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining MCS Steel's current stock value. Our valuation model uses many indicators to compare MCS Steel value to that of its competitors to determine the firm's financial worth. MCS Steel Public is considered to be number one stock in net income category among its peers. It also is considered to be number one stock in price to book category among its peers . The ratio of Net Income to Price To Book for MCS Steel Public is about 1,306,302,309 . 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 MCS Steel's earnings, one of the primary drivers of an investment's value.MCS Price To Book vs. Net Income
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.
MCS Steel |
| = | 1.42 B |
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.
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.
MCS Steel |
| = | 1.08 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.
MCS Price To Book Comparison
MCS Steel is currently under evaluation in price to book category among its peers.
MCS Steel Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in MCS Steel, profitability is also one of the essential criteria for including it into their portfolios because, without profit, MCS Steel will eventually generate negative long term returns. The profitability progress is the general direction of MCS Steel's change in net profit over the period of time. It can combine multiple indicators of MCS Steel, 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.
Steel Public Company Limited produces and distributes structural steel products for building construction in Thailand and internationally. Steel Public Company Limited was founded in 1992 and is headquartered in Ayutthaya, Thailand. M C operates under Steel classification in Thailand and is traded on Stock Exchange of Thailand.
MCS Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on MCS Steel. 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 MCS Steel 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 MCS Steel's important profitability drivers and their relationship over time.
Use MCS Steel 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 MCS Steel 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 MCS Steel will appreciate offsetting losses from the drop in the long position's value.MCS Steel Pair Trading
MCS Steel Public Pair Trading Analysis
The ability to find closely correlated positions to MCS Steel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MCS Steel 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 MCS Steel - 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 MCS Steel Public to buy it.
The correlation of MCS Steel 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 MCS Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MCS Steel Public 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 MCS Steel 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 MCS Steel position
In addition to having MCS Steel 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 MCS Stock
To fully project MCS Steel's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of MCS Steel Public 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 MCS Steel's income statement, its balance sheet, and the statement of cash flows.