Neogen Chemicals Total Debt vs. Net Income
| NEOGEN Stock | 2,009 3.85 0.19% |
For Neogen Chemicals profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Neogen Chemicals to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Neogen Chemicals Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Neogen Chemicals's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Neogen Chemicals Limited over time as well as its relative position and ranking within its peers.
Neogen |
Neogen Chemicals Net Income vs. Total Debt Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Neogen Chemicals's current stock value. Our valuation model uses many indicators to compare Neogen Chemicals value to that of its competitors to determine the firm's financial worth. Neogen Chemicals Limited is regarded third in total debt category among its peers. It is rated below average in net income category among its peers making up about 0.09 of Net Income per Total Debt. The ratio of Total Debt to Net Income for Neogen Chemicals Limited is roughly 11.47 . At present, Neogen Chemicals' Net Income is projected to increase significantly based on the last few years of reporting. Comparative valuation analysis is a catch-all model that can be used if you cannot value Neogen Chemicals by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Neogen Chemicals' 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.Neogen Total Debt vs. Competition
Neogen Chemicals Limited is regarded third in total debt category among its peers. Total debt of Materials industry is now estimated at about 592.98 Billion. Neogen Chemicals maintains roughly 4.09 Billion in total debt contributing less than 1% to all equities under Materials industry.
Neogen Net Income vs. Total Debt
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Neogen Chemicals |
| = | 4.09 B |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
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.
Neogen Chemicals |
| = | 356.5 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.
Neogen Net Income Comparison
Neogen Chemicals is currently under evaluation in net income category among its peers.
Neogen Chemicals Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Neogen Chemicals, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Neogen Chemicals will eventually generate negative long term returns. The profitability progress is the general direction of Neogen Chemicals' change in net profit over the period of time. It can combine multiple indicators of Neogen Chemicals, 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 | 137.8 M | 144.7 M | |
| Operating Income | 871.8 M | 443.2 M | |
| Income Before Tax | 527.7 M | 347 M | |
| Total Other Income Expense Net | -344.1 M | -326.9 M | |
| Net Income | 356.5 M | 329.9 M | |
| Income Tax Expense | 171.2 M | 103.7 M | |
| Interest Income | 331.7 M | 348.2 M | |
| Net Income From Continuing Ops | 356.5 M | 251.2 M | |
| Net Income Applicable To Common Shares | 574.7 M | 603.4 M | |
| Net Interest Income | -429.6 M | -408.1 M | |
| Change To Netincome | 174.5 M | 124.4 M |
Neogen Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Neogen Chemicals. 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 Neogen Chemicals 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 Neogen Chemicals' important profitability drivers and their relationship over time.
Use Neogen Chemicals 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 Neogen Chemicals 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 Neogen Chemicals will appreciate offsetting losses from the drop in the long position's value.Neogen Chemicals Pair Trading
Neogen Chemicals Limited Pair Trading Analysis
The ability to find closely correlated positions to Neogen Chemicals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Neogen Chemicals 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 Neogen Chemicals - 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 Neogen Chemicals Limited to buy it.
The correlation of Neogen Chemicals 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 Neogen Chemicals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Neogen Chemicals 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 Neogen Chemicals 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 Neogen Chemicals position
In addition to having Neogen Chemicals 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 Neogen Stock
To fully project Neogen Chemicals' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Neogen Chemicals 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 Neogen Chemicals' income statement, its balance sheet, and the statement of cash flows.