Ocado Group EBITDA vs. Price To Book
OCDGF Stock | USD 3.92 0.05 1.29% |
For Ocado Group profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Ocado Group to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Ocado Group PLC utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Ocado Group's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Ocado Group PLC over time as well as its relative position and ranking within its peers.
Ocado |
Ocado Group PLC Price To Book vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Ocado Group's current stock value. Our valuation model uses many indicators to compare Ocado Group value to that of its competitors to determine the firm's financial worth. Ocado Group PLC is rated below average in ebitda category among its peers. It is rated below average in price to book category among its peers . The ratio of EBITDA to Price To Book for Ocado Group PLC is about 33,719,251 . 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 Ocado Group's earnings, one of the primary drivers of an investment's value.Ocado Price To Book vs. EBITDA
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.
Ocado Group |
| = | 133.1 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.
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.
Ocado Group |
| = | 3.95 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.
Ocado Price To Book Comparison
Ocado Group is currently under evaluation in price to book category among its peers.
Ocado Group Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Ocado Group, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Ocado Group will eventually generate negative long term returns. The profitability progress is the general direction of Ocado Group's change in net profit over the period of time. It can combine multiple indicators of Ocado Group, 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.
Ocado Group plc operates as an online grocery retailer in the United Kingdom and internationally. The company was founded in 2000 and is headquartered in Hatfield, the United Kingdom. OCADO GROUP operates under Grocery Stores classification in the United States and is traded on OTC Exchange. It employs 19347 people.
Ocado Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Ocado Group. 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 Ocado Group 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 Ocado Group's important profitability drivers and their relationship over time.
Use Ocado Group 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 Ocado Group 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 Ocado Group will appreciate offsetting losses from the drop in the long position's value.Ocado Group Pair Trading
Ocado Group PLC Pair Trading Analysis
The ability to find closely correlated positions to Ocado Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ocado Group 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 Ocado Group - 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 Ocado Group PLC to buy it.
The correlation of Ocado Group 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 Ocado Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ocado Group PLC 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 Ocado Group 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 Ocado Group position
In addition to having Ocado Group 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 Ocado Pink Sheet
To fully project Ocado Group's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Ocado Group PLC 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 Ocado Group's income statement, its balance sheet, and the statement of cash flows.