Primo Water Price To Sales vs. Cash And Equivalents
| PRMWDelisted Stock | USD 24.21 0.47 1.90% |
For Primo Water profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Primo Water to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Primo Water Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Primo Water's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Primo Water Corp over time as well as its relative position and ranking within its peers.
Primo |
Primo Water Corp Cash And Equivalents vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Primo Water's current stock value. Our valuation model uses many indicators to compare Primo Water value to that of its competitors to determine the firm's financial worth. Primo Water Corp is rated below average in price to sales category among its peers. It is rated below average in cash and equivalents category among its peers creating about 47,866,654 of Cash And Equivalents per Price To Sales. Comparative valuation analysis is a catch-all technique that is used if you cannot value Primo Water by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Primo Cash And Equivalents vs. Price To Sales
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Primo Water |
| = | 2.06 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Primo Water |
| = | 98.5 M |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Primo Cash And Equivalents Comparison
Primo Water is currently under evaluation in cash and equivalents category among its peers.
Primo Water Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Primo Water, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Primo Water will eventually generate negative long term returns. The profitability progress is the general direction of Primo Water's change in net profit over the period of time. It can combine multiple indicators of Primo Water, 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.
Primo Water Corporation provides pure-play water solutions for residential and commercial customers. Primo Water Corporation was incorporated in 1955 and is headquartered in Tampa, Florida. Primo Water operates under BeveragesNon-Alcoholic classification in the United States and is traded on New York Stock Exchange. It employs 9230 people.
Primo Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Primo Water. 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 Primo Water 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 Primo Water's important profitability drivers and their relationship over time.
Use Primo Water 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 Primo Water 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 Primo Water will appreciate offsetting losses from the drop in the long position's value.Primo Water Pair Trading
Primo Water Corp Pair Trading Analysis
The ability to find closely correlated positions to Primo Water could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Primo Water 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 Primo Water - 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 Primo Water Corp to buy it.
The correlation of Primo Water 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 Primo Water moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Primo Water Corp 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 Primo Water 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 Primo Water position
In addition to having Primo Water 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 Sport Products Thematic Idea Now
Sport Products
Companies manufacturing sporting goods and accessories. The Sport Products theme has 44 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 Sport Products Theme or any other thematic opportunities.
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Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Other Consideration for investing in Primo Stock
If you are still planning to invest in Primo Water Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Primo Water's history and understand the potential risks before investing.
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