Smart Concrete Current Valuation vs. Price To Sales
| SMART Stock | THB 0.76 0.01 1.30% |
For Smart Concrete profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Smart Concrete to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Smart Concrete Public utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Smart Concrete's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Smart Concrete Public over time as well as its relative position and ranking within its peers.
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Smart Concrete Public Price To Sales vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Smart Concrete's current stock value. Our valuation model uses many indicators to compare Smart Concrete value to that of its competitors to determine the firm's financial worth. Smart Concrete Public is currently regarded number one company in current valuation category among its peers. It also is currently regarded as top stock in price to sales category among its peers . The ratio of Current Valuation to Price To Sales for Smart Concrete Public is about 469,456,357 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Smart Concrete by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Smart Concrete's 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.Smart Current Valuation vs. Competition
Smart Concrete Public is currently regarded number one company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Building Materials industry is at this time estimated at about 8.05 Billion. Smart Concrete holds roughly 656.02 Million in current valuation claiming about 8% of stocks in Building Materials industry.
Smart Price To Sales vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
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| = | 656.02 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
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.
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| = | 1.40 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.
Smart Price To Sales Comparison
Smart Concrete is currently under evaluation in price to sales category among its peers.
Smart Concrete Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Smart Concrete, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Smart Concrete will eventually generate negative long term returns. The profitability progress is the general direction of Smart Concrete's change in net profit over the period of time. It can combine multiple indicators of Smart Concrete, 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.
Smart Concrete Public Company Limited manufactures and sells autoclaved aerated concrete blocks for use in construction in Thailand. Smart Concrete Public Company Limited is a subsidiary of Chonburi Concrete Product Public Company Limited. Smart Concrete operates under Building Materials classification in Thailand and is traded on Stock Exchange of Thailand.
Smart Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Smart Concrete. 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 Smart Concrete 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 Smart Concrete's important profitability drivers and their relationship over time.
Use Smart Concrete 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 Smart Concrete 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 Smart Concrete will appreciate offsetting losses from the drop in the long position's value.Smart Concrete Pair Trading
Smart Concrete Public Pair Trading Analysis
The ability to find closely correlated positions to Smart Concrete could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Smart Concrete 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 Smart Concrete - 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 Smart Concrete Public to buy it.
The correlation of Smart Concrete 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 Smart Concrete moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Smart Concrete 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 Smart Concrete 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 Smart Concrete position
In addition to having Smart Concrete 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 Macroaxis Index Thematic Idea Now
Macroaxis Index
An experimental equal-weighted index theme of selected equities generated based on Macroaxis rating and scoring system. The Macroaxis Index theme has 52 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 Macroaxis Index Theme or any other thematic opportunities.
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Other Information on Investing in Smart Stock
To fully project Smart Concrete's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Smart Concrete 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 Smart Concrete's income statement, its balance sheet, and the statement of cash flows.