SUMITOMO P Current Valuation vs. Net Income
| SUMB Stock | EUR 19.70 0.10 0.51% |
For SUMITOMO P profitability analysis, we use financial ratios and fundamental drivers that measure the ability of SUMITOMO P to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well SUMITOMO P SP utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between SUMITOMO P's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of SUMITOMO P SP over time as well as its relative position and ranking within its peers.
SUMITOMO |
SUMITOMO P SP Net Income vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining SUMITOMO P's current stock value. Our valuation model uses many indicators to compare SUMITOMO P value to that of its competitors to determine the firm's financial worth. SUMITOMO P SP is currently regarded number one company in current valuation category among its peers. It is rated below average in net income category among its peers . 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 SUMITOMO P's earnings, one of the primary drivers of an investment's value.SUMITOMO Current Valuation vs. Competition
SUMITOMO P SP is currently regarded number one company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Conglomerates industry is at this time estimated at about 3.61 Trillion. SUMITOMO P totals roughly 2.98 Trillion in current valuation claiming about 83% of stocks in Conglomerates industry.
SUMITOMO Net Income 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.
SUMITOMO P |
| = | 2.98 T |
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.
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.
SUMITOMO P |
| = | (153.07 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.
SUMITOMO Net Income Comparison
SUMITOMO P is currently under evaluation in net income category among its peers.
SUMITOMO P Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in SUMITOMO P, profitability is also one of the essential criteria for including it into their portfolios because, without profit, SUMITOMO P will eventually generate negative long term returns. The profitability progress is the general direction of SUMITOMO P's change in net profit over the period of time. It can combine multiple indicators of SUMITOMO P, 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.
Sumitomo Corporation imports, exports, and sells various goods and commodities worldwide. Sumitomo Corporation was incorporated in 1919 and is headquartered in Tokyo, Japan. SUMITOMO CORP operates under Conglomerates classification in Germany and is traded on Frankfurt Stock Exchange. It employs 74920 people.
SUMITOMO Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on SUMITOMO P. 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 SUMITOMO P 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 SUMITOMO P's important profitability drivers and their relationship over time.
Use SUMITOMO P 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 SUMITOMO P 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 SUMITOMO P will appreciate offsetting losses from the drop in the long position's value.SUMITOMO P Pair Trading
SUMITOMO P SP Pair Trading Analysis
The ability to find closely correlated positions to SUMITOMO P could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SUMITOMO P 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 SUMITOMO P - 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 SUMITOMO P SP to buy it.
The correlation of SUMITOMO P 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 SUMITOMO P moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SUMITOMO P SP 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 SUMITOMO P 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 SUMITOMO P position
In addition to having SUMITOMO P 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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Companies involved in production of steel and iron. The Iron theme has 48 constituents at this time.
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Other Information on Investing in SUMITOMO Stock
To fully project SUMITOMO P's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of SUMITOMO P SP 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 SUMITOMO P's income statement, its balance sheet, and the statement of cash flows.