Thitikorn Public Price To Earning vs. Return On Equity
| TK Stock | THB 4.64 0.04 0.85% |
For Thitikorn Public profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Thitikorn Public to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Thitikorn Public utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Thitikorn Public's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Thitikorn Public over time as well as its relative position and ranking within its peers.
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Thitikorn Public Return On Equity vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Thitikorn Public's current stock value. Our valuation model uses many indicators to compare Thitikorn Public value to that of its competitors to determine the firm's financial worth. Thitikorn Public is currently regarded as top stock in price to earning category among its peers. It also is currently regarded as top stock in return on equity category among its peers reporting about 0.01 of Return On Equity per Price To Earning. The ratio of Price To Earning to Return On Equity for Thitikorn Public is roughly 160.44 . 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 Thitikorn Public's earnings, one of the primary drivers of an investment's value.Thitikorn Return On Equity vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
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| = | 12.45 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Thitikorn Public |
| = | 0.0776 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Thitikorn Return On Equity Comparison
Thitikorn Public is currently under evaluation in return on equity category among its peers.
Thitikorn Public Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Thitikorn Public, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Thitikorn Public will eventually generate negative long term returns. The profitability progress is the general direction of Thitikorn Public's change in net profit over the period of time. It can combine multiple indicators of Thitikorn Public, 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.
Thitikorn Public Company Limited, together with its subsidiaries, provides motorcycle and automobile hire-purchase, and other related services for general retail customers in Thailand. The company was incorporated in 1972 and is headquartered in Bangkok, Thailand. THITIKORN PUBLIC operates under Credit Services classification in Thailand and is traded on Stock Exchange of Thailand.
Thitikorn Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Thitikorn Public. 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 Thitikorn Public 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 Thitikorn Public's important profitability drivers and their relationship over time.
Use Thitikorn Public 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 Thitikorn Public 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 Thitikorn Public will appreciate offsetting losses from the drop in the long position's value.Thitikorn Public Pair Trading
Thitikorn Public Pair Trading Analysis
The ability to find closely correlated positions to Thitikorn Public could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thitikorn Public 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 Thitikorn Public - 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 Thitikorn Public to buy it.
The correlation of Thitikorn Public 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 Thitikorn Public moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thitikorn 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 Thitikorn Public 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 Thitikorn Public position
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Other Information on Investing in Thitikorn Stock
To fully project Thitikorn Public's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Thitikorn 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 Thitikorn Public's income statement, its balance sheet, and the statement of cash flows.