Olympic Steel Gross Profit vs. Current Valuation
| ZEUS Stock | USD 39.67 0.81 2.00% |
Gross Profit | First Reported 1994-03-31 | Previous Quarter 112.5 M | Current Value 106.9 M | Quarterly Volatility 34.1 M |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.22 | 0.2071 |
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For Olympic Steel profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Olympic Steel to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Olympic Steel utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Olympic Steel's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Olympic Steel over time as well as its relative position and ranking within its peers.
Olympic |
Olympic Steel's Revenue Breakdown by Earning Segment
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Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Olympic Steel. If investors know Olympic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Olympic Steel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.78) | Dividend Share 0.575 | Earnings Share 2.23 | Revenue Per Share 172.703 | Quarterly Revenue Growth (0.11) |
The market value of Olympic Steel is measured differently than its book value, which is the value of Olympic that is recorded on the company's balance sheet. Investors also form their own opinion of Olympic Steel's value that differs from its market value or its book value, called intrinsic value, which is Olympic Steel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Olympic Steel's market value can be influenced by many factors that don't directly affect Olympic Steel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Olympic Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Olympic Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Olympic Steel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Olympic Steel Current Valuation vs. Gross Profit Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Olympic Steel's current stock value. Our valuation model uses many indicators to compare Olympic Steel value to that of its competitors to determine the firm's financial worth. Olympic Steel is rated first in gross profit category among its peers. It is rated second in current valuation category among its peers reporting about 1.41 of Current Valuation per Gross Profit. At this time, Olympic Steel's Gross Profit is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Olympic Steel 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.Olympic Current Valuation vs. Gross Profit
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Olympic Steel |
| = | 486.06 M |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
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.
Olympic Steel |
| = | 687.3 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.
Olympic Current Valuation vs Competition
Olympic Steel is rated second in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is at this time estimated at about 3.7 Billion. Olympic Steel retains roughly 687.3 Million in current valuation claiming about 19% of all equities under Materials industry.
Olympic Steel Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Olympic Steel, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Olympic Steel will eventually generate negative long term returns. The profitability progress is the general direction of Olympic Steel's change in net profit over the period of time. It can combine multiple indicators of Olympic Steel, 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.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 41 K | 43 K | |
| Operating Income | 77.7 M | 81.6 M | |
| Income Before Tax | 61.6 M | 64.7 M | |
| Total Other Income Expense Net | -16.1 M | -15.3 M | |
| Net Income | 44.5 M | 46.8 M | |
| Income Tax Expense | 17.1 M | 8.7 M | |
| Net Income Applicable To Common Shares | 104.6 M | 109.8 M | |
| Net Income From Continuing Ops | 41.1 M | 24.7 M | |
| Non Operating Income Net Other | -51.8 K | -54.3 K | |
| Interest Income | 13 M | 8.9 M | |
| Net Interest Income | -15.2 M | -14.4 M | |
| Change To Netincome | -799.2 K | -759.2 K | |
| Net Income Per Share | 3.85 | 4.04 | |
| Income Quality | 3.93 | 4.13 | |
| Net Income Per E B T | 0.72 | 0.72 |
Olympic Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Olympic Steel. 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 Olympic Steel 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 Olympic Steel's important profitability drivers and their relationship over time.
Use Olympic Steel 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 Olympic Steel 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 Olympic Steel will appreciate offsetting losses from the drop in the long position's value.Olympic Steel Pair Trading
Olympic Steel Pair Trading Analysis
The ability to find closely correlated positions to Olympic Steel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Olympic Steel 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 Olympic Steel - 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 Olympic Steel to buy it.
The correlation of Olympic Steel 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 Olympic Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Olympic Steel 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 Olympic Steel 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 Olympic Steel position
In addition to having Olympic Steel 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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ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Mid Cap ETFs theme has 70 constituents at this time.
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Additional Tools for Olympic Stock Analysis
When running Olympic Steel's price analysis, check to measure Olympic Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Olympic Steel is operating at the current time. Most of Olympic Steel's value examination focuses on studying past and present price action to predict the probability of Olympic Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Olympic Steel's price. Additionally, you may evaluate how the addition of Olympic Steel to your portfolios can decrease your overall portfolio volatility.