NorAm Drilling Financials
| TM9 Stock | EUR 3.42 0.02 0.58% |
NorAm |
Understanding current and past NorAm Drilling Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of NorAm Drilling's financial statements are interrelated, with each one affecting the others. For example, an increase in NorAm Drilling's assets may result in an increase in income on the income statement.
The data published in NorAm Drilling's official financial statements usually reflect NorAm Drilling's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of NorAm Drilling AS. For example, before you start analyzing numbers published by NorAm accountants, it's critical to develop an understanding of what NorAm Drilling's liquidity, profitability, and earnings quality are in the context of the Consumer Cyclical space in which it operates.
Please note, the presentation of NorAm Drilling's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, NorAm Drilling's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in NorAm Drilling's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of NorAm Drilling AS. Please utilize our Beneish M Score to check the likelihood of NorAm Drilling's management manipulating its earnings.
NorAm Drilling Stock Summary
NorAm Drilling competes with Superior Plus, Origin Agritech, Identiv, INTUITIVE SURGICAL, and Intel. Tribune Media Company, through its subsidiaries, operates as a diversified media and entertainment company in the United States. Tribune Media Company was founded in 1847 and is based in Chicago, Illinois. Tribune Media operates under Broadcasting - TV classification in Germany and is traded on Frankfurt Stock Exchange. It employs 5800 people.| Instrument | Germany Stock View All |
| Exchange | Frankfurt Exchange |
| Business Address | 515 North State |
| Sector | Consumer Cyclical |
| Industry | Broadcasting - TV |
| Benchmark | NYSE Composite |
| Website | www.tribunemedia.com |
| Phone | 313 222 3394 |
| Currency | EUR - Euro |
You should never invest in NorAm Drilling without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of NorAm Stock, because this is throwing your money away. Analyzing the key information contained in NorAm Drilling's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
NorAm Drilling Key Financial Ratios
Generally speaking, NorAm Drilling's financial ratios allow both analysts and investors to convert raw data from NorAm Drilling's financial statements into concise, actionable information that can be used to evaluate the performance of NorAm Drilling over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that NorAm Drilling AS reports annually and quarterly.| Return On Equity | 11.03 | |||
| Return On Asset | 3.0 | |||
| Beta | -0.26 |
NorAm Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining NorAm Drilling's current stock value. Our valuation model uses many indicators to compare NorAm Drilling value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across NorAm Drilling competition to find correlations between indicators driving NorAm Drilling's intrinsic value. More Info.NorAm Drilling AS is currently regarded as top stock in return on equity category among related companies. It is currently regarded as top stock in return on asset category among related companies reporting about 0.27 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for NorAm Drilling AS is roughly 3.68 . Comparative valuation analysis is a catch-all model that can be used if you cannot value NorAm Drilling by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for NorAm Drilling'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. 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 NorAm Drilling's earnings, one of the primary drivers of an investment's value.NorAm Drilling AS Systematic Risk
NorAm Drilling's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. NorAm Drilling volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourty-eight with a total number of output elements of thirteen. The Beta measures systematic risk based on how returns on NorAm Drilling AS correlated with the market. If Beta is less than 0 NorAm Drilling generally moves in the opposite direction as compared to the market. If NorAm Drilling Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one NorAm Drilling AS is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of NorAm Drilling is generally in the same direction as the market. If Beta > 1 NorAm Drilling moves generally in the same direction as, but more than the movement of the benchmark.
About NorAm Drilling Financials
What exactly are NorAm Drilling Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include NorAm Drilling's income statement, its balance sheet, and the statement of cash flows. Potential NorAm Drilling investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although NorAm Drilling investors may use each financial statement separately, they are all related. The changes in NorAm Drilling's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on NorAm Drilling's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.Steps to analyze NorAm Drilling Financials for Investing
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as NorAm Drilling is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of NorAm has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it. In summary, you can determine if NorAm Drilling's financials are consistent with your investment objective using the following steps:- Review NorAm Drilling's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
- Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
- Study the cash flow inflows and outflows to understand NorAm Drilling's liquidity and solvency.
- Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
- Compare NorAm Drilling's financials to those of its peers to see how it stacks up and identify any potential red flags.
- Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if NorAm Drilling's stock is overvalued or undervalued.
NorAm Drilling May 17, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of NorAm Drilling help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of NorAm Drilling AS. We use our internally-developed statistical techniques to arrive at the intrinsic value of NorAm Drilling AS based on widely used predictive technical indicators. In general, we focus on analyzing NorAm Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build NorAm Drilling's daily price indicators and compare them against related drivers.
| Downside Deviation | 4.04 | |||
| Information Ratio | 0.0458 | |||
| Maximum Drawdown | 33.24 | |||
| Value At Risk | (4.70) | |||
| Potential Upside | 7.02 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in NorAm Drilling AS. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for NorAm Stock analysis
When running NorAm Drilling's price analysis, check to measure NorAm Drilling'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 NorAm Drilling is operating at the current time. Most of NorAm Drilling's value examination focuses on studying past and present price action to predict the probability of NorAm Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NorAm Drilling's price. Additionally, you may evaluate how the addition of NorAm Drilling to your portfolios can decrease your overall portfolio volatility.
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