Caseys General Stores Stock Price To Sales
| CASY Stock | USD 318.66 0.92 0.29% |
Caseys General Stores fundamentals help investors to digest information that contributes to Caseys General's financial success or failures. It also enables traders to predict the movement of Caseys Stock. The fundamental analysis module provides a way to measure Caseys General's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Caseys General stock.
| Last Reported | Projected for Next Year | ||
| Price To Sales Ratio | 0.52 | 0.34 |
Caseys | Price To Sales |
Caseys General Stores Company Price To Sales Analysis
Caseys General's 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.
Current Caseys General Price To Sales | 0.79 X |
Most of Caseys General's fundamental indicators, such as Price To Sales, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Caseys General Stores is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Caseys Price To Sales Driver Correlations
Understanding the fundamental principles of building solid financial models for Caseys General is extremely important. It helps to project a fair market value of Caseys Stock properly, considering its historical fundamentals such as Price To Sales. Since Caseys General's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Caseys General's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Caseys General's interrelated accounts and indicators.
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Caseys Price To Sales Historical Pattern
Today, most investors in Caseys General Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Caseys General's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's price to sales growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Caseys General price to sales as a starting point in their analysis.
Caseys General Price To Sales |
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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.
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Caseys Price To Sales Ratio
Price To Sales Ratio |
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Based on the latest financial disclosure, Caseys General Stores has a Price To Sales of 0.7866 times. This is 98.76% lower than that of the Consumer Staples Distribution & Retail sector and 66.53% lower than that of the Consumer Staples industry. The price to sales for all United States stocks is 93.11% higher than that of the company.
Caseys Price To Sales Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Caseys General's direct or indirect competition against its Price To Sales to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Caseys General could also be used in its relative valuation, which is a method of valuing Caseys General by comparing valuation metrics of similar companies.Caseys General is currently under evaluation in price to sales category among related companies.
Caseys Fundamentals
| Return On Equity | 0.17 | ||||
| Return On Asset | 0.0707 | ||||
| Profit Margin | 0.03 % | ||||
| Operating Margin | 0.04 % | ||||
| Current Valuation | 13.29 B | ||||
| Shares Outstanding | 37.02 M | ||||
| Shares Owned By Insiders | 0.49 % | ||||
| Shares Owned By Institutions | 88.94 % | ||||
| Number Of Shares Shorted | 776.92 K | ||||
| Price To Earning | 24.15 X | ||||
| Price To Book | 3.89 X | ||||
| Price To Sales | 0.79 X | ||||
| Revenue | 15.09 B | ||||
| Gross Profit | 3.07 B | ||||
| EBITDA | 952.46 M | ||||
| Net Income | 446.69 M | ||||
| Cash And Equivalents | 312.36 M | ||||
| Cash Per Share | 8.38 X | ||||
| Total Debt | 1.67 B | ||||
| Debt To Equity | 0.70 % | ||||
| Current Ratio | 0.96 X | ||||
| Book Value Per Share | 79.54 X | ||||
| Cash Flow From Operations | 881.95 M | ||||
| Short Ratio | 2.39 X | ||||
| Earnings Per Share | 12.58 X | ||||
| Price To Earnings To Growth | 2.11 X | ||||
| Target Price | 332.94 | ||||
| Number Of Employees | 20.29 K | ||||
| Beta | 0.83 | ||||
| Market Capitalization | 11.83 B | ||||
| Total Asset | 5.94 B | ||||
| Retained Earnings | 2.55 B | ||||
| Working Capital | (6.17 M) | ||||
| Current Asset | 325.88 M | ||||
| Current Liabilities | 387.57 M | ||||
| Annual Yield | 0.01 % | ||||
| Five Year Return | 0.78 % | ||||
| Net Asset | 5.94 B | ||||
| Last Dividend Paid | 1.67 |
About Caseys General Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Caseys General Stores's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Caseys General using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Caseys General Stores based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Caseys General
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 Caseys General 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 Caseys General will appreciate offsetting losses from the drop in the long position's value.Moving together with Caseys Stock
| 0.91 | BJ | BJs Wholesale Club Financial Report 28th of May 2024 | PairCorr |
| 0.66 | DG | Dollar General Financial Report 6th of June 2024 | PairCorr |
| 0.76 | GO | Grocery Outlet Holding Financial Report 14th of May 2024 | PairCorr |
| 0.87 | KR | Kroger Company Financial Report 20th of June 2024 | PairCorr |
Moving against Caseys Stock
| 0.87 | HFFG | Hf Foods Group | PairCorr |
| 0.81 | IMKTA | Ingles Markets rporated Earnings Call Today | PairCorr |
| 0.76 | WBA | Walgreens Boots Alliance Financial Report 25th of June 2024 | PairCorr |
| 0.69 | YI | 111 Inc | PairCorr |
| 0.67 | WBUY | WEBUY GLOBAL LTD | PairCorr |
The ability to find closely correlated positions to Caseys General could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Caseys General 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 Caseys General - 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 Caseys General Stores to buy it.
The correlation of Caseys General 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 Caseys General moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Caseys General Stores 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 Caseys General 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.Check out Caseys General Piotroski F Score and Caseys General Altman Z Score analysis. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Caseys Stock analysis
When running Caseys General's price analysis, check to measure Caseys General'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 Caseys General is operating at the current time. Most of Caseys General's value examination focuses on studying past and present price action to predict the probability of Caseys General's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Caseys General's price. Additionally, you may evaluate how the addition of Caseys General to your portfolios can decrease your overall portfolio volatility.
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Is Caseys General's industry 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 Caseys General. If investors know Caseys 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 Caseys General 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 (0.13) | Dividend Share 1.67 | Earnings Share 12.58 | Revenue Per Share 391.946 | Quarterly Revenue Growth (0) |
The market value of Caseys General Stores is measured differently than its book value, which is the value of Caseys that is recorded on the company's balance sheet. Investors also form their own opinion of Caseys General's value that differs from its market value or its book value, called intrinsic value, which is Caseys General'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 Caseys General's market value can be influenced by many factors that don't directly affect Caseys General'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 Caseys General's value and its price as these two are different measures arrived at by different means. Investors typically determine if Caseys General is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Caseys General'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.