Eidesvik Offshore Asa Stock Gross Profit
| E1V Stock | EUR 1.39 0.02 1.46% |
Eidesvik Offshore ASA fundamentals help investors to digest information that contributes to Eidesvik Offshore's financial success or failures. It also enables traders to predict the movement of Eidesvik Stock. The fundamental analysis module provides a way to measure Eidesvik Offshore'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 Eidesvik Offshore stock.
Eidesvik |
Eidesvik Offshore ASA Company Gross Profit Analysis
Eidesvik Offshore's 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.
Current Eidesvik Offshore Gross Profit | 332.3 M |
Most of Eidesvik Offshore's fundamental indicators, such as Gross Profit, 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, Eidesvik Offshore ASA is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
| Competition |
According to the company disclosure, Eidesvik Offshore ASA reported 332.3 M of gross profit. This is 99.72% lower than that of the Energy sector and 35.81% lower than that of the Oil & Gas Equipment & Services industry. The gross profit for all Germany stocks is 98.79% higher than that of the company.
Eidesvik Gross Profit Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Eidesvik Offshore's direct or indirect competition against its Gross Profit to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Eidesvik Offshore could also be used in its relative valuation, which is a method of valuing Eidesvik Offshore by comparing valuation metrics of similar companies.Eidesvik Offshore is currently under evaluation in gross profit category among its peers.
Eidesvik Fundamentals
| Return On Equity | 0.56 | |||
| Return On Asset | 0.0166 | |||
| Profit Margin | 0.55 % | |||
| Operating Margin | 0.11 % | |||
| Current Valuation | 148.46 M | |||
| Shares Outstanding | 62.15 M | |||
| Shares Owned By Insiders | 81.18 % | |||
| Price To Book | 0.86 X | |||
| Price To Sales | 0.08 X | |||
| Revenue | 569.48 M | |||
| Gross Profit | 332.3 M | |||
| EBITDA | 105.13 M | |||
| Net Income | (15.75 M) | |||
| Cash And Equivalents | 551.64 M | |||
| Cash Per Share | 8.88 X | |||
| Total Debt | 1.04 B | |||
| Debt To Equity | 6.00 % | |||
| Current Ratio | 1.88 X | |||
| Book Value Per Share | 13.91 X | |||
| Cash Flow From Operations | 151.26 M | |||
| Earnings Per Share | 0.33 X | |||
| Number Of Employees | 450 | |||
| Beta | 0.99 | |||
| Market Capitalization | 76.47 M | |||
| Total Asset | 2.75 B | |||
| Net Asset | 2.75 B |
About Eidesvik Offshore Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Eidesvik Offshore ASA's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Eidesvik Offshore using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Eidesvik Offshore ASA 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 Eidesvik Offshore
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 Eidesvik Offshore 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 Eidesvik Offshore will appreciate offsetting losses from the drop in the long position's value.Moving against Eidesvik Stock
| 0.85 | PP1 | Papa Johns International | PairCorr |
| 0.73 | SCL | Schlumberger Limited | PairCorr |
| 0.67 | TW1 | Tenaris SA | PairCorr |
| 0.65 | AHD | ASHFORD HOSPITTRUST | PairCorr |
| 0.62 | 7RY | Ryerson Holding | PairCorr |
The ability to find closely correlated positions to Eidesvik Offshore could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eidesvik Offshore 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 Eidesvik Offshore - 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 Eidesvik Offshore ASA to buy it.
The correlation of Eidesvik Offshore 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 Eidesvik Offshore moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eidesvik Offshore ASA 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 Eidesvik Offshore 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.Additional Tools for Eidesvik Stock Analysis
When running Eidesvik Offshore's price analysis, check to measure Eidesvik Offshore'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 Eidesvik Offshore is operating at the current time. Most of Eidesvik Offshore's value examination focuses on studying past and present price action to predict the probability of Eidesvik Offshore's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eidesvik Offshore's price. Additionally, you may evaluate how the addition of Eidesvik Offshore to your portfolios can decrease your overall portfolio volatility.