Eidesvik Offshore Asa Stock Cash Flow From Operations
EIOF Stock | NOK 15.98 0.62 4.04% |
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 Cash Flow From Operations Analysis
Eidesvik Offshore's Operating Cash Flow reveals the quality of a company's reported earnings and is calculated by deducting company's income taxes from earnings before interest, taxes, and depreciation (EBITDA). In other words, Operating Cash Flow refers to the amount of cash a firm generates from the sales or products or from rendering services. Operating Cash Flow typically excludes costs associated with long-term investments or investment in marketable securities and is usually used by investors or analysts to check on the quality of a company's earnings.
Current Eidesvik Offshore Cash Flow From Operations | 177.12 M |
Most of Eidesvik Offshore's fundamental indicators, such as Cash Flow From Operations, 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.
Operating Cash Flow shows the difference between reported income and actual cash flows of the company. If a firm does not have enough cash or cash equivalents to cover its current liabilities, then both investors and management should be concerned about the company having enough liquid resources to meet current and long term debt obligations.
Competition |
In accordance with the recently published financial statements, Eidesvik Offshore ASA has 177.12 M in Cash Flow From Operations. This is 94.93% lower than that of the Energy Equipment & Services sector and 3.47% higher than that of the Energy industry. The cash flow from operations for all Norway stocks is 81.76% higher than that of the company.
Eidesvik Cash Flow From Operations 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 Cash Flow From Operations 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 cash flow from operations category among related companies.
Eidesvik Fundamentals
Return On Equity | 0.52 | |||
Return On Asset | 0.0072 | |||
Profit Margin | 0.35 % | |||
Operating Margin | 0.05 % | |||
Current Valuation | 1.52 B | |||
Shares Outstanding | 62.15 M | |||
Shares Owned By Insiders | 81.18 % | |||
Price To Earning | 1.24 X | |||
Price To Book | 0.85 X | |||
Price To Sales | 0.83 X | |||
Revenue | 569.48 M | |||
Gross Profit | 296.44 M | |||
EBITDA | 58.65 M | |||
Net Income | (15.75 M) | |||
Cash And Equivalents | 330.4 M | |||
Cash Per Share | 7.13 X | |||
Total Debt | 1.1 B | |||
Debt To Equity | 185.70 % | |||
Current Ratio | 3.21 X | |||
Book Value Per Share | 9.66 X | |||
Cash Flow From Operations | 177.12 M | |||
Earnings Per Share | 3.46 X | |||
Target Price | 12.0 | |||
Number Of Employees | 471 | |||
Beta | 0.99 | |||
Market Capitalization | 745.8 M | |||
Total Asset | 2.75 B | |||
Retained Earnings | 1.67 B | |||
Working Capital | 403 M | |||
Current Asset | 874 M | |||
Current Liabilities | 471 M | |||
Five Year Return | 2.13 % | |||
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 together with Eidesvik Stock
0.76 | EQNR | Equinor ASA | PairCorr |
0.84 | PNOR | Petronor EP | PairCorr |
Moving against Eidesvik Stock
0.73 | RIVER | River Tech plc | PairCorr |
0.55 | CONTX | ContextVision AB | 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eidesvik Offshore ASA. 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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary 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.
Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
Fundamental Analysis View fundamental data based on most recent published financial statements | |
Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges |