Neogames Sa Stock Fundamentals
| NGMSDelisted Stock | USD 29.45 0.00 0.00% |
Neogames SA fundamentals help investors to digest information that contributes to Neogames' financial success or failures. It also enables traders to predict the movement of Neogames Stock. The fundamental analysis module provides a way to measure Neogames' 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 Neogames stock.
Neogames |
Neogames SA Company Return On Equity Analysis
Neogames' Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Neogames Return On Equity | -0.13 |
Most of Neogames' fundamental indicators, such as Return On Equity, 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, Neogames SA is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
CompetitionBased on the latest financial disclosure, Neogames SA has a Return On Equity of -0.1302. This is 103.62% lower than that of the Hotels, Restaurants & Leisure sector and 99.69% lower than that of the Consumer Discretionary industry. The return on equity for all United States stocks is 58.0% lower than that of the firm.
Neogames SA Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Neogames's current stock value. Our valuation model uses many indicators to compare Neogames value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Neogames competition to find correlations between indicators driving Neogames's intrinsic value. More Info.Neogames SA is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers . Comparative valuation analysis is a catch-all technique that is used if you cannot value Neogames 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.Neogames Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Neogames' direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Neogames could also be used in its relative valuation, which is a method of valuing Neogames by comparing valuation metrics of similar companies.Neogames is currently under evaluation in return on equity category among its peers.
Neogames Fundamentals
| Return On Equity | -0.13 | |||
| Return On Asset | -0.0274 | |||
| Profit Margin | (0.1) % | |||
| Operating Margin | (0.15) % | |||
| Current Valuation | 1.19 B | |||
| Shares Outstanding | 33.9 M | |||
| Shares Owned By Institutions | 31.80 % | |||
| Number Of Shares Shorted | 59.71 K | |||
| Price To Earning | 32.82 X | |||
| Price To Book | 7.34 X | |||
| Price To Sales | 5.17 X | |||
| Revenue | 191.54 M | |||
| Gross Profit | 165.7 M | |||
| EBITDA | 35.74 M | |||
| Net Income | (18.28 M) | |||
| Cash And Equivalents | 130.14 M | |||
| Cash Per Share | 4.97 X | |||
| Total Debt | 226.8 M | |||
| Debt To Equity | 1.48 % | |||
| Current Ratio | 0.98 X | |||
| Book Value Per Share | 4.01 X | |||
| Cash Flow From Operations | 58.09 M | |||
| Short Ratio | 0.25 X | |||
| Earnings Per Share | (0.36) X | |||
| Target Price | 28.8 | |||
| Number Of Employees | 10 | |||
| Beta | 1.13 | |||
| Market Capitalization | 998.21 M | |||
| Total Asset | 459.38 M | |||
| Retained Earnings | (65.93 M) | |||
| Working Capital | 11.05 M | |||
| Net Asset | 459.38 M |
About Neogames Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Neogames SA's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Neogames using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Neogames SA 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.The company offers various technology platforms, a range of value-added services, and a game studio that provides a portfolio of draw based games and instant tickets through personal computers, smartphones, and handheld devices. The company was incorporated in 2014 and is headquartered in Tel Aviv, Israel. Neogames operates under Gambling classification in the United States and is traded on NASDAQ Exchange. It employs 154 people.
Pair Trading with Neogames
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 Neogames 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 Neogames will appreciate offsetting losses from the drop in the long position's value.Moving against Neogames Stock
| 0.65 | CVX | Chevron Corp Financial Report 26th of July 2024 | PairCorr |
| 0.64 | AXP | American Express Sell-off Trend | PairCorr |
| 0.58 | GE | GE Aerospace Financial Report 23rd of July 2024 | PairCorr |
| 0.52 | PG | Procter Gamble Financial Report 26th of July 2024 | PairCorr |
| 0.44 | MMM | 3M Company Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Neogames could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Neogames 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 Neogames - 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 Neogames SA to buy it.
The correlation of Neogames 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 Neogames moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Neogames SA 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 Neogames 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 Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Other Consideration for investing in Neogames Stock
If you are still planning to invest in Neogames SA check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Neogames' history and understand the potential risks before investing.
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