Diamond Offshore EBITDA vs. Current Asset
| DO Stock | USD 13.16 0.42 3.09% |
EBITDA | First Reported 2010-12-31 | Previous Quarter 158 M | Current Value 150.1 M | Quarterly Volatility 692.5 M |
For Diamond Offshore profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Diamond Offshore to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Diamond Offshore Drilling utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Diamond Offshore's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Diamond Offshore Drilling over time as well as its relative position and ranking within its peers.
Diamond |
Is Diamond Offshore'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 Diamond Offshore. If investors know Diamond 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 Diamond Offshore listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.44) | Revenue Per Share 9.662 | Quarterly Revenue Growth 0.346 | Return On Assets 0.018 | Return On Equity (0.07) |
The market value of Diamond Offshore Drilling is measured differently than its book value, which is the value of Diamond that is recorded on the company's balance sheet. Investors also form their own opinion of Diamond Offshore's value that differs from its market value or its book value, called intrinsic value, which is Diamond Offshore'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 Diamond Offshore's market value can be influenced by many factors that don't directly affect Diamond Offshore'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 Diamond Offshore's value and its price as these two are different measures arrived at by different means. Investors typically determine if Diamond Offshore is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Diamond Offshore'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.
Diamond Offshore Drilling Current Asset vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Diamond Offshore's current stock value. Our valuation model uses many indicators to compare Diamond Offshore value to that of its competitors to determine the firm's financial worth. Diamond Offshore Drilling is rated below average in ebitda category among related companies. It is rated below average in current asset category among related companies fabricating about 6.53 of Current Asset per EBITDA. At this time, Diamond Offshore's EBITDA is very stable compared to the past year.Comparative valuation analysis is a catch-all model that can be used if you cannot value Diamond Offshore by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Diamond Offshore'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 Diamond Offshore's earnings, one of the primary drivers of an investment's value.Diamond Current Asset vs. EBITDA
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Diamond Offshore |
| = | 157.98 M |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Diamond Offshore |
| = | 1.03 B |
Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
Diamond Current Asset Comparison
Diamond Offshore is currently under evaluation in current asset category among related companies.
Diamond Offshore Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Diamond Offshore, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Diamond Offshore will eventually generate negative long term returns. The profitability progress is the general direction of Diamond Offshore's change in net profit over the period of time. It can combine multiple indicators of Diamond Offshore, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 20 K | 21 K | |
| Operating Income | 46.7 M | 44.3 M | |
| Income Before Tax | -13.7 M | -13 M | |
| Total Other Income Expense Net | -60.4 M | -57.4 M | |
| Net Loss | -44.7 M | -42.5 M | |
| Income Tax Expense | 31 M | 32.5 M | |
| Interest Income | 179 K | 170.1 K | |
| Net Loss | -92.9 M | -97.5 M | |
| Net Interest Income | -50 M | -52.5 M | |
| Net Income From Continuing Ops | 48.6 M | 51 M | |
| Change To Netincome | -4.1 M | -3.9 M | |
| Net Loss | (0.44) | (0.42) | |
| Income Quality | (0.26) | (0.25) | |
| Net Income Per E B T | 3.26 | 3.42 |
Diamond Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Diamond Offshore. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Diamond Offshore position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Diamond Offshore's important profitability drivers and their relationship over time.
Use Diamond Offshore in pair-trading
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 Diamond 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 Diamond Offshore will appreciate offsetting losses from the drop in the long position's value.Diamond Offshore Pair Trading
Diamond Offshore Drilling Pair Trading Analysis
The ability to find closely correlated positions to Diamond 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 Diamond 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 Diamond 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 Diamond Offshore Drilling to buy it.
The correlation of Diamond 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 Diamond Offshore moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Diamond Offshore Drilling 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 Diamond 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.Use Investing Themes to Complement your Diamond Offshore position
In addition to having Diamond Offshore in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Healthcare Funds Thematic Idea Now
Healthcare Funds
Funds or Etfs investing in medical and healthcare goods or services as well as hospital management or maintenance organizations. The Healthcare Funds theme has 36 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Healthcare Funds Theme or any other thematic opportunities.
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Check out Investing Opportunities. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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When running Diamond Offshore's price analysis, check to measure Diamond 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 Diamond Offshore is operating at the current time. Most of Diamond Offshore's value examination focuses on studying past and present price action to predict the probability of Diamond 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 Diamond Offshore's price. Additionally, you may evaluate how the addition of Diamond Offshore to your portfolios can decrease your overall portfolio volatility.
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To fully project Diamond Offshore's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Diamond Offshore Drilling at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Diamond Offshore's income statement, its balance sheet, and the statement of cash flows.