Snap On Return On Equity vs. Number Of Shares Shorted
| SNA Stock | USD 278.98 4.03 1.47% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter 0.18 | Current Value 0.12 | Quarterly Volatility 0.02704169 |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.54 | 0.56 |
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| Net Profit Margin | 0.19 | 0.18 |
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| Operating Profit Margin | 0.25 | 0.24 |
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| Pretax Profit Margin | 0.25 | 0.24 |
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| Return On Assets | 0.0686 | 0.12 |
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| Return On Equity | 0.12 | 0.18 |
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For Snap On profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Snap On to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Snap On utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Snap On's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Snap On over time as well as its relative position and ranking within its peers.
Snap |
Snap On's Revenue Breakdown by Earning Segment
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Is Snap On'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 Snap On. If investors know Snap 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 Snap On 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 0.067 | Dividend Share 6.96 | Earnings Share 19.07 | Revenue Per Share 96.811 | Quarterly Revenue Growth 0.005 |
The market value of Snap On is measured differently than its book value, which is the value of Snap that is recorded on the company's balance sheet. Investors also form their own opinion of Snap On's value that differs from its market value or its book value, called intrinsic value, which is Snap On'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 Snap On's market value can be influenced by many factors that don't directly affect Snap On'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 Snap On's value and its price as these two are different measures arrived at by different means. Investors typically determine if Snap On is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Snap On'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.
Snap On Number Of Shares Shorted vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Snap On's current stock value. Our valuation model uses many indicators to compare Snap On value to that of its competitors to determine the firm's financial worth. Snap On is rated third in return on equity category among related companies. It is rated fourth in number of shares shorted category among related companies making about 11,196,469 of Number Of Shares Shorted per Return On Equity. At present, Snap On's Return On Equity is projected to increase slightly based on the last few years of reporting.Comparative valuation analysis is a catch-all model that can be used if you cannot value Snap On by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Snap On'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 Snap On's earnings, one of the primary drivers of an investment's value.Snap On's Earnings Breakdown by Geography
Snap Number Of Shares Shorted vs. Return On Equity
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.
Snap On |
| = | 0.21 |
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.
Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
Snap On |
| = | 2.4 M |
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
Snap Number Of Shares Shorted Comparison
Snap On is currently under evaluation in number of shares shorted category among related companies.
Snap On Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Snap On, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Snap On will eventually generate negative long term returns. The profitability progress is the general direction of Snap On's change in net profit over the period of time. It can combine multiple indicators of Snap On, 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 | -449.5 M | -427 M | |
| Operating Income | 1.3 B | 1.4 B | |
| Income Before Tax | 1.3 B | 1.4 B | |
| Total Other Income Expense Net | 22.1 M | 23.2 M | |
| Net Income | 1 B | 1.1 B | |
| Income Tax Expense | 293.4 M | 308.1 M | |
| Net Income Applicable To Common Shares | 1 B | 1.1 B | |
| Net Income From Continuing Ops | 1 B | 632.6 M | |
| Non Operating Income Net Other | 48.9 M | 51.3 M | |
| Interest Income | 40.2 M | 28.8 M | |
| Net Interest Income | -9.7 M | -10.2 M | |
| Change To Netincome | 67 M | 83.4 M | |
| Net Income Per Share | 15.42 | 16.19 | |
| Income Quality | 0.65 | 0.80 | |
| Net Income Per E B T | 0.68 | 0.50 |
Snap Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Snap On. 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 Snap On 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 Snap On's important profitability drivers and their relationship over time.
Use Snap On 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 Snap On 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 Snap On will appreciate offsetting losses from the drop in the long position's value.Snap On Pair Trading
Snap On Pair Trading Analysis
The ability to find closely correlated positions to Snap On could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Snap On 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 Snap On - 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 Snap On to buy it.
The correlation of Snap On 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 Snap On moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Snap On 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 Snap On 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 Snap On position
In addition to having Snap On 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?
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Check out World Market Map. For information on how to trade Snap Stock refer to our How to Trade Snap Stock guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Snap Stock analysis
When running Snap On's price analysis, check to measure Snap On'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 Snap On is operating at the current time. Most of Snap On's value examination focuses on studying past and present price action to predict the probability of Snap On's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Snap On's price. Additionally, you may evaluate how the addition of Snap On to your portfolios can decrease your overall portfolio volatility.
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To fully project Snap On's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Snap On 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 Snap On's income statement, its balance sheet, and the statement of cash flows.