Petkim Financial Statements From 2010 to 2024
| PETKM Stock | TRY 21.64 0.34 1.55% |
Check Petkim Petrokimya financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Petkim Petrokimya's main balance sheet or income statement drivers, such as , as well as many indicators such as . Petkim financial statements analysis is a perfect complement when working with Petkim Petrokimya Valuation or Volatility modules.
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Petkim Petrokimya Holding Company Return On Equity Analysis
Petkim Petrokimya's 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 Petkim Petrokimya Return On Equity | 0.49 |
Most of Petkim Petrokimya's 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, Petkim Petrokimya Holding 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.
| Competition |
Based on the latest financial disclosure, Petkim Petrokimya Holding has a Return On Equity of 0.4949. This is 45.62% lower than that of the Chemicals sector and 93.44% lower than that of the Materials industry. The return on equity for all Turkey stocks is notably lower than that of the firm.
Petkim Petrokimya Holding Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Petkim Petrokimya's current stock value. Our valuation model uses many indicators to compare Petkim Petrokimya value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Petkim Petrokimya competition to find correlations between indicators driving Petkim Petrokimya's intrinsic value. More Info.Petkim Petrokimya Holding is considered to be number one stock in return on equity category among its peers. It is regarded second in return on asset category among its peers reporting about 0.18 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Petkim Petrokimya Holding is roughly 5.49 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Petkim Petrokimya by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Petkim Petrokimya'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.About Petkim Petrokimya Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Petkim Petrokimya income statement, its balance sheet, and the statement of cash flows. Petkim Petrokimya investors use historical funamental indicators, such as Petkim Petrokimya's revenue or net income, to determine how well the company is positioned to perform in the future. Although Petkim Petrokimya investors may use each financial statement separately, they are all related. The changes in Petkim Petrokimya's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Petkim Petrokimya's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Petkim Petrokimya Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Petkim Petrokimya. Please read more on our technical analysis and fundamental analysis pages.
Petkim Petrokimya Holding Anonim Sirketi operates as a petrochemical company in Turkey. Petkim Petrokimya Holding A.S. operates as a subsidiary of Socar Turkey Petrokimya AS. PETKIM operates under Chemicals classification in Turkey and is traded on Istanbul Stock Exchange. It employs 2373 people.
Pair Trading with Petkim Petrokimya
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 Petkim Petrokimya 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 Petkim Petrokimya will appreciate offsetting losses from the drop in the long position's value.Moving against Petkim Stock
The ability to find closely correlated positions to Petkim Petrokimya could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Petkim Petrokimya 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 Petkim Petrokimya - 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 Petkim Petrokimya Holding to buy it.
The correlation of Petkim Petrokimya 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 Petkim Petrokimya moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Petkim Petrokimya Holding 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 Petkim Petrokimya 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.Other Information on Investing in Petkim Stock
Petkim Petrokimya financial ratios help investors to determine whether Petkim Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Petkim with respect to the benefits of owning Petkim Petrokimya security.