Hanover Foods Financials
| HNFSB Stock | USD 61.72 0.00 0.00% |
With this module, you can analyze Hanover financials for your investing period. You should be able to track the changes in Hanover Foods individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
Hanover |
Understanding current and past Hanover Foods Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Hanover Foods' financial statements are interrelated, with each one affecting the others. For example, an increase in Hanover Foods' assets may result in an increase in income on the income statement.
Evaluating Hanover Foods' financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of Hanover Foods' profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the Hanover Foods' relative financial performance
Chance Of Distress
Less than 1
100 | Zero |
Very Small
Hanover Foods has less than 1 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Hanover Foods pink sheet is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, Hanover Foods' odds of distress score SHOULD NOT be confused with the real chance of Hanover Foods filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as Hanover is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include Hanover Foods' liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More InfoThe data published in Hanover Foods' official financial statements usually reflect Hanover Foods' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Hanover Foods. For example, before you start analyzing numbers published by Hanover accountants, it's critical to develop an understanding of what Hanover Foods' liquidity, profitability, and earnings quality are in the context of the Consumer Defensive space in which it operates.
Please note, the presentation of Hanover Foods' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Hanover Foods' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Hanover Foods' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Hanover Foods. Please utilize our Beneish M Score to check the likelihood of Hanover Foods' management manipulating its earnings.
Hanover Foods Company Summary
Hanover Foods competes with Antero Midstream, Kinetik Holdings, Southwest Gas, United Utilities, and WEC Energy. Hanover Foods Corporation engages in processing, packaging, and selling fresh canned and frozen products. The company was founded in 1924 and is based in Hanover, Pennsylvania. Hanover Foods operates under Packaged Foods classification in the United States and is traded on OTC Exchange. It employs 2205 people.| Instrument | USA Pink Sheet View All |
| Exchange | PINK Exchange |
| Business Address | PO Box 334, |
| Sector | Consumer Defensive |
| Industry | Packaged Foods |
| Benchmark | NYSE Composite |
| Website | www.hanoverfoods.com |
| Phone | 717 632 6000 |
| Currency | USD - US Dollar |
You should never invest in Hanover Foods without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Hanover Pink Sheet, because this is throwing your money away. Analyzing the key information contained in Hanover Foods' financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Hanover Foods Key Financial Ratios
Generally speaking, Hanover Foods' financial ratios allow both analysts and investors to convert raw data from Hanover Foods' financial statements into concise, actionable information that can be used to evaluate the performance of Hanover Foods over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Hanover Foods reports annually and quarterly.| Return On Equity | 0.12 | |||
| Return On Asset | 0.0597 | |||
| Beta | 0.47 |
Hanover Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Hanover Foods's current stock value. Our valuation model uses many indicators to compare Hanover Foods value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Hanover Foods competition to find correlations between indicators driving Hanover Foods's intrinsic value. More Info.Hanover Foods is one of the top stocks in current ratio category among related companies. It is one of the top stocks in profit margin category among related companies fabricating about 0.02 of Profit Margin per Current Ratio. The ratio of Current Ratio to Profit Margin for Hanover Foods is roughly 43.59 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Hanover Foods by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Hanover Foods' Pink Sheet . 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 Hanover Foods' earnings, one of the primary drivers of an investment's value.Hanover Foods Systematic Risk
Hanover Foods' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Hanover Foods volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Hanover Foods correlated with the market. If Beta is less than 0 Hanover Foods generally moves in the opposite direction as compared to the market. If Hanover Foods Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Hanover Foods is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Hanover Foods is generally in the same direction as the market. If Beta > 1 Hanover Foods moves generally in the same direction as, but more than the movement of the benchmark..
About Hanover Foods Financials
What exactly are Hanover Foods Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Hanover Foods' income statement, its balance sheet, and the statement of cash flows. Potential Hanover Foods investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Hanover Foods investors may use each financial statement separately, they are all related. The changes in Hanover Foods's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Hanover Foods'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. Please read more on our technical analysis and fundamental analysis pages.Steps to analyze Hanover Foods Financials for Investing
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Hanover Foods is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Hanover has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it. In summary, you can determine if Hanover Foods' financials are consistent with your investment objective using the following steps:- Review Hanover Foods' balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
- Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
- Study the cash flow inflows and outflows to understand Hanover Foods' liquidity and solvency.
- Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
- Compare Hanover Foods' financials to those of its peers to see how it stacks up and identify any potential red flags.
- Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Hanover Foods' stock is overvalued or undervalued.
Hanover Foods Thematic Clasifications
Hanover Foods is part of several thematic ideas from Processed Foods to Natural Foods. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasHanover Foods November 30, 2023 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Hanover Foods help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Hanover Foods. We use our internally-developed statistical techniques to arrive at the intrinsic value of Hanover Foods based on widely used predictive technical indicators. In general, we focus on analyzing Hanover Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Hanover Foods's daily price indicators and compare them against related drivers.
| Information Ratio | 0.1218 | |||
| Maximum Drawdown | 18.69 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hanover Foods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Hanover Pink Sheet analysis
When running Hanover Foods' price analysis, check to measure Hanover Foods' 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 Hanover Foods is operating at the current time. Most of Hanover Foods' value examination focuses on studying past and present price action to predict the probability of Hanover Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hanover Foods' price. Additionally, you may evaluate how the addition of Hanover Foods to your portfolios can decrease your overall portfolio volatility.
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