Cango Inc Stock Price To Book
| CANG Stock | USD 1.43 0.01 0.69% |
Cango Inc fundamentals help investors to digest information that contributes to Cango's financial success or failures. It also enables traders to predict the movement of Cango Stock. The fundamental analysis module provides a way to measure Cango's 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 Cango stock.
The Cango's current Price To Book Ratio is estimated to increase to 0.24. Cango | Price To Book |
Cango Inc Company Price To Book Analysis
Cango's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current Cango Price To Book | 0.36 X |
Most of Cango's fundamental indicators, such as Price To Book, 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, Cango Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Cango Price To Book Driver Correlations
Understanding the fundamental principles of building solid financial models for Cango is extremely important. It helps to project a fair market value of Cango Stock properly, considering its historical fundamentals such as Price To Book. Since Cango's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Cango's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Cango's interrelated accounts and indicators.
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Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
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Cango Book Value Per Share
Book Value Per Share |
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Based on the latest financial disclosure, Cango Inc has a Price To Book of 0.3598 times. This is 94.43% lower than that of the Internet & Direct Marketing Retail sector and 86.47% lower than that of the Consumer Discretionary industry. The price to book for all United States stocks is 96.22% higher than that of the company.
Cango Price To Book Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Cango's direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Cango could also be used in its relative valuation, which is a method of valuing Cango by comparing valuation metrics of similar companies.Cango is currently under evaluation in price to book category among related companies.
Cango Current Valuation Drivers
We derive many important indicators used in calculating different scores of Cango from analyzing Cango's financial statements. These drivers represent accounts that assess Cango's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Cango's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 9.6B | 6.9B | 2.9B | 1.2B | 856.8M | 814.0M | |
| Enterprise Value | 10.2B | 8.0B | 3.5B | 1.9B | (80.9M) | (76.8M) |
Cango Fundamentals
| Return On Equity | -0.0093 | ||||
| Return On Asset | 0.0108 | ||||
| Profit Margin | (0.02) % | ||||
| Operating Margin | (0.05) % | ||||
| Current Valuation | (1.27 B) | ||||
| Shares Outstanding | 104.36 M | ||||
| Shares Owned By Insiders | 19.30 % | ||||
| Shares Owned By Institutions | 19.00 % | ||||
| Number Of Shares Shorted | 32.22 K | ||||
| Price To Earning | 0.48 X | ||||
| Price To Book | 0.36 X | ||||
| Price To Sales | 0.12 X | ||||
| Revenue | 1.7 B | ||||
| Gross Profit | (169 M) | ||||
| EBITDA | 106.02 M | ||||
| Net Income | (37.87 M) | ||||
| Cash And Equivalents | 3.4 B | ||||
| Cash Per Share | 24.68 X | ||||
| Total Debt | 82.94 M | ||||
| Debt To Equity | 0.23 % | ||||
| Current Ratio | 2.55 X | ||||
| Book Value Per Share | 35.05 X | ||||
| Cash Flow From Operations | 1.03 B | ||||
| Short Ratio | 1.07 X | ||||
| Earnings Per Share | (0.05) X | ||||
| Price To Earnings To Growth | (6.72) X | ||||
| Target Price | 3.05 | ||||
| Number Of Employees | 632 | ||||
| Beta | 0.78 | ||||
| Market Capitalization | 149.24 M | ||||
| Total Asset | 4.65 B | ||||
| Retained Earnings | (335.63 M) | ||||
| Working Capital | 3.11 B | ||||
| Current Asset | 594.27 M | ||||
| Current Liabilities | 419.64 M | ||||
| Net Asset | 4.65 B |
About Cango Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Cango Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Cango using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Cango Inc 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cango in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cango's short interest history, or implied volatility extrapolated from Cango options trading.
Pair Trading with Cango
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 Cango 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 Cango will appreciate offsetting losses from the drop in the long position's value.Moving against Cango Stock
| 0.71 | VRM | Vroom Inc Financial Report 14th of May 2024 | PairCorr |
| 0.55 | AAN | Aarons | PairCorr |
| 0.48 | KXIN | Kaixin Auto Holdings Report 21st of May 2024 | PairCorr |
| 0.43 | SDA | SunCar Technology Symbol Change | PairCorr |
The ability to find closely correlated positions to Cango could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cango 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 Cango - 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 Cango Inc to buy it.
The correlation of Cango 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 Cango moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cango Inc 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 Cango 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 Cango Piotroski F Score and Cango Altman Z Score analysis. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Cango Stock analysis
When running Cango's price analysis, check to measure Cango'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 Cango is operating at the current time. Most of Cango's value examination focuses on studying past and present price action to predict the probability of Cango's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cango's price. Additionally, you may evaluate how the addition of Cango to your portfolios can decrease your overall portfolio volatility.
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Is Cango'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 Cango. If investors know Cango 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 Cango 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 (0.92) | Earnings Share (0.05) | Revenue Per Share 14.005 | Quarterly Revenue Growth (0.73) | Return On Assets 0.0108 |
The market value of Cango Inc is measured differently than its book value, which is the value of Cango that is recorded on the company's balance sheet. Investors also form their own opinion of Cango's value that differs from its market value or its book value, called intrinsic value, which is Cango'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 Cango's market value can be influenced by many factors that don't directly affect Cango'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 Cango's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cango is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cango'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.