Core Molding Technologies Stock Current Ratio
| CMT Stock | USD 19.06 0.48 2.46% |
Core Molding Technologies fundamentals help investors to digest information that contributes to Core Molding's financial success or failures. It also enables traders to predict the movement of Core Stock. The fundamental analysis module provides a way to measure Core Molding'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 Core Molding stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 2.23 | 2.10 |
Core | Current Ratio |
Core Molding Technologies Company Current Ratio Analysis
Core Molding's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Core Molding Current Ratio | 1.42 X |
Most of Core Molding's fundamental indicators, such as Current Ratio, 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, Core Molding Technologies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Core Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Core Molding is extremely important. It helps to project a fair market value of Core Stock properly, considering its historical fundamentals such as Current Ratio. Since Core Molding'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 Core Molding'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 Core Molding's interrelated accounts and indicators.
Click cells to compare fundamentals
Core Current Ratio Historical Pattern
Today, most investors in Core Molding Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Core Molding's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Core Molding current ratio as a starting point in their analysis.
Core Molding Current Ratio |
| Timeline |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
Core Price To Sales Ratio
Price To Sales Ratio |
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In accordance with the recently published financial statements, Core Molding Technologies has a Current Ratio of 1.42 times. This is 62.92% lower than that of the Chemicals sector and 62.43% lower than that of the Materials industry. The current ratio for all United States stocks is 34.26% higher than that of the company.
Core Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Core Molding's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Core Molding could also be used in its relative valuation, which is a method of valuing Core Molding by comparing valuation metrics of similar companies.Core Molding is currently under evaluation in current ratio category among related companies.
Core Fundamentals
| Return On Equity | 0.16 | |||
| Return On Asset | 0.082 | |||
| Profit Margin | 0.06 % | |||
| Operating Margin | 0.03 % | |||
| Current Valuation | 171.4 M | |||
| Shares Outstanding | 9.15 M | |||
| Shares Owned By Insiders | 13.89 % | |||
| Shares Owned By Institutions | 60.58 % | |||
| Number Of Shares Shorted | 362.33 K | |||
| Price To Earning | 11.19 X | |||
| Price To Book | 1.15 X | |||
| Price To Sales | 0.44 X | |||
| Revenue | 357.74 M | |||
| Gross Profit | 52.4 M | |||
| EBITDA | 37.43 M | |||
| Net Income | 20.24 M | |||
| Cash And Equivalents | 4.18 M | |||
| Cash Per Share | 0.01 X | |||
| Total Debt | 26.8 M | |||
| Debt To Equity | 0.33 % | |||
| Current Ratio | 1.42 X | |||
| Book Value Per Share | 16.05 X | |||
| Cash Flow From Operations | 34.84 M | |||
| Short Ratio | 6.76 X | |||
| Earnings Per Share | 2.31 X | |||
| Target Price | 25.5 | |||
| Number Of Employees | 1.86 K | |||
| Beta | 1.66 | |||
| Market Capitalization | 178.78 M | |||
| Total Asset | 213.38 M | |||
| Retained Earnings | 122.07 M | |||
| Working Capital | 56.69 M | |||
| Current Asset | 62.68 M | |||
| Current Liabilities | 31.15 M | |||
| Net Asset | 213.38 M |
About Core Molding Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Core Molding Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Core Molding using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Core Molding Technologies 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 Core Molding 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, Core Molding's short interest history, or implied volatility extrapolated from Core Molding options trading.
Pair Trading with Core Molding
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 Core Molding 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 Core Molding will appreciate offsetting losses from the drop in the long position's value.Moving together with Core Stock
| 0.61 | DNMR | Danimer Scientific Financial Report 8th of May 2024 | PairCorr |
Moving against Core Stock
| 0.56 | CC | Chemours Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Core Molding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Core Molding 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 Core Molding - 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 Core Molding Technologies to buy it.
The correlation of Core Molding 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 Core Molding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Core Molding Technologies 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 Core Molding 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 Core Molding Piotroski F Score and Core Molding Altman Z Score analysis. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for Core Stock analysis
When running Core Molding's price analysis, check to measure Core Molding'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 Core Molding is operating at the current time. Most of Core Molding's value examination focuses on studying past and present price action to predict the probability of Core Molding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Core Molding's price. Additionally, you may evaluate how the addition of Core Molding to your portfolios can decrease your overall portfolio volatility.
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Is Core Molding'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 Core Molding. If investors know Core 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 Core Molding 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 (0.57) | Earnings Share 2.31 | Revenue Per Share 41.841 | Quarterly Revenue Growth (0.15) | Return On Assets 0.082 |
The market value of Core Molding Technologies is measured differently than its book value, which is the value of Core that is recorded on the company's balance sheet. Investors also form their own opinion of Core Molding's value that differs from its market value or its book value, called intrinsic value, which is Core Molding'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 Core Molding's market value can be influenced by many factors that don't directly affect Core Molding'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 Core Molding's value and its price as these two are different measures arrived at by different means. Investors typically determine if Core Molding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Core Molding'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.