Coda Octopus Group Stock Net Income
| CODA Stock | USD 6.90 0.34 5.18% |
Coda Octopus Group fundamentals help investors to digest information that contributes to Coda Octopus' financial success or failures. It also enables traders to predict the movement of Coda Stock. The fundamental analysis module provides a way to measure Coda Octopus' 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 Coda Octopus stock.
| Last Reported | Projected for Next Year | ||
| Net Income | 3.6 M | 3.8 M | |
| Net Income From Continuing Ops | 3.6 M | 3.5 M | |
| Net Income Applicable To Common Shares | 4.9 M | 3.7 M | |
| Net Income Per Share | 0.25 | 0.27 | |
| Net Income Per E B T | 1.05 | 1.12 |
Coda | Net Income |
Coda Octopus Group Company Net Income Analysis
Coda Octopus' Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Coda Octopus Net Income | 3.12 M |
Most of Coda Octopus' fundamental indicators, such as Net Income, 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, Coda Octopus Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Coda Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for Coda Octopus is extremely important. It helps to project a fair market value of Coda Stock properly, considering its historical fundamentals such as Net Income. Since Coda Octopus' 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 Coda Octopus' 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 Coda Octopus' interrelated accounts and indicators.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Coda Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
|
Based on the recorded statements, Coda Octopus Group reported net income of 3.12 M. This is 98.8% lower than that of the Electronic Equipment, Instruments & Components sector and 99.72% lower than that of the Information Technology industry. The net income for all United States stocks is 99.45% higher than that of the company.
Coda Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Coda Octopus' direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Coda Octopus could also be used in its relative valuation, which is a method of valuing Coda Octopus by comparing valuation metrics of similar companies.Coda Octopus is currently under evaluation in net income category among related companies.
Coda Octopus Current Valuation Drivers
We derive many important indicators used in calculating different scores of Coda Octopus from analyzing Coda Octopus' financial statements. These drivers represent accounts that assess Coda Octopus' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Coda Octopus' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 59.3M | 91.3M | 69.7M | 73.5M | 66.1M | 69.4M | |
| Enterprise Value | 44.7M | 73.7M | 46.8M | 49.0M | 44.1M | 26.1M |
Coda Octopus Institutional Holders
Institutional Holdings refers to the ownership stake in Coda Octopus that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Coda Octopus' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Coda Octopus' value.| Shares | Susquehanna International Group, Llp | 2023-12-31 | 26.6 K | Commonwealth Equity Services Inc | 2023-12-31 | 17.5 K | Royal Bank Of Canada | 2023-12-31 | 17.1 K | State Street Corporation | 2023-12-31 | 13 K | Buckingham Capital Management, Inc | 2023-12-31 | 10 K | Victory Capital Management Inc. | 2023-12-31 | 9.7 K | Byrne Asset Management Llc | 2023-12-31 | 4.1 K | Tower Research Capital Llc | 2023-12-31 | 2.4 K | Bnp Paribas Arbitrage, Sa | 2023-12-31 | 208 | Touchstone Capital, Inc. | 2023-12-31 | 595.4 K | Tocqueville Asset Management L.p. | 2023-12-31 | 588.9 K |
Coda Fundamentals
| Return On Equity | 0.0487 | ||||
| Return On Asset | 0.0235 | ||||
| Profit Margin | 0.13 % | ||||
| Operating Margin | 0.12 % | ||||
| Current Valuation | 48.28 M | ||||
| Shares Outstanding | 11.17 M | ||||
| Shares Owned By Insiders | 50.97 % | ||||
| Shares Owned By Institutions | 20.09 % | ||||
| Number Of Shares Shorted | 131.43 K | ||||
| Price To Earning | 23.37 X | ||||
| Price To Book | 1.37 X | ||||
| Price To Sales | 3.78 X | ||||
| Revenue | 19.35 M | ||||
| Gross Profit | 15.19 M | ||||
| EBITDA | 2.74 M | ||||
| Net Income | 3.12 M | ||||
| Cash And Equivalents | 21.47 M | ||||
| Cash Per Share | 1.98 X | ||||
| Total Debt | 193.34 K | ||||
| Debt To Equity | 0 % | ||||
| Current Ratio | 8.61 X | ||||
| Book Value Per Share | 4.49 X | ||||
| Cash Flow From Operations | 2.39 M | ||||
| Short Ratio | 6.95 X | ||||
| Earnings Per Share | 0.21 X | ||||
| Target Price | 7.5 | ||||
| Number Of Employees | 83 | ||||
| Beta | 0.93 | ||||
| Market Capitalization | 75.75 M | ||||
| Total Asset | 51.84 M | ||||
| Retained Earnings | (11.05 M) | ||||
| Working Capital | 37.61 M | ||||
| Current Asset | 17.58 M | ||||
| Current Liabilities | 3.62 M | ||||
| Net Asset | 51.84 M |
About Coda Octopus Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Coda Octopus Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Coda Octopus using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Coda Octopus Group 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 Coda Octopus 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, Coda Octopus' short interest history, or implied volatility extrapolated from Coda Octopus options trading.
Pair Trading with Coda Octopus
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 Coda Octopus 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 Coda Octopus will appreciate offsetting losses from the drop in the long position's value.Moving against Coda Stock
| 0.58 | TSAT | Telesat Corp | PairCorr |
| 0.53 | HLIT | Harmonic Earnings Call This Week | PairCorr |
| 0.53 | S | SentinelOne Financial Report 6th of June 2024 | PairCorr |
| 0.42 | ITI | Iteris Inc Financial Report 11th of June 2024 | PairCorr |
| 0.41 | CMTL | Comtech Telecommunicatio Buyout Trend | PairCorr |
The ability to find closely correlated positions to Coda Octopus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Coda Octopus 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 Coda Octopus - 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 Coda Octopus Group to buy it.
The correlation of Coda Octopus 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 Coda Octopus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Coda Octopus Group 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 Coda Octopus 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 Coda Octopus Piotroski F Score and Coda Octopus Altman Z Score analysis. Note that the Coda Octopus Group information on this page should be used as a complementary analysis to other Coda Octopus' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. 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 Coda Stock analysis
When running Coda Octopus' price analysis, check to measure Coda Octopus' 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 Coda Octopus is operating at the current time. Most of Coda Octopus' value examination focuses on studying past and present price action to predict the probability of Coda Octopus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coda Octopus' price. Additionally, you may evaluate how the addition of Coda Octopus to your portfolios can decrease your overall portfolio volatility.
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world |
Is Coda Octopus' 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 Coda Octopus. If investors know Coda 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 Coda Octopus 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 (0.53) | Earnings Share 0.21 | Revenue Per Share 1.63 | Quarterly Revenue Growth (0.20) | Return On Assets 0.0235 |
The market value of Coda Octopus Group is measured differently than its book value, which is the value of Coda that is recorded on the company's balance sheet. Investors also form their own opinion of Coda Octopus' value that differs from its market value or its book value, called intrinsic value, which is Coda Octopus' 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 Coda Octopus' market value can be influenced by many factors that don't directly affect Coda Octopus' 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 Coda Octopus' value and its price as these two are different measures arrived at by different means. Investors typically determine if Coda Octopus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coda Octopus' 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.