El Al Israel Stock Gross Profit
| ELAL Stock | 509.00 18.00 3.67% |
El Al Israel fundamentals help investors to digest information that contributes to El Al's financial success or failures. It also enables traders to predict the movement of ELAL Stock. The fundamental analysis module provides a way to measure El Al'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 El Al stock.
ELAL |
El Al Israel Company Gross Profit Analysis
El Al's Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Current El Al Gross Profit | (103.31 M) |
Most of El Al's fundamental indicators, such as Gross Profit, 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, El Al Israel is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
| Competition |
According to the company disclosure, El Al Israel reported (103.31 Million) of gross profit. This is 102.55% lower than that of the Airlines sector and 102.05% lower than that of the Industrials industry. The gross profit for all Israel stocks is 100.38% higher than that of the company.
ELAL Gross Profit Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses El Al's direct or indirect competition against its Gross Profit to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of El Al could also be used in its relative valuation, which is a method of valuing El Al by comparing valuation metrics of similar companies.El Al is currently under evaluation in gross profit category among related companies.
ELAL Fundamentals
| Return On Equity | -14.84 | |||
| Return On Asset | -0.0035 | |||
| Profit Margin | (0.01) % | |||
| Operating Margin | (0.01) % | |||
| Current Valuation | 6.9 B | |||
| Shares Outstanding | 190 M | |||
| Shares Owned By Insiders | 53.24 % | |||
| Shares Owned By Institutions | 0.09 % | |||
| Price To Book | 0.56 X | |||
| Price To Sales | 0.37 X | |||
| Revenue | 857.17 M | |||
| Gross Profit | (103.31 M) | |||
| EBITDA | (83.17 M) | |||
| Net Income | (413.04 M) | |||
| Cash And Equivalents | 239.98 M | |||
| Cash Per Share | 0.48 X | |||
| Total Debt | 4.84 M | |||
| Debt To Equity | 879.10 % | |||
| Current Ratio | 0.41 X | |||
| Book Value Per Share | (1.93) X | |||
| Cash Flow From Operations | (557 K) | |||
| Earnings Per Share | (2.30) X | |||
| Target Price | 3.5 | |||
| Number Of Employees | 2.53 K | |||
| Beta | 0.29 | |||
| Market Capitalization | 722.55 M | |||
| Total Asset | 2.83 B | |||
| Retained Earnings | (237 M) | |||
| Working Capital | (427 M) | |||
| Current Asset | 461 M | |||
| Current Liabilities | 888 M | |||
| Z Score | 89.4 | |||
| Net Asset | 2.83 B |
About El Al Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze El Al Israel's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of El Al using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of El Al Israel 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.
Pair Trading with El Al
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 El Al 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 El Al will appreciate offsetting losses from the drop in the long position's value.Moving together with ELAL Stock
| 0.65 | SAFE | Safe T Group | PairCorr |
Moving against ELAL Stock
| 0.82 | FVT | Ai Conversation Systems | PairCorr |
| 0.53 | GIVO-L | GIVOT OLAM OIL | PairCorr |
The ability to find closely correlated positions to El Al could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace El Al 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 El Al - 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 El Al Israel to buy it.
The correlation of El Al 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 El Al moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if El Al Israel 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 El Al 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in El Al Israel. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for ELAL Stock analysis
When running El Al's price analysis, check to measure El Al'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 El Al is operating at the current time. Most of El Al's value examination focuses on studying past and present price action to predict the probability of El Al's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move El Al's price. Additionally, you may evaluate how the addition of El Al to your portfolios can decrease your overall portfolio volatility.
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