Elco Stock Current Valuation

ELCO Stock  ILS 12,900  300.00  2.38%   
Valuation analysis of Elco helps investors to measure Elco's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
Overvalued
Today
12,900
Please note that Elco's price fluctuation is very steady at this time. Calculation of the real value of Elco is based on 3 months time horizon. Increasing Elco's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Our valuation method for Elco is useful when determining the fair value of the Elco stock, which is usually determined by what a typical buyer is willing to pay for full or partial control of Elco. Since Elco is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Elco Stock. However, Elco's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
Historical Market  12900.0 Real  10718.4 Hype  12900.0 Naive  12520.48
The real value of Elco Stock, also known as its intrinsic value, is the underlying worth of Elco Company, which is reflected in its stock price. It is based on Elco's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Elco's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Elco's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
10,716
Downside
10,718
Real Value
14,190
Upside
Estimating the potential upside or downside of Elco helps investors to forecast how Elco stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Elco more accurately as focusing exclusively on Elco's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
12,51212,81013,108
Details
Hype
Prediction
LowEstimatedHigh
12,89812,90012,902
Details
Naive
Forecast
LowNext ValueHigh
12,51812,52012,523
Details

Elco Current Valuation Analysis

Elco's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.

Enterprise Value

 = 

Market Cap + Debt

-

Cash

More About Current Valuation | All Equity Analysis

Current Elco Current Valuation

    
  12.9 B  
Most of Elco's fundamental indicators, such as Current Valuation, 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, Elco is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Competition

In accordance with the recently published financial statements, Elco has a Current Valuation of 12.9 B. This is 77.13% higher than that of the Construction & Engineering sector and 291.85% higher than that of the Industrials industry. The current valuation for all Israel stocks is 22.4% higher than that of the company.

Elco Current Valuation Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Elco's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Elco could also be used in its relative valuation, which is a method of valuing Elco by comparing valuation metrics of similar companies.
Elco is currently under evaluation in current valuation category among related companies.

Elco Fundamentals

About Elco Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Elco's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Elco using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Elco 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.
Elco Ltd., together with its subsidiaries, operates in the construction, infrastructure, consumer electronics, telecommunications, entertainment, and real estate sectors in Israel and internationally. Elco Ltd. was founded in 1949 and is based in Tel Aviv, Israel. ELCO LTD operates under Conglomerates classification in Israel and is traded on Tel Aviv Stock Exchange.

Pair Trading with Elco

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 Elco 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 Elco will appreciate offsetting losses from the drop in the long position's value.

Moving together with Elco Stock

  0.72LUMI Bank Leumi Le-IsraelPairCorr
  0.62DSCT Israel Discount BankPairCorr
  0.65MGDL Migdal InsurancePairCorr
The ability to find closely correlated positions to Elco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elco 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 Elco - 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 Elco to buy it.
The correlation of Elco 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 Elco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elco 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 Elco 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.
Pair CorrelationCorrelation Matching
Check out Elco Piotroski F Score and Elco Altman Z Score analysis.
You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

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When running Elco's price analysis, check to measure Elco'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 Elco is operating at the current time. Most of Elco's value examination focuses on studying past and present price action to predict the probability of Elco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elco's price. Additionally, you may evaluate how the addition of Elco to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Elco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elco'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.