Hitech Development Wireless Stock EBITDA
| HDW-B Stock | SEK 0.01 0.0009 8.82% |
Hitech Development Wireless fundamentals help investors to digest information that contributes to Hitech Development's financial success or failures. It also enables traders to predict the movement of Hitech Stock. The fundamental analysis module provides a way to measure Hitech Development'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 Hitech Development stock.
Hitech |
Hitech Development Wireless Company EBITDA Analysis
Hitech Development's EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Current Hitech Development EBITDA | (22.36 M) |
Most of Hitech Development's fundamental indicators, such as EBITDA, 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, Hitech Development Wireless is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
| Competition |
According to the company disclosure, Hitech Development Wireless reported earnings before interest,tax, depreciation and amortization of (22.36 Million). This is 102.42% lower than that of the Technology sector and 102.96% lower than that of the Communication Equipment industry. The ebitda for all Sweden stocks is 100.57% higher than that of the company.
Hitech EBITDA Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Hitech Development's direct or indirect competition against its EBITDA to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Hitech Development could also be used in its relative valuation, which is a method of valuing Hitech Development by comparing valuation metrics of similar companies.Hitech Development is currently under evaluation in ebitda category among its peers.
Hitech Fundamentals
| Return On Equity | -0.97 | |||
| Return On Asset | -0.36 | |||
| Profit Margin | (1.72) % | |||
| Operating Margin | (1.66) % | |||
| Current Valuation | 73.57 M | |||
| Shares Outstanding | 277.18 M | |||
| Shares Owned By Insiders | 22.26 % | |||
| Shares Owned By Institutions | 2.44 % | |||
| Price To Book | 1.85 X | |||
| Price To Sales | 4.17 X | |||
| Revenue | 13.35 M | |||
| Gross Profit | 1.67 M | |||
| EBITDA | (22.36 M) | |||
| Net Income | (26.62 M) | |||
| Cash And Equivalents | 8.97 M | |||
| Cash Per Share | 0.06 X | |||
| Total Debt | 6.61 M | |||
| Debt To Equity | 0.05 % | |||
| Current Ratio | 0.71 X | |||
| Book Value Per Share | 0.12 X | |||
| Cash Flow From Operations | (29.23 M) | |||
| Earnings Per Share | (0.14) X | |||
| Target Price | 0.73 | |||
| Beta | 0.89 | |||
| Market Capitalization | 82.97 M | |||
| Total Asset | 70.1 M | |||
| Z Score | 7.2 | |||
| Net Asset | 70.1 M |
About Hitech Development Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Hitech Development Wireless's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hitech Development using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hitech Development Wireless 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 Hitech Development
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 Hitech Development 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 Hitech Development will appreciate offsetting losses from the drop in the long position's value.Moving against Hitech Stock
| 0.83 | ERIC-A | Telefonaktiebolaget | PairCorr |
| 0.8 | INVE-A | Investor AB ser | PairCorr |
| 0.8 | INVE-B | Investor AB ser | PairCorr |
| 0.78 | ATCO-A | Atlas Copco AB | PairCorr |
| 0.76 | ATCO-B | Atlas Copco AB | PairCorr |
The ability to find closely correlated positions to Hitech Development could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hitech Development 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 Hitech Development - 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 Hitech Development Wireless to buy it.
The correlation of Hitech Development 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 Hitech Development moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hitech Development 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 Hitech Development 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.Additional Tools for Hitech Stock Analysis
When running Hitech Development's price analysis, check to measure Hitech Development'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 Hitech Development is operating at the current time. Most of Hitech Development's value examination focuses on studying past and present price action to predict the probability of Hitech Development's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hitech Development's price. Additionally, you may evaluate how the addition of Hitech Development to your portfolios can decrease your overall portfolio volatility.