Elspec Revenue vs. Net Income

ELSPC Stock  ILA 590.00  24.50  3.99%   
Based on the measurements of profitability obtained from Elspec's financial statements, Elspec may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in April. Profitability indicators assess Elspec's ability to earn profits and add value for shareholders.
For Elspec profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Elspec to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Elspec utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Elspec's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Elspec over time as well as its relative position and ranking within its peers.
  
Check out Investing Opportunities.
Please note, there is a significant difference between Elspec's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elspec is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elspec'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.

Elspec Net Income vs. Revenue Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Elspec's current stock value. Our valuation model uses many indicators to compare Elspec value to that of its competitors to determine the firm's financial worth.
Elspec is rated as one of the top companies in revenue category among related companies. It is one of the top stocks in net income category among related companies making up about  0.07  of Net Income per Revenue. The ratio of Revenue to Net Income for Elspec is roughly  15.05 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Elspec by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Elspec's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Elspec's earnings, one of the primary drivers of an investment's value.

Elspec Revenue vs. Competition

Elspec is rated as one of the top companies in revenue category among related companies. Market size based on revenue of Industrials industry is currently estimated at about 49.74 Billion. Elspec adds roughly 64.39 Million in revenue claiming only tiny portion of equities under Industrials industry.

Elspec Net Income vs. Revenue

Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.

Elspec

Revenue

 = 

Money Received

-

Discounts and Returns

 = 
64.39 M
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
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.

Elspec

Net Income

 = 

(Rev + Gain)

-

(Exp + Loss)

 = 
4.28 M
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.

Elspec Net Income Comparison

Elspec is currently under evaluation in net income category among related companies.

Elspec Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Elspec, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Elspec will eventually generate negative long term returns. The profitability progress is the general direction of Elspec's change in net profit over the period of time. It can combine multiple indicators of Elspec, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Elspec Engineering Ltd develops, manufactures, and markets power quality solutions and services to the industrial, commercial, and utility sectors worldwide. The company was incorporated in 1988 and is headquartered in Caesarea, Israel. ELSPEC ENGINEERING operates under Electrical Equipment Parts classification in Israel and is traded on Tel Aviv Stock Exchange. It employs 3119 people.

Elspec Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Elspec. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Elspec position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Elspec's important profitability drivers and their relationship over time.

Use Elspec in pair-trading

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

Elspec Pair Trading

Elspec Pair Trading Analysis

The ability to find closely correlated positions to Elspec could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elspec 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 Elspec - 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 Elspec to buy it.
The correlation of Elspec 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 Elspec moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elspec 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 Elspec 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

Use Investing Themes to Complement your Elspec position

In addition to having Elspec in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Electronics Thematic Idea Now

Electronics
Electronics Theme
Companies manufacturing electronic appliances and goods. The Electronics theme has 39 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Electronics Theme or any other thematic opportunities.
View All  Next Launch
Check out Investing Opportunities.
Note that the Elspec information on this page should be used as a complementary analysis to other Elspec's 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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

Complementary Tools for Elspec Stock analysis

When running Elspec's price analysis, check to measure Elspec'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 Elspec is operating at the current time. Most of Elspec's value examination focuses on studying past and present price action to predict the probability of Elspec's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elspec's price. Additionally, you may evaluate how the addition of Elspec to your portfolios can decrease your overall portfolio volatility.
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Transaction History
View history of all your transactions and understand their impact on performance
Global Correlations
Find global opportunities by holding instruments from different markets
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Piotroski F Score
Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Bonds Directory
Find actively traded corporate debentures issued by US companies
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
To fully project Elspec's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Elspec at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Elspec's income statement, its balance sheet, and the statement of cash flows.
Potential Elspec investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Elspec investors may work on each financial statement separately, they are all related. The changes in Elspec's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Elspec's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.