Ormat Technologies Current Valuation vs. Market Capitalization
| ORA Stock | 23,650 100.00 0.42% |
For Ormat Technologies profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Ormat Technologies to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Ormat Technologies utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Ormat Technologies's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Ormat Technologies over time as well as its relative position and ranking within its peers.
Ormat |
Ormat Technologies Market Capitalization vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Ormat Technologies's current stock value. Our valuation model uses many indicators to compare Ormat Technologies value to that of its competitors to determine the firm's financial worth. Ormat Technologies is rated top company in current valuation category among related companies. It is considered to be number one stock in market capitalization category among related companies creating about 0.78 of Market Capitalization per Current Valuation. The ratio of Current Valuation to Market Capitalization for Ormat Technologies is roughly 1.29 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Ormat Technologies by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Ormat Technologies' 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 Ormat Technologies' earnings, one of the primary drivers of an investment's value.Ormat Current Valuation vs. Competition
Ormat Technologies is rated top company in current valuation category among related companies. After adjusting for long-term liabilities, total market size of Utilities - Independent Power Producers industry is now estimated at about 125.47 Billion. Ormat Technologies retains roughly 23.51 Billion in current valuation claiming about 19% of Utilities - Independent Power Producers industry.
Ormat Market Capitalization vs. Current Valuation
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.
Ormat Technologies |
| = | 23.51 B |
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.
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Ormat Technologies |
| = | 18.27 B |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
Ormat Market Capitalization vs Competition
Ormat Technologies is considered to be number one stock in market capitalization category among related companies. Market capitalization of Utilities - Independent Power Producers industry is now estimated at about 124.45 Billion. Ormat Technologies retains roughly 18.27 Billion in market capitalization claiming about 15% of Utilities - Independent Power Producers industry.
Ormat Technologies Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Ormat Technologies, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Ormat Technologies will eventually generate negative long term returns. The profitability progress is the general direction of Ormat Technologies' change in net profit over the period of time. It can combine multiple indicators of Ormat Technologies, 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.
Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, New Zealand, and internationally. Ormat Technologies, Inc. was founded in 1965 and is based in Reno, Nevada. ORMAT TECHNOLOGIES operates under Utilities - Independent Power Producers classification in Israel and is traded on Tel Aviv Stock Exchange. It employs 1346 people.
Ormat Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Ormat Technologies. 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 Ormat Technologies 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 Ormat Technologies' important profitability drivers and their relationship over time.
Use Ormat Technologies 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 Ormat Technologies 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 Ormat Technologies will appreciate offsetting losses from the drop in the long position's value.Ormat Technologies Pair Trading
Ormat Technologies Pair Trading Analysis
The ability to find closely correlated positions to Ormat Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ormat Technologies 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 Ormat Technologies - 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 Ormat Technologies to buy it.
The correlation of Ormat Technologies 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 Ormat Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ormat Technologies 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 Ormat Technologies 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.Use Investing Themes to Complement your Ormat Technologies position
In addition to having Ormat Technologies 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?
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Check out Your Equity Center. For information on how to trade Ormat Stock refer to our How to Trade Ormat Stock guide.Note that the Ormat Technologies information on this page should be used as a complementary analysis to other Ormat Technologies' 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Ormat Stock analysis
When running Ormat Technologies' price analysis, check to measure Ormat Technologies' 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 Ormat Technologies is operating at the current time. Most of Ormat Technologies' value examination focuses on studying past and present price action to predict the probability of Ormat Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ormat Technologies' price. Additionally, you may evaluate how the addition of Ormat Technologies to your portfolios can decrease your overall portfolio volatility.
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To fully project Ormat Technologies' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Ormat Technologies 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 Ormat Technologies' income statement, its balance sheet, and the statement of cash flows.