if Encore Wire is a good investment. It is also essential in determining the company's creditworthiness and ability to secure financing before investing in Encore Wire stock.The net worth of Encore Wire is the difference between its total assets and liabilities. Encore Wire's net worth represents the value of the company's equity or ownership interest. In other words, it is the amount of money that would be left over if all of Encore Wire's assets were sold and all of its debts were paid off. Net worth is sometimes referred to as shareholder's equity or book value. Encore Wire's net worth can be used as a measure of its financial health and stability which can help investors to decide
Encore Wire Net Worth Analysis
Encore Wire's net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including Encore Wire's financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of Encore Wire's overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform Encore Wire's net worth analysis. One common approach is to calculate Encore Wire's market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares Encore Wire's stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing Encore Wire's net worth. This approach calculates the present value of Encore Wire's future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of Encore Wire's cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate Encore Wire's net worth. This involves comparing Encore Wire's financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into Encore Wire's net worth relative to its peers.
To determine if Encore Wire is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Encore Wire's net worth research are outlined below:
Encore Wire uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Encore Wire. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Encore Wire's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Encore Wire Target Price Consensus
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Encore target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Encore Wire's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
Encore Wire Target Price ProjectionEncore Wire's current and average target prices are 224.53 and 238.67, respectively. The current price of Encore Wire is the price at which Encore Wire is currently trading. On the other hand, Encore Wire's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.
Encore Wire Market Quote on 26th of February 2024
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Encore Wire and the information provided on this page.
Analyst Consensus On Encore Wire Target Price
Know Encore Wire's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Encore Wire is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Encore Wire backward and forwards among themselves. Encore Wire's institutional investor refers to the entity that pools money to purchase Encore Wire's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.Note, although Encore Wire's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.
Follow Encore Wire's market capitalization trendsThe company currently falls under 'Mid-Cap' category with a current market capitalization of 3.47 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Encore Wire's market, we take the total number of its shares issued and multiply it by Encore Wire's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.
Project Encore Wire's profitablity
Encore Wire's profitability indicators refer to fundamental financial ratios that showcase Encore Wire's ability to generate income relative to its revenue or operating costs. If, let's say, Encore Wire is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Encore Wire's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Encore Wire's profitability requires more research than a typical breakdown of Encore Wire's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.The company has Profit Margin (PM) of 0.14 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.13 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.13.
When accessing Encore Wire's net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures Encore Wire's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Encore Wire's profitability and make more informed investment decisions.
The data published in Encore Wire's official financial statements usually reflect Encore Wire's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Encore Wire. For example, before you start analyzing numbers published by Encore accountants, it's critical to develop an understanding of what Encore Wire's liquidity, profitability, and earnings quality are in the context of the Electrical Equipment space in which it operates.
Please note, the presentation of Encore Wire's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Encore Wire's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Encore Wire's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Encore Wire. Please utilize our Beneish M Score to check the likelihood of Encore Wire's management manipulating its earnings.
Evaluate Encore Wire's management efficiencyEncore Wire has return on total asset (ROA) of 0.1415 % which means that it generated a profit of $0.1415 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.2089 %, meaning that it created $0.2089 on every $100 dollars invested by stockholders. Encore Wire's management efficiency ratios could be used to measure how well Encore Wire manages its routine affairs as well as how well it operates its assets and liabilities. At present, Encore Wire's Return on Average Assets are projected to increase slightly based on the last few years of reporting. The current year's Return on Average Equity is expected to grow to 0.21, whereas Return on Invested Capital is forecasted to decline to 0.38. At present, Encore Wire's Revenue to Assets are projected to slightly decrease based on the last few years of reporting. The current year's Total Assets Per Share is expected to grow to 108.07, whereas Current Assets are forecasted to decline to about 1 B.
The analysis of Encore Wire's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Encore Wire's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Encore Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
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Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Encore Wire insiders, such as employees or executives, is commonly permitted as long as it does not rely on Encore Wire's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Encore Wire insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.Encore Wire time-series forecasting models is one of many Encore Wire's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Encore Wire's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.