ESS Tech Return On Equity vs. Shares Outstanding
| GWH Stock | USD 0.75 0.01 1.32% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter (0.42) | Current Value (0.44) | Quarterly Volatility 0.54428 |
For ESS Tech profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ESS Tech to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ESS Tech utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ESS Tech's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ESS Tech over time as well as its relative position and ranking within its peers.
ESS |
Is ESS Tech's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ESS Tech. If investors know ESS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ESS Tech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.48) | Revenue Per Share 0.047 | Quarterly Revenue Growth 173.75 | Return On Assets (0.34) | Return On Equity (0.65) |
The market value of ESS Tech is measured differently than its book value, which is the value of ESS that is recorded on the company's balance sheet. Investors also form their own opinion of ESS Tech's value that differs from its market value or its book value, called intrinsic value, which is ESS Tech's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ESS Tech's market value can be influenced by many factors that don't directly affect ESS Tech's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ESS Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if ESS Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ESS Tech'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.
ESS Tech Shares Outstanding vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining ESS Tech's current stock value. Our valuation model uses many indicators to compare ESS Tech value to that of its competitors to determine the firm's financial worth. ESS Tech is rated # 2 in return on equity category among related companies. It is one of the top stocks in shares outstanding category among related companies . As of now, ESS Tech's Return On Equity is increasing as compared to previous years.Comparative valuation analysis is a catch-all model that can be used if you cannot value ESS Tech by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for ESS Tech'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 ESS Tech's earnings, one of the primary drivers of an investment's value.ESS Shares Outstanding vs. Return On Equity
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
ESS Tech |
| = | -0.65 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
ESS Tech |
| = | 174.9 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
ESS Shares Outstanding Comparison
ESS Tech is currently under evaluation in shares outstanding category among related companies.
ESS Tech Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in ESS Tech, profitability is also one of the essential criteria for including it into their portfolios because, without profit, ESS Tech will eventually generate negative long term returns. The profitability progress is the general direction of ESS Tech's change in net profit over the period of time. It can combine multiple indicators of ESS Tech, 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.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -23.6 M | -24.8 M | |
| Interest Income | 5.3 M | 5 M | |
| Operating Income | -85.9 M | -90.2 M | |
| Income Before Tax | -86.5 M | -90.8 M | |
| Total Other Income Expense Net | 6.8 M | 7.1 M | |
| Net Loss | -70.2 M | -73.7 M | |
| Net Loss | -77.6 M | -81.5 M | |
| Net Interest Income | 4.9 M | 5.2 M | |
| Net Loss | -86.5 M | -90.8 M | |
| Income Tax Expense | -24.8 M | -26 M | |
| Non Operating Income Net Other | 29.1 M | 30.6 M | |
| Change To Netincome | -15.5 M | -14.7 M | |
| Net Loss | (0.70) | (0.73) | |
| Income Quality | 0.71 | 0.48 | |
| Net Income Per E B T | 0.74 | 0.86 |
ESS Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on ESS Tech. 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 ESS Tech 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 ESS Tech's important profitability drivers and their relationship over time.
Use ESS Tech 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 ESS Tech 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 ESS Tech will appreciate offsetting losses from the drop in the long position's value.ESS Tech Pair Trading
ESS Tech Pair Trading Analysis
The ability to find closely correlated positions to ESS Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ESS Tech 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 ESS Tech - 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 ESS Tech to buy it.
The correlation of ESS Tech 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 ESS Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ESS Tech 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 ESS Tech 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 ESS Tech position
In addition to having ESS Tech 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 Conservative Funds Thematic Idea Now
Conservative Funds
Funds or Etfs that invest using buy-and-hold investment strategy in companies with consistent growth over many years of operation. The Conservative Funds theme has 40 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 Conservative Funds Theme or any other thematic opportunities.
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Check out Risk vs Return Analysis. For more detail on how to invest in ESS Stock please use our How to Invest in ESS Tech guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for ESS Stock analysis
When running ESS Tech's price analysis, check to measure ESS Tech'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 ESS Tech is operating at the current time. Most of ESS Tech's value examination focuses on studying past and present price action to predict the probability of ESS Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ESS Tech's price. Additionally, you may evaluate how the addition of ESS Tech to your portfolios can decrease your overall portfolio volatility.
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To fully project ESS Tech's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of ESS Tech 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 ESS Tech's income statement, its balance sheet, and the statement of cash flows.