InTest Profitability Analysis
| INTT Stock | USD 14.14 0.73 4.91% |
InTest Revenues |
|
InTest |
Is InTest'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 InTest. If investors know InTest 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 InTest listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.208 | Earnings Share 1.02 | Revenue Per Share 11.76 | Quarterly Revenue Growth 0.101 | Return On Assets 0.0735 |
The market value of InTest is measured differently than its book value, which is the value of InTest that is recorded on the company's balance sheet. Investors also form their own opinion of InTest's value that differs from its market value or its book value, called intrinsic value, which is InTest'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 InTest's market value can be influenced by many factors that don't directly affect InTest'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 InTest's value and its price as these two are different measures arrived at by different means. Investors typically determine if InTest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, InTest'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.
InTest Total Debt vs. Current Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining InTest's current stock value. Our valuation model uses many indicators to compare InTest value to that of its competitors to determine the firm's financial worth. InTest is rated below average in current asset category among related companies. It is rated fifth overall in total debt category among related companies making up about 0.61 of Total Debt per Current Asset. The ratio of Current Asset to Total Debt for InTest is roughly 1.64 . InTest Total Debt is comparatively stable at the moment as compared to the past year. InTest reported Total Debt of 22.49 Million in 2022. Comparative valuation analysis is a catch-all model that can be used if you cannot value InTest by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for InTest'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 InTest's earnings, one of the primary drivers of an investment's value.InTest Total Debt vs. Current Asset
Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
InTest |
| = | 36.86 M |
Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
InTest |
| = | 22.49 M |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
InTest Total Debt vs Competition
InTest is rated fifth overall in total debt category among related companies. Total debt of Information Technology industry is currently estimated at about 6.76 Billion. InTest adds roughly 22.49 Million in total debt claiming only tiny portion of equities under Information Technology industry.
InTest Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in InTest, profitability is also one of the essential criteria for including it into their portfolios because, without profit, InTest will eventually generate negative long term returns. The profitability progress is the general direction of InTest's change in net profit over the period of time. It can combine multiple indicators of InTest, 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 2023 | ||
| Accumulated Other Comprehensive Income | 218 K | 223.7 K | |
| Consolidated Income | 8.5 M | 9.1 M | |
| Net Income | 8.5 M | 9.1 M | |
| Net Income Common Stock | 8.5 M | 9.1 M | |
| Operating Income | 10.7 M | 8.9 M | |
| Income Tax Expense | 1.7 M | 1.4 M | |
| Net Income Per Employee | 24.5 K | 26.8 K |
InTest Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on InTest. 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 InTest 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 InTest's important profitability drivers and their relationship over time.
InTest Profitability Trends
InTest profitability trend refers to the progression of profit or loss within a business. An upward trend means that InTest's profit has generally increased over time, and a downward profitability trend means profits are declining. Recognizing problems early in profitability trends allows investors to address revenue and cost issues in advance. Investors and analysts usually monitor three types of profitability trends: gross, operating, and net. Gross profit is the difference between revenue and costs of goods sold. Operating profit is InTest's gross profit minus its overhead. After you account for other unusual revenue, expenses, and costs, you get net profit. Gross profit trends are often a good indicator of future profitability. If you have high gross profit margins, you have a better chance to cover overhead and make money.
InTest Profitability Drivers Correlations
One of the toughest challenges investors face today is learning how to quickly synthesize and read into endless financial statements and information provided by the company, SEC reporting, and various external parties. Understanding the correlation between InTest different financial indicators related to revenue and profit generation helps investors identify and prioritize their investing strategies towards InTest in a much-optimized way. Analyzing correlations between profit drivers that are directly associated with dollar figures is the most effective way to break down InTest's future profitability.
Click cells to compare fundamentals
Use InTest 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 InTest 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 InTest will appreciate offsetting losses from the drop in the long position's value.InTest Pair Trading
InTest Pair Trading Analysis
The ability to find closely correlated positions to InTest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace InTest 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 InTest - 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 InTest to buy it.
The correlation of InTest is a statistical measure of how it moves in relation to other equities. 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 InTest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if InTest 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 InTest 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 InTest position
In addition to having InTest 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 Agriculture Thematic Idea Now
Agriculture
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Agriculture theme has 26 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 Agriculture Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Risk vs Return Analysis. For more information on how to buy InTest Stock please use our How to Invest in InTest guide. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for InTest Stock analysis
When running InTest's price analysis, check to measure InTest'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 InTest is operating at the current time. Most of InTest's value examination focuses on studying past and present price action to predict the probability of InTest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move InTest's price. Additionally, you may evaluate how the addition of InTest to your portfolios can decrease your overall portfolio volatility.
| Fund Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| CEO Directory Screen CEOs from public companies around the world | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| 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 | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins |
To fully project InTest's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of InTest 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 InTest's income statement, its balance sheet, and the statement of cash flows.