MRC Global Price To Earning vs. Market Capitalization
| MRC Stock | USD 11.59 0.08 0.70% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.14 | 0.2022 |
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For MRC Global profitability analysis, we use financial ratios and fundamental drivers that measure the ability of MRC Global to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well MRC Global utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between MRC Global's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of MRC Global over time as well as its relative position and ranking within its peers.
MRC |
Is MRC Global'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 MRC Global. If investors know MRC 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 MRC Global 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 (0.05) | Earnings Share 1.05 | Revenue Per Share 40.523 | Quarterly Revenue Growth (0.12) | Return On Assets 0.0618 |
The market value of MRC Global is measured differently than its book value, which is the value of MRC that is recorded on the company's balance sheet. Investors also form their own opinion of MRC Global's value that differs from its market value or its book value, called intrinsic value, which is MRC Global'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 MRC Global's market value can be influenced by many factors that don't directly affect MRC Global'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 MRC Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if MRC Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MRC Global'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.
MRC Global Market Capitalization vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining MRC Global's current stock value. Our valuation model uses many indicators to compare MRC Global value to that of its competitors to determine the firm's financial worth. MRC Global is considered to be number one stock in price to earning category among related companies. It is considered to be number one stock in market capitalization category among related companies creating about 26,278,916 of Market Capitalization per Price To Earning. At present, MRC Global's Market Cap is projected to increase significantly based on the last few years of reporting.Comparative valuation analysis is a catch-all model that can be used if you cannot value MRC Global by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for MRC Global'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 MRC Global's earnings, one of the primary drivers of an investment's value.MRC Market Capitalization vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
MRC Global |
| = | 37.32 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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.
MRC Global |
| = | 980.73 M |
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.
MRC Market Capitalization vs Competition
MRC Global is considered to be number one stock in market capitalization category among related companies. Market capitalization of Industrials industry is now estimated at about 19.61 Billion. MRC Global holds roughly 980.73 Million in market capitalization claiming about 5% of equities under Industrials industry.
MRC Global Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in MRC Global, profitability is also one of the essential criteria for including it into their portfolios because, without profit, MRC Global will eventually generate negative long term returns. The profitability progress is the general direction of MRC Global's change in net profit over the period of time. It can combine multiple indicators of MRC Global, 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 | -228 M | -239.4 M | |
| Operating Income | 187 M | 196.3 M | |
| Income Before Tax | 153 M | 160.7 M | |
| Net Income Applicable To Common Shares | 45.9 M | 48.2 M | |
| Net Income | 114 M | 119.7 M | |
| Income Tax Expense | 39 M | 41 M | |
| Total Other Income Expense Net | -34 M | -35.7 M | |
| Net Income From Continuing Ops | 114 M | 119.7 M | |
| Non Operating Income Net Other | -6.9 M | -7.2 M | |
| Interest Income | 21.6 M | 26.7 M | |
| Net Interest Income | -32 M | -33.6 M | |
| Change To Netincome | 86.2 M | 64.1 M | |
| Net Income Per Share | 1.35 | 1.42 | |
| Income Quality | 1.59 | 1.67 | |
| Net Income Per E B T | 0.75 | 1.05 |
MRC Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on MRC Global. 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 MRC Global 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 MRC Global's important profitability drivers and their relationship over time.
Use MRC Global 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 MRC Global 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 MRC Global will appreciate offsetting losses from the drop in the long position's value.MRC Global Pair Trading
MRC Global Pair Trading Analysis
The ability to find closely correlated positions to MRC Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MRC Global 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 MRC Global - 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 MRC Global to buy it.
The correlation of MRC Global 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 MRC Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MRC Global 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 MRC Global 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 MRC Global position
In addition to having MRC Global 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 Consumption Thematic Idea Now
Consumption
Companies that deliver final goods such as cars or clothing for consumption by consumers. The Consumption theme has 18 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 Consumption Theme or any other thematic opportunities.
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Check out Correlation Analysis. For information on how to trade MRC Stock refer to our How to Trade MRC Stock guide.You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for MRC Stock analysis
When running MRC Global's price analysis, check to measure MRC Global'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 MRC Global is operating at the current time. Most of MRC Global's value examination focuses on studying past and present price action to predict the probability of MRC Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MRC Global's price. Additionally, you may evaluate how the addition of MRC Global to your portfolios can decrease your overall portfolio volatility.
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To fully project MRC Global's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of MRC Global 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 MRC Global's income statement, its balance sheet, and the statement of cash flows.