The Q.i. Value ranks companies using four ratios. These ratios consist of EBITDA Yield, FCF Yield, Liquidity, and Earnings Yield. The purpose of the Q.i. Value is to assist identify companies that are the most undervalued. Typically, the lower the value, the more undervalued the enterprise tends to be. Metcash Limited (ASX:MTS) at present has a Q.i. Value of 9.00000.
Most people highly dislike losing. This is no nonstandard for individuals trading the equity market. Successful traders tend to be highly adept at managing uncertainty and creating comprehensive trading plans. Consistently beating the market is no easy task. Many traders and investors will spend countless hours trying to figure it all out. Some people will continue to do their diligence work and put in the necessary time and effort. Others may burn out hot and fast wondering what happened. Markets can be cruel, and being prepared for various scenarios can assist the trader better manage the trading seas when markets become rocky.
We can now take a quick peek at some historical equity price index data. Metcash Limited (ASX:MTS) at present has a 10 month price index of 0.89490. The price index is determined by dividing the current equity price by the equity price ten months ago. A ratio over one suggests an boost in equity price over the duration. A ratio lower than one indicates that the price has decreased over that time duration.
Looking at some nonstandard time periods, the 12 month price index is 1.00702, the 24 month is 1.50646, and the 36 month is 2.20000. Narrowing in a bit closer, the 5 month price index is 0.98596, the 3 month is 0.96479, and the 1 month is at present 0.93515.
Metcash Limited (ASX:MTS) has a current ERP5 Rank of 1042. The ERP5 Rank may aid investors with spotting companies that are undervalued. This ranking uses four ratios. These ratios are Earnings Yield, ROIC, Price to Book, and 5 year average ROIC. When viewing at the ERP5 ranking, it is generally considered the lower the value, the better.
Checking in on some valuation rankings, Metcash Limited (ASX:MTS) has a Value Composite score of 25. Developed by James O’Shaughnessy, the VC score uses five valuation ratios. These ratios are price to earnings, price to cash flow, EBITDA to EV, price to book value, and price to sales. The VC is displayed as a number between 1 and 100. In general, a enterprise with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued enterprise. Adding a sixth ratio, shareholder yield, we can view the Value Composite 2 score which is at present sitting at 19.
Watching some historical volatility numbers on shares of Metcash Limited (ASX:MTS), we can see that the 12 month volatility is at present 37.768100. The 6 month volatility is 42.959500, and the 3 month is spotted at 36.140100. Following volatility data can assist quantify how much the equity price has fluctuated over the specified time duration. Although past volatility action may assist project future stock volatility, it may also be vastly nonstandard when taking into account nonstandard factors that may be driving price action during the measured time duration.
Current Ratio
The Current Ratio of Metcash Limited (ASX:MTS) is 1.18. The Current Ratio is used by investors to understand whether a enterprise can pay short term and long term debts. The current ratio looks at all the liquid and non-liquid assets compared to the enterprise’s total current liabilities. A high current ratio suggests that the enterprise might have trouble managing their working capital. A low current ratio (when the current liabilities are higher than the current assets) suggests that the enterprise may have trouble paying their short term obligations.
Gross Margin Score
The Gross Margin Score is determined by viewing at the Gross Margin and the overall stability of the enterprise over the timeframe of 8 years. The score is a number between one and one hundred (1 being best and 100 being the worst). The Gross Margin Score of Metcash Limited (ASX:MTS) is 11.00000. The more stable the enterprise, the lower the score. If a enterprise is less stable over the timeframe of time, they will have a higher score.
M-Score (Beneish)
The M-Score, conceived by accounting professor Messod Beneish, is a model for detecting whether a enterprise has manipulated their earnings numbers or not. Metcash Limited (ASX:MTS) has an M-Score of -3.640368. The M-Score is based on 8 nonstandard variables: Days’ sales in receivables index, Gross Margin Index, Asset Quality Index, Sales Growth Index, Depreciation Index, Sales, General and Administrative expenses Index, Leverage Index and Total Accruals to Total Assets. A score higher than -1.78 is an indicator that the enterprise might be manipulating their numbers.
Piotroski F-Score
The Piotroski F-Score is a scoring system between 1-9 that determines a enterprise’s financial strength. The score helps understand if a enterprise’s stock is valuable or not. The Piotroski F-Score of Metcash Limited (ASX:MTS) is 5. A score of nine suggests a high value stock, while a score of one suggests a low value stock. The score is determined by the return on assets (ROA), Cash flow return on assets (CFROA), change in return of assets, and quality of earnings. It is also determined by a change in gearing or leverage, liquidity, and change in shares in issue. The score is also calculated by change in gross margin and change in asset turnover.
Investors are usually trying to take advantage of every possible market scenario. Tracking the market from many nonstandard angles can assist the investor put together the big equity market picture. Many investors have the tendency to get caught up in all the headlines and news of the day. Sometimes that news will be relevant, but nonstandard times it will just be noise. Everyone has an opinion on where the equity market is headed, but nobody knows for sure. Studying the fundamentals and pertinent economic numbers can provide a solid foundation for investors to build from.
China Gas Holdings Limited (SEHK:384) has a Q.i. Value of 45.00000. The purpose of the Q.i. Value is to assist identify companies that are the most undervalued. Typically, the lower the value, the more undervalued the enterprise tends to be. The Q.i. Value ranks companies using four ratios. These ratios consist of EBITDA Yield, FCF Yield, Liquidity, and Earnings Yield.
Some investors may be bemoaning the stock choices they have made over the last year. Crafting a comprehensive plan may assist with turning things around. The equity market is still running at high levels and investors must be able to make every trade count. The next couple of weeks may be a great time for investors to review the portfolio and make some changes for the last few months of the year. Most investors realize that there are no certainties when it comes to equity market investing. Investors who make the proper preparations and put in the special time may be able to get themselves headed on the right track to realizing profits.
Checking in on some valuation rankings, China Gas Holdings Limited (SEHK:384) has a Value Composite score of 56. Developed by James O’Shaughnessy, the VC score uses five valuation ratios. These ratios are price to earnings, price to cash flow, EBITDA to EV, price to book value, and price to sales.
The VC is displayed as a number between 1 and 100. In general, a enterprise with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued enterprise. Adding a sixth ratio, shareholder yield, we can view the Value Composite 2 score which is at present sitting at 50.
Following volatility data can assist quantify how much the equity price has fluctuated over the specified time duration. Although past volatility action may assist project future stock volatility, it may also be vastly nonstandard when taking into account nonstandard factors that may be driving price action during the measured time duration.
We can now take a quick peek at some historical equity price index data. China Gas Holdings Limited (SEHK:384) at present has a 10 month price index of 1.17169. The price index is determined by dividing the current equity price by the equity price ten months ago. A ratio over one suggests an boost in equity price over the duration. A ratio lower than one indicates that the price has decreased over that time duration.
China Gas Holdings Limited (SEHK:384) has a current ERP5 Rank of 8828. The ERP5 Rank may aid investors with spotting companies that are undervalued. This ranking uses four ratios. These ratios are Earnings Yield, ROIC, Price to Book, and 5 year average ROIC. When viewing at the ERP5 ranking, it is generally considered the lower the value, the better.
Looking at some nonstandard time periods, the 12 month price index is 1.14192, the 24 month is 2.43094, and the 36 month is 2.25761. Narrowing in a bit closer, the 5 month price index is 0.83692, the 3 month is 1.02035, and the 1 month is at present 1.09554.
Watching some historical volatility numbers on shares of China Gas Holdings Limited (SEHK:384), we can see that the 12 month volatility is at present 37.766700. The 6 month volatility is 41.465400, and the 3 month is spotted at 38.062800.
Key Ratios
Turning to some key ratios, China Gas Holdings Limited (SEHK:384)’s Leverage Ratio was recently noted as 0.455088. This ratio is determined by dividing total debt by total assets plus total assets previous year, divided by two. The leverage of a enterprise is relative to the amount of debt on the balance sheet. This ratio is frequently viewed as one quantify of the financial health of a enterprise.
China Gas Holdings Limited (SEHK:384) at present has a current ratio of 0.92. The current ratio, also known as the working capital ratio, is a liquidity ratio that displays the proportion of current assets of a business relative to the current liabilities. The ratio is simply determined by dividing current liabilities by current assets. The ratio may be used to provide an idea of the ability of a certain enterprise to pay back its liabilities with assets. Typically, the higher the current ratio the better, as the enterprise may be more capable of paying back its obligations.
The price to book ratio or market to book ratio for China Gas Holdings Limited (SEHK:384) at present stands at 4.598112. The ratio is determined by dividing the equity price per share by the book value per share. This ratio is used to understand how the market values the equity. A ratio of under 1 typically suggests that the shares are undervalued. A ratio over 1 suggests that the market is willing to pay more for the shares. There are frequently many underlying factors that come into play with the Price to Book ratio so all extra metrics should be considered as well.
Ever wonder how investors predict positive equity price momentum? The Cross SMA 50/200, also known as the “Golden Cross” is the fifty day moving average divided by the two hundred day moving average. The SMA 50/200 for China Gas Holdings Limited (SEHK:384) is at present 0.86039. If the Golden Cross is greater than 1, then the 50 day moving average is above the 200 day moving average – indicating a positive equity price momentum. If the Golden Cross is less than 1, then the 50 day moving average is below the 200 day moving average, indicating that the price might drop.
C Score (Montier)
The C-Score is a system developed by James Montier that helps understand whether a enterprise is involved in falsifying their financial statements. The C-Score is determined by a variation of items, including a growing difference in net income verse cash flow, increasing days outstanding, growing days sales of inventory, increasing assets to sales, declines in depreciation, and high total asset growth. The C-Score of China Gas Holdings Limited (SEHK:384) is 4.00000. The score ranges on a scale of -1 to 6. If the score is -1, then there is not enough information to understand the C-Score. If the number is at zero (0) then there is no evidence of fraudulent book cooking, whereas a number of 6 suggests a high likelihood of fraudulent activity. The C-Score assists investors in assessing the likelihood of a enterprise cheating in the books.
At times, equity market volatility can wreak havoc on investors. When the market becomes highly volatile, investors may get the jitters and think they must rush to action. In the heat of the moment, it can be tricky to see the clear skies in the distance. Investors may be best served at times to just let the cards fall where they may and not try to be a hero and drastically change the portfolio. Following a solid plan may allow investors to lay out of whack the gas when times get tough. If the diligence work is well done and the plan is in place, sticking to the plan might be the call. Of timeframe nobody wants to see a significant drop in the value of stocks that they own. Being able to see the overall picture when the markets become turbulent may allow the investor to move forward with confidence.
