Absolute Financial Statements From 2010 to 2024
| ACE Stock | THB 1.40 0.01 0.72% |
Check Absolute Clean financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Absolute main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . Absolute financial statements analysis is a perfect complement when working with Absolute Clean Valuation or Volatility modules.
Absolute |
Absolute Clean Energy Company Current Valuation Analysis
Absolute Clean's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Absolute Clean Current Valuation | 30.85 B |
Most of Absolute Clean's fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Absolute Clean Energy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Absolute Clean Energy has a Current Valuation of 30.85 B. This is 192.77% higher than that of the Utilities sector and significantly higher than that of the Utilities—Renewable industry. The current valuation for all Thailand stocks is 85.59% lower than that of the firm.
Absolute Clean Energy Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Absolute Clean's current stock value. Our valuation model uses many indicators to compare Absolute Clean value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Absolute Clean competition to find correlations between indicators driving Absolute Clean's intrinsic value. More Info.Absolute Clean Energy is number one stock in return on equity category among related companies. It is number one stock in return on asset category among related companies reporting about 0.47 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Absolute Clean Energy is roughly 2.12 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Absolute Clean by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Absolute Clean'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 Absolute Clean's earnings, one of the primary drivers of an investment's value.About Absolute Clean Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Absolute Clean income statement, its balance sheet, and the statement of cash flows. Absolute Clean investors use historical funamental indicators, such as Absolute Clean's revenue or net income, to determine how well the company is positioned to perform in the future. Although Absolute Clean investors may use each financial statement separately, they are all related. The changes in Absolute Clean's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Absolute Clean's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Absolute Clean Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Absolute Clean. Please read more on our technical analysis and fundamental analysis pages.
Absolute Clean Energy Public Company Limited, together with its subsidiaries, operates biomass, municipal solid waste, natural gas, and solar energy power plants in Thailand. The company was founded in 2015 and is headquartered in Bangkok, Thailand. ABSOLUTE CLEAN is traded on Stock Exchange of Thailand in Thailand.
Pair Trading with Absolute Clean
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 Absolute Clean 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 Absolute Clean will appreciate offsetting losses from the drop in the long position's value.Moving together with Absolute Stock
| 0.85 | BCPG | BCPG Public Earnings Call This Week | PairCorr |
Moving against Absolute Stock
| 0.68 | TQM-R | TQM CORPORATION | PairCorr |
| 0.46 | M-R | MK Restaurant Group | PairCorr |
| 0.45 | TPIPP-R | TPI POLENE POWER | PairCorr |
The ability to find closely correlated positions to Absolute Clean could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Absolute Clean 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 Absolute Clean - 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 Absolute Clean Energy to buy it.
The correlation of Absolute Clean 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 Absolute Clean moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Absolute Clean Energy 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 Absolute Clean 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.Check out the analysis of Absolute Clean Correlation against competitors. Note that the Absolute Clean Energy information on this page should be used as a complementary analysis to other Absolute Clean's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Absolute Stock analysis
When running Absolute Clean's price analysis, check to measure Absolute Clean'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 Absolute Clean is operating at the current time. Most of Absolute Clean's value examination focuses on studying past and present price action to predict the probability of Absolute Clean's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Absolute Clean's price. Additionally, you may evaluate how the addition of Absolute Clean to your portfolios can decrease your overall portfolio volatility.
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