Chemed Corp Stock Net Income
| CHE Stock | USD 566.51 6.09 1.09% |
Chemed Corp fundamentals help investors to digest information that contributes to Chemed Corp's financial success or failures. It also enables traders to predict the movement of Chemed Stock. The fundamental analysis module provides a way to measure Chemed Corp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Chemed Corp stock.
| Last Reported | Projected for Next Year | ||
| Net Income | 272.5 M | 286.1 M | |
| Net Income Applicable To Common Shares | 287.1 M | 301.4 M | |
| Net Income From Continuing Ops | 244.6 M | 177.5 M | |
| Net Income Per Share | 18.11 | 19.01 | |
| Net Income Per E B T | 0.78 | 0.83 |
Chemed | Net Income |
Chemed Corp Company Net Income Analysis
Chemed Corp's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Chemed Corp Net Income | 272.51 M |
Most of Chemed Corp's fundamental indicators, such as Net Income, 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, Chemed Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Chemed Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for Chemed Corp is extremely important. It helps to project a fair market value of Chemed Stock properly, considering its historical fundamentals such as Net Income. Since Chemed Corp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Chemed Corp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Chemed Corp's interrelated accounts and indicators.
Chemed Net Income Historical Pattern
Today, most investors in Chemed Corp Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Chemed Corp's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's net income growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Chemed Corp net income as a starting point in their analysis.
Chemed Corp Net Income |
| Timeline |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Chemed Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
|
Based on the recorded statements, Chemed Corp reported net income of 272.51 M. This is 20.15% lower than that of the Health Care Providers & Services sector and significantly higher than that of the Health Care industry. The net income for all United States stocks is 52.27% higher than that of the company.
Chemed Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Chemed Corp's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Chemed Corp could also be used in its relative valuation, which is a method of valuing Chemed Corp by comparing valuation metrics of similar companies.Chemed Corp is currently under evaluation in net income category among related companies.
Chemed Corp Institutional Holders
Institutional Holdings refers to the ownership stake in Chemed Corp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Chemed Corp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Chemed Corp's value.| Shares | Wellington Management Company Llp | 2023-12-31 | 232.5 K | Btim Corp | 2024-03-31 | 210.4 K | Td Asset Management Inc | 2023-12-31 | 205.8 K | Massachusetts Financial Services Company | 2023-12-31 | 203.1 K | Victory Capital Management Inc. | 2023-12-31 | 188.7 K | Timessquare Capital Management, Llc | 2023-12-31 | 184.2 K | Northern Trust Corp | 2023-12-31 | 183.7 K | Fidelity International Ltd | 2023-12-31 | 168.1 K | Fmr Inc | 2023-12-31 | 164.8 K | Vanguard Group Inc | 2023-12-31 | 1.7 M | Blackrock Inc | 2023-12-31 | 1.4 M |
Chemed Fundamentals
| Return On Equity | 0.27 | ||||
| Return On Asset | 0.14 | ||||
| Profit Margin | 0.12 % | ||||
| Operating Margin | 0.12 % | ||||
| Current Valuation | 8.31 B | ||||
| Shares Outstanding | 15.14 M | ||||
| Shares Owned By Insiders | 2.39 % | ||||
| Shares Owned By Institutions | 96.98 % | ||||
| Number Of Shares Shorted | 436.73 K | ||||
| Price To Earning | 25.42 X | ||||
| Price To Book | 8.45 X | ||||
| Price To Sales | 4.13 X | ||||
| Revenue | 2.26 B | ||||
| Gross Profit | 765.09 M | ||||
| EBITDA | 403.69 M | ||||
| Net Income | 272.51 M | ||||
| Cash And Equivalents | 74.13 M | ||||
| Cash Per Share | 0.65 X | ||||
| Total Debt | 155.11 M | ||||
| Debt To Equity | 0.38 % | ||||
| Current Ratio | 0.71 X | ||||
| Book Value Per Share | 78.27 X | ||||
| Cash Flow From Operations | 330.3 M | ||||
| Short Ratio | 6.28 X | ||||
| Earnings Per Share | 18.61 X | ||||
| Price To Earnings To Growth | 2.63 X | ||||
| Target Price | 690.0 | ||||
| Number Of Employees | 15.09 K | ||||
| Beta | 0.42 | ||||
| Market Capitalization | 8.48 B | ||||
| Total Asset | 1.76 B | ||||
| Retained Earnings | 2.45 B | ||||
| Working Capital | 188.79 M | ||||
| Current Asset | 150.81 M | ||||
| Current Liabilities | 171.34 M | ||||
| Annual Yield | 0 % | ||||
| Five Year Return | 0.32 % | ||||
| Net Asset | 1.76 B | ||||
| Last Dividend Paid | 1.58 |
About Chemed Corp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Chemed Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Chemed Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Chemed Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Chemed Corp
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 Chemed Corp 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 Chemed Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Chemed Stock
| 0.69 | DRRX | Durect Earnings Call This Week | PairCorr |
Moving against Chemed Stock
| 0.62 | SBFMW | Sunshine Biopharma | PairCorr |
| 0.5 | TFX | Teleflex Incorporated Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Chemed Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chemed Corp 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 Chemed Corp - 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 Chemed Corp to buy it.
The correlation of Chemed Corp 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 Chemed Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chemed Corp 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 Chemed Corp 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 Chemed Corp Piotroski F Score and Chemed Corp Altman Z Score analysis. For information on how to trade Chemed Stock refer to our How to Trade Chemed Stock guide.Note that the Chemed Corp information on this page should be used as a complementary analysis to other Chemed Corp'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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Chemed Stock analysis
When running Chemed Corp's price analysis, check to measure Chemed Corp'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 Chemed Corp is operating at the current time. Most of Chemed Corp's value examination focuses on studying past and present price action to predict the probability of Chemed Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chemed Corp's price. Additionally, you may evaluate how the addition of Chemed Corp to your portfolios can decrease your overall portfolio volatility.
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments |
Is Chemed Corp'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 Chemed Corp. If investors know Chemed 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 Chemed Corp 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 0.184 | Dividend Share 1.58 | Earnings Share 18.61 | Revenue Per Share 152 | Quarterly Revenue Growth 0.052 |
The market value of Chemed Corp is measured differently than its book value, which is the value of Chemed that is recorded on the company's balance sheet. Investors also form their own opinion of Chemed Corp's value that differs from its market value or its book value, called intrinsic value, which is Chemed Corp'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 Chemed Corp's market value can be influenced by many factors that don't directly affect Chemed Corp'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 Chemed Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chemed Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chemed Corp'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.