China Jo Jo Drugstores Stock Price To Book
| CJJD Stock | USD 2.34 0.00 0.00% |
China Jo Jo Drugstores fundamentals help investors to digest information that contributes to China Jo's financial success or failures. It also enables traders to predict the movement of China Stock. The fundamental analysis module provides a way to measure China Jo'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 China Jo stock.
The current year's Price To Book Ratio is expected to grow to about 68.7 K. China | Price To Book |
China Jo Jo Drugstores Company Price To Book Analysis
China Jo's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current China Jo Price To Book | 0.28 X |
Most of China Jo's fundamental indicators, such as Price To Book, 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, China Jo Jo Drugstores is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
China Price To Book Driver Correlations
Understanding the fundamental principles of building solid financial models for China Jo is extremely important. It helps to project a fair market value of China Stock properly, considering its historical fundamentals such as Price To Book. Since China Jo'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 China Jo'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 China Jo's interrelated accounts and indicators.
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China Price To Book Historical Pattern
Today, most investors in China Jo Stock are looking for potential investment opportunities by analyzing not only static indicators but also various China Jo'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 price to book growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of China Jo price to book as a starting point in their analysis.
China Jo Price To Book |
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Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
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China Book Value Per Share
Book Value Per Share |
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Based on the latest financial disclosure, China Jo Jo Drugstores has a Price To Book of 0.2803 times. This is 98.91% lower than that of the Consumer Staples Distribution & Retail sector and significantly higher than that of the Consumer Staples industry. The price to book for all United States stocks is 97.05% higher than that of the company.
China Price To Book Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses China Jo's direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of China Jo could also be used in its relative valuation, which is a method of valuing China Jo by comparing valuation metrics of similar companies.China Jo is currently under evaluation in price to book category among related companies.
China Jo Current Valuation Drivers
We derive many important indicators used in calculating different scores of China Jo from analyzing China Jo's financial statements. These drivers represent accounts that assess China Jo's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of China Jo's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 59.4M | 45.7M | 1.1M | 45.7M | 105.0M | 99.8M | |
| Enterprise Value | 97.7M | 70.4M | 31.3M | 69.0M | 105.0M | 99.8M |
China Fundamentals
| Return On Equity | -1.09 | ||||
| Return On Asset | -0.12 | ||||
| Profit Margin | (0.14) % | ||||
| Operating Margin | 0 % | ||||
| Current Valuation | 21 M | ||||
| Shares Outstanding | 2.16 M | ||||
| Shares Owned By Insiders | 17.28 % | ||||
| Shares Owned By Institutions | 0.87 % | ||||
| Number Of Shares Shorted | 20.46 K | ||||
| Price To Earning | (4.60) X | ||||
| Price To Book | 0.28 X | ||||
| Price To Sales | 0.03 X | ||||
| Revenue | 148.81 M | ||||
| Gross Profit | 34.28 M | ||||
| EBITDA | (7.28 M) | ||||
| Net Income | (21.14 M) | ||||
| Cash And Equivalents | 18.55 M | ||||
| Cash Per Share | 5.33 X | ||||
| Total Debt | 42.16 M | ||||
| Debt To Equity | 2.14 % | ||||
| Current Ratio | 1.01 X | ||||
| Book Value Per Share | 11.22 X | ||||
| Cash Flow From Operations | (3.28 M) | ||||
| Short Ratio | 7.06 X | ||||
| Earnings Per Share | (4.40) X | ||||
| Target Price | 7.0 | ||||
| Number Of Employees | 885 | ||||
| Beta | -0.021 | ||||
| Market Capitalization | 5.13 M | ||||
| Total Asset | 90.97 M | ||||
| Retained Earnings | (69.27 M) | ||||
| Working Capital | (2.05 M) | ||||
| Current Asset | 46.88 M | ||||
| Current Liabilities | 42.12 M | ||||
| Net Asset | 90.97 M |
About China Jo Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze China Jo Jo Drugstores's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of China Jo using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of China Jo Jo Drugstores 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 China Jo
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 China Jo 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 China Jo will appreciate offsetting losses from the drop in the long position's value.Moving against China Stock
| 0.78 | SFM | Sprouts Farmers Market Financial Report 6th of May 2024 | PairCorr |
| 0.72 | KR | Kroger Company Financial Report 20th of June 2024 | PairCorr |
| 0.63 | BJ | BJs Wholesale Club Financial Report 28th of May 2024 | PairCorr |
| 0.63 | AVO | Mission Produce Financial Report 13th of June 2024 | PairCorr |
| 0.61 | TGT | Target Sell-off Trend | PairCorr |
The ability to find closely correlated positions to China Jo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Jo 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 China Jo - 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 China Jo Jo Drugstores to buy it.
The correlation of China Jo 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 China Jo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Jo Jo 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 China Jo 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 China Jo Piotroski F Score and China Jo Altman Z Score analysis. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for China Stock analysis
When running China Jo's price analysis, check to measure China Jo'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 China Jo is operating at the current time. Most of China Jo's value examination focuses on studying past and present price action to predict the probability of China Jo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Jo's price. Additionally, you may evaluate how the addition of China Jo to your portfolios can decrease your overall portfolio volatility.
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Is China Jo'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 China Jo. If investors know China 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 China Jo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.40) | Revenue Per Share 155.543 | Quarterly Revenue Growth 0.08 | Return On Assets (0.12) | Return On Equity (1.09) |
The market value of China Jo Jo is measured differently than its book value, which is the value of China that is recorded on the company's balance sheet. Investors also form their own opinion of China Jo's value that differs from its market value or its book value, called intrinsic value, which is China Jo'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 China Jo's market value can be influenced by many factors that don't directly affect China Jo'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 China Jo's value and its price as these two are different measures arrived at by different means. Investors typically determine if China Jo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Jo'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.