Emcore Stock Current Valuation
| EMKR Stock | USD 2.69 0.16 5.61% |
Valuation analysis of EMCORE helps investors to measure EMCORE's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns. As of 04/20/2024, Enterprise Value Over EBITDA is likely to grow to -6.23. In addition to that, Enterprise Value Multiple is likely to grow to -6.23. Fundamental drivers impacting EMCORE's valuation include:
Price Book 0.2931 | Enterprise Value 33.4 M | Enterprise Value Ebitda (1.71) | Price Sales 0.2171 | Forward PE 8.2919 |
Overvalued
Today
Please note that EMCORE's price fluctuation is dangerous at this time. Calculation of the real value of EMCORE is based on 3 months time horizon. Increasing EMCORE's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Our valuation method for EMCORE is useful when determining the fair value of the EMCORE stock, which is usually determined by what a typical buyer is willing to pay for full or partial control of EMCORE. Since EMCORE is currently traded on the exchange, buyers and sellers on that exchange determine the market value of EMCORE Stock. However, EMCORE's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 2.69 | Real 2.27 | Target 2.09 | Hype 3.91 |
The real value of EMCORE Stock, also known as its intrinsic value, is the underlying worth of EMCORE Company, which is reflected in its stock price. It is based on EMCORE's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of EMCORE's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence EMCORE's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of EMCORE helps investors to forecast how EMCORE stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of EMCORE more accurately as focusing exclusively on EMCORE's fundamentals will not take into account other important factors: EMCORE Company Current Valuation Analysis
EMCORE'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 EMCORE Current Valuation | 33.35 M |
Most of EMCORE'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, EMCORE is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
EMCORE Current Valuation Driver Correlations
Understanding the fundamental principles of building solid financial models for EMCORE is extremely important. It helps to project a fair market value of EMCORE Stock properly, considering its historical fundamentals such as Current Valuation. Since EMCORE'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 EMCORE'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 EMCORE's interrelated accounts and indicators.
Click cells to compare fundamentals
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, EMCORE has a Current Valuation of 33.35 M. This is 99.83% lower than that of the Communications Equipment sector and 99.86% lower than that of the Information Technology industry. The current valuation for all United States stocks is 99.8% higher than that of the company.
EMCORE Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses EMCORE's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of EMCORE could also be used in its relative valuation, which is a method of valuing EMCORE by comparing valuation metrics of similar companies.EMCORE is currently under evaluation in current valuation category among related companies.
EMCORE Fundamentals
| Return On Equity | -0.49 | ||||
| Return On Asset | -0.0708 | ||||
| Profit Margin | (0.68) % | ||||
| Operating Margin | (0.17) % | ||||
| Current Valuation | 33.35 M | ||||
| Shares Outstanding | 7.73 M | ||||
| Shares Owned By Insiders | 15.73 % | ||||
| Shares Owned By Institutions | 50.78 % | ||||
| Number Of Shares Shorted | 340.56 K | ||||
| Price To Earning | 2.76 X | ||||
| Price To Book | 0.29 X | ||||
| Price To Sales | 0.22 X | ||||
| Revenue | 97.72 M | ||||
| Gross Profit | 29.72 M | ||||
| EBITDA | (5.75 M) | ||||
| Net Income | (49.41 M) | ||||
| Cash And Equivalents | 74.61 M | ||||
| Cash Per Share | 1.99 X | ||||
| Total Debt | 34.52 M | ||||
| Debt To Equity | 0.16 % | ||||
| Current Ratio | 3.95 X | ||||
| Book Value Per Share | 9.76 X | ||||
| Cash Flow From Operations | (33.64 M) | ||||
| Short Ratio | 0.74 X | ||||
| Earnings Per Share | (7.90) X | ||||
| Price To Earnings To Growth | 1.08 X | ||||
| Target Price | 11.83 | ||||
| Number Of Employees | 350 | ||||
| Beta | 1.51 | ||||
| Market Capitalization | 20.8 M | ||||
| Total Asset | 142.86 M | ||||
| Retained Earnings | (698.51 M) | ||||
| Working Capital | 62.17 M | ||||
| Current Asset | 111.22 M | ||||
| Current Liabilities | 18.26 M | ||||
| Net Asset | 142.86 M |
About EMCORE Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze EMCORE's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of EMCORE using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of EMCORE 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards EMCORE in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, EMCORE's short interest history, or implied volatility extrapolated from EMCORE options trading.
Pair Trading with EMCORE
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 EMCORE 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 EMCORE will appreciate offsetting losses from the drop in the long position's value.Moving together with EMCORE Stock
| 0.72 | CPSH | Cps Technologies Tech Boost | PairCorr |
| 0.63 | CSCO | Cisco Systems Fiscal Quarter End 30th of April 2024 | PairCorr |
| 0.73 | G | Genpact Limited Financial Report 8th of May 2024 | PairCorr |
Moving against EMCORE Stock
| 0.79 | FORTY | Formula Systems 1985 | PairCorr |
| 0.76 | LRCX | Lam Research Corp Earnings Call This Week | PairCorr |
| 0.76 | NVMI | Nova Downward Rally | PairCorr |
| 0.76 | CACI | CACI International Earnings Call This Week | PairCorr |
| 0.72 | KLAC | KLA Tencor Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to EMCORE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EMCORE 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 EMCORE - 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 EMCORE to buy it.
The correlation of EMCORE 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 EMCORE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EMCORE 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 EMCORE 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 EMCORE Piotroski F Score and EMCORE Altman Z Score analysis. To learn how to invest in EMCORE Stock, please use our How to Invest in EMCORE guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for EMCORE Stock analysis
When running EMCORE's price analysis, check to measure EMCORE'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 EMCORE is operating at the current time. Most of EMCORE's value examination focuses on studying past and present price action to predict the probability of EMCORE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EMCORE's price. Additionally, you may evaluate how the addition of EMCORE to your portfolios can decrease your overall portfolio volatility.
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Is EMCORE'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 EMCORE. If investors know EMCORE 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 EMCORE 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 (0.25) | Earnings Share (7.90) | Revenue Per Share 15.825 | Quarterly Revenue Growth 0.207 | Return On Assets (0.07) |
The market value of EMCORE is measured differently than its book value, which is the value of EMCORE that is recorded on the company's balance sheet. Investors also form their own opinion of EMCORE's value that differs from its market value or its book value, called intrinsic value, which is EMCORE'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 EMCORE's market value can be influenced by many factors that don't directly affect EMCORE'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 EMCORE's value and its price as these two are different measures arrived at by different means. Investors typically determine if EMCORE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EMCORE'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.