Ituran Location And Stock Book Value Per Share
| ITRN Stock | USD 38.71 0.79 2.00% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess Ituran Location's long-term financial health and intrinsic value.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. Ituran Location and Company Book Value Per Share Analysis
Ituran Location's Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
More About Book Value Per Share | All Equity Analysis
Book Value per Share | = | Common EquityAverage Shares |
Current Ituran Location Book Value Per Share | 9.58 X |
Most of Ituran Location's fundamental indicators, such as Book Value Per Share, 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, Ituran Location and is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
| Competition |
In accordance with the recently published financial statements, the book value per share of Ituran Location and is about 9.584 times. This is 76.62% lower than that of the Communications Equipment sector and 64.92% lower than that of the Information Technology industry. The book value per share for all United States stocks is 99.5% higher than that of the company.
Ituran Book Value Per Share Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ituran Location's direct or indirect competition against its Book Value Per Share to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Ituran Location could also be used in its relative valuation, which is a method of valuing Ituran Location by comparing valuation metrics of similar companies.Ituran Location is currently under evaluation in book value per share category among its peers.
Ituran Fundamentals
| Return On Equity | 0.31 | ||||
| Return On Asset | 0.14 | ||||
| Profit Margin | 0.16 % | ||||
| Operating Margin | 0.22 % | ||||
| Current Valuation | 713.28 M | ||||
| Shares Outstanding | 19.89 M | ||||
| Shares Owned By Insiders | 19.70 % | ||||
| Shares Owned By Institutions | 61.07 % | ||||
| Number Of Shares Shorted | 153.53 K | ||||
| Price To Earning | 30.15 X | ||||
| Price To Book | 4.18 X | ||||
| Price To Sales | 2.33 X | ||||
| Revenue | 336.26 M | ||||
| Gross Profit | 163.1 M | ||||
| EBITDA | 93.35 M | ||||
| Net Income | 53.65 M | ||||
| Cash And Equivalents | 33.17 M | ||||
| Cash Per Share | 1.62 X | ||||
| Total Debt | 9.06 M | ||||
| Debt To Equity | 0.19 % | ||||
| Current Ratio | 1.57 X | ||||
| Book Value Per Share | 9.58 X | ||||
| Cash Flow From Operations | 74.27 M | ||||
| Short Ratio | 1.76 X | ||||
| Earnings Per Share | 2.77 X | ||||
| Target Price | 47.0 | ||||
| Number Of Employees | 2.8 K | ||||
| Beta | 0.82 | ||||
| Market Capitalization | 785.8 M | ||||
| Total Asset | 326.88 M | ||||
| Retained Earnings | 226.18 M | ||||
| Working Capital | 106.83 M | ||||
| Current Asset | 91.7 M | ||||
| Current Liabilities | 41.58 M | ||||
| Annual Yield | 0.05 % | ||||
| Five Year Return | 3.29 % | ||||
| Net Asset | 326.88 M | ||||
| Last Dividend Paid | 1.78 |
About Ituran Location Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ituran Location and's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ituran Location using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ituran Location and 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 Ituran Location
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 Ituran Location 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 Ituran Location will appreciate offsetting losses from the drop in the long position's value.Moving together with Ituran Stock
Moving against Ituran Stock
| 0.57 | FCUV | Focus Universal | PairCorr |
| 0.5 | WRAP | Wrap Technologies | PairCorr |
| 0.45 | BMI | Badger Meter | PairCorr |
| 0.32 | FTV | Fortive Corp | PairCorr |
The ability to find closely correlated positions to Ituran Location could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ituran Location 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 Ituran Location - 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 Ituran Location and to buy it.
The correlation of Ituran Location 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 Ituran Location moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ituran Location 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 Ituran Location 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 Ituran Location Piotroski F Score and Ituran Location Altman Z Score analysis. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Is Communications Equipment space 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 Ituran Location. If investors know Ituran 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 Ituran Location listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Ituran Location is measured differently than its book value, which is the value of Ituran that is recorded on the company's balance sheet. Investors also form their own opinion of Ituran Location's value that differs from its market value or its book value, called intrinsic value, which is Ituran Location'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 Ituran Location's market value can be influenced by many factors that don't directly affect Ituran Location'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 Ituran Location's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ituran Location is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ituran Location'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.