Envela Corp Stock Net Income
ELA Stock | USD 4.55 0.11 2.48% |
Envela Corp fundamentals help investors to digest information that contributes to Envela Corp's financial success or failures. It also enables traders to predict the movement of Envela Stock. The fundamental analysis module provides a way to measure Envela 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 Envela Corp stock.
The current year's Net Income is expected to grow to about 7.5 M. The current year's Net Income From Continuing Ops is expected to grow to about 12.3 M. Envela | Net Income |
Envela Net Income Analysis
Envela 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.
More About Net Income | All Equity Analysis
Envela Corp Net Income |
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Net Income | = | (Rev + Gain) | - | (Exp + Loss) |
Current Envela Corp Net Income | 7.15 M |
Most of Envela 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, Envela Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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 |
Envela Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, Envela Corp reported net income of 7.15 M. This is 98.6% lower than that of the Specialty Retail sector and 86.79% lower than that of the Consumer Discretionary industry. The net income for all United States stocks is 98.75% higher than that of the company.
Envela Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Envela 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 Envela Corp could also be used in its relative valuation, which is a method of valuing Envela Corp by comparing valuation metrics of similar companies.Envela Corp is currently under evaluation in net income category among related companies.
Envela Fundamentals
Return On Equity | 0.16 | ||||
Return On Asset | 0.0756 | ||||
Profit Margin | 0.04 % | ||||
Operating Margin | 0.04 % | ||||
Current Valuation | 118.44 M | ||||
Shares Outstanding | 26.35 M | ||||
Shares Owned By Insiders | 73.74 % | ||||
Shares Owned By Institutions | 8.57 % | ||||
Number Of Shares Shorted | 274.27 K | ||||
Price To Earning | 16.55 X | ||||
Price To Book | 2.42 X | ||||
Price To Sales | 0.70 X | ||||
Revenue | 171.67 M | ||||
Gross Profit | 44.83 M | ||||
EBITDA | 10.12 M | ||||
Net Income | 7.15 M | ||||
Cash And Equivalents | 17.17 M | ||||
Cash Per Share | 0.52 X | ||||
Total Debt | 19.3 M | ||||
Debt To Equity | 0.69 % | ||||
Current Ratio | 4.03 X | ||||
Book Value Per Share | 1.82 X | ||||
Cash Flow From Operations | 5.84 M | ||||
Short Ratio | 11.77 X | ||||
Earnings Per Share | 0.27 X | ||||
Target Price | 7.0 | ||||
Number Of Employees | 288 | ||||
Beta | 0.081 | ||||
Market Capitalization | 119.89 M | ||||
Total Asset | 73.47 M | ||||
Retained Earnings | 10.02 M | ||||
Working Capital | 40.9 M | ||||
Current Asset | 1.12 B | ||||
Current Liabilities | 1.02 B | ||||
Z Score | 7.37 | ||||
Net Asset | 73.47 M |
About Envela Corp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Envela Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Envela Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Envela 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.Last Reported | Projected for 2024 | ||
Net Income | 7.1 M | 7.5 M | |
Net Income From Continuing Ops | 11.7 M | 12.3 M | |
Net Income Applicable To Common Shares | 18 M | 18.9 M | |
Net Income Per E B T | 0.79 | 0.87 |
Pair Trading with Envela 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 Envela 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 Envela Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Envela Stock
0.43 | HD | Home Depot Financial Report 21st of May 2024 | PairCorr |
0.41 | DIBS | 1StdibsCom Financial Report 8th of May 2024 | PairCorr |
The ability to find closely correlated positions to Envela 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 Envela 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 Envela 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 Envela Corp to buy it.
The correlation of Envela 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 Envela Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Envela 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 Envela 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 Envela Corp Piotroski F Score and Envela Corp Altman Z Score analysis. For information on how to trade Envela Stock refer to our How to Trade Envela Stock guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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When running Envela Corp's price analysis, check to measure Envela 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 Envela Corp is operating at the current time. Most of Envela Corp's value examination focuses on studying past and present price action to predict the probability of Envela 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 Envela Corp's price. Additionally, you may evaluate how the addition of Envela Corp to your portfolios can decrease your overall portfolio volatility.
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Is Envela 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 Envela Corp. If investors know Envela 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 Envela 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 (0.78) | Earnings Share 0.27 | Revenue Per Share 6.4 | Quarterly Revenue Growth (0.23) | Return On Assets 0.0756 |
The market value of Envela Corp is measured differently than its book value, which is the value of Envela that is recorded on the company's balance sheet. Investors also form their own opinion of Envela Corp's value that differs from its market value or its book value, called intrinsic value, which is Envela 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 Envela Corp's market value can be influenced by many factors that don't directly affect Envela 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 Envela Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Envela Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Envela 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.