After a recent market review, we can see that Newpark Resources, Inc. (NR) has a Shareholder Yield of 0.007929. This is calculated by adding the dividend yield to the percentage of repurchased shares. Shareholder yield has the ability to show how much money the firm is giving back to shareholders via a few different avenues. Companies may issue new shares and buy back their own shares. This may occur at the same time. Investors may also use shareholder yield to gauge a baseline rate of return.
As we move closer towards the end of the year, investors might be looking over the portfolio and trying to see what has been working and what hasn’t been. Investors may be studying the most recent earnings reports of stocks they own in order to make sure that everything is still in order. Active investors might be double checking the portfolio to make sure that it is properly diversified. There might be a few adjustments that need to be made in order to keep the holdings balanced. Of course, nobody can say for sure which way the momentum will shift over the next couple of quarters, but being prepared for any situation is generally considered to be a good idea.
Return on Invested Capital (ROIC), ROIC Quality, ROIC 5 Year Average
The Return on Invested Capital (aka ROIC) for Newpark Resources, Inc. (NR) is 0.064568. The Return on Invested Capital is a ratio that determines whether a company is profitable or not. It tells investors how well a company is turning their capital into profits. The ROIC is calculated by dividing the net operating profit (or EBIT) by the employed capital. The employed capital is calculated by subrating current liabilities from total assets. Similarly, the Return on Invested Capital Quality ratio is a tool in evaluating the quality of a company’s ROIC over the course of five years. The ROIC 5 year average is calculated using the five year average EBIT, five year average (net working capital and net fixed assets). The ROIC 5 year average of Newpark Resources, Inc. (NR) is 0.05292.
Return on Assets
There are many different tools to determine whether a company is profitable or not. One of the most popular ratios is the “Return on Assets” (aka ROA). This score indicates how profitable a company is relative to its total assets. The Return on Assets for Newpark Resources, Inc. (NR) is 0.021298. This number is calculated by dividing net income after tax by the company’s total assets. A company that manages their assets well will have a higher return, while a company that manages their assets poorly will have a lower return.
Price Index (all months)
The Price Index is a ratio that indicates the return of a share price over a past period. The price index of Newpark Resources, Inc. (NR) for last month was 1.028302 while the 3m is at 1.045205. This is calculated by taking the current share price and dividing by the share price at the specifiied time frame mentioned. If the ratio is greater than 1, then that means there has been an increase in price over that timeframe. If the ratio is less than 1, then we can determine that there has been a decrease in price. Similarly, investors look up the share price over 12 month periods. The Price Index 12m for Newpark Resources, Inc. (NR) is 0.690498. The Price Index 5Y stands at 0.623876.
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Free Cash Flow Yield (FCF Yield) is the free cash flow of the current year minus the free cash flow from the previous year, divided by last year’s free cash flow. The FCF Growth of Newpark Resources, Inc. (NR) is 0.039492. Free cash flow (FCF) is the cash produced by the company minus capital expenditure. This cash is what a company uses to meet its financial obligations, such as making payments on debt or to pay out dividends. Looking out to the 5 year FCF yield, this gives investors the overall quality of the free cash flow over a longer period of time. The FCF five year yield for Newpark Resources, Inc. (NR) stands at 0.007857. Experts say the higher the value, the better, as it means that the free cash flow is high, or the variability of free cash flow is low or both.
Newpark Resources, Inc. (NR) based out of United States and resides in the Energy sector, has a market cap of 615005.4784 after recently touching 7.63 on a recent bid. Newpark Resources, Inc. (NR) sees an average of trading volume of 2442.1784. Newpark Resources, Inc. (NR) competes in the Energy Equipment and Services industry.
Checking in on some valuation rankings, Newpark Resources, Inc. (NR) has a Value Composite score of 11. Developed by James O’Shaughnessy, the VC score uses five valuation ratios. These ratios are price to earnings, price to cash flow, EBITDA to EV, price to book value, and price to sales. The VC is displayed as a number between 1 and 100. In general, a company with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued company. Adding a sixth ratio, shareholder yield, we can view the Value Composite 2 score which is currently sitting at 10.
Newpark Resources, Inc. (NR) has a current MF Rank of 2739. Developed by hedge fund manager Joel Greenblatt, the intention of the formula is to spot high quality companies that are trading at an attractive price. The formula uses ROIC and earnings yield ratios to find quality, undervalued stocks. In general, companies with the lowest combined rank may be the higher quality picks.
Studies have shown that combining the Magic Formula with for instance the Piotroski F-Score increases return. If for instance you take the top 20% results of the magic formula and then take the 20% of stocks with the highest 6-month price index, the total return increases from 235% to 784% during the period 1999-2011.
The investing community is always using the terms bulls and bears. They are terms used to label market trends. Upward trends are considered bullish while downward trends are considered bearish. The overall market trend has been bullish for a long period of time. Trends can be long-term, short-term, or intermediate. These terms are used universally and may apply to entire markets or specific stocks. While there is money to be made in bull and bear markets, investors may want to concoct a stock strategy that will perform well during any conditions. Investors who are successful throughout any market conditions are typically highly focused, disciplined, and consistent with their trading maneuvers. Whether optimism or pessimism rules the sentiment, investors need to be able to capitalize when the time comes.
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