Better Price to Book Value Trend from 2010 to 2022

BTTR
 Stock
  

USD 2.45  0.63  34.62%   

Better Choice Price to Book Value yearly trend continues to be relatively stable with very little volatility. Price to Book Value is likely to grow to 1.76 this year. During the period from 2010 to 2022, Better Choice Price to Book Value destribution of quarterly values had r-value of  0.89 from its regression line and median of (46.29). Better Choice Selling General and Administrative Expense is relatively stable at the moment as compared to the past year. Better Choice reported last year Selling General and Administrative Expense of 28.51 Million. As of 08/14/2022, Weighted Average Shares is likely to grow to about 21.5 M, while Gross Profit is likely to drop slightly above 12.4 M.
  
Check Better Choice financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Better main balance sheet or income statement drivers, such as Consolidated Income of 3.7 M, Cost of Revenue of 24.7 M or Earning Before Interest and Taxes EBIT of 7.2 M, as well as many exotic indicators such as Asset Turnover of 0.63, Book Value per Share of 3.13 or Current Ratio of 6.45. Better financial statements analysis is a perfect complement when working with Better Choice Valuation or Volatility modules. It can also supplement Better Choice's financial leverage analysis and stock options assessment as well as various Better Choice Technical models . Continue to the analysis of Better Choice Correlation against competitors.

Better Choice Quarterly Price to Book Value

1.258

Better Price to Book Value Breakdown

Showing smoothed Price to Book Value of Better Choice with missing and latest data points interpolated. Measures the ratio between Market Capitalization and [EquityUSD].Better Choice's Price to Book Value historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Better Choice's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 1.14 X10 Years Trend
Increasing
Slightly volatile
   Price to Book Value   
Share
       Timeline  

Better Price to Book Value Regression Statistics

Arithmetic Mean(124.85)
Coefficient Of Variation(101.63)
Mean Deviation 121.01
Median(46.29)
Standard Deviation 126.88
Sample Variance 16,098
Range 257.70
R-Value 0.89
Mean Square Error 3,556
R-Squared 0.80
Significance 0.00003957
Slope 29.10
Total Sum of Squares 193,181

Better Price to Book Value History

2016 -46.29
2017 -12.44
2019 -17.35
2020 -2.22
2021 1.63
2022 1.76

About Better Choice Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Better Choice income statement, its balance sheet, and the statement of cash flows. Better Choice investors use historical funamental indicators, such as Better Choice's Price to Book Value, to determine how well the company is positioned to perform in the future. Although Better Choice investors may use each financial statement separately, they are all related. The changes in Better Choice's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Better Choice's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Better Choice Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Better Choice. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Price to Book Value 1.63  1.76 
Enterprise Value71.7 M75.3 M
Tangible Asset Value44.5 M48 M
Better Choice Company Inc. operates as an animal health and wellness company. Better Choice Company Inc. was founded in 1986 and is based in Tampa, Florida. Better Choice operates under Packaged Foods classification in the United States and is traded on NYSEMKT Exchange. It employs 43 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Better Choice without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Portfolio Backtesting Now

   

Portfolio Backtesting

Avoid under-diversification and over-optimization by backtesting your portfolios
All  Next Launch Module

Pair Trading with Better Choice

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 Better Choice 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 Better Choice will appreciate offsetting losses from the drop in the long position's value.

Moving together with Better Choice

0.65BRBRBellRing Brands Downward RallyPairCorr

Moving against Better Choice

0.55APPHAppharvest Aggressive PushPairCorr
The ability to find closely correlated positions to Better Choice could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Better Choice 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 Better Choice - 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 Better Choice to buy it.
The correlation of Better Choice is a statistical measure of how it moves in relation to other equities. 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 Better Choice moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Better Choice 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 Better Choice 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.
Pair CorrelationCorrelation Matching
Continue to the analysis of Better Choice Correlation against competitors. Note that the Better Choice information on this page should be used as a complementary analysis to other Better Choice's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Better Stock analysis

When running Better Choice price analysis, check to measure Better Choice'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 Better Choice is operating at the current time. Most of Better Choice's value examination focuses on studying past and present price action to predict the probability of Better Choice's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Better Choice's price. Additionally, you may evaluate how the addition of Better Choice to your portfolios can decrease your overall portfolio volatility.
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Go
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Go
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Go
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Go
Is Better Choice'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 Better Choice. If investors know Better 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 Better Choice listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
53.4 M
Quarterly Revenue Growth YOY
0.5
Return On Assets
-0.18
Return On Equity
-0.52
The market value of Better Choice is measured differently than its book value, which is the value of Better that is recorded on the company's balance sheet. Investors also form their own opinion of Better Choice's value that differs from its market value or its book value, called intrinsic value, which is Better Choice'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 Better Choice's market value can be influenced by many factors that don't directly affect Better Choice'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 Better Choice's value and its price as these two are different measures arrived at by different means. Investors typically determine Better Choice value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Better Choice'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.