Better Historical Valuation

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USD 2.30  0.01  0.43%   

Some fundamental drivers such as market cap or Better Choice enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze Better Choice valuation indicators such as Earnings Before Interest Taxes and Depreciation Amortization EBITDA of 9 M or Earnings before Tax of 3.7 M to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of Better Choice's future value. Financial Statement Analysis is much more than just reviewing and breaking down Better Choice prevalent accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Better Choice is a good buy for the upcoming year.
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About Better Valuation Data Analysis

Valuation is the financial process of determining what Better Choice is worth. Better Choice valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. Better Choice valuation ratios help investors to determine whether Better Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Better with respect to the benefits of owning Better Choice security.

Better Choice Valuation Data Chart

Better valuation ratios help to determine how cheap or expensive it is, compared to its peers or based on some benchmark measure of value for a given date. A typical valuation ratio shows the difference between the cost of Better equity instrument and the benefits of owning shares of Better Choice.
Better Choice Tangible Asset Value is relatively stable at the moment as compared to the past year. Better Choice reported last year Tangible Asset Value of 44.46 Million. As of 08/11/2022, Working Capital is likely to grow to about 39.5 M, while Free Cash Flow is likely to drop (12.5 M).

Average Assets

Average asset value for the period used in calculation of Return on Average Equity and Return on Average Assets; derived from Total Assets.

Enterprise Value

Enterprise Value (or EV) is usually referred to as Better Choice theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Better Choice debt, but would also pocket its cash. Enterprise Value is more accurate representation of Better Choice value than its market capitalization because it takes into account all of Better Choice existing debt. Enterprise value is a measure of the value of a business as a whole; calculated as Market Capitalization plus Total Debt USD minus Cash and Equivalents USD.

Market Capitalization

Market capitalization (or market cap) is the total value of the shares outstanding of Better Choice. It is equal to Better Choice current share price times the number of Better Choice outstanding shares. Represents the product of [SharesBas]; [Price] and [ShareFactor].
Most indicators from Better Choice valuation accounts are interrelated and interconnected. However, analyzing valuation accounts indicators one by one will only give a small insight into Better Choice current financial condition. On the other hand, looking into the entire matrix of valuation accounts indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Continue to Trending Equities.Better Choice Tangible Asset Value is relatively stable at the moment as compared to the past year. Better Choice reported last year Tangible Asset Value of 44.46 Million. As of 08/11/2022, Working Capital is likely to grow to about 39.5 M, while Free Cash Flow is likely to drop (12.5 M).
 2019 2020 2021 2022 (projected)
Tangible Asset Value20.28 M19.52 M44.46 M47.97 M
Market Capitalization122.65 M62.41 M94.45 M86.14 M

Better Choice valuation accounts Correlations

Better Choice Account Relationship Matchups

Better Choice valuation accounts Accounts

201720182019202020212022 (projected)
Average Assets47.97 K17.66 K29.76 M50.69 M63.77 M68.8 M
Average Equity(187.34 K)(1.02 M)(5.06 M)(17.99 M)25.47 M27.48 M
Invested Capital Average(154 K)(487.78 K)10.28 M16.47 M8.05 M8.68 M

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.

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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

0.63BRBRBellRing Brands Fiscal Year End 17th of November 2022 PairCorr

Moving against Better Choice

0.52APPHAppharvest 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 Trending Equities. 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 CEO Directory module to screen CEOs from public companies around the world.

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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.
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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
69.9 M
Quarterly Revenue Growth YOY
0.57
Return On Assets
-0.16
Return On Equity
1.11
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.