National Vision Net Income vs. Return On Asset

EYE
 Stock
  

USD 39.51  0.92  2.28%   

For National Vision profitability analysis, we use financial ratios and fundamental drivers that measure the ability of National Vision to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well National Vision Holdings utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between National Vision's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of National Vision Holdings over time as well as its relative position and ranking within its peers. Continue to Investing Opportunities.
  
The current year Price to Sales Ratio is expected to grow to 1.93, whereas Return on Sales is forecasted to decline to 0.07. As of December 5, 2022, Accumulated Other Comprehensive Income is expected to decline to about (8.7 M). In addition to that, Consolidated Income is expected to decline to about 74.5 M.
Is National Vision'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 National Vision. If investors know National 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 National Vision 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 YOY
(0.68) 
Market Capitalization
3.2 B
Quarterly Revenue Growth YOY
(0.036) 
Return On Assets
0.0234
Return On Equity
0.0608
The market value of National Vision Holdings is measured differently than its book value, which is the value of National that is recorded on the company's balance sheet. Investors also form their own opinion of National Vision's value that differs from its market value or its book value, called intrinsic value, which is National Vision'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 National Vision's market value can be influenced by many factors that don't directly affect National Vision'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 National Vision's value and its price as these two are different measures arrived at by different means. Investors typically determine National Vision value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, National Vision'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.

National Vision Holdings Return On Asset vs. Net Income Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining National Vision's current stock value. Our valuation model uses many indicators to compare National Vision value to that of its competitors to determine the firm's financial worth.
National Vision Holdings is rated # 4 in net income category among related companies. It is rated # 4 in return on asset category among related companies . The ratio of Net Income to Return On Asset for National Vision Holdings is about  5,480,512,821 . National Vision Net Income is projected to decrease significantly based on the last few years of reporting. The past year's Net Income was at 128.24 Million. Comparative valuation analysis is a catch-all model that can be used if you cannot value National Vision by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for National Vision's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the National Vision's earnings, one of the primary drivers of an investment's value.

National Return On Asset vs. Net Income

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.
National Vision 
Net Income 
 = 
(Rev + Gain) 
-  
(Exp + Loss) 
128.24 M
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.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
National Vision 
Return on Asset 
 = 
Net Income 
Total Assets 
X
100 
0.0234 %
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.

National Return On Asset Comparison

National Vision is currently under evaluation in return on asset category among related companies.

National Vision Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in National Vision, profitability is also one of the essential criteria for including it into their portfolios because, without profit, National Vision will eventually generate negative long term returns. The profitability progress is the general direction of National Vision's change in net profit over the period of time. It can combine multiple indicators of National Vision, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for 2022
Accumulated Other Comprehensive Income-1.9 M-8.7 M
Consolidated Income128.2 M74.5 M
Net Income128.2 M75.3 M
Net Income Common Stock128.2 M74.5 M
Operating Income174.9 M127 M
Income Tax Expense21.1 M17.2 M
Net Income Per Employee9.4 K5.7 K

National Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on National Vision. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of National Vision position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the National Vision's important profitability drivers and their relationship over time.

Use National Vision in pair-trading

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 National Vision 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 National Vision will appreciate offsetting losses from the drop in the long position's value.

National Vision Pair Trading

National Vision Holdings Pair Trading Analysis

The ability to find closely correlated positions to National Vision could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace National Vision 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 National Vision - 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 National Vision Holdings to buy it.
The correlation of National Vision 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 National Vision moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if National Vision Holdings 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 National Vision 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

Use Investing Themes to Complement your National Vision position

In addition to having National Vision in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Advertising Thematic Idea Now

Advertising
Advertising Theme
Companies specializing in advertising, marketing and advertising services. The Advertising theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Advertising Theme or any other thematic opportunities.
View All  Next Launch
Continue to Investing Opportunities. You can also try Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

Complementary Tools for analysis

When running National Vision Holdings price analysis, check to measure National Vision'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 National Vision is operating at the current time. Most of National Vision's value examination focuses on studying past and present price action to predict the probability of National Vision's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move National Vision's price. Additionally, you may evaluate how the addition of National Vision to your portfolios can decrease your overall portfolio volatility.
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Focused Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
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
Equity Valuation
Check real value of public entities based on technical and fundamental data
Go
Fund Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Go
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Go
Focused Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Go
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Price Transformation
Use Price Transformation models to analyze depth of different equity instruments across global markets
Go
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Go
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Go
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
To fully project National Vision's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of National Vision Holdings at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include National Vision's income statement, its balance sheet, and the statement of cash flows.
Potential National Vision investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although National Vision investors may work on each financial statement separately, they are all related. The changes in National Vision's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on National Vision'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. Please read more on our technical analysis and fundamental analysis pages.