Analysis Leverage Shares 3x Short South Korea ETC (SSKE)
6/4/2024
Analysis of Leverage Shares 3x Short South Korea ETC (SSKE)
The Leverage Shares 3x Short South Korea ETC (Exchange Traded Commodity) aims to provide investors with three times the inverse daily performance of the South Korean equity market. Looking at the recent data for the SSKE symbol:1. The RSI (Relative Strength Index) indicator has been fluctuating around the mid-range, indicating a neutral sentiment in the market.
2. The MACD (Moving Average Convergence Divergence) indicator has shown some volatility, with the MACD line crossing above and below the signal line, suggesting potential changes in momentum.
3. The Moving Averages (MA) indicators (SMA, EMA, WMA) have been relatively close to each other, indicating a stable trend in the short term.
4. The price has been fluctuating within a range, with some downward pressure evident in the MACD histogram.
Overall, the data suggests that the SSKE ETC may be experiencing some volatility and uncertainty in the short term. Investors should closely monitor the market conditions and consider their risk tolerance before making any investment decisions in this leveraged ETC.
Income statement 💸
These are the revenue figures. Here are the conclusions:1. The company's sales revenue has been increasing steadily over the years, from $274.5 billion in 2020 to $383.3 billion in 2023.
2. Despite the increase in sales, the cost of goods sold has also been rising, indicating a potential need for cost management strategies.
3. The gross profit margin has remained relatively stable over the years, indicating efficient cost control measures.
4. Operating income has shown a positive trend, reaching $114.3 billion in 2023 from $66.3 billion in 2020.
5. Net income has also been increasing consistently, from $57.4 billion in 2020 to $97 billion in 2023, showing a healthy growth trajectory.
6. Earnings per share (EPS) have shown a slight fluctuation but have generally been on an upward trend, indicating improved profitability per share.
7. The company has been able to maintain a stable diluted shares outstanding figure over the years, which is important for shareholders' equity.
8. Overall, the financial performance of the company in terms of revenue and profitability has been positive and shows a promising outlook for the future.
Balance Sheet
These are balance sheets. Here are the conclusions based on the data provided:1. The total assets have been increasing over the years, reaching the highest value of $365,725,000,000 in 2018.
2. The current assets include cash, inventory, and accounts receivable, with a significant portion in cash and cash equivalents.
3. Non-current assets consist of investments, machinery, furniture, equipment, and other non-current assets.
4. Total liabilities have also been increasing, with the highest value of $302,083,000,000 in 2022.
5. Current liabilities include short-term debt, accounts payable, and other current liabilities.
6. Non-current liabilities consist of long-term debt, other non-current liabilities, and provisions.
7. Shareholders' equity has shown fluctuations over the years, with the highest value of $90,488,000,000 in 2019.
8. Common stock and retained earnings are the major components of shareholders' equity.
9. The company has been investing in leases, land, improvements, and other investments to grow its asset base.
10. The company has been managing its debt levels by balancing short-term and long-term debt with its assets and equity.
Cash Flow 💶
This is the cash flow statement. Here are some conclusions we can draw from the data:1. The company's free cash flow has been fluctuating over the years, with the highest value in 2022 and the lowest in 2020.
2. Operating cash flow has generally been increasing year over year, indicating improved operational efficiency.
3. The company has been consistently paying interest and income taxes, with varying amounts each year.
4. The end cash position has also been fluctuating, reaching its highest value in 2020.
5. Financing activities show a pattern of common stock repurchase, issuance of long-term debt, and payment of dividends.
6. Investing activities include the sale and purchase of investments, as well as capital expenditures.
7. Overall, the company seems to be managing its cash flow effectively, with a focus on operational performance and strategic investments.
Earnings estimate
Based on the analysts' estimates for future quarterly and annual earnings per share (EPS), we can draw the following conclusions:1. For the current quarter ending on June 30, 2024, the average EPS estimate is $1.23, with a low estimate of $1.18 and a high estimate of $1.26. This represents an increase compared to the EPS of $1.17 from the same quarter a year ago.
2. For the next quarter ending on September 30, 2024, the average EPS estimate is $1.42, with a low estimate of $1.33 and a high estimate of $1.51. This also shows growth from the EPS of $1.35 in the corresponding quarter last year.
3. Looking at the estimates for the current fiscal year ending on September 30, 2024, analysts project an average EPS of $6.10, ranging from a low estimate of $5.95 to a high estimate of $6.41. This indicates an improvement from the EPS of $5.67 for the previous fiscal year.
4. For the next fiscal year ending on September 30, 2025, analysts forecast an average EPS of $6.69, with a low estimate of $5.92 and a high estimate of $7.31. This suggests a potential increase compared to the EPS of $6.10 in the current fiscal year.
Overall, the analysts' estimates point towards a positive trend of increasing earnings per share for both the upcoming quarters and the next fiscal years.
Revenue estimate
The analysts' estimates for the future quarterly and annual sales of the company indicate a moderate growth trend.For the current quarter ending on June 30, 2024, the average estimate is $77,545,400,000, representing a 2% increase from the same quarter last year. The number of analysts providing estimates is 25.
Looking ahead to the next quarter ending on September 30, 2024, the average estimate is $85,501,800,000, with a sales growth of 3% compared to the previous year. The number of analysts remains at 25.
For the current fiscal year ending on September 30, 2024, the average estimate is $357,772,000,000, showing a 1% growth from the previous year. The number of analysts providing estimates has increased to 38.
In the following fiscal year ending on September 30, 2025, the average estimate is $380,772,000,000, indicating a more significant growth of 6% from the current fiscal year. The number of analysts remains at 38.
Overall, the estimates suggest a steady growth trajectory for the company's sales in the upcoming quarters and years, with a slightly more optimistic outlook for the next fiscal year.
Growth estimates
Based on the consensus estimates provided by analysts, we can draw the following conclusions regarding the growth rate of the company for different periods:1. Current Quarter: The estimated growth rate for the current quarter is 5.1%.
2. Next Quarter: The estimated growth rate for the next quarter is 5.2%.
3. Current Year: The estimated growth rate for the current year is 7.6%.
4. Next Year: The estimated growth rate for the next year is 9.7%.
5. Past 5 Years (per annum): The average annual growth rate for the past 5 years is 20.1%.
6. Next 5 Years (per annum): The estimated average annual growth rate for the next 5 years is 9.7%.
These estimates suggest a positive growth trend for the company, with a slight increase in growth rate expected in the near future compared to the current year. However, the projected growth rates for the next year and the next 5 years are lower than the average growth rate achieved in the past 5 years.
Price target
The analysts' forecast for the future price of the security is as follows:- Low: $164
- High: $275
- Median: $201.43
- Average: $204.58
- Current price: $192.25
Based on these figures, we can see that the analysts have a range of opinions on the future price of the security, with a median forecast of $201.43. The current price of the security is below both the average and median forecast, indicating that the analysts are generally predicting an increase in the price of the security.
Earnings
The company's results for the most recent quarter, ending on April 30, 2025, have not been provided at this time. The previous quarter's results, ending on February 27, 2025, were handled by the Transfer Agent. The quarter before that, ending on January 31, 2025, had results released after hours. The results for the quarter ending on October 31, 2024, were not provided at the time. However, for the quarter ending on August 1, 2024, the company had an EPS estimate of 1.32.Main Statystic ðŸ§
The data provides a comprehensive overview of the financials, stock statistics, valuations metrics, stock price summary, and dividends and splits for a particular company.1. **Financials**:
- **Cash Flow**: Operating cash flow for the trailing twelve months (TTM) is $110,563,000,320, while levered free cash flow for TTM is $84,726,874,112.
- **Balance Sheet**: Total cash on a most recent quarter (MRQ) basis is $67,150,000,128, total debt on MRQ is $104,590,000,128, current ratio on MRQ is 1.037, book value per share on MRQ is $4.837, total cash per share on MRQ is $4.379, and total debt to equity on MRQ is 140.968.
- **Profit Margin**: The profit margin is 26.306%.
- **Income Statement**: EBITDA is $131,393,000,000, revenue for TTM is $381,623,009,280, diluted EPS for TTM is $6.43, gross profit for TTM is $169,148,000,000, revenue per share for TTM is $24.537, net income to common for TTM is $100,389,003,264, quarterly revenue growth is -4.3%, and quarterly earnings growth year-over-year is -2.2%.
- **Operating Margin**: The operating margin is 30.743%.
- **Return on Assets (TTM)**: 22.073999%.
- **Return on Equity (TTM)**: 147.25%.
2. **Stock Statistics**:
- **Short Ratio**: 1.53.
- **Float Shares**: 15,308,320,742.
- **Shares Short**: 99,287,450.
- **Average 10-Day Volume**: 46,860,048.
- **Average 90-Day Volume**: 57,498,254.
- **Shares Outstanding**: 15,334,099,968.
- **Percent Held by Insiders**: 5.22%.
- **Percent Held by Institutions**: 57.589%.
- **Short Percent of Shares Outstanding**: 0.65%.
3. **Valuations Metrics**:
- **PEG Ratio**: 26.319502.
- **Forward PE**: 26.319502.
- **Trailing PE**: 29.59409.
- **Enterprise Value**: $2,950,762,332,160.
- **Price to Book (MRQ)**: 39.3405.
- **Price to Sales (TTM)**: 7.646095.
- **Enterprise to EBITDA**: 22.763.
- **Enterprise to Revenue**: 7.732.
- **Market Capitalization**: $2,917,925,650,432.
4. **Stock Price Summary**:
- **Beta**: 1.264.
- **50-Day Moving Average**: $176.2646.
- **200-Day Moving Average**: $181.0429.
- **52-Week Low**: $164.08.
- **52-Week High**: $199.62.
- **52-Week Change**: 6.853%.
5. **Dividends and Splits**:
- **Payout Ratio**: 14.93%.
- **Dividend Date**: May 16, 2024.
- **Last Split Date**: August 31, 2020.
- **Ex-Dividend Date**: May 10, 2024.
- **Last Split Factor**: 4-for-1 split.
- **Forward Annual Dividend Rate**: $1.
- **5-Year Average Dividend Yield**: 0.73%.
- **Forward Annual Dividend Yield**: 0.5255%.
- **Trailing Annual Dividend Rate**: $0.97.
- **Trailing Annual Dividend Yield**: 0.5097%.
MACD of SSKE
This is not investment advice. Remember to verify the information provided here.
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