Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
New Light Apparels. This is due to cash flow or dividend data being
unavailable. The share price is
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
New Light Apparels's
is considered below, and whether this is a fair price.
Price based on past earnings
New Light Apparels's earnings available for a low price, and how does
this compare to other companies in the same industry?
New Light Apparels's earnings are expected to grow by 10.9% yearly, however this is not considered high growth (20% yearly).
Unable to determine if New Light Apparels is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
New Light Apparels's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
New Light Apparels
has a total score of
2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
New Light Apparels's finances.
The net worth of a company is the difference between its assets and liabilities.
New Light Apparels is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
New Light Apparels's cash and other short term assets cover its long term commitments.
This treemap shows a more detailed breakdown of
New Light Apparels's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Low level of unsold assets.
Debt is covered by short term assets, assets are 11.8x debt.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
New Light Apparels Limited manufactures, exports, and supplies hand gloves and sweaters in India. The company offers men's, ladies, and kids sweaters; and cotton gloves, safety gloves, cotton glove sleeves, industrial gloves, knitted gloves, and safety gloves with wrist. It also provides socks and stockings, such as ladies socks, cotton blended stocks, cotton socks, and industrial socks; wind cheaters; T-shirts and shirts; bags; towels; and uniforms. In addition, the company offers new and used glove knitting machines. New Light Apparels Limited exports its products. The company was founded in 1959 and is based in New Delhi, India.
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