We recommend to use Ritchie Bros Auctioneers fundamental analysis to see if markets are presently undervaluing or overvaluing the firm. Put it differently, this technique allows you to confirm available drivers of Ritchie Bros Auctioneers as well as the relationship between them. We were able to analyze fourty available financial ratios for Ritchie Bros Auctioneers, which can be compared to its competitors. The stock experiences a normal upward fluctuation. Check odds of Ritchie Bros to be traded at C$143.25 in 90 days. Key indicators impacting Ritchie Bros' financial strength include:
Ritchie Bros competes with Toromont Industries, Stantec, Finning International, FirstService Corp, and CCL Industries. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved live on site auctions, online marketplaces, listing services, and private brokerage services. Auctioneers Incorporated was founded in 1958 and is headquartered in Burnaby, Canada. RITCHIE BROS operates under Specialty Business Services classification in Canada and is traded on Toronto Stock Exchange. It employs 2500 people.
You should never invest in Ritchie Bros without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Ritchie Stock, because this is throwing your money away. Analyzing the key information contained in Ritchie Bros' financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Ritchie Bros Key Financial Ratios
Ritchie Bros' financial ratios allow both analysts and investors to convert raw data from Ritchie Bros' financial statements into concise, actionable information that can be used to evaluate the performance of Ritchie Bros over time and compare it to other companies across industries.
Comparative valuation techniques use various fundamental indicators to help in determining Ritchie Bros's current stock value. Our valuation model uses many indicators to compare Ritchie Bros value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Ritchie Bros competition to find correlations between indicators driving Ritchie Bros's intrinsic value. More Info.
Ritchie Bros Auctioneers is rated below average in return on equity category among its peers. It also is rated below average in return on asset category among its peers reporting about 0.59 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Ritchie Bros Auctioneers is roughly 1.71 . At this time, Ritchie Bros' Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Ritchie Bros by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Ritchie Bros' 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.
Ritchie Bros Auctioneers Systematic Risk
Ritchie Bros' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Ritchie Bros volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-one with a total number of output elements of fourty. The Beta measures systematic risk based on how returns on Ritchie Bros Auctioneers correlated with the market. If Beta is less than 0 Ritchie Bros generally moves in the opposite direction as compared to the market. If Ritchie Bros Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Ritchie Bros Auctioneers is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Ritchie Bros is generally in the same direction as the market. If Beta > 1 Ritchie Bros moves generally in the same direction as, but more than the movement of the benchmark.
Ritchie Bros Auctioneers Total Assets Over Time
Today, most investors in Ritchie Bros Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Ritchie Bros' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Ritchie Bros growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of Ritchie Bros help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Ritchie Bros Auctioneers. We use our internally-developed statistical techniques to arrive at the intrinsic value of Ritchie Bros Auctioneers based on widely used predictive technical indicators. In general, we focus on analyzing Ritchie Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Ritchie Bros's daily price indicators and compare them against related drivers.
Ritchie Bros financial ratios help investors to determine whether Ritchie 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 Ritchie with respect to the benefits of owning Ritchie Bros security.