Elcora Advanced Materials Stock Return On Equity
| ERA Stock | CAD 0.01 0.01 25.00% |
Elcora Advanced Materials fundamentals help investors to digest information that contributes to Elcora Advanced's financial success or failures. It also enables traders to predict the movement of Elcora Stock. The fundamental analysis module provides a way to measure Elcora Advanced's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Elcora Advanced stock.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 0.87 | 1.46 |
Elcora | Return On Equity |
Elcora Advanced Materials Company Return On Equity Analysis
Elcora Advanced's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Elcora Advanced Return On Equity | -13.89 |
Most of Elcora Advanced's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Elcora Advanced Materials is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Elcora Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Elcora Advanced is extremely important. It helps to project a fair market value of Elcora Stock properly, considering its historical fundamentals such as Return On Equity. Since Elcora Advanced's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Elcora Advanced's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Elcora Advanced's interrelated accounts and indicators.
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For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Elcora Total Stockholder Equity
Total Stockholder Equity |
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Based on the latest financial disclosure, Elcora Advanced Materials has a Return On Equity of -13.8891. This is 1626.27% lower than that of the Metals & Mining sector and significantly lower than that of the Materials industry. The return on equity for all Canada stocks is notably higher than that of the company.
Elcora Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Elcora Advanced's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Elcora Advanced could also be used in its relative valuation, which is a method of valuing Elcora Advanced by comparing valuation metrics of similar companies.Elcora Advanced is currently under evaluation in return on equity category among its peers.
Elcora Advanced Current Valuation Drivers
We derive many important indicators used in calculating different scores of Elcora Advanced from analyzing Elcora Advanced's financial statements. These drivers represent accounts that assess Elcora Advanced's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Elcora Advanced's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 2.6M | 10.0M | 6.6M | 21.6M | 5.0M | 9.0M | |
| Enterprise Value | 3.4M | 10.9M | 7.1M | 22.5M | 6.1M | 9.1M |
Elcora Fundamentals
| Return On Equity | -13.89 | ||||
| Return On Asset | -0.33 | ||||
| Operating Margin | (8.04) % | ||||
| Current Valuation | 3.58 M | ||||
| Shares Outstanding | 170.38 M | ||||
| Shares Owned By Insiders | 7.50 % | ||||
| Number Of Shares Shorted | 9.17 K | ||||
| Price To Earning | (5.50) X | ||||
| Price To Book | 135.90 X | ||||
| Price To Sales | 21.12 X | ||||
| Revenue | 120.98 K | ||||
| EBITDA | (953.87 K) | ||||
| Net Income | (1.26 M) | ||||
| Cash And Equivalents | 2.85 K | ||||
| Total Debt | 418.1 K | ||||
| Debt To Equity | 6.50 % | ||||
| Book Value Per Share | (0.01) X | ||||
| Cash Flow From Operations | (146.83 K) | ||||
| Short Ratio | 0.26 X | ||||
| Earnings Per Share | (0.01) X | ||||
| Beta | 0.56 | ||||
| Market Capitalization | 2.56 M | ||||
| Total Asset | 1.72 M | ||||
| Retained Earnings | (26.48 M) | ||||
| Working Capital | (2.4 M) | ||||
| Net Asset | 1.72 M |
About Elcora Advanced Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Elcora Advanced Materials's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Elcora Advanced using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Elcora Advanced Materials based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Additional Tools for Elcora Stock Analysis
When running Elcora Advanced's price analysis, check to measure Elcora Advanced'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 Elcora Advanced is operating at the current time. Most of Elcora Advanced's value examination focuses on studying past and present price action to predict the probability of Elcora Advanced's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elcora Advanced's price. Additionally, you may evaluate how the addition of Elcora Advanced to your portfolios can decrease your overall portfolio volatility.