High Arctic Energy Stock EBITDA

HWO Stock  CAD 1.15  0.03  2.68%   
High Arctic Energy fundamentals help investors to digest information that contributes to High Arctic's financial success or failures. It also enables traders to predict the movement of High Stock. The fundamental analysis module provides a way to measure High Arctic'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 High Arctic stock.
Last ReportedProjected for Next Year
EBITDA-6.7 M-6.4 M
As of the 4th of December 2024, EBITDA is likely to grow to about (6.4 M).
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

High Arctic Energy Company EBITDA Analysis

High Arctic's EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.

EBITDA

 = 

Revenue

-

Basic Expenses

More About EBITDA | All Equity Analysis

Current High Arctic EBITDA

    
  (6.72 M)  
Most of High Arctic's fundamental indicators, such as EBITDA, 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, High Arctic Energy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

High EBITDA Driver Correlations

Understanding the fundamental principles of building solid financial models for High Arctic is extremely important. It helps to project a fair market value of High Stock properly, considering its historical fundamentals such as EBITDA. Since High Arctic'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 High Arctic'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 High Arctic's interrelated accounts and indicators.
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Competition

High Ebitda

Ebitda

(6.38 Million)

High Arctic reported last year EBITDA of (6.72 Million)
According to the company disclosure, High Arctic Energy reported earnings before interest,tax, depreciation and amortization of (6.72 Million). This is 100.11% lower than that of the Energy Equipment & Services sector and 101.39% lower than that of the Energy industry. The ebitda for all Canada stocks is 100.17% higher than that of the company.

High EBITDA Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses High Arctic's direct or indirect competition against its EBITDA to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of High Arctic could also be used in its relative valuation, which is a method of valuing High Arctic by comparing valuation metrics of similar companies.
High Arctic is currently under evaluation in ebitda category among its peers.

High Arctic Current Valuation Drivers

We derive many important indicators used in calculating different scores of High Arctic from analyzing High Arctic's financial statements. These drivers represent accounts that assess High Arctic's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of High Arctic's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap461.8M229.6M290.7M208.5M239.8M227.8M
Enterprise Value463.2M216.2M295.2M164.5M189.2M179.7M

High Fundamentals

About High Arctic Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze High Arctic Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of High Arctic using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of High Arctic Energy 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.

Pair Trading with High Arctic

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 High Arctic 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 High Arctic will appreciate offsetting losses from the drop in the long position's value.

Moving against High Stock

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

Other Information on Investing in High Stock

High Arctic financial ratios help investors to determine whether High 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 High with respect to the benefits of owning High Arctic security.