Premium Income Stock Current Asset
| PIC-A Stock | CAD 6.10 0.01 0.16% |
Premium Income fundamentals help investors to digest information that contributes to Premium Income's financial success or failures. It also enables traders to predict the movement of Premium Stock. The fundamental analysis module provides a way to measure Premium Income'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 Premium Income stock.
Total Current Assets is likely to gain to about 8.1 M in 2024, whereas Non Current Assets Total are likely to drop slightly above 197.9 M in 2024. Premium | Current Asset |
Premium Income Company Current Asset Analysis
Premium Income's Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Premium Current Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Premium Income is extremely important. It helps to project a fair market value of Premium Stock properly, considering its historical fundamentals such as Current Asset. Since Premium Income'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 Premium Income'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 Premium Income's interrelated accounts and indicators.
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Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
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Premium Total Assets
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In accordance with the recently published financial statements, Premium Income has a Current Asset of 0.0. This is 100.0% lower than that of the Capital Markets sector and 100.0% lower than that of the Financials industry. The current asset for all Canada stocks is 100.0% higher than that of the company.
Premium Income Current Valuation Drivers
We derive many important indicators used in calculating different scores of Premium Income from analyzing Premium Income's financial statements. These drivers represent accounts that assess Premium Income's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Premium Income's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 64.8M | 136.9M | 122.1M | 81.9M | 94.2M | 127.9M | |
| Enterprise Value | 264.6M | 331.2M | 319.3M | 308.1M | 277.3M | 189.2M |
Premium Fundamentals
| Return On Equity | 0.0793 | ||||
| Return On Asset | 0.0382 | ||||
| Profit Margin | 0.18 % | ||||
| Operating Margin | 0.96 % | ||||
| Current Valuation | 48.3 M | ||||
| Shares Outstanding | 12.99 M | ||||
| Number Of Shares Shorted | 33.42 K | ||||
| Price To Earning | 13.42 X | ||||
| Price To Book | 1.65 X | ||||
| Price To Sales | 3.76 X | ||||
| Revenue | (29.09 M) | ||||
| Gross Profit | (17.63 M) | ||||
| EBITDA | (12.39 M) | ||||
| Net Income | (32.55 M) | ||||
| Cash And Equivalents | 245.23 M | ||||
| Cash Per Share | 21.35 X | ||||
| Total Debt | 229.66 M | ||||
| Debt To Equity | 240.10 % | ||||
| Current Ratio | 1.41 X | ||||
| Book Value Per Share | 4.10 X | ||||
| Cash Flow From Operations | (8.65 M) | ||||
| Short Ratio | 0.54 X | ||||
| Earnings Per Share | 39,080 X | ||||
| Beta | 1.2 | ||||
| Market Capitalization | 79.23 M | ||||
| Total Asset | 237.16 M | ||||
| Working Capital | 7.9 M | ||||
| Annual Yield | 0.16 % | ||||
| Five Year Return | 12.05 % | ||||
| Net Asset | 237.16 M | ||||
| Last Dividend Paid | 1.2 |
About Premium Income Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Premium Income's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Premium Income using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Premium Income 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 Premium Income
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 Premium Income 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 Premium Income will appreciate offsetting losses from the drop in the long position's value.Moving against Premium Stock
| 0.65 | RY-PM | Royal Bank | PairCorr |
| 0.63 | FFH-PF | Fairfax Financial | PairCorr |
| 0.6 | WMT | Walmart Inc CDR | PairCorr |
| 0.57 | Y | Yellow Pages Limited | PairCorr |
| 0.55 | JPM | JPMorgan Chase | PairCorr |
The ability to find closely correlated positions to Premium Income could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Premium Income 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 Premium Income - 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 Premium Income to buy it.
The correlation of Premium Income 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 Premium Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Premium Income 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 Premium Income 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.Additional Tools for Premium Stock Analysis
When running Premium Income's price analysis, check to measure Premium Income'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 Premium Income is operating at the current time. Most of Premium Income's value examination focuses on studying past and present price action to predict the probability of Premium Income's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Premium Income's price. Additionally, you may evaluate how the addition of Premium Income to your portfolios can decrease your overall portfolio volatility.