Thermal Energy International Stock Beta
| TMG Stock | CAD 0.19 0.01 5.00% |
Thermal Energy International fundamentals help investors to digest information that contributes to Thermal Energy's financial success or failures. It also enables traders to predict the movement of Thermal Stock. The fundamental analysis module provides a way to measure Thermal Energy'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 Thermal Energy stock.
Thermal | Beta |
Thermal Energy International Company Beta Analysis
Thermal Energy's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Thermal Energy Beta | 0.41 |
Most of Thermal Energy's fundamental indicators, such as Beta, 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, Thermal Energy International is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Thermal Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Thermal Energy is extremely important. It helps to project a fair market value of Thermal Stock properly, considering its historical fundamentals such as Beta. Since Thermal Energy'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 Thermal Energy'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 Thermal Energy's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Thermal Energy International has a Beta of 0.411. This is 70.0% lower than that of the Machinery sector and 70.85% lower than that of the Industrials industry. The beta for all Canada stocks is notably lower than that of the firm.
Thermal Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Thermal Energy's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Thermal Energy could also be used in its relative valuation, which is a method of valuing Thermal Energy by comparing valuation metrics of similar companies.Thermal Energy is currently under evaluation in beta category among its peers.
Thermal Energy Current Valuation Drivers
We derive many important indicators used in calculating different scores of Thermal Energy from analyzing Thermal Energy's financial statements. These drivers represent accounts that assess Thermal Energy's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Thermal Energy's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 12.9M | 29.0M | 14.8M | 18.1M | 42.0M | 44.1M | |
| Enterprise Value | 11.4M | 29.5M | 17.6M | 20.0M | 38.9M | 40.9M |
As returns on the market increase, Thermal Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Thermal Energy is expected to be smaller as well.
Thermal Fundamentals
| Return On Equity | 0.37 | |||
| Return On Asset | 0.0665 | |||
| Profit Margin | 0.04 % | |||
| Operating Margin | 0.05 % | |||
| Current Valuation | 33.07 M | |||
| Shares Outstanding | 172.73 M | |||
| Shares Owned By Insiders | 6.66 % | |||
| Shares Owned By Institutions | 0.18 % | |||
| Number Of Shares Shorted | 172.88 K | |||
| Price To Earning | 17.50 X | |||
| Price To Book | 8.79 X | |||
| Price To Sales | 1.18 X | |||
| Revenue | 25.88 M | |||
| Gross Profit | 9.57 M | |||
| EBITDA | 1.88 M | |||
| Net Income | 929.5 K | |||
| Cash And Equivalents | 3.8 M | |||
| Cash Per Share | 0.02 X | |||
| Total Debt | 921.02 K | |||
| Debt To Equity | 88.90 % | |||
| Current Ratio | 0.83 X | |||
| Book Value Per Share | 0.02 X | |||
| Cash Flow From Operations | 5.4 M | |||
| Short Ratio | 1.01 X | |||
| Earnings Per Share | 0.01 X | |||
| Target Price | 0.4 | |||
| Beta | 0.41 | |||
| Market Capitalization | 34.55 M | |||
| Total Asset | 16.79 M | |||
| Retained Earnings | (34.73 M) | |||
| Working Capital | 3.51 M | |||
| Net Asset | 16.79 M |
About Thermal Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Thermal Energy International's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Thermal Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Thermal Energy International 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 Thermal Stock Analysis
When running Thermal Energy's price analysis, check to measure Thermal Energy'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 Thermal Energy is operating at the current time. Most of Thermal Energy's value examination focuses on studying past and present price action to predict the probability of Thermal Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thermal Energy's price. Additionally, you may evaluate how the addition of Thermal Energy to your portfolios can decrease your overall portfolio volatility.