Well Health Technologies Stock Price To Sales
| WELL Stock | CAD 5.86 0.31 5.59% |
WELL Health Technologies fundamentals help investors to digest information that contributes to WELL Health's financial success or failures. It also enables traders to predict the movement of WELL Stock. The fundamental analysis module provides a way to measure WELL Health'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 WELL Health stock.
| Last Reported | Projected for Next Year | ||
| Price To Sales Ratio | 1.17 | 1.11 |
WELL | Price To Sales |
WELL Health Technologies Company Price To Sales Analysis
WELL Health's Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Current WELL Health Price To Sales | 1.44 X |
Most of WELL Health's fundamental indicators, such as Price To Sales, 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, WELL Health Technologies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
WELL Price To Sales Driver Correlations
Understanding the fundamental principles of building solid financial models for WELL Health is extremely important. It helps to project a fair market value of WELL Stock properly, considering its historical fundamentals such as Price To Sales. Since WELL Health'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 WELL Health'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 WELL Health's interrelated accounts and indicators.
Click cells to compare fundamentals
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
| Competition |
WELL Price To Sales Ratio
Price To Sales Ratio |
|
Based on the latest financial disclosure, WELL Health Technologies has a Price To Sales of 1.4426 times. This is 93.26% lower than that of the Health Care Providers & Services sector and significantly higher than that of the Health Care industry. The price to sales for all Canada stocks is 87.37% higher than that of the company.
WELL Price To Sales Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses WELL Health's direct or indirect competition against its Price To Sales to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of WELL Health could also be used in its relative valuation, which is a method of valuing WELL Health by comparing valuation metrics of similar companies.WELL Health is currently under evaluation in price to sales category among its peers.
WELL Health Current Valuation Drivers
We derive many important indicators used in calculating different scores of WELL Health from analyzing WELL Health's financial statements. These drivers represent accounts that assess WELL Health's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of WELL Health's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 151.2M | 1.1B | 937.3M | 626.8M | 910.7M | 956.2M | |
| Enterprise Value | 154.7M | 1.0B | 1.3B | 936.3M | 1.3B | 1.4B |
WELL Fundamentals
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.0245 | ||||
| Profit Margin | 0.08 % | ||||
| Operating Margin | 0.07 % | ||||
| Current Valuation | 1.71 B | ||||
| Shares Outstanding | 248.93 M | ||||
| Shares Owned By Insiders | 21.32 % | ||||
| Shares Owned By Institutions | 6.12 % | ||||
| Number Of Shares Shorted | 1.29 M | ||||
| Price To Book | 1.63 X | ||||
| Price To Sales | 1.44 X | ||||
| Revenue | 776.05 M | ||||
| Gross Profit | 303.29 M | ||||
| EBITDA | 101.88 M | ||||
| Net Income | 82 K | ||||
| Cash And Equivalents | 48.91 M | ||||
| Cash Per Share | 0.25 X | ||||
| Total Debt | 426.28 M | ||||
| Debt To Equity | 0.48 % | ||||
| Current Ratio | 1.14 X | ||||
| Book Value Per Share | 3.40 X | ||||
| Cash Flow From Operations | 62.59 M | ||||
| Short Ratio | 1.25 X | ||||
| Earnings Per Share | 0.31 X | ||||
| Price To Earnings To Growth | (1.32) X | ||||
| Target Price | 7.68 | ||||
| Beta | 1.18 | ||||
| Market Capitalization | 1.38 B | ||||
| Total Asset | 1.41 B | ||||
| Retained Earnings | (63.58 M) | ||||
| Working Capital | 23.44 M | ||||
| Net Asset | 1.41 B |
About WELL Health Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze WELL Health Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of WELL Health using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of WELL Health Technologies 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 WELL Health
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 WELL Health 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 WELL Health will appreciate offsetting losses from the drop in the long position's value.Moving together with WELL Stock
The ability to find closely correlated positions to WELL Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WELL Health 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 WELL Health - 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 WELL Health Technologies to buy it.
The correlation of WELL Health 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 WELL Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WELL Health Technologies 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 WELL Health 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.Other Information on Investing in WELL Stock
WELL Health financial ratios help investors to determine whether WELL 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 WELL with respect to the benefits of owning WELL Health security.