Altagas Stock Performance
| ALA Stock | CAD 37.73 0.39 1.04% |
On a scale of 0 to 100, AltaGas holds a performance score of 19. The firm shows a Beta (market volatility) of 0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AltaGas' returns are expected to increase less than the market. However, during the bear market, the loss of holding AltaGas is expected to be smaller as well. Please check AltaGas' expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether AltaGas' price patterns will revert.
Risk-Adjusted Performance
Solid
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in AltaGas are ranked lower than 19 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, AltaGas displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
Forward Dividend Yield 0.0331 | Payout Ratio | Forward Dividend Rate 1.26 | Dividend Date 2025-03-31 | Ex Dividend Date 2025-03-17 |
1 | National Bank Financial Cuts Earnings Estimates for AltaGas - MarketBeat | 01/08/2025 |
2 | National Bank of Canada Assesses Tariff Impact on Pipelines, Midstream Companies - Marketscreener.com | 01/29/2025 |
3 | Is AltaGas Ltd.s 6.4 percent ROE Better Than Average - Yahoo Finance | 02/05/2025 |
4 | AltaGas Shareholders Will Receive A Bigger Dividend Than Last Year - Simply Wall St | 02/10/2025 |
5 | AltaGas Q4 Normalized Net Income Increases, Exceeds Estimates -March 07, 2025 at 0650 am EST - Marketscreener.com | 03/07/2025 |
| Begin Period Cash Flow | 104 M |
AltaGas |
AltaGas Relative Risk vs. Return Landscape
If you would invest 3,213 in AltaGas on December 19, 2024 and sell it today you would earn a total of 560.00 from holding AltaGas or generate 17.43% return on investment over 90 days. AltaGas is generating 0.2744% of daily returns assuming 1.13% volatility of returns over the 90 days investment horizon. Simply put, 10% of all stocks have less volatile historical return distribution than AltaGas, and 95% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
AltaGas Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for AltaGas' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as AltaGas, and traders can use it to determine the average amount a AltaGas' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.2428
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Estimated Market Risk
| 1.13 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.27 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 19 81% of assets perform better |
Based on monthly moving average AltaGas is performing at about 19% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of AltaGas by adding it to a well-diversified portfolio.
AltaGas Fundamentals Growth
AltaGas Stock prices reflect investors' perceptions of the future prospects and financial health of AltaGas, and AltaGas fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on AltaGas Stock performance.
| Return On Equity | 0.0719 | ||||
| Return On Asset | 0.0298 | ||||
| Profit Margin | 0.05 % | ||||
| Operating Margin | 0.11 % | ||||
| Current Valuation | 22.2 B | ||||
| Shares Outstanding | 297.97 M | ||||
| Price To Earning | 14.61 X | ||||
| Price To Book | 1.36 X | ||||
| Price To Sales | 0.89 X | ||||
| Revenue | 12.45 B | ||||
| Gross Profit | 3.25 B | ||||
| EBITDA | 1.68 B | ||||
| Net Income | 596 M | ||||
| Cash And Equivalents | 53 M | ||||
| Cash Per Share | 0.10 X | ||||
| Total Debt | 868 M | ||||
| Debt To Equity | 0.94 % | ||||
| Current Ratio | 0.76 X | ||||
| Book Value Per Share | 28.06 X | ||||
| Cash Flow From Operations | 1.54 B | ||||
| Earnings Per Share | 1.94 X | ||||
| Market Capitalization | 11.13 B | ||||
| Total Asset | 26.09 B | ||||
| Retained Earnings | (592 M) | ||||
| Working Capital | (681 M) | ||||
| Current Asset | 1.04 B | ||||
| Current Liabilities | 947.7 M | ||||
About AltaGas Performance
By examining AltaGas' fundamental ratios, stakeholders can obtain critical insights into AltaGas' financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that AltaGas is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 26.82 | 20.54 | |
| Return On Tangible Assets | 0.03 | 0.04 | |
| Return On Capital Employed | 0.08 | 0.07 | |
| Return On Assets | 0.02 | 0.04 | |
| Return On Equity | 0.07 | 0.09 |
Things to note about AltaGas performance evaluation
Checking the ongoing alerts about AltaGas for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for AltaGas help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| AltaGas has accumulated 868 M in total debt with debt to equity ratio (D/E) of 0.94, which is about average as compared to similar companies. AltaGas has a current ratio of 0.74, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist AltaGas until it has trouble settling it off, either with new capital or with free cash flow. So, AltaGas' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like AltaGas sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for AltaGas to invest in growth at high rates of return. When we think about AltaGas' use of debt, we should always consider it together with cash and equity. | |
| Latest headline from news.google.com: AltaGas Q4 Normalized Net Income Increases, Exceeds Estimates -March 07, 2025 at 0650 am EST - Marketscreener.com |
- Analyzing AltaGas' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether AltaGas' stock is overvalued or undervalued compared to its peers.
- Examining AltaGas' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating AltaGas' management team can have a significant impact on its success or failure. Reviewing the track record and experience of AltaGas' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of AltaGas' stock. These opinions can provide insight into AltaGas' potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in AltaGas Stock
AltaGas financial ratios help investors to determine whether AltaGas 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 AltaGas with respect to the benefits of owning AltaGas security.