Calfrac Well Price To Book vs. Current Valuation
| CFWFF Stock | USD 2.84 0.01 0.35% |
For Calfrac Well profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Calfrac Well to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Calfrac Well Services utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Calfrac Well's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Calfrac Well Services over time as well as its relative position and ranking within its peers.
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Calfrac Well Services Current Valuation vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Calfrac Well's current stock value. Our valuation model uses many indicators to compare Calfrac Well value to that of its competitors to determine the firm's financial worth. Calfrac Well Services is rated below average in price to book category among its peers. It is rated below average in current valuation category among its peers reporting about 663,437,714 of Current Valuation per Price To Book. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Calfrac Well's earnings, one of the primary drivers of an investment's value.Calfrac Current Valuation vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
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| = | 0.79 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Calfrac Well |
| = | 521.2 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Calfrac Current Valuation vs Competition
Calfrac Well Services is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Energy industry is currently estimated at about 82.05 Billion. Calfrac Well maintains roughly 521.2 Million in current valuation contributing less than 1% to equities under Energy industry.
Calfrac Well Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Calfrac Well, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Calfrac Well will eventually generate negative long term returns. The profitability progress is the general direction of Calfrac Well's change in net profit over the period of time. It can combine multiple indicators of Calfrac Well, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, and Argentina. The company was founded in 1999 and is headquartered in Calgary, Canada. Calfrac Well operates under Oil Gas Equipment Services classification in the United States and is traded on OTC Exchange. It employs 2684 people.
Calfrac Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Calfrac Well. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Calfrac Well position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Calfrac Well's important profitability drivers and their relationship over time.
Use Calfrac Well in pair-trading
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 Calfrac Well 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 Calfrac Well will appreciate offsetting losses from the drop in the long position's value.Calfrac Well Pair Trading
Calfrac Well Services Pair Trading Analysis
The ability to find closely correlated positions to Calfrac Well could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Calfrac Well 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 Calfrac Well - 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 Calfrac Well Services to buy it.
The correlation of Calfrac Well 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 Calfrac Well moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Calfrac Well Services 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 Calfrac Well 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.Use Investing Themes to Complement your Calfrac Well position
In addition to having Calfrac Well in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Other Information on Investing in Calfrac Pink Sheet
To fully project Calfrac Well's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Calfrac Well Services at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Calfrac Well's income statement, its balance sheet, and the statement of cash flows.