Canoe EIT Price To Earning vs. Cash Per Share
| EIT-UN Stock | CAD 15.07 0.21 1.37% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.71 | 0.8352 |
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| Operating Profit Margin | 0.7 | 0.8081 |
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For Canoe EIT profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Canoe EIT to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Canoe EIT Income utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Canoe EIT's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Canoe EIT Income over time as well as its relative position and ranking within its peers.
Canoe |
Canoe EIT Income Cash Per Share vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Canoe EIT's current stock value. Our valuation model uses many indicators to compare Canoe EIT value to that of its competitors to determine the firm's financial worth. Canoe EIT Income is one of the top stocks in price to earning category among its peers. It also is one of the top stocks in cash per share category among its peers fabricating about 0.13 of Cash Per Share per Price To Earning. The ratio of Price To Earning to Cash Per Share for Canoe EIT Income is roughly 7.51 . At present, Canoe EIT's Cash Per Share is projected to decrease significantly based on the last few years of reporting. Comparative valuation analysis is a catch-all model that can be used if you cannot value Canoe EIT by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Canoe EIT's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Canoe Cash Per Share vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Canoe EIT |
| = | 6.16 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Canoe EIT |
| = | 0.82 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Canoe Cash Per Share Comparison
Canoe EIT is currently under evaluation in cash per share category among its peers.
Canoe EIT Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Canoe EIT, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Canoe EIT will eventually generate negative long term returns. The profitability progress is the general direction of Canoe EIT's change in net profit over the period of time. It can combine multiple indicators of Canoe EIT, 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.
| Last Reported | Projected for Next Year | ||
| Operating Income | 139.4 M | 136.6 M | |
| Income Before Tax | 124.7 M | 124.6 M | |
| Total Other Income Expense Net | -14.7 M | -15.4 M | |
| Net Income | 124.7 M | 137.9 M | |
| Income Tax Expense | 124.7 M | 171.1 M | |
| Net Income Applicable To Common Shares | 662.2 M | 695.4 M | |
| Net Interest Income | -577 K | -548.1 K | |
| Interest Income | 5.2 M | 2.9 M | |
| Net Income From Continuing Ops | 124.7 M | 192.2 M | |
| Change To Netincome | -529.2 M | -502.7 M | |
| Net Income Per Share | 0.74 | 0.86 | |
| Income Quality | (0.90) | (0.86) |
Canoe Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Canoe EIT. 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 Canoe EIT 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 Canoe EIT's important profitability drivers and their relationship over time.
Use Canoe EIT 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 Canoe EIT 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 Canoe EIT will appreciate offsetting losses from the drop in the long position's value.Canoe EIT Pair Trading
Canoe EIT Income Pair Trading Analysis
The ability to find closely correlated positions to Canoe EIT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canoe EIT 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 Canoe EIT - 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 Canoe EIT Income to buy it.
The correlation of Canoe EIT 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 Canoe EIT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canoe EIT 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 Canoe EIT 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 Canoe EIT position
In addition to having Canoe EIT 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?
Run Basic Utilities Thematic Idea Now
Basic Utilities
Companies involved in production and distribution of electric, gas, water, and other energy utilities. The Basic Utilities theme has 46 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Basic Utilities Theme or any other thematic opportunities.
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Other Information on Investing in Canoe Stock
To fully project Canoe EIT's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Canoe EIT Income 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 Canoe EIT's income statement, its balance sheet, and the statement of cash flows.