Canoo Holdings Total Debt vs. EBITDA
| GOEVW Stock | USD 0.02 0.01 28.11% |
For Canoo Holdings profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Canoo Holdings to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Canoo Holdings utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Canoo Holdings's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Canoo Holdings over time as well as its relative position and ranking within its peers.
Canoo |
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canoo Holdings. If investors know Canoo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canoo Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share 0.032 | Quarterly Revenue Growth 0.717 | Return On Assets (0.25) | Return On Equity (0.73) |
The market value of Canoo Holdings is measured differently than its book value, which is the value of Canoo that is recorded on the company's balance sheet. Investors also form their own opinion of Canoo Holdings' value that differs from its market value or its book value, called intrinsic value, which is Canoo Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canoo Holdings' market value can be influenced by many factors that don't directly affect Canoo Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Canoo Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Canoo Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canoo Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Canoo Holdings EBITDA vs. Total Debt Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Canoo Holdings's current stock value. Our valuation model uses many indicators to compare Canoo Holdings value to that of its competitors to determine the firm's financial worth. Canoo Holdings is rated as one of the top companies in total debt category among its peers. It also is one of the top stocks in ebitda category among its peers . Canoo Holdings reported EBITDA of (282.64 Million) in 2023. Comparative valuation analysis is a catch-all technique that is used if you cannot value Canoo Holdings by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Canoo Total Debt vs. Competition
Canoo Holdings is rated as one of the top companies in total debt category among its peers. Total debt of Materials industry is currently estimated at about 373.06 Million. Canoo Holdings totals roughly 89.99 Million in total debt claiming about 24% of all equities under Materials industry.
Canoo EBITDA vs. Total Debt
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Canoo Holdings |
| = | 89.99 M |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Canoo Holdings |
| = | (282.64 M) |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Canoo EBITDA Comparison
Canoo Holdings is currently under evaluation in ebitda category among its peers.
Canoo Holdings Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Canoo Holdings, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Canoo Holdings will eventually generate negative long term returns. The profitability progress is the general direction of Canoo Holdings' change in net profit over the period of time. It can combine multiple indicators of Canoo Holdings, 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 | ||
| Accumulated Other Comprehensive Income | -6.4 M | -6.8 M | |
| Operating Income | -267.8 M | -281.2 M | |
| Income Before Tax | -302 M | -317.1 M | |
| Net Loss | -312.1 M | -296.5 M | |
| Net Loss | -302 M | -317.1 M | |
| Net Interest Income | -6.8 M | -7.2 M | |
| Interest Income | 120.6 M | 60.7 M | |
| Net Loss | -353.8 M | -371.5 M | |
| Total Other Income Expense Net | -34.2 M | -32.5 M | |
| Income Tax Expense | 1.00 | 1.05 | |
| Non Operating Income Net Other | -1.3 M | -1.2 M | |
| Change To Netincome | 126.5 M | 132.8 M | |
| Net Loss | (12.06) | (12.66) | |
| Income Quality | 0.83 | 1.02 | |
| Net Income Per E B T | 1.10 | 1.02 |
Canoo Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Canoo Holdings. 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 Canoo Holdings 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 Canoo Holdings' important profitability drivers and their relationship over time.
Use Canoo Holdings 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 Canoo Holdings 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 Canoo Holdings will appreciate offsetting losses from the drop in the long position's value.Canoo Holdings Pair Trading
Canoo Holdings Pair Trading Analysis
The ability to find closely correlated positions to Canoo Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canoo Holdings 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 Canoo Holdings - 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 Canoo Holdings to buy it.
The correlation of Canoo Holdings 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 Canoo Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canoo Holdings 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 Canoo Holdings 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 Canoo Holdings position
In addition to having Canoo Holdings 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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Machinery
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Additional Tools for Canoo Stock Analysis
When running Canoo Holdings' price analysis, check to measure Canoo Holdings' 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 Canoo Holdings is operating at the current time. Most of Canoo Holdings' value examination focuses on studying past and present price action to predict the probability of Canoo Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canoo Holdings' price. Additionally, you may evaluate how the addition of Canoo Holdings to your portfolios can decrease your overall portfolio volatility.