Journey Energy Shares Owned By Institutions vs. Current Valuation

JOY Stock  CAD 2.14  0.05  2.39%   
Based on the key profitability measurements obtained from Journey Energy's financial statements, Journey Energy is performing exceptionally good at this time. It has a great risk to showcase excellent profitability results in January. Profitability indicators assess Journey Energy's ability to earn profits and add value for shareholders. At this time, Journey Energy's Price To Sales Ratio is very stable compared to the past year. As of the 12th of December 2024, Days Sales Outstanding is likely to grow to 60.91, while Sales General And Administrative To Revenue is likely to drop 0.04. At this time, Journey Energy's Net Income Applicable To Common Shares is very stable compared to the past year. As of the 12th of December 2024, Interest Income is likely to grow to about 7.5 M, while Total Other Income Expense Net is likely to drop (8.2 M).
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.20.2081
Sufficiently Down
Slightly volatile
For Journey Energy profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Journey Energy to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Journey Energy utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Journey Energy's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Journey Energy over time as well as its relative position and ranking within its peers.
  
Check out Risk vs Return Analysis.
Please note, there is a significant difference between Journey Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Journey Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Journey Energy's 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.

Journey Energy Current Valuation vs. Shares Owned By Institutions Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Journey Energy's current stock value. Our valuation model uses many indicators to compare Journey Energy value to that of its competitors to determine the firm's financial worth.
Journey Energy is rated second overall in shares owned by institutions category among its peers. It is rated fifth overall in current valuation category among its peers reporting about  9,161,342  of Current Valuation per Shares Owned By Institutions. Comparative valuation analysis is a catch-all model that can be used if you cannot value Journey Energy by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Journey Energy'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.

Journey Current Valuation vs. Shares Owned By Institutions

Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.

Journey Energy

Shares Held by Institutions

 = 

Funds and Banks

+

Firms

 = 
20.85 %
Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.
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.

Journey Energy

Enterprise Value

 = 

Market Cap + Debt

-

Cash

 = 
191.01 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.

Journey Current Valuation vs Competition

Journey Energy is rated fifth overall in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Energy industry is currently estimated at about 3.49 Billion. Journey Energy holds roughly 191.01 Million in current valuation claiming about 5% of equities under Energy industry.

Journey Energy Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Journey Energy, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Journey Energy will eventually generate negative long term returns. The profitability progress is the general direction of Journey Energy's change in net profit over the period of time. It can combine multiple indicators of Journey Energy, 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 ReportedProjected for Next Year
Accumulated Other Comprehensive Income3.5 M3.7 M
Operating Income27.8 M29.2 M
Income Before Tax20 M21 M
Total Other Income Expense Net-7.8 M-8.2 M
Net Income15.8 M16.6 M
Income Tax Expense4.1 M4.3 M
Net Income From Continuing Ops15.8 M16.6 M
Net Income Applicable To Common Shares178.5 M187.4 M
Interest Income6.7 M7.5 M
Net Interest Income-10 M-10.5 M
Change To Netincome-85.4 M-81.2 M
Net Income Per Share 0.26  0.28 
Income Quality 4.21  4.42 
Net Income Per E B T 0.79  1.10 

Journey Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Journey Energy. 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 Journey Energy 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 Journey Energy's important profitability drivers and their relationship over time.

Use Journey Energy 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 Journey Energy 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 Journey Energy will appreciate offsetting losses from the drop in the long position's value.

Journey Energy Pair Trading

Journey Energy Pair Trading Analysis

The ability to find closely correlated positions to Journey Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Journey Energy 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 Journey Energy - 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 Journey Energy to buy it.
The correlation of Journey Energy 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 Journey Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Journey Energy 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 Journey Energy 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Journey Energy position

In addition to having Journey Energy 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 Farming Thematic Idea Now

Farming
Farming Theme
Companies producing farming products and providing services for farmers. The Farming theme has 37 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 Farming Theme or any other thematic opportunities.
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Other Information on Investing in Journey Stock

To fully project Journey Energy's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Journey Energy 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 Journey Energy's income statement, its balance sheet, and the statement of cash flows.
Potential Journey Energy investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Journey Energy investors may work on each financial statement separately, they are all related. The changes in Journey Energy's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Journey Energy's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.