| PBL Stock | | | CAD 24.77 0.02 0.08% |
Based on the measurements of profitability obtained from Pollard Banknote's financial statements, Pollard Banknote's profitability may be sliding down. It has an above-average chance of reporting lower numbers next quarter. Profitability indicators assess Pollard Banknote's ability to earn profits and add value for shareholders. At this time, Pollard Banknote's
Days Sales Outstanding is very stable compared to the past year. As of the 11th of December 2024,
Days Of Sales Outstanding is likely to grow to 62.77, while
Price To Sales Ratio is likely to drop 1.57. At this time, Pollard Banknote's
Accumulated Other Comprehensive Income is very stable compared to the past year. As of the 11th of December 2024,
Operating Income is likely to grow to about 48.3
M, though
Total Other Income Expense Net is likely to grow to (8.1
M).
For Pollard Banknote profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Pollard Banknote to generate income relative to revenue, assets, operating costs, and current equity. These
fundamental indicators attest to how well Pollard Banknote Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Pollard Banknote's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Pollard Banknote Limited over time as well as its relative position and ranking within its peers.
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Please note, there is a significant difference between Pollard Banknote's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pollard Banknote is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pollard Banknote'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.
Pollard Banknote Cash And Equivalents vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Pollard Banknote's current stock value. Our valuation model uses many indicators to compare Pollard Banknote value to that of its competitors to determine the firm's financial worth.
Pollard Banknote Limited is regarded
fifth in current valuation category among its peers. It is rated
below average in cash and equivalents category among its peers . The ratio of Current Valuation to Cash And Equivalents for Pollard Banknote Limited is about
304.78 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Pollard Banknote by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Pollard Banknote'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.
Pollard Current Valuation vs. Competition
Pollard Banknote Limited is regarded
fifth in current valuation category among its peers. After adjusting for long-term liabilities,
total market size of
Consumer Discretionary industry is at this time estimated at about 29.11 Trillion. Pollard Banknote adds roughly 838.15 Million in current valuation claiming only tiny portion of stocks in Consumer Discretionary industry.
Pollard Cash And Equivalents vs. Current Valuation
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.
Pollard Banknote | Enterprise Value | = | Market Cap + Debt | - | Cash |
| = | 838.15 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.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Pollard Banknote | Cash | = | Bank Deposits | + | Liquidities |
| = | 2.75 M |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Pollard Cash And Equivalents Comparison
Pollard Banknote is currently under evaluation in cash and equivalents category among its peers.
Pollard Banknote Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Pollard Banknote, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Pollard Banknote will eventually generate negative long term returns. The profitability progress is the general direction of Pollard Banknote's change in net profit over the period of time. It can combine
multiple indicators of Pollard Banknote, 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.
Pollard Profitability Driver Comparison
Profitability drivers are factors that can directly affect your
investment outlook on Pollard Banknote. 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 Pollard Banknote 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 Pollard Banknote's important profitability drivers and their relationship over time.
Use Pollard Banknote 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 Pollard Banknote 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 Pollard Banknote will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Pollard Banknote could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pollard Banknote 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 Pollard Banknote - 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 Pollard Banknote Limited to buy it.
The correlation of Pollard Banknote 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 Pollard Banknote moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pollard Banknote 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 Pollard Banknote 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 Pollard Banknote position
In addition to having Pollard Banknote 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.
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ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Gold ETFs theme has 20 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
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thematic opportunities.
Other Information on Investing in Pollard Stock
To fully project Pollard Banknote's
future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the
financial position of Pollard Banknote 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 Pollard Banknote's income statement, its balance sheet, and the statement of cash flows.
Potential Pollard Banknote investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Pollard Banknote investors may work on each financial statement separately, they are all related. The changes in Pollard Banknote's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Pollard Banknote'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.
