Precision Drilling Gross Profit vs. EBITDA
| PD Stock | CAD 81.50 1.10 1.37% |
Gross Profit | First Reported 1995-06-30 | Previous Quarter 70 M | Current Value 90.6 M | Quarterly Volatility 79.7 M |
For Precision Drilling profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Precision Drilling to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Precision Drilling utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Precision Drilling's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Precision Drilling over time as well as its relative position and ranking within its peers.
Precision |
Precision Drilling EBITDA vs. Gross Profit Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Precision Drilling's current stock value. Our valuation model uses many indicators to compare Precision Drilling value to that of its competitors to determine the firm's financial worth. Precision Drilling is regarded second in gross profit category among its peers. It is considered to be number one stock in ebitda category among its peers totaling about 1.34 of EBITDA per Gross Profit. At this time, Precision Drilling's Gross Profit is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Precision Drilling by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Precision Drilling'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.Precision EBITDA vs. Gross Profit
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Precision Drilling |
| = | 492.59 M |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
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.
Precision Drilling |
| = | 657.73 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.
Precision EBITDA Comparison
Precision Drilling is currently under evaluation in ebitda category among its peers.
Precision Drilling Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Precision Drilling, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Precision Drilling will eventually generate negative long term returns. The profitability progress is the general direction of Precision Drilling's change in net profit over the period of time. It can combine multiple indicators of Precision Drilling, 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 | 147.5 M | 154.8 M | |
| Operating Income | 611.1 M | 641.7 M | |
| Income Before Tax | 265.8 M | 279.1 M | |
| Total Other Income Expense Net | -345.3 M | -328.1 M | |
| Net Income | 289.2 M | 303.7 M | |
| Income Tax Expense | -23.5 M | -22.3 M | |
| Net Income From Continuing Ops | 289.2 M | 303.7 M | |
| Net Loss | -30.9 M | -32.4 M | |
| Interest Income | 1.4 M | 1.3 M | |
| Net Interest Income | -83.4 M | -87.6 M | |
| Change To Netincome | 31.6 M | 29.5 M | |
| Net Income Per Share | 21.03 | 19.99 | |
| Income Quality | 1.73 | 2.72 | |
| Net Income Per E B T | 1.09 | 0.80 |
Precision Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Precision Drilling. 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 Precision Drilling 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 Precision Drilling's important profitability drivers and their relationship over time.
Use Precision Drilling 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 Precision Drilling 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 Precision Drilling will appreciate offsetting losses from the drop in the long position's value.Precision Drilling Pair Trading
Precision Drilling Pair Trading Analysis
The ability to find closely correlated positions to Precision Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Precision Drilling 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 Precision Drilling - 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 Precision Drilling to buy it.
The correlation of Precision Drilling 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 Precision Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Precision Drilling 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 Precision Drilling 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 Precision Drilling position
In addition to having Precision Drilling 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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Funds or Etfs that invest in both long and short positions of different entities to enhance returns from broad market movements over time. The Market Neutral Funds theme has 41 constituents at this time.
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Check out Your Equity Center. To learn how to invest in Precision Stock, please use our How to Invest in Precision Drilling guide.You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
To fully project Precision Drilling's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Precision Drilling 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 Precision Drilling's income statement, its balance sheet, and the statement of cash flows.