Source Energy Return On Asset vs. Price To Sales
| SHLE Stock | CAD 16.79 0.62 3.56% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.18 | 0.1708 |
|
|
For Source Energy profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Source Energy to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Source Energy Services utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Source Energy's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Source Energy Services over time as well as its relative position and ranking within its peers.
Source |
Source Energy Services Price To Sales vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Source Energy's current stock value. Our valuation model uses many indicators to compare Source Energy value to that of its competitors to determine the firm's financial worth. Source Energy Services is rated second in return on asset category among its peers. It is rated fourth in price to sales category among its peers fabricating about 4.44 of Price To Sales per Return On Asset. At this time, Source Energy's Price To Sales Ratio is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Source Energy by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Source 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.Source Price To Sales vs. Return On Asset
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Source Energy |
| = | 0.0764 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Source Energy |
| = | 0.34 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Source Price To Sales Comparison
Source Energy is currently under evaluation in price to sales category among its peers.
Source Energy Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Source Energy, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Source Energy will eventually generate negative long term returns. The profitability progress is the general direction of Source Energy's change in net profit over the period of time. It can combine multiple indicators of Source 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 Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 10.5 M | 6.6 M | |
| Operating Income | 53.6 M | 56.3 M | |
| Net Income From Continuing Ops | 167.3 M | 175.7 M | |
| Income Before Tax | 150 M | 157.5 M | |
| Total Other Income Expense Net | 96.3 M | 101.1 M | |
| Net Loss | -7.9 M | -8.3 M | |
| Net Income | 167.3 M | 175.7 M | |
| Income Tax Expense | -17.4 M | -16.5 M | |
| Interest Income | 26.9 M | 26 M | |
| Net Interest Income | -36.3 M | -38.2 M | |
| Change To Netincome | 38.8 M | 48.4 M | |
| Net Income Per Share | 12.35 | 12.97 | |
| Income Quality | 0.31 | 0.32 | |
| Net Income Per E B T | 1.12 | 0.86 |
Source Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Source 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 Source 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 Source Energy's important profitability drivers and their relationship over time.
Use Source 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 Source 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 Source Energy will appreciate offsetting losses from the drop in the long position's value.Source Energy Pair Trading
Source Energy Services Pair Trading Analysis
The ability to find closely correlated positions to Source 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 Source 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 Source 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 Source Energy Services to buy it.
The correlation of Source 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 Source Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Source Energy Services 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 Source 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.Use Investing Themes to Complement your Source Energy position
In addition to having Source 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 Disruptive Technologies Thematic Idea Now
Disruptive Technologies
New or established technology companies and funds across multiple sectors that are involved in development or marketing of products or services that experience disruptive trends and that are at the forefront of discussions on Wall Street. The Disruptive Technologies theme has 64 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 Disruptive Technologies Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Source Stock
To fully project Source Energy's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Source Energy Services 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 Source Energy's income statement, its balance sheet, and the statement of cash flows.