Tamarack Valley Price To Book vs. Market Capitalization

TVE Stock  CAD 4.39  0.11  2.44%   
Based on the key profitability measurements obtained from Tamarack Valley's financial statements, Tamarack Valley Energy is performing exceptionally good at this time. It has a great risk to showcase excellent profitability results in January. Profitability indicators assess Tamarack Valley's ability to earn profits and add value for shareholders. As of the 11th of December 2024, Price To Sales Ratio is likely to drop to 1.15. In addition to that, Days Sales Outstanding is likely to drop to 33.30. At this time, Tamarack Valley's Interest Income is very stable compared to the past year. As of the 11th of December 2024, Change To Netincome is likely to grow to about 66.3 M, though Total Other Income Expense Net is likely to grow to (202.9 M).
For Tamarack Valley profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Tamarack Valley to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Tamarack Valley Energy utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Tamarack Valley's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Tamarack Valley Energy 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 Tamarack Valley's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tamarack Valley is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tamarack Valley'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.

Tamarack Valley Energy Market Capitalization vs. Price To Book Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Tamarack Valley's current stock value. Our valuation model uses many indicators to compare Tamarack Valley value to that of its competitors to determine the firm's financial worth.
Tamarack Valley Energy is rated fifth in price to book category among its peers. It also is rated fifth in market capitalization category among its peers creating about  2,135,024,525  of Market Capitalization per Price To Book. At this time, Tamarack Valley's Market Cap is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Tamarack Valley by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Tamarack Valley'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.

Tamarack Market Capitalization vs. Price To Book

Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

Tamarack Valley

P/B

 = 

MV Per Share

BV Per Share

 = 
1.09 X
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.

Tamarack Valley

Market Cap

 = 

Shares Outstanding

X

Share Price

 = 
2.33 B
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.

Tamarack Market Capitalization vs Competition

Tamarack Valley Energy is rated fifth in market capitalization category among its peers. Market capitalization of Energy industry is at this time estimated at about 20.83 Billion. Tamarack Valley retains roughly 2.33 Billion in market capitalization claiming about 11% of equities under Energy industry.
Capitalization  Valuation  Total debt  Revenue  Workforce

Tamarack Valley Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Tamarack Valley, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Tamarack Valley will eventually generate negative long term returns. The profitability progress is the general direction of Tamarack Valley's change in net profit over the period of time. It can combine multiple indicators of Tamarack Valley, 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
Operating Income355 M372.7 M
Income Before Tax141.4 M148.4 M
Total Other Income Expense Net-213.6 M-202.9 M
Net Income94.2 M98.9 M
Income Tax Expense47.2 M49.5 M
Net Income From Continuing Ops94.2 M98.9 M
Net Income Applicable To Common Shares397 M416.8 M
Interest Income102.1 M107.2 M
Net Interest Income-103.7 M-98.5 M
Change To Netincome63.1 M66.3 M
Net Income Per Share 0.17  0.18 
Income Quality 6.71  5.26 
Net Income Per E B T 0.67  0.49 

Tamarack Profitability Driver Comparison

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

Use Tamarack Valley 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 Tamarack Valley 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 Tamarack Valley will appreciate offsetting losses from the drop in the long position's value.

Tamarack Valley Pair Trading

Tamarack Valley Energy Pair Trading Analysis

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

In addition to having Tamarack Valley 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 Banks Thematic Idea Now

Banks
Banks Theme
Large and small money and credit banks and credit services. The Banks theme has 42 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 Banks Theme or any other thematic opportunities.
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Other Information on Investing in Tamarack Stock

To fully project Tamarack Valley's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Tamarack Valley 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 Tamarack Valley's income statement, its balance sheet, and the statement of cash flows.
Potential Tamarack Valley investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Tamarack Valley investors may work on each financial statement separately, they are all related. The changes in Tamarack Valley's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Tamarack Valley'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.