Allete Roic from 2010 to 2024
| ALE Stock | USD 65.00 0.07 0.11% |
ROIC | First Reported 2010-12-31 | Previous Quarter 0.03401383 | Current Value 0.0671 | Quarterly Volatility 0.01058713 |
Check Allete financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Allete's main balance sheet or income statement drivers, such as Interest Expense of 84.8 M, Total Revenue of 1.1 B or Gross Profit of 458.4 M, as well as many indicators such as Price To Sales Ratio of 0.99, Dividend Yield of 0.0611 or PTB Ratio of 0.94. Allete financial statements analysis is a perfect complement when working with Allete Valuation or Volatility modules.
Allete | Roic |
Latest Allete's Roic Growth Pattern
Below is the plot of the Roic of Allete Inc over the last few years. It is return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders. Allete's ROIC historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Allete's overall financial position and show how it may be relating to other accounts over time.
| Roic | 10 Years Trend |
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Roic |
| Timeline |
Allete Roic Regression Statistics
| Arithmetic Mean | 0.05 | |
| Geometric Mean | 0.05 | |
| Coefficient Of Variation | 20.14 | |
| Mean Deviation | 0.01 | |
| Median | 0.05 | |
| Standard Deviation | 0.01 | |
| Sample Variance | 0.0001 | |
| Range | 0.041 | |
| R-Value | (0.42) | |
| Mean Square Error | 0.000099 | |
| R-Squared | 0.18 | |
| Significance | 0.12 | |
| Slope | (0.001) | |
| Total Sum of Squares | 0 |
Allete Roic History
About Allete Financial Statements
Allete stakeholders use historical fundamental indicators, such as Allete's Roic, to determine how well the company is positioned to perform in the future. Although Allete investors may analyze each financial statement separately, they are all interrelated. For example, changes in Allete's assets and liabilities are reflected in the revenues and expenses on Allete's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Allete Inc. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| ROIC | 0.03 | 0.07 |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Allete Inc is a strong investment it is important to analyze Allete's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Allete's future performance. For an informed investment choice regarding Allete Stock, refer to the following important reports:Check out the analysis of Allete Correlation against competitors. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Is Electric Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allete. If investors know Allete will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allete listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.48) | Dividend Share 2.793 | Earnings Share 3.12 | Revenue Per Share 27.217 | Quarterly Revenue Growth 0.075 |
The market value of Allete Inc is measured differently than its book value, which is the value of Allete that is recorded on the company's balance sheet. Investors also form their own opinion of Allete's value that differs from its market value or its book value, called intrinsic value, which is Allete's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allete's market value can be influenced by many factors that don't directly affect Allete's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allete's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allete is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allete'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.