MEG Financial Statements From 2010 to 2024
| MEGEF Stock | USD 17.60 0.96 5.17% |
Check MEG Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among MEG Energy's main balance sheet or income statement drivers, such as , as well as many indicators such as . MEG financial statements analysis is a perfect complement when working with MEG Energy Valuation or Volatility modules.
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MEG Energy Corp Company Return On Asset Analysis
MEG Energy's 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.
Current MEG Energy Return On Asset | 0.14 |
Most of MEG Energy's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, MEG Energy Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
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Based on the latest financial disclosure, MEG Energy Corp has a Return On Asset of 0.1361. This is 240.25% higher than that of the Oil, Gas & Consumable Fuels sector and 101.87% lower than that of the Energy industry. The return on asset for all United States stocks is 197.21% lower than that of the firm.
MEG Energy Corp Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining MEG Energy's current stock value. Our valuation model uses many indicators to compare MEG Energy value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across MEG Energy competition to find correlations between indicators driving MEG Energy's intrinsic value. More Info.MEG Energy Corp is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about 0.59 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for MEG Energy Corp is roughly 1.68 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the MEG Energy's earnings, one of the primary drivers of an investment's value.About MEG Energy Financial Statements
MEG Energy stakeholders use historical fundamental indicators, such as MEG Energy's revenue or net income, to determine how well the company is positioned to perform in the future. Although MEG Energy investors may analyze each financial statement separately, they are all interrelated. For example, changes in MEG Energy's assets and liabilities are reflected in the revenues and expenses on MEG Energy'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 MEG Energy Corp. Please read more on our technical analysis and fundamental analysis pages.
MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. The company was incorporated in 1999 and is headquartered in Calgary, Canada. MEG ENERGY operates under Oil Gas EP classification in the United States and is traded on OTC Exchange. It employs 411 people.
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Other Information on Investing in MEG Pink Sheet
MEG Energy financial ratios help investors to determine whether MEG Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in MEG with respect to the benefits of owning MEG Energy security.