STEP Financial Statements From 2010 to 2024
| STEP Stock | CAD 5.10 0.06 1.16% |
Check STEP Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among STEP Energy's main balance sheet or income statement drivers, such as , as well as many indicators such as . STEP financial statements analysis is a perfect complement when working with STEP Energy Valuation or Volatility modules.
STEP |
STEP Energy Services Company Return On Equity Analysis
STEP Energy's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current STEP Energy Return On Equity | 0.18 |
Most of STEP Energy's fundamental indicators, such as Return On Equity, 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, STEP Energy Services is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
| Competition |
Based on the latest financial disclosure, STEP Energy Services has a Return On Equity of 0.1804. This is 109.11% lower than that of the Energy Equipment & Services sector and 101.04% lower than that of the Energy industry. The return on equity for all Canada stocks is 158.19% lower than that of the firm.
STEP Energy Services Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining STEP Energy's current stock value. Our valuation model uses many indicators to compare STEP Energy value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across STEP Energy competition to find correlations between indicators driving STEP Energy's intrinsic value. More Info.STEP Energy Services is rated fourth in return on equity category among its peers. It is rated third in return on asset category among its peers reporting about 0.51 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for STEP Energy Services is roughly 1.97 . Comparative valuation analysis is a catch-all model that can be used if you cannot value STEP Energy by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for STEP 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.About STEP Energy Financial Statements
STEP Energy investors utilize fundamental indicators, such as revenue or net income, to predict how STEP Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
STEP Energy Services Ltd., an oilfield service company, provides integrated coiled tubing and fracturing solutions to service oil and natural gas wells in Canada and the United States. STEP Energy Services Ltd. was founded in 2011 and is headquartered in Calgary, Canada. STEP ENERGY operates under Oil Gas Equipment Services classification in Canada and is traded on Toronto Stock Exchange. It employs 1628 people.
Pair Trading with STEP Energy
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 STEP 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 STEP Energy will appreciate offsetting losses from the drop in the long position's value.Moving against STEP Stock
The ability to find closely correlated positions to STEP 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 STEP 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 STEP 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 STEP Energy Services to buy it.
The correlation of STEP 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 STEP Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if STEP 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 STEP 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.Other Information on Investing in STEP Stock
STEP Energy financial ratios help investors to determine whether STEP Stock 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 STEP with respect to the benefits of owning STEP Energy security.