You can use fundamental analysis to find out if Canfor is mispriced or if you can make any profits on it by purchasing it and then waiting for the market to recognize its mistake and reprise the security. We were able to interpolate data for thirty-six available fundamental indicators for Canfor, which can be compared to its peers. The stock experiences a somewhat bearish sentiment, but the market may correct it shortly. Check odds of Canfor to be traded at C$16.53 in 90 days. Key indicators impacting Canfor's financial strength include:
Understanding current and past Canfor Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Canfor's financial statements are interrelated, with each one affecting the others. For example, an increase in Canfor's assets may result in an increase in income on the income statement.
Canfor competes with MTY Food, Verizon Communications, Guru Organic, Dream Office, and QC Copper. Canfor Corporation operates as an integrated forest products company in the United States, Canada, Europe, Asia, and internationally. Canfor Corporation was founded in 1938 and is based in Vancouver, Canada. CANFOR CORP operates under Lumber Wood Production classification in Canada and is traded on Toronto Stock Exchange. It employs 6766 people.
You should never invest in Canfor without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Canfor Stock, because this is throwing your money away. Analyzing the key information contained in Canfor's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Canfor Key Financial Ratios
Canfor's financial ratios allow both analysts and investors to convert raw data from Canfor's financial statements into concise, actionable information that can be used to evaluate the performance of Canfor over time and compare it to other companies across industries.
Comparative valuation techniques use various fundamental indicators to help in determining Canfor's current stock value. Our valuation model uses many indicators to compare Canfor value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Canfor competition to find correlations between indicators driving Canfor's intrinsic value. More Info.
Canfor is rated second in return on equity category among its peers. It also is rated second in return on asset category among its peers . At this time, Canfor's Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Canfor by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Canfor'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.
Canfor Systematic Risk
Canfor's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Canfor volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Canfor correlated with the market. If Beta is less than 0 Canfor generally moves in the opposite direction as compared to the market. If Canfor Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Canfor is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Canfor is generally in the same direction as the market. If Beta > 1 Canfor moves generally in the same direction as, but more than the movement of the benchmark.
Canfor Total Assets Over Time
Today, most investors in Canfor Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Canfor's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Canfor growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of Canfor help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Canfor. We use our internally-developed statistical techniques to arrive at the intrinsic value of Canfor based on widely used predictive technical indicators. In general, we focus on analyzing Canfor Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Canfor's daily price indicators and compare them against related drivers.
Canfor financial ratios help investors to determine whether Canfor 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 Canfor with respect to the benefits of owning Canfor security.