Agf Management Limited Stock Return On Asset
| AGF-B Stock | CAD 11.12 0.13 1.16% |
AGF Management Limited fundamentals help investors to digest information that contributes to AGF Management's financial success or failures. It also enables traders to predict the movement of AGF Stock. The fundamental analysis module provides a way to measure AGF Management's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to AGF Management stock.
Return On Assets is likely to drop to 0.06 in 2024. AGF | Return On Asset |
AGF Management Limited Company Return On Asset Analysis
AGF Management'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 AGF Management Return On Asset | 0.052 |
Most of AGF Management'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, AGF Management Limited is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
AGF Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for AGF Management is extremely important. It helps to project a fair market value of AGF Stock properly, considering its historical fundamentals such as Return On Asset. Since AGF Management's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of AGF Management's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of AGF Management's interrelated accounts and indicators.
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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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AGF Total Assets
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Based on the latest financial disclosure, AGF Management Limited has a Return On Asset of 0.052. This is 111.06% lower than that of the Capital Markets sector and 98.04% lower than that of the Financials industry. The return on asset for all Canada stocks is 137.14% lower than that of the firm.
AGF Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses AGF Management's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of AGF Management could also be used in its relative valuation, which is a method of valuing AGF Management by comparing valuation metrics of similar companies.AGF Management is currently under evaluation in return on asset category among its peers.
AGF Management Current Valuation Drivers
We derive many important indicators used in calculating different scores of AGF Management from analyzing AGF Management's financial statements. These drivers represent accounts that assess AGF Management's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of AGF Management's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 431.5M | 543.3M | 462.6M | 471.6M | 542.3M | 1.1B | |
| Enterprise Value | 423.1M | 541.4M | 506.8M | 511.0M | 587.7M | 558.3M |
AGF Fundamentals
| Return On Equity | 0.0764 | ||||
| Return On Asset | 0.052 | ||||
| Profit Margin | 0.17 % | ||||
| Operating Margin | 0.24 % | ||||
| Current Valuation | 780.42 M | ||||
| Shares Outstanding | 63.86 M | ||||
| Shares Owned By Insiders | 18.63 % | ||||
| Shares Owned By Institutions | 12.11 % | ||||
| Number Of Shares Shorted | 1.14 M | ||||
| Price To Earning | 5.31 X | ||||
| Price To Book | 0.65 X | ||||
| Price To Sales | 1.39 X | ||||
| Revenue | 446.06 M | ||||
| Gross Profit | 431.64 M | ||||
| EBITDA | 103.49 M | ||||
| Net Income | 87.7 M | ||||
| Cash And Equivalents | 53.21 M | ||||
| Cash Per Share | 0.69 X | ||||
| Total Debt | 89.89 M | ||||
| Debt To Equity | 0.22 % | ||||
| Current Ratio | 3.36 X | ||||
| Book Value Per Share | 17.13 X | ||||
| Cash Flow From Operations | 87.24 M | ||||
| Short Ratio | 6.60 X | ||||
| Earnings Per Share | 1.28 X | ||||
| Price To Earnings To Growth | 1.25 X | ||||
| Target Price | 12.07 | ||||
| Beta | 1.72 | ||||
| Market Capitalization | 719.02 M | ||||
| Total Asset | 1.42 B | ||||
| Retained Earnings | 651.07 M | ||||
| Working Capital | 32.6 M | ||||
| Current Asset | 152.29 M | ||||
| Current Liabilities | 87.65 M | ||||
| Annual Yield | 0.04 % | ||||
| Five Year Return | 5.70 % | ||||
| Net Asset | 1.42 B | ||||
| Last Dividend Paid | 0.46 |
About AGF Management Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze AGF Management Limited's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of AGF Management using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of AGF Management Limited based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with AGF Management
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 AGF Management 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 AGF Management will appreciate offsetting losses from the drop in the long position's value.Moving together with AGF Stock
Moving against AGF Stock
The ability to find closely correlated positions to AGF Management could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AGF Management 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 AGF Management - 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 AGF Management Limited to buy it.
The correlation of AGF Management 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 AGF Management moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AGF Management 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 AGF Management 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.Additional Tools for AGF Stock Analysis
When running AGF Management's price analysis, check to measure AGF Management's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AGF Management is operating at the current time. Most of AGF Management's value examination focuses on studying past and present price action to predict the probability of AGF Management's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AGF Management's price. Additionally, you may evaluate how the addition of AGF Management to your portfolios can decrease your overall portfolio volatility.