Akita Drilling Stock Net Income

AKT-A Stock  CAD 1.64  0.05  2.96%   
AKITA Drilling fundamentals help investors to digest information that contributes to AKITA Drilling's financial success or failures. It also enables traders to predict the movement of AKITA Stock. The fundamental analysis module provides a way to measure AKITA Drilling'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 AKITA Drilling stock.
Last ReportedProjected for Next Year
Net Income18.4 M19.3 M
Net Income Applicable To Common Shares3.9 M4.1 M
Net Income From Continuing Ops18.4 M19.3 M
Net Income Per Share 0.46  0.42 
Net Income Per E B T 0.99  0.58 
At this time, AKITA Drilling's Net Income is comparatively stable compared to the past year. Net Income Applicable To Common Shares is likely to gain to about 4.1 M in 2024, whereas Net Income Per Share is likely to drop 0.42 in 2024.
  
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AKITA Drilling Company Net Income Analysis

AKITA Drilling's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.

Net Income

 = 

(Rev + Gain)

-

(Exp + Loss)

More About Net Income | All Equity Analysis

Current AKITA Drilling Net Income

    
  18.41 M  
Most of AKITA Drilling's fundamental indicators, such as Net Income, 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, AKITA Drilling is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

AKITA Net Income Driver Correlations

Understanding the fundamental principles of building solid financial models for AKITA Drilling is extremely important. It helps to project a fair market value of AKITA Stock properly, considering its historical fundamentals such as Net Income. Since AKITA Drilling'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 AKITA Drilling'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 AKITA Drilling's interrelated accounts and indicators.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Competition

AKITA Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

1.1 Million

At this time, AKITA Drilling's Accumulated Other Comprehensive Income is comparatively stable compared to the past year.
Based on the recorded statements, AKITA Drilling reported net income of 18.41 M. This is 99.19% lower than that of the Energy Equipment & Services sector and 104.59% lower than that of the Energy industry. The net income for all Canada stocks is 96.77% higher than that of the company.

AKITA Net Income Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses AKITA Drilling's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of AKITA Drilling could also be used in its relative valuation, which is a method of valuing AKITA Drilling by comparing valuation metrics of similar companies.
AKITA Drilling is currently under evaluation in net income category among its peers.

AKITA Drilling Current Valuation Drivers

We derive many important indicators used in calculating different scores of AKITA Drilling from analyzing AKITA Drilling's financial statements. These drivers represent accounts that assess AKITA Drilling's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of AKITA Drilling's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap47.1M19.0M37.2M68.5M54.8M52.1M
Enterprise Value138.9M89.2M123.9M150.5M114.1M120.9M

AKITA Fundamentals

About AKITA Drilling Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze AKITA Drilling's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of AKITA Drilling using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of AKITA Drilling 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 AKITA Drilling

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 AKITA Drilling 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 AKITA Drilling will appreciate offsetting losses from the drop in the long position's value.

Moving together with AKITA Stock

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Moving against AKITA Stock

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The ability to find closely correlated positions to AKITA Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AKITA Drilling 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 AKITA Drilling - 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 AKITA Drilling to buy it.
The correlation of AKITA Drilling 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 AKITA Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AKITA Drilling 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 AKITA Drilling 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.
Pair CorrelationCorrelation Matching

Additional Tools for AKITA Stock Analysis

When running AKITA Drilling's price analysis, check to measure AKITA Drilling'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 AKITA Drilling is operating at the current time. Most of AKITA Drilling's value examination focuses on studying past and present price action to predict the probability of AKITA Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AKITA Drilling's price. Additionally, you may evaluate how the addition of AKITA Drilling to your portfolios can decrease your overall portfolio volatility.