Athabasca Oil Corp Stock Fundamentals
| ATH Stock | CAD 5.19 0.12 2.26% |
Athabasca Oil Corp fundamentals help investors to digest information that contributes to Athabasca Oil's financial success or failures. It also enables traders to predict the movement of Athabasca Stock. The fundamental analysis module provides a way to measure Athabasca Oil'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 Athabasca Oil stock.
At this time, Athabasca Oil's EBITDA is very stable compared to the past year. As of the 27th of November 2024, Income Tax Expense is likely to grow to about 14.8 M, while Depreciation And Amortization is likely to drop about 101.7 M. Athabasca | Select Account or Indicator |
Athabasca Oil Corp Company Current Valuation Analysis
Athabasca Oil's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Athabasca Oil Current Valuation | 2.77 B |
Most of Athabasca Oil's fundamental indicators, such as Current Valuation, 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, Athabasca Oil Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Athabasca Current Valuation Driver Correlations
Understanding the fundamental principles of building solid financial models for Athabasca Oil is extremely important. It helps to project a fair market value of Athabasca Stock properly, considering its historical fundamentals such as Current Valuation. Since Athabasca Oil'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 Athabasca Oil'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 Athabasca Oil's interrelated accounts and indicators.
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Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Athabasca Oil Corp has a Current Valuation of 2.77 B. This is 92.9% lower than that of the Oil, Gas & Consumable Fuels sector and 69.87% lower than that of the Energy industry. The current valuation for all Canada stocks is 83.33% higher than that of the company.
Athabasca Oil Corp Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Athabasca Oil's current stock value. Our valuation model uses many indicators to compare Athabasca Oil value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Athabasca Oil competition to find correlations between indicators driving Athabasca Oil's intrinsic value. More Info.Athabasca Oil Corp is rated second in return on equity category among its peers. It is number one stock in return on asset category among its peers reporting about 0.78 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Athabasca Oil Corp is roughly 1.29 . At this time, Athabasca Oil'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 Athabasca Oil by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Athabasca Oil'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.Athabasca Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Athabasca Oil's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Athabasca Oil could also be used in its relative valuation, which is a method of valuing Athabasca Oil by comparing valuation metrics of similar companies.Athabasca Oil is currently under evaluation in current valuation category among its peers.
Athabasca Oil Current Valuation Drivers
We derive many important indicators used in calculating different scores of Athabasca Oil from analyzing Athabasca Oil's financial statements. These drivers represent accounts that assess Athabasca Oil's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Athabasca Oil's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 307.6M | 89.9M | 631.5M | 1.4B | 2.4B | 2.1B | |
| Enterprise Value | 612.9M | 484.2M | 792.8M | 1.4B | 2.3B | 2.3B |
Athabasca Fundamentals
| Return On Equity | 0.14 | ||||
| Return On Asset | 0.11 | ||||
| Profit Margin | 0.18 % | ||||
| Operating Margin | 0.38 % | ||||
| Current Valuation | 2.77 B | ||||
| Shares Outstanding | 528.1 M | ||||
| Shares Owned By Insiders | 0.24 % | ||||
| Shares Owned By Institutions | 25.16 % | ||||
| Number Of Shares Shorted | 37.17 M | ||||
| Price To Earning | 3.28 X | ||||
| Price To Book | 1.87 X | ||||
| Price To Sales | 2.21 X | ||||
| Revenue | 1.2 B | ||||
| Gross Profit | 528.07 M | ||||
| EBITDA | 338.51 M | ||||
| Net Income | (51.22 M) | ||||
| Cash And Equivalents | 197.53 M | ||||
| Cash Per Share | 0.26 X | ||||
| Total Debt | 185.54 M | ||||
| Debt To Equity | 0.25 % | ||||
| Current Ratio | 0.89 X | ||||
| Book Value Per Share | 2.93 X | ||||
| Cash Flow From Operations | 305.53 M | ||||
| Short Ratio | 15.91 X | ||||
| Earnings Per Share | 0.39 X | ||||
| Price To Earnings To Growth | 0.20 X | ||||
| Target Price | 6.3 | ||||
| Number Of Employees | 170 | ||||
| Beta | 1.99 | ||||
| Market Capitalization | 2.91 B | ||||
| Total Asset | 2.05 B | ||||
| Retained Earnings | (821.68 M) | ||||
| Working Capital | 315.52 M | ||||
| Current Asset | 746.65 M | ||||
| Current Liabilities | 57.77 M | ||||
| Net Asset | 2.05 B |
About Athabasca Oil Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Athabasca Oil Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Athabasca Oil using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Athabasca Oil Corp 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.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | -113.5 M | -119.2 M | |
| Total Revenue | 1.2 B | 1.3 B | |
| Cost Of Revenue | 900.3 M | 945.3 M | |
| Sales General And Administrative To Revenue | 0.06 | 0.06 | |
| Research And Ddevelopement To Revenue | 0.01 | 0.01 | |
| Capex To Revenue | 0.12 | 0.11 | |
| Revenue Per Share | 2.05 | 2.15 | |
| Ebit Per Revenue | 0.17 | 0.18 |
Pair Trading with Athabasca Oil
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 Athabasca Oil 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 Athabasca Oil will appreciate offsetting losses from the drop in the long position's value.Moving against Athabasca Stock
The ability to find closely correlated positions to Athabasca Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Athabasca Oil 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 Athabasca Oil - 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 Athabasca Oil Corp to buy it.
The correlation of Athabasca Oil 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 Athabasca Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Athabasca Oil Corp 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 Athabasca Oil 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 Athabasca Stock
Athabasca Oil financial ratios help investors to determine whether Athabasca 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 Athabasca with respect to the benefits of owning Athabasca Oil security.