Canadian Tire Stock Net Income
| CTC-A Stock | CAD 153.72 3.56 2.37% |
Canadian Tire fundamentals help investors to digest information that contributes to Canadian Tire's financial success or failures. It also enables traders to predict the movement of Canadian Stock. The fundamental analysis module provides a way to measure Canadian Tire'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 Canadian Tire stock.
| Last Reported | Projected for Next Year | ||
| Net Income | 339.1 M | 513 M | |
| Net Income From Continuing Ops | 339.1 M | 322.1 M | |
| Net Income Applicable To Common Shares | 1.2 B | 838.5 M | |
| Net Income Per Share | 3.79 | 4.98 | |
| Net Income Per E B T | 0.37 | 0.73 |
Canadian | Net Income |
Canadian Tire Company Net Income Analysis
Canadian Tire'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.
Current Canadian Tire Net Income | 339.1 M |
Most of Canadian Tire'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, Canadian Tire is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Canadian Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for Canadian Tire is extremely important. It helps to project a fair market value of Canadian Stock properly, considering its historical fundamentals such as Net Income. Since Canadian Tire'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 Canadian Tire'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 Canadian Tire's interrelated accounts and indicators.
Click cells to compare fundamentals
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 |
Canadian Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, Canadian Tire reported net income of 339.1 M. This is 33.59% lower than that of the Specialty Retail sector and 60.36% lower than that of the Consumer Discretionary industry. The net income for all Canada stocks is 40.61% higher than that of the company.
Canadian Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Canadian Tire'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 Canadian Tire could also be used in its relative valuation, which is a method of valuing Canadian Tire by comparing valuation metrics of similar companies.Canadian Tire is currently under evaluation in net income category among its peers.
Canadian Tire Current Valuation Drivers
We derive many important indicators used in calculating different scores of Canadian Tire from analyzing Canadian Tire's financial statements. These drivers represent accounts that assess Canadian Tire's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Canadian Tire's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 8.6B | 10.2B | 11.0B | 7.9B | 7.1B | 5.0B | |
| Enterprise Value | 16.3B | 16.1B | 16.4B | 16.4B | 14.8B | 15.5B |
Canadian Tire ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Canadian Tire's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Canadian Tire's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Canadian Fundamentals
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.0372 | ||||
| Profit Margin | 0.04 % | ||||
| Operating Margin | 0.08 % | ||||
| Current Valuation | 16.93 B | ||||
| Shares Outstanding | 52.2 M | ||||
| Shares Owned By Insiders | 1.00 % | ||||
| Shares Owned By Institutions | 32.02 % | ||||
| Number Of Shares Shorted | 726.23 K | ||||
| Price To Earning | 16.95 X | ||||
| Price To Book | 1.49 X | ||||
| Price To Sales | 0.54 X | ||||
| Revenue | 16.66 B | ||||
| Gross Profit | 5.74 B | ||||
| EBITDA | 1.8 B | ||||
| Net Income | 339.1 M | ||||
| Cash And Equivalents | 1.7 B | ||||
| Cash Per Share | 28.04 X | ||||
| Total Debt | 8.81 B | ||||
| Debt To Equity | 1.86 % | ||||
| Current Ratio | 1.91 X | ||||
| Book Value Per Share | 102.83 X | ||||
| Cash Flow From Operations | 1.35 B | ||||
| Short Ratio | 2.97 X | ||||
| Earnings Per Share | 11.61 X | ||||
| Price To Earnings To Growth | 0.34 X | ||||
| Target Price | 161.55 | ||||
| Number Of Employees | 14.32 K | ||||
| Beta | 1.33 | ||||
| Market Capitalization | 8.82 B | ||||
| Total Asset | 21.98 B | ||||
| Retained Earnings | 5.13 B | ||||
| Working Capital | 4.9 B | ||||
| Current Asset | 7.39 B | ||||
| Current Liabilities | 3.98 B | ||||
| Annual Yield | 0.05 % | ||||
| Five Year Return | 2.27 % | ||||
| Net Asset | 21.98 B | ||||
| Last Dividend Paid | 7.03 |
About Canadian Tire Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Canadian Tire's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canadian Tire using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canadian Tire 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 Canadian Tire
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 Canadian Tire 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 Canadian Tire will appreciate offsetting losses from the drop in the long position's value.Moving against Canadian Stock
| 0.61 | JPM | JPMorgan Chase | PairCorr |
| 0.42 | GOOG | Alphabet CDR | PairCorr |
| 0.37 | TSLA | Tesla Inc CDR | PairCorr |
| 0.36 | NVDA | NVIDIA CDR | PairCorr |
The ability to find closely correlated positions to Canadian Tire could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Tire 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 Canadian Tire - 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 Canadian Tire to buy it.
The correlation of Canadian Tire 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 Canadian Tire moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Tire 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 Canadian Tire 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 Canadian Stock Analysis
When running Canadian Tire's price analysis, check to measure Canadian Tire'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 Canadian Tire is operating at the current time. Most of Canadian Tire's value examination focuses on studying past and present price action to predict the probability of Canadian Tire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Tire's price. Additionally, you may evaluate how the addition of Canadian Tire to your portfolios can decrease your overall portfolio volatility.