Adf Group Stock Return On Equity
| DRX Stock | CAD 9.45 0.22 2.28% |
ADF Group fundamentals help investors to digest information that contributes to ADF's financial success or failures. It also enables traders to predict the movement of ADF Stock. The fundamental analysis module provides a way to measure ADF'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 ADF stock.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 0.23 | 0.24 |
ADF | Return On Equity |
ADF Group Company Return On Equity Analysis
ADF's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current ADF Return On Equity | 0.37 |
Most of ADF's fundamental indicators, such as Return On Equity, 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, ADF Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
ADF Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for ADF is extremely important. It helps to project a fair market value of ADF Stock properly, considering its historical fundamentals such as Return On Equity. Since ADF'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 ADF'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 ADF's interrelated accounts and indicators.
Click cells to compare fundamentals
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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ADF Total Stockholder Equity
Total Stockholder Equity |
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Based on the latest financial disclosure, ADF Group has a Return On Equity of 0.3707. This is 15.75% lower than that of the Machinery sector and 192.67% lower than that of the Industrials industry. The return on equity for all Canada stocks is notably lower than that of the firm.
ADF Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ADF's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ADF could also be used in its relative valuation, which is a method of valuing ADF by comparing valuation metrics of similar companies.ADF is currently under evaluation in return on equity category among its peers.
ADF Fundamentals
| Return On Equity | 0.37 | ||||
| Return On Asset | 0.16 | ||||
| Profit Margin | 0.15 % | ||||
| Operating Margin | 0.31 % | ||||
| Current Valuation | 253.49 M | ||||
| Shares Outstanding | 17.8 M | ||||
| Shares Owned By Insiders | 12.35 % | ||||
| Shares Owned By Institutions | 5.32 % | ||||
| Number Of Shares Shorted | 54.19 K | ||||
| Price To Earning | 17.73 X | ||||
| Price To Book | 1.93 X | ||||
| Price To Sales | 0.80 X | ||||
| Revenue | 331.02 M | ||||
| Gross Profit | 35.57 M | ||||
| EBITDA | 55.94 M | ||||
| Net Income | 37.62 M | ||||
| Cash And Equivalents | 7.19 M | ||||
| Cash Per Share | 0.11 X | ||||
| Total Debt | 48.84 M | ||||
| Debt To Equity | 37.80 % | ||||
| Current Ratio | 1.56 X | ||||
| Book Value Per Share | 4.89 X | ||||
| Cash Flow From Operations | 74.81 M | ||||
| Short Ratio | 0.30 X | ||||
| Earnings Per Share | 1.60 X | ||||
| Target Price | 23.0 | ||||
| Number Of Employees | 554 | ||||
| Beta | 0.58 | ||||
| Market Capitalization | 274.54 M | ||||
| Total Asset | 328.61 M | ||||
| Retained Earnings | 79.28 M | ||||
| Working Capital | 110.1 M | ||||
| Annual Yield | 0 % | ||||
| Five Year Return | 0.98 % | ||||
| Net Asset | 328.61 M | ||||
| Last Dividend Paid | 0.02 |
About ADF Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ADF Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ADF using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ADF Group 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 ADF
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 ADF 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 ADF will appreciate offsetting losses from the drop in the long position's value.Moving together with ADF Stock
Moving against ADF Stock
| 0.76 | NVDA | NVIDIA CDR | PairCorr |
| 0.68 | TD-PFI | Toronto Dominion Bank | PairCorr |
| 0.45 | CCL-A | CCL Industries | PairCorr |
| 0.39 | BUI | Buhler Industries | PairCorr |
The ability to find closely correlated positions to ADF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ADF 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 ADF - 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 ADF Group to buy it.
The correlation of ADF 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 ADF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ADF Group 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 ADF 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 ADF Stock
ADF financial ratios help investors to determine whether ADF 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 ADF with respect to the benefits of owning ADF security.