Electrovaya Stock Retained Earnings

ELVA Stock   3.33  0.05  1.52%   
Electrovaya fundamentals help investors to digest information that contributes to Electrovaya's financial success or failures. It also enables traders to predict the movement of Electrovaya Stock. The fundamental analysis module provides a way to measure Electrovaya'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 Electrovaya stock.
Last ReportedProjected for Next Year
Retained Earnings-117.4 M-111.5 M
As of the 25th of February 2025, Retained Earnings is likely to grow to about (111.5 M).
  
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Electrovaya Company Retained Earnings Analysis

Electrovaya's Retained Earnings is a balance sheet account that refers to the portion of company income that is retained by the firm. In other words, it is a part of earnings that is not paid out as dividends or otherwise distributed to owners. Retained Earnings are calculated by adding net income to last period retained earnings and subtracting any dividends paid to owners.

Retained Earnings

 = 

Beginning RE + Income

-

Dividends

More About Retained Earnings | All Equity Analysis

Current Electrovaya Retained Earnings

    
  (130.45 M)  
Most of Electrovaya's fundamental indicators, such as Retained Earnings, 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, Electrovaya is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Electrovaya Retained Earnings Driver Correlations

Understanding the fundamental principles of building solid financial models for Electrovaya is extremely important. It helps to project a fair market value of Electrovaya Stock properly, considering its historical fundamentals such as Retained Earnings. Since Electrovaya'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 Electrovaya'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 Electrovaya's interrelated accounts and indicators.
Retained Earnings shows how the firm utilizes its profits over time. In simple terms, investors can think of retained earnings as the amount of profit the company has reinvested in the business since its inceptions. However the methodology to make a decision over how much profit to retain is different between companies in different industries. For example, growing industries tend to retain more of their earnings than more matured industries as they need more assets investment to sustain their growth.
Competition

Based on the latest financial disclosure, Electrovaya has a Retained Earnings of (130.45 Million). This is 101.26% lower than that of the Electrical Equipment sector and significantly lower than that of the Industrials industry. The retained earnings for all Canada stocks is 101.4% higher than that of the company.

Electrovaya Retained Earnings Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Electrovaya's direct or indirect competition against its Retained Earnings to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Electrovaya could also be used in its relative valuation, which is a method of valuing Electrovaya by comparing valuation metrics of similar companies.
100%
Electrovaya is currently under evaluation in retained earnings category among its peers.

Electrovaya Fundamentals

Return On Equity-0.12
JavaScript chart by amCharts 3.21.152011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-31-8,000%-6,000%-4,000%-2,000%0%
Return On Asset0.0099
Profit Margin(0.04) %
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Operating Margin(0.02) %
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Current Valuation144.57 M
JavaScript chart by amCharts 3.21.152011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-310%100%200%300%400%
Shares Outstanding40.09 M
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Shares Owned By Insiders39.65 %
Shares Owned By Institutions21.16 %
Number Of Shares Shorted25.51 K
Price To Book4.57 X
JavaScript chart by amCharts 3.21.152011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-31-1,000%-500%0%
Price To Sales3.01 X
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Revenue43.37 M
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Gross Profit13.57 M
JavaScript chart by amCharts 3.21.152011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-31-40,000%-20,000%0%20,000%40,000%60,000%80,000%
EBITDA1.58 M
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Net Income(1.48 M)
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Cash And Equivalents1.12 M
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Total Debt19.03 M
JavaScript chart by amCharts 3.21.152011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312,000%4,000%6,000%8,000%
Book Value Per Share0.50 X
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Cash Flow From Operations(4.86 M)
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Short Ratio1.07 X
Earnings Per Share(0.06) X
Target Price10.02
Beta1.45
Market Capitalization131.49 M
JavaScript chart by amCharts 3.21.152011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-310%100%200%300%
Total Asset36.51 M
JavaScript chart by amCharts 3.21.152011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-310%100%200%300%400%
Retained Earnings(130.45 M)
JavaScript chart by amCharts 3.21.152011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312,000%4,000%6,000%8,000%10,000%
Net Asset36.51 M

About Electrovaya Fundamental Analysis

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

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 Electrovaya 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 Electrovaya will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Electrovaya could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electrovaya 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 Electrovaya - 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 Electrovaya to buy it.
The correlation of Electrovaya 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 Electrovaya moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electrovaya 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 Electrovaya 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

Other Information on Investing in Electrovaya Stock

Electrovaya financial ratios help investors to determine whether Electrovaya 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 Electrovaya with respect to the benefits of owning Electrovaya security.