Freehold Royalties Stock Z Score
| FRU Stock | CAD 14.44 0.16 1.12% |
Freehold | Z Score |
Freehold Royalties Company Z Score Analysis
Freehold Royalties' Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
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Freehold Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Freehold Royalties is extremely important. It helps to project a fair market value of Freehold Stock properly, considering its historical fundamentals such as Z Score. Since Freehold Royalties' 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 Freehold Royalties' 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 Freehold Royalties' interrelated accounts and indicators.
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To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
| Competition |
According to the company's disclosures, Freehold Royalties has a Z Score of 0.0. This is 100.0% lower than that of the Oil, Gas & Consumable Fuels sector and 100.0% lower than that of the Energy industry. The z score for all Canada stocks is 100.0% higher than that of the company.
Freehold Royalties Current Valuation Drivers
We derive many important indicators used in calculating different scores of Freehold Royalties from analyzing Freehold Royalties' financial statements. These drivers represent accounts that assess Freehold Royalties' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Freehold Royalties' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 863.8M | 618.3M | 1.6B | 2.4B | 2.1B | 2.2B | |
| Enterprise Value | 973.5M | 712.2M | 1.7B | 2.5B | 2.2B | 2.3B |
Freehold Fundamentals
| Return On Equity | 0.14 | ||||
| Return On Asset | 0.1 | ||||
| Profit Margin | 0.42 % | ||||
| Operating Margin | 0.56 % | ||||
| Current Valuation | 2.38 B | ||||
| Shares Outstanding | 150.69 M | ||||
| Shares Owned By Insiders | 0.44 % | ||||
| Shares Owned By Institutions | 30.20 % | ||||
| Number Of Shares Shorted | 3.13 M | ||||
| Price To Earning | 211.00 X | ||||
| Price To Book | 2.41 X | ||||
| Price To Sales | 6.96 X | ||||
| Revenue | 314.57 M | ||||
| Gross Profit | 383.38 M | ||||
| EBITDA | 286 M | ||||
| Net Income | 131.9 M | ||||
| Cash And Equivalents | 1.09 M | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 124.59 M | ||||
| Debt To Equity | 0.15 % | ||||
| Current Ratio | 1.96 X | ||||
| Book Value Per Share | 6.00 X | ||||
| Cash Flow From Operations | 216.92 M | ||||
| Short Ratio | 5.75 X | ||||
| Earnings Per Share | 0.88 X | ||||
| Price To Earnings To Growth | (2.97) X | ||||
| Target Price | 17.2 | ||||
| Beta | 1.91 | ||||
| Market Capitalization | 2.18 B | ||||
| Total Asset | 1.12 B | ||||
| Retained Earnings | (580.99 M) | ||||
| Working Capital | 29.32 M | ||||
| Current Asset | 22 M | ||||
| Current Liabilities | 16.94 M | ||||
| Annual Yield | 0.07 % | ||||
| Five Year Return | 7.24 % | ||||
| Net Asset | 1.12 B | ||||
| Last Dividend Paid | 1.08 |
About Freehold Royalties Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Freehold Royalties's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Freehold Royalties using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Freehold Royalties 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 Freehold Royalties
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 Freehold Royalties 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 Freehold Royalties will appreciate offsetting losses from the drop in the long position's value.Moving together with Freehold Stock
The ability to find closely correlated positions to Freehold Royalties could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Freehold Royalties 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 Freehold Royalties - 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 Freehold Royalties to buy it.
The correlation of Freehold Royalties 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 Freehold Royalties moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Freehold Royalties 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 Freehold Royalties 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 Freehold Stock
Freehold Royalties financial ratios help investors to determine whether Freehold 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 Freehold with respect to the benefits of owning Freehold Royalties security.