Gfl Environmental Holdings Stock Return On Equity
| GFL Stock | CAD 64.11 0.18 0.28% |
Gfl Environmental Holdings fundamentals help investors to digest information that contributes to Gfl Environmental's financial success or failures. It also enables traders to predict the movement of Gfl Stock. The fundamental analysis module provides a way to measure Gfl Environmental'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 Gfl Environmental stock.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 0.01 | 0.01 |
Gfl | Return On Equity |
Gfl Environmental Holdings Company Return On Equity Analysis
Gfl Environmental'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 Gfl Environmental Return On Equity | -0.0827 |
Most of Gfl Environmental'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, Gfl Environmental Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Gfl Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Gfl Environmental is extremely important. It helps to project a fair market value of Gfl Stock properly, considering its historical fundamentals such as Return On Equity. Since Gfl Environmental'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 Gfl Environmental'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 Gfl Environmental's interrelated accounts and indicators.
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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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Gfl Total Stockholder Equity
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Based on the latest financial disclosure, Gfl Environmental Holdings has a Return On Equity of -0.0827. This is 118.8% lower than that of the Commercial Services & Supplies sector and 99.74% lower than that of the Industrials industry. The return on equity for all Canada stocks is 73.32% lower than that of the firm.
Gfl Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Gfl Environmental'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 Gfl Environmental could also be used in its relative valuation, which is a method of valuing Gfl Environmental by comparing valuation metrics of similar companies.Gfl Environmental is currently under evaluation in return on equity category among its peers.
Gfl Environmental Current Valuation Drivers
We derive many important indicators used in calculating different scores of Gfl Environmental from analyzing Gfl Environmental's financial statements. These drivers represent accounts that assess Gfl Environmental's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Gfl Environmental's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Enterprise Value | 14.3B | 21.1B | 25.4B | 24.1B | 26.0B | 15.3B |
Gfl Fundamentals
| Return On Equity | -0.0827 | ||||
| Return On Asset | 0.0128 | ||||
| Profit Margin | (0.08) % | ||||
| Operating Margin | 0.09 % | ||||
| Current Valuation | 35.15 B | ||||
| Shares Outstanding | 381.57 M | ||||
| Shares Owned By Insiders | 2.96 % | ||||
| Shares Owned By Institutions | 80.99 % | ||||
| Number Of Shares Shorted | 2.72 M | ||||
| Price To Book | 3.72 X | ||||
| Price To Sales | 3.25 X | ||||
| Revenue | 7.52 B | ||||
| Gross Profit | 823.4 M | ||||
| EBITDA | 1.88 B | ||||
| Net Income | 45.4 M | ||||
| Cash And Equivalents | 230.6 M | ||||
| Cash Per Share | 0.67 X | ||||
| Total Debt | 9.28 B | ||||
| Debt To Equity | 1.50 % | ||||
| Current Ratio | 0.63 X | ||||
| Book Value Per Share | 17.23 X | ||||
| Cash Flow From Operations | 942.2 M | ||||
| Short Ratio | 12.90 X | ||||
| Earnings Per Share | (1.80) X | ||||
| Price To Earnings To Growth | (0.67) X | ||||
| Target Price | 65.32 | ||||
| Number Of Employees | 20 K | ||||
| Beta | 1.03 | ||||
| Market Capitalization | 25.23 B | ||||
| Total Asset | 20.67 B | ||||
| Retained Earnings | (2.82 B) | ||||
| Working Capital | (325.4 M) | ||||
| Annual Yield | 0 % | ||||
| Net Asset | 20.67 B | ||||
| Last Dividend Paid | 0.073 |
About Gfl Environmental Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Gfl Environmental Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Gfl Environmental using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Gfl Environmental Holdings 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 Gfl Environmental
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 Gfl Environmental 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 Gfl Environmental will appreciate offsetting losses from the drop in the long position's value.Moving together with Gfl Stock
Moving against Gfl Stock
| 0.86 | GUD | Knight Therapeutics | PairCorr |
| 0.52 | EDV | Endeavour Mining Corp | PairCorr |
| 0.49 | PKI | Parkland Fuel | PairCorr |
The ability to find closely correlated positions to Gfl Environmental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gfl Environmental 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 Gfl Environmental - 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 Gfl Environmental Holdings to buy it.
The correlation of Gfl Environmental 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 Gfl Environmental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gfl Environmental 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 Gfl Environmental 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.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gfl Environmental Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.