Hammond Manufacturing Stock Fundamentals
| HMM-A Stock | CAD 9.68 0.09 0.92% |
Hammond Manufacturing fundamentals help investors to digest information that contributes to Hammond Manufacturing's financial success or failures. It also enables traders to predict the movement of Hammond Stock. The fundamental analysis module provides a way to measure Hammond Manufacturing'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 Hammond Manufacturing stock.
At this time, Hammond Manufacturing's Income Tax Expense is comparatively stable compared to the past year. Interest Expense is likely to gain to about 3.2 M in 2024, whereas Cost Of Revenue is likely to drop slightly above 91.5 M in 2024. Hammond | Select Account or Indicator |
Hammond Manufacturing Company Profit Margin Analysis
Hammond Manufacturing's Profit Margin measures overall efficiency of a company and shows its ability to withstand competition as well as defend against adverse conditions such as rising costs, falling prices, decline in sales or management distress. Profit margin tells investors how well the company executes on its overall pricing strategies as well as how effective the company in controlling its costs.
Current Hammond Manufacturing Profit Margin | 0.08 % |
Most of Hammond Manufacturing's fundamental indicators, such as Profit Margin, 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, Hammond Manufacturing is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Hammond Profit Margin Driver Correlations
Understanding the fundamental principles of building solid financial models for Hammond Manufacturing is extremely important. It helps to project a fair market value of Hammond Stock properly, considering its historical fundamentals such as Profit Margin. Since Hammond Manufacturing'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 Hammond Manufacturing'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 Hammond Manufacturing's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Profit Margin indicator shows the amount of money the company makes from total sales or revenue. It can provide a good insight into companies in the same sector, as well as help to identify trends of a company from year to year.
| Competition |
Hammond Pretax Profit Margin
Pretax Profit Margin |
|
Based on the latest financial disclosure, Hammond Manufacturing has a Profit Margin of 0.0775%. This is 105.96% lower than that of the Electrical Equipment sector and 102.22% lower than that of the Industrials industry. The profit margin for all Canada stocks is 106.1% lower than that of the firm.
Hammond Manufacturing Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Hammond Manufacturing's current stock value. Our valuation model uses many indicators to compare Hammond Manufacturing value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Hammond Manufacturing competition to find correlations between indicators driving Hammond Manufacturing's intrinsic value. More Info.Hammond Manufacturing is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset category among its peers reporting about 0.49 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Hammond Manufacturing is roughly 2.03 . At this time, Hammond Manufacturing's Return On Equity is comparatively stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Hammond Manufacturing's earnings, one of the primary drivers of an investment's value.Hammond Profit Margin Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Hammond Manufacturing's direct or indirect competition against its Profit Margin to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Hammond Manufacturing could also be used in its relative valuation, which is a method of valuing Hammond Manufacturing by comparing valuation metrics of similar companies.Hammond Manufacturing is currently under evaluation in profit margin category among its peers.
Hammond Fundamentals
| Return On Equity | 0.18 | ||||
| Return On Asset | 0.0885 | ||||
| Profit Margin | 0.08 % | ||||
| Operating Margin | 0.10 % | ||||
| Current Valuation | 146.96 M | ||||
| Shares Outstanding | 8.56 M | ||||
| Shares Owned By Insiders | 20.15 % | ||||
| Shares Owned By Institutions | 0.34 % | ||||
| Number Of Shares Shorted | 6.56 K | ||||
| Price To Earning | 4.78 X | ||||
| Price To Book | 0.97 X | ||||
| Price To Sales | 0.46 X | ||||
| Revenue | 238.28 M | ||||
| Gross Profit | 71.91 M | ||||
| EBITDA | 36.42 M | ||||
| Net Income | 18.76 M | ||||
| Cash And Equivalents | 1.01 M | ||||
| Cash Per Share | 0.09 X | ||||
| Total Debt | 56.45 M | ||||
| Debt To Equity | 75.30 % | ||||
| Current Ratio | 1.47 X | ||||
| Book Value Per Share | 9.94 X | ||||
| Cash Flow From Operations | 16.89 M | ||||
| Short Ratio | 0.25 X | ||||
| Earnings Per Share | 1.65 X | ||||
| Number Of Employees | 936 | ||||
| Beta | 0.61 | ||||
| Market Capitalization | 109.38 M | ||||
| Total Asset | 189.54 M | ||||
| Retained Earnings | 85.67 M | ||||
| Working Capital | 43.08 M | ||||
| Annual Yield | 0.01 % | ||||
| Net Asset | 189.54 M |
About Hammond Manufacturing Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Hammond Manufacturing's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hammond Manufacturing using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hammond Manufacturing 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.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | 13.4 M | 14.1 M | |
| Total Revenue | 238.3 M | 130.8 M | |
| Cost Of Revenue | 152.1 M | 91.5 M | |
| Sales General And Administrative To Revenue | 0.03 | 0.04 | |
| Capex To Revenue | 0.06 | 0.03 | |
| Revenue Per Share | 21.02 | 22.07 | |
| Ebit Per Revenue | 0.12 | 0.12 |
Pair Trading with Hammond Manufacturing
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 Hammond Manufacturing 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 Hammond Manufacturing will appreciate offsetting losses from the drop in the long position's value.Moving together with Hammond Stock
Moving against Hammond Stock
The ability to find closely correlated positions to Hammond Manufacturing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hammond Manufacturing 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 Hammond Manufacturing - 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 Hammond Manufacturing to buy it.
The correlation of Hammond Manufacturing 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 Hammond Manufacturing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hammond Manufacturing 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 Hammond Manufacturing 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 Hammond Stock Analysis
When running Hammond Manufacturing's price analysis, check to measure Hammond Manufacturing'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 Hammond Manufacturing is operating at the current time. Most of Hammond Manufacturing's value examination focuses on studying past and present price action to predict the probability of Hammond Manufacturing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hammond Manufacturing's price. Additionally, you may evaluate how the addition of Hammond Manufacturing to your portfolios can decrease your overall portfolio volatility.