Hammond Manufacturing Stock EBITDA
| 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.
| Last Reported | Projected for Next Year | ||
| EBITDA | 36.4 M | 38.2 M |
Hammond | EBITDA |
Hammond Manufacturing Company EBITDA Analysis
Hammond Manufacturing's EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Current Hammond Manufacturing EBITDA | 36.42 M |
Most of Hammond Manufacturing's fundamental indicators, such as EBITDA, 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 EBITDA 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 EBITDA. 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, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
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Hammond Ebitda
Ebitda |
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According to the company disclosure, Hammond Manufacturing reported earnings before interest,tax, depreciation and amortization of 36.42 M. This is 96.06% lower than that of the Electrical Equipment sector and 86.03% lower than that of the Industrials industry. The ebitda for all Canada stocks is 99.07% higher than that of the company.
Hammond EBITDA 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 EBITDA 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 ebitda 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.
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.