Journey Energy Stock Fundamentals
| JOY Stock | CAD 2.07 0.01 0.48% |
Journey Energy fundamentals help investors to digest information that contributes to Journey Energy's financial success or failures. It also enables traders to predict the movement of Journey Stock. The fundamental analysis module provides a way to measure Journey Energy'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 Journey Energy stock.
At this time, Journey Energy's Income Before Tax is very stable compared to the past year. As of the 28th of November 2024, Net Income is likely to grow to about 16.6 M, while Depreciation And Amortization is likely to drop about 30.1 M. Journey | Select Account or Indicator |
Journey Energy Company Return On Asset Analysis
Journey Energy's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Journey Energy Return On Asset | 0.0165 |
Most of Journey Energy's fundamental indicators, such as Return On Asset, 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, Journey Energy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Journey Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Journey Energy is extremely important. It helps to project a fair market value of Journey Stock properly, considering its historical fundamentals such as Return On Asset. Since Journey Energy'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 Journey Energy'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 Journey Energy's interrelated accounts and indicators.
Click cells to compare fundamentals
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
| Competition |
Journey Total Assets
Total Assets |
|
Based on the latest financial disclosure, Journey Energy has a Return On Asset of 0.0165. This is 58.75% lower than that of the Oil, Gas & Consumable Fuels sector and 100.23% lower than that of the Energy industry. The return on asset for all Canada stocks is 111.79% lower than that of the firm.
Journey Energy Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Journey Energy's current stock value. Our valuation model uses many indicators to compare Journey Energy value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Journey Energy competition to find correlations between indicators driving Journey Energy's intrinsic value. More Info.Journey Energy is rated fifth overall in return on equity category among its peers. It also is rated fifth overall in return on asset category among its peers reporting about 1.06 of Return On Asset per Return On Equity. At this time, Journey Energy's Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Journey Energy by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Journey Energy's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Journey Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Journey Energy's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Journey Energy could also be used in its relative valuation, which is a method of valuing Journey Energy by comparing valuation metrics of similar companies.Journey Energy is currently under evaluation in return on asset category among its peers.
Journey Fundamentals
| Return On Equity | 0.0156 | ||||
| Return On Asset | 0.0165 | ||||
| Profit Margin | 0.03 % | ||||
| Operating Margin | 0.08 % | ||||
| Current Valuation | 186.99 M | ||||
| Shares Outstanding | 67.11 M | ||||
| Shares Owned By Insiders | 7.74 % | ||||
| Shares Owned By Institutions | 20.75 % | ||||
| Number Of Shares Shorted | 2.19 M | ||||
| Price To Earning | 1.38 X | ||||
| Price To Book | 0.43 X | ||||
| Price To Sales | 0.81 X | ||||
| Revenue | 186.92 M | ||||
| Gross Profit | 118.81 M | ||||
| EBITDA | 67.86 M | ||||
| Net Income | 15.82 M | ||||
| Cash And Equivalents | 335 K | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 62.37 M | ||||
| Debt To Equity | 305.40 % | ||||
| Current Ratio | 0.18 X | ||||
| Book Value Per Share | 5.25 X | ||||
| Cash Flow From Operations | 66.64 M | ||||
| Short Ratio | 34.37 X | ||||
| Earnings Per Share | 0.07 X | ||||
| Price To Earnings To Growth | (0.69) X | ||||
| Target Price | 3.92 | ||||
| Beta | 3.41 | ||||
| Market Capitalization | 138.91 M | ||||
| Total Asset | 610.14 M | ||||
| Retained Earnings | (163.57 M) | ||||
| Working Capital | (59.26 M) | ||||
| Net Asset | 610.14 M |
About Journey Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Journey Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Journey Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Journey Energy 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 | -40.9 M | -38.9 M | |
| Total Revenue | 186.9 M | 140.5 M | |
| Cost Of Revenue | 148 M | 155.4 M | |
| Stock Based Compensation To Revenue | 0.01 | 0.01 | |
| Sales General And Administrative To Revenue | 0.05 | 0.04 | |
| Capex To Revenue | 0.25 | 0.47 | |
| Revenue Per Share | 3.10 | 3.25 | |
| Ebit Per Revenue | 0.15 | 0.16 |
Pair Trading with Journey Energy
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 Journey Energy 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 Journey Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Journey Stock
| 0.61 | ENS | E Split Corp | PairCorr |
| 0.58 | ENS-PA | E Split Corp | PairCorr |
| 0.47 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.44 | BUI | Buhler Industries | PairCorr |
The ability to find closely correlated positions to Journey Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Journey Energy 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 Journey Energy - 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 Journey Energy to buy it.
The correlation of Journey Energy 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 Journey Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Journey Energy 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 Journey Energy 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 Journey Stock
Journey Energy financial ratios help investors to determine whether Journey 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 Journey with respect to the benefits of owning Journey Energy security.