Mint Income Fund Price To Earning
| MID-UN Stock | CAD 7.52 0.06 0.79% |
MINT Income Fund fundamentals help investors to digest information that contributes to MINT Income's financial success or failures. It also enables traders to predict the movement of MINT Stock. The fundamental analysis module provides a way to measure MINT Income'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 MINT Income stock.
MINT | Price To Earning |
MINT Income Fund Company Price To Earning Analysis
MINT Income's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current MINT Income Price To Earning | 5.70 X |
Most of MINT Income's fundamental indicators, such as Price To Earning, 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, MINT Income Fund is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
MINT Price To Earning Driver Correlations
Understanding the fundamental principles of building solid financial models for MINT Income is extremely important. It helps to project a fair market value of MINT Stock properly, considering its historical fundamentals such as Price To Earning. Since MINT Income'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 MINT Income'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 MINT Income's interrelated accounts and indicators.
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Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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MINT Retained Earnings
Retained Earnings |
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Based on the latest financial disclosure, MINT Income Fund has a Price To Earning of 5.7 times. This is 68.82% lower than that of the Capital Markets sector and 60.85% lower than that of the Financials industry. The price to earning for all Canada stocks is 80.15% higher than that of the company.
MINT Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses MINT Income's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of MINT Income could also be used in its relative valuation, which is a method of valuing MINT Income by comparing valuation metrics of similar companies.MINT Income is currently under evaluation in price to earning category among its peers.
MINT Income Current Valuation Drivers
We derive many important indicators used in calculating different scores of MINT Income from analyzing MINT Income's financial statements. These drivers represent accounts that assess MINT Income's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of MINT Income's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 120.7M | 80.4M | 92.3M | 94.5M | 77.7M | 146.2M | |
| Enterprise Value | 139.3M | 77.7M | 99.0M | 91.8M | 94.5M | 152.6M |
MINT Fundamentals
| Return On Equity | 0.0219 | ||||
| Return On Asset | 0.0187 | ||||
| Profit Margin | 0.41 % | ||||
| Operating Margin | 0.69 % | ||||
| Current Valuation | 1.94 M | ||||
| Shares Outstanding | 11.01 M | ||||
| Number Of Shares Shorted | 227 | ||||
| Price To Earning | 5.70 X | ||||
| Price To Book | 1.07 X | ||||
| Price To Sales | 19.97 X | ||||
| Revenue | 4.18 M | ||||
| Gross Profit | 26.7 M | ||||
| EBITDA | 2.79 M | ||||
| Net Income | 1.7 M | ||||
| Cash And Equivalents | 121.15 M | ||||
| Cash Per Share | 6.55 X | ||||
| Total Debt | 20.43 M | ||||
| Debt To Equity | 9.00 % | ||||
| Current Ratio | 11.03 X | ||||
| Book Value Per Share | 7.11 X | ||||
| Cash Flow From Operations | (6.47 M) | ||||
| Short Ratio | 0.07 X | ||||
| Earnings Per Share | 0.79 X | ||||
| Beta | 0.6 | ||||
| Market Capitalization | 83.48 M | ||||
| Total Asset | 93.12 M | ||||
| Retained Earnings | 1.39 M | ||||
| Annual Yield | 0.07 % | ||||
| Five Year Return | 7.56 % | ||||
| Net Asset | 93.12 M | ||||
| Last Dividend Paid | 0.48 |
About MINT Income Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze MINT Income Fund's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of MINT Income using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of MINT Income Fund 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 MINT Income
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 MINT Income 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 MINT Income will appreciate offsetting losses from the drop in the long position's value.Moving together with MINT Stock
| 0.68 | RY | Royal Bank Earnings Call This Week | PairCorr |
| 0.63 | TD-PFI | Toronto Dominion Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to MINT Income could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MINT Income 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 MINT Income - 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 MINT Income Fund to buy it.
The correlation of MINT Income 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 MINT Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MINT Income Fund 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 MINT Income 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 MINT Stock
MINT Income financial ratios help investors to determine whether MINT 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 MINT with respect to the benefits of owning MINT Income security.