Magellan Midstream Partners Stock Return On Equity
| MMPDelisted Stock | USD 65.51 0.11 0.17% |
Magellan Midstream Partners fundamentals help investors to digest information that contributes to Magellan Midstream's financial success or failures. It also enables traders to predict the movement of Magellan Stock. The fundamental analysis module provides a way to measure Magellan Midstream'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 Magellan Midstream stock.
Magellan |
Magellan Midstream Partners Company Return On Equity Analysis
Magellan Midstream'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 Magellan Midstream Return On Equity | 0.59 |
Most of Magellan Midstream'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, Magellan Midstream Partners is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
CompetitionBased on the latest financial disclosure, Magellan Midstream Partners has a Return On Equity of 0.5918. This is 129.89% lower than that of the Oil, Gas & Consumable Fuels sector and 81.9% lower than that of the Energy industry. The return on equity for all United States stocks is notably lower than that of the firm.
Magellan Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Magellan Midstream'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 Magellan Midstream could also be used in its relative valuation, which is a method of valuing Magellan Midstream by comparing valuation metrics of similar companies.Magellan Midstream is currently under evaluation in return on equity category among its peers.
Magellan Fundamentals
| Return On Equity | 0.59 | |||
| Return On Asset | 0.092 | |||
| Profit Margin | 0.30 % | |||
| Operating Margin | 0.33 % | |||
| Current Valuation | 18.81 B | |||
| Shares Outstanding | 202.1 M | |||
| Shares Owned By Insiders | 0.38 % | |||
| Shares Owned By Institutions | 53.09 % | |||
| Number Of Shares Shorted | 7.31 M | |||
| Price To Earning | 12.39 X | |||
| Price To Book | 5.92 X | |||
| Price To Sales | 3.25 X | |||
| Revenue | 3.2 B | |||
| Gross Profit | 1.49 B | |||
| EBITDA | 1.09 B | |||
| Net Income | 1.04 B | |||
| Cash And Equivalents | 2 M | |||
| Cash Per Share | 0.04 X | |||
| Total Debt | 5.16 B | |||
| Debt To Equity | 2.95 % | |||
| Current Ratio | 1.00 X | |||
| Book Value Per Share | 8.48 X | |||
| Cash Flow From Operations | 1.14 B | |||
| Short Ratio | 8.15 X | |||
| Earnings Per Share | 5.00 X | |||
| Price To Earnings To Growth | 4.90 X | |||
| Target Price | 64.78 | |||
| Number Of Employees | 1.66 K | |||
| Beta | 0.91 | |||
| Market Capitalization | 13.94 B | |||
| Total Asset | 7.71 B | |||
| Retained Earnings | 1.04 B | |||
| Working Capital | (15 M) | |||
| Current Asset | 338.85 M | |||
| Current Liabilities | 713.07 M | |||
| Z Score | 2.69 | |||
| Annual Yield | 0.06 % | |||
| Five Year Return | 7.68 % | |||
| Net Asset | 7.71 B | |||
| Last Dividend Paid | 4.19 |
About Magellan Midstream Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Magellan Midstream Partners's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Magellan Midstream using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Magellan Midstream Partners 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 Magellan Midstream
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 Magellan Midstream 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 Magellan Midstream will appreciate offsetting losses from the drop in the long position's value.Moving against Magellan Stock
| 0.83 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.72 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.7 | BCH | Banco De Chile | PairCorr |
| 0.64 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.59 | SHG | Shinhan Financial | PairCorr |
The ability to find closely correlated positions to Magellan Midstream could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Magellan Midstream 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 Magellan Midstream - 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 Magellan Midstream Partners to buy it.
The correlation of Magellan Midstream 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 Magellan Midstream moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Magellan Midstream 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 Magellan Midstream 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 Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Other Consideration for investing in Magellan Stock
If you are still planning to invest in Magellan Midstream check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Magellan Midstream's history and understand the potential risks before investing.
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges |