Martinrea International Stock Return On Equity
| MRE Stock | CAD 9.96 0.09 0.91% |
Martinrea International fundamentals help investors to digest information that contributes to Martinrea International's financial success or failures. It also enables traders to predict the movement of Martinrea Stock. The fundamental analysis module provides a way to measure Martinrea International'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 Martinrea International stock.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 0.10 | 0.11 |
Martinrea | Return On Equity |
Martinrea International Company Return On Equity Analysis
Martinrea International'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 Martinrea International Return On Equity | 0.0943 |
Most of Martinrea International'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, Martinrea International is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Martinrea Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Martinrea International is extremely important. It helps to project a fair market value of Martinrea Stock properly, considering its historical fundamentals such as Return On Equity. Since Martinrea International'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 Martinrea International'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 Martinrea International's interrelated accounts and indicators.
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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.
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Martinrea Total Stockholder Equity
Total Stockholder Equity |
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Based on the latest financial disclosure, Martinrea International has a Return On Equity of 0.0943. This is 97.38% lower than that of the Specialty Retail sector and 93.31% lower than that of the Consumer Discretionary industry. The return on equity for all Canada stocks is 130.42% lower than that of the firm.
Martinrea Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Martinrea International'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 Martinrea International could also be used in its relative valuation, which is a method of valuing Martinrea International by comparing valuation metrics of similar companies.Martinrea International is currently under evaluation in return on equity category among its peers.
Martinrea International Current Valuation Drivers
We derive many important indicators used in calculating different scores of Martinrea International from analyzing Martinrea International's financial statements. These drivers represent accounts that assess Martinrea International's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Martinrea International's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 1.2B | 1.2B | 923.9M | 905.1M | 1.1B | 575.5M | |
| Enterprise Value | 2.0B | 2.1B | 2.0B | 2.1B | 2.2B | 2.3B |
Martinrea Fundamentals
| Return On Equity | 0.0943 | |||
| Return On Asset | 0.0449 | |||
| Profit Margin | 0.03 % | |||
| Operating Margin | 0.06 % | |||
| Current Valuation | 1.79 B | |||
| Shares Outstanding | 73.99 M | |||
| Shares Owned By Insiders | 11.38 % | |||
| Shares Owned By Institutions | 15.59 % | |||
| Number Of Shares Shorted | 423.11 K | |||
| Price To Earning | 5.61 X | |||
| Price To Book | 0.47 X | |||
| Price To Sales | 0.14 X | |||
| Revenue | 5.34 B | |||
| Gross Profit | 818.02 M | |||
| EBITDA | 616.68 M | |||
| Net Income | 153.66 M | |||
| Cash And Equivalents | 161.66 M | |||
| Cash Per Share | 1.57 X | |||
| Total Debt | 1.23 B | |||
| Debt To Equity | 0.97 % | |||
| Current Ratio | 1.39 X | |||
| Book Value Per Share | 18.75 X | |||
| Cash Flow From Operations | 511.09 M | |||
| Short Ratio | 3.88 X | |||
| Earnings Per Share | 1.33 X | |||
| Price To Earnings To Growth | 0.54 X | |||
| Target Price | 16.21 | |||
| Number Of Employees | 19 K | |||
| Beta | 2.07 | |||
| Market Capitalization | 736.92 M | |||
| Total Asset | 3.99 B | |||
| Retained Earnings | 678.27 M | |||
| Working Capital | 203.12 M | |||
| Current Asset | 995.94 M | |||
| Current Liabilities | 831.97 M | |||
| Annual Yield | 0.02 % | |||
| Five Year Return | 1.37 % | |||
| Net Asset | 3.99 B |
About Martinrea International Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Martinrea International's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Martinrea International using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Martinrea International 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 Martinrea International
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 Martinrea International 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 Martinrea International will appreciate offsetting losses from the drop in the long position's value.Moving together with Martinrea Stock
Moving against Martinrea Stock
| 0.62 | TD-PFI | Toronto Dominion Bank | PairCorr |
| 0.61 | HFPC-U | Helios Fairfax Partners | PairCorr |
| 0.5 | NVDA | NVIDIA CDR | PairCorr |
| 0.45 | PVF-UN | Partners Value Inves | PairCorr |
The ability to find closely correlated positions to Martinrea International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Martinrea International 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 Martinrea International - 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 Martinrea International to buy it.
The correlation of Martinrea International 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 Martinrea International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Martinrea International 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 Martinrea International 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 Martinrea Stock
Martinrea International financial ratios help investors to determine whether Martinrea 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 Martinrea with respect to the benefits of owning Martinrea International security.