Quipt Home Medical Stock Fundamentals
| QIPT Stock | 3.28 0.09 2.67% |
Quipt Home Medical fundamentals help investors to digest information that contributes to Quipt Home's financial success or failures. It also enables traders to predict the movement of Quipt Stock. The fundamental analysis module provides a way to measure Quipt Home'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 Quipt Home stock.
At this time, Quipt Home's Other Operating Expenses is very stable compared to the past year. As of the 22nd of November 2024, Operating Income is likely to grow to about 18.2 M, though Total Other Income Expense Net is likely to grow to (9.6 M). Quipt | Select Account or Indicator |
Quipt Home Medical Company Return On Equity Analysis
Quipt Home'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 Quipt Home Return On Equity | -0.0451 |
Most of Quipt Home'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, Quipt Home Medical is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Quipt Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Quipt Home is extremely important. It helps to project a fair market value of Quipt Stock properly, considering its historical fundamentals such as Return On Equity. Since Quipt Home'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 Quipt Home'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 Quipt Home'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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Quipt Total Stockholder Equity
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Based on the latest financial disclosure, Quipt Home Medical has a Return On Equity of -0.0451. This is 99.81% lower than that of the Health Care Equipment & Supplies sector and 99.48% lower than that of the Health Care industry. The return on equity for all Canada stocks is 85.45% lower than that of the firm.
Quipt Home Medical Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Quipt Home's current stock value. Our valuation model uses many indicators to compare Quipt Home value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Quipt Home competition to find correlations between indicators driving Quipt Home's intrinsic value. More Info.Quipt Home Medical is currently regarded as top stock in return on equity category among its peers. It also is currently regarded as top stock in return on asset category among its peers . At this time, Quipt Home'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 Quipt Home by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Quipt Home'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.Quipt Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Quipt Home'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 Quipt Home could also be used in its relative valuation, which is a method of valuing Quipt Home by comparing valuation metrics of similar companies.Quipt Home is currently under evaluation in return on equity category among its peers.
Quipt Fundamentals
| Return On Equity | -0.0451 | ||||
| Return On Asset | 0.0115 | ||||
| Profit Margin | (0.02) % | ||||
| Operating Margin | 0.01 % | ||||
| Current Valuation | 258.18 M | ||||
| Shares Outstanding | 43.09 M | ||||
| Shares Owned By Insiders | 3.80 % | ||||
| Shares Owned By Institutions | 55.01 % | ||||
| Number Of Shares Shorted | 384.01 K | ||||
| Price To Book | 0.92 X | ||||
| Price To Sales | 0.58 X | ||||
| Revenue | 221.74 M | ||||
| EBITDA | 55.25 M | ||||
| Net Income | (2.78 M) | ||||
| Total Debt | 97.96 M | ||||
| Book Value Per Share | 2.55 X | ||||
| Cash Flow From Operations | 40.54 M | ||||
| Short Ratio | 17.54 X | ||||
| Earnings Per Share | (0.17) X | ||||
| Target Price | 10.6 | ||||
| Beta | 1.03 | ||||
| Market Capitalization | 141.34 M | ||||
| Total Asset | 247.41 M | ||||
| Retained Earnings | (163.81 M) | ||||
| Net Asset | 247.41 M |
About Quipt Home Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Quipt Home Medical's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Quipt Home using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Quipt Home Medical 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 | 5.2 M | 5.4 M | |
| Total Revenue | 255 M | 267.8 M | |
| Cost Of Revenue | 66.6 M | 69.9 M | |
| Stock Based Compensation To Revenue | 0.03 | 0.03 | |
| Sales General And Administrative To Revenue | 0.41 | 0.39 | |
| Capex To Revenue | 0.04 | 0.03 | |
| Revenue Per Share | 6.61 | 6.27 | |
| Ebit Per Revenue | 0.02 | 0.02 |
Pair Trading with Quipt Home
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 Quipt Home 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 Quipt Home will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Quipt Home could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Quipt Home 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 Quipt Home - 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 Quipt Home Medical to buy it.
The correlation of Quipt Home 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 Quipt Home moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Quipt Home Medical 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 Quipt Home 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Quipt Home Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.