Ritchie Bros Auctioneers Stock Shares Owned By Institutions
| RBA Stock | CAD 137.55 0.86 0.63% |
Ritchie Bros Auctioneers fundamentals help investors to digest information that contributes to Ritchie Bros' financial success or failures. It also enables traders to predict the movement of Ritchie Stock. The fundamental analysis module provides a way to measure Ritchie Bros' 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 Ritchie Bros stock.
Ritchie | Shares Owned By Institutions |
Ritchie Bros Auctioneers Company Shares Owned By Institutions Analysis
Ritchie Bros' Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.
More About Shares Owned By Institutions | All Equity Analysis
Shares Held by Institutions | = | Funds and Banks | + | Firms |
Current Ritchie Bros Shares Owned By Institutions | 93.94 % |
Most of Ritchie Bros' fundamental indicators, such as Shares Owned By Institutions, 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, Ritchie Bros Auctioneers is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Ritchie Shares Owned By Institutions Driver Correlations
Understanding the fundamental principles of building solid financial models for Ritchie Bros is extremely important. It helps to project a fair market value of Ritchie Stock properly, considering its historical fundamentals such as Shares Owned By Institutions. Since Ritchie Bros' 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 Ritchie Bros' 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 Ritchie Bros' interrelated accounts and indicators.
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Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.
| Competition |
Based on the latest financial disclosure, 93% of Ritchie Bros Auctioneers are shares owned by institutions. This is 79.45% higher than that of the Commercial Services & Supplies sector and significantly higher than that of the Industrials industry. The shares owned by institutions for all Canada stocks is 139.58% lower than that of the firm.
Ritchie Shares Owned By Institutions Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ritchie Bros' direct or indirect competition against its Shares Owned By Institutions to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Ritchie Bros could also be used in its relative valuation, which is a method of valuing Ritchie Bros by comparing valuation metrics of similar companies.Ritchie Bros is currently under evaluation in shares owned by institutions category among its peers.
Ritchie Bros Current Valuation Drivers
We derive many important indicators used in calculating different scores of Ritchie Bros from analyzing Ritchie Bros' financial statements. These drivers represent accounts that assess Ritchie Bros' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Ritchie Bros' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 4.7B | 7.6B | 6.8B | 6.4B | 13.3B | 13.9B | |
| Enterprise Value | 4.9B | 8.0B | 8.2B | 6.5B | 17.3B | 18.2B |
Ritchie Fundamentals
| Return On Equity | 0.0682 | ||||
| Return On Asset | 0.0399 | ||||
| Profit Margin | 0.09 % | ||||
| Operating Margin | 0.16 % | ||||
| Current Valuation | 30.88 B | ||||
| Shares Outstanding | 184.42 M | ||||
| Shares Owned By Insiders | 0.29 % | ||||
| Shares Owned By Institutions | 93.94 % | ||||
| Number Of Shares Shorted | 571.5 K | ||||
| Price To Earning | 70.73 X | ||||
| Price To Book | 3.46 X | ||||
| Price To Sales | 6.03 X | ||||
| Revenue | 2.77 B | ||||
| Gross Profit | 957.11 M | ||||
| EBITDA | 882.93 M | ||||
| Net Income | 155.28 M | ||||
| Cash And Equivalents | 494.32 M | ||||
| Cash Per Share | 3.59 X | ||||
| Total Debt | 3.47 B | ||||
| Debt To Equity | 0.88 % | ||||
| Current Ratio | 1.25 X | ||||
| Book Value Per Share | 28.25 X | ||||
| Cash Flow From Operations | 410.07 M | ||||
| Short Ratio | 3.35 X | ||||
| Earnings Per Share | 2.60 X | ||||
| Price To Earnings To Growth | 0.67 X | ||||
| Target Price | 78.13 | ||||
| Number Of Employees | 7.9 K | ||||
| Beta | 0.92 | ||||
| Market Capitalization | 25.21 B | ||||
| Total Asset | 9.07 B | ||||
| Retained Earnings | 692.37 M | ||||
| Working Capital | 355.27 M | ||||
| Current Asset | 430.1 M | ||||
| Current Liabilities | 289.97 M | ||||
| Annual Yield | 0.01 % | ||||
| Five Year Return | 2.03 % | ||||
| Net Asset | 9.07 B | ||||
| Last Dividend Paid | 1.12 |
About Ritchie Bros Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ritchie Bros Auctioneers's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ritchie Bros using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ritchie Bros Auctioneers 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 Ritchie Bros
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 Ritchie Bros 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 Ritchie Bros will appreciate offsetting losses from the drop in the long position's value.Moving together with Ritchie Stock
| 0.78 | FFH | Fairfax Financial | PairCorr |
| 0.76 | FFH-PM | Fairfax Financial | PairCorr |
| 0.61 | FFH-PJ | Fairfax Financial | PairCorr |
| 0.65 | FFH-PH | Fairfax Financial | PairCorr |
| 0.64 | FFH-PF | Fairfax Financial | PairCorr |
The ability to find closely correlated positions to Ritchie Bros could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ritchie Bros 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 Ritchie Bros - 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 Ritchie Bros Auctioneers to buy it.
The correlation of Ritchie Bros 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 Ritchie Bros moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ritchie Bros Auctioneers 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 Ritchie Bros 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 Ritchie Stock
Ritchie Bros financial ratios help investors to determine whether Ritchie 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 Ritchie with respect to the benefits of owning Ritchie Bros security.