Richards Packaging Income Stock Return On Equity
| RPI-UN Stock | CAD 28.95 0.41 1.40% |
Richards Packaging Income fundamentals help investors to digest information that contributes to Richards Packaging's financial success or failures. It also enables traders to predict the movement of Richards Stock. The fundamental analysis module provides a way to measure Richards Packaging'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 Richards Packaging stock.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 0.22 | 0.23 |
Richards | Return On Equity |
Richards Packaging Income Company Return On Equity Analysis
Richards Packaging'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 Richards Packaging Return On Equity | 0.2 |
Most of Richards Packaging'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, Richards Packaging Income is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Richards Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Richards Packaging is extremely important. It helps to project a fair market value of Richards Stock properly, considering its historical fundamentals such as Return On Equity. Since Richards Packaging'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 Richards Packaging'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 Richards Packaging'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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Richards Total Stockholder Equity
Total Stockholder Equity |
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Based on the latest financial disclosure, Richards Packaging Income has a Return On Equity of 0.2026. This is 94.37% lower than that of the Containers & Packaging sector and 42.11% lower than that of the Materials industry. The return on equity for all Canada stocks is 165.35% lower than that of the firm.
Richards Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Richards Packaging'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 Richards Packaging could also be used in its relative valuation, which is a method of valuing Richards Packaging by comparing valuation metrics of similar companies.Richards Packaging is currently under evaluation in return on equity category among its peers.
Richards Fundamentals
| Return On Equity | 0.2 | |||
| Return On Asset | 0.11 | |||
| Profit Margin | 0.09 % | |||
| Operating Margin | 0.12 % | |||
| Current Valuation | 356.51 M | |||
| Shares Outstanding | 10.96 M | |||
| Shares Owned By Insiders | 25.78 % | |||
| Shares Owned By Institutions | 32.64 % | |||
| Number Of Shares Shorted | 2.25 K | |||
| Price To Earning | 19.61 X | |||
| Price To Book | 1.66 X | |||
| Price To Sales | 0.78 X | |||
| Revenue | 425.93 M | |||
| Gross Profit | 88.39 M | |||
| EBITDA | 66.84 M | |||
| Net Income | 55.74 M | |||
| Cash And Equivalents | 2.35 M | |||
| Cash Per Share | 0.22 X | |||
| Total Debt | 53.17 M | |||
| Debt To Equity | 81.90 % | |||
| Current Ratio | 1.36 X | |||
| Book Value Per Share | 17.72 X | |||
| Cash Flow From Operations | 83.19 M | |||
| Short Ratio | 0.44 X | |||
| Earnings Per Share | 3.32 X | |||
| Target Price | 40.0 | |||
| Beta | 0.48 | |||
| Market Capitalization | 321.64 M | |||
| Total Asset | 318.2 M | |||
| Retained Earnings | 163.3 M | |||
| Working Capital | 57.26 M | |||
| Annual Yield | 0.04 % | |||
| Five Year Return | 4.44 % | |||
| Net Asset | 318.2 M | |||
| Last Dividend Paid | 1.32 |
About Richards Packaging Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Richards Packaging Income's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Richards Packaging using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Richards Packaging Income 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 Richards Packaging
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 Richards Packaging 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 Richards Packaging will appreciate offsetting losses from the drop in the long position's value.Moving together with Richards Stock
Moving against Richards Stock
| 0.62 | FFH-PC | Fairfax Fin Hld | PairCorr |
| 0.55 | RY-PS | Royal Bank | PairCorr |
| 0.51 | FFH-PH | Fairfax Financial | PairCorr |
| 0.39 | TD-PFI | Toronto Dominion Bank | PairCorr |
| 0.37 | BMO-PE | Bank of Montreal | PairCorr |
The ability to find closely correlated positions to Richards Packaging could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Richards Packaging 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 Richards Packaging - 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 Richards Packaging Income to buy it.
The correlation of Richards Packaging 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 Richards Packaging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Richards Packaging Income 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 Richards Packaging 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 Richards Stock
Richards Packaging financial ratios help investors to determine whether Richards 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 Richards with respect to the benefits of owning Richards Packaging security.