Surge Energy Stock Fundamentals
| SGY Stock | CAD 5.71 0.15 2.56% |
Surge Energy fundamentals help investors to digest information that contributes to Surge Energy's financial success or failures. It also enables traders to predict the movement of Surge Stock. The fundamental analysis module provides a way to measure Surge Energy'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 Surge Energy stock.
At this time, Surge Energy's Income Tax Expense is very stable compared to the past year. As of the 27th of November 2024, Depreciation And Amortization is likely to grow to about 215.6 M, while Gross Profit is likely to drop about 98.9 M. Surge | Select Account or Indicator |
Surge Energy Company Return On Equity Analysis
Surge Energy'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 Surge Energy Return On Equity | -0.0989 |
Most of Surge Energy'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, Surge Energy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Surge Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Surge Energy is extremely important. It helps to project a fair market value of Surge Stock properly, considering its historical fundamentals such as Return On Equity. Since Surge Energy'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 Surge Energy'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 Surge Energy's interrelated accounts and indicators.
Click cells to compare fundamentals
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.
| Competition |
Surge Total Stockholder Equity
Total Stockholder Equity |
|
Based on the latest financial disclosure, Surge Energy has a Return On Equity of -0.0989. This is 95.01% lower than that of the Oil, Gas & Consumable Fuels sector and 105.56% lower than that of the Energy industry. The return on equity for all Canada stocks is 68.1% lower than that of the firm.
Surge Energy Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Surge Energy's current stock value. Our valuation model uses many indicators to compare Surge Energy value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Surge Energy competition to find correlations between indicators driving Surge Energy's intrinsic value. More Info.Surge Energy is rated below average in return on equity category among its peers. It is rated fifth in return on asset category among its peers . At this time, Surge Energy'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 Surge Energy by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Surge Energy'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.Surge Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Surge Energy'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 Surge Energy could also be used in its relative valuation, which is a method of valuing Surge Energy by comparing valuation metrics of similar companies.Surge Energy is currently under evaluation in return on equity category among its peers.
Surge Energy Current Valuation Drivers
We derive many important indicators used in calculating different scores of Surge Energy from analyzing Surge Energy's financial statements. These drivers represent accounts that assess Surge Energy's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Surge Energy's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 361.0M | 100.8M | 242.2M | 770.9M | 640.2M | 672.2M | |
| Enterprise Value | 839.4M | 547.2M | 610.4M | 1.1B | 922.3M | 968.5M |
Surge Fundamentals
| Return On Equity | -0.0989 | ||||
| Return On Asset | 0.0305 | ||||
| Profit Margin | (0.15) % | ||||
| Operating Margin | 0.29 % | ||||
| Current Valuation | 836.31 M | ||||
| Shares Outstanding | 101.1 M | ||||
| Shares Owned By Insiders | 1.98 % | ||||
| Shares Owned By Institutions | 5.30 % | ||||
| Number Of Shares Shorted | 1.79 M | ||||
| Price To Earning | 11.44 X | ||||
| Price To Book | 0.81 X | ||||
| Price To Sales | 1.11 X | ||||
| Revenue | 558.64 M | ||||
| Gross Profit | 435.52 M | ||||
| EBITDA | 320.07 M | ||||
| Net Income | 15.75 M | ||||
| Cash Per Share | 2.26 X | ||||
| Total Debt | 282.18 M | ||||
| Debt To Equity | 0.51 % | ||||
| Current Ratio | 0.39 X | ||||
| Book Value Per Share | 7.46 X | ||||
| Cash Flow From Operations | 266.14 M | ||||
| Short Ratio | 2.42 X | ||||
| Earnings Per Share | 1.57 X | ||||
| Target Price | 11.05 | ||||
| Number Of Employees | 93 | ||||
| Beta | 2.52 | ||||
| Market Capitalization | 609.65 M | ||||
| Total Asset | 1.48 B | ||||
| Retained Earnings | (1.02 B) | ||||
| Working Capital | (76.3 M) | ||||
| Current Asset | 30.65 M | ||||
| Current Liabilities | 47.44 M | ||||
| Annual Yield | 0.09 % | ||||
| Five Year Return | 9.54 % | ||||
| Net Asset | 1.48 B | ||||
| Last Dividend Paid | 0.49 |
About Surge Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Surge Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Surge Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Surge Energy 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 | 4.6 M | 4.8 M | |
| Total Revenue | 558.6 M | 586.6 M | |
| Cost Of Revenue | 415.4 M | 436.1 M | |
| Stock Based Compensation To Revenue | 0.02 | 0.02 | |
| Sales General And Administrative To Revenue | 0.03 | 0.03 | |
| Capex To Revenue | 0.33 | 0.31 | |
| Revenue Per Share | 5.65 | 5.37 | |
| Ebit Per Revenue | 0.57 | 0.60 |
Pair Trading with Surge Energy
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 Surge Energy 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 Surge Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Surge Stock
| 0.58 | FFH | Fairfax Financial | PairCorr |
| 0.54 | ENS | E Split Corp | PairCorr |
| 0.51 | ELF | E L Financial | PairCorr |
| 0.5 | FFH-PC | Fairfax Fin Hld | PairCorr |
| 0.48 | ENS-PA | E Split Corp | PairCorr |
The ability to find closely correlated positions to Surge Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Surge Energy 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 Surge Energy - 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 Surge Energy to buy it.
The correlation of Surge Energy 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 Surge Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Surge Energy 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 Surge Energy 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 Surge Stock
Surge Energy financial ratios help investors to determine whether Surge 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 Surge with respect to the benefits of owning Surge Energy security.