Source Energy Services Stock Return On Asset
| SHLE Stock | CAD 16.50 0.50 2.94% |
Source Energy Services fundamentals help investors to digest information that contributes to Source Energy's financial success or failures. It also enables traders to predict the movement of Source Stock. The fundamental analysis module provides a way to measure Source 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 Source Energy stock.
As of the 28th of November 2024, Return On Assets is likely to grow to 0.36. Source | Return On Asset |
Source Energy Services Company Return On Asset Analysis
Source Energy's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Source Energy Return On Asset | 0.0764 |
Most of Source Energy's fundamental indicators, such as Return On Asset, 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, Source Energy Services is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Source Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Source Energy is extremely important. It helps to project a fair market value of Source Stock properly, considering its historical fundamentals such as Return On Asset. Since Source 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 Source 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 Source Energy's interrelated accounts and indicators.
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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Based on the latest financial disclosure, Source Energy Services has a Return On Asset of 0.0764. This is 91.0% higher than that of the Energy Equipment & Services sector and 103.06% lower than that of the Energy industry. The return on asset for all Canada stocks is 154.57% lower than that of the firm.
Source Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Source Energy's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Source Energy could also be used in its relative valuation, which is a method of valuing Source Energy by comparing valuation metrics of similar companies.Source Energy is currently under evaluation in return on asset category among its peers.
Source Energy Current Valuation Drivers
We derive many important indicators used in calculating different scores of Source Energy from analyzing Source Energy's financial statements. These drivers represent accounts that assess Source Energy's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Source Energy's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 79.3M | 14.4M | 7.9M | 25.6M | 80.7M | 113.4M | |
| Enterprise Value | 223.2M | 313.3M | 239.8M | 339.0M | 302.5M | 358.9M |
Source Fundamentals
| Return On Equity | 1.64 | ||||
| Return On Asset | 0.0764 | ||||
| Profit Margin | 0.25 % | ||||
| Operating Margin | 0.09 % | ||||
| Current Valuation | 451.01 M | ||||
| Shares Outstanding | 13.55 M | ||||
| Shares Owned By Insiders | 11.00 % | ||||
| Shares Owned By Institutions | 16.69 % | ||||
| Number Of Shares Shorted | 17.31 K | ||||
| Price To Earning | 6.14 X | ||||
| Price To Book | 1.15 X | ||||
| Price To Sales | 0.34 X | ||||
| Revenue | 569.75 M | ||||
| Gross Profit | 58.15 M | ||||
| EBITDA | 223.89 M | ||||
| Net Income | 167.34 M | ||||
| Cash And Equivalents | 4.57 M | ||||
| Cash Per Share | 0.08 X | ||||
| Total Debt | 221.78 M | ||||
| Current Ratio | 1.58 X | ||||
| Book Value Per Share | 13.81 X | ||||
| Cash Flow From Operations | 51.09 M | ||||
| Short Ratio | 0.23 X | ||||
| Earnings Per Share | 12.06 X | ||||
| Target Price | 18.0 | ||||
| Number Of Employees | 451 | ||||
| Beta | 2.75 | ||||
| Market Capitalization | 230.27 M | ||||
| Total Asset | 482.83 M | ||||
| Retained Earnings | (254.45 M) | ||||
| Working Capital | 27.81 M | ||||
| Current Asset | 54.83 M | ||||
| Current Liabilities | 46.33 M | ||||
| Net Asset | 482.83 M |
About Source Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Source Energy Services's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Source Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Source Energy Services 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 Source 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 Source 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 Source Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Source Stock
Moving against Source Stock
The ability to find closely correlated positions to Source 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 Source 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 Source 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 Source Energy Services to buy it.
The correlation of Source 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 Source Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Source Energy Services 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 Source 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 Source Stock
Source Energy financial ratios help investors to determine whether Source 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 Source with respect to the benefits of owning Source Energy security.