Tag Oil Stock Return On Equity
| TAO Stock | CAD 0.17 0.01 6.25% |
TAG Oil fundamentals help investors to digest information that contributes to TAG Oil's financial success or failures. It also enables traders to predict the movement of TAG Stock. The fundamental analysis module provides a way to measure TAG Oil'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 TAG Oil stock.
| Last Reported | Projected for Next Year | ||
| Return On Equity | (0.18) | (0.19) |
TAG | Return On Equity |
TAG Oil Company Return On Equity Analysis
TAG Oil'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 TAG Oil Return On Equity | -0.18 |
Most of TAG Oil'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, TAG Oil is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
TAG Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for TAG Oil is extremely important. It helps to project a fair market value of TAG Stock properly, considering its historical fundamentals such as Return On Equity. Since TAG Oil'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 TAG Oil'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 TAG Oil'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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TAG Total Stockholder Equity
Total Stockholder Equity |
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Based on the latest financial disclosure, TAG Oil has a Return On Equity of -0.181. This is 90.86% lower than that of the Oil, Gas & Consumable Fuels sector and 110.17% lower than that of the Energy industry. The return on equity for all Canada stocks is 41.61% lower than that of the firm.
TAG Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses TAG Oil'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 TAG Oil could also be used in its relative valuation, which is a method of valuing TAG Oil by comparing valuation metrics of similar companies.TAG Oil is currently under evaluation in return on equity category among its peers.
TAG Oil Current Valuation Drivers
We derive many important indicators used in calculating different scores of TAG Oil from analyzing TAG Oil's financial statements. These drivers represent accounts that assess TAG Oil's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of TAG Oil's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 29.9M | 24.0M | 29.4M | 59.0M | 78.3M | 56.3M | |
| Enterprise Value | (11.6M) | 8.2M | 16.6M | 40.0M | 62.1M | 43.6M |
TAG Fundamentals
| Return On Equity | -0.18 | ||||
| Return On Asset | -0.15 | ||||
| Operating Margin | (20.39) % | ||||
| Current Valuation | 23.2 M | ||||
| Shares Outstanding | 185.12 M | ||||
| Shares Owned By Insiders | 24.67 % | ||||
| Shares Owned By Institutions | 2.54 % | ||||
| Number Of Shares Shorted | 183.95 K | ||||
| Price To Book | 0.70 X | ||||
| Price To Sales | 66.35 X | ||||
| Gross Profit | (98 K) | ||||
| EBITDA | (6.52 M) | ||||
| Net Income | (3 M) | ||||
| Cash And Equivalents | 15.62 M | ||||
| Cash Per Share | 0.17 X | ||||
| Total Debt | 2.04 M | ||||
| Debt To Equity | 0 % | ||||
| Current Ratio | 37.69 X | ||||
| Book Value Per Share | 0.24 X | ||||
| Cash Flow From Operations | (5.46 M) | ||||
| Short Ratio | 0.54 X | ||||
| Earnings Per Share | (0.05) X | ||||
| Target Price | 1.1 | ||||
| Number Of Employees | 12 | ||||
| Beta | -0.053 | ||||
| Market Capitalization | 31.47 M | ||||
| Total Asset | 41.06 M | ||||
| Retained Earnings | (227.03 M) | ||||
| Working Capital | 21.55 M | ||||
| Current Asset | 25.84 M | ||||
| Current Liabilities | 3.73 M | ||||
| Net Asset | 41.06 M |
About TAG Oil Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze TAG Oil's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TAG Oil using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TAG Oil 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.
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Additional Tools for TAG Stock Analysis
When running TAG Oil's price analysis, check to measure TAG Oil's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TAG Oil is operating at the current time. Most of TAG Oil's value examination focuses on studying past and present price action to predict the probability of TAG Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TAG Oil's price. Additionally, you may evaluate how the addition of TAG Oil to your portfolios can decrease your overall portfolio volatility.