Tourmaline Oil Corp Stock Fundamentals
| TOU Stock | CAD 67.82 2.34 3.57% |
Tourmaline Oil Corp fundamentals help investors to digest information that contributes to Tourmaline Oil's financial success or failures. It also enables traders to predict the movement of Tourmaline Stock. The fundamental analysis module provides a way to measure Tourmaline 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 Tourmaline Oil stock.
At this time, Tourmaline Oil's Cost Of Revenue is very stable compared to the past year. As of the 22nd of November 2024, Income Before Tax is likely to grow to about 2.3 B, while Depreciation And Amortization is likely to drop about 715.5 M. Tourmaline | Select Account or Indicator |
Tourmaline Oil Corp Company Return On Equity Analysis
Tourmaline 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 Tourmaline Oil Return On Equity | 0.11 |
Most of Tourmaline 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, Tourmaline Oil Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Tourmaline Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Tourmaline Oil is extremely important. It helps to project a fair market value of Tourmaline Stock properly, considering its historical fundamentals such as Return On Equity. Since Tourmaline 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 Tourmaline 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 Tourmaline 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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Tourmaline Total Stockholder Equity
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Based on the latest financial disclosure, Tourmaline Oil Corp has a Return On Equity of 0.1146. This is 105.79% lower than that of the Oil, Gas & Consumable Fuels sector and 93.56% lower than that of the Energy industry. The return on equity for all Canada stocks is 136.97% lower than that of the firm.
Tourmaline Oil Corp Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Tourmaline Oil's current stock value. Our valuation model uses many indicators to compare Tourmaline Oil value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Tourmaline Oil competition to find correlations between indicators driving Tourmaline Oil's intrinsic value. More Info.Tourmaline Oil Corp is rated third in return on equity category among its peers. It is rated fourth in return on asset category among its peers reporting about 0.55 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Tourmaline Oil Corp is roughly 1.83 . At this time, Tourmaline Oil'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 Tourmaline Oil by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Tourmaline Oil'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.Tourmaline Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Tourmaline 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 Tourmaline Oil could also be used in its relative valuation, which is a method of valuing Tourmaline Oil by comparing valuation metrics of similar companies.Tourmaline Oil is currently under evaluation in return on equity category among its peers.
Tourmaline Oil Current Valuation Drivers
We derive many important indicators used in calculating different scores of Tourmaline Oil from analyzing Tourmaline Oil's financial statements. These drivers represent accounts that assess Tourmaline Oil's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Tourmaline Oil's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 4.1B | 4.7B | 12.7B | 22.9B | 20.3B | 21.3B | |
| Enterprise Value | 5.8B | 6.4B | 13.6B | 23.6B | 21.4B | 22.5B |
Tourmaline Oil ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Tourmaline Oil's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Tourmaline Oil's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Tourmaline Fundamentals
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.0625 | ||||
| Profit Margin | 0.35 % | ||||
| Operating Margin | 0.53 % | ||||
| Current Valuation | 24.73 B | ||||
| Shares Outstanding | 371.51 M | ||||
| Shares Owned By Insiders | 5.13 % | ||||
| Shares Owned By Institutions | 47.58 % | ||||
| Number Of Shares Shorted | 6.67 M | ||||
| Price To Earning | 35.45 X | ||||
| Price To Book | 1.72 X | ||||
| Price To Sales | 5.62 X | ||||
| Revenue | 5.65 B | ||||
| Gross Profit | 5.37 B | ||||
| EBITDA | 3.58 B | ||||
| Net Income | 1.74 B | ||||
| Cash Per Share | 0.06 X | ||||
| Total Debt | 1.13 B | ||||
| Debt To Equity | 0.04 % | ||||
| Current Ratio | 0.62 X | ||||
| Book Value Per Share | 40.07 X | ||||
| Cash Flow From Operations | 4.41 B | ||||
| Short Ratio | 3.36 X | ||||
| Earnings Per Share | 4.43 X | ||||
| Price To Earnings To Growth | 0.24 X | ||||
| Target Price | 77.53 | ||||
| Number Of Employees | 389 | ||||
| Beta | 1.28 | ||||
| Market Capitalization | 25.2 B | ||||
| Total Asset | 20.48 B | ||||
| Retained Earnings | 5.18 B | ||||
| Working Capital | (298.28 M) | ||||
| Current Asset | 230.07 M | ||||
| Current Liabilities | 477.46 M | ||||
| Annual Yield | 0.02 % | ||||
| Net Asset | 20.48 B | ||||
| Last Dividend Paid | 1.25 |
About Tourmaline Oil Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Tourmaline Oil Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tourmaline Oil using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tourmaline Oil Corp 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 | 463.1 M | 486.2 M | |
| Total Revenue | 5.7 B | 5.9 B | |
| Cost Of Revenue | 3.2 B | 3.4 B | |
| Stock Based Compensation To Revenue | 0.01 | 0.01 | |
| Sales General And Administrative To Revenue | 0.03 | 0.03 | |
| Capex To Revenue | 0.48 | 0.46 | |
| Revenue Per Share | 16.57 | 17.40 | |
| Ebit Per Revenue | 0.40 | 0.42 |
Pair Trading with Tourmaline Oil
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 Tourmaline Oil 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 Tourmaline Oil will appreciate offsetting losses from the drop in the long position's value.Moving together with Tourmaline Stock
| 0.64 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.61 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.63 | ENS-PA | E Split Corp | PairCorr |
The ability to find closely correlated positions to Tourmaline Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tourmaline Oil 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 Tourmaline Oil - 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 Tourmaline Oil Corp to buy it.
The correlation of Tourmaline Oil 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 Tourmaline Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tourmaline Oil Corp 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 Tourmaline Oil 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 Tourmaline Stock
Tourmaline Oil financial ratios help investors to determine whether Tourmaline 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 Tourmaline with respect to the benefits of owning Tourmaline Oil security.