Topaz Energy Corp Stock Fundamentals
| TPZ Stock | CAD 27.81 1.17 4.04% |
Topaz Energy Corp fundamentals help investors to digest information that contributes to Topaz Energy's financial success or failures. It also enables traders to predict the movement of Topaz Stock. The fundamental analysis module provides a way to measure Topaz 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 Topaz Energy stock.
At this time, Topaz Energy's Interest Expense is very stable compared to the past year. As of the 27th of November 2024, Other Operating Expenses is likely to grow to about 247.8 M, while EBIT is likely to drop about 42.4 M. Topaz | Select Account or Indicator |
Topaz Energy Corp Company Return On Equity Analysis
Topaz 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 Topaz Energy Return On Equity | 0.051 |
Most of Topaz 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, Topaz Energy Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Topaz Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Topaz Energy is extremely important. It helps to project a fair market value of Topaz Stock properly, considering its historical fundamentals such as Return On Equity. Since Topaz 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 Topaz 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 Topaz Energy'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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Topaz Total Stockholder Equity
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Based on the latest financial disclosure, Topaz Energy Corp has a Return On Equity of 0.051. This is 102.58% lower than that of the Oil, Gas & Consumable Fuels sector and 98.44% lower than that of the Energy industry. The return on equity for all Canada stocks is 116.45% lower than that of the firm.
Topaz Energy Corp Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Topaz Energy's current stock value. Our valuation model uses many indicators to compare Topaz Energy value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Topaz Energy competition to find correlations between indicators driving Topaz Energy's intrinsic value. More Info.Topaz Energy Corp is rated below average in return on equity category among its peers. It also is rated below average in return on asset category among its peers reporting about 0.87 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Topaz Energy Corp is roughly 1.15 . At this time, Topaz 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 Topaz Energy by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Topaz 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.Topaz Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Topaz 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 Topaz Energy could also be used in its relative valuation, which is a method of valuing Topaz Energy by comparing valuation metrics of similar companies.Topaz Energy is currently under evaluation in return on equity category among its peers.
Topaz Fundamentals
| Return On Equity | 0.051 | |||
| Return On Asset | 0.0445 | |||
| Profit Margin | 0.20 % | |||
| Operating Margin | 0.45 % | |||
| Current Valuation | 4.68 B | |||
| Shares Outstanding | 153.2 M | |||
| Shares Owned By Insiders | 33.82 % | |||
| Shares Owned By Institutions | 18.25 % | |||
| Number Of Shares Shorted | 2.05 M | |||
| Price To Earning | 33.84 X | |||
| Price To Book | 3.70 X | |||
| Price To Sales | 13.61 X | |||
| Revenue | 306.69 M | |||
| Gross Profit | 363.27 M | |||
| EBITDA | 288.22 M | |||
| Net Income | 47.64 M | |||
| Cash And Equivalents | 8.03 M | |||
| Cash Per Share | 0.06 X | |||
| Total Debt | 391.64 M | |||
| Debt To Equity | 0.35 % | |||
| Current Ratio | 8.06 X | |||
| Book Value Per Share | 7.94 X | |||
| Cash Flow From Operations | 300.58 M | |||
| Short Ratio | 8.83 X | |||
| Earnings Per Share | 0.43 X | |||
| Target Price | 31.8 | |||
| Beta | 0.5 | |||
| Market Capitalization | 4.26 B | |||
| Total Asset | 1.7 B | |||
| Retained Earnings | (337.17 M) | |||
| Working Capital | 53.3 M | |||
| Annual Yield | 0.05 % | |||
| Net Asset | 1.7 B | |||
| Last Dividend Paid | 1.28 |
About Topaz Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Topaz Energy Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Topaz Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Topaz Energy 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 | ||
| Total Revenue | 306.7 M | 212.2 M | |
| Cost Of Revenue | 224.4 M | 151 M | |
| Stock Based Compensation To Revenue | 0.01 | 0.01 | |
| Sales General And Administrative To Revenue | 0.03 | 0.06 | |
| Capex To Revenue | 0.18 | 0.17 | |
| Revenue Per Share | 2.12 | 1.14 | |
| Ebit Per Revenue | (0.35) | (0.33) |
Pair Trading with Topaz 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 Topaz 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 Topaz Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Topaz Stock
Moving against Topaz Stock
The ability to find closely correlated positions to Topaz 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 Topaz 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 Topaz 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 Topaz Energy Corp to buy it.
The correlation of Topaz 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 Topaz Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Topaz Energy 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 Topaz 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 Topaz Stock
Topaz Energy financial ratios help investors to determine whether Topaz 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 Topaz with respect to the benefits of owning Topaz Energy security.