Versabank Stock Net Income
| VBNK Stock | 23.70 0.16 0.67% |
VersaBank fundamentals help investors to digest information that contributes to VersaBank's financial success or failures. It also enables traders to predict the movement of VersaBank Stock. The fundamental analysis module provides a way to measure VersaBank'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 VersaBank stock.
| Last Reported | Projected for Next Year | ||
| Net Income | 48.5 M | 50.9 M | |
| Net Income Applicable To Common Shares | 24.9 M | 18.4 M | |
| Net Income From Continuing Ops | 48.5 M | 27.9 M | |
| Net Income Per Share | 1.44 | 1.52 | |
| Net Income Per E B T | 0.66 | 0.62 |
VersaBank | Net Income |
VersaBank Company Net Income Analysis
VersaBank's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current VersaBank Net Income | 42.16 M |
Most of VersaBank's fundamental indicators, such as Net Income, 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, VersaBank is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
VersaBank Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for VersaBank is extremely important. It helps to project a fair market value of VersaBank Stock properly, considering its historical fundamentals such as Net Income. Since VersaBank'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 VersaBank'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 VersaBank's interrelated accounts and indicators.
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Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
VersaBank Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, VersaBank reported net income of 42.16 M. This is 96.7% lower than that of the Banks sector and significantly higher than that of the Financials industry. The net income for all Canada stocks is 92.62% higher than that of the company.
VersaBank Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses VersaBank's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of VersaBank could also be used in its relative valuation, which is a method of valuing VersaBank by comparing valuation metrics of similar companies.VersaBank is currently under evaluation in net income category among its peers.
VersaBank Current Valuation Drivers
We derive many important indicators used in calculating different scores of VersaBank from analyzing VersaBank's financial statements. These drivers represent accounts that assess VersaBank's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of VersaBank's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 139.2M | 322.8M | 254.8M | 272.2M | 245.0M | 158.5M | |
| Enterprise Value | (101.7M) | 151.7M | 271.2M | 250.6M | 225.5M | 236.8M |
VersaBank Fundamentals
| Return On Equity | 0.12 | |||
| Return On Asset | 0.011 | |||
| Profit Margin | 0.41 % | |||
| Operating Margin | 0.50 % | |||
| Current Valuation | 489.9 M | |||
| Shares Outstanding | 26 M | |||
| Shares Owned By Insiders | 38.73 % | |||
| Shares Owned By Institutions | 23.02 % | |||
| Number Of Shares Shorted | 21.05 K | |||
| Price To Book | 1.57 X | |||
| Price To Sales | 5.45 X | |||
| Revenue | 108.64 M | |||
| Gross Profit | 81.94 M | |||
| EBITDA | 59.43 M | |||
| Net Income | 42.16 M | |||
| Total Debt | 110.62 M | |||
| Book Value Per Share | 15.23 X | |||
| Cash Flow From Operations | 94.72 M | |||
| Short Ratio | 1.22 X | |||
| Earnings Per Share | 1.76 X | |||
| Target Price | 22.08 | |||
| Number Of Employees | 119 | |||
| Beta | 1.06 | |||
| Market Capitalization | 620.42 M | |||
| Total Asset | 4.2 B | |||
| Retained Earnings | 146.04 M | |||
| Annual Yield | 0 % | |||
| Net Asset | 4.2 B | |||
| Last Dividend Paid | 0.1 |
About VersaBank Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze VersaBank's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of VersaBank using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of VersaBank 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 VersaBank
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 VersaBank 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 VersaBank will appreciate offsetting losses from the drop in the long position's value.Moving together with VersaBank Stock
| 0.89 | JPM | JPMorgan Chase | PairCorr |
| 0.96 | BOFA | Bank of America | PairCorr |
| 0.9 | RY-PM | Royal Bank | PairCorr |
| 0.88 | RY-PS | Royal Bank | PairCorr |
The ability to find closely correlated positions to VersaBank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VersaBank 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 VersaBank - 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 VersaBank to buy it.
The correlation of VersaBank 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 VersaBank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VersaBank 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 VersaBank 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.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VersaBank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in VersaBank Stock, please use our How to Invest in VersaBank guide.You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.