Allete Historical Financial Ratios
| ALE Stock | USD 65.00 0.07 0.11% |
Allete is presently reporting on over 110 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Dividend Yield of 0.0611, PTB Ratio of 0.94 or Days Sales Outstanding of 52.06 will help investors to properly organize and evaluate Allete Inc financial condition quickly.
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About Allete Financial Ratios Analysis
Allete IncFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Allete investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Allete financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Allete history.
Allete Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Allete Inc stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Allete sales, a figure that is much harder to manipulate than other Allete Inc multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Dividend Yield
Dividend Yield is Allete Inc dividend as a percentage of Allete stock price. Allete Inc dividend yield is a measure of Allete stock productivity, which can be interpreted as interest rate earned on an Allete investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.Most ratios from Allete's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Allete Inc current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allete Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. At present, Allete's Days Sales Outstanding is projected to drop slightly based on the last few years of reporting. The current year's Free Cash Flow Yield is expected to grow to 0.09, whereas PTB Ratio is forecasted to decline to 0.94.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0379 | 0.0405 | 0.0444 | 0.0611 | Price To Sales Ratio | 2.45 | 2.3 | 1.86 | 0.99 |
Allete fundamentals Correlations
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Allete Account Relationship Matchups
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Allete fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 3.38 | 2.75 | 2.45 | 2.3 | 1.86 | 0.99 | |
| Ptb Ratio | 1.88 | 1.4 | 1.44 | 1.34 | 1.25 | 0.94 | |
| Days Sales Outstanding | 28.36 | 34.94 | 31.81 | 32.05 | 26.64 | 52.06 | |
| Book Value Per Share | 45.26 | 53.95 | 56.23 | 59.9 | 59.46 | 30.38 | |
| Free Cash Flow Yield | (0.083) | (0.13) | (0.0603) | 2.22E-4 | 0.0896 | 0.0941 | |
| Operating Cash Flow Per Share | 4.84 | 5.78 | 5.03 | 3.96 | 10.21 | 7.25 | |
| Stock Based Compensation To Revenue | 0.005079 | 0.005218 | 0.004157 | 0.00312 | 0.003883 | 0.005866 | |
| Capex To Depreciation | 2.8 | 3.15 | 1.96 | 0.88 | 1.08 | 1.02 | |
| Pb Ratio | 1.88 | 1.4 | 1.44 | 1.34 | 1.25 | 0.94 | |
| Ev To Sales | 3.55 | 4.64 | 4.27 | 3.82 | 2.78 | 1.84 | |
| Free Cash Flow Per Share | (6.74) | (8.05) | (4.0) | 0.0143 | 5.48 | 5.76 | |
| Roic | 0.0485 | 0.0488 | 0.0428 | 0.0382 | 0.034 | 0.0671 | |
| Inventory Turnover | 11.06 | 10.03 | 9.88 | 2.47 | 7.92 | 6.37 | |
| Net Income Per Share | 3.6 | 3.36 | 3.23 | 2.35 | 4.31 | 3.93 | |
| Days Of Inventory On Hand | 32.99 | 36.39 | 36.93 | 148.06 | 46.06 | 40.82 | |
| Payables Turnover | 4.88 | 6.77 | 8.7 | 10.91 | 13.6 | 14.28 | |
| Capex To Revenue | 0.21 | 0.48 | 0.61 | 0.33 | 0.14 | 0.18 | |
| Cash Per Share | 1.34 | 0.85 | 0.86 | 0.65 | 1.25 | 1.19 | |
| Pocfratio | 16.79 | 10.72 | 13.19 | 16.3 | 5.99 | 5.97 | |
| Interest Coverage | 2.77 | 2.3 | 2.19 | 1.78 | 2.24 | 3.34 | |
| Pfcf Ratio | (12.05) | (7.69) | (16.57) | 4.5K | 11.16 | 10.6 | |
| Days Payables Outstanding | 74.87 | 53.94 | 41.95 | 33.45 | 26.84 | 25.5 | |
| Income Quality | 1.35 | 1.86 | 1.91 | 1.69 | 2.37 | 1.72 | |
| Ev To Operating Cash Flow | 23.09 | 16.64 | 20.59 | 24.87 | 8.93 | 9.74 | |
| Pe Ratio | 22.57 | 18.45 | 20.55 | 27.46 | 14.18 | 10.45 | |
| Ev To Free Cash Flow | (16.58) | (11.94) | (25.86) | 6.9K | 16.63 | 15.8 | |
| Earnings Yield | 0.0443 | 0.0542 | 0.0487 | 0.0364 | 0.0705 | 0.067 | |
| Intangibles To Total Assets | 1.82E-4 | (0.0322) | (0.0289) | 0.0227 | 0.0233 | 0.0457 | |
| Net Debt To E B I T D A | 3.53 | 4.38 | 4.73 | 4.54 | 3.19 | 2.57 | |
| Current Ratio | 0.53 | 0.55 | 0.54 | 1.0 | 1.24 | 1.45 | |
| Tangible Book Value Per Share | 45.24 | 57.72 | 59.77 | 57.11 | 56.75 | 59.59 | |
| Receivables Turnover | 12.87 | 10.45 | 11.47 | 11.39 | 13.7 | 7.09 | |
| Graham Number | 59.17 | 57.78 | 57.84 | 50.45 | 68.98 | 57.86 | |
| Shareholders Equity Per Share | 43.25 | 44.21 | 46.05 | 48.16 | 49.03 | 29.16 | |
| Debt To Equity | 0.69 | 0.72 | 0.78 | 0.71 | 0.64 | 0.92 |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Allete Inc is a strong investment it is important to analyze Allete's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Allete's future performance. For an informed investment choice regarding Allete Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allete Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Electric Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allete. If investors know Allete will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allete listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.48) | Dividend Share 2.793 | Earnings Share 3.12 | Revenue Per Share 27.217 | Quarterly Revenue Growth 0.075 |
The market value of Allete Inc is measured differently than its book value, which is the value of Allete that is recorded on the company's balance sheet. Investors also form their own opinion of Allete's value that differs from its market value or its book value, called intrinsic value, which is Allete's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allete's market value can be influenced by many factors that don't directly affect Allete's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allete's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allete is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allete's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.