MEG Historical Financial Ratios
| MEG Stock | CAD 25.20 0.20 0.80% |
MEG Energy is lately reporting on over 95 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 Days Sales Outstanding of 27.66 will help investors to properly organize and evaluate MEG Energy Corp financial condition quickly.
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About MEG Financial Ratios Analysis
MEG Energy CorpFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate MEG Energy 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 MEG financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across MEG Energy history.
MEG Energy Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing MEG Energy Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on MEG Energy sales, a figure that is much harder to manipulate than other MEG Energy Corp 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.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.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.Most ratios from MEG Energy's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into MEG Energy Corp 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MEG Energy Corp. 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. At this time, MEG Energy's Net Income Per Share is very stable compared to the past year. As of the 29th of November 2024, Days Of Inventory On Hand is likely to grow to 23.57, while Price To Sales Ratio is likely to drop 1.14.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 40.01 | 27.33 | 29.12 | 27.66 | PTB Ratio | 0.94 | 1.31 | 1.49 | 1.24 |
MEG Energy fundamentals Correlations
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MEG Energy Account Relationship Matchups
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MEG Energy fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 0.56 | 0.58 | 0.81 | 0.9 | 1.2 | 1.14 | |
| Ptb Ratio | 0.57 | 0.38 | 0.94 | 1.31 | 1.49 | 1.24 | |
| Days Sales Outstanding | 33.14 | 41.72 | 40.01 | 27.33 | 29.12 | 27.66 | |
| Book Value Per Share | 12.89 | 11.61 | 12.44 | 14.42 | 15.88 | 18.86 | |
| Free Cash Flow Yield | 0.2 | 0.11 | 0.1 | 0.26 | 0.13 | 0.14 | |
| Operating Cash Flow Per Share | 0.95 | 2.11 | 2.25 | 6.21 | 4.73 | 4.97 | |
| Stock Based Compensation To Revenue | 0.006036 | (0.006519) | (0.007505) | 0.00205 | 0.0182 | 0.0173 | |
| Pb Ratio | 0.57 | 0.38 | 0.94 | 1.31 | 1.49 | 1.24 | |
| Ev To Sales | 1.36 | 1.92 | 1.42 | 1.16 | 1.41 | 1.34 | |
| Free Cash Flow Per Share | 1.45 | 0.51 | 1.17 | 4.97 | 3.16 | 3.32 | |
| Roic | 0.009464 | 0.0347 | (0.0699) | 0.11 | 0.19 | 0.13 | |
| Inventory Turnover | 34.66 | 23.33 | 19.76 | 20.08 | 17.63 | 28.64 | |
| Net Income Per Share | (0.21) | (1.18) | 0.92 | 2.97 | 2.0 | 2.1 | |
| Days Of Inventory On Hand | 10.53 | 15.64 | 18.47 | 18.18 | 20.7 | 23.57 | |
| Payables Turnover | 9.0 | 8.33 | 6.82 | 7.85 | 8.72 | 8.29 | |
| Sales General And Administrative To Revenue | 0.0249 | 0.0152 | 0.0186 | 0.0153 | 0.0184 | 0.0175 | |
| Capex To Revenue | 0.0498 | 0.0648 | 0.0753 | 0.0593 | 0.0794 | 0.0755 | |
| Pocfratio | 3.5 | 4.45 | 5.19 | 3.04 | 5.01 | 5.26 | |
| Interest Coverage | 1.2 | (2.25) | 3.7 | 8.62 | 6.95 | 7.29 | |
| Capex To Operating Cash Flow | 0.31 | 0.49 | 0.48 | 0.2 | 0.33 | 0.35 | |
| Pfcf Ratio | 5.1 | 8.78 | 9.97 | 3.79 | 7.51 | 7.89 | |
| Days Payables Outstanding | 40.54 | 43.83 | 53.54 | 46.47 | 41.85 | 43.94 | |
| Income Quality | (10.18) | (0.85) | 2.44 | 2.09 | 2.37 | 2.49 | |
| Roe | (0.0307) | (0.0161) | (0.1) | 0.0743 | 0.21 | 0.13 | |
| Ev To Operating Cash Flow | 8.57 | 14.66 | 9.05 | 3.9 | 5.92 | 6.21 | |
| Pe Ratio | (35.64) | (3.76) | 12.65 | 6.35 | 11.88 | 11.29 | |
| Return On Tangible Assets | (0.007891) | (0.0495) | 0.0373 | 0.13 | 0.0825 | 0.0866 | |
| Ev To Free Cash Flow | 12.49 | 28.94 | 17.4 | 4.87 | 8.87 | 9.31 | |
| Earnings Yield | (0.0281) | (0.27) | 0.079 | 0.16 | 0.0842 | 0.0884 | |
| Intangibles To Total Assets | 0.001144 | 9.69E-4 | 6.59E-4 | 5.69E-4 | 4.35E-4 | 4.13E-4 | |
| Net Debt To E B I T D A | 3.48 | 14.69 | 2.49 | 0.85 | 0.84 | 0.79 | |
| Current Ratio | 1.22 | 1.12 | 1.17 | 1.44 | 1.48 | 1.4 | |
| Tangible Book Value Per Share | 12.86 | 11.59 | 12.43 | 14.4 | 15.87 | 18.74 | |
| Receivables Turnover | 11.01 | 8.75 | 9.12 | 13.35 | 12.53 | 8.18 | |
| Graham Number | 7.75 | 17.57 | 16.09 | 31.02 | 26.71 | 14.92 | |
| Shareholders Equity Per Share | 12.89 | 11.61 | 12.44 | 14.42 | 15.88 | 18.86 |
Pair Trading with MEG 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 MEG 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 MEG Energy will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to MEG 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 MEG 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 MEG 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 MEG Energy Corp to buy it.
The correlation of MEG 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 MEG Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MEG 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 MEG 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 MEG Stock
MEG Energy CorpFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate MEG Energy 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 MEG financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across MEG Energy history.