Tamarack Historical Financial Ratios
| TVE Stock | CAD 4.40 0.07 1.57% |
Tamarack Valley is promptly reporting on over 91 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 Book Value Per Share of 5.01, Free Cash Flow Yield of 0.0708, Invested Capital of 0.0 or Operating Cash Flow Per Share of 1.19 will help investors to properly organize and evaluate Tamarack Valley Energy financial condition quickly.
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About Tamarack Financial Ratios Analysis
Tamarack Valley EnergyFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Tamarack Valley 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 Tamarack financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Tamarack Valley history.
Tamarack Valley Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Tamarack Valley Energy stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Tamarack Valley sales, a figure that is much harder to manipulate than other Tamarack Valley Energy 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 Tamarack Valley Energy dividend as a percentage of Tamarack Valley stock price. Tamarack Valley Energy dividend yield is a measure of Tamarack Valley stock productivity, which can be interpreted as interest rate earned on an Tamarack Valley 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.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.Most ratios from Tamarack Valley's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Tamarack Valley Energy 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Tamarack Valley Energy. 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, Tamarack Valley's ROIC is very stable compared to the past year. As of the 26th of November 2024, Inventory Turnover is likely to grow to 10.54, while Price To Sales Ratio is likely to drop 1.15.
| 2023 | 2024 (projected) | Dividend Yield | 0.0489 | 0.0303 | Price To Sales Ratio | 1.21 | 1.15 |
Tamarack Valley fundamentals Correlations
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Tamarack Valley Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tamarack Valley fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 1.18 | 1.27 | 1.94 | 1.41 | 1.21 | 1.15 | |
| Ptb Ratio | 0.58 | 0.56 | 1.08 | 0.95 | 0.79 | 0.9 | |
| Days Sales Outstanding | 40.25 | 50.59 | 41.6 | 40.48 | 35.05 | 33.3 | |
| Book Value Per Share | 3.44 | 2.29 | 3.56 | 4.7 | 3.91 | 5.01 | |
| Free Cash Flow Yield | 0.0362 | 0.0769 | (0.26) | (0.3) | 0.0674 | 0.0708 | |
| Operating Cash Flow Per Share | 0.91 | 0.56 | 0.84 | 1.75 | 1.13 | 1.19 | |
| Stock Based Compensation To Revenue | 0.0253 | 0.0248 | 0.008516 | 0.002653 | 0.003885 | 0.003691 | |
| Capex To Depreciation | 0.73 | 0.2 | (3.35) | 3.74 | 0.81 | 0.77 | |
| Pb Ratio | 0.58 | 0.56 | 1.08 | 0.95 | 0.79 | 0.9 | |
| Ev To Sales | 1.75 | 1.74 | 2.31 | 2.65 | 2.29 | 1.83 | |
| Free Cash Flow Per Share | 0.0725 | 0.0976 | (0.99) | (1.32) | 0.21 | 0.22 | |
| Roic | 0.0456 | (0.0296) | 0.0971 | 0.12 | 0.0783 | 0.0822 | |
| Inventory Turnover | 24.34 | 22.82 | 41.06 | 11.16 | 10.04 | 10.54 | |
| Net Income Per Share | 0.17 | (0.17) | (1.4) | 1.1 | 0.75 | 0.18 | |
| Days Of Inventory On Hand | 14.99 | 15.99 | 8.89 | 32.72 | 29.45 | 30.92 | |
| Payables Turnover | 7.84 | 5.96 | 5.99 | 3.85 | 4.9 | 5.15 | |
| Sales General And Administrative To Revenue | 0.0579 | 0.0747 | 0.0634 | 0.0596 | 0.0223 | 0.0212 | |
| Capex To Revenue | 0.49 | 0.47 | 0.92 | 0.97 | 0.37 | 0.35 | |
| Cash Per Share | (0.054) | (0.0456) | (0.0298) | (0.16) | (0.19) | (0.18) | |
| Pocfratio | 2.19 | 2.26 | 4.57 | 2.55 | 2.7 | 2.84 | |
| Interest Coverage | 6.39 | (2.71) | 10.46 | 10.78 | 3.42 | 3.59 | |
| Capex To Operating Cash Flow | 0.92 | 0.83 | 2.17 | 1.75 | 0.82 | 0.46 | |
| Pfcf Ratio | 27.6 | 13.01 | (3.9) | (3.39) | 14.83 | 15.58 | |
| Days Payables Outstanding | 46.58 | 61.28 | 60.93 | 94.89 | 74.44 | 70.71 | |
| Income Quality | (5.26) | (0.4) | 0.76 | 2.33 | 6.71 | 5.26 | |
| Roe | (0.0504) | (0.61) | 0.31 | 0.16 | 0.0433 | 0.0455 | |
| Ev To Operating Cash Flow | 3.25 | 4.1 | 6.24 | 4.16 | 4.07 | 4.27 | |
| Pe Ratio | (11.55) | (0.91) | 3.49 | 5.95 | 18.14 | 19.05 | |
| Return On Tangible Assets | (0.0292) | (0.3) | 0.17 | 0.0733 | 0.0224 | 0.0235 | |
| Ev To Free Cash Flow | 40.9 | 23.64 | (5.32) | (5.52) | 22.31 | 23.42 | |
| Earnings Yield | (0.0866) | (1.1) | 0.29 | 0.17 | 0.0551 | 0.0579 | |
| Net Debt To E B I T D A | 1.7 | (0.87) | 0.66 | 1.48 | 0.97 | 0.7 | |
| Current Ratio | 0.99 | 0.93 | 0.56 | 0.29 | 0.52 | 1.03 | |
| Tangible Book Value Per Share | 3.83 | 2.29 | 3.56 | 4.89 | 3.91 | 5.06 | |
| Receivables Turnover | 9.07 | 7.21 | 8.77 | 9.02 | 10.41 | 5.23 | |
| Graham Number | 3.66 | 8.48 | 9.41 | 8.9 | 3.86 | 4.09 | |
| Shareholders Equity Per Share | 3.44 | 2.29 | 3.56 | 4.7 | 3.91 | 5.01 | |
| Debt To Equity | 0.2 | 0.25 | 0.42 | 0.38 | 0.55 | 0.39 |
Pair Trading with Tamarack Valley
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 Tamarack Valley 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 Tamarack Valley will appreciate offsetting losses from the drop in the long position's value.Moving together with Tamarack Stock
The ability to find closely correlated positions to Tamarack Valley could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tamarack Valley 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 Tamarack Valley - 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 Tamarack Valley Energy to buy it.
The correlation of Tamarack Valley 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 Tamarack Valley moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tamarack Valley Energy 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 Tamarack Valley 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 Tamarack Stock
Tamarack Valley EnergyFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Tamarack Valley 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 Tamarack financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Tamarack Valley history.