Ballard Power Return On Asset vs. Price To Book
| BLDP Stock | CAD 1.83 0.04 2.23% |
For Ballard Power profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Ballard Power to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Ballard Power Systems utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Ballard Power's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Ballard Power Systems over time as well as its relative position and ranking within its peers.
Ballard |
Ballard Power Systems Price To Book vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Ballard Power's current stock value. Our valuation model uses many indicators to compare Ballard Power value to that of its competitors to determine the firm's financial worth. Ballard Power Systems is rated third in return on asset category among its peers. It also is rated third in price to book category among its peers . As of the 24th of November 2024, Price To Book Ratio is likely to drop to 1.06. Comparative valuation analysis is a catch-all model that can be used if you cannot value Ballard Power by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Ballard Power'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.Ballard Price To Book vs. Return On Asset
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Ballard Power |
| = | -0.11 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Ballard Power |
| = | 0.54 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Ballard Price To Book Comparison
Ballard Power is currently under evaluation in price to book category among its peers.
Ballard Power Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Ballard Power, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Ballard Power will eventually generate negative long term returns. The profitability progress is the general direction of Ballard Power's change in net profit over the period of time. It can combine multiple indicators of Ballard Power, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -3 M | -3.1 M | |
| Operating Income | -162.9 M | -154.8 M | |
| Income Before Tax | -144.1 M | -136.8 M | |
| Total Other Income Expense Net | 16.4 M | 17.2 M | |
| Net Loss | -177.7 M | -168.8 M | |
| Income Tax Expense | 158 K | 130.7 K | |
| Net Loss | -144.2 M | -137 M | |
| Net Loss | -156.1 M | -148.3 M | |
| Interest Income | 16.9 M | 17.8 M | |
| Net Interest Income | -1.1 M | -1.2 M | |
| Change To Netincome | 44.2 M | 46.4 M | |
| Net Loss | (0.60) | (0.62) | |
| Income Quality | 0.59 | 0.70 | |
| Net Income Per E B T | 1.23 | 0.84 |
Ballard Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Ballard Power. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Ballard Power position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Ballard Power's important profitability drivers and their relationship over time.
Use Ballard Power in pair-trading
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 Ballard Power 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 Ballard Power will appreciate offsetting losses from the drop in the long position's value.Ballard Power Pair Trading
Ballard Power Systems Pair Trading Analysis
The ability to find closely correlated positions to Ballard Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ballard Power 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 Ballard Power - 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 Ballard Power Systems to buy it.
The correlation of Ballard Power 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 Ballard Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ballard Power Systems 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 Ballard Power 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.Use Investing Themes to Complement your Ballard Power position
In addition to having Ballard Power in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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To fully project Ballard Power's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Ballard Power Systems at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Ballard Power's income statement, its balance sheet, and the statement of cash flows.