Calfrac Well Profitability Analysis
| CFW Stock | CAD 4.02 0.01 0.25% |
Net Income | First Reported 1997-03-31 | Previous Quarter 23.1 M | Current Value -5.4 M | Quarterly Volatility 42.6 M |
For Calfrac Well profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Calfrac Well to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Calfrac Well Services utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Calfrac Well's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Calfrac Well Services over time as well as its relative position and ranking within its peers.
Calfrac |
Calfrac Well Services Return On Asset vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Calfrac Well's current stock value. Our valuation model uses many indicators to compare Calfrac Well value to that of its competitors to determine the firm's financial worth. Calfrac Well Services is rated fifth in return on equity category among its peers. It also is rated fifth in return on asset category among its peers reporting about 0.94 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Calfrac Well Services is roughly 1.07 . At this time, Calfrac Well's Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Calfrac Well by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Calfrac Well'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.Calfrac Return On Asset vs. Return On Equity
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Calfrac Well |
| = | 0.0454 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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.
Calfrac Well |
| = | 0.0426 |
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.
Calfrac Return On Asset Comparison
Calfrac Well is currently under evaluation in return on asset category among its peers.
Calfrac Well Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Calfrac Well, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Calfrac Well will eventually generate negative long term returns. The profitability progress is the general direction of Calfrac Well's change in net profit over the period of time. It can combine multiple indicators of Calfrac Well, 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 | 16.2 M | 17 M | |
| Operating Income | 203.7 M | 213.9 M | |
| Income Before Tax | 201.6 M | 211.7 M | |
| Total Other Income Expense Net | -2.1 M | -2.2 M | |
| Net Income | 197.6 M | 207.4 M | |
| Income Tax Expense | 4.1 M | 2.2 M | |
| Net Income From Continuing Ops | 199.1 M | 209.1 M | |
| Net Income Applicable To Common Shares | 10.5 M | 11 M | |
| Net Interest Income | -38 M | -39.9 M | |
| Change To Netincome | 56 M | 58.8 M | |
| Net Income Per Share | 2.35 | 3.12 | |
| Income Quality | 1.48 | 1.55 | |
| Net Income Per E B T | 0.95 | 0.95 |
Calfrac Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Calfrac Well. 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 Calfrac Well 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 Calfrac Well's important profitability drivers and their relationship over time.
Use Calfrac Well 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 Calfrac Well 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 Calfrac Well will appreciate offsetting losses from the drop in the long position's value.Calfrac Well Pair Trading
Calfrac Well Services Pair Trading Analysis
The ability to find closely correlated positions to Calfrac Well could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Calfrac Well 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 Calfrac Well - 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 Calfrac Well Services to buy it.
The correlation of Calfrac Well 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 Calfrac Well moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Calfrac Well Services 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 Calfrac Well 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 Calfrac Well position
In addition to having Calfrac Well 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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Other Information on Investing in Calfrac Stock
To fully project Calfrac Well's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Calfrac Well Services 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 Calfrac Well's income statement, its balance sheet, and the statement of cash flows.