Centerra Gold Return On Asset vs. Price To Book
| CG Stock | CAD 8.45 0.06 0.72% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.45 | 0.2411 |
|
|
For Centerra Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Centerra Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Centerra Gold utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Centerra Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Centerra Gold over time as well as its relative position and ranking within its peers.
Centerra |
Centerra Gold Price To Book vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Centerra Gold's current stock value. Our valuation model uses many indicators to compare Centerra Gold value to that of its competitors to determine the firm's financial worth. Centerra Gold is rated third in return on asset category among its peers. It is rated below average in price to book category among its peers fabricating about 13.81 of Price To Book per Return On Asset. As of the 2nd of December 2024, Price To Book Ratio is likely to drop to 0.72. Comparative valuation analysis is a catch-all model that can be used if you cannot value Centerra Gold by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Centerra Gold'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.Centerra 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.
Centerra Gold |
| = | 0.0529 |
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.
Centerra Gold |
| = | 0.73 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.
Centerra Price To Book Comparison
Centerra Gold is currently under evaluation in price to book category among its peers.
Centerra Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Centerra Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Centerra Gold will eventually generate negative long term returns. The profitability progress is the general direction of Centerra Gold's change in net profit over the period of time. It can combine multiple indicators of Centerra Gold, 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 | 7.5 M | 7.8 M | |
| Operating Income | 17.8 M | 17 M | |
| Income Before Tax | 13.6 M | 13 M | |
| Total Other Income Expense Net | -4.2 M | -4.4 M | |
| Net Loss | -81.3 M | -77.2 M | |
| Income Tax Expense | 94.9 M | 99.7 M | |
| Net Loss | -81.3 M | -77.2 M | |
| Net Loss | -69.5 M | -66 M | |
| Interest Income | 19.5 M | 10 M | |
| Net Interest Income | 13.2 M | 13.8 M | |
| Change To Netincome | -21.5 M | -20.5 M | |
| Net Loss | (0.38) | (0.37) | |
| Income Quality | (3.02) | (2.87) | |
| Net Loss | (5.96) | (5.66) |
Centerra Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Centerra Gold. 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 Centerra Gold 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 Centerra Gold's important profitability drivers and their relationship over time.
Use Centerra Gold 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 Centerra Gold 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 Centerra Gold will appreciate offsetting losses from the drop in the long position's value.Centerra Gold Pair Trading
Centerra Gold Pair Trading Analysis
The ability to find closely correlated positions to Centerra Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centerra Gold 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 Centerra Gold - 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 Centerra Gold to buy it.
The correlation of Centerra Gold 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 Centerra Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centerra Gold 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 Centerra Gold 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 Centerra Gold position
In addition to having Centerra Gold 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?
Run Heavy Metals Thematic Idea Now
Heavy Metals
Companies involved in mining, production, and distribution of various industrial metals and minerals. The Heavy Metals theme has 37 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Heavy Metals Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Trending Equities. To learn how to invest in Centerra Stock, please use our How to Invest in Centerra Gold guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
To fully project Centerra Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Centerra Gold 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 Centerra Gold's income statement, its balance sheet, and the statement of cash flows.