Canacol Energy Current Valuation vs. Return On Asset
| CNE Stock | CAD 3.86 0.04 1.05% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.51 | 0.8727 |
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For Canacol Energy profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Canacol Energy to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Canacol Energy utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Canacol Energy's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Canacol Energy over time as well as its relative position and ranking within its peers.
Canacol |
Canacol Energy Return On Asset vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Canacol Energy's current stock value. Our valuation model uses many indicators to compare Canacol Energy value to that of its competitors to determine the firm's financial worth. Canacol Energy is rated fourth in current valuation category among its peers. It is rated second in return on asset category among its peers . The ratio of Current Valuation to Return On Asset for Canacol Energy is about 11,803,554,172 . As of the 1st of December 2024, Return On Assets is likely to grow to 0.07. Comparative valuation analysis is a catch-all model that can be used if you cannot value Canacol Energy by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Canacol Energy'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.Canacol Current Valuation vs. Competition
Canacol Energy is rated fourth in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Energy industry is currently estimated at about 6.92 Billion. Canacol Energy retains roughly 1.06 Billion in current valuation claiming about 15% of equities under Energy industry.
Canacol Return On Asset vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Canacol Energy |
| = | 1.06 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
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.
Canacol Energy |
| = | 0.0894 |
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.
Canacol Return On Asset Comparison
Canacol Energy is currently under evaluation in return on asset category among its peers.
Canacol Energy Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Canacol Energy, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Canacol Energy will eventually generate negative long term returns. The profitability progress is the general direction of Canacol Energy's change in net profit over the period of time. It can combine multiple indicators of Canacol Energy, 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 | 67.5 M | 70.8 M | |
| Operating Income | 238 M | 249.9 M | |
| Income Before Tax | 60.9 M | 64 M | |
| Total Other Income Expense Net | -177 M | -168.2 M | |
| Net Income | 86.2 M | 90.5 M | |
| Income Tax Expense | -25.3 M | -24 M | |
| Net Income From Continuing Ops | 86.2 M | 90.5 M | |
| Net Income Applicable To Common Shares | 169.4 M | 177.8 M | |
| Interest Income | 2.9 M | 2.8 M | |
| Net Interest Income | -53.1 M | -55.8 M | |
| Change To Netincome | -129.2 M | -122.7 M | |
| Net Income Per Share | 2.53 | 2.65 | |
| Income Quality | 1.11 | 1.16 | |
| Net Income Per E B T | 1.42 | 1.49 |
Canacol Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Canacol Energy. 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 Canacol Energy 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 Canacol Energy's important profitability drivers and their relationship over time.
Use Canacol Energy 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 Canacol 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 Canacol Energy will appreciate offsetting losses from the drop in the long position's value.Canacol Energy Pair Trading
Canacol Energy Pair Trading Analysis
The ability to find closely correlated positions to Canacol 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 Canacol 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 Canacol 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 Canacol Energy to buy it.
The correlation of Canacol 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 Canacol Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canacol 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 Canacol 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.Use Investing Themes to Complement your Canacol Energy position
In addition to having Canacol Energy 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 Canacol Stock
To fully project Canacol Energy's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Canacol Energy 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 Canacol Energy's income statement, its balance sheet, and the statement of cash flows.