Canadian Natural Price To Earning vs. Price To Sales
| CNQ Stock | CAD 47.02 0.32 0.69% |
For Canadian Natural profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Canadian Natural to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Canadian Natural Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Canadian Natural's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Canadian Natural Resources over time as well as its relative position and ranking within its peers.
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Canadian Natural Res Price To Sales vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Canadian Natural's current stock value. Our valuation model uses many indicators to compare Canadian Natural value to that of its competitors to determine the firm's financial worth. Canadian Natural Resources is number one stock in price to earning category among its peers. It is rated third in price to sales category among its peers . The ratio of Price To Earning to Price To Sales for Canadian Natural Resources is about 305.76 . At this time, Canadian Natural's Price To Sales Ratio is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Canadian Natural by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Canadian Natural'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.Canadian Price To Sales vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Canadian Natural |
| = | 844.23 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Canadian Natural |
| = | 2.76 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Canadian Price To Sales Comparison
Canadian Natural is currently under evaluation in price to sales category among its peers.
Canadian Natural Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Canadian Natural, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Canadian Natural will eventually generate negative long term returns. The profitability progress is the general direction of Canadian Natural's change in net profit over the period of time. It can combine multiple indicators of Canadian Natural, 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 | 172 M | 180.6 M | |
| Operating Income | 17.2 B | 18.1 B | |
| Income Before Tax | 10.2 B | 10.7 B | |
| Total Other Income Expense Net | -7.1 B | -6.7 B | |
| Net Income | 8.2 B | 8.6 B | |
| Income Tax Expense | 1.9 B | 2 B | |
| Net Income From Continuing Ops | 8.2 B | 4.2 B | |
| Net Income Applicable To Common Shares | 12.6 B | 13.2 B | |
| Interest Income | 55 M | 52.2 M | |
| Net Interest Income | -636 M | -667.8 M | |
| Change To Netincome | -53.1 M | -55.8 M | |
| Net Income Per Share | 3.77 | 3.96 | |
| Income Quality | 1.50 | 1.63 | |
| Net Income Per E B T | 0.81 | 0.54 |
Canadian Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Canadian Natural. 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 Canadian Natural 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 Canadian Natural's important profitability drivers and their relationship over time.
Use Canadian Natural 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 Canadian Natural 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 Canadian Natural will appreciate offsetting losses from the drop in the long position's value.Canadian Natural Pair Trading
Canadian Natural Resources Pair Trading Analysis
The ability to find closely correlated positions to Canadian Natural could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Natural 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 Canadian Natural - 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 Canadian Natural Resources to buy it.
The correlation of Canadian Natural 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 Canadian Natural moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Natural Res 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 Canadian Natural 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 Canadian Natural position
In addition to having Canadian Natural 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 Macroaxis Index Thematic Idea Now
Macroaxis Index
An experimental equal-weighted index theme of selected equities generated based on Macroaxis rating and scoring system. The Macroaxis Index theme has 52 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 Macroaxis Index Theme or any other thematic opportunities.
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To fully project Canadian Natural's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Canadian Natural Res 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 Canadian Natural's income statement, its balance sheet, and the statement of cash flows.