Canadian Natural Net Income vs. Price To Sales
| CNQ Stock | USD 34.84 0.29 0.84% |
Net Income | First Reported 1993-03-31 | Previous Quarter 1.7 B | Current Value 2.3 B | Quarterly Volatility 823.9 M |
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.
Canadian |
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canadian Natural. If investors know Canadian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canadian Natural listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Dividend Share 2.075 | Earnings Share 2.52 | Revenue Per Share 16.712 | Quarterly Revenue Growth (0.10) | Return On Assets 0.0821 |
The market value of Canadian Natural Res is measured differently than its book value, which is the value of Canadian that is recorded on the company's balance sheet. Investors also form their own opinion of Canadian Natural's value that differs from its market value or its book value, called intrinsic value, which is Canadian Natural's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canadian Natural's market value can be influenced by many factors that don't directly affect Canadian Natural's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Canadian Natural's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian Natural is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian Natural's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Canadian Natural Res Price To Sales vs. Net Income 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 net income category among its peers. It is rated below average in price to sales category among its peers . The ratio of Net Income to Price To Sales for Canadian Natural Resources is about 3,996,795,961 . At this time, Canadian Natural's Net Income is relatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Canadian Natural by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Canadian Price To Sales vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Canadian Natural |
| = | 8.23 B |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
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 |
| = | 2.06 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 | 7.1 B | 7.5 B | |
| Net Income Applicable To Common Shares | 12.6 B | 13.2 B | |
| Interest Income | 55 M | 52.2 M | |
| Net Interest Income | -595 M | -624.8 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 Baby Boomer Prospects Thematic Idea Now
Baby Boomer Prospects
Equities with large market capitalization that account for significant contribution to overall economic growth especially within dividend-paying instruments and stocks from healthcare and financial sectors. The Baby Boomer Prospects theme has 98 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 Baby Boomer Prospects Theme or any other thematic opportunities.
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Additional Tools for Canadian Stock Analysis
When running Canadian Natural's price analysis, check to measure Canadian Natural's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canadian Natural is operating at the current time. Most of Canadian Natural's value examination focuses on studying past and present price action to predict the probability of Canadian Natural's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Natural's price. Additionally, you may evaluate how the addition of Canadian Natural to your portfolios can decrease your overall portfolio volatility.