Element Fleet Return On Asset vs. Price To Book
| EFN Stock | CAD 29.70 0.02 0.07% |
For Element Fleet profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Element Fleet to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Element Fleet Management utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Element Fleet's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Element Fleet Management over time as well as its relative position and ranking within its peers.
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Element Fleet Management Price To Book vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Element Fleet's current stock value. Our valuation model uses many indicators to compare Element Fleet value to that of its competitors to determine the firm's financial worth. Element Fleet Management is one of the top stocks in return on asset category among its peers. It also is one of the top stocks in price to book category among its peers fabricating about 104.09 of Price To Book per Return On Asset. As of the 1st of December 2024, Price To Book Ratio is likely to drop to 1.94. Comparative valuation analysis is a catch-all model that can be used if you cannot value Element Fleet by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Element Fleet'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.Element 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.
Element Fleet |
| = | 0.0297 |
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.
Element Fleet |
| = | 3.09 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.
Element Price To Book Comparison
Element Fleet is currently under evaluation in price to book category among its peers.
Element Fleet Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Element Fleet, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Element Fleet will eventually generate negative long term returns. The profitability progress is the general direction of Element Fleet's change in net profit over the period of time. It can combine multiple indicators of Element Fleet, 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 | 477.9 M | 501.8 M | |
| Operating Income | 1.4 B | 1.5 B | |
| Income Before Tax | 605.7 M | 635.9 M | |
| Total Other Income Expense Net | -811.9 M | -771.3 M | |
| Net Income | 466.2 M | 489.5 M | |
| Income Tax Expense | 139.5 M | 146.4 M | |
| Net Income From Continuing Ops | 351.4 M | 176.5 M | |
| Net Income Applicable To Common Shares | 438.8 M | 460.7 M | |
| Net Interest Income | -3.1 M | -2.9 M | |
| Interest Income | 581.8 M | 518.5 M | |
| Change To Netincome | 3.8 M | 3.6 M | |
| Net Income Per Share | 0.90 | 0.95 | |
| Income Quality | (0.29) | (0.28) | |
| Net Income Per E B T | 0.58 | 0.64 |
Element Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Element Fleet. 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 Element Fleet 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 Element Fleet's important profitability drivers and their relationship over time.
Use Element Fleet 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 Element Fleet 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 Element Fleet will appreciate offsetting losses from the drop in the long position's value.Element Fleet Pair Trading
Element Fleet Management Pair Trading Analysis
The ability to find closely correlated positions to Element Fleet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Element Fleet 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 Element Fleet - 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 Element Fleet Management to buy it.
The correlation of Element Fleet 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 Element Fleet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Element Fleet Management 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 Element Fleet 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 Element Fleet position
In addition to having Element Fleet 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 Latest Gainers Thematic Idea Now
Latest Gainers
Dynamically computed list of top equities currently sorted across major exchanges. The Latest Gainers theme has 234 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 Latest Gainers Theme or any other thematic opportunities.
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Other Information on Investing in Element Stock
To fully project Element Fleet's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Element Fleet Management 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 Element Fleet's income statement, its balance sheet, and the statement of cash flows.