Evertz Technologies Profitability Analysis
| ET Stock | CAD 12.19 0.05 0.41% |
Net Income | First Reported 2005-07-31 | Previous Quarter 13.8 M | Current Value 9.7 M | Quarterly Volatility 5.2 M |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
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| Gross Profit Margin | 0.64 | 0.5712 |
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| Net Profit Margin | 0.21 | 0.1364 |
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| Operating Profit Margin | 0.29 | 0.1662 |
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| Pretax Profit Margin | 0.3 | 0.1892 |
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| Return On Assets | 0.22 | 0.1448 |
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| Return On Equity | 0.25 | 0.2665 |
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For Evertz Technologies profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Evertz Technologies to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Evertz Technologies Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Evertz Technologies's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Evertz Technologies Limited over time as well as its relative position and ranking within its peers.
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Evertz Technologies Return On Asset vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Evertz Technologies's current stock value. Our valuation model uses many indicators to compare Evertz Technologies value to that of its competitors to determine the firm's financial worth. Evertz Technologies Limited is rated # 4 in return on equity category among its peers. It also is rated # 4 in return on asset category among its peers reporting about 0.47 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Evertz Technologies Limited is roughly 2.14 . At this time, Evertz Technologies' Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Evertz Technologies by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Evertz Technologies' 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.Evertz Return On Asset vs. Return On Equity
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Evertz Technologies |
| = | 0.25 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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.
Evertz Technologies |
| = | 0.12 |
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.
Evertz Return On Asset Comparison
Evertz Technologies is currently under evaluation in return on asset category among its peers.
Evertz Technologies Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Evertz Technologies, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Evertz Technologies will eventually generate negative long term returns. The profitability progress is the general direction of Evertz Technologies' change in net profit over the period of time. It can combine multiple indicators of Evertz Technologies, 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 | 20.4 M | 21.5 M | |
| Operating Income | 85.5 M | 93.9 M | |
| Income Before Tax | 85.4 M | 95.6 M | |
| Total Other Income Expense Net | -180 K | -171 K | |
| Net Income | 70.2 M | 70.1 M | |
| Income Tax Expense | 11.6 M | 18.4 M | |
| Net Income From Continuing Ops | 71 M | 52.5 M | |
| Net Income Applicable To Common Shares | 57.6 M | 51.6 M | |
| Interest Income | 1.7 M | 1.8 M | |
| Net Interest Income | 308 K | 323.4 K | |
| Change To Netincome | 11.2 M | 11.7 M | |
| Net Income Per Share | 0.92 | 0.69 | |
| Income Quality | 2.06 | 1.72 | |
| Net Income Per E B T | 0.72 | 0.58 |
Evertz Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Evertz Technologies. 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 Evertz Technologies 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 Evertz Technologies' important profitability drivers and their relationship over time.
Use Evertz Technologies 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 Evertz Technologies 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 Evertz Technologies will appreciate offsetting losses from the drop in the long position's value.Evertz Technologies Pair Trading
Evertz Technologies Limited Pair Trading Analysis
The ability to find closely correlated positions to Evertz Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evertz Technologies 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 Evertz Technologies - 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 Evertz Technologies Limited to buy it.
The correlation of Evertz Technologies 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 Evertz Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evertz Technologies 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 Evertz Technologies 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 Evertz Technologies position
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Other Information on Investing in Evertz Stock
To fully project Evertz Technologies' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Evertz Technologies 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 Evertz Technologies' income statement, its balance sheet, and the statement of cash flows.