GFL Environmental Book Value Per Share vs. Current Ratio
Taking into consideration GFL Environmental's profitability measurements, GFL Environmental may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in March. Profitability indicators assess GFL Environmental's ability to earn profits and add value for shareholders.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Please note, there is a significant difference between GFL Environmental's value and its price as these two are different measures arrived at by different means. Investors typically determine if GFL Environmental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GFL Environmental'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.
For GFL Environmental profitability analysis, we use financial ratios and fundamental drivers that measure the ability of GFL Environmental to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well GFL Environmental utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between GFL Environmental's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of GFL Environmental over time as well as its relative position and ranking within its peers.
GFL |
GFL Environmental Current Ratio vs. Book Value Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining GFL Environmental's current stock value. Our valuation model uses many indicators to compare GFL Environmental value to that of its competitors to determine the firm's financial worth. GFL Environmental is one of the top stocks in book value per share category among its peers. It also is one of the top stocks in current ratio category among its peers fabricating about 0.04 of Current Ratio per Book Value Per Share. The ratio of Book Value Per Share to Current Ratio for GFL Environmental is roughly 27.90 . Comparative valuation analysis is a catch-all technique that is used if you cannot value GFL Environmental 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.GFL Current Ratio vs. Book Value Per Share
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
GFL Environmental |
| = | 17.58 X |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
GFL Environmental |
| = | 0.63 X |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
GFL Current Ratio Comparison
GFL Environmental is currently under evaluation in current ratio category among its peers.
GFL Environmental Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in GFL Environmental, profitability is also one of the essential criteria for including it into their portfolios because, without profit, GFL Environmental will eventually generate negative long term returns. The profitability progress is the general direction of GFL Environmental's change in net profit over the period of time. It can combine multiple indicators of GFL Environmental, 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.
GFL Environmental Inc. operates as a diversified environmental services company in Canada and the United States. The company was incorporated in 2007 and is headquartered in Vaughan, Canada. Gfl Environmental operates under Waste Management classification in the United States and is traded on New York Stock Exchange. It employs 19000 people.
GFL Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on GFL Environmental. 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 GFL Environmental 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 GFL Environmental's important profitability drivers and their relationship over time.
Use GFL Environmental 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 GFL Environmental 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 GFL Environmental will appreciate offsetting losses from the drop in the long position's value.GFL Environmental Pair Trading
GFL Environmental Pair Trading Analysis
The ability to find closely correlated positions to Freeport McMoran could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Freeport McMoran 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 Freeport McMoran - 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 Freeport McMoran Copper Gold to buy it.
The correlation of Freeport McMoran 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 Freeport McMoran moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Freeport McMoran Copper 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 Freeport McMoran 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 GFL Environmental position
In addition to having GFL Environmental 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 46 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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Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Other Consideration for investing in GFL Stock
If you are still planning to invest in GFL Environmental check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the GFL Environmental's history and understand the potential risks before investing.
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