Canlan Ice Current Valuation vs. Return On Equity
| ICE Stock | CAD 4.10 0.02 0.49% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.13 | 0.1377 |
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For Canlan Ice profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Canlan Ice to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Canlan Ice Sports utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Canlan Ice's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Canlan Ice Sports over time as well as its relative position and ranking within its peers.
Canlan |
Canlan Ice Sports Return On Equity vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Canlan Ice's current stock value. Our valuation model uses many indicators to compare Canlan Ice value to that of its competitors to determine the firm's financial worth. Canlan Ice Sports is rated second overall in current valuation category among its peers. It also is rated second overall in return on equity category among its peers . At this time, Canlan Ice's 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 Canlan Ice by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Canlan Ice'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.Canlan Current Valuation vs. Competition
Canlan Ice Sports is rated second overall in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Consumer Discretionary industry is currently estimated at about 9.73 Trillion. Canlan Ice adds roughly 85.77 Million in current valuation claiming only tiny portion of stocks in Consumer Discretionary industry.
Canlan Return On Equity vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Canlan Ice |
| = | 85.77 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
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.
Canlan Ice |
| = | -0.0154 |
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.
Canlan Return On Equity Comparison
Canlan Ice is currently under evaluation in return on equity category among its peers.
Canlan Ice Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Canlan Ice, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Canlan Ice will eventually generate negative long term returns. The profitability progress is the general direction of Canlan Ice's change in net profit over the period of time. It can combine multiple indicators of Canlan Ice, 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 | 2.8 M | 3 M | |
| Operating Income | 1.9 M | 3.6 M | |
| Income Before Tax | -726 K | -689.7 K | |
| Total Other Income Expense Net | -2.6 M | -2.8 M | |
| Net Income | 435 K | 456.8 K | |
| Income Tax Expense | -1.2 M | -1.1 M | |
| Net Income From Continuing Ops | 435 K | 732.8 K | |
| Net Income Applicable To Common Shares | 5.4 M | 5.7 M | |
| Interest Income | 593 K | 563.4 K | |
| Net Interest Income | -2.2 M | -2.3 M | |
| Change To Netincome | -5.1 M | -4.8 M | |
| Net Income Per Share | 0.03 | 0.03 | |
| Income Quality | 21.40 | 22.47 | |
| Net Loss | (0.60) | (0.57) |
Canlan Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Canlan Ice. 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 Canlan Ice 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 Canlan Ice's important profitability drivers and their relationship over time.
Use Canlan Ice 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 Canlan Ice 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 Canlan Ice will appreciate offsetting losses from the drop in the long position's value.Canlan Ice Pair Trading
Canlan Ice Sports Pair Trading Analysis
The ability to find closely correlated positions to Canlan Ice could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canlan Ice 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 Canlan Ice - 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 Canlan Ice Sports to buy it.
The correlation of Canlan Ice 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 Canlan Ice moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canlan Ice Sports 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 Canlan Ice 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 Canlan Ice position
In addition to having Canlan Ice 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?
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Other Information on Investing in Canlan Stock
To fully project Canlan Ice's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Canlan Ice Sports 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 Canlan Ice's income statement, its balance sheet, and the statement of cash flows.