Onex Corp EBITDA vs. Current Valuation
| ONEX Stock | CAD 112.09 0.17 0.15% |
EBITDA | First Reported 2010-12-31 | Previous Quarter 781 M | Current Value 1.2 B | Quarterly Volatility 1.2 B |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.84 | 0.8024 |
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For Onex Corp profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Onex Corp to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Onex Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Onex Corp's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Onex Corp over time as well as its relative position and ranking within its peers.
Onex |
Onex Corp Current Valuation vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Onex Corp's current stock value. Our valuation model uses many indicators to compare Onex Corp value to that of its competitors to determine the firm's financial worth. Onex Corp is considered to be number one stock in ebitda category among its peers. It also is rated top company in current valuation category among its peers reporting about 17.81 of Current Valuation per EBITDA. At this time, Onex Corp's EBITDA is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Onex Corp by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Onex Corp'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.Onex Current Valuation vs. EBITDA
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Onex Corp |
| = | 781 M |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
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.
Onex Corp |
| = | 13.91 B |
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.
Onex Current Valuation vs Competition
Onex Corp is rated top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Financials industry is now estimated at about 232.58 Billion. Onex Corp holds roughly 13.91 Billion in current valuation claiming about 6% of equities under Financials industry.
Onex Corp Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Onex Corp, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Onex Corp will eventually generate negative long term returns. The profitability progress is the general direction of Onex Corp's change in net profit over the period of time. It can combine multiple indicators of Onex Corp, 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 | 900 K | 945 K | |
| Operating Income | 746 M | 537.7 M | |
| Income Before Tax | 532 M | 289.4 M | |
| Total Other Income Expense Net | -208 M | -197.6 M | |
| Net Income | 529 M | 555.5 M | |
| Income Tax Expense | 3 M | 2.9 M | |
| Net Income From Continuing Ops | 529 M | 293 M | |
| Net Income Applicable To Common Shares | 270.2 M | 256.7 M | |
| Net Interest Income | -2.3 M | -2.4 M | |
| Interest Income | 1.8 M | 1.7 M | |
| Change To Netincome | -440.1 M | -462.1 M | |
| Net Income Per Share | 6.65 | 6.98 | |
| Income Quality | 0.13 | 0.12 | |
| Net Income Per E B T | 0.99 | 1.04 |
Onex Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Onex Corp. 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 Onex Corp 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 Onex Corp's important profitability drivers and their relationship over time.
Use Onex Corp 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 Onex Corp 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 Onex Corp will appreciate offsetting losses from the drop in the long position's value.Onex Corp Pair Trading
Onex Corp Pair Trading Analysis
The ability to find closely correlated positions to Onex Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Onex Corp 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 Onex Corp - 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 Onex Corp to buy it.
The correlation of Onex Corp 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 Onex Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Onex Corp 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 Onex Corp 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 Onex Corp position
In addition to having Onex Corp 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 Onex Stock
To fully project Onex Corp's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Onex Corp 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 Onex Corp's income statement, its balance sheet, and the statement of cash flows.