| SRV-UN Stock | | | CAD 12.54 0.09 0.72% |
Based on the key profitability measurements obtained from SIR Royalty's financial statements, SIR Royalty's profitability may be sliding down. It has an above-average chance of reporting lower numbers next quarter. Profitability indicators assess SIR Royalty's ability to earn profits and add value for shareholders. At present, SIR Royalty's
Price To Sales Ratio is projected to drop slightly based on the last few years of reporting. The current year's
EV To Sales is expected to grow to 8.95, whereas
Days Sales Outstanding is forecasted to decline to 45.98. At present, SIR Royalty's
Income Before Tax is projected to increase significantly based on the last few years of reporting. The current year's
Total Other Income Expense Net is expected to grow to about 23.9
M, whereas
Accumulated Other Comprehensive Income is forecasted to decline to 0.00.
For SIR Royalty profitability analysis, we use financial ratios and fundamental drivers that measure the ability of SIR Royalty to generate income relative to revenue, assets, operating costs, and current equity. These
fundamental indicators attest to how well SIR Royalty Income utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between SIR Royalty's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of SIR Royalty Income over time as well as its relative position and ranking within its peers.
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Please note, there is a significant difference between SIR Royalty's value and its price as these two are different measures arrived at by different means. Investors typically determine if SIR Royalty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SIR Royalty'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.
SIR Royalty Income Profit Margin vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining SIR Royalty's current stock value. Our valuation model uses many indicators to compare SIR Royalty value to that of its competitors to determine the firm's financial worth.
SIR Royalty Income is currently regarded as top stock in shares outstanding category among its peers. It also is currently regarded as top stock in profit margin category among its peers . The ratio of Shares Outstanding to Profit Margin for SIR Royalty Income is about
4,488,516 . At present, SIR Royalty's
Net Profit Margin is projected to increase slightly based on the last few years of reporting. Comparative valuation analysis is a catch-all model that can be used if you cannot value SIR Royalty by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for SIR Royalty'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.
SIR Profit Margin vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
SIR Royalty | Shares Outstanding | = | Public Shares | - | Repurchased |
| = | 8.38 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Profit Margin measures overall efficiency of a company and shows its ability to withstand competition as well as defend against adverse conditions such as rising costs, falling prices, decline in sales or management distress. Profit margin tells investors how well the company executes on its overall pricing strategies as well as how effective the company in controlling its costs.
SIR Royalty | Profit Margin | = | Net IncomeRevenue | X | 100 |
| = | 1.87 % |
In a nutshell, Profit Margin indicator shows the amount of money the company makes from total sales or revenue. It can provide a good insight into companies in the same sector, as well as help to identify trends of a company from year to year.
SIR Profit Margin Comparison
SIR Royalty is currently under evaluation in profit margin category among its peers.
SIR Royalty Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in SIR Royalty, profitability is also one of the essential criteria for including it into their portfolios because, without profit, SIR Royalty will eventually generate negative long term returns. The profitability progress is the general direction of SIR Royalty's change in net profit over the period of time. It can combine
multiple indicators of SIR Royalty, 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.
SIR Profitability Driver Comparison
Profitability drivers are factors that can directly affect your
investment outlook on SIR Royalty. 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 SIR Royalty 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 SIR Royalty's important profitability drivers and their relationship over time.
Use SIR Royalty 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 SIR Royalty 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 SIR Royalty will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to SIR Royalty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SIR Royalty 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 SIR Royalty - 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 SIR Royalty Income to buy it.
The correlation of SIR Royalty 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 SIR Royalty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SIR Royalty Income 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 SIR Royalty 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 SIR Royalty position
In addition to having SIR Royalty 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.
Shipbuilding Railroad Equipment
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Shipbuilding Railroad Equipment theme has 16 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
Shipbuilding Railroad Equipment Theme or any other
thematic opportunities.
Other Information on Investing in SIR Stock
To fully project SIR Royalty's
future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the
financial position of SIR Royalty Income 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 SIR Royalty's income statement, its balance sheet, and the statement of cash flows.
Potential SIR Royalty investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although SIR Royalty investors may work on each financial statement separately, they are all related. The changes in SIR Royalty's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on SIR Royalty's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
