Casella Waste Return On Equity vs. Cash Per Share
| WA3 Stock | EUR 108.30 1.50 1.40% |
For Casella Waste profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Casella Waste to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Casella Waste Systems utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Casella Waste's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Casella Waste Systems over time as well as its relative position and ranking within its peers.
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Casella Waste Systems Cash Per Share vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Casella Waste's current stock value. Our valuation model uses many indicators to compare Casella Waste value to that of its competitors to determine the firm's financial worth. Casella Waste Systems is rated fourth in return on equity category among its peers. It is rated below average in cash per share category among its peers fabricating about 0.61 of Cash Per Share per Return On Equity. The ratio of Return On Equity to Cash Per Share for Casella Waste Systems is roughly 1.65 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Casella Waste's earnings, one of the primary drivers of an investment's value.Casella Cash Per Share 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.
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| = | 0.12 |
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.
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
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| = | 0.07 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Casella Cash Per Share Comparison
Casella Waste is currently under evaluation in cash per share category among its peers.
Casella Waste Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Casella Waste, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Casella Waste will eventually generate negative long term returns. The profitability progress is the general direction of Casella Waste's change in net profit over the period of time. It can combine multiple indicators of Casella Waste, 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.
Casella Waste Systems, Inc., together with its subsidiaries, operates as a vertically integrated solid waste services company in the northeastern United States. Casella Waste Systems, Inc. was founded in 1975 and is headquartered in Rutland, Vermont. CASELLA WASTE operates under Waste Management classification in Germany and is traded on Frankfurt Stock Exchange. It employs 2300 people.
Casella Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Casella Waste. 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 Casella Waste 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 Casella Waste's important profitability drivers and their relationship over time.
Use Casella Waste 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 Casella Waste 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 Casella Waste will appreciate offsetting losses from the drop in the long position's value.Casella Waste Pair Trading
Casella Waste Systems Pair Trading Analysis
The ability to find closely correlated positions to Casella Waste could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Casella Waste 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 Casella Waste - 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 Casella Waste Systems to buy it.
The correlation of Casella Waste 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 Casella Waste moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Casella Waste Systems 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 Casella Waste 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 Casella Waste position
In addition to having Casella Waste 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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Additional Information and Resources on Investing in Casella Stock
When determining whether Casella Waste Systems is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Casella Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Casella Waste Systems Stock. Highlighted below are key reports to facilitate an investment decision about Casella Waste Systems Stock:Check out Your Current Watchlist. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
To fully project Casella Waste's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Casella Waste Systems 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 Casella Waste's income statement, its balance sheet, and the statement of cash flows.