Algonquin Power Utilities Stock Return On Asset
| AQN Stock | USD 4.95 0.07 1.43% |
Algonquin Power Utilities fundamentals help investors to digest information that contributes to Algonquin Power's financial success or failures. It also enables traders to predict the movement of Algonquin Stock. The fundamental analysis module provides a way to measure Algonquin Power's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Algonquin Power stock.
As of the 30th of November 2024, Return On Assets is likely to drop to 0. Algonquin | Return On Asset |
Algonquin Power Utilities Company Return On Asset Analysis
Algonquin Power's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Algonquin Power Return On Asset | 0.016 |
Most of Algonquin Power's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Algonquin Power Utilities is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Algonquin Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Algonquin Power is extremely important. It helps to project a fair market value of Algonquin Stock properly, considering its historical fundamentals such as Return On Asset. Since Algonquin Power's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Algonquin Power's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Algonquin Power's interrelated accounts and indicators.
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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Algonquin Total Assets
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Based on the latest financial disclosure, Algonquin Power Utilities has a Return On Asset of 0.016. This is 99.34% lower than that of the Multi-Utilities sector and significantly higher than that of the Utilities industry. The return on asset for all United States stocks is 111.43% lower than that of the firm.
Algonquin Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Algonquin Power's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Algonquin Power could also be used in its relative valuation, which is a method of valuing Algonquin Power by comparing valuation metrics of similar companies.Algonquin Power is currently under evaluation in return on asset category among its peers.
Algonquin Power Current Valuation Drivers
We derive many important indicators used in calculating different scores of Algonquin Power from analyzing Algonquin Power's financial statements. These drivers represent accounts that assess Algonquin Power's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Algonquin Power's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 7.1B | 9.2B | 9.0B | 4.1B | 6.1B | 6.4B | |
| Enterprise Value | 10.9B | 13.6B | 15.1B | 11.5B | 14.6B | 15.3B |
Algonquin Power ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Algonquin Power's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Algonquin Power's managers, analysts, and investors.Environmental | Governance | Social |
Algonquin Fundamentals
| Return On Equity | 0.041 | ||||
| Return On Asset | 0.016 | ||||
| Profit Margin | (0.39) % | ||||
| Operating Margin | 0.20 % | ||||
| Current Valuation | 11.33 B | ||||
| Shares Outstanding | 767.23 M | ||||
| Shares Owned By Insiders | 0.06 % | ||||
| Shares Owned By Institutions | 62.62 % | ||||
| Number Of Shares Shorted | 15.42 M | ||||
| Price To Earning | 5.61 X | ||||
| Price To Book | 0.80 X | ||||
| Price To Sales | 1.43 X | ||||
| Revenue | 2.7 B | ||||
| Gross Profit | 1.05 B | ||||
| EBITDA | 713.9 M | ||||
| Net Income | (33.3 M) | ||||
| Cash And Equivalents | 85 M | ||||
| Cash Per Share | 0.12 X | ||||
| Total Debt | 8.52 B | ||||
| Debt To Equity | 1.03 % | ||||
| Current Ratio | 0.77 X | ||||
| Book Value Per Share | 6.07 X | ||||
| Cash Flow From Operations | 628.03 M | ||||
| Short Ratio | 2.84 X | ||||
| Earnings Per Share | 0.54 X | ||||
| Target Price | 5.44 | ||||
| Number Of Employees | 3.95 K | ||||
| Beta | 0.52 | ||||
| Market Capitalization | 3.74 B | ||||
| Total Asset | 18.37 B | ||||
| Retained Earnings | (1.28 B) | ||||
| Working Capital | (618.84 M) | ||||
| Current Asset | 305.04 M | ||||
| Current Liabilities | 282.11 M | ||||
| Annual Yield | 0.05 % | ||||
| Five Year Return | 4.38 % | ||||
| Net Asset | 18.37 B | ||||
| Last Dividend Paid | 0.39 |
About Algonquin Power Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Algonquin Power Utilities's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Algonquin Power using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Algonquin Power Utilities based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Algonquin Power
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 Algonquin Power 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 Algonquin Power will appreciate offsetting losses from the drop in the long position's value.Moving together with Algonquin Stock
Moving against Algonquin Stock
| 0.81 | GEV | GE Vernova LLC | PairCorr |
| 0.8 | NRGV | Energy Vault Holdings Buyout Trend | PairCorr |
| 0.77 | WAVE | Eco Wave Power | PairCorr |
| 0.74 | ELLO | Ellomay Capital | PairCorr |
| 0.72 | ORA | Ormat Technologies | PairCorr |
The ability to find closely correlated positions to Algonquin Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Algonquin Power 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 Algonquin Power - 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 Algonquin Power Utilities to buy it.
The correlation of Algonquin Power 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 Algonquin Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Algonquin Power Utilities 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 Algonquin Power 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.Check out Algonquin Power Piotroski F Score and Algonquin Power Altman Z Score analysis. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Is Multi-Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Algonquin Power. If investors know Algonquin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Algonquin Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.998 | Dividend Share 0.391 | Earnings Share 0.54 | Revenue Per Share 3.671 | Quarterly Revenue Growth 0.015 |
The market value of Algonquin Power Utilities is measured differently than its book value, which is the value of Algonquin that is recorded on the company's balance sheet. Investors also form their own opinion of Algonquin Power's value that differs from its market value or its book value, called intrinsic value, which is Algonquin Power's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Algonquin Power's market value can be influenced by many factors that don't directly affect Algonquin Power's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Algonquin Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Algonquin Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Algonquin Power'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.