Bragg Gaming Group Stock Return On Equity
| BRAG Stock | CAD 5.19 0.09 1.70% |
Bragg Gaming Group fundamentals help investors to digest information that contributes to Bragg Gaming's financial success or failures. It also enables traders to predict the movement of Bragg Stock. The fundamental analysis module provides a way to measure Bragg Gaming'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 Bragg Gaming stock.
| Last Reported | Projected for Next Year | ||
| Return On Equity | (0.05) | (0.06) |
Bragg | Return On Equity |
Bragg Gaming Group Company Return On Equity Analysis
Bragg Gaming's 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.
Current Bragg Gaming Return On Equity | -0.11 |
Most of Bragg Gaming's fundamental indicators, such as Return On Equity, 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, Bragg Gaming Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Bragg Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Bragg Gaming is extremely important. It helps to project a fair market value of Bragg Stock properly, considering its historical fundamentals such as Return On Equity. Since Bragg Gaming'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 Bragg Gaming'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 Bragg Gaming's interrelated accounts and indicators.
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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.
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Bragg Total Stockholder Equity
Total Stockholder Equity |
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Based on the latest financial disclosure, Bragg Gaming Group has a Return On Equity of -0.1113. This is 101.07% lower than that of the Entertainment sector and significantly lower than that of the Communication Services industry. The return on equity for all Canada stocks is 64.1% lower than that of the firm.
Bragg Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Bragg Gaming's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Bragg Gaming could also be used in its relative valuation, which is a method of valuing Bragg Gaming by comparing valuation metrics of similar companies.Bragg Gaming is currently under evaluation in return on equity category among its peers.
Bragg Gaming Current Valuation Drivers
We derive many important indicators used in calculating different scores of Bragg Gaming from analyzing Bragg Gaming's financial statements. These drivers represent accounts that assess Bragg Gaming's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Bragg Gaming's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 15.3M | 12.3M | 78.9M | 104.7M | 94.3M | 99.0M | |
| Enterprise Value | 7.3M | 12.5M | 53.6M | 99.2M | 89.3M | 93.8M |
Bragg Fundamentals
| Return On Equity | -0.11 | ||||
| Return On Asset | -0.0226 | ||||
| Profit Margin | (0.09) % | ||||
| Operating Margin | (0.05) % | ||||
| Current Valuation | 112.56 M | ||||
| Shares Outstanding | 25.01 M | ||||
| Shares Owned By Insiders | 27.21 % | ||||
| Shares Owned By Institutions | 5.17 % | ||||
| Number Of Shares Shorted | 58.02 K | ||||
| Price To Book | 1.25 X | ||||
| Price To Sales | 1.40 X | ||||
| Revenue | 93.52 M | ||||
| Gross Profit | 45.08 M | ||||
| EBITDA | 11.81 M | ||||
| Net Income | (3.84 M) | ||||
| Cash And Equivalents | 11.29 M | ||||
| Cash Per Share | 0.53 X | ||||
| Total Debt | 3.28 M | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 0.98 X | ||||
| Book Value Per Share | 3.05 X | ||||
| Cash Flow From Operations | 11.74 M | ||||
| Short Ratio | 3.28 X | ||||
| Earnings Per Share | (0.33) X | ||||
| Target Price | 9.19 | ||||
| Number Of Employees | 466 | ||||
| Beta | 0.91 | ||||
| Market Capitalization | 132.04 M | ||||
| Total Asset | 103.37 M | ||||
| Retained Earnings | (76.06 M) | ||||
| Working Capital | 1.19 M | ||||
| Net Asset | 103.37 M |
About Bragg Gaming Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Bragg Gaming Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bragg Gaming using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bragg Gaming Group 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 Bragg Gaming
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 Bragg Gaming 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 Bragg Gaming will appreciate offsetting losses from the drop in the long position's value.Moving against Bragg Stock
| 0.92 | FFH-PC | Fairfax Fin Hld | PairCorr |
| 0.85 | RY-PS | Royal Bank | PairCorr |
| 0.83 | FFH-PH | Fairfax Financial | PairCorr |
| 0.83 | NA | National Bank | PairCorr |
| 0.76 | BMO | Bank of Montreal | PairCorr |
The ability to find closely correlated positions to Bragg Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bragg Gaming 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 Bragg Gaming - 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 Bragg Gaming Group to buy it.
The correlation of Bragg Gaming 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 Bragg Gaming moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bragg Gaming Group 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 Bragg Gaming 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Bragg Gaming Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.