Covalon Technologies Stock Fundamentals
| COV Stock | CAD 3.65 0.05 1.35% |
Covalon Technologies fundamentals help investors to digest information that contributes to Covalon Technologies' financial success or failures. It also enables traders to predict the movement of Covalon Stock. The fundamental analysis module provides a way to measure Covalon Technologies' 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 Covalon Technologies stock.
At this time, Covalon Technologies' Net Interest Income is fairly stable compared to the past year. Covalon | Select Account or Indicator |
Covalon Technologies Company Operating Margin Analysis
Covalon Technologies' Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
Current Covalon Technologies Operating Margin | 0.16 % |
Most of Covalon Technologies' fundamental indicators, such as Operating Margin, 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, Covalon Technologies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Covalon Operating Margin Driver Correlations
Understanding the fundamental principles of building solid financial models for Covalon Technologies is extremely important. It helps to project a fair market value of Covalon Stock properly, considering its historical fundamentals such as Operating Margin. Since Covalon Technologies' 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 Covalon Technologies' 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 Covalon Technologies' interrelated accounts and indicators.
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A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
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Covalon Pretax Profit Margin
Pretax Profit Margin |
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Based on the recorded statements, Covalon Technologies has an Operating Margin of 0.16%. This is 100.46% lower than that of the Biotechnology sector and 100.14% lower than that of the Health Care industry. The operating margin for all Canada stocks is 102.9% lower than that of the firm.
Covalon Technologies Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Covalon Technologies's current stock value. Our valuation model uses many indicators to compare Covalon Technologies value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Covalon Technologies competition to find correlations between indicators driving Covalon Technologies's intrinsic value. More Info.Covalon Technologies is rated third in return on equity category among its peers. It also is rated third in return on asset category among its peers . At this time, Covalon Technologies' Return On Equity is fairly stable compared to the past year. 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 Covalon Technologies' earnings, one of the primary drivers of an investment's value.Covalon Operating Margin Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Covalon Technologies' direct or indirect competition against its Operating Margin to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Covalon Technologies could also be used in its relative valuation, which is a method of valuing Covalon Technologies by comparing valuation metrics of similar companies.Covalon Technologies is currently under evaluation in operating margin category among its peers.
Covalon Technologies Current Valuation Drivers
We derive many important indicators used in calculating different scores of Covalon Technologies from analyzing Covalon Technologies' financial statements. These drivers represent accounts that assess Covalon Technologies' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Covalon Technologies' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 51.7M | 31.0M | 65.3M | 62.3M | 56.1M | 35.9M | |
| Enterprise Value | 60.2M | 48.4M | 45.0M | 50.4M | 45.4M | 33.7M |
Covalon Fundamentals
| Return On Equity | -0.0385 | ||||
| Return On Asset | -0.0325 | ||||
| Profit Margin | (0.03) % | ||||
| Operating Margin | 0.16 % | ||||
| Current Valuation | 91.68 M | ||||
| Shares Outstanding | 27.4 M | ||||
| Shares Owned By Insiders | 48.69 % | ||||
| Number Of Shares Shorted | 1.89 K | ||||
| Price To Earning | 69.86 X | ||||
| Price To Book | 4.61 X | ||||
| Price To Sales | 3.43 X | ||||
| Revenue | 26.6 M | ||||
| Gross Profit | 7.49 M | ||||
| EBITDA | (3.56 M) | ||||
| Net Income | (4.46 M) | ||||
| Cash And Equivalents | 2.53 M | ||||
| Cash Per Share | 0.10 X | ||||
| Total Debt | 1.56 M | ||||
| Debt To Equity | 2.49 % | ||||
| Current Ratio | 0.63 X | ||||
| Book Value Per Share | 0.88 X | ||||
| Cash Flow From Operations | (3.18 M) | ||||
| Short Ratio | 0.07 X | ||||
| Earnings Per Share | (0.04) X | ||||
| Target Price | 8.0 | ||||
| Beta | 0.62 | ||||
| Market Capitalization | 100 M | ||||
| Total Asset | 24.9 M | ||||
| Retained Earnings | (38.37 M) | ||||
| Working Capital | 16.1 M | ||||
| Net Asset | 24.9 M |
About Covalon Technologies Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Covalon Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Covalon Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Covalon Technologies 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.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | 72.6 K | 69 K | |
| Total Revenue | 30.6 M | 32.1 M | |
| Cost Of Revenue | 14.1 M | 14.8 M | |
| Stock Based Compensation To Revenue | 0.02 | 0.02 | |
| Sales General And Administrative To Revenue | 0.32 | 0.56 | |
| Research And Ddevelopement To Revenue | 0.06 | 0.06 | |
| Capex To Revenue | 0.06 | 0.05 | |
| Revenue Per Share | 0.97 | 0.56 | |
| Ebit Per Revenue | (0.15) | (0.16) |
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Additional Tools for Covalon Stock Analysis
When running Covalon Technologies' price analysis, check to measure Covalon Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Covalon Technologies is operating at the current time. Most of Covalon Technologies' value examination focuses on studying past and present price action to predict the probability of Covalon Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Covalon Technologies' price. Additionally, you may evaluate how the addition of Covalon Technologies to your portfolios can decrease your overall portfolio volatility.