Corby Spirit And Stock Return On Equity
| CSW-A Stock | CAD 12.47 0.09 0.72% |
Corby Spirit and fundamentals help investors to digest information that contributes to Corby Spirit's financial success or failures. It also enables traders to predict the movement of Corby Stock. The fundamental analysis module provides a way to measure Corby Spirit'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 Corby Spirit stock.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 0.13 | 0.28 |
Corby | Return On Equity |
Corby Spirit and Company Return On Equity Analysis
Corby Spirit'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 Corby Spirit Return On Equity | 0.13 |
Most of Corby Spirit'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, Corby Spirit and is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Corby Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Corby Spirit is extremely important. It helps to project a fair market value of Corby Stock properly, considering its historical fundamentals such as Return On Equity. Since Corby Spirit'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 Corby Spirit'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 Corby Spirit'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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Corby Total Stockholder Equity
Total Stockholder Equity |
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Based on the latest financial disclosure, Corby Spirit and has a Return On Equity of 0.1322. This is 94.99% lower than that of the Beverages sector and significantly higher than that of the Consumer Staples industry. The return on equity for all Canada stocks is 142.65% lower than that of the firm.
Corby Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Corby Spirit'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 Corby Spirit could also be used in its relative valuation, which is a method of valuing Corby Spirit by comparing valuation metrics of similar companies.Corby Spirit is currently under evaluation in return on equity category among its peers.
Corby Spirit Current Valuation Drivers
We derive many important indicators used in calculating different scores of Corby Spirit from analyzing Corby Spirit's financial statements. These drivers represent accounts that assess Corby Spirit's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Corby Spirit's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 588.7M | 518.1M | 513.0M | 404.3M | 365.8M | 514.6M | |
| Enterprise Value | 518.8M | 457.0M | 423.0M | 350.9M | 502.0M | 607.1M |
Corby Fundamentals
| Return On Equity | 0.13 | ||||
| Return On Asset | 0.0649 | ||||
| Profit Margin | 0.10 % | ||||
| Operating Margin | 0.12 % | ||||
| Current Valuation | 485.35 M | ||||
| Shares Outstanding | 24.27 M | ||||
| Shares Owned By Insiders | 52.00 % | ||||
| Shares Owned By Institutions | 8.75 % | ||||
| Number Of Shares Shorted | 8.13 K | ||||
| Price To Earning | 16.24 X | ||||
| Price To Book | 1.97 X | ||||
| Price To Sales | 1.55 X | ||||
| Revenue | 229.66 M | ||||
| Gross Profit | 94.11 M | ||||
| EBITDA | 57.11 M | ||||
| Net Income | 23.91 M | ||||
| Cash And Equivalents | 81.68 M | ||||
| Cash Per Share | 2.87 X | ||||
| Total Debt | 140.84 M | ||||
| Debt To Equity | 0.03 % | ||||
| Current Ratio | 4.21 X | ||||
| Book Value Per Share | 6.38 X | ||||
| Cash Flow From Operations | 31.52 M | ||||
| Short Ratio | 0.44 X | ||||
| Earnings Per Share | 0.91 X | ||||
| Target Price | 26.5 | ||||
| Beta | 0.26 | ||||
| Market Capitalization | 356.54 M | ||||
| Total Asset | 420.48 M | ||||
| Retained Earnings | 158.85 M | ||||
| Working Capital | 102.63 M | ||||
| Current Asset | 194.94 M | ||||
| Current Liabilities | 27.56 M | ||||
| Annual Yield | 0.07 % | ||||
| Five Year Return | 4.40 % | ||||
| Net Asset | 420.48 M |
About Corby Spirit Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Corby Spirit and's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Corby Spirit using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Corby Spirit and 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 Corby Spirit
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 Corby Spirit 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 Corby Spirit will appreciate offsetting losses from the drop in the long position's value.Moving against Corby Stock
| 0.75 | RY-PS | Royal Bank | PairCorr |
| 0.71 | NA | National Bank | PairCorr |
| 0.68 | FFH-PC | Fairfax Fin Hld | PairCorr |
| 0.65 | BMO-PE | Bank of Montreal | PairCorr |
| 0.61 | RY | Royal Bank | PairCorr |
The ability to find closely correlated positions to Corby Spirit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Corby Spirit 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 Corby Spirit - 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 Corby Spirit and to buy it.
The correlation of Corby Spirit 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 Corby Spirit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Corby Spirit 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 Corby Spirit 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.Additional Tools for Corby Stock Analysis
When running Corby Spirit's price analysis, check to measure Corby Spirit's 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 Corby Spirit is operating at the current time. Most of Corby Spirit's value examination focuses on studying past and present price action to predict the probability of Corby Spirit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corby Spirit's price. Additionally, you may evaluate how the addition of Corby Spirit to your portfolios can decrease your overall portfolio volatility.