Canadian Utilities Ltd Preferred Stock Current Valuation
| CU-PG Preferred Stock | CAD 19.40 0.19 0.99% |
Valuation analysis of Canadian Utilities helps investors to measure Canadian Utilities' intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
Fairly Valued
Today
Please note that Canadian Utilities' price fluctuation is very steady at this time. Calculation of the real value of Canadian Utilities is based on 3 months time horizon. Increasing Canadian Utilities' time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Canadian Utilities' intrinsic value may or may not be the same as its current market price of 19.40, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 19.4 | Real 19.19 | Hype 19.4 |
The intrinsic value of Canadian Utilities' stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Canadian Utilities' stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Canadian Utilities Ltd helps investors to forecast how Canadian preferred stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Canadian Utilities more accurately as focusing exclusively on Canadian Utilities' fundamentals will not take into account other important factors: Canadian Utilities Ltd Company Current Valuation Analysis
Canadian Utilities' Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Canadian Utilities Ltd has a Current Valuation of 0.0. This is 100.0% lower than that of the Utilities sector and about the same as Multiline Utilities (which currently averages 0.0) industry. The current valuation for all Canada preferred stocks is 100.0% higher than that of the company.
Canadian Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Canadian Utilities' direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the preferred stocks which would be a good addition to a portfolio. Peer analysis of Canadian Utilities could also be used in its relative valuation, which is a method of valuing Canadian Utilities by comparing valuation metrics of similar companies.Canadian Utilities is currently under evaluation in current valuation category among its peers.
Canadian Fundamentals
| Revenue | 3.52 B | ||||
| EBITDA | 1.59 B | ||||
| Net Income | 393 M | ||||
| Total Debt | 8.98 B | ||||
| Cash Flow From Operations | 1.72 B | ||||
| Total Asset | 21.07 B | ||||
| Annual Yield | 0.05 % | ||||
| Net Asset | 21.07 B |
About Canadian Utilities Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Canadian Utilities Ltd's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canadian Utilities using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canadian Utilities Ltd 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 Canadian Utilities
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 Canadian Utilities 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 Canadian Utilities will appreciate offsetting losses from the drop in the long position's value.Moving together with Canadian Preferred Stock
Moving against Canadian Preferred Stock
| 0.71 | DAY | Dayforce | PairCorr |
| 0.68 | NVDA | NVIDIA CDR | PairCorr |
| 0.67 | CSTR | CryptoStar Corp | PairCorr |
| 0.6 | RY-PS | Royal Bank | PairCorr |
| 0.56 | WLF | Wolfden Resources | PairCorr |
The ability to find closely correlated positions to Canadian Utilities could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Utilities 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 Canadian Utilities - 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 Canadian Utilities Ltd to buy it.
The correlation of Canadian Utilities 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 Canadian Utilities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian 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 Canadian Utilities 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 Canadian Preferred Stock Analysis
When running Canadian Utilities' price analysis, check to measure Canadian Utilities' 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 Canadian Utilities is operating at the current time. Most of Canadian Utilities' value examination focuses on studying past and present price action to predict the probability of Canadian Utilities' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Utilities' price. Additionally, you may evaluate how the addition of Canadian Utilities to your portfolios can decrease your overall portfolio volatility.