Enerflex Stock Price To Book
| EFX Stock | CAD 12.79 0.20 1.54% |
Enerflex fundamentals help investors to digest information that contributes to Enerflex's financial success or failures. It also enables traders to predict the movement of Enerflex Stock. The fundamental analysis module provides a way to measure Enerflex'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 Enerflex stock.
As of the 2nd of December 2024, Price To Book Ratio is likely to grow to 1.02. Enerflex | Price To Book |
Enerflex Company Price To Book Analysis
Enerflex's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current Enerflex Price To Book | 1.07 X |
Most of Enerflex's fundamental indicators, such as Price To Book, 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, Enerflex is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Enerflex Price To Book Driver Correlations
Understanding the fundamental principles of building solid financial models for Enerflex is extremely important. It helps to project a fair market value of Enerflex Stock properly, considering its historical fundamentals such as Price To Book. Since Enerflex'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 Enerflex'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 Enerflex's interrelated accounts and indicators.
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Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
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Enerflex Book Value Per Share
Book Value Per Share |
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Based on the latest financial disclosure, Enerflex has a Price To Book of 1.0714 times. This is 73.41% lower than that of the Energy Equipment & Services sector and 77.68% lower than that of the Energy industry. The price to book for all Canada stocks is 88.73% higher than that of the company.
Enerflex Price To Book Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Enerflex's direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Enerflex could also be used in its relative valuation, which is a method of valuing Enerflex by comparing valuation metrics of similar companies.Enerflex is rated # 4 in price to book category among its peers.
Enerflex Current Valuation Drivers
We derive many important indicators used in calculating different scores of Enerflex from analyzing Enerflex's financial statements. These drivers represent accounts that assess Enerflex's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Enerflex's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 1.1B | 588.3M | 686.9M | 828.8M | 759.1M | 1.1B | |
| Enterprise Value | 1.5B | 944.3M | 902.6M | 2.1B | 1.9B | 1.1B |
Enerflex Fundamentals
| Return On Equity | -0.0939 | ||||
| Return On Asset | 0.0303 | ||||
| Profit Margin | (0.04) % | ||||
| Operating Margin | 0.1 % | ||||
| Current Valuation | 2.66 B | ||||
| Shares Outstanding | 124.05 M | ||||
| Shares Owned By Insiders | 0.49 % | ||||
| Shares Owned By Institutions | 64.28 % | ||||
| Number Of Shares Shorted | 1.19 M | ||||
| Price To Earning | 3.17 X | ||||
| Price To Book | 1.07 X | ||||
| Price To Sales | 0.68 X | ||||
| Revenue | 3.16 B | ||||
| Gross Profit | 322.72 M | ||||
| EBITDA | 269.7 M | ||||
| Net Income | (110.92 M) | ||||
| Cash And Equivalents | 253.78 M | ||||
| Cash Per Share | 0.88 X | ||||
| Total Debt | 1.32 B | ||||
| Debt To Equity | 0.37 % | ||||
| Current Ratio | 1.98 X | ||||
| Book Value Per Share | 11.25 X | ||||
| Cash Flow From Operations | 273.31 M | ||||
| Short Ratio | 5.35 X | ||||
| Earnings Per Share | (0.89) X | ||||
| Target Price | 13.25 | ||||
| Number Of Employees | 4.8 K | ||||
| Beta | 1.7 | ||||
| Market Capitalization | 1.61 B | ||||
| Total Asset | 3.91 B | ||||
| Retained Earnings | 40.89 M | ||||
| Working Capital | 287.06 M | ||||
| Current Asset | 708.07 M | ||||
| Current Liabilities | 468.88 M | ||||
| Annual Yield | 0.01 % | ||||
| Five Year Return | 3.11 % | ||||
| Net Asset | 3.91 B |
About Enerflex Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Enerflex's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Enerflex using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Enerflex 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 Enerflex
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 Enerflex 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 Enerflex will appreciate offsetting losses from the drop in the long position's value.Moving together with Enerflex Stock
Moving against Enerflex Stock
| 0.96 | DII-B | Dorel Industries | PairCorr |
| 0.83 | TC | Tucows Inc | PairCorr |
| 0.75 | SLF-PH | Sun Lif Non | PairCorr |
| 0.56 | SAGE | Sage Potash Corp | PairCorr |
| 0.54 | AIM | Aimia Inc | PairCorr |
The ability to find closely correlated positions to Enerflex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enerflex 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 Enerflex - 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 Enerflex to buy it.
The correlation of Enerflex 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 Enerflex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enerflex 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 Enerflex 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enerflex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices. To learn how to invest in Enerflex Stock, please use our How to Invest in Enerflex guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.