Hammond Power Solutions Stock Current Valuation
| HPS-A Stock | CAD 137.69 1.88 1.38% |
Valuation analysis of Hammond Power Solutions helps investors to measure Hammond Power's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns. Enterprise Value is likely to gain to about 1 B in 2024, whereas Enterprise Value Over EBITDA is likely to drop 6.25 in 2024. Fundamental drivers impacting Hammond Power's valuation include:
Price Book 6.0449 | Enterprise Value 1.6 B | Enterprise Value Ebitda 15.3924 | Price Sales 2.1376 | Forward PE 19.084 |
Overvalued
Today
Please note that Hammond Power's price fluctuation is very steady at this time. Calculation of the real value of Hammond Power Solutions is based on 3 months time horizon. Increasing Hammond Power's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Hammond Power's intrinsic value may or may not be the same as its current market price of 137.69, 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 137.69 | Real 111.9 | Hype 137.5 |
The intrinsic value of Hammond Power's 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 Hammond Power's 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 Hammond Power Solutions helps investors to forecast how Hammond 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 Hammond Power more accurately as focusing exclusively on Hammond Power's fundamentals will not take into account other important factors: Hammond Power Solutions Company Current Valuation Analysis
Hammond Power's 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.
Current Hammond Power Current Valuation | 1.63 B |
Most of Hammond Power's fundamental indicators, such as Current Valuation, 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, Hammond Power Solutions is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Hammond Current Valuation Driver Correlations
Understanding the fundamental principles of building solid financial models for Hammond Power is extremely important. It helps to project a fair market value of Hammond Stock properly, considering its historical fundamentals such as Current Valuation. Since Hammond Power'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 Hammond Power'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 Hammond Power's interrelated accounts and indicators.
Click cells to compare fundamentals
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, Hammond Power Solutions has a Current Valuation of 1.63 B. This is 91.58% lower than that of the Electrical Equipment sector and 50.84% lower than that of the Industrials industry. The current valuation for all Canada stocks is 90.21% higher than that of the company.
Hammond Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Hammond Power's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Hammond Power could also be used in its relative valuation, which is a method of valuing Hammond Power by comparing valuation metrics of similar companies.Hammond Power is currently under evaluation in current valuation category among its peers.
Hammond Power Current Valuation Drivers
We derive many important indicators used in calculating different scores of Hammond Power from analyzing Hammond Power's financial statements. These drivers represent accounts that assess Hammond Power's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Hammond Power's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 90.1M | 99.5M | 141.2M | 238.1M | 972.6M | 1.0B | |
| Enterprise Value | 110.9M | 110.1M | 149.1M | 227.6M | 957.1M | 1.0B |
Hammond Fundamentals
| Return On Equity | 0.28 | |||
| Return On Asset | 0.14 | |||
| Profit Margin | 0.09 % | |||
| Operating Margin | 0.12 % | |||
| Current Valuation | 1.63 B | |||
| Shares Outstanding | 9.13 M | |||
| Shares Owned By Insiders | 6.02 % | |||
| Shares Owned By Institutions | 31.48 % | |||
| Number Of Shares Shorted | 149.34 K | |||
| Price To Earning | 28.65 X | |||
| Price To Book | 6.04 X | |||
| Price To Sales | 2.14 X | |||
| Revenue | 710.06 M | |||
| Gross Profit | 165.19 M | |||
| EBITDA | 96 M | |||
| Net Income | 63.4 M | |||
| Cash And Equivalents | 10.65 M | |||
| Cash Per Share | 0.91 X | |||
| Total Debt | 37.03 M | |||
| Debt To Equity | 37.40 % | |||
| Current Ratio | 1.50 X | |||
| Book Value Per Share | 22.78 X | |||
| Cash Flow From Operations | 44.11 M | |||
| Short Ratio | 2.26 X | |||
| Earnings Per Share | 5.70 X | |||
| Target Price | 165.67 | |||
| Number Of Employees | 1.9 K | |||
| Beta | 0.84 | |||
| Market Capitalization | 1.64 B | |||
| Total Asset | 408.34 M | |||
| Retained Earnings | 203.7 M | |||
| Working Capital | 143.97 M | |||
| Annual Yield | 0.01 % | |||
| Five Year Return | 3.45 % | |||
| Net Asset | 408.34 M | |||
| Last Dividend Paid | 0.85 |
About Hammond Power Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Hammond Power Solutions's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hammond Power using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hammond Power Solutions 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 Hammond Power
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 Hammond Power 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 Hammond Power will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Hammond Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hammond Power 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 Hammond Power - 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 Hammond Power Solutions to buy it.
The correlation of Hammond Power 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 Hammond Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hammond Power Solutions 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 Hammond Power 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 Hammond Stock Analysis
When running Hammond Power's price analysis, check to measure Hammond Power'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 Hammond Power is operating at the current time. Most of Hammond Power's value examination focuses on studying past and present price action to predict the probability of Hammond Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hammond Power's price. Additionally, you may evaluate how the addition of Hammond Power to your portfolios can decrease your overall portfolio volatility.