Inplay Oil Corp Stock Return On Equity
| IPO Stock | CAD 1.80 0.02 1.12% |
InPlay Oil Corp fundamentals help investors to digest information that contributes to InPlay Oil's financial success or failures. It also enables traders to predict the movement of InPlay Stock. The fundamental analysis module provides a way to measure InPlay Oil'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 InPlay Oil stock.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 0.11 | 0.12 |
InPlay | Return On Equity |
InPlay Oil Corp Company Return On Equity Analysis
InPlay Oil'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 InPlay Oil Return On Equity | 0.0908 |
Most of InPlay Oil'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, InPlay Oil Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
InPlay Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for InPlay Oil is extremely important. It helps to project a fair market value of InPlay Stock properly, considering its historical fundamentals such as Return On Equity. Since InPlay Oil'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 InPlay Oil'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 InPlay Oil's interrelated accounts and indicators.
Click cells to compare fundamentals
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.
| Competition |
InPlay Total Stockholder Equity
Total Stockholder Equity |
|
Based on the latest financial disclosure, InPlay Oil Corp has a Return On Equity of 0.0908. This is 104.59% lower than that of the Oil, Gas & Consumable Fuels sector and 94.9% lower than that of the Energy industry. The return on equity for all Canada stocks is 129.29% lower than that of the firm.
InPlay Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses InPlay Oil'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 InPlay Oil could also be used in its relative valuation, which is a method of valuing InPlay Oil by comparing valuation metrics of similar companies.InPlay Oil is currently under evaluation in return on equity category among its peers.
InPlay Oil Current Valuation Drivers
We derive many important indicators used in calculating different scores of InPlay Oil from analyzing InPlay Oil's financial statements. These drivers represent accounts that assess InPlay Oil's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of InPlay Oil's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 45.0M | 15.7M | 152.2M | 263.3M | 196.8M | 206.7M | |
| Enterprise Value | 100.8M | 80.6M | 232.4M | 293.1M | 248.1M | 129.9M |
InPlay Fundamentals
| Return On Equity | 0.0908 | ||||
| Return On Asset | 0.0445 | ||||
| Profit Margin | 0.17 % | ||||
| Operating Margin | 0.24 % | ||||
| Current Valuation | 220.07 M | ||||
| Shares Outstanding | 90.12 M | ||||
| Shares Owned By Insiders | 25.30 % | ||||
| Shares Owned By Institutions | 1.46 % | ||||
| Number Of Shares Shorted | 64.88 K | ||||
| Price To Book | 0.55 X | ||||
| Price To Sales | 1.06 X | ||||
| Revenue | 156.85 M | ||||
| Gross Profit | 152.54 M | ||||
| EBITDA | 87.36 M | ||||
| Net Income | 32.7 M | ||||
| Cash And Equivalents | 70 K | ||||
| Total Debt | 51.29 M | ||||
| Debt To Equity | 1.16 % | ||||
| Current Ratio | 0.10 X | ||||
| Book Value Per Share | 3.26 X | ||||
| Cash Flow From Operations | 86.01 M | ||||
| Short Ratio | 0.83 X | ||||
| Earnings Per Share | 0.21 X | ||||
| Target Price | 3.18 | ||||
| Beta | 2.35 | ||||
| Market Capitalization | 162.21 M | ||||
| Total Asset | 472.96 M | ||||
| Retained Earnings | 8.12 M | ||||
| Working Capital | (2.59 M) | ||||
| Annual Yield | 0.10 % | ||||
| Net Asset | 472.96 M |
About InPlay Oil Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze InPlay Oil Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of InPlay Oil using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of InPlay Oil Corp 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 InPlay Oil
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 InPlay Oil 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 InPlay Oil will appreciate offsetting losses from the drop in the long position's value.Moving against InPlay Stock
The ability to find closely correlated positions to InPlay Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace InPlay Oil 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 InPlay Oil - 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 InPlay Oil Corp to buy it.
The correlation of InPlay Oil 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 InPlay Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if InPlay Oil Corp 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 InPlay Oil 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.Other Information on Investing in InPlay Stock
InPlay Oil financial ratios help investors to determine whether InPlay Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in InPlay with respect to the benefits of owning InPlay Oil security.