Cgx Energy Stock Return On Asset
| OYL Stock | CAD 0.20 0.02 11.11% |
CGX Energy fundamentals help investors to digest information that contributes to CGX Energy's financial success or failures. It also enables traders to predict the movement of CGX Stock. The fundamental analysis module provides a way to measure CGX Energy'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 CGX Energy stock.
Return On Assets is likely to drop to -0.04 in 2024. CGX | Return On Asset |
CGX Energy Company Return On Asset Analysis
CGX Energy's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current CGX Energy Return On Asset | -0.0213 |
Most of CGX Energy's fundamental indicators, such as Return On Asset, 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, CGX Energy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
CGX Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for CGX Energy is extremely important. It helps to project a fair market value of CGX Stock properly, considering its historical fundamentals such as Return On Asset. Since CGX Energy'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 CGX Energy'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 CGX Energy's interrelated accounts and indicators.
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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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CGX Total Assets
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Based on the latest financial disclosure, CGX Energy has a Return On Asset of -0.0213. This is 153.25% lower than that of the Oil, Gas & Consumable Fuels sector and 99.71% lower than that of the Energy industry. The return on asset for all Canada stocks is 84.79% lower than that of the firm.
CGX Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses CGX Energy's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of CGX Energy could also be used in its relative valuation, which is a method of valuing CGX Energy by comparing valuation metrics of similar companies.CGX Energy is currently under evaluation in return on asset category among its peers.
CGX Energy Current Valuation Drivers
We derive many important indicators used in calculating different scores of CGX Energy from analyzing CGX Energy's financial statements. These drivers represent accounts that assess CGX Energy's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of CGX Energy's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 22.3M | 30.6M | 101.9M | 93.9M | 108.0M | 87.9M | |
| Enterprise Value | 38.6M | 52.1M | 86.1M | 82.1M | 94.4M | 82.1M |
CGX Fundamentals
| Return On Equity | -0.0479 | ||||
| Return On Asset | -0.0213 | ||||
| Current Valuation | 55.39 M | ||||
| Shares Outstanding | 338.55 M | ||||
| Number Of Shares Shorted | 6.96 K | ||||
| Price To Earning | 6.47 X | ||||
| Price To Book | 0.76 X | ||||
| EBITDA | (4.73 K) | ||||
| Net Income | (3.19 M) | ||||
| Cash And Equivalents | 22.57 M | ||||
| Cash Per Share | 0.10 X | ||||
| Total Debt | 21.45 M | ||||
| Debt To Equity | 76.20 % | ||||
| Current Ratio | 1.03 X | ||||
| Book Value Per Share | 0.18 X | ||||
| Cash Flow From Operations | (3.67 M) | ||||
| Short Ratio | 0.01 X | ||||
| Earnings Per Share | (0.01) X | ||||
| Target Price | 0.21 | ||||
| Beta | 1.31 | ||||
| Market Capitalization | 66.02 M | ||||
| Total Asset | 84.88 M | ||||
| Retained Earnings | (323.76 M) | ||||
| Working Capital | (12.55 M) | ||||
| Net Asset | 84.88 M |
About CGX Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CGX Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CGX Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CGX Energy 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.
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Additional Tools for CGX Stock Analysis
When running CGX Energy's price analysis, check to measure CGX Energy'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 CGX Energy is operating at the current time. Most of CGX Energy's value examination focuses on studying past and present price action to predict the probability of CGX Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CGX Energy's price. Additionally, you may evaluate how the addition of CGX Energy to your portfolios can decrease your overall portfolio volatility.