Trican Well Service Stock Beta
| TOLWF Stock | USD 3.53 0.05 1.44% |
Trican Well Service fundamentals help investors to digest information that contributes to Trican Well's financial success or failures. It also enables traders to predict the movement of Trican Pink Sheet. The fundamental analysis module provides a way to measure Trican Well'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 Trican Well pink sheet.
Trican |
Trican Well Service Company Beta Analysis
Trican Well's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Trican Well Beta | 2.11 |
Most of Trican Well's fundamental indicators, such as Beta, 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, Trican Well Service is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Trican Well Service has a Beta of 2.1144. This is 24.38% higher than that of the Energy Equipment & Services sector and 16.82% higher than that of the Energy industry. The beta for all United States stocks is notably lower than that of the firm.
Trican Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Trican Well's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Trican Well could also be used in its relative valuation, which is a method of valuing Trican Well by comparing valuation metrics of similar companies.Trican Well is currently under evaluation in beta category among its peers.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Trican Well will likely underperform.
Trican Fundamentals
| Return On Equity | 0.13 | |||
| Return On Asset | 0.0768 | |||
| Profit Margin | 0.08 % | |||
| Operating Margin | 0.1 % | |||
| Current Valuation | 623.49 M | |||
| Shares Outstanding | 231.49 M | |||
| Shares Owned By Insiders | 0.49 % | |||
| Shares Owned By Institutions | 33.30 % | |||
| Price To Earning | 28.30 X | |||
| Price To Book | 1.70 X | |||
| Price To Sales | 0.80 X | |||
| Revenue | 562.48 M | |||
| Gross Profit | 116.61 M | |||
| EBITDA | 101.76 M | |||
| Net Income | 17.22 M | |||
| Cash And Equivalents | 58.3 M | |||
| Cash Per Share | 0.24 X | |||
| Total Debt | 41.66 M | |||
| Debt To Equity | 0.09 % | |||
| Current Ratio | 1.92 X | |||
| Book Value Per Share | 2.10 X | |||
| Cash Flow From Operations | 74.1 M | |||
| Earnings Per Share | 0.19 X | |||
| Number Of Employees | 1.03 K | |||
| Beta | 2.11 | |||
| Market Capitalization | 571.78 M | |||
| Total Asset | 577.84 M | |||
| Z Score | 7.8 | |||
| Net Asset | 577.84 M |
About Trican Well Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Trican Well Service's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Trican Well using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Trican Well Service 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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Other Information on Investing in Trican Pink Sheet
Trican Well financial ratios help investors to determine whether Trican Pink Sheet 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 Trican with respect to the benefits of owning Trican Well security.