Westport Fuel Systems Stock Fundamentals
| WPRT Stock | CAD 6.50 0.30 4.84% |
Westport Fuel Systems fundamentals help investors to digest information that contributes to Westport Fuel's financial success or failures. It also enables traders to predict the movement of Westport Stock. The fundamental analysis module provides a way to measure Westport Fuel'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 Westport Fuel stock.
At this time, Westport Fuel's Interest Expense is very stable compared to the past year. As of the 1st of December 2024, Total Revenue is likely to grow to about 348.4 M, while Depreciation And Amortization is likely to drop about 8.6 M. Westport | Select Account or Indicator |
Westport Fuel Systems Company Shares Outstanding Analysis
Westport Fuel's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current Westport Fuel Shares Outstanding | 17.26 M |
Most of Westport Fuel's fundamental indicators, such as Shares Outstanding, 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, Westport Fuel Systems is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Westport Shares Outstanding Driver Correlations
Understanding the fundamental principles of building solid financial models for Westport Fuel is extremely important. It helps to project a fair market value of Westport Stock properly, considering its historical fundamentals such as Shares Outstanding. Since Westport Fuel'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 Westport Fuel'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 Westport Fuel's interrelated accounts and indicators.
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Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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Westport Common Stock Shares Outstanding
Common Stock Shares Outstanding |
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Based on the latest financial disclosure, Westport Fuel Systems has 17.26 M of shares currently outstending. This is 90.57% lower than that of the Automobile Components sector and 78.57% lower than that of the Consumer Discretionary industry. The shares outstanding for all Canada stocks is 96.98% higher than that of the company.
Westport Fuel Systems Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Westport Fuel's current stock value. Our valuation model uses many indicators to compare Westport Fuel value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Westport Fuel competition to find correlations between indicators driving Westport Fuel's intrinsic value. More Info.Westport Fuel Systems is rated fourth in return on equity category among its peers. It is rated fourth in return on asset category among its peers . At this time, Westport Fuel's Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Westport Fuel by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Westport Fuel's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Westport Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Westport Fuel's direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Westport Fuel could also be used in its relative valuation, which is a method of valuing Westport Fuel by comparing valuation metrics of similar companies.Westport Fuel is currently under evaluation in shares outstanding category among its peers.
Westport Fuel Current Valuation Drivers
We derive many important indicators used in calculating different scores of Westport Fuel from analyzing Westport Fuel's financial statements. These drivers represent accounts that assess Westport Fuel's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Westport Fuel's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 318.1M | 730.7M | 379.8M | 113.7M | 102.3M | 97.2M | |
| Enterprise Value | 340.8M | 779.8M | 352.8M | 141.8M | 127.6M | 121.2M |
Westport Fundamentals
| Return On Equity | -0.2 | ||||
| Return On Asset | -0.0652 | ||||
| Profit Margin | (0.10) % | ||||
| Operating Margin | (0.06) % | ||||
| Current Valuation | 149.11 M | ||||
| Shares Outstanding | 17.26 M | ||||
| Shares Owned By Insiders | 11.15 % | ||||
| Shares Owned By Institutions | 13.87 % | ||||
| Number Of Shares Shorted | 235.08 K | ||||
| Price To Earning | 7.40 X | ||||
| Price To Book | 0.54 X | ||||
| Price To Sales | 0.34 X | ||||
| Revenue | 331.8 M | ||||
| Gross Profit | 36.2 M | ||||
| EBITDA | (33.24 M) | ||||
| Net Income | (49.72 M) | ||||
| Cash And Equivalents | 86.09 M | ||||
| Cash Per Share | 0.57 X | ||||
| Total Debt | 82.83 M | ||||
| Debt To Equity | 0.35 % | ||||
| Current Ratio | 2.37 X | ||||
| Book Value Per Share | 9.34 X | ||||
| Cash Flow From Operations | (13.19 M) | ||||
| Short Ratio | 33.48 X | ||||
| Earnings Per Share | (2.10) X | ||||
| Price To Earnings To Growth | (0.11) X | ||||
| Target Price | 79.43 | ||||
| Number Of Employees | 1.72 K | ||||
| Beta | 3.13 | ||||
| Market Capitalization | 112.22 M | ||||
| Total Asset | 355.75 M | ||||
| Retained Earnings | (1.07 B) | ||||
| Working Capital | 81.95 M | ||||
| Current Asset | 177.4 M | ||||
| Current Liabilities | 155.12 M | ||||
| Net Asset | 355.75 M |
About Westport Fuel Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Westport Fuel Systems's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Westport Fuel using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Westport Fuel Systems 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.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | 2.4 M | 2.1 M | |
| Total Revenue | 331.8 M | 348.4 M | |
| Cost Of Revenue | 282.9 M | 297 M | |
| Sales General And Administrative To Revenue | 0.13 | 0.21 | |
| Research And Ddevelopement To Revenue | 0.08 | 0.07 | |
| Capex To Revenue | 0.05 | 0.04 | |
| Revenue Per Share | 19.32 | 13.99 | |
| Ebit Per Revenue | (0.14) | (0.15) |
Pair Trading with Westport Fuel
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 Westport Fuel 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 Westport Fuel will appreciate offsetting losses from the drop in the long position's value.Moving against Westport Stock
The ability to find closely correlated positions to Westport Fuel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Westport Fuel 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 Westport Fuel - 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 Westport Fuel Systems to buy it.
The correlation of Westport Fuel 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 Westport Fuel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Westport Fuel Systems 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 Westport Fuel 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westport Fuel Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.