TMX GROUP Cash Per Share vs. Debt To Equity
| 9TX Stock | EUR 29.00 0.60 2.11% |
For TMX GROUP profitability analysis, we use financial ratios and fundamental drivers that measure the ability of TMX GROUP to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well TMX GROUP LTD utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between TMX GROUP's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of TMX GROUP LTD over time as well as its relative position and ranking within its peers.
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TMX GROUP LTD Debt To Equity vs. Cash Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining TMX GROUP's current stock value. Our valuation model uses many indicators to compare TMX GROUP value to that of its competitors to determine the firm's financial worth. TMX GROUP LTD is rated fifth in cash per share category among its peers. It also is rated fifth in debt to equity category among its peers fabricating about 9.55 of Debt To Equity per Cash Per Share. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the TMX GROUP's earnings, one of the primary drivers of an investment's value.TMX Debt To Equity vs. Cash Per Share
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
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| = | 3.53 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
TMX GROUP |
| = | 33.70 % |
High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.
TMX Debt To Equity Comparison
TMX GROUP is rated fourth in debt to equity category among its peers.
TMX GROUP Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in TMX GROUP, profitability is also one of the essential criteria for including it into their portfolios because, without profit, TMX GROUP will eventually generate negative long term returns. The profitability progress is the general direction of TMX GROUP's change in net profit over the period of time. It can combine multiple indicators of TMX GROUP, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada and internationally. TMX Group Limited was incorporated in 2011 and is based in Toronto, Canada. TMX GROUP operates under Financial Exchanges classification in Germany and is traded on Frankfurt Stock Exchange. It employs 1230 people.
TMX Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on TMX GROUP. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of TMX GROUP position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the TMX GROUP's important profitability drivers and their relationship over time.
Use TMX GROUP in pair-trading
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 TMX GROUP 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 TMX GROUP will appreciate offsetting losses from the drop in the long position's value.TMX GROUP Pair Trading
TMX GROUP LTD Pair Trading Analysis
The ability to find closely correlated positions to TMX GROUP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TMX GROUP 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 TMX GROUP - 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 TMX GROUP LTD to buy it.
The correlation of TMX GROUP 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 TMX GROUP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TMX GROUP LTD 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 TMX GROUP 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.Use Investing Themes to Complement your TMX GROUP position
In addition to having TMX GROUP in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Other Information on Investing in TMX Stock
To fully project TMX GROUP's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of TMX GROUP LTD at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include TMX GROUP's income statement, its balance sheet, and the statement of cash flows.