Air Canada Gross Profit vs. Shares Outstanding

AC Stock  CAD 25.04  0.24  0.95%   
Based on the key profitability measurements obtained from Air Canada's financial statements, Air Canada is performing exceptionally good at this time. It has a great probability to showcase excellent profitability results in January. Profitability indicators assess Air Canada's ability to earn profits and add value for shareholders.
 
Gross Profit  
First Reported
2007-03-31
Previous Quarter
1.7 B
Current Value
2.4 B
Quarterly Volatility
832.6 M
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
At this time, Air Canada's Days Sales Outstanding is very stable compared to the past year. As of the 14th of December 2024, Operating Cash Flow Sales Ratio is likely to grow to 0.21, while Price To Sales Ratio is likely to drop 0.25. At this time, Air Canada's Net Income Per E B T is very stable compared to the past year.
For Air Canada profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Air Canada to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Air Canada utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Air Canada's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Air Canada over time as well as its relative position and ranking within its peers.
  
Check out Trending Equities.
Please note, there is a significant difference between Air Canada's value and its price as these two are different measures arrived at by different means. Investors typically determine if Air Canada is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Air Canada's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Air Canada Shares Outstanding vs. Gross Profit Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Air Canada's current stock value. Our valuation model uses many indicators to compare Air Canada value to that of its competitors to determine the firm's financial worth.
Air Canada is number one stock in gross profit category among its peers. It also is number one stock in shares outstanding category among its peers creating about  0.09  of Shares Outstanding per Gross Profit. The ratio of Gross Profit to Shares Outstanding for Air Canada is roughly  11.14 . At this time, Air Canada's Gross Profit is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Air Canada by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Air Canada'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.

Air Shares Outstanding vs. Gross Profit

Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.

Air Canada

Gross Profit

 = 

Revenue

-

Cost of Revenue

 = 
B
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
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.

Air Canada

Shares Outstanding

 = 

Public Shares

-

Repurchased

 = 
358.49 M
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.

Air Shares Outstanding Comparison

Air Canada is currently under evaluation in shares outstanding category among its peers.

Air Canada Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Air Canada, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Air Canada will eventually generate negative long term returns. The profitability progress is the general direction of Air Canada's change in net profit over the period of time. It can combine multiple indicators of Air Canada, 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.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income-57 M-59.9 M
Operating Income2.3 B2.4 B
Income Before Tax2.2 B2.3 B
Total Other Income Expense Net-67 M-70.3 M
Net Income2.3 B2.4 B
Income Tax Expense-64 M-60.8 M
Net Income From Continuing Ops2.3 B2.4 B
Net Loss-1.5 B-1.5 B
Interest Income416 M649.9 M
Net Interest Income-514 M-539.7 M
Change To Netincome951 M599.4 M
Net Income Per Share 6.36  6.68 
Income Quality 1.90  1.80 
Net Income Per E B T 1.03  1.05 

Air Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Air Canada. 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 Air Canada 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 Air Canada's important profitability drivers and their relationship over time.

Use Air Canada 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 Air Canada 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 Air Canada will appreciate offsetting losses from the drop in the long position's value.

Air Canada Pair Trading

Air Canada Pair Trading Analysis

The ability to find closely correlated positions to Air Canada could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Air Canada 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 Air Canada - 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 Air Canada to buy it.
The correlation of Air Canada 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 Air Canada moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Air Canada 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 Air Canada 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Air Canada position

In addition to having Air Canada 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?

Run Printing and Publishing Thematic Idea Now

Printing and Publishing
Printing and Publishing Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Printing and Publishing theme has 21 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Printing and Publishing Theme or any other thematic opportunities.
View All  Next Launch

Other Information on Investing in Air Stock

To fully project Air Canada's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Air Canada 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 Air Canada's income statement, its balance sheet, and the statement of cash flows.
Potential Air Canada investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Air Canada investors may work on each financial statement separately, they are all related. The changes in Air Canada's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Air Canada's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.