Enerflex Return On Asset vs. Cash And Equivalents
| EFX Stock | CAD 13.61 0.17 1.26% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.16 | 0.1757 |
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| Operating Profit Margin | 0.0773 | 0.0513 |
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For Enerflex profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Enerflex to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Enerflex utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Enerflex's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Enerflex over time as well as its relative position and ranking within its peers.
Enerflex |
Enerflex Cash And Equivalents vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Enerflex's current stock value. Our valuation model uses many indicators to compare Enerflex value to that of its competitors to determine the firm's financial worth. Enerflex is one of the top stocks in return on asset category among its peers. It also is one of the top stocks in cash and equivalents category among its peers creating about 8,375,445,545 of Cash And Equivalents per Return On Asset. At this time, Enerflex's Cash And Equivalents is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Enerflex by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Enerflex'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.Enerflex Cash And Equivalents vs. Return On Asset
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.
Enerflex |
| = | 0.0303 |
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.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Enerflex |
| = | 253.78 M |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Enerflex Cash And Equivalents Comparison
Enerflex is currently under evaluation in cash and equivalents category among its peers.
Enerflex Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Enerflex, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Enerflex will eventually generate negative long term returns. The profitability progress is the general direction of Enerflex's change in net profit over the period of time. It can combine multiple indicators of Enerflex, 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 Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 101.5 M | 68.1 M | |
| Operating Income | 162.3 M | 94.2 M | |
| Income Before Tax | -71 M | -67.4 M | |
| Total Other Income Expense Net | -233.3 M | -221.7 M | |
| Net Loss | -110.9 M | -105.4 M | |
| Income Tax Expense | 42.4 M | 27.9 M | |
| Net Loss | -83.6 M | -79.4 M | |
| Net Loss | -90.8 M | -86.3 M | |
| Interest Income | 24.4 M | 19.6 M | |
| Net Interest Income | -95.3 M | -90.5 M | |
| Change To Netincome | 73.3 M | 38.9 M | |
| Net Loss | (0.90) | (0.85) | |
| Income Quality | (2.46) | (2.59) | |
| Net Income Per E B T | 1.56 | 1.64 |
Enerflex Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Enerflex. 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 Enerflex 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 Enerflex's important profitability drivers and their relationship over time.
Use Enerflex 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 Enerflex 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 Enerflex will appreciate offsetting losses from the drop in the long position's value.Enerflex Pair Trading
Enerflex Pair Trading Analysis
The ability to find closely correlated positions to Enerflex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enerflex 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 Enerflex - 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 Enerflex to buy it.
The correlation of Enerflex 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 Enerflex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enerflex 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 Enerflex 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 Enerflex position
In addition to having Enerflex 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 Rubber and Plastic Products Thematic Idea Now
Rubber and Plastic Products
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Rubber and Plastic Products theme has 27 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 Rubber and Plastic Products Theme or any other thematic opportunities.
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Check out Investing Opportunities. To learn how to invest in Enerflex Stock, please use our How to Invest in Enerflex guide.You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
To fully project Enerflex's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Enerflex 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 Enerflex's income statement, its balance sheet, and the statement of cash flows.