Major Drilling Revenue vs. Net Income

MDI Stock  CAD 8.80  0.03  0.34%   
Considering the key profitability indicators obtained from Major Drilling's historical financial statements, Major Drilling Group is performing exceptionally good at the present time. It has a great likelihood to showcase excellent profitability results in January. Profitability indicators assess Major Drilling's ability to earn profits and add value for shareholders.
 
Total Revenue  
First Reported
1997-01-31
Previous Quarter
168 M
Current Value
190 M
Quarterly Volatility
55.2 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
At this time, Major Drilling's EV To Sales is very stable compared to the past year. As of the 4th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.13, while Price To Sales Ratio is likely to drop 0.98. At this time, Major Drilling's Net Interest Income is very stable compared to the past year. As of the 4th of December 2024, Net Income Per Share is likely to grow to 0.68, while Total Other Income Expense Net is likely to drop (13.2 M).
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.290.2146
Significantly Up
Slightly volatile
For Major Drilling profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Major Drilling to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Major Drilling Group utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Major Drilling's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Major Drilling Group over time as well as its relative position and ranking within its peers.
  
Check out Correlation Analysis.
Please note, there is a significant difference between Major Drilling's value and its price as these two are different measures arrived at by different means. Investors typically determine if Major Drilling is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Major Drilling'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.

Major Drilling Group Net Income vs. Revenue Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Major Drilling's current stock value. Our valuation model uses many indicators to compare Major Drilling value to that of its competitors to determine the firm's financial worth.
Major Drilling Group is rated top company in revenue category among its peers. It also is considered to be number one stock in net income category among its peers making up about  0.08  of Net Income per Revenue. The ratio of Revenue to Net Income for Major Drilling Group is roughly  13.31 . At this time, Major Drilling's Total Revenue is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Major Drilling by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Major Drilling'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.

Major Revenue vs. Competition

Major Drilling Group is rated top company in revenue category among its peers. Market size based on revenue of Materials industry is now estimated at about 7.47 Billion. Major Drilling holds roughly 706.69 Million in revenue claiming about 9% of all equities under Materials industry.

Major Net Income vs. Revenue

Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.

Major Drilling

Revenue

 = 

Money Received

-

Discounts and Returns

 = 
706.69 M
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.

Major Drilling

Net Income

 = 

(Rev + Gain)

-

(Exp + Loss)

 = 
53.09 M
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.

Major Net Income Comparison

Major Drilling is currently under evaluation in net income category among its peers.

Major Drilling Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Major Drilling, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Major Drilling will eventually generate negative long term returns. The profitability progress is the general direction of Major Drilling's change in net profit over the period of time. It can combine multiple indicators of Major Drilling, 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 Income79.4 M83.4 M
Operating Income83.5 M87.7 M
Income Before Tax71 M74.6 M
Total Other Income Expense Net-12.5 M-13.2 M
Net Income53.1 M55.7 M
Income Tax Expense17.9 M11.5 M
Net Income From Continuing Ops53.1 M55.7 M
Net Income Applicable To Common Shares86.2 M90.5 M
Interest Income2.2 M1.5 M
Net Interest Income2.2 M2.3 M
Change To Netincome-2.6 M-2.5 M
Net Income Per Share 0.64  0.68 
Income Quality 2.11  2.22 
Net Income Per E B T 0.75  0.51 

Major Profitability Driver Comparison

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

Use Major Drilling 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 Major Drilling 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 Major Drilling will appreciate offsetting losses from the drop in the long position's value.

Major Drilling Pair Trading

Major Drilling Group Pair Trading Analysis

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

In addition to having Major Drilling 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.

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Power Assets Theme
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Other Information on Investing in Major Stock

To fully project Major Drilling's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Major Drilling Group 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 Major Drilling's income statement, its balance sheet, and the statement of cash flows.
Potential Major Drilling investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Major Drilling investors may work on each financial statement separately, they are all related. The changes in Major Drilling's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Major Drilling'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.