Parkland Fuel Net Income vs. Price To Earning
| PKI Stock | CAD 36.15 0.59 1.61% |
Net Income | First Reported 1993-09-30 | Previous Quarter 70 M | Current Value 91 M | Quarterly Volatility 47.9 M |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.14 | 0.0969 |
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| Net Profit Margin | 0.0197 | 0.0145 |
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| Operating Profit Margin | 0.0341 | 0.0287 |
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| Pretax Profit Margin | 0.0244 | 0.0157 |
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| Return On Assets | 0.0323 | 0.034 |
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| Return On Equity | 0.18 | 0.1481 |
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For Parkland Fuel profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Parkland Fuel to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Parkland Fuel utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Parkland Fuel's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Parkland Fuel over time as well as its relative position and ranking within its peers.
Parkland |
Parkland Fuel Price To Earning vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Parkland Fuel's current stock value. Our valuation model uses many indicators to compare Parkland Fuel value to that of its competitors to determine the firm's financial worth. Parkland Fuel is considered to be number one stock in net income category among its peers. It also is considered to be number one stock in price to earning category among its peers . The ratio of Net Income to Price To Earning for Parkland Fuel is about 12,630,732 . At this time, Parkland Fuel's Net Income is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Parkland Fuel by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Parkland 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.Parkland Price To Earning vs. Net Income
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.
Parkland Fuel |
| = | 471 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.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Parkland Fuel |
| = | 37.29 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Parkland Price To Earning Comparison
Parkland Fuel is currently under evaluation in price to earning category among its peers.
Parkland Fuel Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Parkland Fuel, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Parkland Fuel will eventually generate negative long term returns. The profitability progress is the general direction of Parkland Fuel's change in net profit over the period of time. It can combine multiple indicators of Parkland Fuel, 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 | -69 M | -72.5 M | |
| Operating Income | 1 B | 1.1 B | |
| Income Before Tax | 508 M | 533.4 M | |
| Total Other Income Expense Net | -516 M | -490.2 M | |
| Net Income | 471 M | 494.6 M | |
| Income Tax Expense | 37 M | 19.2 M | |
| Net Income From Continuing Ops | 471 M | 494.6 M | |
| Net Income Applicable To Common Shares | 356.5 M | 374.3 M | |
| Interest Income | 798.1 M | 838 M | |
| Net Interest Income | -384 M | -364.8 M | |
| Change To Netincome | 473.8 M | 497.5 M | |
| Net Income Per Share | 2.68 | 2.81 | |
| Income Quality | 3.78 | 2.46 | |
| Net Income Per E B T | 0.93 | 0.62 |
Parkland Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Parkland Fuel. 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 Parkland Fuel 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 Parkland Fuel's important profitability drivers and their relationship over time.
Use Parkland Fuel 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 Parkland 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 Parkland Fuel will appreciate offsetting losses from the drop in the long position's value.Parkland Fuel Pair Trading
Parkland Fuel Pair Trading Analysis
The ability to find closely correlated positions to Parkland 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 Parkland 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 Parkland 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 Parkland Fuel to buy it.
The correlation of Parkland 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 Parkland Fuel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Parkland Fuel 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 Parkland 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.Use Investing Themes to Complement your Parkland Fuel position
In addition to having Parkland Fuel 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 Parkland Stock
To fully project Parkland Fuel's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Parkland Fuel 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 Parkland Fuel's income statement, its balance sheet, and the statement of cash flows.