PrairieSky Royalty Price To Earning vs. Number Of Shares Shorted

PSK Stock  CAD 28.99  0.20  0.69%   
Based on the key profitability measurements obtained from PrairieSky Royalty's financial statements, PrairieSky Royalty may not be well positioned to generate adequate gross income at this time. It has a very high risk of underperforming in January. Profitability indicators assess PrairieSky Royalty's ability to earn profits and add value for shareholders. At this time, PrairieSky Royalty's Price To Sales Ratio is very stable compared to the past year. As of the 16th of December 2024, Days Sales Outstanding is likely to grow to 63.14, while Sales General And Administrative To Revenue is likely to drop 0.07. At this time, PrairieSky Royalty's Operating Income is very stable compared to the past year. As of the 16th of December 2024, Income Tax Expense is likely to grow to about 72.6 M, while Income Before Tax is likely to drop about 171.7 M.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.660.7122
Significantly Down
Slightly volatile
Net Profit Margin0.410.4435
Significantly Down
Very volatile
Operating Profit Margin0.370.6122
Way Down
Very volatile
Pretax Profit Margin0.50.5781
Fairly Down
Very volatile
Return On Assets0.06540.0688
Notably Down
Pretty Stable
Return On Equity0.07820.0823
Notably Down
Pretty Stable
For PrairieSky Royalty profitability analysis, we use financial ratios and fundamental drivers that measure the ability of PrairieSky Royalty to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well PrairieSky Royalty utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between PrairieSky Royalty's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of PrairieSky Royalty over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between PrairieSky Royalty's value and its price as these two are different measures arrived at by different means. Investors typically determine if PrairieSky Royalty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PrairieSky Royalty'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.

PrairieSky Royalty Number Of Shares Shorted vs. Price To Earning Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining PrairieSky Royalty's current stock value. Our valuation model uses many indicators to compare PrairieSky Royalty value to that of its competitors to determine the firm's financial worth.
PrairieSky Royalty is regarded second in price to earning category among its peers. It is regarded fourth in number of shares shorted category among its peers making about  46,452  of Number Of Shares Shorted per Price To Earning. Comparative valuation analysis is a catch-all model that can be used if you cannot value PrairieSky Royalty by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for PrairieSky Royalty'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.

PrairieSky Number Of Shares Shorted vs. Price To Earning

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.

PrairieSky Royalty

P/E

 = 

Market Value Per Share

Earnings Per Share

 = 
47.29 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.
Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.

PrairieSky Royalty

Shares Shorted

 = 

Shorted by Public

+

by Institutions

 = 
2.2 M
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.

PrairieSky Number Of Shares Shorted Comparison

PrairieSky Royalty is currently under evaluation in number of shares shorted category among its peers.

PrairieSky Royalty Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in PrairieSky Royalty, profitability is also one of the essential criteria for including it into their portfolios because, without profit, PrairieSky Royalty will eventually generate negative long term returns. The profitability progress is the general direction of PrairieSky Royalty's change in net profit over the period of time. It can combine multiple indicators of PrairieSky Royalty, 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
Operating Income428.2 M449.6 M
Income Before Tax296.7 M171.7 M
Total Other Income Expense Net-131.5 M-124.9 M
Net Income227.6 M138.9 M
Income Tax Expense69.1 M72.6 M
Net Income From Continuing Ops227.6 M144.2 M
Net Income Applicable To Common Shares365.1 M383.4 M
Interest Income21.4 M22.5 M
Net Interest Income-17.5 M-16.6 M
Change To Netincome41.3 M43.3 M
Net Income Per Share 0.95  0.50 
Income Quality 1.40  1.33 
Net Income Per E B T 0.77  0.91 

PrairieSky Profitability Driver Comparison

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

Use PrairieSky Royalty 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 PrairieSky Royalty 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 PrairieSky Royalty will appreciate offsetting losses from the drop in the long position's value.

PrairieSky Royalty Pair Trading

PrairieSky Royalty Pair Trading Analysis

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

In addition to having PrairieSky Royalty 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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Tech Funds Theme
Funds or Etfs that invest in companies involved in research, development, testing, or distribution of technologically based goods and services. The Tech Funds theme has 44 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 Tech Funds Theme or any other thematic opportunities.
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Other Information on Investing in PrairieSky Stock

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