Suncor Energy Net Income vs. Gross Profit

SU Stock  USD 36.74  1.41  3.70%   
Based on the key profitability measurements obtained from Suncor Energy's financial statements, Suncor Energy's profitability may be sliding down. It has an above-average probability of reporting lower numbers next quarter. Profitability indicators assess Suncor Energy's ability to earn profits and add value for shareholders.
 
Net Income  
First Reported
1991-03-31
Previous Quarter
1.6 B
Current Value
B
Quarterly Volatility
967.9 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
At this time, Suncor Energy's Price To Sales Ratio is comparatively stable compared to the past year. EV To Sales is likely to gain to 2.42 in 2024, whereas Days Of Sales Outstanding is likely to drop 33.82 in 2024. At this time, Suncor Energy's Net Income Per Share is comparatively stable compared to the past year. Income Quality is likely to gain to 2.70 in 2024, despite the fact that Change To Netincome is likely to grow to (85.2 M).
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.580.3981
Way Up
Very volatile
For Suncor Energy profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Suncor Energy to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Suncor Energy utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Suncor Energy's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Suncor Energy over time as well as its relative position and ranking within its peers.
  
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For more information on how to buy Suncor Stock please use our How to Invest in Suncor Energy guide.
Is Oil, Gas & Consumable Fuels space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Suncor Energy. If investors know Suncor will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Suncor Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.339
Dividend Share
2.18
Earnings Share
4.28
Revenue Per Share
39.718
Quarterly Revenue Growth
0.019
The market value of Suncor Energy is measured differently than its book value, which is the value of Suncor that is recorded on the company's balance sheet. Investors also form their own opinion of Suncor Energy's value that differs from its market value or its book value, called intrinsic value, which is Suncor Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Suncor Energy's market value can be influenced by many factors that don't directly affect Suncor Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Suncor Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Suncor Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Suncor Energy'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.

Suncor Energy Gross Profit vs. Net Income Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Suncor Energy's current stock value. Our valuation model uses many indicators to compare Suncor Energy value to that of its competitors to determine the firm's financial worth.
Suncor Energy is currently regarded as top stock in net income category among its peers. It also is currently regarded as top stock in gross profit category among its peers fabricating about  4.33  of Gross Profit per Net Income. At this time, Suncor Energy's Net Income is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Suncor Energy by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Suncor Gross Profit 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.

Suncor Energy

Net Income

 = 

(Rev + Gain)

-

(Exp + Loss)

 = 
8.29 B
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.
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.

Suncor Energy

Gross Profit

 = 

Revenue

-

Cost of Revenue

 = 
35.89 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.

Suncor Gross Profit Comparison

Suncor Energy is currently under evaluation in gross profit category among its peers.

Suncor Energy Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Suncor Energy, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Suncor Energy will eventually generate negative long term returns. The profitability progress is the general direction of Suncor Energy's change in net profit over the period of time. It can combine multiple indicators of Suncor Energy, 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 IncomeB1.1 B
Operating Income9.6 B10.1 B
Income Before Tax10.6 B11.1 B
Total Other Income Expense Net947 M994.4 M
Net Income8.3 B8.7 B
Income Tax Expense2.3 B2.4 B
Net Income From Continuing Ops8.2 B8.6 B
Net Income Applicable To Common Shares10.4 B11 B
Interest Income118 M112.1 M
Net Interest Income-1.3 B-1.3 B
Change To Netincome-89.7 M-85.2 M
Net Income Per Share 6.34  6.66 
Income Quality 1.49  2.70 
Net Income Per E B T 0.78  0.67 

Suncor Profitability Driver Comparison

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

Use Suncor Energy 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 Suncor Energy 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 Suncor Energy will appreciate offsetting losses from the drop in the long position's value.

Suncor Energy Pair Trading

Suncor Energy Pair Trading Analysis

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

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Toys Theme
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Additional Tools for Suncor Stock Analysis

When running Suncor Energy's price analysis, check to measure Suncor Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Suncor Energy is operating at the current time. Most of Suncor Energy's value examination focuses on studying past and present price action to predict the probability of Suncor Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Suncor Energy's price. Additionally, you may evaluate how the addition of Suncor Energy to your portfolios can decrease your overall portfolio volatility.