TransAlta Corp Shares Owned By Institutions vs. Price To Book

TA Stock  CAD 18.70  0.13  0.70%   
Considering TransAlta Corp's profitability and operating efficiency indicators, TransAlta Corp is performing exceptionally good at this time. It has a great probability to showcase excellent profitability results in January. Profitability indicators assess TransAlta Corp's ability to earn profits and add value for shareholders. At this time, TransAlta Corp's Price To Sales Ratio is very stable compared to the past year. As of the 13th of December 2024, Days Sales Outstanding is likely to grow to 96.46, while Operating Cash Flow Sales Ratio is likely to drop 0.22. At this time, TransAlta Corp's Interest Income is very stable compared to the past year. As of the 13th of December 2024, Change To Netincome is likely to grow to about 597.7 M, though Accumulated Other Comprehensive Income is likely to grow to (155.8 M).
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.650.49
Significantly Up
Slightly volatile
For TransAlta Corp profitability analysis, we use financial ratios and fundamental drivers that measure the ability of TransAlta Corp to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well TransAlta Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between TransAlta Corp's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of TransAlta Corp over time as well as its relative position and ranking within its peers.
  
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To learn how to invest in TransAlta Stock, please use our How to Invest in TransAlta Corp guide.
Please note, there is a significant difference between TransAlta Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if TransAlta Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TransAlta Corp'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.

TransAlta Corp Price To Book vs. Shares Owned By Institutions Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining TransAlta Corp's current stock value. Our valuation model uses many indicators to compare TransAlta Corp value to that of its competitors to determine the firm's financial worth.
TransAlta Corp is currently regarded as top stock in shares owned by institutions category among its peers. It also is currently regarded as top stock in price to book category among its peers fabricating about  0.09  of Price To Book per Shares Owned By Institutions. The ratio of Shares Owned By Institutions to Price To Book for TransAlta Corp is roughly  11.14 . As of the 13th of December 2024, Price To Book Ratio is likely to drop to 1.71. Comparative valuation analysis is a catch-all model that can be used if you cannot value TransAlta Corp by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for TransAlta Corp'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.

TransAlta Price To Book vs. Shares Owned By Institutions

Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.

TransAlta Corp

Shares Held by Institutions

 = 

Funds and Banks

+

Firms

 = 
71.29 %
Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

TransAlta Corp

P/B

 = 

MV Per Share

BV Per Share

 = 
6.40 X
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.

TransAlta Price To Book Comparison

TransAlta Corp is currently under evaluation in price to book category among its peers.

TransAlta Corp Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in TransAlta Corp, profitability is also one of the essential criteria for including it into their portfolios because, without profit, TransAlta Corp will eventually generate negative long term returns. The profitability progress is the general direction of TransAlta Corp's change in net profit over the period of time. It can combine multiple indicators of TransAlta Corp, 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 Income-164 M-155.8 M
Operating Income1.1 B1.1 B
Total Other Income Expense Net-209 M-219.4 M
Net Income695 M729.8 M
Income Tax Expense84 M88.2 M
Income Before Tax880 M924 M
Net Income From Continuing Ops796 M835.8 M
Net Income Applicable To Common Shares3.6 M3.8 M
Interest Income71 M105 M
Net Interest Income-162 M-170.1 M
Change To Netincome569.2 M597.7 M
Net Income Per Share 2.52  2.64 
Income Quality 2.11  2.21 
Net Income Per E B T 0.79  0.80 

TransAlta Profitability Driver Comparison

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

Use TransAlta Corp 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 TransAlta Corp 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 TransAlta Corp will appreciate offsetting losses from the drop in the long position's value.

TransAlta Corp Pair Trading

TransAlta Corp Pair Trading Analysis

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

In addition to having TransAlta Corp 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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Real Estate
Real Estate Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Real Estate theme has 61 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 Real Estate Theme or any other thematic opportunities.
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When determining whether TransAlta Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TransAlta Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Transalta Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Transalta Corp Stock:
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To learn how to invest in TransAlta Stock, please use our How to Invest in TransAlta Corp guide.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
To fully project TransAlta Corp's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of TransAlta Corp 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 TransAlta Corp's income statement, its balance sheet, and the statement of cash flows.
Potential TransAlta Corp investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although TransAlta Corp investors may work on each financial statement separately, they are all related. The changes in TransAlta Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on TransAlta Corp'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.