Westaim Corp Price To Book vs. Return On Asset

WED Stock  CAD 5.24  0.06  1.16%   
Considering Westaim Corp's profitability and operating efficiency indicators, Westaim Corp is yielding more profit at this time then in previous quarter. It has a moderate probability of reporting better profitability numbers in January. Profitability indicators assess Westaim Corp's ability to earn profits and add value for shareholders. EV To Sales is likely to climb to 1.30 in 2024, whereas Price To Sales Ratio is likely to drop 1.78 in 2024. At this time, Westaim Corp's Net Income Per E B T is fairly stable compared to the past year.
For Westaim Corp profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Westaim Corp to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Westaim Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Westaim Corp's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Westaim Corp 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 Westaim Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Westaim Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Westaim 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.

Westaim Corp Return On Asset vs. Price To Book Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Westaim Corp's current stock value. Our valuation model uses many indicators to compare Westaim Corp value to that of its competitors to determine the firm's financial worth.
Westaim Corp is rated second in price to book category among its peers. It is rated first in return on asset category among its peers reporting about  0.08  of Return On Asset per Price To Book. The ratio of Price To Book to Return On Asset for Westaim Corp is roughly  12.14 . Return On Assets is likely to climb to 0.35 in 2024. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Westaim Corp's earnings, one of the primary drivers of an investment's value.

Westaim Return On Asset vs. Price To Book

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.

Westaim Corp

P/B

 = 

MV Per Share

BV Per Share

 = 
0.92 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.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

Westaim Corp

Return On Asset

 = 

Net Income

Total Assets

 = 
0.076
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.

Westaim Return On Asset Comparison

Westaim Corp is currently under evaluation in return on asset category among its peers.

Westaim Corp Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Westaim Corp, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Westaim Corp will eventually generate negative long term returns. The profitability progress is the general direction of Westaim Corp's change in net profit over the period of time. It can combine multiple indicators of Westaim 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-2.2 M-2.1 M
Operating Income186.3 M195.6 M
Income Before Tax186.3 M195.6 M
Total Other Income Expense Net-1.5 M-1.4 M
Net Income184 M193.2 M
Income Tax Expense2.3 M2.4 M
Net Income From Continuing Ops184 M193.2 M
Net Income Applicable To Common Shares20.7 M21.7 M
Net Interest Income2.7 M2.9 M
Interest Income3.8 M3.9 M
Change To Netincome-22.4 M-21.3 M
Net Income Per Share 1.32  1.38 
Income Quality(0.02)(0.02)
Net Income Per E B T 0.99  1.13 

Westaim Profitability Driver Comparison

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

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Alternative Energy Theme
Large and mid-size companies, ETFs and funds that are either investing or directly involved in providing energy derived from sources not connected to fossil fuels, do not consume natural resources, and do not harm the environment. This includes wind power, nuclear and solar energy, biofuel, ethanol, hydrogen and others alternative sources of energy. The Alternative Energy theme has 42 constituents at this time.
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Additional Tools for Westaim Stock Analysis

When running Westaim Corp's price analysis, check to measure Westaim Corp'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 Westaim Corp is operating at the current time. Most of Westaim Corp's value examination focuses on studying past and present price action to predict the probability of Westaim Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westaim Corp's price. Additionally, you may evaluate how the addition of Westaim Corp to your portfolios can decrease your overall portfolio volatility.