You can use fundamental analysis to find out if Algoma Central is mispriced or if you can make any profits on it by purchasing it and then waiting for the market to recognize its mistake and reprise the security. We were able to break down thirty-seven available fundamental indicators for Algoma Central, which can be compared to its peers. The stock experiences a normal upward fluctuation. Check odds of Algoma Central to be traded at C$15.46 in 90 days. Key indicators impacting Algoma Central's financial strength include:
Understanding current and past Algoma Central Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Algoma Central's financial statements are interrelated, with each one affecting the others. For example, an increase in Algoma Central's assets may result in an increase in income on the income statement.
The data published in Algoma Central's official financial statements usually reflect Algoma Central's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Algoma Central. For example, before you start analyzing numbers published by Algoma accountants, it's critical to develop an understanding of what Algoma Central's liquidity, profitability, and earnings quality are in the context of the Marine Transportation space in which it operates.
Please note, the presentation of Algoma Central's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Algoma Central's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Algoma Central's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Algoma Central. Please utilize our Beneish M Score to check the likelihood of Algoma Central's management manipulating its earnings.
Algoma Central Stock Summary
Algoma Central competes with Goodfellow, Leons Furniture, High Liner, Exco Technologies, and Wajax. Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers on the Great Lakes - St. Algoma Central Corporation was founded in 1899 and is headquartered in St. ALGOMA CENTRAL operates under Shipping Ports classification in Canada and is traded on Toronto Stock Exchange. It employs 2000 people.
You should never invest in Algoma Central without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Algoma Stock, because this is throwing your money away. Analyzing the key information contained in Algoma Central's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Algoma Central Key Financial Ratios
Generally speaking, Algoma Central's financial ratios allow both analysts and investors to convert raw data from Algoma Central's financial statements into concise, actionable information that can be used to evaluate the performance of Algoma Central over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Algoma Central reports annually and quarterly.
An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Algoma Central's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
Cash flow analysis captures how much money flows into and out of Algoma Central. It measures of how well Algoma is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Algoma Central brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Algoma had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Algoma Central has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
Comparative valuation techniques use various fundamental indicators to help in determining Algoma Central's current stock value. Our valuation model uses many indicators to compare Algoma Central value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Algoma Central competition to find correlations between indicators driving Algoma Central's intrinsic value. More Info.
Algoma Central is rated second in return on equity category among related companies. It is rated second in return on asset category among related companies reporting about 0.31 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Algoma Central is roughly 3.21 . At this time, Algoma Central's Return On Equity is very stable compared to the past year.Comparative valuation analysis is a catch-all model that can be used if you cannot value Algoma Central by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Algoma Central'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. 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 Algoma Central's earnings, one of the primary drivers of an investment's value.
Algoma Central Systematic Risk
Algoma Central's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Algoma Central volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Algoma Central correlated with the market. If Beta is less than 0 Algoma Central generally moves in the opposite direction as compared to the market. If Algoma Central Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Algoma Central is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Algoma Central is generally in the same direction as the market. If Beta > 1 Algoma Central moves generally in the same direction as, but more than the movement of the benchmark.
Algoma Central Total Assets Over Time
About Algoma Central Financials
What exactly are Algoma Central Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Algoma Central's income statement, its balance sheet, and the statement of cash flows. Potential Algoma Central investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Algoma Central investors may use each financial statement separately, they are all related. The changes in Algoma Central's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Algoma Central'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.
Steps to analyze Algoma Central Financials for Investing
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Algoma Central is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Algoma has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it. In summary, you can determine if Algoma Central's financials are consistent with your investment objective using the following steps:
Review Algoma Central's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
Study the cash flow inflows and outflows to understand Algoma Central's liquidity and solvency.
Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
Compare Algoma Central's financials to those of its peers to see how it stacks up and identify any potential red flags.
Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Algoma Central's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.
Today, most investors in Algoma Central Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Algoma Central's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Algoma Central growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of Algoma Central help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Algoma Central. We use our internally-developed statistical techniques to arrive at the intrinsic value of Algoma Central based on widely used predictive technical indicators. In general, we focus on analyzing Algoma Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Algoma Central's daily price indicators and compare them against related drivers.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algoma Central. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Note that the Algoma Central information on this page should be used as a complementary analysis to other Algoma Central's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for Algoma Stock analysis
When running Algoma Central's price analysis, check to measure Algoma Central'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 Algoma Central is operating at the current time. Most of Algoma Central's value examination focuses on studying past and present price action to predict the probability of Algoma Central's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Algoma Central's price. Additionally, you may evaluate how the addition of Algoma Central to your portfolios can decrease your overall portfolio volatility.
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Please note, there is a significant difference between Algoma Central's value and its price as these two are different measures arrived at by different means. Investors typically determine if Algoma Central is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Algoma Central'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.