EcoSynthetix Financials
| ECO Stock | CAD 4.67 0.04 0.86% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Debt Equity Ratio | 0.0238 | 0.0143 |
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| Current Ratio | 18.98 | 23.997 |
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EcoSynthetix | Select Account or Indicator |
Understanding current and past EcoSynthetix Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of EcoSynthetix's financial statements are interrelated, with each one affecting the others. For example, an increase in EcoSynthetix's assets may result in an increase in income on the income statement.
The data published in EcoSynthetix's official financial statements usually reflect EcoSynthetix'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 EcoSynthetix. For example, before you start analyzing numbers published by EcoSynthetix accountants, it's critical to develop an understanding of what EcoSynthetix's liquidity, profitability, and earnings quality are in the context of the Chemicals space in which it operates.
Please note, the presentation of EcoSynthetix'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, EcoSynthetix's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in EcoSynthetix's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of EcoSynthetix. Please utilize our Beneish M Score to check the likelihood of EcoSynthetix's management manipulating its earnings.
EcoSynthetix Stock Summary
EcoSynthetix competes with DIRTT Environmental, 5N Plus, Colabor, and TeraGo. EcoSynthetix Inc., a renewable chemicals company, develops and commercializes bio-based technologies that are used as replacement solutions for synthetic, petrochemical-based adhesives, and other related products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. EcoSynthetix Inc. was founded in 1996 and is headquartered in Burlington, Canada. ECOSYNTHETIX INC operates under Specialty Chemicals classification in Canada and is traded on Toronto Stock Exchange. It employs 30 people.| Foreign Associates | |
Specialization | Basic Materials, Specialty Chemicals |
| Instrument | Canada Stock View All |
| Exchange | Toronto Exchange |
| ISIN | CA27923D1087 |
| Business Address | 3365 Mainway, Burlington, |
| Sector | Chemicals |
| Industry | Materials |
| Benchmark | NYSE Composite |
| Website | www.ecosynthetix.com |
| Phone | 905 335 5669 |
| Currency | CAD - Canadian Dollar |
You should never invest in EcoSynthetix without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of EcoSynthetix Stock, because this is throwing your money away. Analyzing the key information contained in EcoSynthetix's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
EcoSynthetix Key Financial Ratios
Generally speaking, EcoSynthetix's financial ratios allow both analysts and investors to convert raw data from EcoSynthetix's financial statements into concise, actionable information that can be used to evaluate the performance of EcoSynthetix 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 EcoSynthetix reports annually and quarterly.| Return On Equity | -0.0656 | ||||
| Profit Margin | (0.22) % | ||||
| Operating Margin | (0.51) % |
EcoSynthetix Key Balance Sheet Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 54.7M | 51.7M | 51.0M | 48.2M | 42.8M | 56.6M | |
| Other Current Liab | 623.8K | 380.1K | 1.1M | 1.1M | 952.7K | 1.6M | |
| Net Debt | (6.6M) | (15.3M) | (41.2M) | (4.0M) | (4.6M) | (4.8M) | |
| Retained Earnings | (448.8M) | (451.2M) | (454.4M) | (456.7M) | (459.5M) | (482.5M) | |
| Cash | 8.0M | 16.6M | 42.2M | 4.8M | 4.9M | 4.7M | |
| Net Receivables | 1.9M | 1.9M | 1.9M | 2.9M | 1.1M | 2.1M | |
| Inventory | 2.3M | 2.1M | 2.1M | 5.3M | 3.6M | 3.3M | |
| Other Current Assets | 76.0K | 69.6K | 91.9K | 85.1K | 76.6K | 122.8K | |
| Total Liab | 2.5M | 2.3M | 3.2M | 3.1M | 1.9M | 1.8M | |
| Total Current Assets | 48.0M | 46.1M | 46.3M | 34.2M | 38.6M | 49.1M | |
| Accounts Payable | 536.0K | 560.3K | 959.6K | 1.3M | 831.5K | 951.5K | |
| Common Stock | 490.6M | 490.3M | 492.3M | 491.7M | 442.5M | 393.7M | |
| Capital Surpluse | 10.4M | 10.4M | 9.9M | 10.1M | 11.6M | 10.6M | |
| Net Tangible Assets | 52.2M | 49.5M | 47.8M | 45.1M | 40.5M | 42.4M | |
| Long Term Debt Total | 1.2M | 1.1M | 820.1K | 543.6K | 625.2K | 567.7K | |
| Short Term Debt | 200.8K | 238.7K | 255.9K | 275.8K | 248.3K | 235.8K | |
| Net Invested Capital | 52.2M | 49.5M | 47.8M | 45.1M | 41.0M | 39.8M | |
| Net Working Capital | 46.6M | 44.9M | 43.9M | 31.6M | 37.0M | 34.7M | |
| Capital Stock | 490.6M | 490.3M | 492.3M | 491.7M | 490.3M | 392.9M |
EcoSynthetix Key Cash Accounts
Cash flow analysis captures how much money flows into and out of EcoSynthetix. It measures of how well EcoSynthetix 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 EcoSynthetix 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 EcoSynthetix 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 EcoSynthetix 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.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 458.9K | 152.4K | (31.6K) | (3.1M) | 1.7M | 1.8M | |
| Change In Cash | (6.2M) | 8.7M | 25.6M | (37.4M) | 106.8K | 112.2K | |
| Free Cash Flow | 247.4K | (21.4K) | 94.1K | (5.2M) | (1.3M) | (1.4M) | |
| Depreciation | 1.4M | 1.4M | 1.4M | 1.1M | 1.3M | 1.6M | |
| Other Non Cash Items | (19.6K) | 288.5K | 404.9K | (518.9K) | (78.6K) | (74.7K) | |
| Capital Expenditures | 458.2K | 248.1K | 380.0K | 273.0K | 1.6M | 1.7M | |
| Net Income | (1.5M) | (2.4M) | (3.2M) | (2.4M) | (2.8M) | (3.0M) | |
| End Period Cash Flow | 8.0M | 16.6M | 42.2M | 4.8M | 4.9M | 4.7M | |
| Investments | (5.5M) | 9.8M | 25M | (31.2M) | 2.0M | 2.1M | |
| Change To Netincome | 765.0K | 1.1M | 1.4M | 269.8K | 310.3K | 294.8K |
EcoSynthetix Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining EcoSynthetix's current stock value. Our valuation model uses many indicators to compare EcoSynthetix value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across EcoSynthetix competition to find correlations between indicators driving EcoSynthetix's intrinsic value. More Info.EcoSynthetix is one of the top stocks in return on equity category among related companies. It is one of the top stocks in return on asset category among related companies . At this time, EcoSynthetix'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 EcoSynthetix by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for EcoSynthetix'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 EcoSynthetix's earnings, one of the primary drivers of an investment's value.EcoSynthetix Systematic Risk
EcoSynthetix's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. EcoSynthetix 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 ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on EcoSynthetix correlated with the market. If Beta is less than 0 EcoSynthetix generally moves in the opposite direction as compared to the market. If EcoSynthetix Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one EcoSynthetix is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of EcoSynthetix is generally in the same direction as the market. If Beta > 1 EcoSynthetix moves generally in the same direction as, but more than the movement of the benchmark.
EcoSynthetix Total Assets Over Time
About EcoSynthetix Financials
What exactly are EcoSynthetix 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 EcoSynthetix's income statement, its balance sheet, and the statement of cash flows. Potential EcoSynthetix investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although EcoSynthetix investors may use each financial statement separately, they are all related. The changes in EcoSynthetix's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on EcoSynthetix'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 EcoSynthetix 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 EcoSynthetix 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 EcoSynthetix 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 EcoSynthetix's financials are consistent with your investment objective using the following steps:- Review EcoSynthetix'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 EcoSynthetix'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 EcoSynthetix'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 EcoSynthetix's stock is overvalued or undervalued.
Today, most investors in EcoSynthetix Stock are looking for potential investment opportunities by analyzing not only static indicators but also various EcoSynthetix'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 EcoSynthetix growth as a starting point in their analysis.
Price Earnings To Growth Ratio |
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EcoSynthetix April 25, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of EcoSynthetix help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of EcoSynthetix. We use our internally-developed statistical techniques to arrive at the intrinsic value of EcoSynthetix based on widely used predictive technical indicators. In general, we focus on analyzing EcoSynthetix Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build EcoSynthetix's daily price indicators and compare them against related drivers.
| Downside Deviation | 3.12 | |||
| Information Ratio | 0.0559 | |||
| Maximum Drawdown | 21.41 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 5.54 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EcoSynthetix. 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. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for EcoSynthetix Stock analysis
When running EcoSynthetix's price analysis, check to measure EcoSynthetix'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 EcoSynthetix is operating at the current time. Most of EcoSynthetix's value examination focuses on studying past and present price action to predict the probability of EcoSynthetix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EcoSynthetix's price. Additionally, you may evaluate how the addition of EcoSynthetix to your portfolios can decrease your overall portfolio volatility.
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