Omni Lite Financials
| OML Stock | CAD 0.85 0.16 23.19% |
Operating Margin 0.0474 | Profit Margin (0.11) | Short Ratio 0.14 | Return On Equity (0.11) |
Omni | Select Account or Indicator |
Understanding current and past Omni Lite Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Omni Lite's financial statements are interrelated, with each one affecting the others. For example, an increase in Omni Lite's assets may result in an increase in income on the income statement.
The data published in Omni Lite's official financial statements usually reflect Omni Lite'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 Omni Lite Industries. For example, before you start analyzing numbers published by Omni accountants, it's critical to develop an understanding of what Omni Lite's liquidity, profitability, and earnings quality are in the context of the Machinery space in which it operates.
Please note, the presentation of Omni Lite'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, Omni Lite's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Omni Lite's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Omni Lite Industries Canada. Please utilize our Beneish M Score to check the likelihood of Omni Lite's management manipulating its earnings.
Omni Lite Stock Summary
Omni Lite competes with Atlas Engineered, Fab Form, Imaflex, and Bri Chem. Omni-Lite Industries Canada Inc. develops, manufactures, and sells precision components to Fortune 500 companies in the United States, Canada, and Barbados. Omni-Lite Industries Canada Inc. was founded in 1992 and is headquartered in Cerritos, California. OMNI LITE operates under Metal Fabrication classification in Canada and is traded on TSX Venture Exchange.| Foreign Associate | UK |
Specialization | Industrials, Metal Fabrication |
| Instrument | Canada Stock View All |
| Exchange | TSX Venture Exchange |
| ISIN | CA6819761066 |
| Business Address | 17210 Edwards Road, |
| Sector | Machinery |
| Industry | Industrials |
| Benchmark | NYSE Composite |
| Website | www.omni-lite.com |
| Phone | 800 577 6664 |
| Currency | CAD - Canadian Dollar |
You should never invest in Omni Lite without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Omni Stock, because this is throwing your money away. Analyzing the key information contained in Omni Lite's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Omni Lite Key Financial Ratios
Generally speaking, Omni Lite's financial ratios allow both analysts and investors to convert raw data from Omni Lite's financial statements into concise, actionable information that can be used to evaluate the performance of Omni Lite 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 Omni Lite Industries reports annually and quarterly.| Revenue | 12.21 M | ||||
| Gross Profit | 20.19 K | ||||
| EBITDA | (474.75 K) |
Omni Lite Key Balance Sheet Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 17.1M | 14.9M | 23.2M | 20.1M | 18.1M | 16.1M | |
| Other Current Liab | 6.6K | 8.3K | 280.2K | 2.4K | 2.8K | 2.6K | |
| Other Liab | 1.8M | 2.0M | 213.3K | 58.7K | 52.8K | 50.2K | |
| Net Tangible Assets | 13.8M | 12.0M | 11.8M | 11.3M | 10.2M | 12.4M | |
| Retained Earnings | 2.8M | 2.2M | 1.7M | (810.4K) | (729.4K) | (692.9K) | |
| Accounts Payable | 791.8K | 576.6K | 1.9M | 1.3M | 1.5M | 850.0K | |
| Cash | 693.2K | 1.5M | 2.4M | 1.3M | 1.5M | 1.4M | |
| Other Assets | 2.8M | 1.4M | 59.5K | 57.9K | 52.1K | 49.5K | |
| Net Receivables | 1.4M | 976.9K | 2.4M | 2.3M | 2.6M | 1.5M | |
| Inventory | 3.9M | 3.3M | 4.0M | 3.4M | 3.9M | 3.3M | |
| Total Liab | 4.4M | 2.4M | 9.0M | 7.6M | 8.8M | 4.9M | |
| Total Current Assets | 6.0M | 6.0M | 9.3M | 7.3M | 8.4M | 6.4M | |
| Net Invested Capital | 13.7M | 14.0M | 14.2M | 12.4M | 11.2M | 11.6M | |
| Net Working Capital | 4.7M | 3.8M | 6.7M | 5.6M | 6.5M | 5.2M | |
| Intangible Assets | 264K | 195.6K | 385.6K | 250.6K | 225.5K | 229.5K |
Omni Lite Key Income Statement Accounts
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 Omni Lite'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.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 46.8K | 68.0K | 119.1K | 576.6K | 560.2K | 588.3K | |
| Total Revenue | 9.3M | 6.7M | 5.8M | 11.1M | 12.2M | 8.5M | |
| Gross Profit | 1.9M | 32.5K | (17.8K) | 20.2K | 1.3M | 1.8M | |
| Operating Income | (299.3K) | (1.8M) | (1.8M) | (2.3M) | (834.0K) | (792.3K) | |
| Ebit | (503.1K) | (42.7K) | (1.8M) | (1.8M) | (1.6M) | (1.5M) | |
| Research Development | 269.6K | 277.7K | 224.1K | 144.9K | 295.6K | 150.2K | |
| Cost Of Revenue | 7.4M | 6.7M | 5.8M | 11.1M | 10.9M | 5.9M | |
| Income Before Tax | (1.7M) | (1.1M) | (118.1K) | (2.5M) | (923.7K) | (969.9K) | |
| Net Income | (1.9M) | (618.1K) | (483.1K) | (2.6M) | (1.4M) | (1.3M) | |
| Income Tax Expense | (1.5M) | 194.9K | (490.0K) | 16.5K | 14.8K | 15.5K | |
| Tax Provision | 194.9K | (490.0K) | 365.0K | 16.5K | 478.9K | 502.9K | |
| Net Interest Income | (39.7K) | (60.1K) | (108.4K) | (511.8K) | (460.2K) | (437.2K) | |
| Interest Income | 7.1K | 8.0K | 10.6K | 64.8K | 100.0K | 105.0K | |
| Ebitda | (480.5K) | 89.6K | 854.4K | (700.4K) | (805.4K) | (845.7K) |
Omni Lite Key Cash Accounts
Cash flow analysis captures how much money flows into and out of Omni Lite Industries. It measures of how well Omni 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 Omni Lite 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 Omni 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 Omni Lite 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 | 197.2K | (1.1M) | 294.3K | 679.9K | (516.1K) | (490.3K) | |
| Investments | (317.8K) | (273.9K) | (3.6M) | 521.2K | 829.1K | 870.5K | |
| Change In Cash | (499.3K) | 352.7K | 849.2K | (1.1M) | (132.3K) | (139.0K) | |
| Depreciation | 1.2M | 1.2M | 1.1M | 1.3M | 1.3M | 1.2M | |
| Capital Expenditures | 759.2K | 316.9K | 23.9K | 464.7K | 156.8K | 149.0K | |
| Net Income | (1.9M) | (618.1K) | (483.1K) | (2.6M) | (1.4M) | (1.3M) | |
| Change To Netincome | 3.5M | 1.6M | (907.1K) | 585.9K | 673.8K | 580.6K | |
| End Period Cash Flow | 693.2K | 1.5M | 2.4M | 1.3M | 1.3M | 1.2M | |
| Free Cash Flow | (822.1K) | (18.9K) | (1.2M) | (1.2M) | 750.3K | 787.8K | |
| Other Non Cash Items | 276.0K | 13.7K | 67.4K | 576.6K | 560.2K | 588.3K |
Omni Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Omni Lite's current stock value. Our valuation model uses many indicators to compare Omni Lite value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Omni Lite competition to find correlations between indicators driving Omni Lite's intrinsic value. More Info.Omni Lite Industries Canada is considered to be number one stock in return on equity category among related companies. It is considered to be number one stock in return on asset category among related companies . Comparative valuation analysis is a catch-all model that can be used if you cannot value Omni Lite by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Omni Lite'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 Omni Lite's earnings, one of the primary drivers of an investment's value.Omni Lite Industries Systematic Risk
Omni Lite's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Omni Lite 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 Omni Lite Industries correlated with the market. If Beta is less than 0 Omni Lite generally moves in the opposite direction as compared to the market. If Omni Lite Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Omni Lite Industries is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Omni Lite is generally in the same direction as the market. If Beta > 1 Omni Lite moves generally in the same direction as, but more than the movement of the benchmark.
Omni Lite Industries Canada Total Assets Over Time
About Omni Lite Financials
What exactly are Omni Lite 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 Omni Lite's income statement, its balance sheet, and the statement of cash flows. Potential Omni Lite investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Omni Lite investors may use each financial statement separately, they are all related. The changes in Omni Lite's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Omni Lite'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 Omni Lite 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 Omni Lite 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 Omni 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 Omni Lite's financials are consistent with your investment objective using the following steps:- Review Omni Lite'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 Omni Lite'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 Omni Lite'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 Omni Lite's stock is overvalued or undervalued.
Omni Lite April 19, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Omni Lite help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Omni Lite Industries Canada. We use our internally-developed statistical techniques to arrive at the intrinsic value of Omni Lite Industries Canada based on widely used predictive technical indicators. In general, we focus on analyzing Omni Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Omni Lite's daily price indicators and compare them against related drivers.
| Downside Deviation | 2.15 | |||
| Information Ratio | 0.1196 | |||
| Maximum Drawdown | 10.8 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 1.56 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Omni Lite Industries Canada. 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Omni Stock analysis
When running Omni Lite's price analysis, check to measure Omni Lite'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 Omni Lite is operating at the current time. Most of Omni Lite's value examination focuses on studying past and present price action to predict the probability of Omni Lite's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Omni Lite's price. Additionally, you may evaluate how the addition of Omni Lite to your portfolios can decrease your overall portfolio volatility.
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