Tc Energy Corp Stock Return On Asset
TRP Stock | CAD 54.44 0.64 1.19% |
TC Energy Corp fundamentals help investors to digest information that contributes to TC Energy's financial success or failures. It also enables traders to predict the movement of TRP Stock. The fundamental analysis module provides a way to measure TC Energy's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to TC Energy stock.
As of the 28th of March 2024, Return On Assets is likely to grow to 0.03. TRP | Return On Asset |
TRP Return On Asset Analysis
TC Energy's 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.
More About Return On Asset | All Equity Analysis
2021 | 2022 | 2023 | 2024 (projected) | Operating Income | 7.2B | 7.3B | 6.9B | 5.4B | Total Revenue | 13.4B | 15.0B | 15.9B | 9.8B |
Return On Asset | = | Net IncomeTotal Assets |
Current TC Energy Return On Asset | 0.0356 |
Most of TC Energy's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, TC Energy Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
TRP Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for TC Energy is extremely important. It helps to project a fair market value of TRP Stock properly, considering its historical fundamentals such as Return On Asset. Since TC Energy's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of TC Energy's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of TC Energy's interrelated accounts and indicators.
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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.
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TRP Total Assets
Total Assets |
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Based on the latest financial disclosure, TC Energy Corp has a Return On Asset of 0.0356. This is 11.0% lower than that of the Oil, Gas & Consumable Fuels sector and 97.03% lower than that of the Energy industry. The return on asset for all Canada stocks is 125.43% lower than that of the firm.
TRP Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses TC Energy's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of TC Energy could also be used in its relative valuation, which is a method of valuing TC Energy by comparing valuation metrics of similar companies.TC Energy is currently under evaluation in return on asset category among related companies.
TC Energy ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, TC Energy's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to TC Energy's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
TRP Fundamentals
Return On Equity | 0.0839 | ||||
Return On Asset | 0.0356 | ||||
Profit Margin | 0.18 % | ||||
Operating Margin | 0.54 % | ||||
Current Valuation | 119.39 B | ||||
Shares Outstanding | 1.04 B | ||||
Shares Owned By Insiders | 0.03 % | ||||
Shares Owned By Institutions | 79.32 % | ||||
Number Of Shares Shorted | 43.35 M | ||||
Price To Earning | 10.70 X | ||||
Price To Book | 2.11 X | ||||
Price To Sales | 3.58 X | ||||
Revenue | 15.93 B | ||||
Gross Profit | 9.61 B | ||||
EBITDA | 9.6 B | ||||
Net Income | 2.92 B | ||||
Cash And Equivalents | 620 M | ||||
Cash Per Share | 1.59 X | ||||
Total Debt | 2.94 B | ||||
Debt To Equity | 1.45 % | ||||
Current Ratio | 0.51 X | ||||
Book Value Per Share | 26.08 X | ||||
Cash Flow From Operations | 7.43 B | ||||
Short Ratio | 7.37 X | ||||
Earnings Per Share | 2.75 X | ||||
Price To Earnings To Growth | 0.26 X | ||||
Target Price | 55.5 | ||||
Number Of Employees | 7 K | ||||
Beta | 0.74 | ||||
Market Capitalization | 56.97 B | ||||
Total Asset | 125.03 B | ||||
Retained Earnings | (3 B) | ||||
Working Capital | (445 M) | ||||
Current Asset | 3.91 B | ||||
Current Liabilities | 7.31 B | ||||
Z Score | 11.98 | ||||
Annual Yield | 0.07 % | ||||
Five Year Return | 4.39 % | ||||
Net Asset | 125.03 B | ||||
Last Dividend Paid | 3.72 |
About TC Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze TC Energy Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TC Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TC Energy Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Last Reported | Projected for 2024 | ||
Return On Assets | 0.02 | 0.03 |
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When determining whether TC Energy Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if TRP Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Tc Energy Corp Stock. Highlighted below are key reports to facilitate an investment decision about Tc Energy Corp Stock:Check out TC Energy Piotroski F Score and TC Energy Altman Z Score analysis. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for TRP Stock analysis
When running TC Energy's price analysis, check to measure TC Energy'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 TC Energy is operating at the current time. Most of TC Energy's value examination focuses on studying past and present price action to predict the probability of TC Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TC Energy's price. Additionally, you may evaluate how the addition of TC Energy to your portfolios can decrease your overall portfolio volatility.
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