Allete Inc Stock Current Valuation
| ALE Stock | USD 59.96 0.25 0.42% |
Valuation analysis of Allete Inc helps investors to measure Allete's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
Fairly Valued
Today
Please note that Allete's price fluctuation is very steady at this time. Calculation of the real value of Allete Inc is based on 12 months time horizon. Increasing Allete's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Our valuation method for Allete Inc is useful when determining the fair value of the Allete stock, which is usually determined by what a typical buyer is willing to pay for full or partial control of Allete. Since Allete is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Allete Stock. However, Allete's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 59.96 | Real 59.43 | Hype 59.95 |
The real value of Allete Stock, also known as its intrinsic value, is the underlying worth of Allete Inc Company, which is reflected in its stock price. It is based on Allete's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Allete's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Allete's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Allete Inc helps investors to forecast how Allete stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Allete more accurately as focusing exclusively on Allete's fundamentals will not take into account other important factors: Allete Inc Company Current Valuation Analysis
Allete's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Allete Current Valuation | 5.75 B |
Most of Allete's fundamental indicators, such as Current Valuation, 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, Allete Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Allete Inc has a Current Valuation of 5.75 B. This is 45.39% lower than that of the Electric Utilities sector and significantly higher than that of the Utilities industry. The current valuation for all United States stocks is 65.38% higher than that of the company.
Allete Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Allete's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Allete could also be used in its relative valuation, which is a method of valuing Allete by comparing valuation metrics of similar companies.Allete is currently under evaluation in current valuation category among related companies.
Allete Fundamentals
| Return On Equity | 0.053 | ||||
| Return On Asset | 0.0176 | ||||
| Profit Margin | 0.13 % | ||||
| Operating Margin | 0.11 % | ||||
| Current Valuation | 5.75 B | ||||
| Shares Outstanding | 57.67 M | ||||
| Shares Owned By Insiders | 0.42 % | ||||
| Shares Owned By Institutions | 78.84 % | ||||
| Number Of Shares Shorted | 1.29 M | ||||
| Price To Earning | 19.79 X | ||||
| Price To Book | 1.20 X | ||||
| Price To Sales | 1.79 X | ||||
| Revenue | 1.88 B | ||||
| Gross Profit | 446.8 M | ||||
| EBITDA | 432.7 M | ||||
| Net Income | 247.1 M | ||||
| Cash And Equivalents | 36.4 M | ||||
| Cash Per Share | 1.31 X | ||||
| Total Debt | 1.8 B | ||||
| Debt To Equity | 0.59 % | ||||
| Current Ratio | 0.93 X | ||||
| Book Value Per Share | 48.78 X | ||||
| Cash Flow From Operations | 585.3 M | ||||
| Short Ratio | 4.59 X | ||||
| Earnings Per Share | 4.30 X | ||||
| Price To Earnings To Growth | 2.21 X | ||||
| Target Price | 60.77 | ||||
| Number Of Employees | 1.51 K | ||||
| Beta | 0.75 | ||||
| Market Capitalization | 3.44 B | ||||
| Total Asset | 7.37 B | ||||
| Retained Earnings | 1.03 B | ||||
| Working Capital | 90.5 M | ||||
| Current Asset | 371 M | ||||
| Current Liabilities | 274.8 M | ||||
| Annual Yield | 0.05 % | ||||
| Five Year Return | 3.50 % | ||||
| Net Asset | 7.37 B | ||||
| Last Dividend Paid | 2.71 |
About Allete Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Allete Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Allete using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Allete Inc 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.
Pair Trading with Allete
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Allete position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Allete will appreciate offsetting losses from the drop in the long position's value.Moving together with Allete Stock
| 0.78 | AES | AES Financial Report 2nd of May 2024 | PairCorr |
Moving against Allete Stock
| 0.47 | ELPC | Companhia Paranaense | PairCorr |
The ability to find closely correlated positions to Allete could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allete when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Allete - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Allete Inc to buy it.
The correlation of Allete is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Allete moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allete Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Allete can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Allete Piotroski F Score and Allete Altman Z Score analysis. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Allete Stock analysis
When running Allete's price analysis, check to measure Allete'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 Allete is operating at the current time. Most of Allete's value examination focuses on studying past and present price action to predict the probability of Allete's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allete's price. Additionally, you may evaluate how the addition of Allete to your portfolios can decrease your overall portfolio volatility.
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Is Allete's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allete. If investors know Allete will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allete listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Allete Inc is measured differently than its book value, which is the value of Allete that is recorded on the company's balance sheet. Investors also form their own opinion of Allete's value that differs from its market value or its book value, called intrinsic value, which is Allete's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allete's market value can be influenced by many factors that don't directly affect Allete's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allete's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allete is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allete'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.