Canadian Utilities Limited Stock Net Asset
| CDUAF Stock | USD 22.23 0.07 0.32% |
Canadian Utilities Limited fundamentals help investors to digest information that contributes to Canadian Utilities' financial success or failures. It also enables traders to predict the movement of Canadian Pink Sheet. The fundamental analysis module provides a way to measure Canadian Utilities' 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 Canadian Utilities pink sheet.
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Canadian Utilities Limited Company Net Asset Analysis
Canadian Utilities' Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current Canadian Utilities Net Asset | 21.07 B |
Most of Canadian Utilities' fundamental indicators, such as Net 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, Canadian Utilities Limited is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
| Competition |
Based on the recorded statements, Canadian Utilities Limited has a Net Asset of 21.07 B. This is much higher than that of the Multi-Utilities sector and significantly higher than that of the Utilities industry. The net asset for all United States stocks is notably lower than that of the firm.
Canadian Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Canadian Utilities' direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Canadian Utilities could also be used in its relative valuation, which is a method of valuing Canadian Utilities by comparing valuation metrics of similar companies.Canadian Utilities is currently under evaluation in net asset category among related companies.
Canadian Fundamentals
| Return On Equity | 0.0987 | |||
| Return On Asset | 0.0362 | |||
| Profit Margin | 0.17 % | |||
| Operating Margin | 0.31 % | |||
| Current Valuation | 15.07 B | |||
| Shares Outstanding | 197.81 M | |||
| Shares Owned By Insiders | 0.20 % | |||
| Shares Owned By Institutions | 18.24 % | |||
| Price To Earning | 26.95 X | |||
| Price To Book | 1.97 X | |||
| Price To Sales | 1.89 X | |||
| Revenue | 3.52 B | |||
| Gross Profit | 2.37 B | |||
| EBITDA | 1.59 B | |||
| Net Income | 393 M | |||
| Cash And Equivalents | 911 M | |||
| Cash Per Share | 2.76 X | |||
| Total Debt | 8.98 B | |||
| Debt To Equity | 1.39 % | |||
| Current Ratio | 1.51 X | |||
| Book Value Per Share | 19.42 X | |||
| Cash Flow From Operations | 1.72 B | |||
| Earnings Per Share | 1.63 X | |||
| Number Of Employees | 4.8 K | |||
| Beta | 0.57 | |||
| Market Capitalization | 7.28 B | |||
| Total Asset | 21.07 B | |||
| Annual Yield | 0.05 % | |||
| Five Year Return | 4.72 % | |||
| Net Asset | 21.07 B | |||
| Last Dividend Paid | 1.77 |
About Canadian Utilities Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Canadian Utilities Limited's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canadian Utilities using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canadian Utilities Limited 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 Canadian Utilities
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 Canadian Utilities 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 Canadian Utilities will appreciate offsetting losses from the drop in the long position's value.Moving together with Canadian Pink Sheet
| 0.7 | SOJE | SOJE | PairCorr |
| 0.76 | CMSA | CMS Energy Corp | PairCorr |
Moving against Canadian Pink Sheet
| 0.52 | JPSTF | JAPAN POST BANK | PairCorr |
| 0.52 | JPHLF | Japan Post Holdings | PairCorr |
| 0.41 | HAS | Hasbro Inc Upward Rally | PairCorr |
The ability to find closely correlated positions to Canadian Utilities could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Utilities 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 Canadian Utilities - 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 Canadian Utilities Limited to buy it.
The correlation of Canadian Utilities 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 Canadian Utilities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Utilities 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 Canadian Utilities 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Utilities Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Canadian Utilities information on this page should be used as a complementary analysis to other Canadian Utilities' 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Canadian Pink Sheet analysis
When running Canadian Utilities' price analysis, check to measure Canadian Utilities' 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 Canadian Utilities is operating at the current time. Most of Canadian Utilities' value examination focuses on studying past and present price action to predict the probability of Canadian Utilities' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Utilities' price. Additionally, you may evaluate how the addition of Canadian Utilities to your portfolios can decrease your overall portfolio volatility.
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