Empire Company Limited Stock Current Ratio
| EMP-A Stock | CAD 32.10 0.14 0.44% |
Empire Company Limited fundamentals help investors to digest information that contributes to Empire Company's financial success or failures. It also enables traders to predict the movement of Empire Stock. The fundamental analysis module provides a way to measure Empire Company'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 Empire Company stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 0.69 | 0.72 |
Empire | Current Ratio |
Empire Company Limited Company Current Ratio Analysis
Empire Company's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Empire Company Current Ratio | 0.85 X |
Most of Empire Company's fundamental indicators, such as Current Ratio, 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, Empire Company Limited is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Empire Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Empire Company is extremely important. It helps to project a fair market value of Empire Stock properly, considering its historical fundamentals such as Current Ratio. Since Empire Company'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 Empire Company'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 Empire Company's interrelated accounts and indicators.
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Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
In accordance with the recently published financial statements, Empire Company Limited has a Current Ratio of 0.85 times. This is 57.29% lower than that of the Consumer Staples Distribution & Retail sector and 37.04% lower than that of the Consumer Staples industry. The current ratio for all Canada stocks is 60.65% higher than that of the company.
Empire Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Empire Company's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Empire Company could also be used in its relative valuation, which is a method of valuing Empire Company by comparing valuation metrics of similar companies.Empire Company is currently under evaluation in current ratio category among related companies.
Empire Company Current Valuation Drivers
We derive many important indicators used in calculating different scores of Empire Company from analyzing Empire Company's financial statements. These drivers represent accounts that assess Empire Company's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Empire Company's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 8.1B | 8.3B | 11.3B | 9.4B | 8.5B | 8.9B | |
| Enterprise Value | 9.6B | 14.2B | 17.9B | 16.5B | 14.8B | 15.6B |
Empire Fundamentals
| Return On Equity | 0.15 | ||||
| Return On Asset | 0.0447 | ||||
| Profit Margin | 0.02 % | ||||
| Operating Margin | 0.03 % | ||||
| Current Valuation | 14.96 B | ||||
| Shares Outstanding | 145.98 M | ||||
| Shares Owned By Insiders | 1.97 % | ||||
| Shares Owned By Institutions | 42.70 % | ||||
| Number Of Shares Shorted | 1.63 M | ||||
| Price To Earning | 16.21 X | ||||
| Price To Book | 1.46 X | ||||
| Price To Sales | 0.25 X | ||||
| Revenue | 30.48 B | ||||
| Gross Profit | 7.9 B | ||||
| EBITDA | 2.28 B | ||||
| Net Income | 686 M | ||||
| Cash And Equivalents | 1.08 B | ||||
| Cash Per Share | 4.00 X | ||||
| Total Debt | 174 M | ||||
| Debt To Equity | 1.69 % | ||||
| Current Ratio | 0.85 X | ||||
| Book Value Per Share | 21.71 X | ||||
| Cash Flow From Operations | 1.61 B | ||||
| Short Ratio | 3.07 X | ||||
| Earnings Per Share | 3.02 X | ||||
| Target Price | 37.63 | ||||
| Number Of Employees | 131 K | ||||
| Beta | 0.46 | ||||
| Market Capitalization | 7.8 B | ||||
| Total Asset | 16.48 B | ||||
| Retained Earnings | 3.22 B | ||||
| Working Capital | (902.5 M) | ||||
| Current Asset | 2.31 B | ||||
| Current Liabilities | 2.42 B | ||||
| Annual Yield | 0.02 % | ||||
| Five Year Return | 1.69 % | ||||
| Net Asset | 16.48 B | ||||
| Last Dividend Paid | 0.71 |
About Empire Company Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Empire Company Limited's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Empire Company using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Empire Company 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 Empire Company
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 Empire Company 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 Empire Company will appreciate offsetting losses from the drop in the long position's value.Moving against Empire Stock
| 0.9 | IVN | Ivanhoe Mines Earnings Call This Week | PairCorr |
| 0.85 | CNQ | Canadian Natural Res | PairCorr |
| 0.83 | ARX | ARC Resources | PairCorr |
| 0.7 | OSI | Osino Resources Corp | PairCorr |
| 0.48 | GLXY | Galaxy Digital Holdings | PairCorr |
The ability to find closely correlated positions to Empire Company could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Empire Company 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 Empire Company - 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 Empire Company Limited to buy it.
The correlation of Empire Company 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 Empire Company moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Empire Limited 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 Empire Company 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Empire Company 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 Empire Limited information on this page should be used as a complementary analysis to other Empire Company's 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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Empire Stock analysis
When running Empire Company's price analysis, check to measure Empire Company'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 Empire Company is operating at the current time. Most of Empire Company's value examination focuses on studying past and present price action to predict the probability of Empire Company's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Empire Company's price. Additionally, you may evaluate how the addition of Empire Company to your portfolios can decrease your overall portfolio volatility.
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