Solar Alliance Energy Stock Current Valuation
| SOLR Stock | CAD 0.05 0.01 16.67% |
Valuation analysis of Solar Alliance Energy helps investors to measure Solar Alliance's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns. Enterprise Value is likely to climb to about 18.3 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (7.92) in 2024. Fundamental drivers impacting Solar Alliance's valuation include:
Price Book 93.9711 | Enterprise Value 15.3 M | Enterprise Value Ebitda (6.65) | Price Sales 2.602 | Enterprise Value Revenue 2.5451 |
Overvalued
Today
Please note that Solar Alliance's price fluctuation is out of control at this time. Calculation of the real value of Solar Alliance Energy is based on 3 months time horizon. Increasing Solar Alliance's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
The fair value of the Solar stock is determined by what a typical buyer is willing to pay for full or partial control of Solar Alliance Energy. Since Solar Alliance is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Solar Stock. However, Solar Alliance'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 0.05 | Real 0.0441 | Hype 0.05 | Naive 0.0529 |
The intrinsic value of Solar Alliance'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 Solar Alliance'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 Solar Alliance Energy helps investors to forecast how Solar 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 Solar Alliance more accurately as focusing exclusively on Solar Alliance's fundamentals will not take into account other important factors: Solar Alliance Energy Company Current Valuation Analysis
Solar Alliance'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 Solar Alliance Current Valuation | 15.35 M |
Most of Solar Alliance'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, Solar Alliance Energy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Solar Current Valuation Driver Correlations
Understanding the fundamental principles of building solid financial models for Solar Alliance is extremely important. It helps to project a fair market value of Solar Stock properly, considering its historical fundamentals such as Current Valuation. Since Solar Alliance'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 Solar Alliance'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 Solar Alliance's interrelated accounts and indicators.
Click cells to compare fundamentals
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, Solar Alliance Energy has a Current Valuation of 15.35 M. This is 99.92% lower than that of the Semiconductors & Semiconductor Equipment sector and 98.67% lower than that of the Information Technology industry. The current valuation for all Canada stocks is 99.91% higher than that of the company.
Solar Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Solar Alliance'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 Solar Alliance could also be used in its relative valuation, which is a method of valuing Solar Alliance by comparing valuation metrics of similar companies.Solar Alliance is rated below average in current valuation category among its peers.
Solar Fundamentals
| Return On Equity | -6.84 | ||||
| Return On Asset | -0.14 | ||||
| Profit Margin | (0.02) % | ||||
| Operating Margin | 0.12 % | ||||
| Current Valuation | 15.35 M | ||||
| Shares Outstanding | 274.98 M | ||||
| Shares Owned By Insiders | 40.51 % | ||||
| Shares Owned By Institutions | 0.01 % | ||||
| Number Of Shares Shorted | 30.91 K | ||||
| Price To Book | 93.97 X | ||||
| Price To Sales | 2.60 X | ||||
| Revenue | 7.47 M | ||||
| Gross Profit | 663.58 K | ||||
| EBITDA | (605.72 K) | ||||
| Net Income | (1.81 M) | ||||
| Cash And Equivalents | 403.2 K | ||||
| Total Debt | 137.5 K | ||||
| Current Ratio | 0.19 X | ||||
| Book Value Per Share | (0.01) X | ||||
| Cash Flow From Operations | 97.33 K | ||||
| Short Ratio | 0.02 X | ||||
| Target Price | 1.15 | ||||
| Beta | 1.4 | ||||
| Market Capitalization | 15.12 M | ||||
| Total Asset | 1.8 M | ||||
| Retained Earnings | (68.87 M) | ||||
| Working Capital | (2.31 M) | ||||
| Net Asset | 1.8 M |
About Solar Alliance Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Solar Alliance Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Solar Alliance using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Solar Alliance Energy 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 Solar Alliance
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 Solar Alliance 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 Solar Alliance will appreciate offsetting losses from the drop in the long position's value.Moving against Solar Stock
| 0.49 | OSI | Osino Resources Corp | PairCorr |
| 0.47 | DFR | Diamond Fields Resources Earnings Call This Week | PairCorr |
| 0.34 | EBM | Eastwood Bio Medical | PairCorr |
| 0.33 | NG | NovaGold Resources Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Solar Alliance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Solar Alliance 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 Solar Alliance - 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 Solar Alliance Energy to buy it.
The correlation of Solar Alliance 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 Solar Alliance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Solar Alliance Energy 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 Solar Alliance 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.Additional Tools for Solar Stock Analysis
When running Solar Alliance's price analysis, check to measure Solar Alliance'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 Solar Alliance is operating at the current time. Most of Solar Alliance's value examination focuses on studying past and present price action to predict the probability of Solar Alliance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Solar Alliance's price. Additionally, you may evaluate how the addition of Solar Alliance to your portfolios can decrease your overall portfolio volatility.