SiteOne Story

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SITE -- USA Stock  

USD 137.86  3.90  2.91%

The underlying objective of this short story is to digest SiteOne as an investment oportunity for November. We will discuss why recent SiteOne Landscape price moves suggest a bounce in November.
Published over three weeks ago
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Our latest forecast of SiteOne (NYSE:SITE)
SiteOne Landscape is OVERVALUED at 111.60 per share with modest projections ahead. The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. SiteOne Landscape has an asset utilization ratio of 369.37 percent. This indicates that the company is making $3.69 for each dollar of assets. An increasing asset utilization means that SiteOne Landscape Supply is more efficient with each dollar of assets it utilizes for everyday operations.
There are currently many different techniques concerning forecasting the market as a whole as well as predicting future values of individual securities such as SiteOne Landscape. Regardless of method or technology, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.

Predictive Modules for SiteOne Landscape


How important is SiteOne Landscape's Liquidity

SiteOne Landscape financial leverage refers to using borrowed capital as a funding source to finance SiteOne Landscape Supply ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. SiteOne Landscape financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between SiteOne Landscape's total debt and its cash.

How SiteOne utilizes its cash?

To perform a cash flow analysis of SiteOne Landscape, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash SiteOne Landscape is receiving and how much cash it distributes out in a given period. The SiteOne Landscape cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. SiteOne Landscape Net Cash Flow from Operations is projected to decrease significantly based on the last few years of reporting. The past year's Net Cash Flow from Operations was at 16.3 Million

A Deeper look at SiteOne

SiteOne Landscape Supply shows above-average downside volatility for the selected time horizon. We advise investors to inspect SiteOne Landscape Supply further and ensure that all market timing and asset allocation strategies are consistent with the estimation of SiteOne Landscape future alpha.

Returns Breakdown

5.89
Return on Assets
14.41
Return on Investment
Return on Investment14.41
Return on Assets5.89
Return on Equity24.72
Return Capital0.0859
Return on Sales0.0282

Will SiteOne Landscape latest surge continue?

Latest Jensen Alpha is up to 0.08. Price may dip again. SiteOne Landscape Supply shows above-average downside volatility for the selected time horizon. We advise investors to inspect SiteOne Landscape Supply further and ensure that all market timing and asset allocation strategies are consistent with the estimation of SiteOne Landscape future alpha.

Our Conclusion on SiteOne Landscape

Although some companies within the industrial distribution industry are still a little expensive, even after the recent corrections, SiteOne Landscape may offer a potential longer-term growth to shareholders. With a somewhat neutral outlook on your 30 days horizon, it may be better to hold off any trading activity and neither take up new shares of SiteOne nor trade your existing holdings in the Stock. It seems the expected volatility has not yet been fully factored into the current price. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to SiteOne Landscape.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of SiteOne Landscape Supply. Please refer to our Terms of Use for any information regarding our disclosure principles.

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