Altagas Stock Cash Flow From Operations
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess AltaGas' long-term financial health and intrinsic value.
AltaGas |
AltaGas Company Cash Flow From Operations Analysis
AltaGas' Operating Cash Flow reveals the quality of a company's reported earnings and is calculated by deducting company's income taxes from earnings before interest, taxes, and depreciation (EBITDA). In other words, Operating Cash Flow refers to the amount of cash a firm generates from the sales or products or from rendering services. Operating Cash Flow typically excludes costs associated with long-term investments or investment in marketable securities and is usually used by investors or analysts to check on the quality of a company's earnings.
Current AltaGas Cash Flow From Operations | 1.54 B |
Most of AltaGas' fundamental indicators, such as Cash Flow From Operations, 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, AltaGas is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Operating Cash Flow shows the difference between reported income and actual cash flows of the company. If a firm does not have enough cash or cash equivalents to cover its current liabilities, then both investors and management should be concerned about the company having enough liquid resources to meet current and long term debt obligations.
CompetitionIn accordance with the recently published financial statements, AltaGas has 1.54 B in Cash Flow From Operations. This is much higher than that of the Oil, Gas & Consumable Fuels sector and significantly higher than that of the Energy industry. The cash flow from operations for all Canada stocks is 58.36% lower than that of the firm.
AltaGas Cash Flow From Operations Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses AltaGas' direct or indirect competition against its Cash Flow From Operations to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of AltaGas could also be used in its relative valuation, which is a method of valuing AltaGas by comparing valuation metrics of similar companies.AltaGas is currently under evaluation in cash flow from operations category among its peers.
AltaGas Fundamentals
| Return On Equity | 0.0661 | ||||
| Return On Asset | 0.0294 | ||||
| Profit Margin | 0.05 % | ||||
| Operating Margin | 0.16 % | ||||
| Current Valuation | 22.62 B | ||||
| Shares Outstanding | 299.06 M | ||||
| Shares Owned By Insiders | 0.61 % | ||||
| Shares Owned By Institutions | 36.00 % | ||||
| Number Of Shares Shorted | 2.6 M | ||||
| Price To Earning | 14.61 X | ||||
| Price To Book | 1.38 X | ||||
| Price To Sales | 0.94 X | ||||
| Revenue | 12.45 B | ||||
| Gross Profit | 3.27 B | ||||
| EBITDA | 1.68 B | ||||
| Net Income | 608 M | ||||
| Cash And Equivalents | 85 M | ||||
| Cash Per Share | 0.10 X | ||||
| Total Debt | 868 M | ||||
| Debt To Equity | 0.94 % | ||||
| Current Ratio | 0.76 X | ||||
| Book Value Per Share | 29.12 X | ||||
| Cash Flow From Operations | 1.54 B | ||||
| Short Ratio | 4.65 X | ||||
| Earnings Per Share | 1.88 X | ||||
| Price To Earnings To Growth | 1.92 X | ||||
| Target Price | 42.64 | ||||
| Number Of Employees | 30 | ||||
| Beta | 0.53 | ||||
| Market Capitalization | 12.04 B | ||||
| Total Asset | 26.09 B | ||||
| Retained Earnings | (592 M) | ||||
| Working Capital | (681 M) | ||||
| Current Asset | 1.04 B | ||||
| Current Liabilities | 947.7 M | ||||
| Annual Yield | 0.03 % | ||||
| Five Year Return | 7.40 % | ||||
| Net Asset | 26.09 B | ||||
| Last Dividend Paid | 1.21 |
Pair Trading with AltaGas
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 AltaGas 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 AltaGas will appreciate offsetting losses from the drop in the long position's value.Moving together with AltaGas Stock
| 0.64 | ENB-PFC | Enbridge Pref 11 Earnings Call Tomorrow | PairCorr |
Moving against AltaGas Stock
| 0.53 | DFN-PA | Dividend 15 Split | PairCorr |
| 0.52 | SAGE | Sage Potash Corp | PairCorr |
| 0.46 | ENS-PA | E Split Corp | PairCorr |
| 0.43 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.31 | VZ | Verizon Communications | PairCorr |
The ability to find closely correlated positions to Cummins could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cummins 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 Cummins - 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 Cummins to buy it.
The correlation of Cummins 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 Cummins moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cummins 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 Cummins 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.Other Information on Investing in AltaGas Stock
AltaGas financial ratios help investors to determine whether AltaGas Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in AltaGas with respect to the benefits of owning AltaGas security.