Canadian Tire Stock Net Asset
| CTC-A Stock | CAD 166.90 0.42 0.25% |
Canadian Tire's fundamental analysis aims to assess its intrinsic value by examining key economic and financial indicators - such as cash flow records, changes in balance sheet accounts, income statement trends, financial ratios, and relevant microeconomic factors affecting Canadian Stock price.
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Canadian Tire Company Net Asset Analysis
Canadian Tire's 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 Tire Net Asset | 22.24 B |
Most of Canadian Tire's 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 Tire 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.
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Based on the recorded statements, Canadian Tire has a Net Asset of 22.24 B. This is much higher than that of the Specialty Retail sector and significantly higher than that of the Consumer Discretionary industry. The net asset for all Canada 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 Tire's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Canadian Tire could also be used in its relative valuation, which is a method of valuing Canadian Tire by comparing valuation metrics of similar companies.Canadian Tire is currently under evaluation in net asset category among its peers.
Canadian Fundamentals
| Return On Equity | 0.13 | |||
| Return On Asset | 0.0387 | |||
| Profit Margin | 0.05 % | |||
| Operating Margin | 0.09 % | |||
| Current Valuation | 15.67 B | |||
| Shares Outstanding | 50.65 M | |||
| Shares Owned By Insiders | 1.97 % | |||
| Shares Owned By Institutions | 34.12 % | |||
| Number Of Shares Shorted | 1.1 M | |||
| Price To Earning | 16.95 X | |||
| Price To Book | 1.54 X | |||
| Price To Sales | 0.55 X | |||
| Revenue | 16.36 B | |||
| Gross Profit | 5.73 B | |||
| EBITDA | 1.67 B | |||
| Net Income | 887.7 M | |||
| Cash And Equivalents | 1.7 B | |||
| Cash Per Share | 28.04 X | |||
| Total Debt | 1.54 B | |||
| Debt To Equity | 1.86 % | |||
| Current Ratio | 1.91 X | |||
| Book Value Per Share | 107.81 X | |||
| Cash Flow From Operations | 2.06 B | |||
| Short Ratio | 4.42 X | |||
| Earnings Per Share | 14.67 X | |||
| Price To Earnings To Growth | 0.32 X | |||
| Target Price | 175.64 | |||
| Number Of Employees | 13.97 K | |||
| Beta | 1.01 | |||
| Market Capitalization | 9.24 B | |||
| Total Asset | 22.24 B | |||
| Retained Earnings | 5.61 B | |||
| Working Capital | 5.01 B | |||
| Current Asset | 7.39 B | |||
| Current Liabilities | 3.98 B | |||
| Annual Yield | 0.04 % | |||
| Five Year Return | 2.27 % | |||
| Net Asset | 22.24 B | |||
| Last Dividend Paid | 7.08 |
About Canadian Tire Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Canadian Tire's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canadian Tire using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canadian Tire 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 Tire
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 Tire 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 Tire will appreciate offsetting losses from the drop in the long position's value.Moving against Canadian Stock
The ability to find closely correlated positions to Canadian Tire 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 Tire 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 Tire - 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 Tire to buy it.
The correlation of Canadian Tire 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 Tire moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Tire 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 Tire 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 Canadian Stock Analysis
When running Canadian Tire's price analysis, check to measure Canadian Tire'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 Canadian Tire is operating at the current time. Most of Canadian Tire's value examination focuses on studying past and present price action to predict the probability of Canadian Tire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Tire's price. Additionally, you may evaluate how the addition of Canadian Tire to your portfolios can decrease your overall portfolio volatility.