Granite Real Estate Stock EBITDA
| GRP-UN Stock | USD 53.50 0.50 0.94% |
Granite Real Estate fundamentals help investors to digest information that contributes to Granite Real's financial success or failures. It also enables traders to predict the movement of Granite Stock. The fundamental analysis module provides a way to measure Granite Real'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 Granite Real stock.
| Last Reported | Projected for Next Year | ||
| EBITDA | 395.7 M | 415.4 M |
Granite | EBITDA |
Granite Real Estate Company EBITDA Analysis
Granite Real's EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Current Granite Real EBITDA | 395.65 M |
Most of Granite Real's fundamental indicators, such as EBITDA, 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, Granite Real Estate is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Granite EBITDA Driver Correlations
Understanding the fundamental principles of building solid financial models for Granite Real is extremely important. It helps to project a fair market value of Granite Stock properly, considering its historical fundamentals such as EBITDA. Since Granite Real'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 Granite Real'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 Granite Real's interrelated accounts and indicators.
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In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
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Granite Ebitda
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According to the company disclosure, Granite Real Estate reported earnings before interest,tax, depreciation and amortization of 395.65 M. This is 46.71% lower than that of the Real Estate Management & Development sector and significantly higher than that of the Real Estate industry. The ebitda for all United States stocks is 89.85% higher than that of the company.
Granite EBITDA Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Granite Real's direct or indirect competition against its EBITDA to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Granite Real could also be used in its relative valuation, which is a method of valuing Granite Real by comparing valuation metrics of similar companies.Granite Real is currently under evaluation in ebitda category among its peers.
Granite Real Current Valuation Drivers
We derive many important indicators used in calculating different scores of Granite Real from analyzing Granite Real's financial statements. These drivers represent accounts that assess Granite Real's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Granite Real's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 3.2B | 4.8B | 6.7B | 4.4B | 4.8B | 5.1B | |
| Enterprise Value | 4.1B | 6.2B | 8.8B | 7.3B | 7.8B | 8.2B |
Granite Fundamentals
| Return On Equity | 0.0428 | ||||
| Return On Asset | 0.0282 | ||||
| Profit Margin | 0.42 % | ||||
| Operating Margin | 0.78 % | ||||
| Current Valuation | 5.64 B | ||||
| Shares Outstanding | 62.74 M | ||||
| Shares Owned By Insiders | 0.31 % | ||||
| Shares Owned By Institutions | 72.30 % | ||||
| Number Of Shares Shorted | 193.09 K | ||||
| Price To Book | 0.85 X | ||||
| Price To Sales | 6.41 X | ||||
| Revenue | 521.25 M | ||||
| Gross Profit | 380.36 M | ||||
| EBITDA | 395.65 M | ||||
| Net Income | 138.5 M | ||||
| Total Debt | 3.1 B | ||||
| Book Value Per Share | 86.53 X | ||||
| Cash Flow From Operations | 313.18 M | ||||
| Short Ratio | 17.86 X | ||||
| Earnings Per Share | 2.61 X | ||||
| Target Price | 66.85 | ||||
| Number Of Employees | 69 | ||||
| Beta | 1.18 | ||||
| Market Capitalization | 3.47 B | ||||
| Total Asset | 9.07 B | ||||
| Retained Earnings | 1.63 B | ||||
| Working Capital | (232.79 M) | ||||
| Annual Yield | 0.05 % | ||||
| Net Asset | 9.07 B | ||||
| Last Dividend Paid | 3.26 |
About Granite Real Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Granite Real Estate's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Granite Real using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Granite Real Estate 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 Granite Real
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 Granite Real 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 Granite Real will appreciate offsetting losses from the drop in the long position's value.Moving against Granite Stock
The ability to find closely correlated positions to Granite Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Granite Real 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 Granite Real - 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 Granite Real Estate to buy it.
The correlation of Granite Real 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 Granite Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Granite Real Estate 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 Granite Real 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 Granite Stock
Granite Real financial ratios help investors to determine whether Granite 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 Granite with respect to the benefits of owning Granite Real security.