Step Energy Services Stock Net Asset
| STEP Stock | CAD 4.52 0.07 1.57% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess STEP Energy's long-term financial health and intrinsic value.
STEP |
STEP Energy Services Company Net Asset Analysis
STEP Energy'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 STEP Energy Net Asset | 580.63 M |
Most of STEP Energy'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, STEP Energy Services 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.
| Competition |
Based on the recorded statements, STEP Energy Services has a Net Asset of 580.63 M. This is much higher than that of the Energy Equipment & Services sector and significantly higher than that of the Energy industry. The net asset for all Canada stocks is notably lower than that of the firm.
STEP Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses STEP Energy'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 STEP Energy could also be used in its relative valuation, which is a method of valuing STEP Energy by comparing valuation metrics of similar companies.STEP Energy is currently under evaluation in net asset category among its peers.
STEP Fundamentals
| Return On Equity | -0.039 | ||||
| Return On Asset | 0.0374 | ||||
| Profit Margin | (0.02) % | ||||
| Operating Margin | 0.12 % | ||||
| Current Valuation | 436.56 M | ||||
| Shares Outstanding | 72.1 M | ||||
| Shares Owned By Insiders | 1.00 % | ||||
| Shares Owned By Institutions | 75.81 % | ||||
| Number Of Shares Shorted | 485.48 K | ||||
| Price To Earning | 3.51 X | ||||
| Price To Book | 0.83 X | ||||
| Price To Sales | 0.34 X | ||||
| Revenue | 954.97 M | ||||
| Gross Profit | 88.42 M | ||||
| EBITDA | 127.37 M | ||||
| Net Income | 1.76 M | ||||
| Cash And Equivalents | 4.36 M | ||||
| Cash Per Share | 0.02 X | ||||
| Total Debt | 210.11 M | ||||
| Debt To Equity | 60.20 % | ||||
| Current Ratio | 1.77 X | ||||
| Book Value Per Share | 5.46 X | ||||
| Cash Flow From Operations | 146.06 M | ||||
| Short Ratio | 15.00 X | ||||
| Earnings Per Share | (0.21) X | ||||
| Target Price | 5.04 | ||||
| Number Of Employees | 1.25 K | ||||
| Beta | 1.47 | ||||
| Market Capitalization | 322.98 M | ||||
| Total Asset | 580.63 M | ||||
| Retained Earnings | (144.57 M) | ||||
| Working Capital | 35.35 M | ||||
| Net Asset | 580.63 M |
About STEP Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze STEP Energy Services's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of STEP Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of STEP Energy Services 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 STEP Energy
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 STEP Energy 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 STEP Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with STEP Stock
| 0.85 | ENB-PFC | Enbridge Pref 11 Earnings Call Tomorrow | PairCorr |
| 0.82 | ENB-PFU | Enbridge Pref L Earnings Call Tomorrow | PairCorr |
Moving against STEP Stock
| 0.78 | DFR | Diamond Fields Resources | PairCorr |
| 0.65 | ENS-PA | E Split Corp | PairCorr |
| 0.61 | SAGE | Sage Potash Corp | PairCorr |
| 0.45 | DFN-PA | Dividend 15 Split | PairCorr |
| 0.41 | HPQ | HPQ Silicon Resources | PairCorr |
The ability to find closely correlated positions to STEP Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace STEP Energy 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 STEP Energy - 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 STEP Energy Services to buy it.
The correlation of STEP Energy 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 STEP Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if STEP Energy Services 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 STEP Energy 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 STEP Stock
STEP Energy financial ratios help investors to determine whether STEP 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 STEP with respect to the benefits of owning STEP Energy security.