Major Drilling (Germany) Performance
| 3MJ Stock | EUR 5.65 0.10 1.74% |
On a scale of 0 to 100, Major Drilling holds a performance score of 8. The company secures a Beta (Market Risk) of 0.76, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Major Drilling's returns are expected to increase less than the market. However, during the bear market, the loss of holding Major Drilling is expected to be smaller as well. Please check Major Drilling's mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Major Drilling's current price movements will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Major Drilling Group are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, Major Drilling reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 22.4 M | |
| Total Cashflows From Investing Activities | -85.8 M | |
| Free Cash Flow | 44.9 M |
Major |
Major Drilling Relative Risk vs. Return Landscape
If you would invest 494.00 in Major Drilling Group on September 19, 2024 and sell it today you would earn a total of 71.00 from holding Major Drilling Group or generate 14.37% return on investment over 90 days. Major Drilling Group is currently producing 0.2358% returns and takes up 2.3068% volatility of returns over 90 trading days. Put another way, 20% of traded stocks are less volatile than Major, and 96% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
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Major Drilling Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Major Drilling's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Major Drilling Group, and traders can use it to determine the average amount a Major Drilling's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1022
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Estimated Market Risk
| 2.31 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.24 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 8 92% of assets perform better |
Based on monthly moving average Major Drilling is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Major Drilling by adding it to a well-diversified portfolio.
Major Drilling Fundamentals Growth
Major Stock prices reflect investors' perceptions of the future prospects and financial health of Major Drilling, and Major Drilling fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Major Stock performance.
| Return On Equity | 0.21 | |||
| Return On Asset | 0.11 | |||
| Profit Margin | 0.10 % | |||
| Operating Margin | 0.14 % | |||
| Current Valuation | 530.18 M | |||
| Shares Outstanding | 82.87 M | |||
| Price To Book | 1.87 X | |||
| Price To Sales | 0.86 X | |||
| Revenue | 650.41 M | |||
| EBITDA | 114.09 M | |||
| Cash And Equivalents | 24.78 M | |||
| Cash Per Share | 0.31 X | |||
| Total Debt | 50 M | |||
| Debt To Equity | 4.70 % | |||
| Book Value Per Share | 5.06 X | |||
| Cash Flow From Operations | 94.87 M | |||
| Earnings Per Share | 0.62 X | |||
| Total Asset | 557.08 M | |||
About Major Drilling Performance
By analyzing Major Drilling's fundamental ratios, stakeholders can gain valuable insights into Major Drilling's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Major Drilling has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Major Drilling has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Major Drilling Group International Inc. provides contract drilling services for mining and mineral exploration companies in Canada, the United States, Mexico, South America, Asia, Africa, and Europe. Major Drilling Group International Inc. was founded in 1980 and is headquartered in Moncton, Canada. MAJOR DRILLING operates under Industrial Metals Minerals classification in Germany and is traded on Frankfurt Stock Exchange. It employs 2986 people.Things to note about Major Drilling Group performance evaluation
Checking the ongoing alerts about Major Drilling for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Major Drilling Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Over 80.0% of the company shares are owned by institutions such as pension funds |
- Analyzing Major Drilling's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Major Drilling's stock is overvalued or undervalued compared to its peers.
- Examining Major Drilling's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Major Drilling's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Major Drilling's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Major Drilling's stock. These opinions can provide insight into Major Drilling's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Major Stock analysis
When running Major Drilling's price analysis, check to measure Major Drilling'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 Major Drilling is operating at the current time. Most of Major Drilling's value examination focuses on studying past and present price action to predict the probability of Major Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Major Drilling's price. Additionally, you may evaluate how the addition of Major Drilling to your portfolios can decrease your overall portfolio volatility.
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