Canadian Spirit Financials

SPI Stock  CAD 0.09  0.01  12.50%   
We suggest to use Canadian Spirit Resources fundamental analysis to find out if markets are presently mispricing the company. Put another way this technique allows you to double-check available reported financial drivers of Canadian Spirit Resources as well as the relationship between them. We were able to interpolate thirty-one available fundamental indicators for Canadian Spirit Resources, which can be compared to its rivals. To ensure the equity is not overpriced, please confirm all Canadian Spirit Resources financials, including its gross profit, book value per share, retained earnings, as well as the relationship between the cash per share and number of employees . The stock experiences a very speculative upward sentiment. Check odds of Canadian Spirit to be traded at C$0.1125 in 90 days.
With this module, you can analyze Canadian financials for your investing period. You should be able to track the changes in Canadian Spirit individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past Canadian Spirit Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Canadian Spirit's financial statements are interrelated, with each one affecting the others. For example, an increase in Canadian Spirit's assets may result in an increase in income on the income statement.
Evaluating Canadian Spirit's financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of Canadian Spirit's profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the Canadian Spirit's relative financial performance

Chance Of Distress

Less than 28

 
100  
 
Zero
Below Average
Canadian Spirit Resources has less than 28 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Canadian Spirit stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, Canadian Spirit's odds of distress score SHOULD NOT be confused with the real chance of Canadian Spirit Resources filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as Canadian is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include Canadian Spirit's liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
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The data published in Canadian Spirit's official financial statements usually reflect Canadian Spirit's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Canadian Spirit Resources. For example, before you start analyzing numbers published by Canadian accountants, it's critical to develop an understanding of what Canadian Spirit's liquidity, profitability, and earnings quality are in the context of the Oil, Gas & Consumable Fuels space in which it operates.
Please note, the presentation of Canadian Spirit's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Canadian Spirit's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Canadian Spirit's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Canadian Spirit Resources. Please utilize our Beneish M Score to check the likelihood of Canadian Spirit's management manipulating its earnings.

Canadian Spirit Company Summary

Canadian Spirit competes with Titan Mining, Lion One, First National, Computer Modelling, and Cogeco Communications. Canadian Spirit Resources Inc., a natural resources company, focuses on the identification, exploration, development, and production of petroleum and natural gas properties in Canada. Canadian Spirit Resources Inc. was incorporated in 1987 and is headquartered in Calgary, Canada. CANADIAN SPIRIT operates under Oil Gas EP classification in Canada and is traded on TSX Venture Exchange.
Foreign Associates
InstrumentCanada Stock View All
ExchangeTSX Venture Exchange
ISINCA1366371054
Business Address140 4th Avenue
SectorOil, Gas & Consumable Fuels
IndustryEnergy
BenchmarkNYSE Composite
Websitewww.csri.ca
Phone403 294 5500
CurrencyCAD - Canadian Dollar
You should never invest in Canadian Spirit without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Canadian Stock, because this is throwing your money away. Analyzing the key information contained in Canadian Spirit's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Canadian Spirit Key Financial Ratios

Generally speaking, Canadian Spirit's financial ratios allow both analysts and investors to convert raw data from Canadian Spirit's financial statements into concise, actionable information that can be used to evaluate the performance of Canadian Spirit over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Canadian Spirit Resources reports annually and quarterly.

Canadian Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Canadian Spirit's current stock value. Our valuation model uses many indicators to compare Canadian Spirit value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Canadian Spirit competition to find correlations between indicators driving Canadian Spirit's intrinsic value. More Info.
Canadian Spirit Resources is currently regarded as top stock in cash flow from operations category among related companies. It is currently regarded as top stock in operating margin category among related companies . . Comparative valuation analysis is a catch-all model that can be used if you cannot value Canadian Spirit by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Canadian Spirit's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Canadian Spirit's earnings, one of the primary drivers of an investment's value.

Canadian Spirit Resources Systematic Risk

Canadian Spirit's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Canadian Spirit volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Canadian Spirit Resources correlated with the market. If Beta is less than 0 Canadian Spirit generally moves in the opposite direction as compared to the market. If Canadian Spirit Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Canadian Spirit Resources is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Canadian Spirit is generally in the same direction as the market. If Beta > 1 Canadian Spirit moves generally in the same direction as, but more than the movement of the benchmark.

About Canadian Spirit Financials

What exactly are Canadian Spirit Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Canadian Spirit's income statement, its balance sheet, and the statement of cash flows. Potential Canadian Spirit investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Canadian Spirit investors may use each financial statement separately, they are all related. The changes in Canadian Spirit's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Canadian Spirit's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Canadian Spirit Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Canadian Spirit is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Canadian has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Canadian Spirit's financials are consistent with your investment objective using the following steps:
  • Review Canadian Spirit's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Canadian Spirit's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Canadian Spirit's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Canadian Spirit's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

Canadian Spirit March 29, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Canadian Spirit help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Canadian Spirit Resources. We use our internally-developed statistical techniques to arrive at the intrinsic value of Canadian Spirit Resources based on widely used predictive technical indicators. In general, we focus on analyzing Canadian Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Canadian Spirit's daily price indicators and compare them against related drivers.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Canadian Spirit Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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When running Canadian Spirit's price analysis, check to measure Canadian Spirit'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 Spirit is operating at the current time. Most of Canadian Spirit's value examination focuses on studying past and present price action to predict the probability of Canadian Spirit'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 Spirit's price. Additionally, you may evaluate how the addition of Canadian Spirit to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Canadian Spirit's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian Spirit is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian Spirit's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.