Enerplus Historical Financial Ratios
| ERF Stock | CAD 28.06 0.15 0.54% |
Enerplus is recently reporting on over 94 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 1.58 or Days Sales Outstanding of 52.61 will help investors to properly organize and evaluate Enerplus financial condition quickly.
Enerplus |
About Enerplus Financial Ratios Analysis
EnerplusFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Enerplus investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Enerplus financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Enerplus history.
Enerplus Financial Ratios Chart
Enerplus financial ratios usually calculated using numerical values taken directly from Enerplus financial statements such as income statements or balance sheets. They help investors to obtain meaningful information about Enerplus. Most financial ratios help to conduct quantitative analysis to assess vital information about the company's valuation as well as profitability and liquidity indicators such as leverage, growth, profit margins, and different types of rates of return.
At this time, Enerplus' Sales General And Administrative To Revenue is very stable compared to the past year. As of the 27th of April 2024, Average Inventory is likely to grow to about 162.1 M, while Dividend Yield is likely to drop 0.01. Add Fundamental
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Enerplus stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Enerplus sales, a figure that is much harder to manipulate than other Enerplus multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.Dividend Yield
Dividend Yield is Enerplus dividend as a percentage of Enerplus stock price. Enerplus dividend yield is a measure of Enerplus stock productivity, which can be interpreted as interest rate earned on an Enerplus investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Most ratios from Enerplus' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Enerplus current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enerplus. 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. To learn how to invest in Enerplus Stock, please use our How to Invest in Enerplus guide.At this time, Enerplus' Sales General And Administrative To Revenue is very stable compared to the past year. As of the 27th of April 2024, Average Inventory is likely to grow to about 162.1 M, while Dividend Yield is likely to drop 0.01.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0122 | 0.0101 | 0.015 | 0.0143 | Price To Sales Ratio | 2.0 | 1.75 | 1.91 | 3.15 |
Enerplus fundamentals Correlations
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Enerplus Account Relationship Matchups
High Positive Relationship
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Enerplus fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 1.85 | 1.07 | 2.0 | 1.75 | 1.91 | 3.15 | |
| Ptb Ratio | 1.9 | 2.11 | 4.33 | 3.83 | 2.64 | 1.58 | |
| Days Sales Outstanding | 49.39 | 36.82 | 63.06 | 42.9 | 57.83 | 52.61 | |
| Book Value Per Share | 4.87 | 1.89 | 2.42 | 4.6 | 5.81 | 5.52 | |
| Free Cash Flow Yield | 0.0328 | 0.0225 | 0.0913 | 0.12 | 0.17 | 0.13 | |
| Invested Capital | 0.45 | 0.98 | 1.2 | 0.26 | 0.17 | 0.34 | |
| Operating Cash Flow Per Share | 2.3 | 1.58 | 2.4 | 5.02 | 4.44 | 3.69 | |
| Capex To Depreciation | (0.73) | (0.23) | (0.75) | (1.46) | (1.37) | (1.44) | |
| Pb Ratio | 1.9 | 2.11 | 4.33 | 3.83 | 2.64 | 1.58 | |
| Ev To Sales | 2.27 | 2.19 | 1.46 | 1.86 | 2.0 | 3.73 | |
| Free Cash Flow Per Share | 0.21 | 0.36 | 1.29 | 3.08 | 1.83 | 1.92 | |
| Roic | 0.14 | 0.0479 | 0.25 | 0.72 | 0.33 | 0.34 | |
| Inventory Turnover | 112.94 | 260.66 | 140.09 | 27.28 | 331.5 | 314.93 | |
| Net Income Per Share | (0.86) | (3.26) | 0.93 | 3.91 | 2.16 | 1.17 | |
| Days Of Inventory On Hand | 3.23 | 1.4 | 2.61 | 13.38 | 1.1 | 1.05 | |
| Payables Turnover | 6.43 | 6.4 | 3.04 | 3.46 | 3.56 | 2.92 | |
| Sales General And Administrative To Revenue | 0.0483 | 0.0546 | 0.0431 | 0.0297 | 0.0388 | 0.0708 | |
| Capex To Revenue | (0.37) | (0.42) | (0.33) | (0.21) | (0.19) | (0.34) | |
| Cash Per Share | 0.5 | 0.4 | 0.24 | 0.3 | 0.39 | 0.22 | |
| Pocfratio | 4.03 | 2.53 | 4.36 | 3.52 | 3.45 | 6.41 | |
| Interest Coverage | 7.31 | 2.3 | 17.2 | 52.46 | 33.25 | 34.91 | |
| Capex To Operating Cash Flow | (0.91) | (0.77) | (0.46) | (0.39) | (0.59) | (0.62) | |
| Pfcf Ratio | 44.43 | 10.95 | 8.14 | 5.72 | 8.38 | 7.96 | |
| Days Payables Outstanding | 56.75 | 57.02 | 119.88 | 105.54 | 102.44 | 97.32 | |
| Income Quality | (2.67) | (0.48) | 2.58 | 1.28 | 2.06 | 1.75 | |
| Roe | (0.18) | (1.72) | 0.38 | 0.85 | 0.37 | 0.39 | |
| Ev To Operating Cash Flow | 4.76 | 3.45 | 5.47 | 3.72 | 3.6 | 3.42 | |
| Pe Ratio | (10.76) | (1.22) | 11.25 | 4.51 | 7.1 | 6.74 | |
| Return On Tangible Assets | 0.15 | (0.11) | (0.63) | 0.47 | 0.22 | 0.23 | |
| Ev To Free Cash Flow | 52.51 | 14.96 | 10.21 | 6.06 | 8.76 | 8.32 | |
| Earnings Yield | (0.0929) | (0.82) | 0.0889 | 0.22 | 0.14 | 0.15 | |
| Intangibles To Total Assets | 0.21 | 0.0756 | (0.002856) | (0.009369) | (0.008432) | (0.00801) | |
| Net Debt To E B I T D A | 0.65 | 0.39 | 0.84 | 1.15 | 0.15 | 0.14 | |
| Tangible Book Value Per Share | 3.39 | 1.89 | 2.42 | 4.6 | 5.81 | 10.56 |
Pair Trading with Enerplus
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 Enerplus 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 Enerplus will appreciate offsetting losses from the drop in the long position's value.Moving together with Enerplus Stock
| 0.92 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.8 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.61 | ENS-PA | E Split Corp | PairCorr |
The ability to find closely correlated positions to Enerplus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enerplus 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 Enerplus - 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 Enerplus to buy it.
The correlation of Enerplus 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 Enerplus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enerplus 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 Enerplus 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enerplus. 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. To learn how to invest in Enerplus Stock, please use our How to Invest in Enerplus guide.Note that the Enerplus information on this page should be used as a complementary analysis to other Enerplus' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for Enerplus Stock analysis
When running Enerplus' price analysis, check to measure Enerplus' 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 Enerplus is operating at the current time. Most of Enerplus' value examination focuses on studying past and present price action to predict the probability of Enerplus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enerplus' price. Additionally, you may evaluate how the addition of Enerplus to your portfolios can decrease your overall portfolio volatility.
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