Premium Income Stock Fundamentals
| PIC-A Stock | CAD 6.11 0.09 1.50% |
Premium Income fundamentals help investors to digest information that contributes to Premium Income's financial success or failures. It also enables traders to predict the movement of Premium Stock. The fundamental analysis module provides a way to measure Premium Income'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 Premium Income stock.
At this time, Premium Income's Total Operating Expenses is comparatively stable compared to the past year. Depreciation And Amortization is likely to gain to about 39.2 M in 2024, whereas Other Operating Expenses is likely to drop slightly above 1.6 M in 2024. Premium | Select Account or Indicator |
Premium Income Company Return On Equity Analysis
Premium Income's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Premium Income Return On Equity | 0.0793 |
Most of Premium Income's fundamental indicators, such as Return On Equity, 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, Premium Income is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Premium Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Premium Income is extremely important. It helps to project a fair market value of Premium Stock properly, considering its historical fundamentals such as Return On Equity. Since Premium Income'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 Premium Income'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 Premium Income's interrelated accounts and indicators.
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For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Based on the latest financial disclosure, Premium Income has a Return On Equity of 0.0793. This is 94.53% lower than that of the Capital Markets sector and 98.82% lower than that of the Financials industry. The return on equity for all Canada stocks is 125.58% lower than that of the firm.
Premium Income Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Premium Income's current stock value. Our valuation model uses many indicators to compare Premium Income value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Premium Income competition to find correlations between indicators driving Premium Income's intrinsic value. More Info.Premium Income is regarded second in return on equity category among its peers. It is regarded third in return on asset category among its peers reporting about 0.48 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Premium Income is roughly 2.08 . At this time, Premium Income's Return On Equity is comparatively stable compared to the past year. 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 Premium Income's earnings, one of the primary drivers of an investment's value.Premium Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Premium Income's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Premium Income could also be used in its relative valuation, which is a method of valuing Premium Income by comparing valuation metrics of similar companies.Premium Income is currently under evaluation in return on equity category among its peers.
Premium Income Current Valuation Drivers
We derive many important indicators used in calculating different scores of Premium Income from analyzing Premium Income's financial statements. These drivers represent accounts that assess Premium Income's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Premium Income's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 64.8M | 136.9M | 122.1M | 81.9M | 94.2M | 127.9M | |
| Enterprise Value | 264.6M | 331.2M | 319.3M | 308.1M | 277.3M | 189.2M |
Premium Fundamentals
| Return On Equity | 0.0793 | ||||
| Return On Asset | 0.0382 | ||||
| Profit Margin | 0.18 % | ||||
| Operating Margin | 0.96 % | ||||
| Current Valuation | 47.26 M | ||||
| Shares Outstanding | 12.99 M | ||||
| Number Of Shares Shorted | 37.76 K | ||||
| Price To Earning | 13.42 X | ||||
| Price To Book | 1.63 X | ||||
| Price To Sales | 3.71 X | ||||
| Revenue | (29.09 M) | ||||
| Gross Profit | (17.63 M) | ||||
| EBITDA | (12.39 M) | ||||
| Net Income | (32.55 M) | ||||
| Cash And Equivalents | 245.23 M | ||||
| Cash Per Share | 21.35 X | ||||
| Total Debt | 229.66 M | ||||
| Debt To Equity | 240.10 % | ||||
| Current Ratio | 1.41 X | ||||
| Book Value Per Share | 4.10 X | ||||
| Cash Flow From Operations | (8.65 M) | ||||
| Short Ratio | 0.62 X | ||||
| Earnings Per Share | 39,080 X | ||||
| Beta | 1.2 | ||||
| Market Capitalization | 78.19 M | ||||
| Total Asset | 237.16 M | ||||
| Working Capital | 7.9 M | ||||
| Annual Yield | 0.16 % | ||||
| Five Year Return | 12.05 % | ||||
| Net Asset | 237.16 M | ||||
| Last Dividend Paid | 1.2 |
About Premium Income Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Premium Income's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Premium Income using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Premium Income 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.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | -170.2 M | -178.7 M | |
| Total Revenue | -33.4 M | -31.8 M | |
| Sales General And Administrative To Revenue | (0.11) | (0.12) | |
| Revenue Per Share | (1.87) | (1.77) | |
| Ebit Per Revenue | 1.28 | 0.88 |
Pair Trading with Premium Income
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 Premium Income 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 Premium Income will appreciate offsetting losses from the drop in the long position's value.Moving against Premium Stock
The ability to find closely correlated positions to Premium Income could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Premium Income 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 Premium Income - 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 Premium Income to buy it.
The correlation of Premium Income 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 Premium Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Premium Income 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 Premium Income 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.Additional Tools for Premium Stock Analysis
When running Premium Income's price analysis, check to measure Premium Income'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 Premium Income is operating at the current time. Most of Premium Income's value examination focuses on studying past and present price action to predict the probability of Premium Income's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Premium Income's price. Additionally, you may evaluate how the addition of Premium Income to your portfolios can decrease your overall portfolio volatility.