Canfor Stock Price To Book
| CFP Stock | CAD 12.23 0.20 1.66% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess Canfor's long-term financial health and intrinsic value.
Canfor |
Canfor Company Price To Book Analysis
Canfor's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current Canfor Price To Book | 0.49 X |
Most of Canfor's fundamental indicators, such as Price To Book, 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, Canfor is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
| Competition |
Based on the latest financial disclosure, Canfor has a Price To Book of 0.4893 times. This is 95.98% lower than that of the Paper & Forest Products sector and 80.51% lower than that of the Materials industry. The price to book for all Canada stocks is 94.85% higher than that of the company.
Canfor Price To Book Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Canfor's direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Canfor could also be used in its relative valuation, which is a method of valuing Canfor by comparing valuation metrics of similar companies.Canfor is currently under evaluation in price to book category among its peers.
Canfor Fundamentals
| Return On Equity | -0.19 | ||||
| Return On Asset | -0.0407 | ||||
| Profit Margin | (0.12) % | ||||
| Operating Margin | (0.04) % | ||||
| Current Valuation | 2.1 B | ||||
| Shares Outstanding | 116.74 M | ||||
| Shares Owned By Insiders | 54.76 % | ||||
| Shares Owned By Institutions | 10.52 % | ||||
| Number Of Shares Shorted | 2.25 M | ||||
| Price To Earning | 12.53 X | ||||
| Price To Book | 0.49 X | ||||
| Price To Sales | 0.27 X | ||||
| Revenue | 5.25 B | ||||
| Gross Profit | 1.03 B | ||||
| EBITDA | (5.2 M) | ||||
| Net Income | (736.2 M) | ||||
| Cash And Equivalents | 259.3 M | ||||
| Cash Per Share | 1.54 X | ||||
| Total Debt | 154.9 M | ||||
| Debt To Equity | 0.35 % | ||||
| Current Ratio | 2.07 X | ||||
| Book Value Per Share | 25.98 X | ||||
| Cash Flow From Operations | 174.2 M | ||||
| Short Ratio | 10.27 X | ||||
| Earnings Per Share | (5.46) X | ||||
| Target Price | 15.86 | ||||
| Number Of Employees | 6.63 K | ||||
| Beta | 1.72 | ||||
| Market Capitalization | 1.4 B | ||||
| Total Asset | 5.57 B | ||||
| Retained Earnings | 2.27 B | ||||
| Working Capital | 841.9 M | ||||
| Current Asset | 990.8 M | ||||
| Current Liabilities | 635.1 M | ||||
| Net Asset | 5.57 B |
About Canfor Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Canfor's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canfor using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canfor 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 Canfor
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 Canfor 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 Canfor will appreciate offsetting losses from the drop in the long position's value.Moving against Canfor Stock
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| 0.59 | RDG | Ridgeline Minerals Corp | PairCorr |
| 0.59 | GOLD | GoldMining | PairCorr |
| 0.57 | ONE | 01 Communique Laboratory | PairCorr |
The ability to find closely correlated positions to Canfor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canfor 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 Canfor - 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 Canfor to buy it.
The correlation of Canfor 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 Canfor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canfor 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 Canfor 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 Canfor Stock
Canfor financial ratios help investors to determine whether Canfor 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 Canfor with respect to the benefits of owning Canfor security.