Profound Medical Corp Stock Working Capital
| PRN Stock | CAD 7.09 0.23 3.14% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess Profound Medical's long-term financial health and intrinsic value.
| Last Reported | Projected for Next Year | ||
| Net Working Capital | 62.5 M | 50 M | |
| Change In Working Capital | 1.7 M | 1.8 M |
Profound | Working Capital |
Profound Medical Corp Company Working Capital Analysis
Profound Medical's Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
More About Working Capital | All Equity Analysis
Working Capital | = | Current Assets | - | Current Liabilities |
Current Profound Medical Working Capital | 62.5 M |
Most of Profound Medical's fundamental indicators, such as Working Capital, 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, Profound Medical Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Profound Working Capital Driver Correlations
Understanding the fundamental principles of building solid financial models for Profound Medical is extremely important. It helps to project a fair market value of Profound Stock properly, considering its historical fundamentals such as Working Capital. Since Profound Medical'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 Profound Medical'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 Profound Medical's interrelated accounts and indicators.
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Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
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Profound Capital Surpluse
Capital Surpluse |
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Based on the company's disclosures, Profound Medical Corp has a Working Capital of 62.5 M. This is 85.32% lower than that of the Health Care Equipment & Supplies sector and 86.51% lower than that of the Health Care industry. The working capital for all Canada stocks is 95.77% higher than that of the company.
Profound Working Capital Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Profound Medical's direct or indirect competition against its Working Capital to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Profound Medical could also be used in its relative valuation, which is a method of valuing Profound Medical by comparing valuation metrics of similar companies.Profound Medical is currently under evaluation in working capital category among its peers.
Profound Medical Current Valuation Drivers
We derive many important indicators used in calculating different scores of Profound Medical from analyzing Profound Medical's financial statements. These drivers represent accounts that assess Profound Medical's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Profound Medical's important valuation drivers and their relationship over time.
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Market Cap | 355.5M | 230.7M | 221.9M | 177.3M | 185.9M | 244.7M | |
| Enterprise Value | 273.2M | 164.9M | 183.6M | 159.0M | 136.1M | 197.4M |
Profound Fundamentals
| Return On Equity | -1.04 | ||||
| Return On Asset | -0.53 | ||||
| Operating Margin | (6.24) % | ||||
| Current Valuation | 177.77 M | ||||
| Shares Outstanding | 30.05 M | ||||
| Shares Owned By Insiders | 17.30 % | ||||
| Shares Owned By Institutions | 45.87 % | ||||
| Number Of Shares Shorted | 106.88 K | ||||
| Price To Book | 4.03 X | ||||
| Price To Sales | 18.58 X | ||||
| Revenue | 10.68 M | ||||
| Gross Profit | 8.22 M | ||||
| EBITDA | (41.56 M) | ||||
| Net Income | (27.82 M) | ||||
| Cash And Equivalents | 27.05 M | ||||
| Cash Per Share | 0.25 X | ||||
| Total Debt | 1.74 M | ||||
| Debt To Equity | 60.50 % | ||||
| Current Ratio | 4.65 X | ||||
| Book Value Per Share | 1.31 X | ||||
| Cash Flow From Operations | (23.45 M) | ||||
| Short Ratio | 5.73 X | ||||
| Earnings Per Share | (2.02) X | ||||
| Target Price | 25.03 | ||||
| Number Of Employees | 142 | ||||
| Beta | 0.22 | ||||
| Market Capitalization | 219.99 M | ||||
| Total Asset | 70.23 M | ||||
| Retained Earnings | (245.17 M) | ||||
| Working Capital | 62.5 M | ||||
| Net Asset | 70.23 M |
About Profound Medical Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Profound Medical Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Profound Medical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Profound Medical Corp 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 Profound Medical
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 Profound Medical 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 Profound Medical will appreciate offsetting losses from the drop in the long position's value.Moving together with Profound Stock
Moving against Profound Stock
| 0.91 | GWO-PQ | Great Wes 515 | PairCorr |
| 0.88 | HD | HOME DEPOT CDR | PairCorr |
| 0.88 | SAP | Saputo Inc | PairCorr |
| 0.85 | TJX | TJX Companies, | PairCorr |
| 0.82 | VWA | VOLKSWAGEN CDR | PairCorr |
The ability to find closely correlated positions to Profound Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Profound Medical 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 Profound Medical - 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 Profound Medical Corp to buy it.
The correlation of Profound Medical 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 Profound Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Profound Medical Corp 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 Profound Medical 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Profound Medical Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.