We suggest to use Canadian Tire fundamental analysis to see if markets are presently undervaluing or overvaluing the company. Put another way, you can use it to find out if Canadian Tire is indeed mispriced or if you can make any profits on it by purchasing it and then waiting for the market to recognize its mistake and reprise the security. We were able to interpolate and analyze data for fourty available fundamental indicators for Canadian Tire, which can be compared to its peers. The stock experiences a normal downward trend and little activity. Check odds of Canadian Tire to be traded at C$189.13 in 90 days. Key indicators impacting Canadian Tire's financial strength include:
Understanding current and past Canadian Tire Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Canadian Tire's financial statements are interrelated, with each one affecting the others. For example, an increase in Canadian Tire's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Canadian Tire's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Canadian Tire. Check Canadian Tire's Beneish M Score to see the likelihood of Canadian Tire's management manipulating its earnings.
Canadian Tire Stock Summary
Canadian Tire competes with Dollarama, Loblaw Companies, Restaurant Brands, Canadian National, and Metro. Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. Canadian Tire Corporation, Limited was founded in 1922 and is headquartered in Toronto, Canada. CANADIAN TIRE operates under Specialty Retail classification in Canada and is traded on Toronto Stock Exchange. It employs 13303 people.
Specialization
Consumer Discretionary, Consumer Discretionary Distribution & Retail
You should never invest in Canadian Tire 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 Tire's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Canadian Tire Key Financial Ratios
Canadian Tire's financial ratios allow both analysts and investors to convert raw data from Canadian Tire's financial statements into concise, actionable information that can be used to evaluate the performance of Canadian Tire over time and compare it to other companies across industries.
Comparative valuation techniques use various fundamental indicators to help in determining Canadian Tire's current stock value. Our valuation model uses many indicators to compare Canadian Tire value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Canadian Tire competition to find correlations between indicators driving Canadian Tire's intrinsic value. More Info.
Canadian Tire is number one stock in return on equity category among its peers. It also is number one stock in return on asset category among its peers reporting about 0.27 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Canadian Tire is roughly 3.72 . At this time, Canadian Tire'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 Canadian Tire's earnings, one of the primary drivers of an investment's value.
Canadian Tire Systematic Risk
Canadian Tire's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Canadian Tire 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 fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Canadian Tire correlated with the market. If Beta is less than 0 Canadian Tire generally moves in the opposite direction as compared to the market. If Canadian Tire Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Canadian Tire is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Canadian Tire is generally in the same direction as the market. If Beta > 1 Canadian Tire moves generally in the same direction as, but more than the movement of the benchmark.
Canadian Tire Total Assets Over Time
Today, most investors in Canadian Tire Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Canadian Tire's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Canadian Tire growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of Canadian Tire help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Canadian Tire. We use our internally-developed statistical techniques to arrive at the intrinsic value of Canadian Tire 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 Tire's daily price indicators and compare them against related drivers.
When running Canadian Tire's price analysis, check to measure Canadian Tire'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 Tire is operating at the current time. Most of Canadian Tire's value examination focuses on studying past and present price action to predict the probability of Canadian Tire'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 Tire's price. Additionally, you may evaluate how the addition of Canadian Tire to your portfolios can decrease your overall portfolio volatility.