Trinidad Drilling Ltd. (TSX:TDG) has seen cash flow growth over the past year of -8.47922. Cash flow and cash flow growth can reveal to an investor how quickly the firm is generating inflows of cash from their business operations.
Keeping watch on technicals may involve many different plans and scenarios. Investors may be seeking to get some clarity about a certain stock’s history, and eventually try to project the future. With so much historical data available, investors may choose to look at many different time frames when examining a stock. Going back days, months, of even years, may help broaden the scope and help investors see the bigger picture. When companies gear up to release the next round of quarterly earnings results, investors will be closely watching to see how profitable the overall quarter was. Occasionally, low expectations may provide ample impetus for future stock gains. Per usual, there will most likely be big winners and losers depending on the strength of the individual reports.
In taking a look at some other key growth stats we note that the one year Growth EBIT ratio stands at -0.25214 for Trinidad Drilling Ltd. (TSX:TDG) and is a calculation of one year growth in earnings before interest and taxes. The one year EBITDA growth number stands at 0.80809 which is calculated similarly to EBIT Growth with just the addition of amortization.
Taking even a further look we note that the 1 year Free Cash Flow (FCF) Growth is at 0.77566. The one year growth in Net Profit after Tax is 6.29304 and lastly sales growth was 0.30376.
Trinidad Drilling Ltd. (TSX:TDG) has a present suggested portfolio ownership rate of 0.07000 (as a decimal) ownership. Target weight is the volatility adjusted recommended position size for a stock in your portfolio. The maximum target weight is 7% for any given holding. The indicator is based off of the 100 day volatility reading and calculates a target weight accordingly. The more recent volatility of a stock, the lower the target weight will be. The 3-month volatility stands at 16.478600 (decimal). This is the normal returns and standard deviation of the stock price over three months annualized.
Diving down into some additional near-term indicators we see that the Capex to PPE ratio stands at 0.133463 for Trinidad Drilling Ltd. (TSX:TDG). The Capex to PPE ratio shows you how capital intensive a company is. Stocks with an increasing (year over year) ratio may be moving to be more capital intensive and often underperform the market. Higher Capex also often means lower Free Cash Flow (Operating cash flow – Capex) generation and lower dividends as companies don’t have the cash to pay dividends if they are investing more in the business.
Under recent market conditions, it may be quite difficult to be overly bearish. Most signs seem to be pointing in the right direction as investors keep concentrating on superior returns from the stock market. At this point in time, investors may have to make the tough decision whether to be fully invested in the stock market, or keep some cash handy on the sidelines. As we have seen, there will be a few days or weeks where market action may spur some second guessing, but the bulls seem they are still going to keep running. Many investors may be crafting plans for when the good times inevitably come to an end. Being prepared for market changes may help weather the storm when it comes.
In looking at some key ratios we note that the Piotroski F Score stands at 6 (1 to 10 scale) and the ERP5 rank holds steady at 11711. The Q.I. Value of Trinidad Drilling Ltd. (TSX:TDG) currently reads 58.00000 on the Quant scale. The Free Cash Flow score of 0.208099 is also swinging some momentum at investors. The Canada based firm is currently valued at 61.
Some other notable ratios include the Accrual Ratio of -0.642829, the Altman Z score of 0.024896, a Montier C-Score of 3.00000 and a Value Composite rank of 28.
Investors may be doing a portfolio evaluation as we head into the second half of the calendar year. Assessing results from the first half may help identify what went right, and what went wrong. Many investors may have missed the charge, and they keep hoping for stocks to retreat to go on a buying spree. Gaining a solid grasp on the markets may take years to truly figure out. Combining technical analysis and tracking fundamentals may provide a large boost of confidence to the investor. Being able to sift through the countless chatter may take some perseverance and extreme focus. Creating a winning portfolio might only be a few sharp trades away.
In addition to Capex to PPE we can look at Cash Flow to Capex. This ration compares a stock’s operating cash flow to its capital expenditure and can identify if a firm can generate enough cash to meet investment needs. Investors are looking for a ratio greater than one, which indicates that the firm can meet that need. Comparing to other firms in the same industry is relevant for this ratio. Trinidad Drilling Ltd. (TSX:TDG)’s Cash Flow to Capex stands at 0.777591.
One of the most famous sayings in the stock market is “buy low, sell high”. This may seem like an oversimplified statement, but there are many novice investors who often do the complete opposite. Many investors may be looking too closely at stocks that have been on the rise, and they might not be checking on the underlying fundamental data. They may be hoping to ride the wave higher, but may end up shaking their heads. On the flip side, many investors may hold onto stocks for far too long after they have slipped drastically. Waiting for a bounce that may never come can cause frustration and plenty of second guessing. Successful investors are typically able to locate stocks that are undervalued at a certain price. This may take a lot of practice and dedication, but it may do wonders for the health of the portfolio.