ChampionX Return On Equity

CHX
 Stock
  

USD 30.93  0.13  0.42%   

ChampionX fundamentals help investors to digest information that contributes to ChampionX's financial success or failures. It also enables traders to predict the movement of ChampionX Stock. The fundamental analysis module provides a way to measure ChampionX'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 ChampionX stock.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  
Average Equity is likely to drop to about 1.7 B in 2022.

ChampionX Return On Equity Analysis

ChampionX'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.
 2019 2020 2021 2022 (projected)
Receivables219.87 M559.54 M584.44 M630.58 M
Inventories211.34 M430.11 M542.91 M585.77 M
Return on Equity 
 = 
Net Income 
Total Equity 
X
100 
More About Return On Equity | All Equity Analysis

Current ChampionX Return On Equity

    
  0.08 %  
Most of ChampionX'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, ChampionX is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

ChampionX Return On Equity Driver Correlations

Understanding the fundamental principles of building solid financial models for ChampionX is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Return On Equity. Since ChampionX'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 ChampionX'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 ChampionX's interrelated accounts and indicators.

ChampionX Return On Equity Historical Pattern

Today, most investors in ChampionX Stock are looking for potential investment opportunities by analyzing not only static indicators but also various ChampionX's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's return on equity growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of ChampionX return on equity as a starting point in their analysis.
   ChampionX Return On Equity   
Share
       Timeline  
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.
Compare to competition

ChampionX Shareholders Equity

Shareholders Equity

1.53 Billion

ChampionX Shareholders Equity is fairly stable at the moment as compared to the past year. ChampionX reported Shareholders Equity of 1.77 Billion in 2021
Based on the latest financial disclosure, ChampionX has a Return On Equity of 0.0787%. This is 103.97% lower than that of the Energy Equipment & Services sector and 100.45% lower than that of the Energy industry. The return on equity for all United States stocks is 125.39% lower than that of the firm.

ChampionX Return On Equity Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ChampionX'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 ChampionX could also be used in its relative valuation, which is a method of valuing ChampionX by comparing valuation metrics of similar companies.
ChampionX is currently under evaluation in return on equity category among related companies.

ChampionX Current Valuation Drivers

We derive many important indicators used in calculating different scores of ChampionX from analyzing ChampionX's financial statements. These drivers represent accounts that assess ChampionX's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of ChampionX's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Earnings Before Interest Taxes and Depreciation Amortization EBITDA147.46 M223.33 M167.09 M(568.42 M)354.41 M382.39 M
Earnings Before Interest Taxes and Depreciation Amortization USD201.15 M273.01 M217.63 M(498.23 M)440.95 M475.76 M
Earnings before Tax87.42 M120.9 M58.39 M(764.33 M)151.74 M163.72 M
Free Cash Flow42.94 M107.17 M120.72 M274.58 M315.78 M261.19 M
Invested Capital489.62 M1.2 B1.12 B2.54 B2.21 B1.93 B
Tangible Asset Value658.02 M784.44 M773 M2.32 B2.43 B2.01 B
Working Capital290.99 M317.47 M293.76 M643.28 M658.58 M582.8 M

ChampionX Fundamentals

About ChampionX Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze ChampionX's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ChampionX using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ChampionX 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 ReportedProjected for 2022
Average Equity1.7 B1.7 B

ChampionX Investors Sentiment

The influence of ChampionX's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in ChampionX. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to ChampionX's public news can be used to forecast risks associated with investment in ChampionX. The trend in average sentiment can be used to explain how an investor holding ChampionX can time the market purely based on public headlines and social activities around ChampionX. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
ChampionX's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for ChampionX's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average ChampionX's news discussions. The higher the estimated score, the more favorable is the investor's outlook on ChampionX.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ChampionX in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ChampionX's short interest history, or implied volatility extrapolated from ChampionX options trading.

Pair Trading with ChampionX

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 ChampionX 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 ChampionX will appreciate offsetting losses from the drop in the long position's value.

Moving together with ChampionX

+0.9XPROExpro Group Holdings Upward RallyPairCorr
+0.93APAAPA Corporation Potential GrowthPairCorr
+0.85ARCHArch Resources Normal TradingPairCorr

Moving against ChampionX

-0.61PBRPetroleo Brasileiro TrendingPairCorr
The ability to find closely correlated positions to ChampionX could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ChampionX 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 ChampionX - 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 ChampionX to buy it.
The correlation of ChampionX is a statistical measure of how it moves in relation to other equities. 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 ChampionX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ChampionX 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 ChampionX 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.
Pair CorrelationCorrelation Matching
Continue to ChampionX Piotroski F Score and ChampionX Altman Z Score analysis. Note that the ChampionX information on this page should be used as a complementary analysis to other ChampionX's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Global Correlations module to find global opportunities by holding instruments from different markets.

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When running ChampionX price analysis, check to measure ChampionX'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 ChampionX is operating at the current time. Most of ChampionX's value examination focuses on studying past and present price action to predict the probability of ChampionX's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move ChampionX's price. Additionally, you may evaluate how the addition of ChampionX to your portfolios can decrease your overall portfolio volatility.
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Is ChampionX's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ChampionX. If investors know ChampionX will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ChampionX listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.59) 
Market Capitalization
6.2 B
Quarterly Revenue Growth YOY
0.25
Return On Assets
0.0596
Return On Equity
0.0787
The market value of ChampionX is measured differently than its book value, which is the value of ChampionX that is recorded on the company's balance sheet. Investors also form their own opinion of ChampionX's value that differs from its market value or its book value, called intrinsic value, which is ChampionX's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ChampionX's market value can be influenced by many factors that don't directly affect ChampionX's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ChampionX's value and its price as these two are different measures arrived at by different means. Investors typically determine ChampionX value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ChampionX's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.