Canada Goose Profitability Analysis

GOOS
 Stock
  

USD 16.58  0.60  3.49%   

For Canada Goose profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Canada Goose to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Canada Goose Holdings utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Canada Goose's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Canada Goose Holdings over time as well as its relative position and ranking within its peers. Please check Risk vs Return Analysis.
  
Is Canada Goose'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 Canada Goose. If investors know Canada 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 Canada Goose listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Canada Goose Holdings is measured differently than its book value, which is the value of Canada that is recorded on the company's balance sheet. Investors also form their own opinion of Canada Goose's value that differs from its market value or its book value, called intrinsic value, which is Canada Goose'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 Canada Goose's market value can be influenced by many factors that don't directly affect Canada Goose'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 Canada Goose's value and its price as these two are different measures arrived at by different means. Investors typically determine Canada Goose value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canada Goose'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.

Canada Goose Holdings Total Debt vs. Current Liabilities Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Canada Goose's current stock value. Our valuation model uses many indicators to compare Canada Goose value to that of its competitors to determine the firm's financial worth.
Canada Goose Holdings is one of the top stocks in current liabilities category among related companies. It is rated as one of the top companies in total debt category among related companies making up about  7.23  of Total Debt per Current Liabilities. . Comparative valuation analysis is a catch-all model that can be used if you cannot value Canada Goose by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Canada Goose's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. 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 Canada Goose's earnings, one of the primary drivers of an investment's value.

Canada Total Debt vs. Current Liabilities

Current Liabilities is the company's short term debt. This usually includes obligations that are due within the next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.
Canada Goose 
Current Liabilities 
 = 
Payables 
Accrued Debt 
85.9 M
Current liabilities appear on the company's balance sheet and include all short term debt accounts, accounts and notes payable, accrued liabilities as well as current payments due on the long-term loans. One of the most useful applications of Current Liabilities is the current ratio which is defined as current assets divided by its current liabilities. High current ratios mean that current assets are more than sufficient to pay off current liabilities.
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Canada Goose 
Total Debt 
 = 
Bonds 
+  
Notes 
620.7 M
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.

Canada Total Debt vs Competition

Canada Goose Holdings is rated as one of the top companies in total debt category among related companies. Total debt of Apparel Manufacturing industry is currently estimated at about 706.11 Million. Canada Goose totals roughly 620.7 Million in total debt claiming about 88% of stocks in Apparel Manufacturing industry.
Total debt  Revenue  Workforce  Capitalization  Valuation

Canada Goose Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Canada Goose, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Canada Goose will eventually generate negative long term returns. The profitability progress is the general direction of Canada Goose's change in net profit over the period of time. It can combine multiple indicators of Canada Goose, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Canada Goose Holdings Inc. designs, manufactures, and sells performance luxury apparel for men, women, youth, children, and babies in Canada, the United States, Asia Pacific, Europe, the Middle East, Africa, and Latin America. The company was founded in 1957 and is headquartered in Toronto, Canada. Canada Goose operates under Apparel Manufacturing classification in the United States and is traded on New York Stock Exchange. It employs 4353 people.

Canada Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Canada Goose. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Canada Goose position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Canada Goose's important profitability drivers and their relationship over time.

Use Canada Goose in pair-trading

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

Canada Goose Pair Trading

Canada Goose Holdings Pair Trading Analysis

The ability to find closely correlated positions to Canada Goose could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canada Goose 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 Canada Goose - 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 Canada Goose Holdings to buy it.
The correlation of Canada Goose 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 Canada Goose moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canada Goose Holdings 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 Canada Goose 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

Use Investing Themes to Complement your Canada Goose position

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To fully project Canada Goose's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Canada Goose Holdings at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Canada Goose's income statement, its balance sheet, and the statement of cash flows.
Potential Canada Goose investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Canada Goose investors may work on each financial statement separately, they are all related. The changes in Canada Goose's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Canada Goose's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.