Latest news with #Delorean
Yahoo
3 days ago
- Business
- Yahoo
Boasting A 42% Return On Equity, Is Delorean Corporation Limited (ASX:DEL) A Top Quality Stock?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. We'll use ROE to examine Delorean Corporation Limited (ASX:DEL), by way of a worked example. ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. How Do You Calculate Return On Equity? The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Delorean is: 42% = AU$5.3m ÷ AU$12m (Based on the trailing twelve months to December 2024). The 'return' is the profit over the last twelve months. That means that for every A$1 worth of shareholders' equity, the company generated A$0.42 in profit. See our latest analysis for Delorean Does Delorean Have A Good Return On Equity? By comparing a company's ROE with its industry average, we can get a quick measure of how good it is. Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification. As is clear from the image below, Delorean has a better ROE than the average (12%) in the Renewable Energy industry. That is a good sign. With that said, a high ROE doesn't always indicate high profitability. Aside from changes in net income, a high ROE can also be the outcome of high debt relative to equity, which indicates risk. To know the 2 risks we have identified for Delorean visit our risks dashboard for free. How Does Debt Impact Return On Equity? Most companies need money -- from somewhere -- to grow their profits. That cash can come from retained earnings, issuing new shares (equity), or debt. In the case of the first and second options, the ROE will reflect this use of cash, for growth. In the latter case, the use of debt will improve the returns, but will not change the equity. In this manner the use of debt will boost ROE, even though the core economics of the business stay the same. Delorean's Debt And Its 42% ROE It's worth noting the high use of debt by Delorean, leading to its debt to equity ratio of 1.26. Its ROE is pretty impressive but, it would have probably been lower without the use of debt. Debt increases risk and reduces options for the company in the future, so you generally want to see some good returns from using it. Conclusion Return on equity is one way we can compare its business quality of different companies. A company that can achieve a high return on equity without debt could be considered a high quality business. All else being equal, a higher ROE is better. Having said that, while ROE is a useful indicator of business quality, you'll have to look at a whole range of factors to determine the right price to buy a stock. Profit growth rates, versus the expectations reflected in the price of the stock, are a particularly important to consider. You can see how the company has grow in the past by looking at this FREE detailed graph of past earnings, revenue and cash flow. If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Hamilton Spectator
03-07-2025
- Automotive
- Hamilton Spectator
DURHAM DAY TRIP: Here's your guide to exploring the rich history of Oshawa
With modern issues dominating headlines, it's easy to forget the rich history of the City of Oshawa. Birthplace of Canada's automotive industry, Oshawa is the largest municipality in Durham Region and is home to many museums and historical sites, making it the perfect destination for a historical day trip. Clark and Chase Wight get up close and personal with Disney's Lightning McQueen at the Canadian Automotive Museum in Oshawa. 1. Canadian Automotive Museum 99 Simcoe St. S. Open Tuesday to Sunday 10 a.m. to 4 p.m. Located in downtown Oshawa, the Canadian Automotive Museum opened in 1962 and continues to enthrall visitors with its detailed history of the automotive industry in Canada, from the end of horse-drawn carriages to present times, and its unique exhibits, including Disney Cars' Lightning McQueen and a 1983 Delorean made famous in the Back to the Future film series. A 1983 Delorean is a fan favourite among the many vehicles displayed at Oshawa's Canadian Automotive Museum. The Robert McLaughlin Gallery. 2. Robert McLaughlin Gallery 72 Queen St. , in the Oshawa Civic Centre Open Tuesday to Sunday 10 a.m. to 4 p.m. Another automotive association, the famed Robert McLaughlin Gallery is named after the founder of the McLaughlin Carriage Company, precursor to General Motors, and is renowned for its extensive collection of Canadian art. Current exhibits include a retrospective of Painters Eleven, Ontario's first abstract artists collective. Visit Oshawa's Robert McLaughlin Gallery and immerse yourself in Canadian art. Brush up on military history at the Canadian Tank Museum in Oshawa while viewing some of its more than 140 military vehicles. 3. Canadian Tank Museum 1000 Stevenson Rd. N. Open daily from noon to 4 p.m. through the summer Immerse yourself in the rich military history of The Ontario Regiment artifacts exhibit and get a glimpse of more than 140 operational, historic military vehicles spanning the time period from the First World War to the Afghanistan conflict. An accredited Canadian Armed Forces Museum, the facility is run with the help of more than 200 volunteer members. The Canadian Tank Museum and Ontario Regiment Museum in Oshawa features military vehicles from its collection of more than 140 operational tanks and vehicles. 4. Parkwood Estates 270 Simcoe St. N. Tea House Restaurant open weekdays 9 a.m. to 5 p.m., weekends 10 a.m. to 5 p.m. Gift shop open daily 10:30 a.m. to 5 p.m. For guided tours/events, visit Enjoy tea al fresco at Parkwood Estate's Tea House Restaurant, open May through September. Step back in time at the Parkwood National Historic Site, one of Canada's last remaining grand estates. The former home of Canadian auto baron R.S. (Colonel Sam) McLaughlin, founder of General Motors of Canada, the estate offers historic tours, workshops, tea at its outdoor café and more. Take a step back in time with tours of the historic Parkwood National Historic Site in Oshawa. A popular film spot, visitors can also spy familiar set locations from film favourites such as 'Billy Madison,' 'X-Men' and others. Take a step back in time with guided tours of Parkwood Estate, the former home of General Motors founder R.S. McLaughlin and film site for many popular movies and television shows. The Oshawa Museum at Oshawa's scenic Lakeview Park. 5. Oshawa Museum 1450 Simcoe St. S. For hours/tours, visit Located within Oshawa's scenic Lakeview Park, the Oshawa Museum is the perfect last stop. Find out about the less-known history of Oshawa with current exhibit 'Untold Oshawa,' which focuses on stories not previously published in any historical books or works. Open year-round for tours, the museum also offers Tea & Talk events and more. After visiting, enjoy a stroll along Oshawa's scenic lakeshore or a relaxing afternoon at the beach. Meticulously researched and written in an engaging, accessible style, 'Untold Oshawa' shines a spotlight on the tapestry of experiences that have shaped the city.
Yahoo
03-03-2025
- Business
- Yahoo
Delorean First Half 2025 Earnings: EPS: AU$0.004 (vs AU$0.002 in 1H 2024)
Revenue: AU$12.3m (up 87% from 1H 2024). Net income: AU$978.0k (up 97% from 1H 2024). Profit margin: 8.0% (up from 7.5% in 1H 2024). The increase in margin was driven by higher revenue. EPS: AU$0.004 (up from AU$0.002 in 1H 2024). All figures shown in the chart above are for the trailing 12 month (TTM) period Delorean shares are down 14% from a week ago. It is worth noting though that we have found 2 warning signs for Delorean (1 doesn't sit too well with us!) that you need to take into consideration. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
09-02-2025
- Business
- Yahoo
Should Weakness in Delorean Corporation Limited's (ASX:DEL) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Delorean (ASX:DEL) has had a rough three months with its share price down 14%. However, stock prices are usually driven by a company's financials over the long term, which in this case look pretty respectable. Specifically, we decided to study Delorean's ROE in this article. Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess the profitability of a company in relation to its equity capital. View our latest analysis for Delorean The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Delorean is: 54% = AU$4.8m ÷ AU$8.8m (Based on the trailing twelve months to June 2024). The 'return' refers to a company's earnings over the last year. Another way to think of that is that for every A$1 worth of equity, the company was able to earn A$0.54 in profit. So far, we've learned that ROE is a measure of a company's profitability. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes. First thing first, we like that Delorean has an impressive ROE. Secondly, even when compared to the industry average of 8.9% the company's ROE is quite impressive. Needless to say, we are quite surprised to see that Delorean's net income shrunk at a rate of 29% over the past five years. Based on this, we feel that there might be other reasons which haven't been discussed so far in this article that could be hampering the company's growth. These include low earnings retention or poor allocation of capital. Furthermore, even when compared to the industry, which has been shrinking its earnings at a rate of 16% over the last few years, we found that Delorean's performance is pretty disappointing, as it suggests that the company has been shrunk its earnings at a rate faster than the industry. The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about Delorean's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry. Because Delorean doesn't pay any regular dividends, we infer that it is retaining all of its profits, which is rather perplexing when you consider the fact that there is no earnings growth to show for it. So there could be some other explanations in that regard. For instance, the company's business may be deteriorating. Overall, we feel that Delorean certainly does have some positive factors to consider. However, given the high ROE and high profit retention, we would expect the company to be delivering strong earnings growth, but that isn't the case here. This suggests that there might be some external threat to the business, that's hampering its growth. While we won't completely dismiss the company, what we would do, is try to ascertain how risky the business is to make a more informed decision around the company. To know the 2 risks we have identified for Delorean visit our risks dashboard for free. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
