Published on 5 Feb 2024 on Simply Wall St. via Yahoo Finance
Saputo Inc.'s (TSE:SAP) On An Uptrend But Financial Prospects Look Pretty Weak: Is The Stock...
Saputo (TSE:SAP) has had a great run on the share market with its stock up by a significant 6.1% over the last month. However, we decided to pay close attention to its weak financials as we are doubtful that the current momentum will keep up, given the scenario. Particularly, we will be paying attention to Saputo's ROE today.
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 other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
Check out our latest analysis for Saputo