Published on 20 Mar 2024 on Simply Wall St. via Yahoo Finance
Power Corporation of Canada's (TSE:POW) Has Had A Decent Run On The Stock market: Are Fundamentals...
Power Corporation of Canada's (TSE:POW) stock up by 4.5% over the past three months. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to investigate if the company's decent financials had a hand to play in the recent price move. Specifically, we decided to study Power Corporation of Canada'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. Put another way, it reveals the company's success at turning shareholder investments into profits.
See our latest analysis for Power Corporation of Canada