Foremost Lithium Financials

FMSTW Stock   0.32  0.00  0.00%   
Foremost Lithium Resource is not in a good financial situation at this time. It has a very high probability of going through financial hardship in January. At this time, Foremost Lithium's Total Liabilities is fairly stable compared to the past year. Total Current Assets is likely to climb to about 1.6 M in 2024, despite the fact that Retained Earnings are likely to grow to (20.4 M). Key indicators impacting Foremost Lithium's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Current Ratio0.520.5436
Sufficiently Down
Slightly volatile
The financial analysis of Foremost Lithium is a critical element in measuring its lifeblood. Investors should not minimize Foremost Lithium's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

(4.25 Million)

  
Understanding current and past Foremost Lithium Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Foremost Lithium's financial statements are interrelated, with each one affecting the others. For example, an increase in Foremost Lithium's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Foremost Lithium's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Foremost Lithium Resource. Check Foremost Lithium's Beneish M Score to see the likelihood of Foremost Lithium's management manipulating its earnings.

Foremost Lithium Stock Summary

Foremost Lithium competes with Transportadora, Aris Water, Acco Brands, Bausch Lomb, and Toro. Foremost Lithium is entity of United States. It is traded as Stock on NASDAQ exchange.
Specialization
Basic Materials, Other Industrial Metals & Mining
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
CUSIP345510119
LocationBritish Columbia; Canada
Business Address750 West Pender
SectorChemicals
IndustryMaterials
BenchmarkDow Jones Industrial
Websiteforemostcleanenergy.com
Phone604 330 8067

Foremost Lithium Key Financial Ratios

Foremost Lithium Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets5.9M6.7M7.9M13.3M16.6M17.4M
Other Current Liab167.9K209.7K429.5K737.0K492.1K293.0K
Net Debt180.5K(194.5K)(91.6K)716.5K140.3K147.3K
Retained Earnings(14.1M)(15.6M)(19.7M)(17.9M)(21.5M)(20.4M)
Accounts Payable515.8K536.1K603.0K884.7K1.1M1.2M
Cash3.2K392.2K235.5K574.6K998.3K542.9K
Total Liab867.3K943.5K1.2M2.9M3.4M3.6M
Total Current Assets105.2K516.6K434.1K795.3K1.5M1.6M
Net Receivables16.5K92.3K85.9K132.5K146.2K153.5K
Short Term Debt48.5K61.4K69.5K1.3M1.1M1.2M
Common Stock17.8M20.2M24.2M26.4M32.1M19.2M
Other Current Assets42.5K32.0K55.9K56.7K340.7K357.8K

Foremost Lithium Key Income Statement Accounts

The reason investors look at the income statement is to determine what Foremost Lithium's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Operating Income(1.2M)(2.4M)(3.9M)(2.5M)(4.5M)(4.3M)
Ebitda(1.2M)(2.4M)(4.1M)(3.5M)(4.5M)(4.3M)
Income Before Tax(2.3M)(2.6M)(4.2M)956.6K(4.5M)(4.2M)
Net Income(2.3M)(2.6M)(4.2M)956.6K(4.5M)(4.2M)
Ebit(1.2M)(2.6M)(4.3M)(3.8M)(4.7M)(4.4M)
Income Tax Expense130.2K173.0(84.5K)859.0K(167.9K)(159.5K)
Interest Expense112.4K202.2K146.2K104.0K126.6K130.1K

Foremost Lithium Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash(134.7K)389.0K(156.8K)339.1K423.7K444.9K
Free Cash Flow(539.6K)(965.8K)(1.6M)(2.8M)(6.4M)(6.1M)
Change In Working Capital917.0K12.8K128.2K363.7K(174.2K)(165.5K)
Begin Period Cash Flow138.0K3.2K392.2K235.5K574.6K467.5K
Other Cashflows From Financing Activities383.3K992.0K1.6M1.0M(244.0K)(231.8K)
Capital Expenditures125K162.8K220.0K295.0K2.6M2.7M
Total Cash From Operating Activities(414.6K)(802.9K)(1.4M)(2.5M)(3.8M)(3.6M)
Net Income(2.3M)(2.6M)(4.2M)956.6K(4.5M)(4.2M)
Total Cash From Financing Activities620.7K1.5M2.1M3.6M6.6M6.9M
End Period Cash Flow3.2K392.2K235.5K574.6K998.3K542.9K
Stock Based Compensation15.0K1.8M2.5M815.4K910.7K1.4M
Other Non Cash Items121.6K13.8K95.1K(4.6M)(59.1K)(62.0K)
Change To Account Receivables58.8K(26.4K)(43.0K)(46.6K)(13.7K)(14.4K)

Foremost Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Foremost Lithium's current stock value. Our valuation model uses many indicators to compare Foremost Lithium value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Foremost Lithium competition to find correlations between indicators driving Foremost Lithium's intrinsic value. More Info.
Foremost Lithium Resource is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset category among its peers . At this time, Foremost Lithium's Return On Equity is fairly stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Foremost Lithium by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Foremost Lithium Resource Systematic Risk

Foremost Lithium's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Foremost Lithium volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-eight with a total number of output elements of thirty-three. The Beta measures systematic risk based on how returns on Foremost Lithium Resource correlated with the market. If Beta is less than 0 Foremost Lithium generally moves in the opposite direction as compared to the market. If Foremost Lithium Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Foremost Lithium Resource is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Foremost Lithium is generally in the same direction as the market. If Beta > 1 Foremost Lithium moves generally in the same direction as, but more than the movement of the benchmark.

Steps to analyze company Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Foremost Lithium is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Foremost has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Foremost Lithium's financials are consistent with your investment objective using the following steps:
  • Review Foremost Lithium's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Foremost Lithium's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Foremost Lithium's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Foremost Lithium's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.
Today, most investors in Foremost Lithium Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Foremost Lithium's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Foremost Lithium growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.007911

At this time, Foremost Lithium's Price Earnings To Growth Ratio is fairly stable compared to the past year.

Foremost Lithium December 3, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Foremost Lithium help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Foremost Lithium Resource. We use our internally-developed statistical techniques to arrive at the intrinsic value of Foremost Lithium Resource based on widely used predictive technical indicators. In general, we focus on analyzing Foremost Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Foremost Lithium's daily price indicators and compare them against related drivers.

Additional Tools for Foremost Stock Analysis

When running Foremost Lithium's price analysis, check to measure Foremost Lithium'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 Foremost Lithium is operating at the current time. Most of Foremost Lithium's value examination focuses on studying past and present price action to predict the probability of Foremost Lithium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Foremost Lithium's price. Additionally, you may evaluate how the addition of Foremost Lithium to your portfolios can decrease your overall portfolio volatility.