Golden Matrix Financials

GMGI Stock  USD 2.33  0.01  0.43%   
Based on the key measurements obtained from Golden Matrix's financial statements, Golden Matrix Group is not in a good financial situation at this time. It has a very high probability of going through financial hardship in January. As of now, Golden Matrix's Total Stockholder Equity is increasing as compared to previous years. The Golden Matrix's current Cash is estimated to increase to about 20.6 M, while Net Debt is forecasted to increase to (14.6 M). Key indicators impacting Golden Matrix's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.00630.0066
Notably Down
Slightly volatile
Current Ratio3.024.59
Way Down
Slightly volatile
The financial analysis of Golden Matrix is a critical element in measuring its lifeblood. Investors should not minimize Golden Matrix's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

(1.42 Million)

  
Understanding current and past Golden Matrix Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Golden Matrix's financial statements are interrelated, with each one affecting the others. For example, an increase in Golden Matrix's assets may result in an increase in income on the income statement.

Golden Matrix Stock Summary

Golden Matrix competes with GameSquare Holdings, Playstudios, Snail,, and Doubledown Interactive. Golden Matrix Group, Inc. provides enterprise software-as-a-service solutions for online casino and sports betting operators. Golden Matrix Group, Inc. was incorporated in 2008 and is based in Las Vegas, Nevada. Golden Matrix operates under Electronic Gaming Multimedia classification in the United States and is traded on NASDAQ Exchange. It employs 17 people.
Specialization
Communication Services, Electronic Gaming & Multimedia
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS3810983003
CUSIP381098300 381098102 83615A209
LocationNevada; U.S.A
Business Address3651 Lindell Road,
SectorEntertainment
IndustryCommunication Services
BenchmarkDow Jones Industrial
Websitegoldenmatrix.com
Phone(702) 318 7548
CurrencyUSD - US Dollar

Golden Matrix Key Financial Ratios

Golden Matrix Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets13.8M20.5M32.6M35.6M40.9M43.0M
Net Debt(11.7M)(16.5M)(14.8M)(17.0M)(15.3M)(14.6M)
Cash11.7M16.8M14.9M17.1M19.7M20.6M
Total Liab552.6K1.5M2.8M4.5M5.2M5.4M
Short Term Debt99.0100.2K95.1K59.1K53.2K50.5K
Net Invested Capital2.4M13.3M18.9M31.1M35.8M37.6M
Net Working Capital1.2M13.3M18.7M18.4M21.1M22.2M
Capital Stock28.5K227.0272.0362.0325.8309.51

Golden Matrix Key Income Statement Accounts

201920202021202220232024 (projected)
Operating Income399.3K14.3M192.5K(526.2K)(605.2K)(574.9K)
Ebitda400.9K18.2M609.1K4.3K4.9K4.7K
Income Before Tax398.1K14.2M463.1K(489.4K)(562.9K)(591.0K)
Net Income398.1K12.9M44.0K(1.2M)(1.3M)(1.4M)
Gross Profit3.2M45.8M9.2M9.9M11.3M11.9M
Cost Of Revenue2.0M14.6M26.9M34.3M39.5M41.4M
Income Tax Expense10.2K1.2M419.0K683.3K615.0K1.0M
Total Revenue5.2M60.4M36.0M44.2M50.8M53.3M
Net Interest Income(162.0K)(37.2K)(10.2K)44.6K51.3K53.9K

Golden Matrix Key Cash Accounts

201920202021202220232024 (projected)
Free Cash Flow1.9M13.3M2.6M2.1M2.5M1.3M
Other Non Cash Items337.4K212.5K(104.1K)300.4K270.4K256.9K

Golden Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Golden Matrix's current stock value. Our valuation model uses many indicators to compare Golden Matrix value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Golden Matrix competition to find correlations between indicators driving Golden Matrix's intrinsic value. More Info.
Golden Matrix Group is rated # 2 in return on equity category among its peers. It is rated below average in return on asset category among its peers . As of now, Golden Matrix's Return On Equity is decreasing as compared to previous years. 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 Golden Matrix's earnings, one of the primary drivers of an investment's value.

Golden Matrix Group Systematic Risk

Golden Matrix's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Golden Matrix 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 Golden Matrix Group correlated with the market. If Beta is less than 0 Golden Matrix generally moves in the opposite direction as compared to the market. If Golden Matrix Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Golden Matrix Group is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Golden Matrix is generally in the same direction as the market. If Beta > 1 Golden Matrix moves generally in the same direction as, but more than the movement of the benchmark.

Golden Matrix Thematic Clasifications

Golden Matrix Group is part of several thematic ideas from Toys to Video Games. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Today, most investors in Golden Matrix Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Golden Matrix'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 Golden Matrix growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.0334

As of now, Golden Matrix's Price Earnings To Growth Ratio is decreasing as compared to previous years.

Golden Matrix December 3, 2024 Opportunity Range

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

Complementary Tools for Golden Stock analysis

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