Entree Resources Stock Return On Asset
| ETG Stock | CAD 1.98 0.02 1.02% |
Entree Resources fundamentals help investors to digest information that contributes to Entree Resources' financial success or failures. It also enables traders to predict the movement of Entree Stock. The fundamental analysis module provides a way to measure Entree Resources' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Entree Resources stock.
As of the 4th of December 2024, Return On Assets is likely to drop to -0.0014. Entree | Return On Asset |
Entree Resources Company Return On Asset Analysis
Entree Resources' Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Entree Resources Return On Asset | -0.47 |
Most of Entree Resources' fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Entree Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Entree Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Entree Resources is extremely important. It helps to project a fair market value of Entree Stock properly, considering its historical fundamentals such as Return On Asset. Since Entree Resources' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Entree Resources' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Entree Resources' interrelated accounts and indicators.
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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Entree Total Assets
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Based on the latest financial disclosure, Entree Resources has a Return On Asset of -0.4743. This is 164.09% lower than that of the Metals & Mining sector and significantly lower than that of the Materials industry. The return on asset for all Canada stocks is notably higher than that of the company.
Entree Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Entree Resources' direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Entree Resources could also be used in its relative valuation, which is a method of valuing Entree Resources by comparing valuation metrics of similar companies.Entree Resources is currently under evaluation in return on asset category among its peers.
Entree Resources Current Valuation Drivers
We derive many important indicators used in calculating different scores of Entree Resources from analyzing Entree Resources' financial statements. These drivers represent accounts that assess Entree Resources' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Entree Resources' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 49.8M | 78.5M | 120.8M | 167.2M | 171.9M | 180.5M | |
| Enterprise Value | 53.8M | 81.1M | 124.1M | 172.5M | 178.5M | 187.5M |
Entree Fundamentals
| Return On Asset | -0.47 | ||||
| Current Valuation | 409.51 M | ||||
| Shares Outstanding | 203.39 M | ||||
| Shares Owned By Insiders | 43.60 % | ||||
| Shares Owned By Institutions | 0.11 % | ||||
| Number Of Shares Shorted | 15.9 K | ||||
| Price To Earning | (22.50) X | ||||
| Price To Book | 3.89 X | ||||
| EBITDA | (4.54 K) | ||||
| Net Income | (9.58 M) | ||||
| Cash And Equivalents | 6.41 M | ||||
| Cash Per Share | 0.04 X | ||||
| Total Debt | 12.76 M | ||||
| Debt To Equity | 31.40 % | ||||
| Current Ratio | 41.58 X | ||||
| Book Value Per Share | (0.34) X | ||||
| Cash Flow From Operations | (3.1 M) | ||||
| Short Ratio | 0.13 X | ||||
| Earnings Per Share | (0.07) X | ||||
| Target Price | 2.0 | ||||
| Beta | 1.37 | ||||
| Market Capitalization | 402.71 M | ||||
| Total Asset | 7.21 M | ||||
| Retained Earnings | (274.31 M) | ||||
| Working Capital | 6.12 M | ||||
| Net Asset | 7.21 M |
About Entree Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Entree Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Entree Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Entree Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Entree Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Entree Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Entree Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Entree Stock
| 0.61 | AG | First Majestic Silver | PairCorr |
| 0.71 | IE | Ivanhoe Energy | PairCorr |
| 0.83 | FDY | Faraday Copper Corp | PairCorr |
Moving against Entree Stock
| 0.52 | NG | NovaGold Resources | PairCorr |
| 0.41 | HPQ | HPQ Silicon Resources | PairCorr |
| 0.32 | INFM | Infinico Metals Corp | PairCorr |
The ability to find closely correlated positions to Entree Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Entree Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Entree Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Entree Resources to buy it.
The correlation of Entree Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Entree Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Entree Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Entree Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Entree Stock
Entree Resources financial ratios help investors to determine whether Entree Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Entree with respect to the benefits of owning Entree Resources security.