Freegold Ventures Limited Stock Fundamentals

FVL Stock  CAD 0.69  0.01  1.43%   
Freegold Ventures Limited fundamentals help investors to digest information that contributes to Freegold Ventures' financial success or failures. It also enables traders to predict the movement of Freegold Stock. The fundamental analysis module provides a way to measure Freegold Ventures' 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 Freegold Ventures stock.
At this time, Freegold Ventures' Depreciation And Amortization is very stable compared to the past year. As of the 24th of December 2024, Other Operating Expenses is likely to grow to about 3.2 M, while Interest Expense is likely to drop about 15.6 K.
  
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Freegold Ventures Limited Company Current Valuation Analysis

Freegold Ventures' Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.

Enterprise Value

 = 

Market Cap + Debt

-

Cash

More About Current Valuation | All Equity Analysis

Current Freegold Ventures Current Valuation

    
  318.77 M  
Most of Freegold Ventures' fundamental indicators, such as Current Valuation, 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, Freegold Ventures Limited is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Freegold Current Valuation Driver Correlations

Understanding the fundamental principles of building solid financial models for Freegold Ventures is extremely important. It helps to project a fair market value of Freegold Stock properly, considering its historical fundamentals such as Current Valuation. Since Freegold Ventures' 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 Freegold Ventures' 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 Freegold Ventures' interrelated accounts and indicators.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Competition

In accordance with the recently published financial statements, Freegold Ventures Limited has a Current Valuation of 318.77 M. This is 97.21% lower than that of the Metals & Mining sector and 98.36% lower than that of the Materials industry. The current valuation for all Canada stocks is 98.08% higher than that of the company.

Freegold Ventures Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Freegold Ventures's current stock value. Our valuation model uses many indicators to compare Freegold Ventures value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Freegold Ventures competition to find correlations between indicators driving Freegold Ventures's intrinsic value. More Info.
Freegold Ventures Limited 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, Freegold Ventures' Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Freegold Ventures by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Freegold Ventures' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.

Freegold Current Valuation Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Freegold Ventures' direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Freegold Ventures could also be used in its relative valuation, which is a method of valuing Freegold Ventures by comparing valuation metrics of similar companies.
Freegold Ventures is currently under evaluation in current valuation category among its peers.

Freegold Ventures Current Valuation Drivers

We derive many important indicators used in calculating different scores of Freegold Ventures from analyzing Freegold Ventures' financial statements. These drivers represent accounts that assess Freegold Ventures' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Freegold Ventures' important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap9.2M164.3M103.4M119.4M154.3M162.1M
Enterprise Value8.1M134.7M89.8M118.8M152.4M160.0M

Freegold Fundamentals

About Freegold Ventures Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Freegold Ventures Limited's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Freegold Ventures using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Freegold Ventures Limited 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.
Last ReportedProjected for Next Year
Current Deferred Revenue182.2 K191.3 K
Cost Of Revenue81.5 K76.3 K
Capex To Revenue 0.08  0.08 
Revenue Per Share 0.11  0.09 
Ebit Per Revenue 12.88  13.52 

Pair Trading with Freegold Ventures

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 Freegold Ventures 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 Freegold Ventures will appreciate offsetting losses from the drop in the long position's value.

Moving together with Freegold Stock

  0.8ORE Orezone Gold CorpPairCorr
  0.8INFM Infinico Metals CorpPairCorr

Moving against Freegold Stock

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  0.84EIT-UN Canoe EIT IncomePairCorr
  0.83ERE-UN European Residential RealPairCorr
  0.82ENS-PA E Split CorpPairCorr
The ability to find closely correlated positions to Freegold Ventures could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Freegold Ventures 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 Freegold Ventures - 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 Freegold Ventures Limited to buy it.
The correlation of Freegold Ventures 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 Freegold Ventures moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Freegold Ventures 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 Freegold Ventures 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Freegold Stock

Freegold Ventures financial ratios help investors to determine whether Freegold 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 Freegold with respect to the benefits of owning Freegold Ventures security.