Niocorp Developments Ltd Stock Fundamentals
| NB Stock | 1.31 0.01 0.77% |
NioCorp Developments Ltd fundamentals help investors to digest information that contributes to NioCorp Developments' financial success or failures. It also enables traders to predict the movement of NioCorp Stock. The fundamental analysis module provides a way to measure NioCorp Developments' 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 NioCorp Developments stock.
At present, NioCorp Developments' Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 12.6 M, whereas Net Interest Income is projected to grow to (4.3 M). NioCorp | Select Account or Indicator |
NioCorp Developments Ltd Company Return On Equity Analysis
NioCorp Developments' Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current NioCorp Developments Return On Equity | -7.72 |
Most of NioCorp Developments' fundamental indicators, such as Return On Equity, 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, NioCorp Developments Ltd is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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NioCorp Total Stockholder Equity
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Based on the latest financial disclosure, NioCorp Developments Ltd has a Return On Equity of -7.722. This is 948.57% lower than that of the Metals & Mining sector and significantly lower than that of the Materials industry. The return on equity for all United States stocks is notably higher than that of the company.
NioCorp Developments Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining NioCorp Developments's current stock value. Our valuation model uses many indicators to compare NioCorp Developments value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across NioCorp Developments competition to find correlations between indicators driving NioCorp Developments's intrinsic value. More Info.NioCorp Developments Ltd is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers . At present, NioCorp Developments' Return On Equity is projected to slightly decrease based on the last few years of reporting. 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 NioCorp Developments' earnings, one of the primary drivers of an investment's value.NioCorp Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NioCorp Developments' direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of NioCorp Developments could also be used in its relative valuation, which is a method of valuing NioCorp Developments by comparing valuation metrics of similar companies.NioCorp Developments is currently under evaluation in return on equity category among its peers.
NioCorp Developments Current Valuation Drivers
We derive many important indicators used in calculating different scores of NioCorp Developments from analyzing NioCorp Developments' financial statements. These drivers represent accounts that assess NioCorp Developments' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of NioCorp Developments' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 177.6M | 183.2M | 199.6M | 144.4M | 56.3M | 53.5M | |
| Enterprise Value | 182.6M | 186.7M | 198.6M | 152.8M | 62.1M | 59.0M |
NioCorp Fundamentals
| Return On Equity | -7.72 | |||
| Return On Asset | -0.42 | |||
| Current Valuation | 61.02 M | |||
| Shares Outstanding | 42.51 M | |||
| Shares Owned By Insiders | 6.26 % | |||
| Shares Owned By Institutions | 5.46 % | |||
| Number Of Shares Shorted | 345.42 K | |||
| Price To Book | 23.39 X | |||
| EBITDA | (7.54 M) | |||
| Net Income | (11.9 M) | |||
| Total Debt | 7.86 M | |||
| Book Value Per Share | 0.03 X | |||
| Cash Flow From Operations | (11.73 M) | |||
| Short Ratio | 6.06 X | |||
| Earnings Per Share | (0.27) X | |||
| Target Price | 8.5 | |||
| Beta | 0.27 | |||
| Market Capitalization | 55.69 M | |||
| Total Asset | 20.07 M | |||
| Retained Earnings | (161.91 M) | |||
| Working Capital | (9.04 M) | |||
| Net Asset | 20.07 M |
About NioCorp Developments Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NioCorp Developments Ltd's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NioCorp Developments using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NioCorp Developments Ltd 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 Reported | Projected for Next Year | ||
| Current Deferred Revenue | 68.4 K | 65 K | |
| Cost Of Revenue | 4.2 M | 4.4 M |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out NioCorp Developments Piotroski F Score and NioCorp Developments Altman Z Score analysis. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NioCorp Developments. If investors know NioCorp will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NioCorp Developments listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.27) | Return On Assets (0.42) | Return On Equity (7.72) |
The market value of NioCorp Developments is measured differently than its book value, which is the value of NioCorp that is recorded on the company's balance sheet. Investors also form their own opinion of NioCorp Developments' value that differs from its market value or its book value, called intrinsic value, which is NioCorp Developments' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NioCorp Developments' market value can be influenced by many factors that don't directly affect NioCorp Developments' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NioCorp Developments' value and its price as these two are different measures arrived at by different means. Investors typically determine if NioCorp Developments is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NioCorp Developments' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.