Novo Resources Corp Stock Return On Equity
| NVOOFDelisted Stock | USD 0.01 0.00 0.00% |
Novo Resources Corp fundamentals help investors to digest information that contributes to Novo Resources' financial success or failures. It also enables traders to predict the movement of Novo Pink Sheet. The fundamental analysis module provides a way to measure Novo 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 Novo Resources pink sheet.
Novo |
Novo Resources Corp Company Return On Equity Analysis
Novo Resources' 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 Novo Resources Return On Equity | -0.49 |
Most of Novo Resources' 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, Novo Resources Corp 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.
CompetitionBased on the latest financial disclosure, Novo Resources Corp has a Return On Equity of -0.4899. This is 153.84% lower than that of the Basic Materials sector and notably lower than that of the Gold industry. The return on equity for all United States stocks is 58.03% higher than that of the company.
Novo Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Novo Resources' direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Novo Resources could also be used in its relative valuation, which is a method of valuing Novo Resources by comparing valuation metrics of similar companies.Novo Resources is currently under evaluation in return on equity category among its peers.
Novo Fundamentals
| Return On Equity | -0.49 | |||
| Return On Asset | -0.11 | |||
| Profit Margin | (1.28) % | |||
| Operating Margin | (0.61) % | |||
| Price To Earning | 2.30 X | |||
| Revenue | 112.24 M | |||
| EBITDA | 43.34 M | |||
| Net Income | (704 K) | |||
| Cash And Equivalents | 21.94 M | |||
| Cash Per Share | 0.09 X | |||
| Total Debt | 37.38 M | |||
| Debt To Equity | 0.25 % | |||
| Current Ratio | 3.23 X | |||
| Book Value Per Share | 0.78 X | |||
| Cash Flow From Operations | (19.66 M) | |||
| Earnings Per Share | (0.05) X | |||
| Number Of Employees | 111 | |||
| Beta | 1.37 | |||
| Total Asset | 462.68 M | |||
| Net Asset | 462.68 M |
About Novo Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Novo Resources Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Novo Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Novo Resources Corp 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.
Currently Active Assets on Macroaxis
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Other Consideration for investing in Novo Pink Sheet
If you are still planning to invest in Novo Resources Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Novo Resources' history and understand the potential risks before investing.
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio |