Solgold Plc Stock Fundamentals
| SOLG Stock | CAD 0.12 0.01 7.69% |
SolGold PLC fundamentals help investors to digest information that contributes to SolGold PLC's financial success or failures. It also enables traders to predict the movement of SolGold Stock. The fundamental analysis module provides a way to measure SolGold PLC's 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 SolGold PLC stock.
At this time, SolGold PLC's Cost Of Revenue is very stable compared to the past year. As of the 22nd of December 2024, Minority Interest is likely to grow to about 97.7 K, though Operating Income is likely to grow to (19.2 M). SolGold | Select Account or Indicator |
SolGold PLC Company Return On Equity Analysis
SolGold PLC's 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 SolGold PLC Return On Equity | -0.21 |
Most of SolGold PLC's 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, SolGold PLC is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
SolGold Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for SolGold PLC is extremely important. It helps to project a fair market value of SolGold Stock properly, considering its historical fundamentals such as Return On Equity. Since SolGold PLC's 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 SolGold PLC's 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 SolGold PLC's interrelated accounts and indicators.
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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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SolGold Total Stockholder Equity
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Based on the latest financial disclosure, SolGold PLC has a Return On Equity of -0.2125. This is 123.35% lower than that of the Metals & Mining sector and significantly lower than that of the Materials industry. The return on equity for all Canada stocks is 31.45% lower than that of the firm.
SolGold PLC Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining SolGold PLC's current stock value. Our valuation model uses many indicators to compare SolGold PLC value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across SolGold PLC competition to find correlations between indicators driving SolGold PLC's intrinsic value. More Info.SolGold PLC is rated fifth in return on equity category among its peers. It also is rated fifth in return on asset category among its peers . At this time, SolGold PLC's 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 SolGold PLC by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for SolGold PLC's 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.SolGold Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses SolGold PLC's 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 SolGold PLC could also be used in its relative valuation, which is a method of valuing SolGold PLC by comparing valuation metrics of similar companies.SolGold PLC is currently under evaluation in return on equity category among its peers.
SolGold PLC Current Valuation Drivers
We derive many important indicators used in calculating different scores of SolGold PLC from analyzing SolGold PLC's financial statements. These drivers represent accounts that assess SolGold PLC's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of SolGold PLC's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 494.9M | 833.8M | 815.5M | 507.9K | 327.1M | 196.6M | |
| Enterprise Value | 464.4M | 831.8M | 874.2M | 115.6M | 520.2M | 546.2M |
SolGold Fundamentals
| Return On Equity | -0.21 | ||||
| Return On Asset | -0.0294 | ||||
| Current Valuation | 649.78 M | ||||
| Shares Outstanding | 3 B | ||||
| Shares Owned By Insiders | 52.80 % | ||||
| Shares Owned By Institutions | 7.95 % | ||||
| Number Of Shares Shorted | 1.34 M | ||||
| Price To Book | 0.99 X | ||||
| EBITDA | (24.63 M) | ||||
| Net Income | (60.3 M) | ||||
| Cash And Equivalents | 46.9 M | ||||
| Cash Per Share | 0.02 X | ||||
| Total Debt | 199.16 M | ||||
| Debt To Equity | 0.06 % | ||||
| Current Ratio | 2.30 X | ||||
| Book Value Per Share | 0.09 X | ||||
| Cash Flow From Operations | (10.24 M) | ||||
| Short Ratio | 4.02 X | ||||
| Earnings Per Share | (0.03) X | ||||
| Target Price | 1.2 | ||||
| Number Of Employees | 288 | ||||
| Beta | 1.25 | ||||
| Market Capitalization | 373.08 M | ||||
| Total Asset | 463.85 M | ||||
| Retained Earnings | (306.35 M) | ||||
| Working Capital | 27.72 M | ||||
| Net Asset | 463.85 M |
About SolGold PLC Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze SolGold PLC's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SolGold PLC using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SolGold PLC 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 | 12.8 M | 13.5 M | |
| Cost Of Revenue | 342.8 K | 359.9 K |
Pair Trading with SolGold PLC
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 SolGold PLC 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 SolGold PLC will appreciate offsetting losses from the drop in the long position's value.Moving together with SolGold Stock
Moving against SolGold Stock
| 0.92 | FFH | Fairfax Financial | PairCorr |
| 0.9 | EIT-UN | Canoe EIT Income | PairCorr |
| 0.84 | ENS-PA | E Split Corp | PairCorr |
| 0.82 | DGS | Dividend Growth Split | PairCorr |
| 0.81 | ERE-UN | European Residential Real | PairCorr |
The ability to find closely correlated positions to SolGold PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SolGold PLC 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 SolGold PLC - 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 SolGold PLC to buy it.
The correlation of SolGold PLC 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 SolGold PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SolGold PLC 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 SolGold PLC 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 SolGold Stock
SolGold PLC financial ratios help investors to determine whether SolGold 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 SolGold with respect to the benefits of owning SolGold PLC security.