Eldorado Historical Financial Ratios
EGO Stock | USD 15.19 0.22 1.47% |
Eldorado Gold is recently reporting on over 101 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 0.68 or Days Sales Outstanding of 42.01 will help investors to properly organize and evaluate Eldorado Gold Corp financial condition quickly.
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About Eldorado Financial Ratios Analysis
Eldorado Gold CorpFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Eldorado Gold investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Eldorado financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Eldorado Gold history.
Eldorado Gold Financial Ratios Chart
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Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to Eldorado Gold Corp. There are two different methods for calculating Eldorado Gold Corp invested capital: operating approach and financing approach. Understanding Eldorado Gold invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.Operating Cash Flow Per Share
A measure of the cash generated from a company's normal business operations per share, indicating how much cash is generated from a company's business operations on a per-share basis.Most ratios from Eldorado Gold's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Eldorado Gold Corp current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eldorado Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. At this time, Eldorado Gold's Capex To Revenue is very stable compared to the past year. As of the 20th of December 2024, POCF Ratio is likely to grow to 6.91, while Price To Sales Ratio is likely to drop 2.38.
2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 9.16 | 9.34 | 7.93 | 4.18 | Days Of Inventory On Hand | 99.94 | 103.73 | 116.35 | 101.62 |
Eldorado Gold fundamentals Correlations
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Eldorado Gold Account Relationship Matchups
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Eldorado Gold fundamentals Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Price To Sales Ratio | 2.07 | 2.21 | 1.79 | 1.76 | 2.5 | 2.38 | |
Ptb Ratio | 0.37 | 0.63 | 0.47 | 0.48 | 0.72 | 0.68 | |
Days Sales Outstanding | 20.8 | 19.08 | 8.91 | 28.08 | 36.17 | 42.01 | |
Book Value Per Share | 21.87 | 21.38 | 20.19 | 17.45 | 18.06 | 14.11 | |
Free Cash Flow Yield | (0.0424) | 0.0966 | 0.0331 | (0.0711) | (0.0116) | (0.0122) | |
Stock Based Compensation To Revenue | 0.0169 | 0.0104 | 0.008421 | 0.0123 | 0.0101 | 0.0193 | |
Capex To Depreciation | 1.42 | 0.83 | 1.51 | 1.32 | 1.56 | 1.48 | |
Pb Ratio | 0.37 | 0.63 | 0.47 | 0.48 | 0.72 | 0.68 | |
Ev To Sales | 2.6 | 2.28 | 1.82 | 2.03 | 2.62 | 2.49 | |
Free Cash Flow Per Share | (0.34) | 1.28 | 0.31 | (0.59) | (0.15) | (0.16) | |
Roic | 0.009812 | 0.0306 | 0.003852 | (0.0797) | 0.0283 | 0.0298 | |
Inventory Turnover | 2.99 | 3.92 | 3.65 | 3.52 | 3.14 | 4.1 | |
Net Income Per Share | 0.51 | 0.73 | 0.0615 | (0.27) | 0.54 | 0.56 | |
Days Of Inventory On Hand | 122.1 | 93.0 | 99.94 | 103.73 | 116.35 | 101.62 | |
Payables Turnover | 7.27 | 10.63 | 9.16 | 9.34 | 7.93 | 4.18 | |
Sales General And Administrative To Revenue | 0.0687 | 0.041 | 0.0497 | 0.0617 | 0.0538 | 0.0511 | |
Capex To Revenue | 0.83 | 0.68 | 0.36 | 0.2 | 0.32 | 0.41 | |
Cash Per Share | 1.16 | 2.99 | 2.67 | 1.72 | 2.8 | 1.82 | |
Pocfratio | 7.69 | 5.33 | 4.65 | 7.27 | 6.58 | 6.91 | |
Interest Coverage | 1.36 | 4.72 | 3.14 | 2.01 | 5.97 | 11.3 | |
Capex To Operating Cash Flow | 1.33 | 0.48 | 0.85 | 1.52 | 1.08 | 1.02 | |
Pfcf Ratio | (23.57) | 10.35 | 30.19 | (14.07) | (85.95) | (81.66) | |
Days Payables Outstanding | 50.2 | 34.32 | 39.83 | 39.07 | 46.03 | 43.73 | |
Income Quality | 2.25 | 4.37 | 32.66 | (4.27) | 3.66 | 3.85 | |
Roe | 0.0236 | 0.0345 | 0.003108 | (0.0154) | 0.0297 | 0.0312 | |
Ev To Operating Cash Flow | 9.66 | 5.51 | 4.74 | 8.37 | 6.89 | 7.23 | |
Pe Ratio | 15.83 | 18.19 | 151.93 | (31.06) | 24.1 | 33.51 | |
Return On Tangible Assets | 0.0177 | 0.026 | 0.002293 | (0.0113) | 0.0214 | 0.0224 | |
Ev To Free Cash Flow | (29.61) | 10.7 | 30.74 | (16.2) | (89.99) | (85.49) | |
Earnings Yield | 0.0632 | 0.055 | 0.006582 | (0.0322) | 0.0415 | 0.0436 | |
Intangibles To Total Assets | 0.0199 | 0.0189 | 0.0188 | 0.0208 | 0.0186 | 0.0176 | |
Net Debt To E B I T D A | (0.94) | 1.04 | 0.15 | 0.0719 | 0.83 | 0.26 | |
Current Ratio | 1.97 | 2.92 | 3.52 | 3.0 | 3.39 | 3.58 | |
Tangible Book Value Per Share | 21.28 | 20.84 | 19.67 | 16.94 | 17.58 | 13.35 | |
Receivables Turnover | 17.54 | 19.13 | 40.98 | 13.0 | 10.09 | 12.17 |
Pair Trading with Eldorado Gold
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 Eldorado Gold 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 Eldorado Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Eldorado Stock
Moving against Eldorado Stock
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The ability to find closely correlated positions to Eldorado Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eldorado Gold 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 Eldorado Gold - 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 Eldorado Gold Corp to buy it.
The correlation of Eldorado Gold 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 Eldorado Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eldorado Gold Corp 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 Eldorado Gold 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eldorado Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is 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 Eldorado Gold. If investors know Eldorado 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 Eldorado Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 55.667 | Earnings Share 1.41 | Revenue Per Share 5.868 | Quarterly Revenue Growth 0.355 | Return On Assets 0.0386 |
The market value of Eldorado Gold Corp is measured differently than its book value, which is the value of Eldorado that is recorded on the company's balance sheet. Investors also form their own opinion of Eldorado Gold's value that differs from its market value or its book value, called intrinsic value, which is Eldorado Gold's 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 Eldorado Gold's market value can be influenced by many factors that don't directly affect Eldorado Gold's 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 Eldorado Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eldorado Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eldorado Gold's 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.